Can I retire at age 54 with 842,000?

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 $842,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.6%
1 years$69,532$68,912$68,308$67,718$67,142$65,071
2 years$34,422$33,781$33,159$32,557$31,973$29,904
3 years$22,720$22,076$21,456$20,859$20,285$18,284
4 years$16,870$16,228$15,615$15,028$14,467$12,549
5 years$13,361$12,723$12,118$11,543$10,998$9,168
6 years$11,023$10,389$9,793$9,231$8,702$6,962
7 years$9,353$8,725$8,138$7,589$7,077$5,426
8 years$8,101$7,479$6,902$6,367$5,871$4,308
9 years$7,128$6,512$5,944$5,423$4,944$3,468
10 years$6,350$5,740$5,182$4,675$4,213$2,821
11 years$5,714$5,110$4,562$4,068$3,623$2,314
12 years$5,184$4,586$4,049$3,568$3,140$1,910
13 years$4,736$4,145$3,618$3,150$2,738$1,584
14 years$4,353$3,767$3,250$2,797$2,400$1,320
15 years$4,021$3,442$2,935$2,494$2,113$1,103
16 years$3,730$3,158$2,661$2,233$1,868$925
17 years$3,474$2,908$2,421$2,006$1,656$777
18 years$3,247$2,687$2,210$1,808$1,472$654
19 years$3,044$2,490$2,023$1,634$1,312$552
20 years$2,862$2,314$1,857$1,480$1,172$466
21 years$2,697$2,156$1,708$1,343$1,049$394
22 years$2,547$2,012$1,574$1,221$940$333
23 years$2,411$1,882$1,453$1,112$844$282
24 years$2,286$1,763$1,344$1,014$759$239
25 years$2,171$1,655$1,245$926$683$202
26 years$2,065$1,555$1,155$847$615$172
27 years$1,967$1,464$1,072$775$554$146
28 years$1,877$1,379$997$710$500$124
29 years$1,792$1,301$928$651$452$105
30 years$1,714$1,229$864$598$408$89
31 years$1,641$1,162$806$549$369$76
32 years$1,572$1,099$752$505$334$64
33 years$1,508$1,041$702$464$302$55
34 years$1,448$986$656$427$274$46
35 years$1,391$936$613$393$248$39
36 years$1,337$888$573$362$224$34
37 years$1,287$843$537$333$203$29
38 years$1,239$802$503$307$184$24
39 years$1,194$762$471$283$167$21
40 years$1,151$725$441$261$152$18
41 years$1,111$690$414$241$138$15
42 years$1,072$657$388$223$125$13
43 years$1,035$626$364$205$113$11
44 years$1,000$597$342$190$103$9
45 years$967$569$321$175$93$8
46 years$935$543$302$162$85$7
47 years$905$518$283$150$77$6
48 years$876$495$266$138$70$5
49 years$849$473$250$128$64$4
50 years$822$451$235$118$58$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $842,000, adding $6,180 every year, while hoping to spend $20,637 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: 32/48/20 Blend
53$842,000$842,000$842,000$842,000
54$934,259$889,633$876,582$958,194
55$1,007,595$911,267$883,990$998,261
56$1,087,721$933,270$890,954$1,039,078
57$1,175,306$955,637$897,438$1,082,611
58$1,271,088$978,365$903,404$1,129,111
59$1,375,881$1,001,447$908,810$1,178,853
60$1,490,581$1,024,877$913,614$1,232,140
61$1,616,171$1,048,648$917,772$1,289,308
62$1,753,739$1,072,750$921,236$1,350,724
63$1,904,480$1,097,174$923,956$1,416,795
64$2,069,709$1,121,908$925,881$1,487,970
65$2,250,878$1,146,939$926,957$1,564,741
66$2,449,582$1,172,255$927,125$1,647,652
67$2,667,582$1,197,837$926,326$1,737,305
68$2,906,814$1,223,670$924,496$1,834,360
69$3,169,413$1,249,733$921,570$1,939,547
70$3,457,729$1,276,006$917,479$2,053,669
71$3,774,351$1,302,465$912,149$2,177,613
72$4,122,134$1,329,084$905,504$2,312,356
73$4,504,218$1,355,836$897,465$2,458,976
74$4,924,066$1,382,689$887,948$2,618,661
75$5,385,491$1,409,612$876,865$2,792,722
76$5,892,696$1,436,568$864,125$2,982,603
77$6,450,309$1,463,518$849,631$3,189,897
78$7,063,431$1,490,420$833,283$3,416,361
79$7,737,679$1,517,229$814,977$3,663,931
80$8,479,244$1,543,895$794,601$3,934,744
81$9,294,948$1,570,366$772,040$4,231,153
82$10,192,303$1,596,586$747,175$4,555,756
83$11,179,592$1,622,492$719,878$4,911,416
84$12,265,935$1,648,019$690,019$5,301,290
85$13,461,385$1,673,096$657,460$5,728,857
86$14,777,018$1,697,649$622,055$6,197,957
87$16,225,035$1,721,596$583,656$6,712,820
88$17,818,885$1,744,850$542,105$7,278,113
89$19,573,382$1,767,319$497,237$7,898,979
90$21,504,853$1,788,903$448,880$8,581,090
91$23,631,286$1,809,497$396,855$9,330,700
92$25,972,503$1,828,988$340,975$10,154,703
93$28,550,344$1,847,255$281,044$11,060,700
94$31,388,878$1,864,169$216,858$12,057,072
95$34,514,624$1,879,594$148,203$13,153,056
96$37,956,805$1,893,383$74,857$14,358,839
97$41,747,621$1,905,381$0$15,685,650
98$45,922,556$1,915,422$0$17,146,598
99$50,520,709$1,923,330$0$18,771,696
100$55,585,167$1,928,919$0$20,560,051