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%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 $2,025 every year, while hoping to spend $46,677 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: 78/12/10 Blend
53$842,000$842,000$842,000$842,000
54$929,973$885,347$872,296$1,000,781
55$975,166$879,065$851,854$1,041,319
56$1,023,405$870,911$829,162$1,079,550
57$1,074,950$860,743$804,097$1,120,129
58$1,130,088$848,413$776,528$1,163,271
59$1,189,133$833,762$746,318$1,209,210
60$1,252,431$816,621$713,325$1,258,207
61$1,320,357$796,814$677,400$1,310,550
62$1,393,328$774,152$638,387$1,366,555
63$1,471,797$748,436$596,124$1,426,572
64$1,556,266$719,455$550,439$1,490,987
65$1,647,283$686,986$501,156$1,560,224
66$1,745,450$650,792$448,089$1,634,753
67$1,851,429$610,625$391,044$1,715,092
68$1,965,949$566,219$329,818$1,801,813
69$2,089,809$517,297$264,199$1,895,545
70$2,223,887$463,562$193,968$1,996,985
71$2,369,149$404,703$118,892$2,106,901
72$2,526,660$340,390$38,732$2,226,138
73$2,697,585$270,276$0$2,355,632
74$2,883,212$193,992$0$2,501,409
75$3,084,951$111,150$0$2,664,348
76$3,304,360$21,339$0$2,841,595
77$3,543,147$0$0$3,034,566
78$3,803,196$0$0$3,254,841
79$4,086,577$0$0$3,497,976
80$4,395,570$0$0$3,763,111
81$4,732,683$0$0$4,052,403
82$5,100,678$0$0$4,368,225
83$5,502,594$0$0$4,713,188
84$5,941,777$0$0$5,090,169
85$6,421,911$0$0$5,502,333
86$6,947,053$0$0$5,953,166
87$7,521,667$0$0$6,446,507
88$8,150,671$0$0$6,986,581
89$8,839,480$0$0$7,578,043
90$9,594,057$0$0$8,226,016
91$10,420,969$0$0$8,936,146
92$11,327,448$0$0$9,714,648
93$12,321,460$0$0$10,568,369
94$13,411,777$0$0$11,504,847
95$14,608,062$0$0$12,532,390
96$15,920,959$0$0$13,660,144
97$17,362,192$0$0$14,898,187
98$18,944,676$0$0$16,257,619
99$20,682,637$0$0$17,750,667
100$22,591,747$0$0$19,390,801