Can I retire at age 54 with 863,000?

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 $863,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.4%
1 years$71,266$70,631$70,012$69,407$68,817$67,844
2 years$35,280$34,623$33,986$33,369$32,770$31,792
3 years$23,286$22,627$21,991$21,380$20,791$19,838
4 years$17,291$16,633$16,004$15,403$14,828$13,908
5 years$13,694$13,040$12,420$11,831$11,272$10,387
6 years$11,297$10,648$10,037$9,461$8,919$8,070
7 years$9,586$8,943$8,341$7,779$7,254$6,441
8 years$8,303$7,665$7,074$6,525$6,018$5,241
9 years$7,306$6,674$6,093$5,558$5,068$4,327
10 years$6,508$5,883$5,312$4,791$4,318$3,612
11 years$5,856$5,237$4,676$4,170$3,714$3,043
12 years$5,314$4,701$4,150$3,657$3,218$2,581
13 years$4,855$4,248$3,708$3,229$2,806$2,202
14 years$4,461$3,861$3,331$2,866$2,460$1,888
15 years$4,121$3,527$3,008$2,556$2,166$1,625
16 years$3,823$3,236$2,727$2,289$1,914$1,403
17 years$3,561$2,981$2,482$2,056$1,697$1,215
18 years$3,328$2,754$2,265$1,853$1,509$1,055
19 years$3,120$2,553$2,074$1,675$1,345$918
20 years$2,933$2,372$1,903$1,517$1,202$800
21 years$2,764$2,209$1,751$1,376$1,075$698
22 years$2,611$2,062$1,613$1,252$964$610
23 years$2,471$1,929$1,490$1,140$865$534
24 years$2,343$1,807$1,378$1,040$778$467
25 years$2,225$1,696$1,276$949$700$410
26 years$2,117$1,594$1,184$868$630$359
27 years$2,016$1,500$1,099$795$568$315
28 years$1,923$1,414$1,022$728$513$277
29 years$1,837$1,334$951$668$463$243
30 years$1,757$1,259$886$613$418$214
31 years$1,682$1,191$826$563$378$188
32 years$1,611$1,126$770$517$342$166
33 years$1,546$1,067$719$476$310$146
34 years$1,484$1,011$672$438$280$128
35 years$1,425$959$628$403$254$113
36 years$1,371$910$588$371$230$99
37 years$1,319$864$550$342$209$88
38 years$1,270$822$515$315$189$77
39 years$1,224$781$483$290$171$68
40 years$1,180$743$452$268$155$60
41 years$1,138$708$424$247$141$53
42 years$1,099$674$398$228$128$46
43 years$1,061$642$373$211$116$41
44 years$1,025$612$350$194$105$36
45 years$991$584$329$180$96$32
46 years$959$557$309$166$87$28
47 years$928$531$290$153$79$25
48 years$898$507$273$142$72$22
49 years$870$484$256$131$65$19
50 years$843$463$241$121$59$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $863,000, adding $5,008 every year, while hoping to spend $50,728 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: 80/8/12 Blend
53$863,000$863,000$863,000$863,000
54$956,192$910,453$897,076$1,030,177
55$999,749$901,091$873,154$1,070,120
56$1,046,049$889,570$846,730$1,106,846
57$1,095,318$875,731$817,668$1,145,673
58$1,147,803$859,404$785,822$1,186,786
59$1,203,776$840,412$751,044$1,230,392
60$1,263,534$818,564$713,177$1,276,717
61$1,327,401$793,661$672,055$1,326,010
62$1,395,735$765,489$627,508$1,378,548
63$1,468,926$733,824$579,355$1,434,633
64$1,547,404$698,429$527,411$1,494,602
65$1,631,639$659,052$471,480$1,558,824
66$1,722,147$615,427$411,356$1,627,706
67$1,819,497$567,273$346,826$1,701,699
68$1,924,309$514,293$277,668$1,781,299
69$2,037,267$456,172$203,649$1,867,053
70$2,159,122$392,579$124,525$1,959,567
71$2,290,700$323,162$40,044$2,059,505
72$2,432,905$247,551$0$2,167,603
73$2,586,735$165,355$0$2,291,090
74$2,753,285$76,160$0$2,430,332
75$2,933,758$0$0$2,581,222
76$3,129,477$0$0$2,746,690
77$3,341,899$0$0$2,933,575
78$3,572,624$0$0$3,136,584
79$3,823,414$0$0$3,357,269
80$4,096,205$0$0$3,597,338
81$4,393,129$0$0$3,858,669
82$4,716,531$0$0$4,143,330
83$5,068,992$0$0$4,453,595
84$5,453,353$0$0$4,791,967
85$5,872,739$0$0$5,161,203
86$6,330,592$0$0$5,564,336
87$6,830,699$0$0$6,004,704
88$7,377,230$0$0$6,485,982
89$7,974,776$0$0$7,012,218
90$8,628,391$0$0$7,587,868
91$9,343,641$0$0$8,217,836
92$10,126,653$0$0$8,907,525
93$10,984,177$0$0$9,662,884
94$11,923,643$0$0$10,490,463
95$12,953,236$0$0$11,397,477
96$14,081,969$0$0$12,391,872
97$15,319,769$0$0$13,482,398
98$16,677,569$0$0$14,678,695
99$18,167,414$0$0$15,991,378
100$19,802,568$0$0$17,432,142