Can I retire at age 54 with 846,000?

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 $846,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.2%
1 years$69,862$69,240$68,632$68,040$67,461$67,121
2 years$34,585$33,941$33,317$32,711$32,124$31,781
3 years$22,828$22,181$21,558$20,959$20,381$20,045
4 years$16,950$16,305$15,689$15,099$14,536$14,210
5 years$13,425$12,784$12,175$11,598$11,050$10,735
6 years$11,075$10,439$9,839$9,275$8,743$8,440
7 years$9,397$8,766$8,177$7,625$7,111$6,819
8 years$8,140$7,514$6,934$6,397$5,899$5,619
9 years$7,162$6,543$5,973$5,449$4,968$4,699
10 years$6,380$5,767$5,207$4,697$4,233$3,975
11 years$5,741$5,134$4,584$4,088$3,640$3,394
12 years$5,209$4,608$4,068$3,585$3,155$2,920
13 years$4,759$4,164$3,635$3,165$2,751$2,527
14 years$4,373$3,785$3,266$2,810$2,411$2,198
15 years$4,040$3,458$2,949$2,506$2,123$1,920
16 years$3,748$3,173$2,673$2,244$1,877$1,683
17 years$3,491$2,922$2,433$2,016$1,664$1,480
18 years$3,263$2,700$2,221$1,817$1,479$1,305
19 years$3,059$2,502$2,033$1,642$1,319$1,154
20 years$2,875$2,325$1,866$1,487$1,178$1,022
21 years$2,710$2,166$1,716$1,349$1,054$906
22 years$2,559$2,022$1,582$1,227$945$805
23 years$2,422$1,891$1,460$1,117$848$716
24 years$2,296$1,772$1,351$1,019$762$638
25 years$2,181$1,663$1,251$931$686$569
26 years$2,075$1,563$1,160$851$618$508
27 years$1,977$1,471$1,077$779$557$454
28 years$1,886$1,386$1,002$714$503$405
29 years$1,801$1,307$932$654$454$363
30 years$1,722$1,235$868$601$410$325
31 years$1,648$1,167$809$552$371$291
32 years$1,580$1,104$755$507$335$260
33 years$1,515$1,046$705$466$304$233
34 years$1,454$991$659$429$275$209
35 years$1,397$940$616$395$249$188
36 years$1,344$892$576$364$226$168
37 years$1,293$847$539$335$204$151
38 years$1,245$805$505$309$185$135
39 years$1,200$766$473$285$168$122
40 years$1,157$729$443$263$152$109
41 years$1,116$694$416$242$138$98
42 years$1,077$661$390$224$125$88
43 years$1,040$629$366$206$114$79
44 years$1,005$600$344$191$103$71
45 years$972$572$323$176$94$64
46 years$940$546$303$163$85$57
47 years$909$521$285$150$77$52
48 years$880$497$268$139$70$46
49 years$853$475$251$128$64$42
50 years$826$454$236$119$58$37

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $846,000, adding $2,021 every year, while hoping to spend $47,493 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: 43/38/19 Blend
53$846,000$846,000$846,000$846,000
54$934,377$889,539$876,426$969,307
55$979,151$882,594$855,254$987,221
56$1,026,900$873,717$831,781$1,001,809
57$1,077,878$862,763$805,880$1,016,626
58$1,132,362$849,579$777,417$1,031,716
59$1,190,657$834,002$746,254$1,047,131
60$1,253,096$815,860$712,245$1,062,932
61$1,320,044$794,970$675,238$1,079,190
62$1,391,904$771,139$635,074$1,095,988
63$1,469,116$744,162$591,587$1,113,419
64$1,552,164$713,824$544,603$1,131,593
65$1,641,578$679,895$493,940$1,150,634
66$1,737,941$642,133$439,410$1,170,686
67$1,841,896$600,281$380,815$1,191,911
68$1,954,143$554,069$317,946$1,214,493
69$2,075,458$503,211$250,590$1,238,644
70$2,206,690$447,403$178,520$1,264,601
71$2,348,773$386,327$101,501$1,292,632
72$2,502,734$319,643$19,287$1,323,043
73$2,669,702$246,994$0$1,356,174
74$2,850,919$168,004$0$1,406,290
75$3,047,750$82,274$0$1,465,021
76$3,261,699$0$0$1,528,997
77$3,494,417$0$0$1,603,264
78$3,747,724$0$0$1,721,639
79$4,023,619$0$0$1,850,665
80$4,324,305$0$0$1,991,385
81$4,652,204$0$0$2,144,945
82$5,009,984$0$0$2,312,607
83$5,400,580$0$0$2,495,760
84$5,827,224$0$0$2,695,934
85$6,293,473$0$0$2,914,812
86$6,803,243$0$0$3,154,248
87$7,360,846$0$0$3,416,283
88$7,971,030$0$0$3,703,166
89$8,639,024$0$0$4,017,371
90$9,370,584$0$0$4,361,624
91$10,172,050$0$0$4,738,926
92$11,050,404$0$0$5,152,585
93$12,013,335$0$0$5,606,242
94$13,069,313$0$0$6,103,906
95$14,227,665$0$0$6,649,995
96$15,498,666$0$0$7,249,376
97$16,893,631$0$0$7,907,407
98$18,425,027$0$0$8,629,994
99$20,106,585$0$0$9,423,639
100$21,953,432$0$0$10,295,508