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%19.2%
1 years$69,862$69,240$68,632$68,040$67,461$64,964
2 years$34,585$33,941$33,317$32,711$32,124$29,637
3 years$22,828$22,181$21,558$20,959$20,381$17,981
4 years$16,950$16,305$15,689$15,099$14,536$12,242
5 years$13,425$12,784$12,175$11,598$11,050$8,868
6 years$11,075$10,439$9,839$9,275$8,743$6,675
7 years$9,397$8,766$8,177$7,625$7,111$5,156
8 years$8,140$7,514$6,934$6,397$5,899$4,055
9 years$7,162$6,543$5,973$5,449$4,968$3,233
10 years$6,380$5,767$5,207$4,697$4,233$2,603
11 years$5,741$5,134$4,584$4,088$3,640$2,113
12 years$5,209$4,608$4,068$3,585$3,155$1,726
13 years$4,759$4,164$3,635$3,165$2,751$1,416
14 years$4,373$3,785$3,266$2,810$2,411$1,167
15 years$4,040$3,458$2,949$2,506$2,123$964
16 years$3,748$3,173$2,673$2,244$1,877$799
17 years$3,491$2,922$2,433$2,016$1,664$663
18 years$3,263$2,700$2,221$1,817$1,479$552
19 years$3,059$2,502$2,033$1,642$1,319$460
20 years$2,875$2,325$1,866$1,487$1,178$383
21 years$2,710$2,166$1,716$1,349$1,054$320
22 years$2,559$2,022$1,582$1,227$945$267
23 years$2,422$1,891$1,460$1,117$848$224
24 years$2,296$1,772$1,351$1,019$762$187
25 years$2,181$1,663$1,251$931$686$156
26 years$2,075$1,563$1,160$851$618$131
27 years$1,977$1,471$1,077$779$557$110
28 years$1,886$1,386$1,002$714$503$92
29 years$1,801$1,307$932$654$454$77
30 years$1,722$1,235$868$601$410$65
31 years$1,648$1,167$809$552$371$54
32 years$1,580$1,104$755$507$335$45
33 years$1,515$1,046$705$466$304$38
34 years$1,454$991$659$429$275$32
35 years$1,397$940$616$395$249$27
36 years$1,344$892$576$364$226$22
37 years$1,293$847$539$335$204$19
38 years$1,245$805$505$309$185$16
39 years$1,200$766$473$285$168$13
40 years$1,157$729$443$263$152$11
41 years$1,116$694$416$242$138$9
42 years$1,077$661$390$224$125$8
43 years$1,040$629$366$206$114$7
44 years$1,005$600$344$191$103$5
45 years$972$572$323$176$94$5
46 years$940$546$303$163$85$4
47 years$909$521$285$150$77$3
48 years$880$497$268$139$70$3
49 years$853$475$251$128$64$2
50 years$826$454$236$119$58$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $846,000, adding $6,614 every year, while hoping to spend $44,930 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: 59/29/12 Blend
53$846,000$846,000$846,000$846,000
54$939,114$894,276$881,163$991,388
55$987,099$890,291$862,877$1,023,390
56$1,038,472$884,604$842,472$1,052,649
57$1,093,532$877,085$819,831$1,083,474
58$1,152,605$867,596$794,829$1,116,021
59$1,216,052$855,989$767,336$1,150,461
60$1,284,265$842,108$737,218$1,186,988
61$1,357,678$825,789$704,332$1,225,814
62$1,436,764$806,856$668,531$1,267,178
63$1,522,047$785,125$629,660$1,311,342
64$1,614,099$760,399$587,556$1,358,600
65$1,713,549$732,471$542,051$1,409,277
66$1,821,090$701,120$492,969$1,463,734
67$1,937,481$666,116$440,124$1,522,373
68$2,063,560$627,211$383,323$1,585,639
69$2,200,245$584,146$322,367$1,654,025
70$2,348,548$536,647$257,044$1,728,079
71$2,509,579$484,422$187,134$1,808,409
72$2,684,562$427,165$112,409$1,895,688
73$2,874,843$364,551$32,630$1,990,663
74$3,081,900$296,237$0$2,094,160
75$3,307,362$221,862$0$2,213,819
76$3,553,022$141,042$0$2,348,828
77$3,820,850$53,373$0$2,496,163
78$4,113,018$0$0$2,657,106
79$4,431,914$0$0$2,846,339
80$4,780,167$0$0$3,071,657
81$5,160,672$0$0$3,317,910
82$5,576,616$0$0$3,587,169
83$6,031,508$0$0$3,881,713
84$6,529,209$0$0$4,204,053
85$7,073,975$0$0$4,556,954
86$7,670,488$0$0$4,943,459
87$8,323,908$0$0$5,366,922
88$9,039,913$0$0$5,831,033
89$9,824,761$0$0$6,339,859
90$10,685,340$0$0$6,897,879
91$11,629,240$0$0$7,510,024
92$12,664,819$0$0$8,181,728
93$13,801,282$0$0$8,918,974
94$15,048,771$0$0$9,728,355
95$16,418,457$0$0$10,617,131
96$17,922,644$0$0$11,593,302
97$19,574,887$0$0$12,665,679
98$21,390,120$0$0$13,843,969
99$23,384,792$0$0$15,138,865
100$25,577,026$0$0$16,562,150