Can I retire at age 54 with 868,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $868,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.2%
1 years$71,679$71,040$70,417$69,809$69,216$68,866
2 years$35,484$34,824$34,183$33,562$32,960$32,607
3 years$23,421$22,758$22,119$21,504$20,911$20,566
4 years$17,391$16,729$16,097$15,492$14,914$14,579
5 years$13,774$13,116$12,492$11,899$11,337$11,014
6 years$11,363$10,710$10,095$9,516$8,971$8,659
7 years$9,642$8,994$8,389$7,824$7,296$6,996
8 years$8,351$7,710$7,115$6,563$6,052$5,765
9 years$7,348$6,713$6,128$5,590$5,097$4,821
10 years$6,546$5,917$5,342$4,819$4,343$4,079
11 years$5,890$5,268$4,703$4,194$3,735$3,482
12 years$5,344$4,728$4,174$3,679$3,237$2,996
13 years$4,883$4,273$3,729$3,248$2,823$2,592
14 years$4,487$3,884$3,351$2,883$2,474$2,255
15 years$4,145$3,548$3,025$2,571$2,178$1,970
16 years$3,846$3,255$2,743$2,302$1,925$1,727
17 years$3,582$2,998$2,496$2,068$1,707$1,519
18 years$3,348$2,770$2,278$1,864$1,518$1,339
19 years$3,138$2,567$2,086$1,684$1,353$1,184
20 years$2,950$2,386$1,914$1,525$1,208$1,048
21 years$2,780$2,222$1,761$1,384$1,081$930
22 years$2,626$2,074$1,623$1,259$969$826
23 years$2,485$1,940$1,498$1,146$870$735
24 years$2,356$1,818$1,386$1,046$782$655
25 years$2,238$1,706$1,283$955$704$584
26 years$2,129$1,603$1,190$873$634$521
27 years$2,028$1,509$1,105$799$572$465
28 years$1,935$1,422$1,028$732$516$416
29 years$1,848$1,341$956$671$466$372
30 years$1,767$1,267$891$616$421$333
31 years$1,691$1,197$830$566$380$298
32 years$1,621$1,133$775$520$344$267
33 years$1,554$1,073$723$478$311$239
34 years$1,492$1,017$676$440$282$215
35 years$1,434$965$632$405$255$192
36 years$1,379$915$591$373$231$173
37 years$1,327$870$553$344$210$155
38 years$1,277$826$518$317$190$139
39 years$1,231$786$485$292$172$125
40 years$1,187$748$455$269$156$112
41 years$1,145$712$427$249$142$101
42 years$1,105$678$400$229$129$90
43 years$1,067$646$376$212$117$81
44 years$1,031$616$353$196$106$73
45 years$997$587$331$181$96$65
46 years$964$560$311$167$87$59
47 years$933$534$292$154$79$53
48 years$903$510$274$142$72$48
49 years$875$487$258$132$65$43
50 years$847$465$243$122$59$38

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $868,000, adding $3,542 every year, while hoping to spend $37,944 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: 40/37/23 Blend
53$868,000$868,000$868,000$868,000
54$960,190$914,186$900,732$991,939
55$1,017,757$918,609$890,534$1,019,541
56$1,079,924$921,977$878,723$1,045,529
57$1,147,121$924,198$865,205$1,072,886
58$1,219,818$925,175$849,880$1,101,757
59$1,298,535$924,804$832,647$1,132,308
60$1,383,842$922,975$813,396$1,164,722
61$1,476,365$919,572$792,016$1,199,201
62$1,576,793$914,470$768,387$1,235,975
63$1,685,885$907,538$742,387$1,275,297
64$1,804,474$898,636$713,886$1,317,450
65$1,933,478$887,617$682,749$1,362,749
66$2,073,907$874,324$648,835$1,411,545
67$2,226,870$858,591$611,996$1,464,227
68$2,393,591$840,242$572,078$1,521,230
69$2,575,414$819,090$528,919$1,583,035
70$2,773,819$794,939$482,352$1,650,180
71$2,990,437$767,580$432,199$1,723,260
72$3,227,061$736,791$378,277$1,802,935
73$3,485,667$702,338$320,394$1,889,941
74$3,768,427$663,975$258,350$1,985,092
75$4,077,737$621,440$191,935$2,089,292
76$4,416,231$574,456$120,930$2,203,544
77$4,786,813$522,731$45,107$2,328,959
78$5,192,678$465,955$0$2,466,770
79$5,637,346$403,801$0$2,627,131
80$6,124,693$335,925$0$2,815,151
81$6,658,988$261,962$0$3,021,489
82$7,244,933$181,526$0$3,248,066
83$7,887,706$94,211$0$3,497,008
84$8,593,012$0$0$3,770,662
85$9,367,132$0$0$4,071,788
86$10,216,988$0$0$4,444,602
87$11,150,204$0$0$4,854,103
88$12,175,177$0$0$5,303,993
89$13,301,157$0$0$5,798,346
90$14,538,338$0$0$6,341,654
91$15,897,945$0$0$6,938,863
92$17,392,348$0$0$7,595,424
93$19,035,174$0$0$8,317,341
94$20,841,436$0$0$9,111,231
95$22,827,674$0$0$9,984,380
96$25,012,110$0$0$10,944,821
97$27,414,824$0$0$12,001,401
98$30,057,936$0$0$13,163,869
99$32,965,820$0$0$14,442,966
100$36,165,330$0$0$15,850,526