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%15.4%
1 years$69,366$68,749$68,146$67,557$66,983$65,497
2 years$34,340$33,700$33,080$32,479$31,897$30,407
3 years$22,666$22,023$21,405$20,810$20,236$18,790
4 years$16,830$16,190$15,578$14,992$14,433$13,041
5 years$13,329$12,693$12,089$11,516$10,972$9,638
6 years$10,996$10,365$9,770$9,209$8,681$7,407
7 years$9,331$8,704$8,119$7,571$7,060$5,846
8 years$8,082$7,461$6,885$6,351$5,857$4,702
9 years$7,111$6,496$5,930$5,410$4,933$3,836
10 years$6,335$5,726$5,170$4,663$4,203$3,163
11 years$5,700$5,098$4,552$4,059$3,615$2,631
12 years$5,172$4,575$4,039$3,560$3,132$2,203
13 years$4,725$4,135$3,609$3,143$2,731$1,855
14 years$4,342$3,758$3,243$2,790$2,394$1,569
15 years$4,011$3,433$2,928$2,488$2,108$1,332
16 years$3,722$3,150$2,654$2,228$1,863$1,134
17 years$3,466$2,901$2,415$2,002$1,652$968
18 years$3,240$2,681$2,205$1,804$1,469$829
19 years$3,037$2,484$2,019$1,630$1,309$710
20 years$2,855$2,309$1,853$1,476$1,169$610
21 years$2,690$2,150$1,704$1,340$1,047$524
22 years$2,541$2,007$1,570$1,218$938$451
23 years$2,405$1,877$1,450$1,109$842$389
24 years$2,280$1,759$1,341$1,012$757$335
25 years$2,166$1,651$1,242$924$681$289
26 years$2,060$1,551$1,152$845$613$249
27 years$1,963$1,460$1,070$773$553$215
28 years$1,872$1,376$994$709$499$186
29 years$1,788$1,298$925$650$451$161
30 years$1,710$1,226$862$596$407$139
31 years$1,637$1,159$804$548$368$120
32 years$1,568$1,096$750$503$333$104
33 years$1,504$1,038$700$463$301$90
34 years$1,444$984$654$426$273$78
35 years$1,387$933$612$392$247$68
36 years$1,334$886$572$361$224$58
37 years$1,284$841$535$333$203$51
38 years$1,236$800$501$307$184$44
39 years$1,191$760$470$283$167$38
40 years$1,148$723$440$261$151$33
41 years$1,108$689$413$241$137$28
42 years$1,069$656$387$222$125$25
43 years$1,033$625$363$205$113$21
44 years$998$596$341$189$103$19
45 years$965$568$320$175$93$16
46 years$933$542$301$161$85$14
47 years$903$517$283$149$77$12
48 years$874$494$266$138$70$10
49 years$847$471$250$127$63$9
50 years$820$450$235$118$58$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $840,000, adding $3,425 every year, while hoping to spend $48,376 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: 55/23/22 Blend
53$840,000$840,000$840,000$840,000
54$929,213$884,693$871,673$974,574
55$972,521$876,571$849,402$997,911
56$1,018,625$866,430$824,764$1,017,927
57$1,067,759$854,120$797,628$1,038,692
58$1,120,180$839,481$767,858$1,060,293
59$1,176,168$822,345$735,311$1,082,826
60$1,236,032$802,535$699,839$1,106,401
61$1,300,108$779,860$661,285$1,131,143
62$1,368,768$754,122$619,486$1,157,189
63$1,442,416$725,107$574,272$1,184,697
64$1,521,498$692,593$525,466$1,213,843
65$1,606,503$656,343$472,882$1,244,822
66$1,697,968$616,105$416,324$1,277,857
67$1,796,481$571,615$355,592$1,313,193
68$1,902,691$522,592$290,473$1,351,109
69$2,017,307$468,741$220,746$1,391,913
70$2,141,112$409,749$146,180$1,435,951
71$2,274,962$345,284$66,534$1,483,608
72$2,419,803$274,997$0$1,535,315
73$2,576,670$198,519$0$1,595,887
74$2,746,704$115,460$0$1,678,472
75$2,931,159$25,409$0$1,768,097
76$3,131,413$0$0$1,865,493
77$3,348,983$0$0$1,989,706
78$3,585,538$0$0$2,131,819
79$3,842,913$0$0$2,286,510
80$4,123,127$0$0$2,455,003
81$4,428,402$0$0$2,638,644
82$4,761,183$0$0$2,838,912
83$5,124,163$0$0$3,057,439
84$5,520,303$0$0$3,296,017
85$5,952,863$0$0$3,556,622
86$6,425,433$0$0$3,841,428
87$6,941,965$0$0$4,152,827
88$7,506,810$0$0$4,493,457
89$8,124,756$0$0$4,866,217
90$8,801,079$0$0$5,274,303
91$9,541,586$0$0$5,721,233
92$10,352,673$0$0$6,210,882
93$11,241,383$0$0$6,747,517
94$12,215,472$0$0$7,335,837
95$13,283,484$0$0$7,981,019
96$14,454,827$0$0$8,688,762
97$15,739,865$0$0$9,465,345
98$17,150,011$0$0$10,317,686
99$18,697,841$0$0$11,253,401
100$20,397,202$0$0$12,280,885