Can I retire at age 54 with 861,000?

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 $861,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.5%
1 years$71,101$70,467$69,849$69,246$68,657$68,225
2 years$35,198$34,543$33,907$33,291$32,694$32,258
3 years$23,232$22,574$21,940$21,330$20,742$20,316
4 years$17,251$16,594$15,967$15,367$14,794$14,380
5 years$13,663$13,010$12,391$11,803$11,246$10,846
6 years$11,271$10,624$10,014$9,439$8,898$8,514
7 years$9,564$8,922$8,322$7,761$7,237$6,867
8 years$8,284$7,648$7,057$6,510$6,004$5,649
9 years$7,289$6,659$6,078$5,545$5,056$4,716
10 years$6,493$5,869$5,299$4,780$4,308$3,983
11 years$5,843$5,225$4,665$4,160$3,705$3,394
12 years$5,301$4,690$4,140$3,649$3,211$2,914
13 years$4,843$4,238$3,699$3,221$2,800$2,517
14 years$4,451$3,852$3,324$2,860$2,454$2,185
15 years$4,111$3,519$3,001$2,550$2,161$1,905
16 years$3,815$3,229$2,721$2,284$1,910$1,667
17 years$3,553$2,974$2,476$2,052$1,693$1,463
18 years$3,321$2,748$2,260$1,849$1,506$1,287
19 years$3,113$2,547$2,069$1,671$1,342$1,135
20 years$2,926$2,366$1,899$1,513$1,199$1,003
21 years$2,758$2,204$1,747$1,373$1,073$888
22 years$2,605$2,058$1,610$1,249$962$787
23 years$2,465$1,924$1,486$1,137$863$699
24 years$2,337$1,803$1,375$1,037$776$621
25 years$2,220$1,692$1,273$947$698$552
26 years$2,112$1,590$1,181$866$629$492
27 years$2,012$1,497$1,096$793$567$438
28 years$1,919$1,410$1,019$726$512$391
29 years$1,833$1,330$949$666$462$349
30 years$1,753$1,256$884$611$417$311
31 years$1,678$1,188$824$561$377$278
32 years$1,608$1,124$769$516$341$249
33 years$1,542$1,064$718$474$309$222
34 years$1,480$1,009$670$437$280$199
35 years$1,422$957$627$402$253$178
36 years$1,367$908$586$370$230$159
37 years$1,316$862$549$341$208$142
38 years$1,267$820$514$314$189$127
39 years$1,221$779$482$290$171$114
40 years$1,177$742$451$267$155$102
41 years$1,136$706$423$247$141$91
42 years$1,096$672$397$228$128$82
43 years$1,059$641$373$210$116$73
44 years$1,023$611$350$194$105$66
45 years$989$582$328$179$96$59
46 years$957$555$308$165$87$53
47 years$926$530$290$153$79$47
48 years$896$506$272$141$72$42
49 years$868$483$256$131$65$38
50 years$841$462$241$121$59$34

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $861,000, adding $4,404 every year, while hoping to spend $55,648 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: 57/16/27 Blend
53$861,000$861,000$861,000$861,000
54$953,365$907,732$894,386$1,000,433
55$991,399$893,002$865,139$1,018,474
56$1,031,447$875,684$833,047$1,031,908
57$1,073,657$855,595$797,956$1,045,402
58$1,118,188$832,537$759,705$1,058,979
59$1,165,214$806,302$718,126$1,072,665
60$1,214,925$776,670$673,043$1,086,495
61$1,267,528$743,408$624,271$1,100,509
62$1,323,251$706,270$571,619$1,114,754
63$1,382,340$664,994$514,885$1,129,285
64$1,445,066$619,306$453,861$1,144,168
65$1,511,724$568,914$388,327$1,159,479
66$1,582,638$513,509$318,054$1,175,305
67$1,658,162$452,766$242,804$1,191,748
68$1,738,684$386,340$162,327$1,208,925
69$1,824,627$313,869$76,363$1,226,967
70$1,916,457$234,967$0$1,246,027
71$2,014,685$149,229$0$1,270,709
72$2,119,868$56,226$0$1,320,544
73$2,232,620$0$0$1,373,819
74$2,353,613$0$0$1,438,708
75$2,483,585$0$0$1,519,099
76$2,623,346$0$0$1,605,599
77$2,773,786$0$0$1,698,766
78$2,935,880$0$0$1,799,211
79$3,110,702$0$0$1,907,609
80$3,299,430$0$0$2,024,696
81$3,503,359$0$0$2,151,286
82$3,723,910$0$0$2,288,270
83$3,962,649$0$0$2,436,629
84$4,221,295$0$0$2,597,442
85$4,501,738$0$0$2,771,895
86$4,806,057$0$0$2,961,291
87$5,136,538$0$0$3,167,066
88$5,495,697$0$0$3,390,797
89$5,886,300$0$0$3,634,220
90$6,311,391$0$0$3,899,246
91$6,774,319$0$0$4,187,976
92$7,278,769$0$0$4,502,723
93$7,828,798$0$0$4,846,033
94$8,428,868$0$0$5,220,707
95$9,083,894$0$0$5,629,830
96$9,799,284$0$0$6,076,798
97$10,580,992$0$0$6,565,346
98$11,435,573$0$0$7,099,591
99$12,370,243$0$0$7,684,063
100$13,392,950$0$0$8,323,751