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%11.4%
1 years$70,110$69,485$68,876$68,281$67,700$67,302
2 years$34,708$34,061$33,435$32,827$32,238$31,836
3 years$22,909$22,259$21,635$21,033$20,453$20,060
4 years$17,010$16,363$15,744$15,153$14,587$14,206
5 years$13,472$12,829$12,218$11,639$11,089$10,721
6 years$11,114$10,476$9,874$9,308$8,774$8,420
7 years$9,431$8,797$8,206$7,652$7,136$6,795
8 years$8,168$7,541$6,959$6,419$5,920$5,593
9 years$7,187$6,566$5,994$5,468$4,985$4,672
10 years$6,403$5,787$5,225$4,713$4,248$3,948
11 years$5,761$5,152$4,600$4,102$3,653$3,367
12 years$5,227$4,624$4,083$3,598$3,166$2,892
13 years$4,776$4,179$3,648$3,177$2,761$2,500
14 years$4,389$3,799$3,277$2,820$2,420$2,172
15 years$4,054$3,470$2,959$2,515$2,131$1,895
16 years$3,761$3,184$2,683$2,252$1,883$1,659
17 years$3,503$2,932$2,441$2,023$1,670$1,457
18 years$3,274$2,709$2,229$1,823$1,485$1,283
19 years$3,070$2,511$2,040$1,647$1,323$1,132
20 years$2,885$2,333$1,872$1,492$1,182$1,001
21 years$2,719$2,174$1,722$1,354$1,058$887
22 years$2,568$2,029$1,587$1,231$948$787
23 years$2,431$1,898$1,466$1,121$851$699
24 years$2,305$1,778$1,355$1,023$765$622
25 years$2,189$1,668$1,255$934$688$553
26 years$2,082$1,568$1,164$854$620$493
27 years$1,984$1,476$1,081$782$559$440
28 years$1,892$1,391$1,005$716$504$392
29 years$1,807$1,312$935$657$455$350
30 years$1,728$1,239$871$603$412$313
31 years$1,654$1,171$812$554$372$280
32 years$1,585$1,108$758$509$337$250
33 years$1,520$1,049$708$468$305$224
34 years$1,460$995$661$430$276$200
35 years$1,402$943$618$396$250$179
36 years$1,348$895$578$365$226$161
37 years$1,298$850$541$336$205$144
38 years$1,249$808$507$310$186$129
39 years$1,204$769$475$286$169$116
40 years$1,161$731$445$264$153$104
41 years$1,120$696$417$243$139$93
42 years$1,081$663$391$224$126$83
43 years$1,044$632$367$207$114$75
44 years$1,009$602$345$191$104$67
45 years$975$574$324$177$94$60
46 years$943$548$304$163$86$54
47 years$913$523$286$151$78$48
48 years$884$499$268$139$71$43
49 years$856$476$252$129$64$39
50 years$829$455$237$119$58$35

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $849,000, adding $2,059 every year, while hoping to spend $26,908 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: 47/28/25 Blend
53$849,000$849,000$849,000$849,000
54$937,722$892,725$879,565$975,004
55$1,004,740$907,838$880,401$1,016,524
56$1,077,691$922,791$880,363$1,058,753
57$1,157,154$937,546$879,393$1,104,059
58$1,243,762$952,064$877,431$1,152,741
59$1,338,214$966,304$874,413$1,205,134
60$1,441,280$980,220$870,274$1,261,605
61$1,553,805$993,766$864,943$1,322,561
62$1,676,721$1,006,888$858,347$1,388,451
63$1,811,055$1,019,534$850,409$1,459,769
64$1,957,934$1,031,643$841,050$1,537,064
65$2,118,604$1,043,153$830,185$1,620,938
66$2,294,431$1,053,998$817,726$1,712,058
67$2,486,925$1,064,105$803,581$1,811,161
68$2,697,744$1,073,399$787,654$1,919,059
69$2,928,717$1,081,799$769,844$2,036,650
70$3,181,858$1,089,218$750,045$2,164,922
71$3,459,382$1,095,565$728,147$2,304,970
72$3,763,733$1,100,742$704,033$2,458,000
73$4,097,600$1,104,644$677,584$2,625,342
74$4,463,945$1,107,162$648,673$2,808,466
75$4,866,031$1,108,177$617,168$3,008,995
76$5,307,453$1,107,564$582,930$3,228,717
77$5,792,171$1,105,192$545,816$3,469,606
78$6,324,546$1,100,920$505,674$3,733,843
79$6,909,382$1,094,598$462,347$4,023,830
80$7,551,974$1,086,067$415,670$4,342,221
81$8,258,151$1,075,161$365,471$4,691,942
82$9,034,339$1,061,700$311,570$5,076,222
83$9,887,614$1,045,496$253,781$5,498,623
84$10,825,774$1,026,349$191,906$5,963,073
85$11,857,409$1,004,047$125,741$6,473,908
86$12,991,985$978,365$55,073$7,035,908
87$14,239,929$949,066$0$7,654,348
88$15,612,730$915,898$0$8,340,470
89$17,123,047$878,596$0$9,111,294
90$18,784,827$836,877$0$9,959,255
91$20,613,439$790,443$0$10,892,225
92$22,625,815$738,980$0$11,918,881
93$24,840,613$682,154$0$13,048,787
94$27,278,389$619,613$0$14,292,487
95$29,961,795$550,985$0$15,661,604
96$32,915,790$475,876$0$17,168,948
97$36,167,877$393,869$0$18,828,641
98$39,748,358$304,527$0$20,656,249
99$43,690,627$207,385$0$22,668,930
100$48,031,477$101,953$0$24,885,598