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%12.2%
1 years$71,926$71,286$70,661$70,051$69,455$68,815
2 years$35,607$34,944$34,301$33,678$33,074$32,429
3 years$23,502$22,836$22,195$21,578$20,983$20,354
4 years$17,451$16,787$16,152$15,546$14,965$14,356
5 years$13,821$13,161$12,535$11,941$11,377$10,789
6 years$11,402$10,747$10,130$9,549$9,002$8,437
7 years$9,675$9,025$8,418$7,851$7,321$6,779
8 years$8,380$7,736$7,139$6,586$6,073$5,554
9 years$7,374$6,736$6,149$5,610$5,115$4,618
10 years$6,569$5,937$5,361$4,836$4,358$3,884
11 years$5,911$5,286$4,720$4,208$3,748$3,296
12 years$5,363$4,744$4,189$3,691$3,248$2,817
13 years$4,900$4,287$3,742$3,259$2,832$2,422
14 years$4,503$3,897$3,362$2,893$2,483$2,093
15 years$4,159$3,560$3,036$2,580$2,186$1,816
16 years$3,859$3,266$2,752$2,310$1,932$1,582
17 years$3,594$3,008$2,505$2,076$1,713$1,381
18 years$3,359$2,780$2,286$1,870$1,523$1,210
19 years$3,149$2,576$2,093$1,690$1,358$1,061
20 years$2,960$2,394$1,921$1,531$1,213$933
21 years$2,790$2,230$1,767$1,389$1,085$822
22 years$2,635$2,081$1,628$1,263$973$725
23 years$2,494$1,947$1,504$1,150$873$640
24 years$2,364$1,824$1,391$1,049$785$566
25 years$2,246$1,712$1,288$958$706$500
26 years$2,136$1,609$1,194$876$636$443
27 years$2,035$1,514$1,109$802$574$393
28 years$1,941$1,427$1,031$735$518$348
29 years$1,854$1,346$960$674$467$309
30 years$1,773$1,271$894$618$422$274
31 years$1,697$1,202$833$568$382$244
32 years$1,626$1,137$777$522$345$216
33 years$1,560$1,077$726$480$313$192
34 years$1,497$1,020$678$442$283$171
35 years$1,439$968$634$407$256$152
36 years$1,383$919$593$374$232$135
37 years$1,331$873$555$345$210$120
38 years$1,282$829$520$318$191$107
39 years$1,235$788$487$293$173$95
40 years$1,191$750$457$270$157$85
41 years$1,149$714$428$249$142$76
42 years$1,109$680$402$230$129$67
43 years$1,071$648$377$213$117$60
44 years$1,035$618$354$196$106$53
45 years$1,000$589$332$181$97$48
46 years$968$562$312$167$88$42
47 years$936$536$293$155$80$38
48 years$906$512$275$143$72$34
49 years$878$489$259$132$66$30
50 years$850$467$243$122$60$27

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $871,000, adding $6,548 every year, while hoping to spend $27,801 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: 57/16/27 Blend
53$871,000$871,000$871,000$871,000
54$966,596$920,433$906,933$1,014,212
55$1,035,609$935,954$907,735$1,063,116
56$1,110,729$951,304$907,632$1,112,920
57$1,192,551$966,445$906,565$1,166,631
58$1,281,727$981,337$904,471$1,224,635
59$1,378,976$995,935$901,283$1,287,359
60$1,485,089$1,010,194$896,935$1,355,272
61$1,600,939$1,024,064$891,352$1,428,893
62$1,727,482$1,037,491$884,460$1,508,795
63$1,865,776$1,050,418$876,180$1,595,608
64$2,016,981$1,062,785$866,428$1,690,030
65$2,182,377$1,074,525$855,117$1,792,829
66$2,363,373$1,085,570$842,157$1,904,852
67$2,561,520$1,095,846$827,452$2,027,036
68$2,778,526$1,105,274$810,903$2,160,412
69$3,016,272$1,113,769$792,405$2,306,119
70$3,276,830$1,121,242$771,849$2,465,412
71$3,562,481$1,127,597$749,120$2,639,676
72$3,875,738$1,132,734$724,100$2,830,441
73$4,219,369$1,136,543$696,662$3,039,390
74$4,596,422$1,138,911$666,678$3,268,385
75$5,010,254$1,139,715$634,009$3,519,474
76$5,464,565$1,138,825$598,513$3,794,921
77$5,963,428$1,136,105$560,041$4,097,219
78$6,511,332$1,131,409$518,436$4,429,120
79$7,113,221$1,124,580$473,536$4,793,657
80$7,774,540$1,115,456$425,171$5,194,178
81$8,501,291$1,103,861$373,162$5,634,373
82$9,300,084$1,089,612$317,324$6,118,310
83$10,178,201$1,072,511$257,463$6,650,478
84$11,143,666$1,052,352$193,376$7,235,825
85$12,205,317$1,028,915$124,851$7,879,807
86$13,372,894$1,001,966$51,669$8,588,442
87$14,657,127$971,261$0$9,368,364
88$16,069,838$936,537$0$10,234,503
89$17,624,053$897,518$0$11,203,689
90$19,334,123$853,913$0$12,269,988
91$21,215,861$805,412$0$13,443,280
92$23,286,691$751,690$0$14,734,453
93$25,565,810$692,399$0$16,155,509
94$28,074,371$627,175$0$17,719,672
95$30,835,682$555,632$0$19,441,517
96$33,875,426$477,361$0$21,337,107
97$37,221,900$391,933$0$23,424,145
98$40,906,286$298,890$0$25,722,140
99$44,962,944$197,753$0$28,252,593
100$49,429,734$88,012$0$31,039,199