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%13.3%
1 years$69,449$68,830$68,227$67,638$67,063$66,142
2 years$34,381$33,740$33,120$32,518$31,935$31,009
3 years$22,693$22,050$21,431$20,835$20,261$19,359
4 years$16,850$16,209$15,596$15,010$14,450$13,578
5 years$13,345$12,708$12,103$11,529$10,985$10,146
6 years$11,009$10,377$9,781$9,220$8,692$7,887
7 years$9,342$8,715$8,128$7,580$7,069$6,298
8 years$8,091$7,470$6,893$6,359$5,864$5,128
9 years$7,120$6,504$5,937$5,416$4,939$4,236
10 years$6,343$5,733$5,176$4,669$4,208$3,539
11 years$5,707$5,104$4,557$4,063$3,619$2,983
12 years$5,178$4,581$4,044$3,564$3,136$2,532
13 years$4,731$4,140$3,613$3,147$2,735$2,162
14 years$4,348$3,763$3,247$2,793$2,397$1,854
15 years$4,016$3,437$2,931$2,491$2,111$1,597
16 years$3,726$3,154$2,658$2,230$1,865$1,380
17 years$3,470$2,905$2,418$2,004$1,654$1,196
18 years$3,243$2,684$2,208$1,806$1,471$1,039
19 years$3,041$2,487$2,021$1,632$1,311$905
20 years$2,858$2,311$1,855$1,478$1,171$789
21 years$2,694$2,153$1,706$1,341$1,048$689
22 years$2,544$2,010$1,572$1,220$939$603
23 years$2,408$1,880$1,452$1,111$843$528
24 years$2,283$1,761$1,343$1,013$758$462
25 years$2,168$1,653$1,244$925$682$406
26 years$2,063$1,553$1,153$846$614$356
27 years$1,965$1,462$1,071$774$554$313
28 years$1,874$1,378$996$709$500$275
29 years$1,790$1,300$926$651$451$242
30 years$1,712$1,227$863$597$408$213
31 years$1,639$1,160$805$548$369$187
32 years$1,570$1,098$751$504$333$165
33 years$1,506$1,040$701$463$302$145
34 years$1,446$985$655$426$273$128
35 years$1,389$935$612$393$247$113
36 years$1,336$887$573$362$224$99
37 years$1,285$842$536$333$203$88
38 years$1,238$801$502$307$184$77
39 years$1,193$761$470$283$167$68
40 years$1,150$724$441$261$152$60
41 years$1,109$689$413$241$137$53
42 years$1,071$657$388$222$125$47
43 years$1,034$626$364$205$113$41
44 years$999$596$342$189$103$36
45 years$966$569$321$175$93$32
46 years$934$543$301$162$85$28
47 years$904$518$283$149$77$25
48 years$875$494$266$138$70$22
49 years$848$472$250$128$63$19
50 years$821$451$235$118$58$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $841,000, adding $3,684 every year, while hoping to spend $34,681 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: 40/48/12 Blend
53$841,000$841,000$841,000$841,000
54$930,582$886,009$872,974$964,330
55$988,601$892,523$865,318$995,017
56$1,051,376$898,194$856,243$1,024,498
57$1,119,354$902,944$845,666$1,055,624
58$1,193,030$906,690$833,497$1,088,562
59$1,272,945$909,344$819,645$1,123,494
60$1,359,696$910,811$804,013$1,160,624
61$1,453,937$910,994$786,501$1,200,179
62$1,556,391$909,785$767,001$1,242,409
63$1,667,852$907,073$745,404$1,287,595
64$1,789,191$902,738$721,594$1,336,048
65$1,921,371$896,655$695,449$1,388,112
66$2,065,448$888,688$666,844$1,444,171
67$2,222,586$878,696$635,645$1,504,648
68$2,394,065$866,528$601,715$1,570,017
69$2,581,296$852,024$564,909$1,640,799
70$2,785,830$835,014$525,075$1,717,576
71$3,009,376$815,321$482,056$1,800,990
72$3,253,814$792,754$435,686$1,891,755
73$3,521,215$767,111$385,794$1,990,661
74$3,813,860$738,180$332,199$2,098,583
75$4,134,259$705,737$274,714$2,216,493
76$4,485,178$669,542$213,141$2,345,465
77$4,869,661$629,345$147,276$2,486,689
78$5,291,062$584,878$76,905$2,641,482
79$5,753,073$535,860$1,805$2,811,303
80$6,259,763$481,993$0$2,997,767
81$6,815,612$422,964$0$3,212,690
82$7,425,553$358,438$0$3,448,918
83$8,095,023$288,065$0$3,708,436
84$8,830,009$211,474$0$3,993,699
85$9,637,106$128,272$0$4,307,414
86$10,523,580$38,047$0$4,652,578
87$11,497,434$0$0$5,032,496
88$12,567,486$0$0$5,482,325
89$13,743,448$0$0$5,998,881
90$15,036,022$0$0$6,566,781
91$16,456,996$0$0$7,191,222
92$18,019,360$0$0$7,877,927
93$19,737,423$0$0$8,633,202
94$21,626,952$0$0$9,463,994
95$23,705,316$0$0$10,377,958
96$25,991,654$0$0$11,383,528
97$28,507,054$0$0$12,489,998
98$31,274,748$0$0$13,707,607
99$34,320,336$0$0$15,047,635
100$37,672,024$0$0$16,522,515