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%16.4%
1 years$71,761$71,122$70,498$69,890$69,295$67,483
2 years$35,525$34,864$34,223$33,601$32,998$31,184
3 years$23,448$22,784$22,144$21,528$20,935$19,177
4 years$17,411$16,749$16,115$15,510$14,931$13,242
5 years$13,790$13,131$12,506$11,913$11,350$9,735
6 years$11,376$10,722$10,107$9,527$8,981$7,441
7 years$9,653$9,005$8,399$7,833$7,304$5,840
8 years$8,361$7,719$7,123$6,571$6,059$4,670
9 years$7,357$6,721$6,135$5,597$5,103$3,787
10 years$6,554$5,924$5,349$4,824$4,348$3,104
11 years$5,897$5,274$4,709$4,199$3,739$2,565
12 years$5,350$4,733$4,179$3,683$3,240$2,134
13 years$4,888$4,278$3,734$3,251$2,826$1,785
14 years$4,492$3,888$3,355$2,886$2,477$1,499
15 years$4,150$3,552$3,029$2,574$2,181$1,264
16 years$3,850$3,259$2,746$2,305$1,928$1,069
17 years$3,586$3,001$2,499$2,071$1,709$906
18 years$3,351$2,773$2,281$1,866$1,520$769
19 years$3,142$2,570$2,088$1,686$1,355$654
20 years$2,953$2,388$1,916$1,527$1,210$558
21 years$2,783$2,225$1,763$1,386$1,083$476
22 years$2,629$2,077$1,625$1,260$970$406
23 years$2,488$1,942$1,500$1,148$871$347
24 years$2,359$1,820$1,387$1,047$783$297
25 years$2,240$1,708$1,285$956$705$254
26 years$2,131$1,605$1,192$874$635$218
27 years$2,030$1,511$1,107$800$572$186
28 years$1,937$1,423$1,029$733$516$160
29 years$1,850$1,343$957$672$466$137
30 years$1,769$1,268$892$617$421$117
31 years$1,693$1,199$831$567$381$101
32 years$1,623$1,134$776$521$345$86
33 years$1,556$1,074$724$479$312$74
34 years$1,494$1,018$677$441$282$64
35 years$1,435$966$633$406$256$55
36 years$1,380$917$592$374$232$47
37 years$1,328$871$554$344$210$40
38 years$1,279$827$519$317$190$35
39 years$1,232$787$486$292$173$30
40 years$1,188$748$456$270$157$26
41 years$1,146$712$427$249$142$22
42 years$1,106$679$401$230$129$19
43 years$1,069$646$376$212$117$16
44 years$1,032$616$353$196$106$14
45 years$998$588$331$181$96$12
46 years$965$561$311$167$88$10
47 years$934$535$292$154$79$9
48 years$904$511$275$143$72$8
49 years$876$488$258$132$66$6
50 years$848$466$243$122$60$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $869,000, adding $3,737 every year, while hoping to spend $51,828 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: 29/42/29 Blend
53$869,000$869,000$869,000$869,000
54$961,493$915,436$901,966$980,699
55$1,004,420$905,147$877,037$985,946
56$1,049,990$892,618$849,537$986,850
57$1,098,415$877,683$819,323$986,797
58$1,149,932$860,168$786,248$985,742
59$1,204,797$839,888$750,160$983,639
60$1,263,292$816,648$710,895$980,443
61$1,325,724$790,241$668,287$976,112
62$1,392,433$760,447$622,160$970,604
63$1,463,788$727,036$572,329$963,882
64$1,540,194$689,761$518,602$955,908
65$1,622,098$648,363$460,779$946,650
66$1,709,987$602,568$398,650$936,083
67$1,804,398$552,085$331,997$924,182
68$1,905,918$496,609$260,591$910,934
69$2,015,194$435,815$184,192$896,329
70$2,132,934$369,361$102,553$880,370
71$2,259,918$296,884$15,413$863,068
72$2,397,001$218,003$0$844,448
73$2,545,123$132,313$0$848,551
74$2,705,318$39,389$0$858,078
75$2,878,722$0$0$868,417
76$3,066,583$0$0$908,052
77$3,270,275$0$0$970,880
78$3,491,306$0$0$1,039,179
79$3,731,337$0$0$1,113,476
80$3,992,195$0$0$1,194,353
81$4,275,888$0$0$1,282,450
82$4,584,628$0$0$1,378,469
83$4,920,846$0$0$1,483,187
84$5,287,219$0$0$1,597,456
85$5,686,692$0$0$1,722,214
86$6,122,507$0$0$1,858,495
87$6,598,231$0$0$2,007,436
88$7,117,794$0$0$2,170,289
89$7,685,518$0$0$2,348,433
90$8,306,163$0$0$2,543,386
91$8,984,971$0$0$2,756,820
92$9,727,712$0$0$2,990,576
93$10,540,740$0$0$3,246,680
94$11,431,053$0$0$3,527,365
95$12,406,355$0$0$3,835,090
96$13,475,132$0$0$4,172,563
97$14,646,728$0$0$4,542,767
98$15,931,438$0$0$4,948,986
99$17,340,596$0$0$5,394,840
100$18,886,689$0$0$5,884,314