Can I retire at age 54 with 871,000?

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 $871,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.6%
1 years$71,926$71,286$70,661$70,051$69,455$67,044
2 years$35,607$34,944$34,301$33,678$33,074$30,670
3 years$23,502$22,836$22,195$21,578$20,983$18,662
4 years$17,451$16,787$16,152$15,546$14,965$12,744
5 years$13,821$13,161$12,535$11,941$11,377$9,261
6 years$11,402$10,747$10,130$9,549$9,002$6,994
7 years$9,675$9,025$8,418$7,851$7,321$5,420
8 years$8,380$7,736$7,139$6,586$6,073$4,279
9 years$7,374$6,736$6,149$5,610$5,115$3,423
10 years$6,569$5,937$5,361$4,836$4,358$2,767
11 years$5,911$5,286$4,720$4,208$3,748$2,255
12 years$5,363$4,744$4,189$3,691$3,248$1,849
13 years$4,900$4,287$3,742$3,259$2,832$1,523
14 years$4,503$3,897$3,362$2,893$2,483$1,260
15 years$4,159$3,560$3,036$2,580$2,186$1,046
16 years$3,859$3,266$2,752$2,310$1,932$871
17 years$3,594$3,008$2,505$2,076$1,713$726
18 years$3,359$2,780$2,286$1,870$1,523$607
19 years$3,149$2,576$2,093$1,690$1,358$508
20 years$2,960$2,394$1,921$1,531$1,213$425
21 years$2,790$2,230$1,767$1,389$1,085$357
22 years$2,635$2,081$1,628$1,263$973$299
23 years$2,494$1,947$1,504$1,150$873$252
24 years$2,364$1,824$1,391$1,049$785$211
25 years$2,246$1,712$1,288$958$706$178
26 years$2,136$1,609$1,194$876$636$150
27 years$2,035$1,514$1,109$802$574$126
28 years$1,941$1,427$1,031$735$518$106
29 years$1,854$1,346$960$674$467$89
30 years$1,773$1,271$894$618$422$75
31 years$1,697$1,202$833$568$382$63
32 years$1,626$1,137$777$522$345$53
33 years$1,560$1,077$726$480$313$45
34 years$1,497$1,020$678$442$283$38
35 years$1,439$968$634$407$256$32
36 years$1,383$919$593$374$232$27
37 years$1,331$873$555$345$210$23
38 years$1,282$829$520$318$191$19
39 years$1,235$788$487$293$173$16
40 years$1,191$750$457$270$157$14
41 years$1,149$714$428$249$142$11
42 years$1,109$680$402$230$129$10
43 years$1,071$648$377$213$117$8
44 years$1,035$618$354$196$106$7
45 years$1,000$589$332$181$97$6
46 years$968$562$312$167$88$5
47 years$936$536$293$155$80$4
48 years$906$512$275$143$72$3
49 years$878$489$259$132$66$3
50 years$850$467$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 $871,000, adding $2,850 every year, while hoping to spend $40,520 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: 55/19/26 Blend
53$871,000$871,000$871,000$871,000
54$962,782$916,619$903,118$1,008,692
55$1,017,873$918,420$890,260$1,042,400
56$1,077,225$918,952$875,612$1,074,644
57$1,141,230$918,108$859,074$1,108,929
58$1,210,318$915,779$840,536$1,145,465
59$1,284,963$911,845$819,886$1,184,485
60$1,365,685$906,180$797,008$1,226,248
61$1,453,054$898,653$771,777$1,271,040
62$1,547,699$889,120$744,065$1,319,179
63$1,650,311$877,433$713,738$1,371,018
64$1,761,648$863,433$680,654$1,426,949
65$1,882,547$846,952$644,666$1,487,403
66$2,013,925$827,811$605,621$1,552,862
67$2,156,794$805,822$563,357$1,623,857
68$2,312,265$780,786$517,708$1,700,978
69$2,481,561$752,490$468,497$1,784,876
70$2,666,030$720,711$415,540$1,876,274
71$2,867,151$685,212$358,647$1,975,971
72$3,086,557$645,744$297,618$2,084,852
73$3,326,040$602,040$232,243$2,203,896
74$3,587,578$553,822$162,305$2,334,187
75$3,873,345$500,793$87,576$2,476,922
76$4,185,734$442,640$7,818$2,633,426
77$4,527,383$379,033$0$2,805,165
78$4,901,193$309,622$0$3,015,203
79$5,310,359$234,039$0$3,247,595
80$5,758,403$151,893$0$3,502,225
81$6,249,197$62,773$0$3,781,360
82$6,787,011$0$0$4,087,498
83$7,376,545$0$0$4,430,454
84$8,022,974$0$0$4,820,980
85$8,732,001$0$0$5,249,406
86$9,509,906$0$0$5,719,538
87$10,363,605$0$0$6,235,566
88$11,300,717$0$0$6,802,106
89$12,329,635$0$0$7,424,245
90$13,459,605$0$0$8,107,584
91$14,700,810$0$0$8,858,295
92$16,064,471$0$0$9,683,176
93$17,562,947$0$0$10,589,717
94$19,209,855$0$0$11,586,169
95$21,020,194$0$0$12,681,623
96$23,010,493$0$0$13,886,093
97$25,198,959$0$0$15,210,614
98$27,605,652$0$0$16,667,343
99$30,252,674$0$0$18,269,674
100$33,164,377$0$0$20,032,363