Can I retire at age 54 with 849,000?

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 $849,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.8%
1 years$70,110$69,485$68,876$68,281$67,700$67,189
2 years$34,708$34,061$33,435$32,827$32,238$31,723
3 years$22,909$22,259$21,635$21,033$20,453$19,950
4 years$17,010$16,363$15,744$15,153$14,587$14,100
5 years$13,472$12,829$12,218$11,639$11,089$10,618
6 years$11,114$10,476$9,874$9,308$8,774$8,321
7 years$9,431$8,797$8,206$7,652$7,136$6,701
8 years$8,168$7,541$6,959$6,419$5,920$5,503
9 years$7,187$6,566$5,994$5,468$4,985$4,586
10 years$6,403$5,787$5,225$4,713$4,248$3,866
11 years$5,761$5,152$4,600$4,102$3,653$3,289
12 years$5,227$4,624$4,083$3,598$3,166$2,818
13 years$4,776$4,179$3,648$3,177$2,761$2,430
14 years$4,389$3,799$3,277$2,820$2,420$2,105
15 years$4,054$3,470$2,959$2,515$2,131$1,832
16 years$3,761$3,184$2,683$2,252$1,883$1,599
17 years$3,503$2,932$2,441$2,023$1,670$1,401
18 years$3,274$2,709$2,229$1,823$1,485$1,230
19 years$3,070$2,511$2,040$1,647$1,323$1,082
20 years$2,885$2,333$1,872$1,492$1,182$954
21 years$2,719$2,174$1,722$1,354$1,058$843
22 years$2,568$2,029$1,587$1,231$948$746
23 years$2,431$1,898$1,466$1,121$851$660
24 years$2,305$1,778$1,355$1,023$765$585
25 years$2,189$1,668$1,255$934$688$520
26 years$2,082$1,568$1,164$854$620$462
27 years$1,984$1,476$1,081$782$559$410
28 years$1,892$1,391$1,005$716$504$365
29 years$1,807$1,312$935$657$455$325
30 years$1,728$1,239$871$603$412$289
31 years$1,654$1,171$812$554$372$258
32 years$1,585$1,108$758$509$337$230
33 years$1,520$1,049$708$468$305$205
34 years$1,460$995$661$430$276$183
35 years$1,402$943$618$396$250$163
36 years$1,348$895$578$365$226$146
37 years$1,298$850$541$336$205$130
38 years$1,249$808$507$310$186$116
39 years$1,204$769$475$286$169$104
40 years$1,161$731$445$264$153$93
41 years$1,120$696$417$243$139$83
42 years$1,081$663$391$224$126$74
43 years$1,044$632$367$207$114$66
44 years$1,009$602$345$191$104$59
45 years$975$574$324$177$94$53
46 years$943$548$304$163$86$47
47 years$913$523$286$151$78$42
48 years$884$499$268$139$71$38
49 years$856$476$252$129$64$34
50 years$829$455$237$119$58$30

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $849,000, adding $5,801 every year, while hoping to spend $21,153 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: 64/29/7 Blend
53$849,000$849,000$849,000$849,000
54$941,582$896,585$883,425$1,000,251
55$1,015,116$918,011$890,513$1,061,475
56$1,095,443$939,778$897,130$1,125,286
57$1,183,231$961,880$903,237$1,194,427
58$1,279,219$984,311$908,794$1,269,413
59$1,384,220$1,007,063$913,759$1,350,813
60$1,499,129$1,030,127$918,089$1,439,251
61$1,624,930$1,053,493$921,735$1,535,416
62$1,762,710$1,077,151$924,649$1,640,066
63$1,913,661$1,101,087$926,780$1,754,037
64$2,079,102$1,125,287$928,074$1,878,249
65$2,260,480$1,149,735$928,474$2,013,714
66$2,459,391$1,174,415$927,921$2,161,550
67$2,677,595$1,199,307$926,352$2,322,985
68$2,917,027$1,224,390$923,702$2,499,374
69$3,179,819$1,249,641$919,902$2,692,210
70$3,468,323$1,275,035$914,880$2,903,137
71$3,785,124$1,300,545$908,561$3,133,966
72$4,133,075$1,326,140$900,866$3,386,694
73$4,515,316$1,351,788$891,712$3,663,519
74$4,935,306$1,377,453$881,013$3,966,865
75$5,396,857$1,403,099$868,677$4,299,401
76$5,904,168$1,428,682$854,609$4,664,071
77$6,461,866$1,454,159$838,711$5,064,115
78$7,075,045$1,479,483$820,877$5,503,106
79$7,749,322$1,504,600$800,999$5,984,982
80$8,490,883$1,529,455$778,962$6,514,079
81$9,306,544$1,553,989$754,648$7,095,179
82$10,203,814$1,578,138$727,932$7,733,549
83$11,190,968$1,601,831$698,682$8,434,995
84$12,277,123$1,624,996$666,764$9,205,914
85$13,472,322$1,647,554$632,033$10,053,356
86$14,787,634$1,669,419$594,341$10,985,091
87$16,235,253$1,690,502$553,532$12,009,681
88$17,828,617$1,710,704$509,444$13,136,562
89$19,582,531$1,729,924$461,905$14,376,131
90$21,513,310$1,748,051$410,739$15,739,850
91$23,638,928$1,764,966$355,760$17,240,346
92$25,979,195$1,780,545$296,774$18,891,539
93$28,555,935$1,794,654$233,578$20,708,765
94$31,393,199$1,807,151$165,962$22,708,929
95$34,517,487$1,817,883$93,703$24,910,659
96$37,958,002$1,826,690$16,573$27,334,485
97$41,746,920$1,833,400$0$30,003,031
98$45,919,700$1,837,831$0$32,946,143
99$50,515,413$1,839,789$0$36,188,029
100$55,577,114$1,839,067$0$39,757,752