Can I retire at age 54 with 841,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%19.8%
1 years$69,449$68,830$68,227$67,638$67,063$64,427
2 years$34,381$33,740$33,120$32,518$31,935$29,312
3 years$22,693$22,050$21,431$20,835$20,261$17,733
4 years$16,850$16,209$15,596$15,010$14,450$12,037
5 years$13,345$12,708$12,103$11,529$10,985$8,692
6 years$11,009$10,377$9,781$9,220$8,692$6,521
7 years$9,342$8,715$8,128$7,580$7,069$5,019
8 years$8,091$7,470$6,893$6,359$5,864$3,934
9 years$7,120$6,504$5,937$5,416$4,939$3,124
10 years$6,343$5,733$5,176$4,669$4,208$2,507
11 years$5,707$5,104$4,557$4,063$3,619$2,026
12 years$5,178$4,581$4,044$3,564$3,136$1,648
13 years$4,731$4,140$3,613$3,147$2,735$1,347
14 years$4,348$3,763$3,247$2,793$2,397$1,105
15 years$4,016$3,437$2,931$2,491$2,111$909
16 years$3,726$3,154$2,658$2,230$1,865$750
17 years$3,470$2,905$2,418$2,004$1,654$620
18 years$3,243$2,684$2,208$1,806$1,471$514
19 years$3,041$2,487$2,021$1,632$1,311$426
20 years$2,858$2,311$1,855$1,478$1,171$354
21 years$2,694$2,153$1,706$1,341$1,048$294
22 years$2,544$2,010$1,572$1,220$939$244
23 years$2,408$1,880$1,452$1,111$843$203
24 years$2,283$1,761$1,343$1,013$758$169
25 years$2,168$1,653$1,244$925$682$141
26 years$2,063$1,553$1,153$846$614$117
27 years$1,965$1,462$1,071$774$554$98
28 years$1,874$1,378$996$709$500$82
29 years$1,790$1,300$926$651$451$68
30 years$1,712$1,227$863$597$408$57
31 years$1,639$1,160$805$548$369$47
32 years$1,570$1,098$751$504$333$39
33 years$1,506$1,040$701$463$302$33
34 years$1,446$985$655$426$273$27
35 years$1,389$935$612$393$247$23
36 years$1,336$887$573$362$224$19
37 years$1,285$842$536$333$203$16
38 years$1,238$801$502$307$184$13
39 years$1,193$761$470$283$167$11
40 years$1,150$724$441$261$152$9
41 years$1,109$689$413$241$137$8
42 years$1,071$657$388$222$125$6
43 years$1,034$626$364$205$113$5
44 years$999$596$342$189$103$5
45 years$966$569$321$175$93$4
46 years$934$543$301$162$85$3
47 years$904$518$283$149$77$3
48 years$875$494$266$138$70$2
49 years$848$472$250$128$63$2
50 years$821$451$235$118$58$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $841,000, adding $6,711 every year, while hoping to spend $22,466 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: 64/21/15 Blend
53$841,000$841,000$841,000$841,000
54$933,704$889,131$876,096$989,649
55$1,005,039$908,795$881,541$1,047,620
56$1,082,896$928,670$886,416$1,107,725
57$1,167,918$948,741$890,678$1,172,835
58$1,260,811$968,995$894,281$1,243,435
59$1,362,353$989,415$897,179$1,320,065
60$1,473,400$1,009,983$899,321$1,403,316
61$1,594,894$1,030,680$900,656$1,493,840
62$1,727,874$1,051,483$901,128$1,592,357
63$1,873,482$1,072,371$900,681$1,699,659
64$2,032,977$1,093,317$899,254$1,816,619
65$2,207,745$1,114,294$896,784$1,944,197
66$2,399,313$1,135,273$893,204$2,083,456
67$2,609,362$1,156,220$888,445$2,235,561
68$2,839,743$1,177,101$882,434$2,401,800
69$3,092,496$1,197,878$875,095$2,583,592
70$3,369,868$1,218,511$866,348$2,782,499
71$3,674,333$1,238,956$856,108$3,000,245
72$4,008,616$1,259,166$844,289$3,238,728
73$4,375,720$1,279,091$830,799$3,500,040
74$4,778,953$1,298,676$815,540$3,786,487
75$5,221,959$1,317,864$798,413$4,100,612
76$5,708,751$1,336,591$779,312$4,445,213
77$6,243,751$1,354,792$758,127$4,823,380
78$6,831,832$1,372,395$734,743$5,238,515
79$7,478,361$1,389,324$709,038$5,694,367
80$8,189,251$1,405,498$680,888$6,195,070
81$8,971,016$1,420,829$650,159$6,745,178
82$9,830,835$1,435,225$616,715$7,349,714
83$10,776,616$1,448,587$580,410$8,014,210
84$11,817,072$1,460,809$541,095$8,744,765
85$12,961,804$1,471,779$498,613$9,548,101
86$14,221,389$1,481,377$452,797$10,431,627
87$15,607,482$1,489,477$403,478$11,403,509
88$17,132,926$1,495,942$350,475$12,472,745
89$18,811,870$1,500,628$293,601$13,649,254
90$20,659,904$1,503,383$232,660$14,943,970
91$22,694,209$1,504,043$167,449$16,368,940
92$24,933,713$1,502,435$97,753$17,937,444
93$27,399,274$1,498,377$23,350$19,664,118
94$30,113,876$1,491,673$0$21,565,092
95$33,102,843$1,482,117$0$23,667,117
96$36,394,081$1,469,489$0$25,985,386
97$40,018,340$1,453,557$0$28,537,794
98$44,009,504$1,434,074$0$31,348,184
99$48,404,909$1,410,780$0$34,442,831
100$53,245,698$1,383,396$0$37,850,691