Can I retire at age 54 with 853,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $853,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.8%
1 years$70,440$69,813$69,200$68,603$68,019$66,134
2 years$34,871$34,222$33,592$32,982$32,390$30,505
3 years$23,017$22,364$21,737$21,132$20,550$18,723
4 years$17,090$16,440$15,819$15,224$14,656$12,903
5 years$13,536$12,889$12,276$11,694$11,141$9,466
6 years$11,167$10,525$9,921$9,352$8,816$7,219
7 years$9,475$8,839$8,244$7,688$7,170$5,653
8 years$8,207$7,577$6,992$6,450$5,948$4,510
9 years$7,221$6,597$6,022$5,494$5,009$3,648
10 years$6,433$5,815$5,250$4,736$4,268$2,982
11 years$5,789$5,177$4,622$4,121$3,671$2,459
12 years$5,252$4,646$4,102$3,615$3,181$2,040
13 years$4,798$4,199$3,665$3,192$2,774$1,702
14 years$4,410$3,817$3,293$2,833$2,431$1,425
15 years$4,073$3,487$2,973$2,527$2,141$1,198
16 years$3,779$3,199$2,696$2,262$1,892$1,010
17 years$3,520$2,946$2,453$2,033$1,678$854
18 years$3,290$2,722$2,239$1,832$1,492$723
19 years$3,084$2,523$2,050$1,655$1,330$613
20 years$2,899$2,344$1,881$1,499$1,188$521
21 years$2,732$2,184$1,730$1,361$1,063$443
22 years$2,580$2,038$1,595$1,237$953$377
23 years$2,442$1,907$1,472$1,127$855$321
24 years$2,315$1,786$1,362$1,028$769$274
25 years$2,199$1,676$1,261$938$692$234
26 years$2,092$1,575$1,170$858$623$200
27 years$1,993$1,483$1,086$785$562$170
28 years$1,901$1,397$1,010$720$507$146
29 years$1,816$1,318$940$660$458$124
30 years$1,736$1,245$875$606$414$106
31 years$1,662$1,177$816$556$374$91
32 years$1,593$1,113$761$511$338$78
33 years$1,528$1,054$711$470$306$66
34 years$1,466$999$664$432$277$57
35 years$1,409$948$621$398$251$49
36 years$1,355$900$581$367$227$42
37 years$1,304$854$544$338$206$36
38 years$1,255$812$509$311$187$30
39 years$1,210$772$477$287$169$26
40 years$1,166$735$447$265$154$22
41 years$1,125$699$419$244$139$19
42 years$1,086$666$393$225$127$16
43 years$1,049$635$369$208$115$14
44 years$1,013$605$346$192$104$12
45 years$980$577$325$177$95$10
46 years$948$550$306$164$86$9
47 years$917$525$287$151$78$8
48 years$888$501$270$140$71$6
49 years$860$479$254$129$64$6
50 years$833$457$238$120$58$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $853,000, adding $5,014 every year, while hoping to spend $47,257 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 83/9/8 Blend
53$853,000$853,000$853,000$853,000
54$945,178$899,969$886,747$1,022,324
55$991,305$893,786$866,172$1,067,318
56$1,040,553$885,717$843,324$1,109,858
57$1,093,191$875,618$818,077$1,155,112
58$1,149,513$863,340$790,299$1,203,326
59$1,209,841$848,721$759,851$1,254,768
60$1,274,529$831,593$726,591$1,309,733
61$1,343,966$811,777$690,367$1,368,548
62$1,418,578$789,081$651,022$1,431,572
63$1,498,833$763,306$608,391$1,499,200
64$1,585,244$734,237$562,302$1,571,868
65$1,678,374$701,651$512,575$1,650,055
66$1,778,845$665,308$459,022$1,734,291
67$1,887,335$624,956$401,447$1,825,157
68$2,004,593$580,329$339,646$1,923,296
69$2,131,442$531,146$273,404$2,029,417
70$2,268,784$477,107$202,498$2,144,298
71$2,417,613$417,898$126,695$2,268,800
72$2,579,021$353,186$45,751$2,403,870
73$2,754,209$282,620$0$2,550,553
74$2,944,498$205,829$0$2,713,469
75$3,151,342$122,419$0$2,894,812
76$3,376,338$31,977$0$3,092,095
77$3,621,247$0$0$3,306,887
78$3,888,002$0$0$3,547,443
79$4,178,734$0$0$3,813,088
80$4,495,787$0$0$4,102,799
81$4,841,740$0$0$4,418,935
82$5,219,433$0$0$4,764,093
83$5,631,991$0$0$5,141,131
84$6,082,856$0$0$5,553,197
85$6,575,816$0$0$6,003,756
86$7,115,042$0$0$6,496,621
87$7,705,126$0$0$7,035,994
88$8,351,125$0$0$7,626,499
89$9,058,610$0$0$8,273,231
90$9,833,711$0$0$8,981,797
91$10,683,183$0$0$9,758,374
92$11,614,463$0$0$10,609,767
93$12,635,745$0$0$11,543,466
94$13,756,050$0$0$12,567,725
95$14,985,317$0$0$13,691,634
96$16,334,494$0$0$14,925,205
97$17,815,638$0$0$16,279,465
98$19,442,031$0$0$17,766,565
99$21,228,307$0$0$19,399,887
100$23,190,583$0$0$21,194,173