Can I retire at age 54 with 842,000?

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 $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%17.7%
1 years$69,532$68,912$68,308$67,718$67,142$65,045
2 years$34,422$33,781$33,159$32,557$31,973$29,878
3 years$22,720$22,076$21,456$20,859$20,285$18,259
4 years$16,870$16,228$15,615$15,028$14,467$12,526
5 years$13,361$12,723$12,118$11,543$10,998$9,146
6 years$11,023$10,389$9,793$9,231$8,702$6,941
7 years$9,353$8,725$8,138$7,589$7,077$5,407
8 years$8,101$7,479$6,902$6,367$5,871$4,291
9 years$7,128$6,512$5,944$5,423$4,944$3,452
10 years$6,350$5,740$5,182$4,675$4,213$2,806
11 years$5,714$5,110$4,562$4,068$3,623$2,300
12 years$5,184$4,586$4,049$3,568$3,140$1,897
13 years$4,736$4,145$3,618$3,150$2,738$1,573
14 years$4,353$3,767$3,250$2,797$2,400$1,309
15 years$4,021$3,442$2,935$2,494$2,113$1,094
16 years$3,730$3,158$2,661$2,233$1,868$916
17 years$3,474$2,908$2,421$2,006$1,656$769
18 years$3,247$2,687$2,210$1,808$1,472$647
19 years$3,044$2,490$2,023$1,634$1,312$545
20 years$2,862$2,314$1,857$1,480$1,172$460
21 years$2,697$2,156$1,708$1,343$1,049$388
22 years$2,547$2,012$1,574$1,221$940$328
23 years$2,411$1,882$1,453$1,112$844$278
24 years$2,286$1,763$1,344$1,014$759$235
25 years$2,171$1,655$1,245$926$683$199
26 years$2,065$1,555$1,155$847$615$169
27 years$1,967$1,464$1,072$775$554$143
28 years$1,877$1,379$997$710$500$121
29 years$1,792$1,301$928$651$452$103
30 years$1,714$1,229$864$598$408$87
31 years$1,641$1,162$806$549$369$74
32 years$1,572$1,099$752$505$334$63
33 years$1,508$1,041$702$464$302$53
34 years$1,448$986$656$427$274$45
35 years$1,391$936$613$393$248$39
36 years$1,337$888$573$362$224$33
37 years$1,287$843$537$333$203$28
38 years$1,239$802$503$307$184$24
39 years$1,194$762$471$283$167$20
40 years$1,151$725$441$261$152$17
41 years$1,111$690$414$241$138$14
42 years$1,072$657$388$223$125$12
43 years$1,035$626$364$205$113$10
44 years$1,000$597$342$190$103$9
45 years$967$569$321$175$93$8
46 years$935$543$302$162$85$6
47 years$905$518$283$150$77$5
48 years$876$495$266$138$70$5
49 years$849$473$250$128$64$4
50 years$822$451$235$118$58$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $842,000, adding $3,635 every year, while hoping to spend $41,634 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: 72/19/9 Blend
53$842,000$842,000$842,000$842,000
54$931,634$887,008$873,957$996,954
55$982,362$886,173$858,936$1,039,761
56$1,036,869$883,901$842,016$1,081,103
57$1,095,497$880,080$823,091$1,125,222
58$1,158,620$874,586$802,047$1,172,381
59$1,226,650$867,291$778,766$1,222,871
60$1,300,039$858,060$753,126$1,277,012
61$1,379,285$846,746$724,998$1,335,157
62$1,464,933$833,198$694,246$1,397,697
63$1,557,583$817,252$660,730$1,465,062
64$1,657,896$798,736$624,304$1,537,729
65$1,766,595$777,468$584,812$1,616,221
66$1,884,479$753,256$542,095$1,701,119
67$2,012,425$725,894$495,983$1,793,062
68$2,151,396$695,167$446,303$1,892,756
69$2,302,454$660,846$392,870$2,000,980
70$2,466,766$622,689$335,493$2,118,595
71$2,645,616$580,440$273,971$2,246,549
72$2,840,417$533,829$208,097$2,385,891
73$3,052,723$482,571$137,652$2,537,777
74$3,284,246$426,362$62,408$2,703,484
75$3,536,869$364,883$0$2,884,420
76$3,812,664$297,797$0$3,083,858
77$4,113,914$224,748$0$3,308,303
78$4,443,131$145,358$0$3,553,674
79$4,803,081$59,231$0$3,822,086
80$5,196,808$0$0$4,115,871
81$5,627,665$0$0$4,444,721
82$6,099,345$0$0$4,818,324
83$6,615,912$0$0$5,227,523
84$7,181,843$0$0$5,675,869
85$7,802,069$0$0$6,167,273
86$8,482,021$0$0$6,706,042
87$9,227,677$0$0$7,296,922
88$10,045,627$0$0$7,945,138
89$10,943,123$0$0$8,656,446
90$11,928,159$0$0$9,437,186
91$13,009,538$0$0$10,294,341
92$14,196,954$0$0$11,235,605
93$15,501,092$0$0$12,269,452
94$16,933,717$0$0$13,405,217
95$18,507,792$0$0$14,653,185
96$20,237,599$0$0$16,024,686
97$22,138,869$0$0$17,532,202
98$24,228,935$0$0$19,189,484
99$26,526,893$0$0$21,011,682
100$29,053,781$0$0$23,015,487