Can I retire at age 54 with 841,000?

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 $841,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.8%
1 years$69,449$68,830$68,227$67,638$67,063$66,556
2 years$34,381$33,740$33,120$32,518$31,935$31,424
3 years$22,693$22,050$21,431$20,835$20,261$19,762
4 years$16,850$16,209$15,596$15,010$14,450$13,967
5 years$13,345$12,708$12,103$11,529$10,985$10,518
6 years$11,009$10,377$9,781$9,220$8,692$8,243
7 years$9,342$8,715$8,128$7,580$7,069$6,638
8 years$8,091$7,470$6,893$6,359$5,864$5,451
9 years$7,120$6,504$5,937$5,416$4,939$4,543
10 years$6,343$5,733$5,176$4,669$4,208$3,829
11 years$5,707$5,104$4,557$4,063$3,619$3,258
12 years$5,178$4,581$4,044$3,564$3,136$2,792
13 years$4,731$4,140$3,613$3,147$2,735$2,407
14 years$4,348$3,763$3,247$2,793$2,397$2,085
15 years$4,016$3,437$2,931$2,491$2,111$1,814
16 years$3,726$3,154$2,658$2,230$1,865$1,584
17 years$3,470$2,905$2,418$2,004$1,654$1,387
18 years$3,243$2,684$2,208$1,806$1,471$1,218
19 years$3,041$2,487$2,021$1,632$1,311$1,072
20 years$2,858$2,311$1,855$1,478$1,171$945
21 years$2,694$2,153$1,706$1,341$1,048$835
22 years$2,544$2,010$1,572$1,220$939$739
23 years$2,408$1,880$1,452$1,111$843$654
24 years$2,283$1,761$1,343$1,013$758$580
25 years$2,168$1,653$1,244$925$682$515
26 years$2,063$1,553$1,153$846$614$457
27 years$1,965$1,462$1,071$774$554$406
28 years$1,874$1,378$996$709$500$362
29 years$1,790$1,300$926$651$451$322
30 years$1,712$1,227$863$597$408$287
31 years$1,639$1,160$805$548$369$255
32 years$1,570$1,098$751$504$333$228
33 years$1,506$1,040$701$463$302$203
34 years$1,446$985$655$426$273$181
35 years$1,389$935$612$393$247$162
36 years$1,336$887$573$362$224$144
37 years$1,285$842$536$333$203$129
38 years$1,238$801$502$307$184$115
39 years$1,193$761$470$283$167$103
40 years$1,150$724$441$261$152$92
41 years$1,109$689$413$241$137$82
42 years$1,071$657$388$222$125$73
43 years$1,034$626$364$205$113$65
44 years$999$596$342$189$103$58
45 years$966$569$321$175$93$52
46 years$934$543$301$162$85$47
47 years$904$518$283$149$77$42
48 years$875$494$266$138$70$37
49 years$848$472$250$128$63$33
50 years$821$451$235$118$58$30

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $841,000, adding $5,478 every year, while hoping to spend $38,336 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: 62/13/25 Blend
53$841,000$841,000$841,000$841,000
54$932,433$887,860$874,824$983,745
55$986,751$890,575$863,341$1,021,883
56$1,045,326$892,140$850,189$1,058,818
57$1,108,550$892,455$835,271$1,098,307
58$1,176,856$891,419$818,486$1,140,605
59$1,250,718$888,922$799,729$1,185,994
60$1,330,660$884,848$778,889$1,234,787
61$1,417,256$879,074$755,850$1,287,330
62$1,511,137$871,469$730,492$1,344,004
63$1,612,997$861,895$702,688$1,405,235
64$1,723,601$850,206$672,305$1,471,488
65$1,843,787$836,245$639,207$1,543,280
66$1,974,480$819,848$603,247$1,621,185
67$2,116,697$800,841$564,276$1,705,833
68$2,271,556$779,038$522,135$1,797,923
69$2,440,288$754,243$476,659$1,898,226
70$2,624,246$726,251$427,676$2,007,595
71$2,824,923$694,840$375,007$2,126,973
72$3,043,958$659,780$318,463$2,257,400
73$3,283,158$620,826$257,847$2,400,027
74$3,544,510$577,717$192,956$2,556,124
75$3,830,205$530,179$123,574$2,727,093
76$4,142,651$477,924$49,479$2,914,485
77$4,484,503$420,643$0$3,120,010
78$4,858,681$358,013$0$3,353,452
79$5,268,403$289,693$0$3,623,600
80$5,717,212$215,320$0$3,919,615
81$6,209,010$134,513$0$4,244,108
82$6,748,094$46,868$0$4,599,960
83$7,339,196$0$0$4,990,346
84$7,987,528$0$0$5,425,638
85$8,698,831$0$0$5,910,629
86$9,479,430$0$0$6,442,933
87$10,336,289$0$0$7,027,309
88$11,277,082$0$0$7,668,998
89$12,310,260$0$0$8,373,774
90$13,445,134$0$0$9,147,997
91$14,691,960$0$0$9,998,674
92$16,062,039$0$0$10,933,524
93$17,567,818$0$0$11,961,050
94$19,223,012$0$0$13,090,622
95$21,042,728$0$0$14,332,560
96$23,043,613$0$0$15,698,238
97$25,244,005$0$0$17,200,182
98$27,664,111$0$0$18,852,198
99$30,326,192$0$0$20,669,494
100$33,254,776$0$0$22,668,827