Can I retire at age 54 with 862,000?

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 $862,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.4%
1 years$71,183$70,549$69,930$69,327$68,737$66,404
2 years$35,239$34,583$33,947$33,330$32,732$30,405
3 years$23,259$22,600$21,966$21,355$20,766$18,518
4 years$17,271$16,614$15,986$15,385$14,811$12,659
5 years$13,678$13,025$12,405$11,817$11,259$9,209
6 years$11,284$10,636$10,025$9,450$8,909$6,962
7 years$9,575$8,932$8,331$7,770$7,245$5,402
8 years$8,294$7,657$7,065$6,518$6,011$4,269
9 years$7,297$6,666$6,086$5,552$5,062$3,420
10 years$6,501$5,876$5,305$4,786$4,313$2,768
11 years$5,850$5,231$4,671$4,165$3,709$2,258
12 years$5,307$4,695$4,145$3,653$3,214$1,854
13 years$4,849$4,243$3,704$3,225$2,803$1,530
14 years$4,456$3,857$3,328$2,863$2,457$1,268
15 years$4,116$3,523$3,004$2,553$2,163$1,054
16 years$3,819$3,233$2,724$2,286$1,912$878
17 years$3,557$2,977$2,479$2,054$1,695$733
18 years$3,324$2,751$2,263$1,851$1,507$614
19 years$3,117$2,550$2,071$1,673$1,344$514
20 years$2,930$2,369$1,901$1,515$1,200$432
21 years$2,761$2,207$1,749$1,375$1,074$363
22 years$2,608$2,060$1,612$1,250$963$305
23 years$2,468$1,927$1,488$1,138$864$256
24 years$2,340$1,805$1,376$1,038$777$216
25 years$2,222$1,694$1,275$948$699$182
26 years$2,114$1,592$1,182$867$630$153
27 years$2,014$1,498$1,098$794$568$129
28 years$1,921$1,412$1,020$727$512$109
29 years$1,835$1,332$950$667$462$92
30 years$1,755$1,258$885$612$418$77
31 years$1,680$1,189$825$562$378$65
32 years$1,609$1,125$769$517$342$55
33 years$1,544$1,066$718$475$309$47
34 years$1,482$1,010$671$437$280$39
35 years$1,424$958$628$402$254$33
36 years$1,369$909$587$371$230$28
37 years$1,317$863$549$341$208$24
38 years$1,269$821$515$315$189$20
39 years$1,222$780$482$290$171$17
40 years$1,178$742$452$268$155$14
41 years$1,137$707$424$247$141$12
42 years$1,097$673$397$228$128$10
43 years$1,060$641$373$210$116$9
44 years$1,024$611$350$194$105$7
45 years$990$583$329$179$96$6
46 years$958$556$309$166$87$5
47 years$927$531$290$153$79$4
48 years$897$507$273$141$72$4
49 years$869$484$256$131$65$3
50 years$842$462$241$121$59$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $862,000, adding $5,724 every year, while hoping to spend $57,730 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: 55/26/19 Blend
53$862,000$862,000$862,000$862,000
54$955,828$910,142$896,781$1,003,212
55$991,899$893,315$865,399$1,019,386
56$1,029,713$873,728$831,031$1,030,360
57$1,069,389$851,186$793,516$1,041,043
58$1,111,053$825,481$752,685$1,051,421
59$1,154,843$796,392$708,362$1,061,485
60$1,200,909$763,688$660,365$1,071,226
61$1,249,415$727,121$608,500$1,080,638
62$1,300,538$686,433$552,567$1,089,718
63$1,354,471$641,346$492,357$1,098,468
64$1,411,426$591,571$427,649$1,106,892
65$1,471,632$536,799$358,217$1,115,003
66$1,535,341$476,704$283,819$1,122,816
67$1,602,827$410,944$204,208$1,130,356
68$1,674,389$339,153$119,123$1,137,653
69$1,750,355$260,950$28,291$1,144,748
70$1,831,082$175,928$0$1,151,692
71$1,916,962$83,658$0$1,172,464
72$2,008,424$0$0$1,200,249
73$2,105,938$0$0$1,234,125
74$2,210,016$0$0$1,295,875
75$2,321,222$0$0$1,361,903
76$2,440,174$0$0$1,432,583
77$2,567,547$0$0$1,508,322
78$2,704,084$0$0$1,589,569
79$2,850,600$0$0$1,676,817
80$3,007,987$0$0$1,770,605
81$3,177,227$0$0$1,871,526
82$3,359,395$0$0$1,980,232
83$3,555,675$0$0$2,097,436
84$3,767,364$0$0$2,223,924
85$3,995,889$0$0$2,360,560
86$4,242,817$0$0$2,508,291
87$4,509,872$0$0$2,668,159
88$4,798,947$0$0$2,841,311
89$5,112,122$0$0$3,029,006
90$5,451,688$0$0$3,232,629
91$5,820,160$0$0$3,453,704
92$6,220,307$0$0$3,693,905
93$6,655,174$0$0$3,955,077
94$7,128,109$0$0$4,239,246
95$7,642,799$0$0$4,548,645
96$8,203,296$0$0$4,885,727
97$8,814,064$0$0$5,253,195
98$9,480,012$0$0$5,654,023
99$10,206,545$0$0$6,091,482
100$10,999,610$0$0$6,569,176