Can I retire at age 54 with 870,000?

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 $870,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11%
1 years$71,844$71,204$70,579$69,970$69,375$69,083
2 years$35,566$34,904$34,262$33,639$33,036$32,741
3 years$23,475$22,810$22,170$21,553$20,959$20,670
4 years$17,431$16,768$16,134$15,528$14,948$14,668
5 years$13,805$13,146$12,521$11,927$11,363$11,093
6 years$11,389$10,735$10,118$9,538$8,992$8,730
7 years$9,664$9,015$8,408$7,842$7,313$7,061
8 years$8,371$7,728$7,131$6,578$6,066$5,825
9 years$7,365$6,728$6,142$5,603$5,109$4,877
10 years$6,561$5,931$5,355$4,830$4,353$4,131
11 years$5,904$5,280$4,714$4,204$3,744$3,532
12 years$5,357$4,739$4,184$3,687$3,244$3,042
13 years$4,894$4,282$3,738$3,255$2,829$2,636
14 years$4,498$3,893$3,359$2,890$2,480$2,295
15 years$4,154$3,556$3,032$2,577$2,183$2,008
16 years$3,854$3,263$2,749$2,307$1,930$1,763
17 years$3,590$3,005$2,502$2,073$1,711$1,552
18 years$3,355$2,776$2,284$1,868$1,521$1,371
19 years$3,145$2,573$2,091$1,688$1,356$1,213
20 years$2,957$2,391$1,919$1,529$1,211$1,076
21 years$2,786$2,227$1,765$1,388$1,084$956
22 years$2,632$2,079$1,627$1,262$972$851
23 years$2,491$1,945$1,502$1,149$872$758
24 years$2,362$1,822$1,389$1,048$784$676
25 years$2,243$1,710$1,286$957$705$604
26 years$2,134$1,607$1,193$875$635$540
27 years$2,033$1,512$1,108$801$573$483
28 years$1,939$1,425$1,030$734$517$432
29 years$1,852$1,344$958$673$467$387
30 years$1,771$1,270$893$618$422$347
31 years$1,695$1,200$832$567$381$311
32 years$1,624$1,136$777$521$345$279
33 years$1,558$1,075$725$479$312$251
34 years$1,496$1,019$677$441$283$225
35 years$1,437$967$633$406$256$202
36 years$1,382$918$593$374$232$182
37 years$1,330$872$555$345$210$163
38 years$1,280$828$519$318$191$147
39 years$1,234$788$487$293$173$132
40 years$1,189$749$456$270$157$119
41 years$1,147$713$428$249$142$107
42 years$1,108$679$401$230$129$96
43 years$1,070$647$376$212$117$86
44 years$1,034$617$353$196$106$78
45 years$999$588$332$181$97$70
46 years$967$561$312$167$88$63
47 years$935$536$293$154$80$57
48 years$905$511$275$143$72$51
49 years$877$488$259$132$66$46
50 years$849$466$243$122$60$41

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $870,000, adding $5,697 every year, while hoping to spend $23,895 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: 85/5/10 Blend
53$870,000$870,000$870,000$870,000
54$964,616$918,506$905,021$1,044,722
55$1,037,583$938,089$909,916$1,117,499
56$1,117,192$957,831$914,173$1,193,617
57$1,204,094$977,713$917,747$1,276,508
58$1,299,009$997,718$920,588$1,366,836
59$1,402,726$1,017,824$922,646$1,465,336
60$1,516,115$1,038,009$923,865$1,572,816
61$1,640,135$1,058,247$924,191$1,690,167
62$1,775,840$1,078,513$923,563$1,818,369
63$1,924,392$1,098,776$921,919$1,958,503
64$2,087,070$1,119,006$919,193$2,111,758
65$2,265,282$1,139,169$915,317$2,279,444
66$2,460,580$1,159,227$910,219$2,463,006
67$2,674,672$1,179,142$903,824$2,664,034
68$2,909,439$1,198,871$896,053$2,884,279
69$3,166,955$1,218,368$886,823$3,125,673
70$3,449,500$1,237,584$876,048$3,390,342
71$3,759,590$1,256,466$863,636$3,680,629
72$4,099,993$1,274,958$849,493$3,999,114
73$4,473,761$1,293,000$833,520$4,348,644
74$4,884,253$1,310,526$815,612$4,732,350
75$5,335,172$1,327,467$795,660$5,153,686
76$5,830,596$1,343,748$773,550$5,616,456
77$6,375,016$1,359,292$749,164$6,124,851
78$6,973,383$1,374,013$722,377$6,683,492
79$7,631,150$1,387,821$693,057$7,297,467
80$8,354,322$1,400,619$661,070$7,972,384
81$9,149,519$1,412,306$626,272$8,714,423
82$10,024,033$1,422,771$588,515$9,530,392
83$10,985,897$1,431,899$547,642$10,427,796
84$12,043,962$1,439,566$503,492$11,414,901
85$13,207,981$1,445,640$455,895$12,500,819
86$14,488,700$1,449,981$404,672$13,695,590
87$15,897,957$1,452,440$349,638$15,010,277
88$17,448,798$1,452,859$290,600$16,457,070
89$19,155,596$1,451,070$227,356$18,049,404
90$21,034,189$1,446,895$159,695$19,802,082
91$23,102,027$1,440,143$87,395$21,731,419
92$25,378,338$1,430,615$10,227$23,855,391
93$27,884,311$1,418,097$0$26,193,809
94$30,643,290$1,402,363$0$28,776,199
95$33,681,000$1,383,173$0$31,620,586
96$37,025,788$1,360,274$0$34,752,418
97$40,708,887$1,333,397$0$38,200,937
98$44,764,717$1,302,257$0$41,998,367
99$49,231,203$1,266,552$0$46,180,218
100$54,150,135$1,225,962$0$50,785,619