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%15.3%
1 years$70,110$69,485$68,876$68,281$67,700$66,225
2 years$34,708$34,061$33,435$32,827$32,238$30,760
3 years$22,909$22,259$21,635$21,033$20,453$19,017
4 years$17,010$16,363$15,744$15,153$14,587$13,205
5 years$13,472$12,829$12,218$11,639$11,089$9,764
6 years$11,114$10,476$9,874$9,308$8,774$7,508
7 years$9,431$8,797$8,206$7,652$7,136$5,929
8 years$8,168$7,541$6,959$6,419$5,920$4,772
9 years$7,187$6,566$5,994$5,468$4,985$3,895
10 years$6,403$5,787$5,225$4,713$4,248$3,214
11 years$5,761$5,152$4,600$4,102$3,653$2,675
12 years$5,227$4,624$4,083$3,598$3,166$2,242
13 years$4,776$4,179$3,648$3,177$2,761$1,889
14 years$4,389$3,799$3,277$2,820$2,420$1,599
15 years$4,054$3,470$2,959$2,515$2,131$1,358
16 years$3,761$3,184$2,683$2,252$1,883$1,157
17 years$3,503$2,932$2,441$2,023$1,670$989
18 years$3,274$2,709$2,229$1,823$1,485$847
19 years$3,070$2,511$2,040$1,647$1,323$726
20 years$2,885$2,333$1,872$1,492$1,182$624
21 years$2,719$2,174$1,722$1,354$1,058$537
22 years$2,568$2,029$1,587$1,231$948$462
23 years$2,431$1,898$1,466$1,121$851$398
24 years$2,305$1,778$1,355$1,023$765$344
25 years$2,189$1,668$1,255$934$688$297
26 years$2,082$1,568$1,164$854$620$256
27 years$1,984$1,476$1,081$782$559$222
28 years$1,892$1,391$1,005$716$504$192
29 years$1,807$1,312$935$657$455$166
30 years$1,728$1,239$871$603$412$144
31 years$1,654$1,171$812$554$372$124
32 years$1,585$1,108$758$509$337$108
33 years$1,520$1,049$708$468$305$93
34 years$1,460$995$661$430$276$81
35 years$1,402$943$618$396$250$70
36 years$1,348$895$578$365$226$61
37 years$1,298$850$541$336$205$53
38 years$1,249$808$507$310$186$46
39 years$1,204$769$475$286$169$39
40 years$1,161$731$445$264$153$34
41 years$1,120$696$417$243$139$30
42 years$1,081$663$391$224$126$26
43 years$1,044$632$367$207$114$22
44 years$1,009$602$345$191$104$19
45 years$975$574$324$177$94$17
46 years$943$548$304$163$86$15
47 years$913$523$286$151$78$13
48 years$884$499$268$139$71$11
49 years$856$476$252$129$64$9
50 years$829$455$237$119$58$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $849,000, adding $3,551 every year, while hoping to spend $22,368 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: 37/36/27 Blend
53$849,000$849,000$849,000$849,000
54$939,261$894,264$881,104$966,316
55$1,011,266$914,283$886,822$1,006,600
56$1,089,866$934,534$891,981$1,047,784
57$1,175,710$955,004$896,540$1,091,838
58$1,269,513$975,679$900,455$1,139,037
59$1,372,060$996,545$903,677$1,189,681
60$1,484,219$1,017,584$906,159$1,244,105
61$1,606,942$1,038,779$907,848$1,302,676
62$1,741,280$1,060,109$908,691$1,365,800
63$1,888,389$1,081,553$908,631$1,433,923
64$2,049,543$1,103,087$907,608$1,507,541
65$2,226,143$1,124,685$905,559$1,587,196
66$2,419,734$1,146,319$902,420$1,673,491
67$2,632,017$1,167,958$898,121$1,767,087
68$2,864,865$1,189,571$892,591$1,868,717
69$3,120,342$1,211,120$885,753$1,979,187
70$3,400,720$1,232,568$877,529$2,099,388
71$3,708,503$1,253,873$867,835$2,230,301
72$4,046,448$1,274,991$856,586$2,373,010
73$4,417,593$1,295,873$843,689$2,528,710
74$4,825,285$1,316,469$829,050$2,698,719
75$5,273,211$1,336,722$812,570$2,884,493
76$5,765,431$1,356,573$794,143$3,087,636
77$6,306,419$1,375,960$773,661$3,309,916
78$6,901,105$1,394,813$751,010$3,553,288
79$7,554,919$1,413,060$726,070$3,819,904
80$8,273,843$1,430,623$698,716$4,112,140
81$9,064,471$1,447,419$668,819$4,432,615
82$9,934,063$1,463,359$636,240$4,784,220
83$10,890,621$1,478,347$600,838$5,170,140
84$11,942,963$1,492,284$562,464$5,593,892
85$13,100,800$1,505,061$520,962$6,059,351
86$14,374,835$1,516,563$476,168$6,570,792
87$15,776,861$1,526,668$427,913$7,132,932
88$17,319,872$1,535,245$376,018$7,750,967
89$19,018,183$1,542,156$320,299$8,430,633
90$20,887,571$1,547,255$260,562$9,178,252
91$22,945,415$1,550,383$196,603$10,000,794
92$25,210,871$1,551,375$128,213$10,905,949
93$27,705,041$1,550,054$55,169$11,902,193
94$30,451,181$1,546,231$0$12,998,872
95$33,474,913$1,539,709$0$14,212,856
96$36,804,475$1,530,275$0$15,566,333
97$40,470,978$1,517,705$0$17,055,992
98$44,508,706$1,501,761$0$18,695,722
99$48,955,438$1,482,191$0$20,500,832
100$53,852,802$1,458,728$0$22,488,193