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%17.4%
1 years$69,944$69,321$68,714$68,120$67,541$65,510
2 years$34,626$33,981$33,356$32,750$32,162$30,133
3 years$22,855$22,207$21,584$20,983$20,405$18,442
4 years$16,970$16,325$15,707$15,117$14,553$12,670
5 years$13,440$12,799$12,190$11,612$11,063$9,266
6 years$11,088$10,451$9,851$9,286$8,754$7,044
7 years$9,408$8,777$8,186$7,634$7,119$5,497
8 years$8,149$7,523$6,943$6,404$5,906$4,370
9 years$7,170$6,550$5,980$5,455$4,974$3,522
10 years$6,388$5,774$5,213$4,702$4,238$2,869
11 years$5,748$5,140$4,590$4,092$3,645$2,356
12 years$5,215$4,613$4,073$3,590$3,158$1,947
13 years$4,765$4,169$3,639$3,169$2,754$1,617
14 years$4,379$3,790$3,270$2,813$2,414$1,349
15 years$4,045$3,462$2,952$2,509$2,126$1,129
16 years$3,753$3,176$2,677$2,246$1,879$948
17 years$3,495$2,925$2,436$2,018$1,666$798
18 years$3,267$2,703$2,223$1,819$1,481$673
19 years$3,062$2,505$2,035$1,644$1,320$568
20 years$2,879$2,328$1,868$1,489$1,179$480
21 years$2,713$2,168$1,718$1,351$1,055$406
22 years$2,562$2,024$1,584$1,228$946$344
23 years$2,425$1,893$1,462$1,119$849$292
24 years$2,299$1,774$1,352$1,020$763$248
25 years$2,184$1,665$1,252$932$687$210
26 years$2,077$1,564$1,162$852$619$179
27 years$1,979$1,472$1,079$780$558$152
28 years$1,888$1,387$1,003$715$503$129
29 years$1,803$1,309$933$655$454$110
30 years$1,724$1,236$869$601$411$93
31 years$1,650$1,168$810$552$371$79
32 years$1,581$1,106$756$508$336$68
33 years$1,517$1,047$706$467$304$58
34 years$1,456$992$660$429$275$49
35 years$1,399$941$617$395$249$42
36 years$1,345$893$577$364$226$35
37 years$1,294$848$540$335$205$30
38 years$1,246$806$506$309$186$26
39 years$1,201$767$474$285$168$22
40 years$1,158$730$444$263$153$19
41 years$1,117$694$416$243$138$16
42 years$1,078$661$391$224$126$14
43 years$1,041$630$366$207$114$12
44 years$1,006$601$344$191$103$10
45 years$973$573$323$176$94$8
46 years$941$546$303$163$85$7
47 years$911$521$285$150$77$6
48 years$881$498$268$139$70$5
49 years$854$475$252$128$64$4
50 years$827$454$237$119$58$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $847,000, adding $2,887 every year, while hoping to spend $37,900 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: 51/27/22 Blend
53$847,000$847,000$847,000$847,000
54$936,372$891,481$878,352$978,249
55$991,557$894,838$867,452$1,010,881
56$1,051,100$897,090$854,916$1,042,225
57$1,115,406$898,141$840,650$1,075,516
58$1,184,920$897,893$824,554$1,110,952
59$1,260,131$896,238$806,525$1,148,755
60$1,341,574$893,064$786,455$1,189,170
61$1,429,842$888,252$764,228$1,232,469
62$1,525,583$881,673$739,727$1,278,955
63$1,629,512$873,194$712,827$1,328,961
64$1,742,413$862,672$683,397$1,382,861
65$1,865,151$849,954$651,303$1,441,065
66$1,998,676$834,882$616,401$1,504,029
67$2,144,034$817,284$578,543$1,572,261
68$2,302,375$796,981$537,575$1,646,321
69$2,474,966$773,782$493,332$1,726,828
70$2,663,201$747,485$445,647$1,814,472
71$2,868,613$717,877$394,341$1,910,013
72$3,092,890$684,732$339,231$2,014,295
73$3,337,892$647,811$280,122$2,128,250
74$3,605,664$606,860$216,813$2,252,912
75$3,898,458$561,613$149,093$2,389,422
76$4,218,756$511,788$76,743$2,539,045
77$4,569,288$457,084$0$2,703,179
78$4,953,061$397,187$0$2,883,480
79$5,373,387$331,762$0$3,100,780
80$5,833,912$260,458$0$3,338,995
81$6,338,652$182,902$0$3,600,276
82$6,892,031$98,700$0$3,886,997
83$7,498,919$7,438$0$4,201,778
84$8,164,684$0$0$4,547,510
85$8,895,233$0$0$4,954,516
86$9,697,078$0$0$5,403,759
87$10,577,389$0$0$5,897,056
88$11,544,065$0$0$6,438,846
89$12,605,807$0$0$7,034,018
90$13,772,200$0$0$7,687,958
91$15,053,805$0$0$8,406,598
92$16,462,253$0$0$9,196,475
93$18,010,361$0$0$10,064,790
94$19,712,249$0$0$11,019,477
95$21,583,471$0$0$12,069,276
96$23,641,166$0$0$13,223,819
97$25,904,216$0$0$14,493,714
98$28,393,424$0$0$15,890,651
99$31,131,711$0$0$17,427,512
100$34,144,331$0$0$19,118,487