Can I retire at age 54 with 839,000?

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 $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%18.8%
1 years$69,284$68,667$68,065$67,477$66,903$64,529
2 years$34,299$33,660$33,041$32,441$31,859$29,492
3 years$22,639$21,997$21,380$20,785$20,212$17,928
4 years$16,810$16,170$15,559$14,975$14,416$12,231
5 years$13,313$12,678$12,074$11,502$10,959$8,879
6 years$10,983$10,352$9,758$9,198$8,671$6,698
7 years$9,320$8,694$8,109$7,562$7,052$5,185
8 years$8,072$7,452$6,877$6,344$5,850$4,088
9 years$7,103$6,489$5,923$5,404$4,927$3,267
10 years$6,327$5,719$5,164$4,658$4,198$2,637
11 years$5,694$5,092$4,546$4,054$3,610$2,146
12 years$5,166$4,570$4,035$3,556$3,129$1,757
13 years$4,720$4,130$3,605$3,139$2,728$1,446
14 years$4,337$3,754$3,239$2,787$2,392$1,195
15 years$4,006$3,429$2,924$2,485$2,106$990
16 years$3,717$3,146$2,651$2,225$1,861$823
17 years$3,462$2,898$2,413$1,999$1,650$685
18 years$3,236$2,678$2,202$1,802$1,467$572
19 years$3,033$2,482$2,016$1,628$1,308$478
20 years$2,851$2,306$1,850$1,475$1,168$400
21 years$2,687$2,148$1,702$1,338$1,045$335
22 years$2,538$2,005$1,569$1,217$937$280
23 years$2,402$1,875$1,448$1,108$841$235
24 years$2,277$1,757$1,339$1,011$756$197
25 years$2,163$1,649$1,241$923$680$166
26 years$2,058$1,550$1,151$844$613$139
27 years$1,960$1,458$1,068$772$552$117
28 years$1,870$1,374$993$708$498$98
29 years$1,786$1,296$924$649$450$83
30 years$1,708$1,224$861$596$407$69
31 years$1,635$1,157$803$547$368$58
32 years$1,567$1,095$749$503$333$49
33 years$1,503$1,037$699$462$301$41
34 years$1,442$983$653$425$273$35
35 years$1,386$932$611$392$247$29
36 years$1,333$885$571$361$224$25
37 years$1,282$840$535$332$203$21
38 years$1,235$799$501$306$184$17
39 years$1,190$760$469$282$167$15
40 years$1,147$723$440$260$151$12
41 years$1,107$688$412$240$137$10
42 years$1,068$655$387$222$124$9
43 years$1,032$624$363$205$113$7
44 years$997$595$341$189$103$6
45 years$964$567$320$175$93$5
46 years$932$541$300$161$84$4
47 years$902$517$282$149$77$4
48 years$873$493$265$138$70$3
49 years$846$471$249$127$63$3
50 years$819$450$234$118$57$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $839,000, adding $4,449 every year, while hoping to spend $59,876 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: 68/22/10 Blend
53$839,000$839,000$839,000$839,000
54$929,167$884,700$871,696$990,158
55$960,235$864,343$837,190$1,010,877
56$992,464$840,981$799,521$1,025,912
57$1,025,911$814,405$758,521$1,040,778
58$1,060,634$784,391$714,012$1,055,450
59$1,096,697$750,704$665,809$1,069,901
60$1,134,166$713,095$613,720$1,084,106
61$1,173,114$671,299$557,542$1,098,036
62$1,213,617$625,038$497,065$1,111,663
63$1,255,758$574,017$432,069$1,124,958
64$1,299,625$517,924$362,323$1,137,892
65$1,345,314$456,430$287,588$1,150,435
66$1,392,927$389,186$207,613$1,162,559
67$1,442,574$315,824$122,137$1,174,233
68$1,494,373$235,956$30,885$1,185,429
69$1,548,452$149,171$0$1,196,119
70$1,604,949$55,035$0$1,213,371
71$1,664,014$0$0$1,234,042
72$1,725,807$0$0$1,266,198
73$1,790,503$0$0$1,313,826
74$1,858,291$0$0$1,363,744
75$1,929,375$0$0$1,416,105
76$2,003,979$0$0$1,471,075
77$2,082,343$0$0$1,528,833
78$2,164,730$0$0$1,589,576
79$2,251,425$0$0$1,653,515
80$2,342,738$0$0$1,720,883
81$2,439,008$0$0$1,791,932
82$2,540,603$0$0$1,866,936
83$2,647,924$0$0$1,946,196
84$2,761,410$0$0$2,030,039
85$2,881,538$0$0$2,118,822
86$3,008,831$0$0$2,212,935
87$3,143,859$0$0$2,312,804
88$3,287,247$0$0$2,418,896
89$3,439,675$0$0$2,531,720
90$3,601,890$0$0$2,651,834
91$3,774,709$0$0$2,779,848
92$3,959,027$0$0$2,916,432
93$4,155,823$0$0$3,062,319
94$4,366,171$0$0$3,218,311
95$4,591,248$0$0$3,385,288
96$4,832,344$0$0$3,564,217
97$5,090,875$0$0$3,756,156
98$5,368,393$0$0$3,962,266
99$5,666,603$0$0$4,183,824
100$5,987,375$0$0$4,422,229