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%19.2%
1 years$69,697$69,076$68,470$67,879$67,302$64,811
2 years$34,503$33,861$33,238$32,634$32,048$29,567
3 years$22,774$22,128$21,507$20,909$20,333$17,939
4 years$16,910$16,267$15,652$15,064$14,502$12,213
5 years$13,393$12,753$12,146$11,570$11,024$8,847
6 years$11,049$10,414$9,816$9,253$8,723$6,660
7 years$9,375$8,746$8,157$7,607$7,094$5,144
8 years$8,120$7,497$6,918$6,382$5,885$4,046
9 years$7,145$6,527$5,958$5,436$4,956$3,225
10 years$6,365$5,753$5,195$4,686$4,223$2,597
11 years$5,728$5,122$4,573$4,078$3,632$2,108
12 years$5,197$4,597$4,059$3,577$3,147$1,721
13 years$4,748$4,154$3,626$3,158$2,744$1,413
14 years$4,363$3,776$3,258$2,803$2,406$1,164
15 years$4,030$3,450$2,942$2,500$2,118$962
16 years$3,739$3,165$2,667$2,238$1,872$797
17 years$3,483$2,915$2,427$2,011$1,660$662
18 years$3,255$2,693$2,215$1,813$1,476$551
19 years$3,051$2,496$2,028$1,638$1,316$459
20 years$2,868$2,320$1,861$1,483$1,175$382
21 years$2,703$2,161$1,712$1,346$1,052$319
22 years$2,553$2,017$1,578$1,224$943$267
23 years$2,416$1,886$1,457$1,115$846$223
24 years$2,291$1,767$1,347$1,017$760$187
25 years$2,176$1,659$1,248$929$684$156
26 years$2,070$1,559$1,157$849$616$131
27 years$1,972$1,467$1,075$777$556$109
28 years$1,881$1,382$999$712$501$92
29 years$1,797$1,304$930$653$453$77
30 years$1,718$1,232$866$599$409$64
31 years$1,645$1,164$807$550$370$54
32 years$1,576$1,102$753$506$335$45
33 years$1,511$1,043$703$465$303$38
34 years$1,451$989$657$428$274$32
35 years$1,394$938$614$394$248$27
36 years$1,340$890$575$363$225$22
37 years$1,290$845$538$334$204$19
38 years$1,242$803$504$308$185$16
39 years$1,197$764$472$284$168$13
40 years$1,154$727$442$262$152$11
41 years$1,113$692$415$242$138$9
42 years$1,075$659$389$223$125$8
43 years$1,038$628$365$206$114$7
44 years$1,003$599$343$190$103$5
45 years$969$571$322$176$94$5
46 years$938$544$302$162$85$4
47 years$907$520$284$150$77$3
48 years$878$496$267$138$70$3
49 years$851$474$251$128$64$2
50 years$824$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 $844,000, adding $4,514 every year, while hoping to spend $45,087 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: 29/46/25 Blend
53$844,000$844,000$844,000$844,000
54$934,744$890,012$876,930$954,487
55$982,116$885,651$858,335$965,901
56$1,032,808$879,564$837,606$973,900
57$1,087,113$871,621$814,624$981,578
58$1,145,348$861,680$789,264$988,937
59$1,207,866$849,594$761,396$995,984
60$1,275,049$835,205$730,883$1,002,731
61$1,347,320$818,347$697,584$1,009,195
62$1,425,143$798,842$661,350$1,015,402
63$1,509,026$776,504$622,023$1,021,383
64$1,599,529$751,134$579,443$1,027,180
65$1,697,265$722,524$533,439$1,032,843
66$1,802,909$690,451$483,833$1,038,436
67$1,917,204$654,682$430,439$1,044,036
68$2,040,965$614,967$373,065$1,049,731
69$2,175,088$571,044$311,506$1,055,632
70$2,320,558$522,637$245,553$1,061,863
71$2,478,460$469,451$174,985$1,068,574
72$2,649,986$411,178$99,570$1,075,935
73$2,836,448$347,488$19,068$1,084,147
74$3,039,287$278,037$0$1,093,439
75$3,260,093$202,459$0$1,121,904
76$3,500,610$120,368$0$1,158,600
77$3,762,762$31,356$0$1,198,853
78$4,048,664$0$0$1,243,131
79$4,360,644$0$0$1,324,863
80$4,701,265$0$0$1,431,555
81$5,073,349$0$0$1,548,232
82$5,480,000$0$0$1,675,887
83$5,924,638$0$0$1,815,609
84$6,411,028$0$0$1,968,599
85$6,943,316$0$0$2,136,180
86$7,526,065$0$0$2,319,808
87$8,164,303$0$0$2,521,087
88$8,863,564$0$0$2,741,783
89$9,629,944$0$0$2,983,842
90$10,470,158$0$0$3,249,406
91$11,391,599$0$0$3,540,835
92$12,402,412$0$0$3,860,731
93$13,511,567$0$0$4,211,955
94$14,728,945$0$0$4,597,664
95$16,065,431$0$0$5,021,332
96$17,533,014$0$0$5,486,786
97$19,144,900$0$0$5,998,246
98$20,915,640$0$0$6,560,357
99$22,861,261$0$0$7,178,237
100$24,999,421$0$0$7,857,525