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%16.7%
1 years$71,844$71,204$70,579$69,970$69,375$67,479
2 years$35,566$34,904$34,262$33,639$33,036$31,139
3 years$23,475$22,810$22,170$21,553$20,959$19,122
4 years$17,431$16,768$16,134$15,528$14,948$13,184
5 years$13,805$13,146$12,521$11,927$11,363$9,677
6 years$11,389$10,735$10,118$9,538$8,992$7,385
7 years$9,664$9,015$8,408$7,842$7,313$5,786
8 years$8,371$7,728$7,131$6,578$6,066$4,618
9 years$7,365$6,728$6,142$5,603$5,109$3,738
10 years$6,561$5,931$5,355$4,830$4,353$3,058
11 years$5,904$5,280$4,714$4,204$3,744$2,523
12 years$5,357$4,739$4,184$3,687$3,244$2,094
13 years$4,894$4,282$3,738$3,255$2,829$1,748
14 years$4,498$3,893$3,359$2,890$2,480$1,466
15 years$4,154$3,556$3,032$2,577$2,183$1,233
16 years$3,854$3,263$2,749$2,307$1,930$1,040
17 years$3,590$3,005$2,502$2,073$1,711$880
18 years$3,355$2,776$2,284$1,868$1,521$745
19 years$3,145$2,573$2,091$1,688$1,356$633
20 years$2,957$2,391$1,919$1,529$1,211$538
21 years$2,786$2,227$1,765$1,388$1,084$458
22 years$2,632$2,079$1,627$1,262$972$390
23 years$2,491$1,945$1,502$1,149$872$333
24 years$2,362$1,822$1,389$1,048$784$284
25 years$2,243$1,710$1,286$957$705$242
26 years$2,134$1,607$1,193$875$635$207
27 years$2,033$1,512$1,108$801$573$177
28 years$1,939$1,425$1,030$734$517$151
29 years$1,852$1,344$958$673$467$129
30 years$1,771$1,270$893$618$422$111
31 years$1,695$1,200$832$567$381$95
32 years$1,624$1,136$777$521$345$81
33 years$1,558$1,075$725$479$312$69
34 years$1,496$1,019$677$441$283$59
35 years$1,437$967$633$406$256$51
36 years$1,382$918$593$374$232$44
37 years$1,330$872$555$345$210$37
38 years$1,280$828$519$318$191$32
39 years$1,234$788$487$293$173$27
40 years$1,189$749$456$270$157$23
41 years$1,147$713$428$249$142$20
42 years$1,108$679$401$230$129$17
43 years$1,070$647$376$212$117$15
44 years$1,034$617$353$196$106$13
45 years$999$588$332$181$97$11
46 years$967$561$312$167$88$9
47 years$935$536$293$154$80$8
48 years$905$511$275$143$72$7
49 years$877$488$259$132$66$6
50 years$849$466$243$122$60$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $870,000, adding $2,461 every year, while hoping to spend $20,061 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: 69/26/5 Blend
53$870,000$870,000$870,000$870,000
54$961,279$915,169$901,684$1,026,919
55$1,037,984$938,667$910,545$1,094,137
56$1,121,841$962,645$919,031$1,164,935
57$1,213,559$987,104$927,108$1,241,822
58$1,313,916$1,012,046$934,740$1,325,390
59$1,423,771$1,037,472$941,890$1,416,288
60$1,544,071$1,063,383$948,518$1,515,236
61$1,675,855$1,089,778$954,583$1,623,021
62$1,820,273$1,116,657$960,042$1,740,515
63$1,978,585$1,144,018$964,848$1,868,674
64$2,152,183$1,171,858$968,953$2,008,553
65$2,342,600$1,200,173$972,307$2,161,313
66$2,551,522$1,228,958$974,856$2,328,234
67$2,780,809$1,258,209$976,545$2,510,724
68$3,032,507$1,287,917$977,315$2,710,336
69$3,308,873$1,318,074$977,105$2,928,778
70$3,612,389$1,348,672$975,850$3,167,934
71$3,945,794$1,379,698$973,482$3,429,879
72$4,312,102$1,411,139$969,930$3,716,898
73$4,714,634$1,442,983$965,120$4,031,508
74$5,157,049$1,475,212$958,975$4,376,484
75$5,643,379$1,507,807$951,411$4,754,881
76$6,178,064$1,540,750$942,343$5,170,067
77$6,765,997$1,574,018$931,682$5,625,752
78$7,412,569$1,607,585$919,334$6,126,022
79$8,123,719$1,641,425$905,200$6,675,382
80$8,905,991$1,675,508$889,177$7,278,794
81$9,766,596$1,709,801$871,158$7,941,726
82$10,713,475$1,744,268$851,029$8,670,203
83$11,755,384$1,778,871$828,672$9,470,863
84$12,901,964$1,813,567$803,964$10,351,022
85$14,163,843$1,848,311$776,776$11,318,741
86$15,552,729$1,883,052$746,971$12,382,901
87$17,081,523$1,917,737$714,410$13,553,292
88$18,764,440$1,952,307$678,945$14,840,698
89$20,617,143$1,986,701$640,420$16,257,005
90$22,656,892$2,020,850$598,674$17,815,310
91$24,902,705$2,054,681$553,539$19,530,044
92$27,375,537$2,088,116$504,839$21,417,113
93$30,098,480$2,121,072$452,389$23,494,042
94$33,096,978$2,153,458$395,997$25,780,144
95$36,399,069$2,185,176$335,462$28,296,702
96$40,035,649$2,216,124$270,575$31,067,169
97$44,040,761$2,246,191$201,116$34,117,391
98$48,451,922$2,275,258$126,856$37,475,850
99$53,310,470$2,303,197$47,558$41,173,931
100$58,661,958$2,329,874$0$45,246,224