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%19.3%
1 years$71,844$71,204$70,579$69,970$69,375$66,781
2 years$35,566$34,904$34,262$33,639$33,036$30,452
3 years$23,475$22,810$22,170$21,553$20,959$18,467
4 years$17,431$16,768$16,134$15,528$14,948$12,567
5 years$13,805$13,146$12,521$11,927$11,363$9,098
6 years$11,389$10,735$10,118$9,538$8,992$6,845
7 years$9,664$9,015$8,408$7,842$7,313$5,284
8 years$8,371$7,728$7,131$6,578$6,066$4,153
9 years$7,365$6,728$6,142$5,603$5,109$3,309
10 years$6,561$5,931$5,355$4,830$4,353$2,663
11 years$5,904$5,280$4,714$4,204$3,744$2,160
12 years$5,357$4,739$4,184$3,687$3,244$1,763
13 years$4,894$4,282$3,738$3,255$2,829$1,446
14 years$4,498$3,893$3,359$2,890$2,480$1,190
15 years$4,154$3,556$3,032$2,577$2,183$983
16 years$3,854$3,263$2,749$2,307$1,930$814
17 years$3,590$3,005$2,502$2,073$1,711$675
18 years$3,355$2,776$2,284$1,868$1,521$561
19 years$3,145$2,573$2,091$1,688$1,356$467
20 years$2,957$2,391$1,919$1,529$1,211$389
21 years$2,786$2,227$1,765$1,388$1,084$325
22 years$2,632$2,079$1,627$1,262$972$271
23 years$2,491$1,945$1,502$1,149$872$226
24 years$2,362$1,822$1,389$1,048$784$189
25 years$2,243$1,710$1,286$957$705$158
26 years$2,134$1,607$1,193$875$635$132
27 years$2,033$1,512$1,108$801$573$111
28 years$1,939$1,425$1,030$734$517$93
29 years$1,852$1,344$958$673$467$78
30 years$1,771$1,270$893$618$422$65
31 years$1,695$1,200$832$567$381$54
32 years$1,624$1,136$777$521$345$46
33 years$1,558$1,075$725$479$312$38
34 years$1,496$1,019$677$441$283$32
35 years$1,437$967$633$406$256$27
36 years$1,382$918$593$374$232$22
37 years$1,330$872$555$345$210$19
38 years$1,280$828$519$318$191$16
39 years$1,234$788$487$293$173$13
40 years$1,189$749$456$270$157$11
41 years$1,147$713$428$249$142$9
42 years$1,108$679$401$230$129$8
43 years$1,070$647$376$212$117$7
44 years$1,034$617$353$196$106$5
45 years$999$588$332$181$97$5
46 years$967$561$312$167$88$4
47 years$935$536$293$154$80$3
48 years$905$511$275$143$72$3
49 years$877$488$259$132$66$2
50 years$849$466$243$122$60$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $870,000, adding $2,099 every year, while hoping to spend $23,996 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: 34/40/26 Blend
53$870,000$870,000$870,000$870,000
54$960,905$914,795$901,310$985,935
55$1,033,386$934,089$905,972$1,024,185
56$1,112,455$953,523$909,987$1,063,095
57$1,198,761$973,080$913,306$1,104,582
58$1,293,013$992,740$915,881$1,148,891
59$1,395,997$1,012,481$917,659$1,196,294
60$1,508,574$1,032,278$918,586$1,247,088
61$1,631,695$1,052,106$918,605$1,301,603
62$1,766,406$1,071,937$917,657$1,360,204
63$1,913,858$1,091,741$915,677$1,423,291
64$2,075,319$1,111,484$912,600$1,491,310
65$2,252,187$1,131,132$908,357$1,564,750
66$2,445,998$1,150,645$902,875$1,644,151
67$2,658,447$1,169,984$896,078$1,730,110
68$2,891,398$1,189,103$887,886$1,823,287
69$3,146,907$1,207,955$878,217$1,924,409
70$3,427,236$1,226,490$866,982$2,034,280
71$3,734,879$1,244,652$854,090$2,153,784
72$4,072,580$1,262,383$839,445$2,283,902
73$4,443,363$1,279,621$822,947$2,425,713
74$4,850,561$1,296,297$804,491$2,580,409
75$5,297,844$1,312,341$783,967$2,749,305
76$5,789,254$1,327,676$761,260$2,933,853
77$6,329,245$1,342,219$736,249$3,135,656
78$6,922,724$1,355,884$708,810$3,356,482
79$7,575,097$1,368,577$678,810$3,598,281
80$8,292,319$1,380,199$646,112$3,863,206
81$9,080,951$1,390,645$610,572$4,153,634
82$9,948,223$1,399,801$572,041$4,472,185
83$10,902,098$1,407,547$530,360$4,821,750
84$11,951,351$1,413,757$485,367$5,205,521
85$13,105,652$1,418,293$436,890$5,627,016
86$14,375,652$1,421,013$384,749$6,090,119
87$15,773,088$1,421,763$328,758$6,599,112
88$17,310,894$1,420,380$268,722$7,158,721
89$19,003,317$1,416,691$204,436$7,774,157
90$20,866,059$1,410,512$135,689$8,451,169
91$22,916,420$1,401,650$62,257$9,196,097
92$25,173,461$1,389,897$0$10,015,935
93$27,658,186$1,375,034$0$10,922,865
94$30,393,740$1,356,830$0$11,939,646
95$33,405,625$1,335,038$0$13,058,441
96$36,721,941$1,309,397$0$14,289,667
97$40,373,653$1,279,631$0$15,644,811
98$44,394,881$1,245,449$0$17,136,533
99$48,823,223$1,206,540$0$18,778,790
100$53,700,107$1,162,576$0$20,586,966