Can I retire at age 54 with 842,000?

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 $842,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.5%
1 years$69,532$68,912$68,308$67,718$67,142$66,166
2 years$34,422$33,781$33,159$32,557$31,973$30,991
3 years$22,720$22,076$21,456$20,859$20,285$19,329
4 years$16,870$16,228$15,615$15,028$14,467$13,544
5 years$13,361$12,723$12,118$11,543$10,998$10,110
6 years$11,023$10,389$9,793$9,231$8,702$7,850
7 years$9,353$8,725$8,138$7,589$7,077$6,262
8 years$8,101$7,479$6,902$6,367$5,871$5,093
9 years$7,128$6,512$5,944$5,423$4,944$4,202
10 years$6,350$5,740$5,182$4,675$4,213$3,506
11 years$5,714$5,110$4,562$4,068$3,623$2,951
12 years$5,184$4,586$4,049$3,568$3,140$2,502
13 years$4,736$4,145$3,618$3,150$2,738$2,133
14 years$4,353$3,767$3,250$2,797$2,400$1,828
15 years$4,021$3,442$2,935$2,494$2,113$1,572
16 years$3,730$3,158$2,661$2,233$1,868$1,357
17 years$3,474$2,908$2,421$2,006$1,656$1,174
18 years$3,247$2,687$2,210$1,808$1,472$1,018
19 years$3,044$2,490$2,023$1,634$1,312$885
20 years$2,862$2,314$1,857$1,480$1,172$771
21 years$2,697$2,156$1,708$1,343$1,049$672
22 years$2,547$2,012$1,574$1,221$940$587
23 years$2,411$1,882$1,453$1,112$844$513
24 years$2,286$1,763$1,344$1,014$759$449
25 years$2,171$1,655$1,245$926$683$393
26 years$2,065$1,555$1,155$847$615$345
27 years$1,967$1,464$1,072$775$554$302
28 years$1,877$1,379$997$710$500$265
29 years$1,792$1,301$928$651$452$233
30 years$1,714$1,229$864$598$408$205
31 years$1,641$1,162$806$549$369$180
32 years$1,572$1,099$752$505$334$158
33 years$1,508$1,041$702$464$302$139
34 years$1,448$986$656$427$274$122
35 years$1,391$936$613$393$248$107
36 years$1,337$888$573$362$224$95
37 years$1,287$843$537$333$203$83
38 years$1,239$802$503$307$184$73
39 years$1,194$762$471$283$167$64
40 years$1,151$725$441$261$152$57
41 years$1,111$690$414$241$138$50
42 years$1,072$657$388$223$125$44
43 years$1,035$626$364$205$113$39
44 years$1,000$597$342$190$103$34
45 years$967$569$321$175$93$30
46 years$935$543$302$162$85$26
47 years$905$518$283$150$77$23
48 years$876$495$266$138$70$21
49 years$849$473$250$128$64$18
50 years$822$451$235$118$58$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $842,000, adding $2,581 every year, while hoping to spend $32,729 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: 43/42/15 Blend
53$842,000$842,000$842,000$842,000
54$930,546$885,920$872,869$966,399
55$990,639$894,507$867,287$1,000,396
56$1,055,763$902,417$860,421$1,033,753
57$1,126,399$909,584$852,193$1,069,185
58$1,203,073$915,935$842,523$1,106,898
59$1,286,364$921,393$831,324$1,147,118
60$1,376,908$925,876$818,509$1,190,098
61$1,475,407$929,299$803,983$1,236,118
62$1,582,632$931,567$787,650$1,285,487
63$1,699,431$932,584$769,406$1,338,548
64$1,826,737$932,245$749,146$1,395,680
65$1,965,578$930,440$726,756$1,457,306
66$2,117,086$927,050$702,121$1,523,891
67$2,282,504$921,950$675,118$1,595,950
68$2,463,203$915,010$645,618$1,674,056
69$2,660,692$906,088$613,489$1,758,840
70$2,876,632$895,035$578,590$1,851,003
71$3,112,851$881,694$540,775$1,951,319
72$3,371,362$865,898$499,891$2,060,645
73$3,654,383$847,469$455,779$2,179,928
74$3,964,355$826,220$408,273$2,310,218
75$4,303,967$801,952$357,198$2,452,674
76$4,676,179$774,455$302,372$2,608,579
77$5,084,254$743,508$243,605$2,779,350
78$5,531,781$708,873$180,700$2,966,555
79$6,022,718$670,303$113,448$3,171,927
80$6,561,421$627,534$41,635$3,397,381
81$7,152,690$580,288$0$3,645,034
82$7,801,812$528,269$0$3,922,828
83$8,514,610$471,167$0$4,235,220
84$9,297,499$408,653$0$4,578,433
85$10,157,547$340,380$0$4,955,665
86$11,102,538$265,980$0$5,370,441
87$12,141,049$185,065$0$5,826,655
88$13,282,528$97,226$0$6,328,603
89$14,537,387$2,030$0$6,881,028
90$15,917,092$0$0$7,489,162
91$17,434,278$0$0$8,205,449
92$19,102,868$0$0$8,994,364
93$20,938,198$0$0$9,862,235
94$22,957,168$0$0$10,817,069
95$25,178,395$0$0$11,867,685
96$27,622,395$0$0$13,023,803
97$30,311,770$0$0$14,296,132
98$33,271,426$0$0$15,696,472
99$36,528,805$0$0$17,237,823
100$40,114,143$0$0$18,934,512