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%15.8%
1 years$69,862$69,240$68,632$68,040$67,461$65,857
2 years$34,585$33,941$33,317$32,711$32,124$30,518
3 years$22,828$22,181$21,558$20,959$20,381$18,822
4 years$16,950$16,305$15,689$15,099$14,536$13,036
5 years$13,425$12,784$12,175$11,598$11,050$9,614
6 years$11,075$10,439$9,839$9,275$8,743$7,373
7 years$9,397$8,766$8,177$7,625$7,111$5,806
8 years$8,140$7,514$6,934$6,397$5,899$4,659
9 years$7,162$6,543$5,973$5,449$4,968$3,792
10 years$6,380$5,767$5,207$4,697$4,233$3,119
11 years$5,741$5,134$4,584$4,088$3,640$2,588
12 years$5,209$4,608$4,068$3,585$3,155$2,161
13 years$4,759$4,164$3,635$3,165$2,751$1,815
14 years$4,373$3,785$3,266$2,810$2,411$1,531
15 years$4,040$3,458$2,949$2,506$2,123$1,296
16 years$3,748$3,173$2,673$2,244$1,877$1,100
17 years$3,491$2,922$2,433$2,016$1,664$937
18 years$3,263$2,700$2,221$1,817$1,479$799
19 years$3,059$2,502$2,033$1,642$1,319$683
20 years$2,875$2,325$1,866$1,487$1,178$585
21 years$2,710$2,166$1,716$1,349$1,054$501
22 years$2,559$2,022$1,582$1,227$945$430
23 years$2,422$1,891$1,460$1,117$848$369
24 years$2,296$1,772$1,351$1,019$762$317
25 years$2,181$1,663$1,251$931$686$273
26 years$2,075$1,563$1,160$851$618$235
27 years$1,977$1,471$1,077$779$557$202
28 years$1,886$1,386$1,002$714$503$174
29 years$1,801$1,307$932$654$454$150
30 years$1,722$1,235$868$601$410$129
31 years$1,648$1,167$809$552$371$111
32 years$1,580$1,104$755$507$335$96
33 years$1,515$1,046$705$466$304$83
34 years$1,454$991$659$429$275$71
35 years$1,397$940$616$395$249$62
36 years$1,344$892$576$364$226$53
37 years$1,293$847$539$335$204$46
38 years$1,245$805$505$309$185$40
39 years$1,200$766$473$285$168$34
40 years$1,157$729$443$263$152$30
41 years$1,116$694$416$242$138$25
42 years$1,077$661$390$224$125$22
43 years$1,040$629$366$206$114$19
44 years$1,005$600$344$191$103$16
45 years$972$572$323$176$94$14
46 years$940$546$303$163$85$12
47 years$909$521$285$150$77$11
48 years$880$497$268$139$70$9
49 years$853$475$251$128$64$8
50 years$826$454$236$119$58$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $846,000, adding $2,012 every year, while hoping to spend $28,310 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: 60/28/12 Blend
53$846,000$846,000$846,000$846,000
54$934,367$889,529$876,416$987,606
55$999,551$902,995$875,655$1,037,107
56$1,070,435$916,171$873,919$1,087,705
57$1,147,570$929,014$871,146$1,142,213
58$1,231,564$941,477$867,270$1,201,009
59$1,323,083$953,509$862,224$1,264,512
60$1,422,863$965,057$855,934$1,333,183
61$1,531,713$976,063$848,326$1,407,531
62$1,650,523$986,465$839,320$1,488,117
63$1,780,272$996,198$828,833$1,575,558
64$1,922,040$1,005,191$816,779$1,670,538
65$2,077,014$1,013,371$803,066$1,773,808
66$2,246,501$1,020,658$787,601$1,886,197
67$2,431,941$1,026,968$770,283$2,008,621
68$2,634,920$1,032,210$751,008$2,142,088
69$2,857,182$1,036,289$729,667$2,287,711
70$3,100,650$1,039,103$706,147$2,446,718
71$3,367,442$1,040,544$680,328$2,620,461
72$3,659,887$1,040,497$652,085$2,810,432
73$3,980,555$1,038,840$621,289$3,018,279
74$4,332,272$1,035,444$587,803$3,245,815
75$4,718,154$1,030,171$551,485$3,495,042
76$5,141,632$1,022,875$512,186$3,768,168
77$5,606,485$1,013,402$469,750$4,067,627
78$6,116,875$1,001,588$424,016$4,396,103
79$6,677,389$987,259$374,813$4,756,557
80$7,293,078$970,230$321,964$5,152,252
81$7,969,507$950,306$265,285$5,586,788
82$8,712,806$927,281$204,582$6,064,134
83$9,529,730$900,935$139,653$6,588,667
84$10,427,720$871,038$70,288$7,165,211
85$11,414,971$837,343$0$7,799,089
86$12,500,517$799,591$0$8,496,646
87$13,694,306$757,508$0$9,273,507
88$15,007,303$710,803$0$10,127,827
89$16,451,584$659,169$0$11,067,501
90$18,040,459$602,281$0$12,101,233
91$19,788,589$539,796$0$13,238,617
92$21,712,131$471,352$0$14,490,229
93$23,828,885$396,565$0$15,867,725
94$26,158,464$315,030$0$17,383,956
95$28,722,480$226,319$0$19,053,084
96$31,544,746$129,981$0$20,890,721
97$34,651,498$25,538$0$22,914,076
98$38,071,648$0$0$25,142,117
99$41,837,053$0$0$27,622,714
100$45,982,816$0$0$30,362,634