Can I retire at age 54 with 843,000?

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 $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%
1 years$69,614$68,994$68,389$67,799$67,222$65,544
2 years$34,462$33,821$33,199$32,595$32,010$30,330
3 years$22,747$22,102$21,482$20,884$20,309$18,679
4 years$16,890$16,247$15,633$15,046$14,484$12,918
5 years$13,377$12,738$12,132$11,557$11,011$9,512
6 years$11,036$10,402$9,804$9,242$8,712$7,283
7 years$9,364$8,735$8,148$7,598$7,086$5,725
8 years$8,111$7,488$6,910$6,374$5,878$4,586
9 years$7,137$6,519$5,951$5,429$4,950$3,725
10 years$6,358$5,747$5,189$4,680$4,218$3,059
11 years$5,721$5,116$4,568$4,073$3,628$2,533
12 years$5,190$4,592$4,054$3,573$3,144$2,111
13 years$4,742$4,150$3,622$3,154$2,741$1,770
14 years$4,358$3,772$3,254$2,800$2,403$1,490
15 years$4,025$3,446$2,938$2,497$2,116$1,258
16 years$3,735$3,161$2,664$2,236$1,870$1,066
17 years$3,479$2,911$2,424$2,009$1,658$906
18 years$3,251$2,690$2,213$1,810$1,474$771
19 years$3,048$2,493$2,026$1,636$1,314$657
20 years$2,865$2,317$1,859$1,482$1,174$561
21 years$2,700$2,158$1,710$1,345$1,050$480
22 years$2,550$2,015$1,576$1,223$941$411
23 years$2,413$1,884$1,455$1,113$845$352
24 years$2,288$1,765$1,346$1,015$760$302
25 years$2,173$1,657$1,247$927$684$259
26 years$2,067$1,557$1,156$848$616$222
27 years$1,970$1,465$1,074$776$555$191
28 years$1,879$1,381$998$711$501$164
29 years$1,795$1,303$929$652$452$141
30 years$1,716$1,230$865$598$409$121
31 years$1,643$1,163$806$550$369$104
32 years$1,574$1,100$752$505$334$90
33 years$1,510$1,042$703$465$302$77
34 years$1,449$988$656$427$274$66
35 years$1,392$937$614$393$248$57
36 years$1,339$889$574$362$225$49
37 years$1,288$844$537$334$204$42
38 years$1,241$803$503$308$185$36
39 years$1,195$763$471$284$167$31
40 years$1,153$726$442$262$152$27
41 years$1,112$691$414$241$138$23
42 years$1,073$658$389$223$125$20
43 years$1,037$627$365$206$113$17
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$9
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 $3,719 every year, while hoping to spend $24,711 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: 50/20/30 Blend
53$843,000$843,000$843,000$843,000
54$932,822$888,143$875,077$971,363
55$1,001,678$905,370$878,099$1,015,989
56$1,076,728$922,612$880,395$1,061,729
57$1,158,580$939,846$881,914$1,110,976
58$1,247,899$957,042$882,602$1,164,075
59$1,345,420$974,172$882,404$1,221,406
60$1,451,950$991,204$881,262$1,283,389
61$1,568,379$1,008,103$879,114$1,350,490
62$1,695,686$1,024,833$875,897$1,423,220
63$1,834,950$1,041,353$871,544$1,502,143
64$1,987,357$1,057,622$865,983$1,587,883
65$2,154,215$1,073,593$859,140$1,681,129
66$2,336,963$1,089,217$850,940$1,782,638
67$2,537,186$1,104,442$841,299$1,893,249
68$2,756,631$1,119,211$830,134$2,013,885
69$2,997,219$1,133,464$817,356$2,145,565
70$3,261,069$1,147,137$802,870$2,289,414
71$3,550,512$1,160,162$786,581$2,446,673
72$3,868,119$1,172,464$768,386$2,618,710
73$4,216,718$1,183,966$748,178$2,807,036
74$4,599,427$1,194,584$725,846$3,013,314
75$5,019,679$1,204,229$701,272$3,239,384
76$5,481,257$1,212,807$674,336$3,487,270
77$5,988,328$1,220,217$644,908$3,759,209
78$6,545,481$1,226,351$612,856$4,057,666
79$7,157,773$1,231,096$578,040$4,385,360
80$7,830,776$1,234,329$540,315$4,745,289
81$8,570,627$1,235,923$499,527$5,140,763
82$9,384,088$1,235,740$455,518$5,575,428
83$10,278,608$1,233,635$408,121$6,053,307
84$11,262,396$1,229,453$357,163$6,578,837
85$12,344,494$1,223,030$302,462$7,156,909
86$13,534,866$1,214,192$243,828$7,792,920
87$14,844,490$1,202,755$181,064$8,492,816
88$16,285,461$1,188,523$113,963$9,263,159
89$17,871,107$1,171,289$42,309$10,111,181
90$19,616,111$1,150,834$0$11,044,858
91$21,536,653$1,126,924$0$12,083,917
92$23,650,561$1,099,312$0$13,242,282
93$25,977,479$1,067,739$0$14,517,165
94$28,539,051$1,031,927$0$15,920,434
95$31,359,127$991,584$0$17,465,168
96$34,463,987$946,401$0$19,165,782
97$37,882,589$896,050$0$21,038,162
98$41,646,842$840,186$0$23,099,816
99$45,791,906$778,441$0$25,370,040
100$50,356,524$710,428$0$27,870,100