Can I retire at age 54 with 841,000?

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 $841,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17%
1 years$69,449$68,830$68,227$67,638$67,063$65,151
2 years$34,381$33,740$33,120$32,518$31,935$30,023
3 years$22,693$22,050$21,431$20,835$20,261$18,410
4 years$16,850$16,209$15,596$15,010$14,450$12,674
5 years$13,345$12,708$12,103$11,529$10,985$9,288
6 years$11,009$10,377$9,781$9,220$8,692$7,076
7 years$9,342$8,715$8,128$7,580$7,069$5,534
8 years$8,091$7,470$6,893$6,359$5,864$4,410
9 years$7,120$6,504$5,937$5,416$4,939$3,563
10 years$6,343$5,733$5,176$4,669$4,208$2,909
11 years$5,707$5,104$4,557$4,063$3,619$2,395
12 years$5,178$4,581$4,044$3,564$3,136$1,985
13 years$4,731$4,140$3,613$3,147$2,735$1,653
14 years$4,348$3,763$3,247$2,793$2,397$1,383
15 years$4,016$3,437$2,931$2,491$2,111$1,161
16 years$3,726$3,154$2,658$2,230$1,865$978
17 years$3,470$2,905$2,418$2,004$1,654$825
18 years$3,243$2,684$2,208$1,806$1,471$698
19 years$3,041$2,487$2,021$1,632$1,311$591
20 years$2,858$2,311$1,855$1,478$1,171$501
21 years$2,694$2,153$1,706$1,341$1,048$425
22 years$2,544$2,010$1,572$1,220$939$362
23 years$2,408$1,880$1,452$1,111$843$308
24 years$2,283$1,761$1,343$1,013$758$262
25 years$2,168$1,653$1,244$925$682$223
26 years$2,063$1,553$1,153$846$614$190
27 years$1,965$1,462$1,071$774$554$162
28 years$1,874$1,378$996$709$500$138
29 years$1,790$1,300$926$651$451$118
30 years$1,712$1,227$863$597$408$101
31 years$1,639$1,160$805$548$369$86
32 years$1,570$1,098$751$504$333$73
33 years$1,506$1,040$701$463$302$63
34 years$1,446$985$655$426$273$53
35 years$1,389$935$612$393$247$46
36 years$1,336$887$573$362$224$39
37 years$1,285$842$536$333$203$33
38 years$1,238$801$502$307$184$28
39 years$1,193$761$470$283$167$24
40 years$1,150$724$441$261$152$21
41 years$1,109$689$413$241$137$18
42 years$1,071$657$388$222$125$15
43 years$1,034$626$364$205$113$13
44 years$999$596$342$189$103$11
45 years$966$569$321$175$93$9
46 years$934$543$301$162$85$8
47 years$904$518$283$149$77$7
48 years$875$494$266$138$70$6
49 years$848$472$250$128$63$5
50 years$821$451$235$118$58$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $841,000, adding $5,482 every year, while hoping to spend $52,154 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: 66/16/18 Blend
53$841,000$841,000$841,000$841,000
54$932,437$887,864$874,828$989,484
55$972,054$875,878$848,643$1,016,380
56$1,013,964$861,556$819,834$1,039,241
57$1,058,346$844,730$788,256$1,062,968
58$1,105,395$825,219$753,760$1,087,647
59$1,155,324$802,834$716,190$1,113,371
60$1,208,368$777,374$675,383$1,140,247
61$1,264,780$748,624$631,167$1,168,392
62$1,324,842$716,361$583,365$1,197,939
63$1,388,857$680,344$531,790$1,229,036
64$1,457,163$640,323$476,247$1,261,847
65$1,530,124$596,029$416,532$1,296,558
66$1,608,144$547,182$352,433$1,333,375
67$1,691,664$493,483$283,728$1,372,526
68$1,781,166$434,616$210,186$1,414,267
69$1,877,181$370,249$131,563$1,458,884
70$1,980,292$300,029$47,609$1,506,694
71$2,091,137$223,585$0$1,558,050
72$2,210,416$140,525$0$1,621,409
73$2,338,901$50,433$0$1,699,427
74$2,477,436$0$0$1,783,491
75$2,626,951$0$0$1,882,498
76$2,788,466$0$0$1,999,085
77$2,963,103$0$0$2,125,188
78$3,152,095$0$0$2,261,702
79$3,356,796$0$0$2,409,613
80$3,578,698$0$0$2,570,003
81$3,819,438$0$0$2,744,063
82$4,080,819$0$0$2,933,103
83$4,364,822$0$0$3,138,563
84$4,673,627$0$0$3,362,027
85$5,009,634$0$0$3,605,240
86$5,375,482$0$0$3,870,120
87$5,774,074$0$0$4,158,778
88$6,208,607$0$0$4,473,536
89$6,682,598$0$0$4,816,953
90$7,199,919$0$0$5,191,843
91$7,764,831$0$0$5,601,303
92$8,382,025$0$0$6,048,745
93$9,056,666$0$0$6,537,923
94$9,794,440$0$0$7,072,972
95$10,601,609$0$0$7,658,444
96$11,485,064$0$0$8,299,351
97$12,452,398$0$0$9,001,212
98$13,511,969$0$0$9,770,106
99$14,672,984$0$0$10,612,727
100$15,945,580$0$0$11,536,446