Can I retire at age 54 with 840,000?

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 $840,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.9%
1 years$69,366$68,749$68,146$67,557$66,983$66,449
2 years$34,340$33,700$33,080$32,479$31,897$31,359
3 years$22,666$22,023$21,405$20,810$20,236$19,711
4 years$16,830$16,190$15,578$14,992$14,433$13,924
5 years$13,329$12,693$12,089$11,516$10,972$10,481
6 years$10,996$10,365$9,770$9,209$8,681$8,209
7 years$9,331$8,704$8,119$7,571$7,060$6,607
8 years$8,082$7,461$6,885$6,351$5,857$5,422
9 years$7,111$6,496$5,930$5,410$4,933$4,516
10 years$6,335$5,726$5,170$4,663$4,203$3,805
11 years$5,700$5,098$4,552$4,059$3,615$3,235
12 years$5,172$4,575$4,039$3,560$3,132$2,770
13 years$4,725$4,135$3,609$3,143$2,731$2,387
14 years$4,342$3,758$3,243$2,790$2,394$2,067
15 years$4,011$3,433$2,928$2,488$2,108$1,797
16 years$3,722$3,150$2,654$2,228$1,863$1,568
17 years$3,466$2,901$2,415$2,002$1,652$1,372
18 years$3,240$2,681$2,205$1,804$1,469$1,204
19 years$3,037$2,484$2,019$1,630$1,309$1,059
20 years$2,855$2,309$1,853$1,476$1,169$933
21 years$2,690$2,150$1,704$1,340$1,047$823
22 years$2,541$2,007$1,570$1,218$938$728
23 years$2,405$1,877$1,450$1,109$842$644
24 years$2,280$1,759$1,341$1,012$757$571
25 years$2,166$1,651$1,242$924$681$506
26 years$2,060$1,551$1,152$845$613$449
27 years$1,963$1,460$1,070$773$553$399
28 years$1,872$1,376$994$709$499$355
29 years$1,788$1,298$925$650$451$315
30 years$1,710$1,226$862$596$407$281
31 years$1,637$1,159$804$548$368$250
32 years$1,568$1,096$750$503$333$223
33 years$1,504$1,038$700$463$301$198
34 years$1,444$984$654$426$273$177
35 years$1,387$933$612$392$247$158
36 years$1,334$886$572$361$224$141
37 years$1,284$841$535$333$203$125
38 years$1,236$800$501$307$184$112
39 years$1,191$760$470$283$167$100
40 years$1,148$723$440$261$151$89
41 years$1,108$689$413$241$137$79
42 years$1,069$656$387$222$125$71
43 years$1,033$625$363$205$113$63
44 years$998$596$341$189$103$57
45 years$965$568$320$175$93$51
46 years$933$542$301$161$85$45
47 years$903$517$283$149$77$40
48 years$874$494$266$138$70$36
49 years$847$471$250$127$63$32
50 years$820$450$235$118$58$29

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $840,000, adding $2,902 every year, while hoping to spend $43,781 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: 34/45/21 Blend
53$840,000$840,000$840,000$840,000
54$928,673$884,153$871,133$954,196
55$976,815$880,894$853,734$970,080
56$1,028,401$876,008$834,284$982,973
57$1,083,734$869,369$812,669$995,977
58$1,143,150$860,843$788,768$1,009,127
59$1,207,016$850,289$762,457$1,022,466
60$1,275,735$837,557$733,603$1,036,047
61$1,349,750$822,487$702,068$1,049,931
62$1,429,547$804,912$667,710$1,064,189
63$1,515,661$784,652$630,378$1,078,904
64$1,608,677$761,519$589,915$1,094,173
65$1,709,241$735,313$546,156$1,110,108
66$1,818,062$705,821$498,931$1,126,838
67$1,935,919$672,821$448,059$1,144,509
68$2,063,668$636,074$393,354$1,163,291
69$2,202,251$595,331$334,621$1,183,375
70$2,352,705$550,326$271,655$1,204,982
71$2,516,169$500,780$204,243$1,228,358
72$2,693,895$446,396$132,163$1,253,786
73$2,887,264$386,860$55,181$1,281,585
74$3,097,792$321,844$0$1,312,114
75$3,327,148$250,996$0$1,351,823
76$3,577,171$173,948$0$1,408,712
77$3,849,881$90,310$0$1,470,979
78$4,147,505$0$0$1,539,262
79$4,472,492$0$0$1,614,435
80$4,827,539$0$0$1,745,533
81$5,215,614$0$0$1,888,944
82$5,639,987$0$0$2,045,893
83$6,104,255$0$0$2,217,726
84$6,612,382$0$0$2,405,924
85$7,168,732$0$0$2,612,121
86$7,778,108$0$0$2,838,116
87$8,445,802$0$0$3,085,888
88$9,177,643$0$0$3,357,619
89$9,980,048$0$0$3,655,710
90$10,860,087$0$0$3,982,809
91$11,825,545$0$0$4,341,830
92$12,884,998$0$0$4,735,984
93$14,047,892$0$0$5,168,806
94$15,324,634$0$0$5,644,194
95$16,726,684$0$0$6,166,439
96$18,266,671$0$0$6,740,268
97$19,958,502$0$0$7,370,891
98$21,817,502$0$0$8,064,046
99$23,860,552$0$0$8,826,054
100$26,106,250$0$0$9,663,880