Can I retire at age 54 with 843,000?

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 $843,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16%
1 years$69,614$68,994$68,389$67,799$67,222$65,570
2 years$34,462$33,821$33,199$32,595$32,010$30,357
3 years$22,747$22,102$21,482$20,884$20,309$18,704
4 years$16,890$16,247$15,633$15,046$14,484$12,942
5 years$13,377$12,738$12,132$11,557$11,011$9,535
6 years$11,036$10,402$9,804$9,242$8,712$7,304
7 years$9,364$8,735$8,148$7,598$7,086$5,745
8 years$8,111$7,488$6,910$6,374$5,878$4,605
9 years$7,137$6,519$5,951$5,429$4,950$3,743
10 years$6,358$5,747$5,189$4,680$4,218$3,075
11 years$5,721$5,116$4,568$4,073$3,628$2,548
12 years$5,190$4,592$4,054$3,573$3,144$2,125
13 years$4,742$4,150$3,622$3,154$2,741$1,782
14 years$4,358$3,772$3,254$2,800$2,403$1,501
15 years$4,025$3,446$2,938$2,497$2,116$1,269
16 years$3,735$3,161$2,664$2,236$1,870$1,076
17 years$3,479$2,911$2,424$2,009$1,658$915
18 years$3,251$2,690$2,213$1,810$1,474$779
19 years$3,048$2,493$2,026$1,636$1,314$665
20 years$2,865$2,317$1,859$1,482$1,174$568
21 years$2,700$2,158$1,710$1,345$1,050$486
22 years$2,550$2,015$1,576$1,223$941$417
23 years$2,413$1,884$1,455$1,113$845$357
24 years$2,288$1,765$1,346$1,015$760$306
25 years$2,173$1,657$1,247$927$684$263
26 years$2,067$1,557$1,156$848$616$226
27 years$1,970$1,465$1,074$776$555$194
28 years$1,879$1,381$998$711$501$167
29 years$1,795$1,303$929$652$452$144
30 years$1,716$1,230$865$598$409$124
31 years$1,643$1,163$806$550$369$106
32 years$1,574$1,100$752$505$334$92
33 years$1,510$1,042$703$465$302$79
34 years$1,449$988$656$427$274$68
35 years$1,392$937$614$393$248$59
36 years$1,339$889$574$362$225$50
37 years$1,288$844$537$334$204$43
38 years$1,241$803$503$308$185$37
39 years$1,195$763$471$284$167$32
40 years$1,153$726$442$262$152$28
41 years$1,112$691$414$241$138$24
42 years$1,073$658$389$223$125$21
43 years$1,037$627$365$206$113$18
44 years$1,002$598$342$190$103$15
45 years$968$570$321$175$94$13
46 years$937$544$302$162$85$11
47 years$906$519$284$150$77$10
48 years$877$495$267$138$70$8
49 years$850$473$251$128$64$7
50 years$823$452$236$118$58$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $843,000, adding $5,155 every year, while hoping to spend $26,571 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: 57/31/12 Blend
53$843,000$843,000$843,000$843,000
54$934,303$889,624$876,558$984,470
55$1,001,331$904,945$877,651$1,034,288
56$1,074,305$920,125$877,891$1,085,161
57$1,153,803$935,131$877,220$1,139,965
58$1,240,463$949,924$875,578$1,199,080
59$1,334,985$964,465$872,905$1,262,925
60$1,438,140$978,710$869,134$1,331,964
61$1,550,777$992,613$864,196$1,406,705
62$1,673,830$1,006,125$858,020$1,487,710
63$1,808,328$1,019,193$850,531$1,575,600
64$1,955,404$1,031,759$841,650$1,671,057
65$2,116,303$1,043,764$831,294$1,774,836
66$2,292,401$1,055,143$819,377$1,887,766
67$2,485,207$1,065,827$805,808$2,010,763
68$2,696,388$1,075,742$790,492$2,144,839
69$2,927,777$1,084,810$773,330$2,291,107
70$3,181,392$1,092,948$754,219$2,450,796
71$3,459,458$1,100,067$733,050$2,625,259
72$3,764,424$1,106,071$709,708$2,815,992
73$4,098,988$1,110,861$684,076$3,024,640
74$4,466,121$1,114,330$656,029$3,253,021
75$4,869,096$1,116,363$625,436$3,503,137
76$5,311,519$1,116,839$592,163$3,777,197
77$5,797,361$1,115,631$556,068$4,077,636
78$6,330,996$1,112,602$517,001$4,407,140
79$6,917,246$1,107,607$474,808$4,768,670
80$7,561,418$1,100,493$429,327$5,165,491
81$8,269,361$1,091,096$380,389$5,601,204
82$9,047,521$1,079,244$327,816$6,079,777
83$9,902,995$1,064,755$271,425$6,605,588
84$10,843,605$1,047,432$211,023$7,183,463
85$11,877,969$1,027,072$146,408$7,818,723
86$13,015,580$1,003,457$77,370$8,517,235
87$14,266,897$976,355$3,691$9,285,467
88$15,643,447$945,522$0$10,130,550
89$17,157,926$910,701$0$11,069,943
90$18,824,326$871,616$0$12,103,847
91$20,658,062$827,980$0$13,241,376
92$22,676,119$779,486$0$14,493,102
93$24,897,213$725,810$0$15,870,674
94$27,341,964$666,610$0$17,386,933
95$30,033,094$601,524$0$19,056,036
96$32,995,641$530,170$0$20,893,582
97$36,257,192$452,144$0$22,916,771
98$39,848,144$367,018$0$25,144,557
99$43,801,994$274,341$0$27,597,833
100$48,155,651$173,637$0$30,299,629