Can I retire at age 54 with 866,000?

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 $866,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.9%
1 years$71,513$70,876$70,255$69,648$69,056$67,115
2 years$35,403$34,743$34,104$33,485$32,884$30,943
3 years$23,367$22,705$22,068$21,454$20,863$18,983
4 years$17,351$16,691$16,060$15,456$14,880$13,075
5 years$13,742$13,086$12,463$11,872$11,311$9,587
6 years$11,337$10,685$10,072$9,494$8,950$7,308
7 years$9,619$8,974$8,370$7,806$7,279$5,719
8 years$8,332$7,692$7,098$6,548$6,039$4,560
9 years$7,331$6,697$6,114$5,577$5,085$3,686
10 years$6,531$5,903$5,330$4,808$4,333$3,012
11 years$5,877$5,255$4,693$4,184$3,726$2,481
12 years$5,332$4,717$4,165$3,670$3,229$2,057
13 years$4,871$4,263$3,721$3,240$2,816$1,715
14 years$4,477$3,875$3,343$2,876$2,468$1,436
15 years$4,135$3,540$3,018$2,565$2,173$1,206
16 years$3,837$3,248$2,737$2,297$1,921$1,016
17 years$3,574$2,991$2,490$2,064$1,703$858
18 years$3,340$2,764$2,273$1,860$1,514$726
19 years$3,131$2,561$2,081$1,680$1,350$615
20 years$2,943$2,380$1,910$1,522$1,206$522
21 years$2,774$2,217$1,757$1,381$1,079$444
22 years$2,620$2,070$1,619$1,256$967$378
23 years$2,479$1,936$1,495$1,144$868$321
24 years$2,351$1,814$1,383$1,043$780$274
25 years$2,233$1,702$1,281$953$702$233
26 years$2,124$1,599$1,188$871$632$199
27 years$2,023$1,505$1,103$797$570$170
28 years$1,930$1,418$1,025$731$515$145
29 years$1,843$1,338$954$670$465$124
30 years$1,763$1,264$889$615$420$106
31 years$1,687$1,195$828$565$380$90
32 years$1,617$1,130$773$519$343$77
33 years$1,551$1,070$722$477$311$66
34 years$1,489$1,015$674$439$281$56
35 years$1,430$962$630$404$255$48
36 years$1,375$913$590$372$231$41
37 years$1,323$867$552$343$209$35
38 years$1,274$824$517$316$190$30
39 years$1,228$784$484$291$172$26
40 years$1,184$746$454$269$156$22
41 years$1,142$710$426$248$142$19
42 years$1,103$676$399$229$128$16
43 years$1,065$644$375$211$117$14
44 years$1,029$614$352$195$106$12
45 years$995$586$330$180$96$10
46 years$962$559$310$166$87$9
47 years$931$533$291$154$79$7
48 years$901$509$274$142$72$6
49 years$873$486$257$131$65$5
50 years$846$464$242$121$59$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $866,000, adding $5,971 every year, while hoping to spend $49,416 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: 69/26/5 Blend
53$866,000$866,000$866,000$866,000
54$960,491$914,593$901,170$1,025,830
55$1,005,883$906,830$878,781$1,062,051
56$1,054,249$897,030$853,986$1,095,014
57$1,105,839$885,042$826,651$1,129,705
58$1,160,930$870,704$796,639$1,166,283
59$1,219,822$853,845$763,804$1,204,923
60$1,282,846$834,286$727,994$1,245,819
61$1,350,364$811,834$689,050$1,289,187
62$1,422,775$786,288$646,806$1,335,265
63$1,500,513$757,431$601,090$1,384,317
64$1,584,059$725,038$551,719$1,436,637
65$1,673,936$688,869$498,505$1,492,549
66$1,770,722$648,668$441,250$1,552,412
67$1,875,051$604,168$379,747$1,616,625
68$1,987,619$555,085$313,781$1,685,627
69$2,109,190$501,118$243,127$1,759,907
70$2,240,605$441,950$167,548$1,840,006
71$2,382,786$377,245$86,801$1,926,521
72$2,536,750$306,650$628$2,020,115
73$2,703,611$229,789$0$2,121,522
74$2,884,599$146,267$0$2,236,423
75$3,081,061$55,668$0$2,361,198
76$3,294,483$0$0$2,496,821
77$3,526,497$0$0$2,656,552
78$3,778,901$0$0$2,847,689
79$4,053,669$0$0$3,055,808
80$4,352,977$0$0$3,282,560
81$4,679,218$0$0$3,529,766
82$5,035,027$0$0$3,799,427
83$5,423,302$0$0$4,093,746
84$5,847,233$0$0$4,415,150
85$6,310,335$0$0$4,766,307
86$6,816,473$0$0$5,150,158
87$7,369,906$0$0$5,569,940
88$7,975,321$0$0$6,029,214
89$8,637,879$0$0$6,531,906
90$9,363,264$0$0$7,082,335
91$10,157,734$0$0$7,685,259
92$11,028,182$0$0$8,345,919
93$11,982,198$0$0$9,070,083
94$13,028,142$0$0$9,864,108
95$14,175,220$0$0$10,734,993
96$15,433,574$0$0$11,690,448
97$16,814,373$0$0$12,738,964
98$18,329,921$0$0$13,889,896
99$19,993,769$0$0$15,153,548
100$21,820,848$0$0$16,541,268