Can I retire at age 54 with 870,000?

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 $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%11.5%
1 years$71,844$71,204$70,579$69,970$69,375$68,938
2 years$35,566$34,904$34,262$33,639$33,036$32,595
3 years$23,475$22,810$22,170$21,553$20,959$20,528
4 years$17,431$16,768$16,134$15,528$14,948$14,530
5 years$13,805$13,146$12,521$11,927$11,363$10,960
6 years$11,389$10,735$10,118$9,538$8,992$8,603
7 years$9,664$9,015$8,408$7,842$7,313$6,939
8 years$8,371$7,728$7,131$6,578$6,066$5,708
9 years$7,365$6,728$6,142$5,603$5,109$4,765
10 years$6,561$5,931$5,355$4,830$4,353$4,024
11 years$5,904$5,280$4,714$4,204$3,744$3,430
12 years$5,357$4,739$4,184$3,687$3,244$2,945
13 years$4,894$4,282$3,738$3,255$2,829$2,543
14 years$4,498$3,893$3,359$2,890$2,480$2,208
15 years$4,154$3,556$3,032$2,577$2,183$1,925
16 years$3,854$3,263$2,749$2,307$1,930$1,684
17 years$3,590$3,005$2,502$2,073$1,711$1,478
18 years$3,355$2,776$2,284$1,868$1,521$1,301
19 years$3,145$2,573$2,091$1,688$1,356$1,147
20 years$2,957$2,391$1,919$1,529$1,211$1,014
21 years$2,786$2,227$1,765$1,388$1,084$897
22 years$2,632$2,079$1,627$1,262$972$795
23 years$2,491$1,945$1,502$1,149$872$706
24 years$2,362$1,822$1,389$1,048$784$628
25 years$2,243$1,710$1,286$957$705$558
26 years$2,134$1,607$1,193$875$635$497
27 years$2,033$1,512$1,108$801$573$443
28 years$1,939$1,425$1,030$734$517$395
29 years$1,852$1,344$958$673$467$352
30 years$1,771$1,270$893$618$422$315
31 years$1,695$1,200$832$567$381$281
32 years$1,624$1,136$777$521$345$251
33 years$1,558$1,075$725$479$312$224
34 years$1,496$1,019$677$441$283$201
35 years$1,437$967$633$406$256$180
36 years$1,382$918$593$374$232$161
37 years$1,330$872$555$345$210$144
38 years$1,280$828$519$318$191$129
39 years$1,234$788$487$293$173$115
40 years$1,189$749$456$270$157$103
41 years$1,147$713$428$249$142$92
42 years$1,108$679$401$230$129$83
43 years$1,070$647$376$212$117$74
44 years$1,034$617$353$196$106$66
45 years$999$588$332$181$97$60
46 years$967$561$312$167$88$53
47 years$935$536$293$154$80$48
48 years$905$511$275$143$72$43
49 years$877$488$259$132$66$38
50 years$849$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 $870,000, adding $5,261 every year, while hoping to spend $40,245 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: 27/44/29 Blend
53$870,000$870,000$870,000$870,000
54$964,167$918,057$904,572$981,411
55$1,019,691$920,221$892,055$998,017
56$1,079,531$921,143$877,769$1,012,045
57$1,144,082$920,718$861,614$1,026,295
58$1,213,783$918,838$843,482$1,040,816
59$1,289,113$915,385$823,263$1,055,663
60$1,370,599$910,235$800,839$1,070,901
61$1,458,822$903,259$776,089$1,086,605
62$1,554,419$894,316$748,885$1,102,863
63$1,658,091$883,258$719,094$1,119,776
64$1,770,609$869,931$686,576$1,137,459
65$1,892,821$854,167$651,186$1,156,043
66$2,025,658$835,791$612,771$1,175,681
67$2,170,148$814,618$571,172$1,196,544
68$2,327,419$790,450$526,222$1,218,826
69$2,498,713$763,079$477,747$1,242,750
70$2,685,397$732,285$425,567$1,268,566
71$2,888,975$697,834$369,491$1,296,556
72$3,111,102$659,480$309,320$1,327,041
73$3,353,601$616,960$244,849$1,360,381
74$3,618,477$570,001$175,860$1,396,979
75$3,907,940$518,308$102,129$1,437,291
76$4,224,419$461,575$23,420$1,481,828
77$4,570,592$399,475$0$1,531,162
78$4,949,406$331,663$0$1,604,677
79$5,364,107$257,775$0$1,693,301
80$5,818,268$177,428$0$1,790,663
81$6,315,824$90,215$0$1,897,746
82$6,861,110$0$0$2,015,642
83$7,458,899$0$0$2,147,639
84$8,114,448$0$0$2,340,433
85$8,833,547$0$0$2,552,064
86$9,622,574$0$0$2,784,429
87$10,488,555$0$0$3,039,615
88$11,439,226$0$0$3,319,921
89$12,483,112$0$0$3,627,882
90$13,629,603$0$0$3,966,289
91$14,889,042$0$0$4,338,218
92$16,272,824$0$0$4,747,054
93$17,793,503$0$0$5,196,532
94$19,464,908$0$0$5,690,763
95$21,302,274$0$0$6,234,277
96$23,322,389$0$0$6,832,066
97$25,543,744$0$0$7,489,628
98$27,986,716$0$0$8,213,025
99$30,673,752$0$0$9,008,930
100$33,629,587$0$0$9,884,700