Can I retire at age 54 with 860,000?

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 $860,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.4%
1 years$71,018$70,385$69,768$69,166$68,578$66,784
2 years$35,157$34,503$33,868$33,253$32,656$30,862
3 years$23,205$22,548$21,915$21,305$20,718$18,979
4 years$17,231$16,575$15,948$15,349$14,776$13,105
5 years$13,647$12,995$12,377$11,790$11,233$9,635
6 years$11,258$10,611$10,002$9,428$8,888$7,364
7 years$9,553$8,911$8,312$7,752$7,228$5,779
8 years$8,274$7,639$7,049$6,503$5,997$4,621
9 years$7,280$6,651$6,071$5,539$5,050$3,748
10 years$6,486$5,862$5,293$4,774$4,303$3,071
11 years$5,836$5,219$4,660$4,155$3,701$2,538
12 years$5,295$4,684$4,136$3,645$3,207$2,112
13 years$4,838$4,233$3,695$3,218$2,796$1,766
14 years$4,446$3,848$3,320$2,856$2,451$1,484
15 years$4,107$3,515$2,997$2,547$2,158$1,251
16 years$3,810$3,225$2,718$2,281$1,908$1,058
17 years$3,549$2,970$2,473$2,049$1,691$896
18 years$3,317$2,745$2,257$1,847$1,504$761
19 years$3,109$2,544$2,067$1,669$1,340$648
20 years$2,923$2,364$1,897$1,511$1,197$552
21 years$2,754$2,202$1,745$1,372$1,071$471
22 years$2,601$2,055$1,608$1,247$960$402
23 years$2,462$1,922$1,485$1,136$862$344
24 years$2,334$1,801$1,373$1,036$775$294
25 years$2,217$1,690$1,272$946$697$252
26 years$2,109$1,588$1,179$865$628$215
27 years$2,009$1,495$1,095$792$566$185
28 years$1,917$1,409$1,018$725$511$158
29 years$1,831$1,329$947$665$461$136
30 years$1,751$1,255$882$611$417$116
31 years$1,676$1,186$823$561$377$100
32 years$1,606$1,123$768$515$341$86
33 years$1,540$1,063$717$474$309$73
34 years$1,479$1,008$670$436$279$63
35 years$1,421$956$626$401$253$54
36 years$1,366$907$586$370$229$46
37 years$1,314$861$548$341$208$40
38 years$1,266$819$513$314$188$34
39 years$1,219$779$481$289$171$29
40 years$1,176$741$451$267$155$25
41 years$1,134$705$423$246$141$22
42 years$1,095$671$397$227$128$19
43 years$1,057$640$372$210$116$16
44 years$1,022$610$349$194$105$14
45 years$988$582$328$179$95$12
46 years$955$555$308$165$87$10
47 years$925$529$289$153$79$9
48 years$895$505$272$141$71$7
49 years$867$483$256$130$65$6
50 years$840$461$240$121$59$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $860,000, adding $5,673 every year, while hoping to spend $23,344 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: 31/41/28 Blend
53$860,000$860,000$860,000$860,000
54$953,572$907,992$894,662$974,817
55$1,025,998$927,645$899,795$1,011,373
56$1,105,030$947,480$904,318$1,048,259
57$1,191,316$967,479$908,185$1,087,505
58$1,285,570$987,626$911,350$1,129,336
59$1,388,580$1,007,901$913,762$1,173,997
60$1,501,211$1,028,284$915,369$1,221,760
61$1,624,416$1,048,752$916,116$1,272,924
62$1,759,247$1,069,281$915,945$1,327,822
63$1,906,858$1,089,843$914,797$1,386,820
64$2,068,522$1,110,411$912,608$1,450,322
65$2,245,642$1,130,952$909,311$1,518,773
66$2,439,761$1,151,432$904,837$1,592,667
67$2,652,580$1,171,816$899,112$1,672,547
68$2,885,972$1,192,063$892,061$1,759,015
69$3,141,998$1,212,131$883,602$1,852,734
70$3,422,932$1,231,975$873,652$1,954,436
71$3,731,274$1,251,545$862,123$2,064,928
72$4,069,783$1,270,790$848,923$2,185,105
73$4,441,494$1,289,651$833,955$2,315,951
74$4,849,752$1,308,070$817,118$2,458,553
75$5,298,242$1,325,981$798,306$2,614,112
76$5,791,023$1,343,314$777,410$2,783,952
77$6,332,567$1,359,996$754,313$2,969,537
78$6,927,800$1,375,948$728,895$3,172,481
79$7,582,151$1,391,085$701,028$3,394,564
80$8,301,599$1,405,316$670,580$3,637,752
81$9,092,731$1,418,546$637,414$3,904,215
82$9,962,807$1,430,672$601,385$4,196,346
83$10,919,823$1,441,584$562,340$4,516,787
84$11,972,590$1,451,167$520,124$4,868,452
85$13,130,816$1,459,296$474,570$5,254,556
86$14,405,197$1,465,839$425,506$5,678,648
87$15,807,519$1,470,657$372,752$6,144,640
88$17,350,766$1,473,600$316,120$6,656,851
89$19,049,248$1,474,510$255,413$7,220,043
90$20,918,729$1,473,219$190,428$7,839,471
91$22,976,581$1,469,548$120,948$8,520,931
92$25,241,943$1,463,307$46,751$9,270,816
93$27,735,908$1,454,296$0$10,096,175
94$30,481,715$1,442,301$0$11,014,476
95$33,504,972$1,427,095$0$12,040,143
96$36,833,896$1,408,440$0$13,168,729
97$40,499,580$1,386,079$0$14,410,746
98$44,536,285$1,359,745$0$15,777,782
99$48,981,765$1,329,152$0$17,282,611
100$53,877,621$1,293,997$0$18,939,314