Can I retire at age 54 with 856,000?

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 $856,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.7%
1 years$70,688$70,058$69,444$68,844$68,259$67,211
2 years$34,994$34,342$33,711$33,098$32,504$31,451
3 years$23,098$22,443$21,813$21,206$20,622$19,596
4 years$17,151$16,498$15,874$15,278$14,708$13,717
5 years$13,583$12,935$12,319$11,735$11,181$10,229
6 years$11,206$10,562$9,956$9,385$8,847$7,934
7 years$9,508$8,870$8,273$7,716$7,195$6,322
8 years$8,236$7,603$7,016$6,472$5,969$5,135
9 years$7,247$6,620$6,043$5,513$5,027$4,232
10 years$6,456$5,835$5,269$4,752$4,283$3,527
11 years$5,809$5,195$4,638$4,136$3,683$2,965
12 years$5,270$4,663$4,116$3,628$3,192$2,510
13 years$4,815$4,214$3,678$3,203$2,783$2,138
14 years$4,425$3,830$3,304$2,843$2,440$1,829
15 years$4,088$3,499$2,983$2,535$2,148$1,571
16 years$3,792$3,210$2,705$2,270$1,899$1,354
17 years$3,532$2,956$2,461$2,040$1,684$1,170
18 years$3,301$2,732$2,247$1,838$1,497$1,013
19 years$3,095$2,532$2,057$1,661$1,334$880
20 years$2,909$2,353$1,888$1,504$1,192$765
21 years$2,742$2,191$1,736$1,365$1,066$666
22 years$2,589$2,046$1,600$1,241$956$581
23 years$2,451$1,913$1,478$1,131$858$507
24 years$2,324$1,793$1,367$1,031$771$443
25 years$2,207$1,682$1,266$942$694$387
26 years$2,099$1,581$1,174$861$625$339
27 years$2,000$1,488$1,090$788$564$297
28 years$1,908$1,402$1,013$722$509$260
29 years$1,822$1,323$943$662$459$228
30 years$1,742$1,249$878$608$415$200
31 years$1,668$1,181$819$558$375$175
32 years$1,598$1,117$764$513$339$154
33 years$1,533$1,058$713$472$307$135
34 years$1,472$1,003$667$434$278$119
35 years$1,414$951$623$400$252$104
36 years$1,360$903$583$368$228$91
37 years$1,308$857$546$339$207$80
38 years$1,260$815$511$312$188$71
39 years$1,214$775$479$288$170$62
40 years$1,170$737$449$266$154$54
41 years$1,129$702$421$245$140$48
42 years$1,090$668$395$226$127$42
43 years$1,053$637$370$209$115$37
44 years$1,017$607$348$193$105$33
45 years$983$579$326$178$95$29
46 years$951$552$307$165$86$25
47 years$920$527$288$152$78$22
48 years$891$503$271$140$71$19
49 years$863$480$254$130$65$17
50 years$836$459$239$120$59$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $856,000, adding $6,932 every year, while hoping to spend $54,884 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: 72/16/12 Blend
53$856,000$856,000$856,000$856,000
54$950,462$905,094$891,826$1,016,040
55$989,013$891,048$863,306$1,046,325
56$1,029,657$874,474$831,992$1,072,064
57$1,072,549$855,190$797,730$1,098,773
58$1,117,859$833,004$760,364$1,126,532
59$1,165,771$807,712$719,727$1,155,436
60$1,216,489$779,098$675,646$1,185,585
61$1,270,231$746,934$627,941$1,217,095
62$1,327,239$710,979$576,422$1,250,092
63$1,387,777$670,976$520,891$1,284,719
64$1,452,132$626,656$461,143$1,321,133
65$1,520,619$577,732$396,961$1,359,510
66$1,593,584$523,903$328,121$1,400,045
67$1,671,404$464,848$254,387$1,442,955
68$1,754,493$400,231$175,515$1,488,482
69$1,843,303$329,695$91,247$1,536,893
70$1,938,333$252,863$1,317$1,588,487
71$2,040,127$169,337$0$1,643,595
72$2,149,282$78,697$0$1,714,704
73$2,266,455$0$0$1,791,072
74$2,392,365$0$0$1,876,454
75$2,527,801$0$0$1,983,229
76$2,673,632$0$0$2,098,231
77$2,830,809$0$0$2,222,212
78$3,000,379$0$0$2,356,004
79$3,183,491$0$0$2,500,517
80$3,381,408$0$0$2,656,753
81$3,595,519$0$0$2,825,812
82$3,827,349$0$0$3,008,904
83$4,078,576$0$0$3,207,360
84$4,351,044$0$0$3,422,642
85$4,646,783$0$0$3,656,358
86$4,968,022$0$0$3,910,279
87$5,317,218$0$0$4,186,351
88$5,697,068$0$0$4,486,714
89$6,110,544$0$0$4,813,726
90$6,560,915$0$0$5,169,977
91$7,051,777$0$0$5,558,321
92$7,587,088$0$0$5,981,899
93$8,171,207$0$0$6,444,164
94$8,808,928$0$0$6,948,923
95$9,505,530$0$0$7,500,362
96$10,266,826$0$0$8,103,091
97$11,099,214$0$0$8,762,185
98$12,009,738$0$0$9,483,234
99$13,006,156$0$0$10,272,389
100$14,097,007$0$0$11,136,428