Can I retire at age 54 with 840,000?

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 $840,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.6%
1 years$69,366$68,749$68,146$67,557$66,983$66,256
2 years$34,340$33,700$33,080$32,479$31,897$31,164
3 years$22,666$22,023$21,405$20,810$20,236$19,522
4 years$16,830$16,190$15,578$14,992$14,433$13,742
5 years$13,329$12,693$12,089$11,516$10,972$10,306
6 years$10,996$10,365$9,770$9,209$8,681$8,042
7 years$9,331$8,704$8,119$7,571$7,060$6,447
8 years$8,082$7,461$6,885$6,351$5,857$5,270
9 years$7,111$6,496$5,930$5,410$4,933$4,372
10 years$6,335$5,726$5,170$4,663$4,203$3,667
11 years$5,700$5,098$4,552$4,059$3,615$3,104
12 years$5,172$4,575$4,039$3,560$3,132$2,647
13 years$4,725$4,135$3,609$3,143$2,731$2,270
14 years$4,342$3,758$3,243$2,790$2,394$1,957
15 years$4,011$3,433$2,928$2,488$2,108$1,693
16 years$3,722$3,150$2,654$2,228$1,863$1,470
17 years$3,466$2,901$2,415$2,002$1,652$1,281
18 years$3,240$2,681$2,205$1,804$1,469$1,118
19 years$3,037$2,484$2,019$1,630$1,309$978
20 years$2,855$2,309$1,853$1,476$1,169$858
21 years$2,690$2,150$1,704$1,340$1,047$753
22 years$2,541$2,007$1,570$1,218$938$662
23 years$2,405$1,877$1,450$1,109$842$583
24 years$2,280$1,759$1,341$1,012$757$514
25 years$2,166$1,651$1,242$924$681$453
26 years$2,060$1,551$1,152$845$613$400
27 years$1,963$1,460$1,070$773$553$353
28 years$1,872$1,376$994$709$499$312
29 years$1,788$1,298$925$650$451$276
30 years$1,710$1,226$862$596$407$244
31 years$1,637$1,159$804$548$368$216
32 years$1,568$1,096$750$503$333$192
33 years$1,504$1,038$700$463$301$170
34 years$1,444$984$654$426$273$150
35 years$1,387$933$612$392$247$133
36 years$1,334$886$572$361$224$118
37 years$1,284$841$535$333$203$105
38 years$1,236$800$501$307$184$93
39 years$1,191$760$470$283$167$82
40 years$1,148$723$440$261$151$73
41 years$1,108$689$413$241$137$65
42 years$1,069$656$387$222$125$58
43 years$1,033$625$363$205$113$51
44 years$998$596$341$189$103$45
45 years$965$568$320$175$93$40
46 years$933$542$301$161$85$36
47 years$903$517$283$149$77$32
48 years$874$494$266$138$70$28
49 years$847$471$250$127$63$25
50 years$820$450$235$118$58$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $840,000, adding $3,928 every year, while hoping to spend $51,376 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: 39/35/26 Blend
53$840,000$840,000$840,000$840,000
54$929,732$885,212$872,192$958,686
55$969,901$873,923$846,746$968,822
56$1,012,445$860,360$818,727$974,711
57$1,057,553$844,356$787,993$980,080
58$1,105,429$825,736$754,397$984,912
59$1,156,299$804,313$717,785$989,196
60$1,210,409$779,892$677,998$992,922
61$1,268,027$752,263$634,867$996,083
62$1,329,448$721,206$588,218$998,679
63$1,394,995$686,488$537,866$1,000,713
64$1,465,020$647,861$483,620$1,002,196
65$1,539,912$605,066$425,281$1,003,144
66$1,620,094$557,826$362,640$1,003,582
67$1,706,034$505,849$295,478$1,003,546
68$1,798,241$448,828$223,568$1,003,080
69$1,897,276$386,435$146,672$1,002,242
70$2,003,754$318,326$64,542$1,001,103
71$2,118,352$244,139$0$999,752
72$2,241,810$163,488$0$1,004,702
73$2,374,943$75,967$0$1,029,195
74$2,518,647$0$0$1,055,532
75$2,673,904$0$0$1,091,231
76$2,841,796$0$0$1,161,562
77$3,023,511$0$0$1,237,776
78$3,220,353$0$0$1,320,432
79$3,433,760$0$0$1,410,146
80$3,665,309$0$0$1,507,595
81$3,916,738$0$0$1,613,522
82$4,189,955$0$0$1,728,746
83$4,487,063$0$0$1,854,169
84$4,810,372$0$0$1,990,780
85$5,162,426$0$0$2,139,673
86$5,546,023$0$0$2,302,046
87$5,964,244$0$0$2,479,220
88$6,420,478$0$0$2,672,652
89$6,918,456$0$0$2,883,940
90$7,462,285$0$0$3,114,849
91$8,056,487$0$0$3,367,318
92$8,706,037$0$0$3,643,483
93$9,416,418$0$0$3,945,697
94$10,193,661$0$0$4,276,550
95$11,044,412$0$0$4,638,894
96$11,975,986$0$0$5,035,871
97$12,996,439$0$0$5,470,940
98$14,114,644$0$0$5,947,910
99$15,340,371$0$0$6,470,977
100$16,684,383$0$0$7,044,763