Can I retire at age 54 with 868,000?

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 $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%13.5%
1 years$71,679$71,040$70,417$69,809$69,216$68,209
2 years$35,484$34,824$34,183$33,562$32,960$31,948
3 years$23,421$22,758$22,119$21,504$20,911$19,925
4 years$17,391$16,729$16,097$15,492$14,914$13,962
5 years$13,774$13,116$12,492$11,899$11,337$10,422
6 years$11,363$10,710$10,095$9,516$8,971$8,093
7 years$9,642$8,994$8,389$7,824$7,296$6,455
8 years$8,351$7,710$7,115$6,563$6,052$5,250
9 years$7,348$6,713$6,128$5,590$5,097$4,332
10 years$6,546$5,917$5,342$4,819$4,343$3,614
11 years$5,890$5,268$4,703$4,194$3,735$3,042
12 years$5,344$4,728$4,174$3,679$3,237$2,579
13 years$4,883$4,273$3,729$3,248$2,823$2,199
14 years$4,487$3,884$3,351$2,883$2,474$1,884
15 years$4,145$3,548$3,025$2,571$2,178$1,620
16 years$3,846$3,255$2,743$2,302$1,925$1,398
17 years$3,582$2,998$2,496$2,068$1,707$1,210
18 years$3,348$2,770$2,278$1,864$1,518$1,050
19 years$3,138$2,567$2,086$1,684$1,353$913
20 years$2,950$2,386$1,914$1,525$1,208$795
21 years$2,780$2,222$1,761$1,384$1,081$693
22 years$2,626$2,074$1,623$1,259$969$605
23 years$2,485$1,940$1,498$1,146$870$529
24 years$2,356$1,818$1,386$1,046$782$463
25 years$2,238$1,706$1,283$955$704$406
26 years$2,129$1,603$1,190$873$634$355
27 years$2,028$1,509$1,105$799$572$312
28 years$1,935$1,422$1,028$732$516$274
29 years$1,848$1,341$956$671$466$240
30 years$1,767$1,267$891$616$421$211
31 years$1,691$1,197$830$566$380$185
32 years$1,621$1,133$775$520$344$163
33 years$1,554$1,073$723$478$311$143
34 years$1,492$1,017$676$440$282$126
35 years$1,434$965$632$405$255$111
36 years$1,379$915$591$373$231$97
37 years$1,327$870$553$344$210$86
38 years$1,277$826$518$317$190$75
39 years$1,231$786$485$292$172$66
40 years$1,187$748$455$269$156$58
41 years$1,145$712$427$249$142$51
42 years$1,105$678$400$229$129$45
43 years$1,067$646$376$212$117$40
44 years$1,031$616$353$196$106$35
45 years$997$587$331$181$96$31
46 years$964$560$311$167$87$27
47 years$933$534$292$154$79$24
48 years$903$510$274$142$72$21
49 years$875$487$258$132$65$19
50 years$847$465$243$122$59$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $868,000, adding $4,791 every year, while hoping to spend $46,851 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: 39/49/12 Blend
53$868,000$868,000$868,000$868,000
54$961,478$915,474$902,020$995,320
55$1,009,700$910,483$882,388$1,014,760
56$1,061,270$903,677$860,529$1,030,821
57$1,116,480$894,918$836,318$1,047,155
58$1,175,651$884,060$809,625$1,063,806
59$1,239,134$870,945$780,314$1,080,831
60$1,307,315$855,411$748,244$1,098,292
61$1,380,617$837,282$713,265$1,116,264
62$1,459,504$816,373$675,224$1,134,831
63$1,544,487$792,488$633,957$1,154,092
64$1,636,125$765,421$589,296$1,174,161
65$1,735,035$734,951$541,062$1,195,168
66$1,841,892$700,848$489,071$1,217,260
67$1,957,440$662,864$433,130$1,240,609
68$2,082,496$620,742$373,037$1,265,405
69$2,217,958$574,205$308,580$1,291,869
70$2,364,812$522,963$239,541$1,320,248
71$2,524,145$466,711$165,688$1,350,822
72$2,697,151$405,123$86,781$1,383,909
73$2,885,144$337,857$2,571$1,419,865
74$3,089,567$264,551$0$1,459,094
75$3,312,011$184,822$0$1,513,226
76$3,554,224$98,266$0$1,572,670
77$3,818,132$4,458$0$1,637,704
78$4,105,851$0$0$1,709,008
79$4,419,713$0$0$1,839,668
80$4,762,284$0$0$1,985,014
81$5,136,387$0$0$2,143,851
82$5,545,132$0$0$2,317,516
83$5,991,941$0$0$2,507,477
84$6,480,582$0$0$2,715,352
85$7,015,205$0$0$2,942,921
86$7,600,379$0$0$3,192,147
87$8,241,133$0$0$3,465,188
88$8,943,007$0$0$3,764,424
89$9,712,103$0$0$4,092,475
90$10,555,140$0$0$4,452,225
91$11,479,517$0$0$4,846,852
92$12,493,384$0$0$5,279,858
93$13,605,719$0$0$5,755,096
94$14,826,410$0$0$6,276,815
95$16,166,348$0$0$6,849,692
96$17,637,530$0$0$7,478,881
97$19,253,173$0$0$8,170,058
98$21,027,834$0$0$8,929,478
99$22,977,552$0$0$9,764,031
100$25,119,996$0$0$10,681,305