Can I retire at age 54 with 839,000?

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 $839,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.2%
1 years$69,284$68,667$68,065$67,477$66,903$64,944
2 years$34,299$33,660$33,041$32,441$31,859$29,900
3 years$22,639$21,997$21,380$20,785$20,212$18,317
4 years$16,810$16,170$15,559$14,975$14,416$12,597
5 years$13,313$12,678$12,074$11,502$10,959$9,222
6 years$10,983$10,352$9,758$9,198$8,671$7,018
7 years$9,320$8,694$8,109$7,562$7,052$5,483
8 years$8,072$7,452$6,877$6,344$5,850$4,364
9 years$7,103$6,489$5,923$5,404$4,927$3,521
10 years$6,327$5,719$5,164$4,658$4,198$2,872
11 years$5,694$5,092$4,546$4,054$3,610$2,361
12 years$5,166$4,570$4,035$3,556$3,129$1,954
13 years$4,720$4,130$3,605$3,139$2,728$1,626
14 years$4,337$3,754$3,239$2,787$2,392$1,358
15 years$4,006$3,429$2,924$2,485$2,106$1,138
16 years$3,717$3,146$2,651$2,225$1,861$957
17 years$3,462$2,898$2,413$1,999$1,650$806
18 years$3,236$2,678$2,202$1,802$1,467$681
19 years$3,033$2,482$2,016$1,628$1,308$576
20 years$2,851$2,306$1,850$1,475$1,168$488
21 years$2,687$2,148$1,702$1,338$1,045$413
22 years$2,538$2,005$1,569$1,217$937$351
23 years$2,402$1,875$1,448$1,108$841$298
24 years$2,277$1,757$1,339$1,011$756$253
25 years$2,163$1,649$1,241$923$680$215
26 years$2,058$1,550$1,151$844$613$183
27 years$1,960$1,458$1,068$772$552$156
28 years$1,870$1,374$993$708$498$133
29 years$1,786$1,296$924$649$450$113
30 years$1,708$1,224$861$596$407$96
31 years$1,635$1,157$803$547$368$82
32 years$1,567$1,095$749$503$333$70
33 years$1,503$1,037$699$462$301$60
34 years$1,442$983$653$425$273$51
35 years$1,386$932$611$392$247$43
36 years$1,333$885$571$361$224$37
37 years$1,282$840$535$332$203$32
38 years$1,235$799$501$306$184$27
39 years$1,190$760$469$282$167$23
40 years$1,147$723$440$260$151$20
41 years$1,107$688$412$240$137$17
42 years$1,068$655$387$222$124$14
43 years$1,032$624$363$205$113$12
44 years$997$595$341$189$103$10
45 years$964$567$320$175$93$9
46 years$932$541$300$161$84$8
47 years$902$517$282$149$77$6
48 years$873$493$265$138$70$5
49 years$846$471$249$127$63$5
50 years$819$450$234$118$57$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $839,000, adding $3,331 every year, while hoping to spend $29,673 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: 81/14/5 Blend
53$839,000$839,000$839,000$839,000
54$928,014$883,547$870,542$1,002,794
55$991,100$895,269$868,134$1,063,893
56$1,059,625$906,571$864,650$1,126,631
57$1,134,115$917,400$860,023$1,194,567
58$1,215,144$927,703$854,184$1,268,203
59$1,303,347$937,418$847,057$1,348,093
60$1,399,421$946,484$838,566$1,434,845
61$1,504,133$954,833$828,629$1,529,132
62$1,618,327$962,393$817,161$1,631,691
63$1,742,934$969,087$804,073$1,743,337
64$1,878,976$974,835$789,273$1,864,966
65$2,027,580$979,550$772,661$1,997,567
66$2,189,985$983,140$754,137$2,142,226
67$2,367,557$985,507$733,594$2,300,144
68$2,561,798$986,547$710,920$2,472,640
69$2,774,363$986,150$685,997$2,661,169
70$3,007,074$984,198$658,705$2,867,335
71$3,261,939$980,567$628,914$3,092,904
72$3,541,166$975,124$596,493$3,339,822
73$3,847,190$967,730$561,300$3,610,234
74$4,182,689$958,235$523,190$3,906,502
75$4,550,617$946,482$482,010$4,231,232
76$4,954,225$932,304$437,602$4,587,291
77$5,397,093$915,524$389,799$4,977,844
78$5,883,166$895,954$338,426$5,406,373
79$6,416,788$873,396$283,303$5,876,718
80$7,002,747$847,638$224,240$6,393,113
81$7,646,314$818,460$161,039$6,960,220
82$8,353,298$785,624$93,494$7,583,178
83$9,130,096$748,881$21,387$8,267,650
84$9,983,758$707,968$0$9,019,880
85$10,922,048$662,605$0$9,849,709
86$11,953,522$612,499$0$10,763,165
87$13,087,606$557,335$0$11,767,472
88$14,334,683$496,786$0$12,871,851
89$15,706,195$430,502$0$14,086,465
90$17,214,745$358,116$0$15,422,510
91$18,874,224$279,238$0$16,892,326
92$20,699,932$193,458$0$18,509,511
93$22,708,729$100,341$0$20,289,052
94$24,919,191$0$0$22,247,463
95$27,351,787$0$0$24,403,031
96$30,029,070$0$0$26,792,457
97$32,975,888$0$0$29,422,465
98$36,219,623$0$0$32,317,495
99$39,790,445$0$0$35,504,477
100$43,721,598$0$0$39,013,085