Can I retire at age 54 with 869,000?

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 $869,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.5%
1 years$71,761$71,122$70,498$69,890$69,295$68,859
2 years$35,525$34,864$34,223$33,601$32,998$32,557
3 years$23,448$22,784$22,144$21,528$20,935$20,504
4 years$17,411$16,749$16,115$15,510$14,931$14,514
5 years$13,790$13,131$12,506$11,913$11,350$10,947
6 years$11,376$10,722$10,107$9,527$8,981$8,593
7 years$9,653$9,005$8,399$7,833$7,304$6,931
8 years$8,361$7,719$7,123$6,571$6,059$5,701
9 years$7,357$6,721$6,135$5,597$5,103$4,760
10 years$6,554$5,924$5,349$4,824$4,348$4,020
11 years$5,897$5,274$4,709$4,199$3,739$3,426
12 years$5,350$4,733$4,179$3,683$3,240$2,941
13 years$4,888$4,278$3,734$3,251$2,826$2,541
14 years$4,492$3,888$3,355$2,886$2,477$2,206
15 years$4,150$3,552$3,029$2,574$2,181$1,923
16 years$3,850$3,259$2,746$2,305$1,928$1,682
17 years$3,586$3,001$2,499$2,071$1,709$1,477
18 years$3,351$2,773$2,281$1,866$1,520$1,299
19 years$3,142$2,570$2,088$1,686$1,355$1,146
20 years$2,953$2,388$1,916$1,527$1,210$1,013
21 years$2,783$2,225$1,763$1,386$1,083$896
22 years$2,629$2,077$1,625$1,260$970$795
23 years$2,488$1,942$1,500$1,148$871$705
24 years$2,359$1,820$1,387$1,047$783$627
25 years$2,240$1,708$1,285$956$705$558
26 years$2,131$1,605$1,192$874$635$497
27 years$2,030$1,511$1,107$800$572$442
28 years$1,937$1,423$1,029$733$516$395
29 years$1,850$1,343$957$672$466$352
30 years$1,769$1,268$892$617$421$314
31 years$1,693$1,199$831$567$381$281
32 years$1,623$1,134$776$521$345$251
33 years$1,556$1,074$724$479$312$224
34 years$1,494$1,018$677$441$282$201
35 years$1,435$966$633$406$256$179
36 years$1,380$917$592$374$232$160
37 years$1,328$871$554$344$210$144
38 years$1,279$827$519$317$190$129
39 years$1,232$787$486$292$173$115
40 years$1,188$748$456$270$157$103
41 years$1,146$712$427$249$142$92
42 years$1,106$679$401$230$129$83
43 years$1,069$646$376$212$117$74
44 years$1,032$616$353$196$106$66
45 years$998$588$331$181$96$60
46 years$965$561$311$167$88$53
47 years$934$535$292$154$79$48
48 years$904$511$275$143$72$43
49 years$876$488$258$132$66$38
50 years$848$466$243$122$60$34

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $869,000, adding $4,587 every year, while hoping to spend $53,366 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: 25/50/25 Blend
53$869,000$869,000$869,000$869,000
54$962,369$916,312$902,843$978,735
55$1,003,750$904,431$876,307$980,638
56$1,047,563$890,178$847,094$977,789
57$1,094,000$873,382$815,057$973,603
58$1,143,270$853,861$780,044$968,002
59$1,195,603$831,419$741,895$960,907
60$1,251,249$805,853$700,443$952,237
61$1,310,483$776,946$655,513$941,907
62$1,373,603$744,468$606,925$929,834
63$1,440,940$708,176$554,486$915,931
64$1,512,853$667,814$497,998$900,111
65$1,589,737$623,109$437,253$882,288
66$1,672,023$573,775$372,035$862,374
67$1,760,187$519,507$302,116$840,281
68$1,854,749$459,986$227,259$815,925
69$1,956,279$394,871$147,218$789,219
70$2,065,405$323,805$61,735$760,083
71$2,182,813$246,408$0$728,438
72$2,309,258$162,280$0$702,077
73$2,445,571$71,001$0$691,148
74$2,592,662$0$0$679,185
75$2,751,532$0$0$681,553
76$2,923,281$0$0$726,461
77$3,109,118$0$0$775,173
78$3,310,372$0$0$828,055
79$3,528,503$0$0$885,506
80$3,765,118$0$0$947,965
81$4,021,985$0$0$1,015,918
82$4,301,046$0$0$1,089,897
83$4,604,439$0$0$1,170,488
84$4,934,516$0$0$1,258,336
85$5,293,864$0$0$1,354,151
86$5,685,330$0$0$1,458,715
87$6,112,048$0$0$1,572,886
88$6,577,466$0$0$1,697,613
89$7,085,379$0$0$1,833,937
90$7,639,965$0$0$1,983,005
91$8,245,823$0$0$2,146,082
92$8,908,016$0$0$2,324,559
93$9,632,117$0$0$2,519,966
94$10,424,265$0$0$2,733,992
95$11,291,216$0$0$2,968,494
96$12,240,413$0$0$3,225,517
97$13,280,048$0$0$3,507,315
98$14,419,146$0$0$3,816,369
99$15,667,645$0$0$4,155,413
100$17,036,490$0$0$4,527,458