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%19.8%
1 years$69,614$68,994$68,389$67,799$67,222$64,580
2 years$34,462$33,821$33,199$32,595$32,010$29,381
3 years$22,747$22,102$21,482$20,884$20,309$17,775
4 years$16,890$16,247$15,633$15,046$14,484$12,065
5 years$13,377$12,738$12,132$11,557$11,011$8,712
6 years$11,036$10,402$9,804$9,242$8,712$6,536
7 years$9,364$8,735$8,148$7,598$7,086$5,031
8 years$8,111$7,488$6,910$6,374$5,878$3,943
9 years$7,137$6,519$5,951$5,429$4,950$3,132
10 years$6,358$5,747$5,189$4,680$4,218$2,513
11 years$5,721$5,116$4,568$4,073$3,628$2,031
12 years$5,190$4,592$4,054$3,573$3,144$1,652
13 years$4,742$4,150$3,622$3,154$2,741$1,350
14 years$4,358$3,772$3,254$2,800$2,403$1,108
15 years$4,025$3,446$2,938$2,497$2,116$912
16 years$3,735$3,161$2,664$2,236$1,870$752
17 years$3,479$2,911$2,424$2,009$1,658$622
18 years$3,251$2,690$2,213$1,810$1,474$515
19 years$3,048$2,493$2,026$1,636$1,314$427
20 years$2,865$2,317$1,859$1,482$1,174$354
21 years$2,700$2,158$1,710$1,345$1,050$294
22 years$2,550$2,015$1,576$1,223$941$245
23 years$2,413$1,884$1,455$1,113$845$204
24 years$2,288$1,765$1,346$1,015$760$170
25 years$2,173$1,657$1,247$927$684$141
26 years$2,067$1,557$1,156$848$616$118
27 years$1,970$1,465$1,074$776$555$98
28 years$1,879$1,381$998$711$501$82
29 years$1,795$1,303$929$652$452$68
30 years$1,716$1,230$865$598$409$57
31 years$1,643$1,163$806$550$369$47
32 years$1,574$1,100$752$505$334$40
33 years$1,510$1,042$703$465$302$33
34 years$1,449$988$656$427$274$28
35 years$1,392$937$614$393$248$23
36 years$1,339$889$574$362$225$19
37 years$1,288$844$537$334$204$16
38 years$1,241$803$503$308$185$13
39 years$1,195$763$471$284$167$11
40 years$1,153$726$442$262$152$9
41 years$1,112$691$414$241$138$8
42 years$1,073$658$389$223$125$6
43 years$1,037$627$365$206$113$5
44 years$1,002$598$342$190$103$5
45 years$968$570$321$175$94$4
46 years$937$544$302$162$85$3
47 years$906$519$284$150$77$3
48 years$877$495$267$138$70$2
49 years$850$473$251$128$64$2
50 years$823$452$236$118$58$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $843,000, adding $5,216 every year, while hoping to spend $28,677 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: 51/21/28 Blend
53$843,000$843,000$843,000$843,000
54$934,366$889,687$876,621$974,413
55$999,160$902,770$875,475$1,015,951
56$1,069,601$915,532$873,331$1,057,800
57$1,146,235$927,929$870,123$1,102,744
58$1,229,664$939,910$865,784$1,151,090
59$1,320,548$951,423$860,246$1,203,178
60$1,419,613$962,413$853,434$1,259,382
61$1,527,661$972,819$845,272$1,320,118
62$1,645,572$982,577$835,678$1,385,843
63$1,774,316$991,618$824,569$1,457,062
64$1,914,960$999,871$811,856$1,534,334
65$2,068,679$1,007,258$797,446$1,618,276
66$2,236,767$1,013,697$781,243$1,709,568
67$2,420,648$1,019,098$763,145$1,808,963
68$2,621,891$1,023,370$743,047$1,917,290
69$2,842,221$1,026,413$720,837$2,035,466
70$3,083,542$1,028,122$696,399$2,164,504
71$3,347,947$1,028,383$669,612$2,305,521
72$3,637,742$1,027,079$640,349$2,459,749
73$3,955,468$1,024,082$608,477$2,628,551
74$4,303,923$1,019,259$573,858$2,813,429
75$4,686,187$1,012,467$536,346$3,016,043
76$5,105,655$1,003,555$495,791$3,238,221
77$5,566,066$992,363$452,033$3,481,985
78$6,071,537$978,721$404,908$3,749,564
79$6,626,604$962,449$354,244$4,043,417
80$7,236,265$943,356$299,858$4,366,260
81$7,906,025$921,241$241,564$4,721,087
82$8,641,947$895,889$179,164$5,111,202
83$9,450,713$867,075$112,453$5,540,252
84$10,339,682$834,559$41,217$6,012,257
85$11,316,964$798,086$0$6,531,656
86$12,391,491$757,390$0$7,113,739
87$13,573,107$712,185$0$7,767,325
88$14,872,654$662,173$0$8,486,115
89$16,302,080$607,035$0$9,276,753
90$17,874,549$546,436$0$10,146,562
91$19,604,565$480,023$0$11,103,615
92$21,508,106$407,419$0$12,156,811
93$23,602,780$328,231$0$13,315,956
94$25,907,988$242,038$0$14,591,862
95$28,445,105$148,401$0$15,996,444
96$31,237,686$46,852$0$17,542,836
97$34,311,681$0$0$19,245,515
98$37,695,689$0$0$21,135,020
99$41,421,218$0$0$23,227,244
100$45,522,988$0$0$25,530,874