Can I retire at age 54 with 844,000?

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 $844,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.6%
1 years$69,697$69,076$68,470$67,879$67,302$65,226
2 years$34,503$33,861$33,238$32,634$32,048$29,975
3 years$22,774$22,128$21,507$20,909$20,333$18,327
4 years$16,910$16,267$15,652$15,064$14,502$12,579
5 years$13,393$12,753$12,146$11,570$11,024$9,189
6 years$11,049$10,414$9,816$9,253$8,723$6,978
7 years$9,375$8,746$8,157$7,607$7,094$5,439
8 years$8,120$7,497$6,918$6,382$5,885$4,319
9 years$7,145$6,527$5,958$5,436$4,956$3,477
10 years$6,365$5,753$5,195$4,686$4,223$2,828
11 years$5,728$5,122$4,573$4,078$3,632$2,319
12 years$5,197$4,597$4,059$3,577$3,147$1,914
13 years$4,748$4,154$3,626$3,158$2,744$1,588
14 years$4,363$3,776$3,258$2,803$2,406$1,323
15 years$4,030$3,450$2,942$2,500$2,118$1,106
16 years$3,739$3,165$2,667$2,238$1,872$927
17 years$3,483$2,915$2,427$2,011$1,660$779
18 years$3,255$2,693$2,215$1,813$1,476$656
19 years$3,051$2,496$2,028$1,638$1,316$553
20 years$2,868$2,320$1,861$1,483$1,175$467
21 years$2,703$2,161$1,712$1,346$1,052$395
22 years$2,553$2,017$1,578$1,224$943$334
23 years$2,416$1,886$1,457$1,115$846$283
24 years$2,291$1,767$1,347$1,017$760$239
25 years$2,176$1,659$1,248$929$684$203
26 years$2,070$1,559$1,157$849$616$172
27 years$1,972$1,467$1,075$777$556$146
28 years$1,881$1,382$999$712$501$124
29 years$1,797$1,304$930$653$453$105
30 years$1,718$1,232$866$599$409$89
31 years$1,645$1,164$807$550$370$76
32 years$1,576$1,102$753$506$335$64
33 years$1,511$1,043$703$465$303$55
34 years$1,451$989$657$428$274$47
35 years$1,394$938$614$394$248$40
36 years$1,340$890$575$363$225$34
37 years$1,290$845$538$334$204$29
38 years$1,242$803$504$308$185$24
39 years$1,197$764$472$284$168$21
40 years$1,154$727$442$262$152$18
41 years$1,113$692$415$242$138$15
42 years$1,075$659$389$223$125$13
43 years$1,038$628$365$206$114$11
44 years$1,003$599$343$190$103$9
45 years$969$571$322$176$94$8
46 years$938$544$302$162$85$7
47 years$907$520$284$150$77$6
48 years$878$496$267$138$70$5
49 years$851$474$251$128$64$4
50 years$824$452$236$118$58$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $844,000, adding $5,782 every year, while hoping to spend $45,155 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: 61/19/20 Blend
53$844,000$844,000$844,000$844,000
54$936,052$891,320$878,238$987,947
55$983,485$886,950$859,615$1,019,337
56$1,034,242$880,853$838,854$1,048,069
57$1,088,616$872,896$815,836$1,078,399
58$1,146,926$862,938$790,437$1,110,487
59$1,209,522$850,832$762,527$1,144,513
60$1,276,789$836,419$731,968$1,180,677
61$1,349,151$819,533$698,618$1,219,199
62$1,427,071$799,996$662,328$1,260,326
63$1,511,058$777,622$622,942$1,304,330
64$1,601,672$752,212$580,297$1,351,515
65$1,699,528$723,556$534,222$1,402,218
66$1,805,302$691,432$484,541$1,456,810
67$1,919,736$655,605$431,066$1,515,708
68$2,043,646$615,827$373,604$1,579,369
69$2,177,931$571,835$311,952$1,648,304
70$2,323,576$523,351$245,899$1,723,076
71$2,481,667$470,082$175,223$1,804,310
72$2,653,398$411,717$99,693$1,892,701
73$2,840,081$347,927$19,070$1,989,015
74$3,043,161$278,367$0$2,094,102
75$3,264,227$202,671$0$2,223,196
76$3,505,027$120,451$0$2,368,318
77$3,767,487$31,300$0$2,526,607
78$4,053,723$0$0$2,699,400
79$4,366,067$0$0$2,901,807
80$4,707,083$0$0$3,130,001
81$5,079,598$0$0$3,379,336
82$5,486,719$0$0$3,651,900
83$5,931,871$0$0$3,949,993
84$6,418,821$0$0$4,276,149
85$6,951,720$0$0$4,633,155
86$7,535,137$0$0$5,024,082
87$8,174,105$0$0$5,452,311
88$8,874,165$0$0$5,921,567
89$9,641,419$0$0$6,435,950
90$10,482,588$0$0$6,999,977
91$11,405,076$0$0$7,618,623
92$12,417,036$0$0$8,297,368
93$13,527,448$0$0$9,042,246
94$14,746,203$0$0$9,859,906
95$16,084,199$0$0$10,757,671
96$17,553,438$0$0$11,743,607
97$19,167,142$0$0$12,826,602
98$20,939,876$0$0$14,016,444
99$22,887,685$0$0$15,323,918
100$25,028,248$0$0$16,760,906