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%15.3%
1 years$69,366$68,749$68,146$67,557$66,983$65,523
2 years$34,340$33,700$33,080$32,479$31,897$30,433
3 years$22,666$22,023$21,405$20,810$20,236$18,815
4 years$16,830$16,190$15,578$14,992$14,433$13,065
5 years$13,329$12,693$12,089$11,516$10,972$9,661
6 years$10,996$10,365$9,770$9,209$8,681$7,429
7 years$9,331$8,704$8,119$7,571$7,060$5,866
8 years$8,082$7,461$6,885$6,351$5,857$4,721
9 years$7,111$6,496$5,930$5,410$4,933$3,854
10 years$6,335$5,726$5,170$4,663$4,203$3,180
11 years$5,700$5,098$4,552$4,059$3,615$2,647
12 years$5,172$4,575$4,039$3,560$3,132$2,218
13 years$4,725$4,135$3,609$3,143$2,731$1,869
14 years$4,342$3,758$3,243$2,790$2,394$1,582
15 years$4,011$3,433$2,928$2,488$2,108$1,344
16 years$3,722$3,150$2,654$2,228$1,863$1,145
17 years$3,466$2,901$2,415$2,002$1,652$978
18 years$3,240$2,681$2,205$1,804$1,469$838
19 years$3,037$2,484$2,019$1,630$1,309$718
20 years$2,855$2,309$1,853$1,476$1,169$617
21 years$2,690$2,150$1,704$1,340$1,047$531
22 years$2,541$2,007$1,570$1,218$938$457
23 years$2,405$1,877$1,450$1,109$842$394
24 years$2,280$1,759$1,341$1,012$757$340
25 years$2,166$1,651$1,242$924$681$294
26 years$2,060$1,551$1,152$845$613$254
27 years$1,963$1,460$1,070$773$553$219
28 years$1,872$1,376$994$709$499$190
29 years$1,788$1,298$925$650$451$164
30 years$1,710$1,226$862$596$407$142
31 years$1,637$1,159$804$548$368$123
32 years$1,568$1,096$750$503$333$106
33 years$1,504$1,038$700$463$301$92
34 years$1,444$984$654$426$273$80
35 years$1,387$933$612$392$247$69
36 years$1,334$886$572$361$224$60
37 years$1,284$841$535$333$203$52
38 years$1,236$800$501$307$184$45
39 years$1,191$760$470$283$167$39
40 years$1,148$723$440$261$151$34
41 years$1,108$689$413$241$137$29
42 years$1,069$656$387$222$125$25
43 years$1,033$625$363$205$113$22
44 years$998$596$341$189$103$19
45 years$965$568$320$175$93$17
46 years$933$542$301$161$85$14
47 years$903$517$283$149$77$12
48 years$874$494$266$138$70$11
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 $3,080 every year, while hoping to spend $53,776 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: 35/44/21 Blend
53$840,000$840,000$840,000$840,000
54$928,857$884,337$871,317$955,337
55$966,383$870,452$843,289$961,202
56$1,005,935$854,085$812,519$962,340
57$1,047,661$835,056$778,860$962,466
58$1,091,726$813,178$742,156$961,520
59$1,138,308$788,249$702,243$959,446
60$1,187,601$760,058$658,954$956,182
61$1,239,816$728,382$612,109$951,669
62$1,295,187$692,982$561,524$945,847
63$1,353,966$653,608$507,005$938,657
64$1,416,431$609,995$448,350$930,038
65$1,482,885$561,862$385,348$919,932
66$1,553,659$508,914$317,777$908,283
67$1,629,117$450,835$245,407$895,037
68$1,709,656$387,296$167,998$880,142
69$1,795,714$317,946$85,298$863,550
70$1,887,767$242,415$0$845,218
71$1,986,339$160,314$0$825,771
72$2,092,006$71,229$0$824,956
73$2,205,396$0$0$823,683
74$2,327,203$0$0$834,241
75$2,458,185$0$0$882,765
76$2,599,176$0$0$935,086
77$2,751,091$0$0$991,556
78$2,914,936$0$0$1,052,561
79$3,091,814$0$0$1,118,523
80$3,282,940$0$0$1,189,910
81$3,489,648$0$0$1,267,233
82$3,713,402$0$0$1,351,055
83$3,955,816$0$0$1,441,996
84$4,218,661$0$0$1,540,737
85$4,503,886$0$0$1,648,027
86$4,813,633$0$0$1,764,689
87$5,150,261$0$0$1,891,631
88$5,516,362$0$0$2,029,849
89$5,914,791$0$0$2,180,442
90$6,348,685$0$0$2,344,617
91$6,821,500$0$0$2,523,703
92$7,337,038$0$0$2,719,164
93$7,899,482$0$0$2,932,611
94$8,513,439$0$0$3,165,816
95$9,183,977$0$0$3,420,732
96$9,916,680$0$0$3,699,507
97$10,717,689$0$0$4,004,508
98$11,593,772$0$0$4,338,340
99$12,552,375$0$0$4,703,871
100$13,601,701$0$0$5,104,263