Can I retire at age 54 with 859,000?

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 $859,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.4%
1 years$70,935$70,304$69,687$69,085$68,498$67,252
2 years$35,117$34,463$33,829$33,214$32,618$31,368
3 years$23,178$22,522$21,889$21,281$20,694$19,478
4 years$17,211$16,556$15,930$15,331$14,759$13,587
5 years$13,631$12,980$12,362$11,776$11,220$10,094
6 years$11,245$10,599$9,991$9,417$8,878$7,800
7 years$9,542$8,901$8,302$7,743$7,220$6,191
8 years$8,265$7,630$7,041$6,495$5,990$5,008
9 years$7,272$6,643$6,064$5,532$5,044$4,110
10 years$6,478$5,856$5,287$4,769$4,298$3,411
11 years$5,829$5,213$4,655$4,150$3,696$2,855
12 years$5,289$4,679$4,131$3,640$3,203$2,406
13 years$4,832$4,228$3,691$3,214$2,793$2,040
14 years$4,441$3,843$3,316$2,853$2,449$1,737
15 years$4,102$3,511$2,994$2,544$2,156$1,485
16 years$3,806$3,221$2,714$2,278$1,905$1,273
17 years$3,545$2,967$2,470$2,047$1,689$1,095
18 years$3,313$2,741$2,255$1,845$1,502$944
19 years$3,106$2,541$2,064$1,667$1,339$815
20 years$2,919$2,361$1,894$1,510$1,196$705
21 years$2,751$2,199$1,742$1,370$1,070$610
22 years$2,598$2,053$1,606$1,246$959$529
23 years$2,459$1,920$1,483$1,135$861$460
24 years$2,332$1,799$1,371$1,035$774$399
25 years$2,215$1,688$1,270$945$696$347
26 years$2,107$1,587$1,178$864$627$302
27 years$2,007$1,493$1,094$791$566$263
28 years$1,915$1,407$1,017$725$510$229
29 years$1,829$1,327$946$665$461$200
30 years$1,749$1,254$881$610$416$174
31 years$1,674$1,185$822$560$376$152
32 years$1,604$1,121$767$515$341$133
33 years$1,538$1,062$716$473$308$116
34 years$1,477$1,006$669$436$279$101
35 years$1,419$955$625$401$253$88
36 years$1,364$906$585$369$229$77
37 years$1,313$860$548$340$208$67
38 years$1,264$818$513$314$188$59
39 years$1,218$778$480$289$171$51
40 years$1,174$740$450$267$155$45
41 years$1,133$704$422$246$140$39
42 years$1,094$671$396$227$127$34
43 years$1,056$639$372$210$116$30
44 years$1,021$609$349$194$105$26
45 years$987$581$328$179$95$23
46 years$954$554$308$165$87$20
47 years$923$529$289$153$79$17
48 years$894$505$272$141$71$15
49 years$866$482$255$130$65$13
50 years$839$461$240$120$59$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $859,000, adding $5,611 every year, while hoping to spend $40,294 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: 58/20/22 Blend
53$859,000$859,000$859,000$859,000
54$952,406$906,879$893,564$1,001,731
55$1,006,679$908,443$880,626$1,037,521
56$1,065,137$908,734$865,904$1,071,701
57$1,128,165$907,646$849,296$1,108,088
58$1,196,185$905,068$830,694$1,146,903
59$1,269,660$900,881$809,988$1,188,393
60$1,349,102$894,960$787,058$1,232,829
61$1,435,069$887,172$761,784$1,280,516
62$1,528,179$877,376$734,036$1,331,788
63$1,629,107$865,422$703,680$1,387,016
64$1,738,600$851,151$670,577$1,446,610
65$1,857,476$834,396$634,580$1,511,027
66$1,986,635$814,978$595,535$1,580,770
67$2,127,069$792,709$553,283$1,656,396
68$2,279,868$767,390$507,656$1,738,522
69$2,446,231$738,809$458,479$1,827,831
70$2,627,479$706,742$405,570$1,925,079
71$2,825,063$670,954$348,738$2,031,101
72$3,040,583$631,195$287,784$2,146,821
73$3,275,797$587,198$222,500$2,273,262
74$3,532,644$538,686$152,669$2,411,553
75$3,813,254$485,363$78,064$2,562,943
76$4,119,976$426,915$0$2,728,814
77$4,455,393$363,013$0$2,911,057
78$4,822,350$293,308$0$3,130,574
79$5,223,981$217,432$0$3,370,946
80$5,663,736$134,994$0$3,634,295
81$6,145,413$45,585$0$3,922,962
82$6,673,197$0$0$4,239,532
83$7,251,694$0$0$4,598,126
84$7,885,980$0$0$5,002,375
85$8,581,643$0$0$5,445,817
86$9,344,840$0$0$5,932,387
87$10,182,351$0$0$6,466,416
88$11,101,644$0$0$7,052,676
89$12,110,948$0$0$7,696,427
90$13,219,323$0$0$8,403,457
91$14,436,754$0$0$9,180,148
92$15,774,239$0$0$10,033,526
93$17,243,893$0$0$10,971,335
94$18,859,062$0$0$12,002,103
95$20,634,453$0$0$13,135,228
96$22,586,263$0$0$14,381,062
97$24,732,342$0$0$15,751,012
98$27,092,353$0$0$17,257,644
99$29,687,960$0$0$18,914,803
100$32,543,033$0$0$20,737,744