Can I retire at age 54 with 858,000?

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 $858,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.9%
1 years$70,853$70,222$69,606$69,005$68,418$67,037
2 years$35,076$34,422$33,789$33,175$32,580$31,194
3 years$23,151$22,495$21,864$21,256$20,670$19,323
4 years$17,191$16,537$15,911$15,314$14,742$13,445
5 years$13,615$12,965$12,348$11,762$11,207$9,962
6 years$11,232$10,587$9,979$9,406$8,867$7,677
7 years$9,531$8,891$8,293$7,734$7,212$6,076
8 years$8,255$7,621$7,033$6,487$5,983$4,902
9 years$7,264$6,635$6,057$5,526$5,038$4,011
10 years$6,471$5,849$5,281$4,763$4,293$3,318
11 years$5,823$5,207$4,649$4,146$3,692$2,768
12 years$5,283$4,673$4,126$3,636$3,199$2,326
13 years$4,826$4,223$3,686$3,210$2,790$1,965
14 years$4,436$3,839$3,312$2,850$2,446$1,668
15 years$4,097$3,507$2,990$2,541$2,153$1,421
16 years$3,801$3,218$2,711$2,276$1,903$1,214
17 years$3,541$2,963$2,467$2,045$1,687$1,040
18 years$3,309$2,738$2,252$1,843$1,500$893
19 years$3,102$2,538$2,062$1,665$1,337$768
20 years$2,916$2,358$1,892$1,508$1,195$662
21 years$2,748$2,197$1,740$1,369$1,069$571
22 years$2,595$2,050$1,604$1,244$958$494
23 years$2,456$1,918$1,481$1,133$860$427
24 years$2,329$1,797$1,370$1,034$773$369
25 years$2,212$1,686$1,269$944$696$320
26 years$2,104$1,585$1,177$863$627$277
27 years$2,005$1,491$1,093$790$565$241
28 years$1,912$1,405$1,016$724$510$209
29 years$1,826$1,326$945$664$460$181
30 years$1,747$1,252$880$609$416$157
31 years$1,672$1,184$821$559$376$137
32 years$1,602$1,120$766$514$340$119
33 years$1,537$1,061$715$473$308$103
34 years$1,475$1,005$668$435$279$90
35 years$1,417$953$625$400$252$78
36 years$1,363$905$584$369$229$68
37 years$1,311$859$547$340$207$59
38 years$1,263$817$512$313$188$51
39 years$1,217$777$480$289$170$45
40 years$1,173$739$450$266$155$39
41 years$1,132$703$422$246$140$34
42 years$1,092$670$396$227$127$29
43 years$1,055$638$371$209$115$26
44 years$1,019$608$348$193$105$22
45 years$986$580$327$179$95$19
46 years$953$553$307$165$86$17
47 years$922$528$289$152$78$15
48 years$893$504$271$141$71$13
49 years$865$482$255$130$65$11
50 years$838$460$240$120$59$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $858,000, adding $6,541 every year, while hoping to spend $33,601 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: 73/10/17 Blend
53$858,000$858,000$858,000$858,000
54$952,263$906,789$893,490$1,017,588
55$1,013,643$915,471$887,671$1,070,468
56$1,080,157$923,451$880,530$1,123,654
57$1,152,294$930,661$871,989$1,181,040
58$1,230,591$937,026$861,964$1,243,035
59$1,315,638$942,468$850,366$1,310,090
60$1,408,085$946,900$837,105$1,382,704
61$1,508,646$950,235$822,085$1,461,424
62$1,618,108$952,377$805,205$1,546,856
63$1,737,336$953,225$786,361$1,639,668
64$1,867,283$952,671$765,442$1,740,593
65$2,008,994$950,601$742,333$1,850,444
66$2,163,625$946,893$716,915$1,970,114
67$2,332,444$941,420$689,061$2,100,590
68$2,516,849$934,046$658,640$2,242,956
69$2,718,378$924,624$625,514$2,398,413
70$2,938,724$913,002$589,540$2,568,281
71$3,179,752$899,017$550,568$2,754,017
72$3,443,515$882,498$508,441$2,957,227
73$3,732,275$863,261$462,994$3,179,682
74$4,048,519$841,113$414,057$3,423,334
75$4,394,990$815,850$361,450$3,690,336
76$4,774,708$787,255$304,987$3,983,062
77$5,190,996$755,099$244,473$4,304,128
78$5,647,518$719,139$179,703$4,656,419
79$6,148,307$679,119$110,465$5,043,116
80$6,697,806$634,767$36,537$5,467,726
81$7,300,908$585,797$0$5,934,115
82$7,963,005$531,905$0$6,454,229
83$8,690,033$472,770$0$7,032,656
84$9,488,535$408,054$0$7,667,986
85$10,365,716$337,399$0$8,365,980
86$11,329,513$260,426$0$9,132,984
87$12,388,673$176,736$0$9,975,989
88$13,552,828$85,907$0$10,902,702
89$14,832,594$0$0$11,921,615
90$16,239,663$0$0$13,043,460
91$17,786,919$0$0$14,287,513
92$19,488,555$0$0$15,655,739
93$21,360,210$0$0$17,160,717
94$23,419,114$0$0$18,816,308
95$25,684,252$0$0$20,637,783
96$28,176,540$0$0$22,641,967
97$30,919,026$0$0$24,847,402
98$33,937,101$0$0$27,274,513
99$37,258,747$0$0$29,945,808
100$40,914,793$0$0$32,886,089