Can I retire at age 54 with 845,000?

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 $845,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.9%
1 years$69,779$69,158$68,551$67,959$67,381$65,225
2 years$34,544$33,901$33,277$32,673$32,086$29,933
3 years$22,801$22,155$21,533$20,934$20,357$18,275
4 years$16,930$16,286$15,670$15,082$14,519$12,524
5 years$13,409$12,768$12,161$11,584$11,037$9,135
6 years$11,062$10,426$9,828$9,264$8,733$6,925
7 years$9,386$8,756$8,167$7,616$7,102$5,389
8 years$8,130$7,506$6,926$6,389$5,892$4,271
9 years$7,153$6,535$5,965$5,442$4,962$3,432
10 years$6,373$5,760$5,201$4,691$4,228$2,787
11 years$5,734$5,128$4,579$4,083$3,636$2,281
12 years$5,203$4,603$4,064$3,581$3,151$1,879
13 years$4,753$4,159$3,630$3,162$2,748$1,556
14 years$4,368$3,781$3,262$2,807$2,409$1,293
15 years$4,035$3,454$2,945$2,503$2,121$1,079
16 years$3,744$3,169$2,670$2,241$1,874$902
17 years$3,487$2,918$2,430$2,014$1,662$756
18 years$3,259$2,697$2,218$1,815$1,478$635
19 years$3,055$2,499$2,031$1,640$1,317$534
20 years$2,872$2,322$1,864$1,485$1,176$450
21 years$2,706$2,163$1,714$1,348$1,053$380
22 years$2,556$2,019$1,580$1,225$944$320
23 years$2,419$1,889$1,459$1,116$847$271
24 years$2,294$1,770$1,349$1,018$761$229
25 years$2,179$1,661$1,249$930$685$193
26 years$2,072$1,561$1,159$850$617$164
27 years$1,974$1,469$1,076$778$556$139
28 years$1,883$1,384$1,000$713$502$117
29 years$1,799$1,306$931$654$453$99
30 years$1,720$1,233$867$600$410$84
31 years$1,647$1,166$808$551$370$71
32 years$1,578$1,103$754$506$335$60
33 years$1,513$1,045$704$466$303$51
34 years$1,453$990$658$428$274$43
35 years$1,396$939$615$394$249$37
36 years$1,342$891$575$363$225$31
37 years$1,291$846$539$335$204$26
38 years$1,244$804$504$308$185$22
39 years$1,198$765$473$284$168$19
40 years$1,155$728$443$262$152$16
41 years$1,115$693$415$242$138$14
42 years$1,076$660$390$223$125$12
43 years$1,039$629$366$206$114$10
44 years$1,004$599$343$190$103$8
45 years$971$571$322$176$94$7
46 years$939$545$303$162$85$6
47 years$908$520$284$150$77$5
48 years$879$497$267$139$70$4
49 years$852$474$251$128$64$4
50 years$825$453$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 $845,000, adding $4,058 every year, while hoping to spend $28,914 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: 61/27/12 Blend
53$845,000$845,000$845,000$845,000
54$935,376$890,591$877,493$989,514
55$1,000,020$903,466$876,125$1,039,224
56$1,070,289$916,002$873,742$1,089,792
57$1,146,725$928,153$870,279$1,144,266
58$1,229,927$939,869$865,670$1,203,024
59$1,320,552$951,095$859,842$1,266,485
60$1,419,324$961,774$852,722$1,335,110
61$1,527,038$971,844$844,232$1,409,408
62$1,644,573$981,241$834,290$1,489,938
63$1,772,891$989,894$822,811$1,577,319
64$1,913,057$997,729$809,706$1,672,234
65$2,066,238$1,004,667$794,880$1,775,433
66$2,233,722$1,010,624$778,237$1,887,747
67$2,416,926$1,015,509$759,672$2,010,091
68$2,617,412$1,019,228$739,080$2,143,472
69$2,836,896$1,021,679$716,348$2,289,004
70$3,077,272$1,022,754$691,358$2,447,914
71$3,340,623$1,022,338$663,988$2,621,554
72$3,629,245$1,020,310$634,109$2,811,418
73$3,945,663$1,016,541$601,588$3,019,150
74$4,292,663$1,010,894$566,283$3,246,567
75$4,673,310$1,003,223$528,049$3,495,670
76$5,090,981$993,374$486,732$3,768,667
77$5,549,396$981,185$442,172$4,067,991
78$6,052,652$966,480$394,203$4,396,328
79$6,605,262$949,077$342,648$4,756,638
80$7,212,199$928,782$287,327$5,152,186
81$7,878,939$905,388$228,048$5,586,572
82$8,611,516$878,677$164,613$6,063,764
83$9,416,577$848,419$96,813$6,588,142
84$10,301,444$814,368$24,434$7,164,530
85$11,274,187$776,267$0$7,798,252
86$12,343,691$733,842$0$8,501,937
87$13,519,751$686,803$0$9,279,072
88$14,813,154$634,845$0$10,133,691
89$16,235,788$577,644$0$11,073,693
90$17,800,748$514,859$0$12,107,784
91$19,522,465$446,128$0$13,245,563
92$21,416,838$371,069$0$14,497,607
93$23,501,384$289,280$0$15,875,579
94$25,795,404$200,334$0$17,392,333
95$28,320,166$103,781$0$19,062,037
96$31,099,103$0$0$20,900,309
97$34,158,035$0$0$22,924,618
98$37,525,414$0$0$25,187,068
99$41,232,588$0$0$27,677,899
100$45,314,100$0$0$30,420,330