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%15.5%
1 years$69,449$68,830$68,227$67,638$67,063$65,548
2 years$34,381$33,740$33,120$32,518$31,935$30,417
3 years$22,693$22,050$21,431$20,835$20,261$18,787
4 years$16,850$16,209$15,596$15,010$14,450$13,032
5 years$13,345$12,708$12,103$11,529$10,985$9,626
6 years$11,009$10,377$9,781$9,220$8,692$7,394
7 years$9,342$8,715$8,128$7,580$7,069$5,832
8 years$8,091$7,470$6,893$6,359$5,864$4,688
9 years$7,120$6,504$5,937$5,416$4,939$3,822
10 years$6,343$5,733$5,176$4,669$4,208$3,150
11 years$5,707$5,104$4,557$4,063$3,619$2,619
12 years$5,178$4,581$4,044$3,564$3,136$2,191
13 years$4,731$4,140$3,613$3,147$2,735$1,844
14 years$4,348$3,763$3,247$2,793$2,397$1,559
15 years$4,016$3,437$2,931$2,491$2,111$1,322
16 years$3,726$3,154$2,658$2,230$1,865$1,125
17 years$3,470$2,905$2,418$2,004$1,654$960
18 years$3,243$2,684$2,208$1,806$1,471$821
19 years$3,041$2,487$2,021$1,632$1,311$703
20 years$2,858$2,311$1,855$1,478$1,171$603
21 years$2,694$2,153$1,706$1,341$1,048$518
22 years$2,544$2,010$1,572$1,220$939$445
23 years$2,408$1,880$1,452$1,111$843$383
24 years$2,283$1,761$1,343$1,013$758$330
25 years$2,168$1,653$1,244$925$682$285
26 years$2,063$1,553$1,153$846$614$246
27 years$1,965$1,462$1,071$774$554$212
28 years$1,874$1,378$996$709$500$183
29 years$1,790$1,300$926$651$451$158
30 years$1,712$1,227$863$597$408$137
31 years$1,639$1,160$805$548$369$118
32 years$1,570$1,098$751$504$333$102
33 years$1,506$1,040$701$463$302$88
34 years$1,446$985$655$426$273$76
35 years$1,389$935$612$393$247$66
36 years$1,336$887$573$362$224$57
37 years$1,285$842$536$333$203$49
38 years$1,238$801$502$307$184$43
39 years$1,193$761$470$283$167$37
40 years$1,150$724$441$261$152$32
41 years$1,109$689$413$241$137$28
42 years$1,071$657$388$222$125$24
43 years$1,034$626$364$205$113$21
44 years$999$596$342$189$103$18
45 years$966$569$321$175$93$16
46 years$934$543$301$162$85$13
47 years$904$518$283$149$77$12
48 years$875$494$266$138$70$10
49 years$848$472$250$128$63$9
50 years$821$451$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 $841,000, adding $4,059 every year, while hoping to spend $58,666 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: 49/27/24 Blend
53$841,000$841,000$841,000$841,000
54$930,969$886,396$873,360$970,088
55$963,508$867,409$840,198$978,801
56$997,399$845,526$803,958$982,055
57$1,032,719$820,542$764,476$984,402
58$1,069,550$792,242$721,579$985,784
59$1,107,979$760,397$675,088$986,137
60$1,148,103$724,766$624,813$985,400
61$1,190,022$685,093$570,557$983,505
62$1,233,850$641,108$512,116$980,386
63$1,279,704$592,524$449,274$975,973
64$1,327,716$539,040$381,807$970,195
65$1,378,026$480,335$309,480$962,980
66$1,430,787$416,074$232,049$954,254
67$1,486,163$345,897$149,259$943,941
68$1,544,335$269,429$60,842$931,967
69$1,605,497$186,272$0$918,256
70$1,669,863$96,004$0$911,312
71$1,737,664$0$0$919,663
72$1,809,150$0$0$928,255
73$1,884,597$0$0$967,463
74$1,964,303$0$0$1,008,922
75$2,048,595$0$0$1,052,807
76$2,137,828$0$0$1,099,309
77$2,232,392$0$0$1,148,637
78$2,332,711$0$0$1,201,018
79$2,439,250$0$0$1,256,701
80$2,552,518$0$0$1,315,959
81$2,673,069$0$0$1,379,090
82$2,801,512$0$0$1,446,421
83$2,938,514$0$0$1,518,310
84$3,084,805$0$0$1,595,148
85$3,241,183$0$0$1,677,366
86$3,408,527$0$0$1,765,435
87$3,587,798$0$0$1,859,872
88$3,780,049$0$0$1,961,244
89$3,986,439$0$0$2,070,173
90$4,208,236$0$0$2,187,342
91$4,446,834$0$0$2,313,503
92$4,703,765$0$0$2,449,478
93$4,980,708$0$0$2,596,172
94$5,279,510$0$0$2,754,579
95$5,602,198$0$0$2,925,793
96$5,951,003$0$0$3,111,013
97$6,328,373$0$0$3,311,560
98$6,737,002$0$0$3,528,883
99$7,179,849$0$0$3,764,580
100$7,660,170$0$0$4,020,403