Can I retire at age 54 with 846,000?

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 $846,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.3%
1 years$69,862$69,240$68,632$68,040$67,461$66,262
2 years$34,585$33,941$33,317$32,711$32,124$30,920
3 years$22,828$22,181$21,558$20,959$20,381$19,209
4 years$16,950$16,305$15,689$15,099$14,536$13,406
5 years$13,425$12,784$12,175$11,598$11,050$9,965
6 years$11,075$10,439$9,839$9,275$8,743$7,704
7 years$9,397$8,766$8,177$7,625$7,111$6,118
8 years$8,140$7,514$6,934$6,397$5,899$4,953
9 years$7,162$6,543$5,973$5,449$4,968$4,067
10 years$6,380$5,767$5,207$4,697$4,233$3,377
11 years$5,741$5,134$4,584$4,088$3,640$2,828
12 years$5,209$4,608$4,068$3,585$3,155$2,385
13 years$4,759$4,164$3,635$3,165$2,751$2,023
14 years$4,373$3,785$3,266$2,810$2,411$1,724
15 years$4,040$3,458$2,949$2,506$2,123$1,475
16 years$3,748$3,173$2,673$2,244$1,877$1,266
17 years$3,491$2,922$2,433$2,016$1,664$1,089
18 years$3,263$2,700$2,221$1,817$1,479$939
19 years$3,059$2,502$2,033$1,642$1,319$812
20 years$2,875$2,325$1,866$1,487$1,178$703
21 years$2,710$2,166$1,716$1,349$1,054$609
22 years$2,559$2,022$1,582$1,227$945$529
23 years$2,422$1,891$1,460$1,117$848$459
24 years$2,296$1,772$1,351$1,019$762$399
25 years$2,181$1,663$1,251$931$686$348
26 years$2,075$1,563$1,160$851$618$303
27 years$1,977$1,471$1,077$779$557$264
28 years$1,886$1,386$1,002$714$503$230
29 years$1,801$1,307$932$654$454$201
30 years$1,722$1,235$868$601$410$175
31 years$1,648$1,167$809$552$371$153
32 years$1,580$1,104$755$507$335$133
33 years$1,515$1,046$705$466$304$117
34 years$1,454$991$659$429$275$102
35 years$1,397$940$616$395$249$89
36 years$1,344$892$576$364$226$78
37 years$1,293$847$539$335$204$68
38 years$1,245$805$505$309$185$59
39 years$1,200$766$473$285$168$52
40 years$1,157$729$443$263$152$45
41 years$1,116$694$416$242$138$40
42 years$1,077$661$390$224$125$35
43 years$1,040$629$366$206$114$30
44 years$1,005$600$344$191$103$27
45 years$972$572$323$176$94$23
46 years$940$546$303$163$85$20
47 years$909$521$285$150$77$18
48 years$880$497$268$139$70$16
49 years$853$475$251$128$64$14
50 years$826$454$236$119$58$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $846,000, adding $5,443 every year, while hoping to spend $42,639 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: 58/33/9 Blend
53$846,000$846,000$846,000$846,000
54$937,906$893,068$879,955$990,035
55$988,205$891,461$864,066$1,024,144
56$1,042,206$888,346$846,216$1,056,032
57$1,100,240$883,604$826,293$1,089,746
58$1,162,673$877,110$804,183$1,125,465
59$1,229,906$868,728$779,763$1,163,388
60$1,302,379$858,319$752,908$1,203,735
61$1,380,575$845,730$723,484$1,246,751
62$1,465,026$830,803$691,353$1,292,708
63$1,556,316$813,369$656,370$1,341,906
64$1,655,085$793,249$618,384$1,394,681
65$1,762,040$770,255$577,236$1,451,403
66$1,877,955$744,184$532,761$1,512,482
67$2,003,684$714,827$484,785$1,578,375
68$2,140,163$681,957$433,129$1,649,587
69$2,288,425$645,338$377,604$1,726,676
70$2,449,604$604,719$318,013$1,810,264
71$2,624,946$559,833$254,150$1,901,036
72$2,815,827$510,401$185,800$1,999,754
73$3,023,756$456,126$112,739$2,107,259
74$3,250,397$396,693$34,733$2,224,485
75$3,497,579$331,772$0$2,352,463
76$3,767,316$261,013$0$2,496,996
77$4,061,825$184,046$0$2,658,550
78$4,383,546$100,480$0$2,835,212
79$4,735,167$9,902$0$3,028,556
80$5,119,645$0$0$3,240,322
81$5,540,237$0$0$3,504,432
82$6,000,528$0$0$3,797,477
83$6,504,468$0$0$4,118,384
84$7,056,403$0$0$4,469,930
85$7,661,124$0$0$4,855,175
86$8,323,902$0$0$5,277,489
87$9,050,545$0$0$5,740,582
88$9,847,451$0$0$6,248,541
89$10,721,665$0$0$6,805,868
90$11,680,946$0$0$7,417,522
91$12,733,843$0$0$8,088,965
92$13,889,770$0$0$8,826,212
93$15,159,100$0$0$9,635,893
94$16,553,257$0$0$10,525,307
95$18,084,828$0$0$11,502,497
96$19,767,679$0$0$12,576,325
97$21,617,083$0$0$13,756,551
98$23,649,870$0$0$15,053,930
99$25,884,577$0$0$16,480,309
100$28,341,631$0$0$18,048,741