Can I retire at age 54 with 843,000?

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 $843,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.7%
1 years$69,614$68,994$68,389$67,799$67,222$66,190
2 years$34,462$33,821$33,199$32,595$32,010$30,973
3 years$22,747$22,102$21,482$20,884$20,309$19,299
4 years$16,890$16,247$15,633$15,046$14,484$13,509
5 years$13,377$12,738$12,132$11,557$11,011$10,073
6 years$11,036$10,402$9,804$9,242$8,712$7,814
7 years$9,364$8,735$8,148$7,598$7,086$6,226
8 years$8,111$7,488$6,910$6,374$5,878$5,057
9 years$7,137$6,519$5,951$5,429$4,950$4,168
10 years$6,358$5,747$5,189$4,680$4,218$3,473
11 years$5,721$5,116$4,568$4,073$3,628$2,920
12 years$5,190$4,592$4,054$3,573$3,144$2,472
13 years$4,742$4,150$3,622$3,154$2,741$2,105
14 years$4,358$3,772$3,254$2,800$2,403$1,801
15 years$4,025$3,446$2,938$2,497$2,116$1,547
16 years$3,735$3,161$2,664$2,236$1,870$1,333
17 years$3,479$2,911$2,424$2,009$1,658$1,152
18 years$3,251$2,690$2,213$1,810$1,474$998
19 years$3,048$2,493$2,026$1,636$1,314$866
20 years$2,865$2,317$1,859$1,482$1,174$753
21 years$2,700$2,158$1,710$1,345$1,050$656
22 years$2,550$2,015$1,576$1,223$941$572
23 years$2,413$1,884$1,455$1,113$845$499
24 years$2,288$1,765$1,346$1,015$760$436
25 years$2,173$1,657$1,247$927$684$381
26 years$2,067$1,557$1,156$848$616$334
27 years$1,970$1,465$1,074$776$555$292
28 years$1,879$1,381$998$711$501$256
29 years$1,795$1,303$929$652$452$224
30 years$1,716$1,230$865$598$409$197
31 years$1,643$1,163$806$550$369$173
32 years$1,574$1,100$752$505$334$151
33 years$1,510$1,042$703$465$302$133
34 years$1,449$988$656$427$274$117
35 years$1,392$937$614$393$248$103
36 years$1,339$889$574$362$225$90
37 years$1,288$844$537$334$204$79
38 years$1,241$803$503$308$185$69
39 years$1,195$763$471$284$167$61
40 years$1,153$726$442$262$152$54
41 years$1,112$691$414$241$138$47
42 years$1,073$658$389$223$125$41
43 years$1,037$627$365$206$113$36
44 years$1,002$598$342$190$103$32
45 years$968$570$321$175$94$28
46 years$937$544$302$162$85$25
47 years$906$519$284$150$77$22
48 years$877$495$267$138$70$19
49 years$850$473$251$128$64$17
50 years$823$452$236$118$58$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $843,000, adding $3,029 every year, while hoping to spend $28,144 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: 41/47/12 Blend
53$843,000$843,000$843,000$843,000
54$932,110$887,431$874,365$966,900
55$997,241$900,971$873,711$1,005,199
56$1,068,071$914,230$872,092$1,043,603
57$1,145,153$927,166$869,446$1,084,547
58$1,229,094$939,732$865,708$1,128,274
59$1,320,561$951,879$860,809$1,175,053
60$1,420,290$963,553$854,678$1,225,182
61$1,529,091$974,698$847,240$1,278,988
62$1,647,852$985,252$838,417$1,336,834
63$1,777,555$995,152$828,126$1,399,122
64$1,919,280$1,004,328$816,282$1,466,294
65$2,074,213$1,012,706$802,794$1,538,840
66$2,243,662$1,020,209$787,568$1,617,300
67$2,429,070$1,026,753$770,505$1,702,272
68$2,632,020$1,032,249$751,502$1,794,416
69$2,854,259$1,036,602$730,450$1,894,461
70$3,097,710$1,039,713$707,237$2,003,212
71$3,364,492$1,041,474$681,745$2,121,560
72$3,656,936$1,041,772$653,849$2,250,486
73$3,977,611$1,040,486$623,421$2,391,076
74$4,329,346$1,037,489$590,324$2,544,528
75$4,715,258$1,032,645$554,419$2,712,167
76$5,138,779$1,025,809$515,557$2,895,453
77$5,603,690$1,016,829$473,584$3,096,001
78$6,114,156$1,005,543$428,338$3,315,592
79$6,674,765$991,779$379,652$3,556,195
80$7,290,569$975,355$327,349$3,819,980
81$7,967,138$956,079$271,246$4,109,347
82$8,710,604$933,744$211,150$4,426,940
83$9,527,724$908,136$146,862$4,775,683
84$10,425,943$879,026$78,173$5,158,800
85$11,413,461$846,170$4,864$5,579,850
86$12,499,315$809,313$0$6,042,760
87$13,693,458$768,183$0$6,561,260
88$15,006,859$722,492$0$7,132,014
89$16,451,603$671,938$0$7,759,708
90$18,041,002$616,199$0$8,450,200
91$19,789,727$554,936$0$9,209,951
92$21,713,942$487,790$0$10,046,085
93$23,831,454$414,382$0$10,966,464
94$26,161,888$334,312$0$11,979,754
95$28,726,864$247,157$0$13,095,517
96$31,550,206$152,469$0$14,324,296
97$34,658,165$49,778$0$15,677,719
98$38,079,666$0$0$17,168,609
99$41,846,580$0$0$18,842,869
100$45,994,028$0$0$20,714,745