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%18%
1 years$69,366$68,749$68,146$67,557$66,983$64,813
2 years$34,340$33,700$33,080$32,479$31,897$29,731
3 years$22,666$22,023$21,405$20,810$20,236$18,143
4 years$16,830$16,190$15,578$14,992$14,433$12,427
5 years$13,329$12,693$12,089$11,516$10,972$9,059
6 years$10,996$10,365$9,770$9,209$8,681$6,864
7 years$9,331$8,704$8,119$7,571$7,060$5,338
8 years$8,082$7,461$6,885$6,351$5,857$4,229
9 years$7,111$6,496$5,930$5,410$4,933$3,396
10 years$6,335$5,726$5,170$4,663$4,203$2,755
11 years$5,700$5,098$4,552$4,059$3,615$2,254
12 years$5,172$4,575$4,039$3,560$3,132$1,855
13 years$4,725$4,135$3,609$3,143$2,731$1,535
14 years$4,342$3,758$3,243$2,790$2,394$1,275
15 years$4,011$3,433$2,928$2,488$2,108$1,063
16 years$3,722$3,150$2,654$2,228$1,863$889
17 years$3,466$2,901$2,415$2,002$1,652$744
18 years$3,240$2,681$2,205$1,804$1,469$625
19 years$3,037$2,484$2,019$1,630$1,309$525
20 years$2,855$2,309$1,853$1,476$1,169$442
21 years$2,690$2,150$1,704$1,340$1,047$372
22 years$2,541$2,007$1,570$1,218$938$314
23 years$2,405$1,877$1,450$1,109$842$265
24 years$2,280$1,759$1,341$1,012$757$224
25 years$2,166$1,651$1,242$924$681$189
26 years$2,060$1,551$1,152$845$613$160
27 years$1,963$1,460$1,070$773$553$135
28 years$1,872$1,376$994$709$499$114
29 years$1,788$1,298$925$650$451$97
30 years$1,710$1,226$862$596$407$82
31 years$1,637$1,159$804$548$368$69
32 years$1,568$1,096$750$503$333$59
33 years$1,504$1,038$700$463$301$50
34 years$1,444$984$654$426$273$42
35 years$1,387$933$612$392$247$36
36 years$1,334$886$572$361$224$30
37 years$1,284$841$535$333$203$26
38 years$1,236$800$501$307$184$22
39 years$1,191$760$470$283$167$18
40 years$1,148$723$440$261$151$16
41 years$1,108$689$413$241$137$13
42 years$1,069$656$387$222$125$11
43 years$1,033$625$363$205$113$9
44 years$998$596$341$189$103$8
45 years$965$568$320$175$93$7
46 years$933$542$301$161$85$6
47 years$903$517$283$149$77$5
48 years$874$494$266$138$70$4
49 years$847$471$250$127$63$4
50 years$820$450$235$118$58$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $840,000, adding $4,160 every year, while hoping to spend $59,210 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: 34/37/29 Blend
53$840,000$840,000$840,000$840,000
54$929,971$885,451$872,431$953,324
55$961,829$865,839$838,658$951,734
56$994,952$843,282$801,770$944,457
57$1,029,407$817,572$761,599$935,476
58$1,065,265$788,491$717,971$924,680
59$1,102,602$755,808$670,703$911,953
60$1,141,501$719,276$619,605$897,175
61$1,182,050$678,636$564,478$880,217
62$1,224,345$633,616$505,114$860,947
63$1,268,488$583,923$441,295$839,226
64$1,314,591$529,252$372,796$814,909
65$1,362,773$469,279$299,378$787,844
66$1,413,163$403,661$220,795$757,873
67$1,465,902$332,037$136,787$724,830
68$1,521,141$254,024$47,087$688,543
69$1,579,044$169,218$0$648,833
70$1,639,791$77,193$0$620,564
71$1,703,573$0$0$605,018
72$1,770,601$0$0$596,665
73$1,841,105$0$0$620,979
74$1,915,331$0$0$646,621
75$1,993,551$0$0$673,692
76$2,076,060$0$0$702,299
77$2,163,179$0$0$732,560
78$2,255,257$0$0$764,605
79$2,352,677$0$0$798,574
80$2,455,857$0$0$834,621
81$2,565,252$0$0$872,915
82$2,681,361$0$0$913,639
83$2,804,729$0$0$956,995
84$2,935,950$0$0$1,003,204
85$3,075,678$0$0$1,052,507
86$3,224,627$0$0$1,105,169
87$3,383,578$0$0$1,161,479
88$3,553,388$0$0$1,221,756
89$3,734,997$0$0$1,286,348
90$3,929,433$0$0$1,355,637
91$4,137,826$0$0$1,430,043
92$4,361,414$0$0$1,510,027
93$4,601,557$0$0$1,596,095
94$4,859,745$0$0$1,688,800
95$5,137,616$0$0$1,788,753
96$5,436,969$0$0$1,896,624
97$5,759,779$0$0$2,013,149
98$6,108,214$0$0$2,139,135
99$6,484,659$0$0$2,275,473
100$6,891,734$0$0$2,423,139