Can I retire at age 54 with 839,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $839,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.1%
1 years$69,284$68,667$68,065$67,477$66,903$66,593
2 years$34,299$33,660$33,041$32,441$31,859$31,546
3 years$22,639$21,997$21,380$20,785$20,212$19,906
4 years$16,810$16,170$15,559$14,975$14,416$14,119
5 years$13,313$12,678$12,074$11,502$10,959$10,672
6 years$10,983$10,352$9,758$9,198$8,671$8,395
7 years$9,320$8,694$8,109$7,562$7,052$6,786
8 years$8,072$7,452$6,877$6,344$5,850$5,595
9 years$7,103$6,489$5,923$5,404$4,927$4,682
10 years$6,327$5,719$5,164$4,658$4,198$3,963
11 years$5,694$5,092$4,546$4,054$3,610$3,386
12 years$5,166$4,570$4,035$3,556$3,129$2,914
13 years$4,720$4,130$3,605$3,139$2,728$2,524
14 years$4,337$3,754$3,239$2,787$2,392$2,197
15 years$4,006$3,429$2,924$2,485$2,106$1,920
16 years$3,717$3,146$2,651$2,225$1,861$1,685
17 years$3,462$2,898$2,413$1,999$1,650$1,483
18 years$3,236$2,678$2,202$1,802$1,467$1,308
19 years$3,033$2,482$2,016$1,628$1,308$1,157
20 years$2,851$2,306$1,850$1,475$1,168$1,025
21 years$2,687$2,148$1,702$1,338$1,045$910
22 years$2,538$2,005$1,569$1,217$937$809
23 years$2,402$1,875$1,448$1,108$841$721
24 years$2,277$1,757$1,339$1,011$756$642
25 years$2,163$1,649$1,241$923$680$573
26 years$2,058$1,550$1,151$844$613$512
27 years$1,960$1,458$1,068$772$552$458
28 years$1,870$1,374$993$708$498$409
29 years$1,786$1,296$924$649$450$366
30 years$1,708$1,224$861$596$407$328
31 years$1,635$1,157$803$547$368$294
32 years$1,567$1,095$749$503$333$264
33 years$1,503$1,037$699$462$301$237
34 years$1,442$983$653$425$273$212
35 years$1,386$932$611$392$247$190
36 years$1,333$885$571$361$224$171
37 years$1,282$840$535$332$203$154
38 years$1,235$799$501$306$184$138
39 years$1,190$760$469$282$167$124
40 years$1,147$723$440$260$151$111
41 years$1,107$688$412$240$137$100
42 years$1,068$655$387$222$124$90
43 years$1,032$624$363$205$113$81
44 years$997$595$341$189$103$73
45 years$964$567$320$175$93$65
46 years$932$541$300$161$84$59
47 years$902$517$282$149$77$53
48 years$873$493$265$138$70$48
49 years$846$471$249$127$63$43
50 years$819$450$234$118$57$38

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $839,000, adding $5,933 every year, while hoping to spend $54,072 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: 77/6/17 Blend
53$839,000$839,000$839,000$839,000
54$930,698$886,231$873,226$998,402
55$968,097$872,124$844,947$1,029,829
56$1,007,498$855,514$813,909$1,056,922
57$1,049,049$836,220$779,961$1,085,164
58$1,092,910$814,053$742,947$1,114,651
59$1,139,256$788,810$702,705$1,145,492
60$1,188,278$760,279$659,063$1,177,804
61$1,240,183$728,234$611,843$1,211,719
62$1,295,200$692,436$560,858$1,247,382
63$1,353,577$652,632$505,913$1,284,955
64$1,415,586$608,555$446,805$1,324,615
65$1,481,524$559,922$383,321$1,366,560
66$1,551,716$506,435$315,239$1,411,008
67$1,626,519$447,778$242,328$1,458,202
68$1,706,322$383,618$164,344$1,508,408
69$1,791,553$313,601$81,036$1,561,922
70$1,882,680$237,356$0$1,619,074
71$1,980,216$154,490$0$1,681,652
72$2,084,725$64,586$0$1,764,409
73$2,196,822$0$0$1,853,128
74$2,317,187$0$0$1,950,518
75$2,446,562$0$0$2,059,803
76$2,585,763$0$0$2,177,410
77$2,735,687$0$0$2,304,100
78$2,897,317$0$0$2,440,707
79$3,071,736$0$0$2,588,148
80$3,260,130$0$0$2,747,430
81$3,463,805$0$0$2,919,661
82$3,684,197$0$0$3,106,057
83$3,922,881$0$0$3,307,956
84$4,181,592$0$0$3,526,828
85$4,462,237$0$0$3,764,292
86$4,766,913$0$0$4,022,126
87$5,097,926$0$0$4,302,286
88$5,457,813$0$0$4,606,923
89$5,849,365$0$0$4,938,407
90$6,275,653$0$0$5,299,342
91$6,740,057$0$0$5,692,595
92$7,246,295$0$0$6,121,320
93$7,798,460$0$0$6,588,989
94$8,401,057$0$0$7,099,425
95$9,059,044$0$0$7,656,833
96$9,777,880$0$0$8,265,845
97$10,563,574$0$0$8,931,558
98$11,422,741$0$0$9,659,586
99$12,362,666$0$0$10,456,109
100$13,391,371$0$0$11,327,931