Can I retire at age 54 with 847,000?

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 $847,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.5%
1 years$69,944$69,321$68,714$68,120$67,541$65,748
2 years$34,626$33,981$33,356$32,750$32,162$30,369
3 years$22,855$22,207$21,584$20,983$20,405$18,667
4 years$16,970$16,325$15,707$15,117$14,553$12,883
5 years$13,440$12,799$12,190$11,612$11,063$9,466
6 years$11,088$10,451$9,851$9,286$8,754$7,232
7 years$9,408$8,777$8,186$7,634$7,119$5,672
8 years$8,149$7,523$6,943$6,404$5,906$4,533
9 years$7,170$6,550$5,980$5,455$4,974$3,674
10 years$6,388$5,774$5,213$4,702$4,238$3,009
11 years$5,748$5,140$4,590$4,092$3,645$2,485
12 years$5,215$4,613$4,073$3,590$3,158$2,066
13 years$4,765$4,169$3,639$3,169$2,754$1,727
14 years$4,379$3,790$3,270$2,813$2,414$1,450
15 years$4,045$3,462$2,952$2,509$2,126$1,221
16 years$3,753$3,176$2,677$2,246$1,879$1,032
17 years$3,495$2,925$2,436$2,018$1,666$874
18 years$3,267$2,703$2,223$1,819$1,481$742
19 years$3,062$2,505$2,035$1,644$1,320$631
20 years$2,879$2,328$1,868$1,489$1,179$537
21 years$2,713$2,168$1,718$1,351$1,055$458
22 years$2,562$2,024$1,584$1,228$946$390
23 years$2,425$1,893$1,462$1,119$849$333
24 years$2,299$1,774$1,352$1,020$763$285
25 years$2,184$1,665$1,252$932$687$244
26 years$2,077$1,564$1,162$852$619$209
27 years$1,979$1,472$1,079$780$558$179
28 years$1,888$1,387$1,003$715$503$153
29 years$1,803$1,309$933$655$454$131
30 years$1,724$1,236$869$601$411$112
31 years$1,650$1,168$810$552$371$96
32 years$1,581$1,106$756$508$336$82
33 years$1,517$1,047$706$467$304$71
34 years$1,456$992$660$429$275$61
35 years$1,399$941$617$395$249$52
36 years$1,345$893$577$364$226$45
37 years$1,294$848$540$335$205$38
38 years$1,246$806$506$309$186$33
39 years$1,201$767$474$285$168$28
40 years$1,158$730$444$263$153$24
41 years$1,117$694$416$243$138$21
42 years$1,078$661$391$224$126$18
43 years$1,041$630$366$207$114$15
44 years$1,006$601$344$191$103$13
45 years$973$573$323$176$94$11
46 years$941$546$303$163$85$10
47 years$911$521$285$150$77$8
48 years$881$498$268$139$70$7
49 years$854$475$252$128$64$6
50 years$827$454$237$119$58$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $847,000, adding $4,709 every year, while hoping to spend $58,229 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: 32/47/21 Blend
53$847,000$847,000$847,000$847,000
54$938,251$893,360$880,232$962,055
55$971,998$875,180$847,764$962,135
56$1,007,235$854,157$812,258$956,612
57$1,044,053$830,091$773,548$949,455
58$1,082,550$802,769$731,466$940,557
59$1,122,832$771,966$685,832$929,805
60$1,165,013$737,445$636,460$917,083
61$1,209,218$698,953$583,155$902,268
62$1,255,581$656,225$525,713$885,231
63$1,304,248$608,978$463,922$865,841
64$1,355,378$556,914$397,561$843,956
65$1,409,143$499,720$326,396$819,434
66$1,465,732$437,062$250,186$792,124
67$1,525,347$368,589$168,677$761,869
68$1,588,211$293,928$81,607$728,508
69$1,654,567$212,689$0$691,873
70$1,724,679$124,457$0$654,326
71$1,798,834$28,793$0$632,832
72$1,877,348$0$0$608,968
73$1,960,563$0$0$621,281
74$2,048,856$0$0$650,209
75$2,142,637$0$0$681,002
76$2,242,354$0$0$713,817
77$2,348,500$0$0$748,825
78$2,461,611$0$0$786,213
79$2,582,277$0$0$826,186
80$2,711,142$0$0$868,970
81$2,848,914$0$0$914,811
82$2,996,368$0$0$963,979
83$3,154,353$0$0$1,016,772
84$3,323,803$0$0$1,073,516
85$3,505,738$0$0$1,134,568
86$3,701,283$0$0$1,200,322
87$3,911,669$0$0$1,271,208
88$4,138,249$0$0$1,347,701
89$4,382,509$0$0$1,430,321
90$4,646,082$0$0$1,519,641
91$4,930,761$0$0$1,616,289
92$5,238,517$0$0$1,720,958
93$5,571,516$0$0$1,834,406
94$5,932,139$0$0$1,957,471
95$6,323,003$0$0$2,091,070
96$6,746,988$0$0$2,236,216
97$7,207,259$0$0$2,394,021
98$7,707,298$0$0$2,565,707
99$8,250,936$0$0$2,752,621
100$8,842,386$0$0$2,956,244