Can I retire at age 54 with 847,000?

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 $847,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.6%
1 years$69,944$69,321$68,714$68,120$67,541$66,808
2 years$34,626$33,981$33,356$32,750$32,162$31,424
3 years$22,855$22,207$21,584$20,983$20,405$19,685
4 years$16,970$16,325$15,707$15,117$14,553$13,856
5 years$13,440$12,799$12,190$11,612$11,063$10,392
6 years$11,088$10,451$9,851$9,286$8,754$8,109
7 years$9,408$8,777$8,186$7,634$7,119$6,501
8 years$8,149$7,523$6,943$6,404$5,906$5,314
9 years$7,170$6,550$5,980$5,455$4,974$4,408
10 years$6,388$5,774$5,213$4,702$4,238$3,698
11 years$5,748$5,140$4,590$4,092$3,645$3,130
12 years$5,215$4,613$4,073$3,590$3,158$2,669
13 years$4,765$4,169$3,639$3,169$2,754$2,289
14 years$4,379$3,790$3,270$2,813$2,414$1,973
15 years$4,045$3,462$2,952$2,509$2,126$1,707
16 years$3,753$3,176$2,677$2,246$1,879$1,483
17 years$3,495$2,925$2,436$2,018$1,666$1,291
18 years$3,267$2,703$2,223$1,819$1,481$1,127
19 years$3,062$2,505$2,035$1,644$1,320$986
20 years$2,879$2,328$1,868$1,489$1,179$865
21 years$2,713$2,168$1,718$1,351$1,055$759
22 years$2,562$2,024$1,584$1,228$946$668
23 years$2,425$1,893$1,462$1,119$849$588
24 years$2,299$1,774$1,352$1,020$763$518
25 years$2,184$1,665$1,252$932$687$457
26 years$2,077$1,564$1,162$852$619$403
27 years$1,979$1,472$1,079$780$558$356
28 years$1,888$1,387$1,003$715$503$315
29 years$1,803$1,309$933$655$454$278
30 years$1,724$1,236$869$601$411$246
31 years$1,650$1,168$810$552$371$218
32 years$1,581$1,106$756$508$336$193
33 years$1,517$1,047$706$467$304$171
34 years$1,456$992$660$429$275$152
35 years$1,399$941$617$395$249$134
36 years$1,345$893$577$364$226$119
37 years$1,294$848$540$335$205$106
38 years$1,246$806$506$309$186$94
39 years$1,201$767$474$285$168$83
40 years$1,158$730$444$263$153$74
41 years$1,117$694$416$243$138$65
42 years$1,078$661$391$224$126$58
43 years$1,041$630$366$207$114$51
44 years$1,006$601$344$191$103$46
45 years$973$573$323$176$94$41
46 years$941$546$303$163$85$36
47 years$911$521$285$150$77$32
48 years$881$498$268$139$70$28
49 years$854$475$252$128$64$25
50 years$827$454$237$119$58$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $847,000, adding $5,185 every year, while hoping to spend $54,587 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: 70/22/8 Blend
53$847,000$847,000$847,000$847,000
54$938,742$893,851$880,723$1,002,793
55$976,414$879,570$852,147$1,031,577
56$1,016,098$862,759$820,784$1,055,872
57$1,057,944$843,238$786,484$1,080,971
58$1,102,110$820,813$749,087$1,106,939
59$1,148,774$795,281$708,430$1,133,852
60$1,198,127$766,427$664,340$1,161,794
61$1,250,377$734,024$616,637$1,190,859
62$1,305,753$697,828$565,132$1,221,151
63$1,364,504$657,586$509,628$1,252,789
64$1,426,903$613,027$449,920$1,285,902
65$1,493,248$563,866$385,793$1,320,639
66$1,563,865$509,802$317,023$1,357,162
67$1,639,112$450,515$243,376$1,395,654
68$1,719,380$385,669$164,608$1,436,320
69$1,805,097$314,907$80,463$1,479,387
70$1,896,733$237,853$0$1,525,109
71$1,994,803$154,111$0$1,574,565
72$2,099,871$63,260$0$1,634,654
73$2,212,556$0$0$1,698,877
74$2,333,537$0$0$1,776,156
75$2,463,561$0$0$1,875,703
76$2,603,445$0$0$1,982,832
77$2,754,088$0$0$2,098,236
78$2,916,477$0$0$2,222,675
79$3,091,697$0$0$2,356,986
80$3,280,937$0$0$2,502,085
81$3,485,507$0$0$2,658,983
82$3,706,846$0$0$2,828,787
83$3,946,535$0$0$3,012,717
84$4,206,312$0$0$3,212,112
85$4,488,089$0$0$3,428,447
86$4,793,969$0$0$3,663,342
87$5,126,263$0$0$3,918,580
88$5,487,515$0$0$4,196,122
89$5,880,524$0$0$4,498,125
90$6,308,368$0$0$4,826,963
91$6,774,436$0$0$5,185,249
92$7,282,454$0$0$5,575,857
93$7,836,527$0$0$6,001,951
94$8,441,170$0$0$6,467,014
95$9,101,354$0$0$6,974,878
96$9,822,551$0$0$7,529,763
97$10,610,785$0$0$8,136,315
98$11,472,688$0$0$8,799,649
99$12,415,564$0$0$9,525,396
100$13,447,451$0$0$10,319,757