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%14.4%
1 years$69,944$69,321$68,714$68,120$67,541$66,313
2 years$34,626$33,981$33,356$32,750$32,162$30,930
3 years$22,855$22,207$21,584$20,983$20,405$19,206
4 years$16,970$16,325$15,707$15,117$14,553$13,397
5 years$13,440$12,799$12,190$11,612$11,063$9,953
6 years$11,088$10,451$9,851$9,286$8,754$7,691
7 years$9,408$8,777$8,186$7,634$7,119$6,104
8 years$8,149$7,523$6,943$6,404$5,906$4,938
9 years$7,170$6,550$5,980$5,455$4,974$4,053
10 years$6,388$5,774$5,213$4,702$4,238$3,363
11 years$5,748$5,140$4,590$4,092$3,645$2,815
12 years$5,215$4,613$4,073$3,590$3,158$2,373
13 years$4,765$4,169$3,639$3,169$2,754$2,011
14 years$4,379$3,790$3,270$2,813$2,414$1,713
15 years$4,045$3,462$2,952$2,509$2,126$1,464
16 years$3,753$3,176$2,677$2,246$1,879$1,255
17 years$3,495$2,925$2,436$2,018$1,666$1,080
18 years$3,267$2,703$2,223$1,819$1,481$930
19 years$3,062$2,505$2,035$1,644$1,320$803
20 years$2,879$2,328$1,868$1,489$1,179$695
21 years$2,713$2,168$1,718$1,351$1,055$602
22 years$2,562$2,024$1,584$1,228$946$522
23 years$2,425$1,893$1,462$1,119$849$453
24 years$2,299$1,774$1,352$1,020$763$394
25 years$2,184$1,665$1,252$932$687$342
26 years$2,077$1,564$1,162$852$619$298
27 years$1,979$1,472$1,079$780$558$259
28 years$1,888$1,387$1,003$715$503$226
29 years$1,803$1,309$933$655$454$197
30 years$1,724$1,236$869$601$411$172
31 years$1,650$1,168$810$552$371$150
32 years$1,581$1,106$756$508$336$131
33 years$1,517$1,047$706$467$304$114
34 years$1,456$992$660$429$275$100
35 years$1,399$941$617$395$249$87
36 years$1,345$893$577$364$226$76
37 years$1,294$848$540$335$205$66
38 years$1,246$806$506$309$186$58
39 years$1,201$767$474$285$168$51
40 years$1,158$730$444$263$153$44
41 years$1,117$694$416$243$138$39
42 years$1,078$661$391$224$126$34
43 years$1,041$630$366$207$114$29
44 years$1,006$601$344$191$103$26
45 years$973$573$323$176$94$22
46 years$941$546$303$163$85$20
47 years$911$521$285$150$77$17
48 years$881$498$268$139$70$15
49 years$854$475$252$128$64$13
50 years$827$454$237$119$58$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $847,000, adding $4,144 every year, while hoping to spend $36,537 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: 42/46/12 Blend
53$847,000$847,000$847,000$847,000
54$937,669$892,778$879,649$973,589
55$994,436$897,649$870,242$1,004,041
56$1,055,768$901,534$859,296$1,033,031
57$1,122,094$904,346$846,719$1,063,614
58$1,193,882$905,993$832,419$1,095,952
59$1,271,648$906,377$816,295$1,130,224
60$1,355,960$905,394$798,245$1,166,630
61$1,447,442$902,932$778,160$1,205,392
62$1,546,780$898,875$755,927$1,246,757
63$1,654,730$893,097$731,429$1,291,000
64$1,772,120$885,467$704,540$1,338,425
65$1,899,866$875,844$675,131$1,389,372
66$2,038,971$864,080$643,067$1,444,219
67$2,190,543$850,017$608,207$1,503,383
68$2,355,799$833,488$570,402$1,567,328
69$2,536,078$814,317$529,498$1,636,572
70$2,732,856$792,315$485,334$1,711,686
71$2,947,754$767,286$437,740$1,793,305
72$3,182,561$739,019$386,540$1,882,133
73$3,439,244$707,292$331,551$1,978,950
74$3,719,968$671,871$272,579$2,084,623
75$4,027,118$632,506$209,424$2,200,110
76$4,363,321$588,936$141,876$2,326,475
77$4,731,467$540,882$69,717$2,464,893
78$5,134,742$488,050$0$2,616,670
79$5,576,652$430,131$0$2,784,183
80$6,061,059$366,795$0$2,977,683
81$6,592,216$297,698$0$3,190,037
82$7,174,809$222,472$0$3,423,235
83$7,813,997$140,730$0$3,679,478
84$8,515,464$52,066$0$3,961,202
85$9,285,471$0$0$4,271,094
86$10,130,913$0$0$4,634,376
87$11,059,388$0$0$5,062,390
88$12,079,263$0$0$5,532,655
89$13,199,758$0$0$6,049,434
90$14,431,028$0$0$6,617,427
91$15,784,262$0$0$7,241,810
92$17,271,786$0$0$7,928,287
93$18,907,179$0$0$8,683,140
94$20,705,404$0$0$9,513,293
95$22,682,942$0$0$10,426,372
96$24,857,955$0$0$11,430,780
97$27,250,452$0$0$12,535,778
98$29,882,480$0$0$13,751,565
99$32,778,326$0$0$15,089,383
100$35,964,757$0$0$16,561,616