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%14.9%
1 years$71,844$71,204$70,579$69,970$69,375$67,974
2 years$35,566$34,904$34,262$33,639$33,036$31,631
3 years$23,475$22,810$22,170$21,553$20,959$19,594
4 years$17,431$16,768$16,134$15,528$14,948$13,633
5 years$13,805$13,146$12,521$11,927$11,363$10,102
6 years$11,389$10,735$10,118$9,538$8,992$7,785
7 years$9,664$9,015$8,408$7,842$7,313$6,161
8 years$8,371$7,728$7,131$6,578$6,066$4,970
9 years$7,365$6,728$6,142$5,603$5,109$4,067
10 years$6,561$5,931$5,355$4,830$4,353$3,364
11 years$5,904$5,280$4,714$4,204$3,744$2,807
12 years$5,357$4,739$4,184$3,687$3,244$2,358
13 years$4,894$4,282$3,738$3,255$2,829$1,992
14 years$4,498$3,893$3,359$2,890$2,480$1,691
15 years$4,154$3,556$3,032$2,577$2,183$1,440
16 years$3,854$3,263$2,749$2,307$1,930$1,231
17 years$3,590$3,005$2,502$2,073$1,711$1,055
18 years$3,355$2,776$2,284$1,868$1,521$906
19 years$3,145$2,573$2,091$1,688$1,356$779
20 years$2,957$2,391$1,919$1,529$1,211$671
21 years$2,786$2,227$1,765$1,388$1,084$579
22 years$2,632$2,079$1,627$1,262$972$501
23 years$2,491$1,945$1,502$1,149$872$433
24 years$2,362$1,822$1,389$1,048$784$375
25 years$2,243$1,710$1,286$957$705$325
26 years$2,134$1,607$1,193$875$635$281
27 years$2,033$1,512$1,108$801$573$244
28 years$1,939$1,425$1,030$734$517$212
29 years$1,852$1,344$958$673$467$184
30 years$1,771$1,270$893$618$422$159
31 years$1,695$1,200$832$567$381$139
32 years$1,624$1,136$777$521$345$120
33 years$1,558$1,075$725$479$312$105
34 years$1,496$1,019$677$441$283$91
35 years$1,437$967$633$406$256$79
36 years$1,382$918$593$374$232$69
37 years$1,330$872$555$345$210$60
38 years$1,280$828$519$318$191$52
39 years$1,234$788$487$293$173$45
40 years$1,189$749$456$270$157$39
41 years$1,147$713$428$249$142$34
42 years$1,108$679$401$230$129$30
43 years$1,070$647$376$212$117$26
44 years$1,034$617$353$196$106$23
45 years$999$588$332$181$97$20
46 years$967$561$312$167$88$17
47 years$935$536$293$154$80$15
48 years$905$511$275$143$72$13
49 years$877$488$259$132$66$11
50 years$849$466$243$122$60$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $870,000, adding $4,429 every year, while hoping to spend $30,310 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: 21/50/29 Blend
53$870,000$870,000$870,000$870,000
54$963,309$917,199$903,714$974,602
55$1,029,316$929,892$901,738$997,991
56$1,101,041$942,191$898,681$1,020,181
57$1,179,034$954,045$894,474$1,043,245
58$1,263,901$965,399$889,044$1,067,273
59$1,356,310$976,194$882,318$1,092,366
60$1,456,995$986,369$874,217$1,118,639
61$1,566,763$995,855$864,657$1,146,218
62$1,686,503$1,004,583$853,554$1,175,247
63$1,817,196$1,012,477$840,817$1,205,884
64$1,959,916$1,019,455$826,351$1,238,310
65$2,115,852$1,025,432$810,058$1,272,723
66$2,286,307$1,030,317$791,834$1,309,346
67$2,472,720$1,034,012$771,570$1,348,430
68$2,676,674$1,036,414$749,153$1,390,253
69$2,899,910$1,037,414$724,466$1,435,124
70$3,144,348$1,036,895$697,383$1,483,389
71$3,412,101$1,034,733$667,775$1,535,435
72$3,705,497$1,030,796$635,506$1,591,689
73$4,027,098$1,024,945$600,436$1,652,630
74$4,379,726$1,017,032$562,415$1,718,788
75$4,766,492$1,006,900$521,289$1,790,755
76$5,190,818$994,382$476,897$1,869,187
77$5,656,478$979,303$429,069$1,954,815
78$6,167,625$961,475$377,629$2,048,448
79$6,728,836$940,701$322,393$2,150,988
80$7,345,152$916,770$263,168$2,263,432
81$8,022,126$889,460$199,753$2,386,890
82$8,765,876$858,537$131,938$2,522,591
83$9,583,142$823,752$59,505$2,671,899
84$10,481,349$784,842$0$2,836,326
85$11,468,675$741,528$0$3,023,053
86$12,554,133$693,515$0$3,248,439
87$13,747,650$640,493$0$3,496,184
88$15,060,166$582,133$0$3,768,647
89$16,503,731$518,086$0$4,068,434
90$18,091,624$447,984$0$4,398,425
91$19,838,474$371,440$0$4,761,799
92$21,760,400$288,042$0$5,162,072
93$23,875,162$197,358$0$5,603,125
94$26,202,329$98,929$0$6,089,246
95$28,763,461$0$0$6,625,170
96$31,582,317$0$0$7,220,380
97$34,685,073$0$0$7,935,635
98$38,100,573$0$0$8,723,178
99$41,860,599$0$0$9,590,360
100$46,000,172$0$0$10,545,284