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%20%
1 years$69,944$69,321$68,714$68,120$67,541$64,836
2 years$34,626$33,981$33,356$32,750$32,162$29,471
3 years$22,855$22,207$21,584$20,983$20,405$17,812
4 years$16,970$16,325$15,707$15,117$14,553$12,078
5 years$13,440$12,799$12,190$11,612$11,063$8,713
6 years$11,088$10,451$9,851$9,286$8,754$6,529
7 years$9,408$8,777$8,186$7,634$7,119$5,020
8 years$8,149$7,523$6,943$6,404$5,906$3,930
9 years$7,170$6,550$5,980$5,455$4,974$3,117
10 years$6,388$5,774$5,213$4,702$4,238$2,498
11 years$5,748$5,140$4,590$4,092$3,645$2,017
12 years$5,215$4,613$4,073$3,590$3,158$1,638
13 years$4,765$4,169$3,639$3,169$2,754$1,337
14 years$4,379$3,790$3,270$2,813$2,414$1,095
15 years$4,045$3,462$2,952$2,509$2,126$900
16 years$3,753$3,176$2,677$2,246$1,879$741
17 years$3,495$2,925$2,436$2,018$1,666$612
18 years$3,267$2,703$2,223$1,819$1,481$506
19 years$3,062$2,505$2,035$1,644$1,320$419
20 years$2,879$2,328$1,868$1,489$1,179$347
21 years$2,713$2,168$1,718$1,351$1,055$288
22 years$2,562$2,024$1,584$1,228$946$239
23 years$2,425$1,893$1,462$1,119$849$199
24 years$2,299$1,774$1,352$1,020$763$165
25 years$2,184$1,665$1,252$932$687$137
26 years$2,077$1,564$1,162$852$619$114
27 years$1,979$1,472$1,079$780$558$95
28 years$1,888$1,387$1,003$715$503$79
29 years$1,803$1,309$933$655$454$66
30 years$1,724$1,236$869$601$411$55
31 years$1,650$1,168$810$552$371$46
32 years$1,581$1,106$756$508$336$38
33 years$1,517$1,047$706$467$304$32
34 years$1,456$992$660$429$275$26
35 years$1,399$941$617$395$249$22
36 years$1,345$893$577$364$226$18
37 years$1,294$848$540$335$205$15
38 years$1,246$806$506$309$186$13
39 years$1,201$767$474$285$168$11
40 years$1,158$730$444$263$153$9
41 years$1,117$694$416$243$138$7
42 years$1,078$661$391$224$126$6
43 years$1,041$630$366$207$114$5
44 years$1,006$601$344$191$103$4
45 years$973$573$323$176$94$4
46 years$941$546$303$163$85$3
47 years$911$521$285$150$77$2
48 years$881$498$268$139$70$2
49 years$854$475$252$128$64$2
50 years$827$454$237$119$58$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $847,000, adding $3,424 every year, while hoping to spend $25,466 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: 76/17/7 Blend
53$847,000$847,000$847,000$847,000
54$936,926$892,035$878,906$1,007,044
55$1,005,397$908,649$881,254$1,070,223
56$1,079,998$925,224$882,827$1,135,848
57$1,161,328$941,730$883,572$1,207,039
58$1,250,046$958,137$883,434$1,284,338
59$1,346,876$974,411$882,355$1,368,342
60$1,452,617$990,517$880,273$1,459,709
61$1,568,147$1,006,415$877,125$1,559,162
62$1,694,432$1,022,064$872,843$1,667,501
63$1,832,538$1,037,419$867,357$1,785,602
64$1,983,638$1,052,433$860,594$1,914,435
65$2,149,021$1,067,054$852,476$2,055,067
66$2,330,109$1,081,228$842,922$2,208,671
67$2,528,468$1,094,896$831,848$2,376,542
68$2,745,820$1,107,995$819,164$2,560,107
69$2,984,066$1,120,458$804,778$2,760,937
70$3,245,295$1,132,215$788,592$2,980,763
71$3,531,810$1,143,189$770,505$3,221,494
72$3,846,148$1,153,298$750,410$3,485,231
73$4,191,103$1,162,457$728,196$3,774,291
74$4,569,751$1,170,573$703,746$4,091,226
75$4,985,482$1,177,548$676,939$4,438,850
76$5,442,031$1,183,278$647,646$4,820,262
77$5,943,512$1,187,652$615,735$5,238,877
78$6,494,454$1,190,551$581,067$5,698,460
79$7,099,851$1,191,850$543,495$6,203,159
80$7,765,201$1,191,417$502,868$6,757,546
81$8,496,564$1,189,109$459,026$7,366,657
82$9,300,615$1,184,776$411,804$8,036,045
83$10,184,707$1,178,259$361,029$8,771,828
84$11,156,942$1,169,388$306,518$9,580,748
85$12,226,247$1,157,985$248,084$10,470,236
86$13,402,456$1,143,860$185,527$11,448,482
87$14,696,407$1,126,809$118,643$12,524,509
88$16,120,039$1,106,621$47,215$13,708,264
89$17,686,505$1,083,068$0$15,010,709
90$19,410,302$1,055,911$0$16,446,088
91$21,307,398$1,024,896$0$18,029,453
92$23,395,391$989,754$0$19,771,964
93$25,693,671$950,202$0$21,689,809
94$28,223,602$905,938$0$23,800,827
95$31,008,725$856,645$0$26,124,677
96$34,074,979$801,985$0$28,683,026
97$37,450,947$741,602$0$31,499,747
98$41,168,124$675,121$0$34,601,151
99$45,261,214$602,143$0$38,016,233
100$49,768,458$522,249$0$41,776,946