Can I retire at age 54 with 871,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%11%
1 years$71,926$71,286$70,661$70,051$69,455$69,162
2 years$35,607$34,944$34,301$33,678$33,074$32,778
3 years$23,502$22,836$22,195$21,578$20,983$20,694
4 years$17,451$16,787$16,152$15,546$14,965$14,685
5 years$13,821$13,161$12,535$11,941$11,377$11,105
6 years$11,402$10,747$10,130$9,549$9,002$8,740
7 years$9,675$9,025$8,418$7,851$7,321$7,069
8 years$8,380$7,736$7,139$6,586$6,073$5,832
9 years$7,374$6,736$6,149$5,610$5,115$4,883
10 years$6,569$5,937$5,361$4,836$4,358$4,136
11 years$5,911$5,286$4,720$4,208$3,748$3,536
12 years$5,363$4,744$4,189$3,691$3,248$3,045
13 years$4,900$4,287$3,742$3,259$2,832$2,639
14 years$4,503$3,897$3,362$2,893$2,483$2,298
15 years$4,159$3,560$3,036$2,580$2,186$2,010
16 years$3,859$3,266$2,752$2,310$1,932$1,765
17 years$3,594$3,008$2,505$2,076$1,713$1,554
18 years$3,359$2,780$2,286$1,870$1,523$1,372
19 years$3,149$2,576$2,093$1,690$1,358$1,215
20 years$2,960$2,394$1,921$1,531$1,213$1,077
21 years$2,790$2,230$1,767$1,389$1,085$957
22 years$2,635$2,081$1,628$1,263$973$852
23 years$2,494$1,947$1,504$1,150$873$759
24 years$2,364$1,824$1,391$1,049$785$677
25 years$2,246$1,712$1,288$958$706$604
26 years$2,136$1,609$1,194$876$636$540
27 years$2,035$1,514$1,109$802$574$483
28 years$1,941$1,427$1,031$735$518$433
29 years$1,854$1,346$960$674$467$388
30 years$1,773$1,271$894$618$422$348
31 years$1,697$1,202$833$568$382$312
32 years$1,626$1,137$777$522$345$280
33 years$1,560$1,077$726$480$313$251
34 years$1,497$1,020$678$442$283$225
35 years$1,439$968$634$407$256$202
36 years$1,383$919$593$374$232$182
37 years$1,331$873$555$345$210$164
38 years$1,282$829$520$318$191$147
39 years$1,235$788$487$293$173$132
40 years$1,191$750$457$270$157$119
41 years$1,149$714$428$249$142$107
42 years$1,109$680$402$230$129$96
43 years$1,071$648$377$213$117$87
44 years$1,035$618$354$196$106$78
45 years$1,000$589$332$181$97$70
46 years$968$562$312$167$88$63
47 years$936$536$293$155$80$57
48 years$906$512$275$143$72$51
49 years$878$489$259$132$66$46
50 years$850$467$243$122$60$41

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $871,000, adding $4,028 every year, while hoping to spend $43,120 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: 36/40/24 Blend
53$871,000$871,000$871,000$871,000
54$963,997$917,834$904,333$991,603
55$1,016,445$916,928$888,749$1,011,385
56$1,072,798$914,533$871,198$1,028,476
57$1,133,408$910,530$851,568$1,046,069
58$1,198,663$904,793$829,742$1,064,235
59$1,268,987$897,189$805,599$1,083,057
60$1,344,849$887,576$779,012$1,102,630
61$1,426,761$875,805$749,846$1,123,061
62$1,515,287$861,716$717,962$1,144,473
63$1,611,047$845,140$683,215$1,167,004
64$1,714,723$825,901$645,451$1,190,814
65$1,827,062$803,808$604,512$1,216,080
66$1,948,890$778,662$560,231$1,243,003
67$2,081,112$750,251$512,433$1,271,812
68$2,224,723$718,352$460,937$1,302,762
69$2,380,820$682,726$405,554$1,336,142
70$2,550,607$643,124$346,084$1,372,276
71$2,735,412$599,279$282,321$1,411,527
72$2,936,693$550,913$214,047$1,454,303
73$3,156,056$497,728$141,038$1,501,061
74$3,395,269$439,412$63,058$1,552,312
75$3,656,276$375,633$0$1,608,628
76$3,941,218$306,041$0$1,675,812
77$4,252,453$230,267$0$1,766,981
78$4,592,575$147,922$0$1,866,836
79$4,964,439$58,592$0$1,976,338
80$5,371,191$0$0$2,096,550
81$5,816,295$0$0$2,245,448
82$6,303,561$0$0$2,436,804
83$6,837,190$0$0$2,646,491
84$7,421,806$0$0$2,876,342
85$8,062,499$0$0$3,128,375
86$8,764,879$0$0$3,404,812
87$9,535,122$0$0$3,708,103
88$10,380,030$0$0$4,040,943
89$11,307,098$0$0$4,406,303
90$12,324,578$0$0$4,807,455
91$13,441,562$0$0$5,248,003
92$14,668,064$0$0$5,731,918
93$16,015,117$0$0$6,263,574
94$17,494,873$0$0$6,847,790
95$19,120,719$0$0$7,489,873
96$20,907,406$0$0$8,195,673
97$22,871,179$0$0$8,971,632
98$25,029,942$0$0$9,824,848
99$27,403,413$0$0$10,763,144
100$30,013,322$0$0$11,795,134