Can I retire at age 54 with 872,000?

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 $872,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.5%
1 years$72,009$71,368$70,742$70,131$69,535$67,148
2 years$35,648$34,984$34,341$33,717$33,112$30,731
3 years$23,529$22,862$22,221$21,603$21,007$18,708
4 years$17,471$16,806$16,171$15,564$14,983$12,782
5 years$13,837$13,176$12,549$11,954$11,390$9,294
6 years$11,415$10,760$10,142$9,560$9,012$7,023
7 years$9,686$9,036$8,428$7,860$7,329$5,446
8 years$8,390$7,745$7,147$6,593$6,080$4,301
9 years$7,382$6,744$6,156$5,616$5,121$3,443
10 years$6,576$5,944$5,367$4,841$4,363$2,785
11 years$5,918$5,292$4,725$4,213$3,752$2,271
12 years$5,369$4,750$4,193$3,696$3,252$1,863
13 years$4,905$4,292$3,746$3,263$2,836$1,536
14 years$4,508$3,902$3,366$2,896$2,486$1,272
15 years$4,164$3,564$3,039$2,583$2,189$1,057
16 years$3,863$3,270$2,756$2,313$1,934$880
17 years$3,598$3,012$2,507$2,078$1,715$734
18 years$3,363$2,783$2,289$1,873$1,525$614
19 years$3,153$2,579$2,095$1,692$1,359$514
20 years$2,964$2,397$1,923$1,533$1,214$431
21 years$2,793$2,232$1,769$1,391$1,086$362
22 years$2,638$2,084$1,630$1,265$974$304
23 years$2,496$1,949$1,505$1,152$874$256
24 years$2,367$1,826$1,392$1,050$786$215
25 years$2,248$1,714$1,289$959$707$181
26 years$2,139$1,611$1,196$877$637$152
27 years$2,037$1,516$1,110$803$574$128
28 years$1,943$1,428$1,032$736$518$108
29 years$1,856$1,347$961$675$468$91
30 years$1,775$1,272$895$619$423$77
31 years$1,699$1,203$834$569$382$65
32 years$1,628$1,138$778$523$346$55
33 years$1,562$1,078$727$481$313$46
34 years$1,499$1,022$679$442$283$39
35 years$1,440$969$635$407$257$33
36 years$1,385$920$594$375$232$28
37 years$1,333$874$556$345$211$23
38 years$1,283$830$521$318$191$20
39 years$1,236$789$488$294$173$17
40 years$1,192$751$457$271$157$14
41 years$1,150$715$429$250$143$12
42 years$1,110$681$402$231$129$10
43 years$1,072$649$377$213$117$8
44 years$1,036$618$354$196$107$7
45 years$1,002$590$333$181$97$6
46 years$969$563$312$168$88$5
47 years$937$537$293$155$80$4
48 years$907$512$276$143$72$4
49 years$879$489$259$132$66$3
50 years$851$467$244$122$60$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $872,000, adding $6,367 every year, while hoping to spend $36,149 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: 34/48/18 Blend
53$872,000$872,000$872,000$872,000
54$967,512$921,296$907,780$994,850
55$1,027,735$927,977$899,728$1,022,174
56$1,092,891$933,774$890,195$1,047,809
57$1,163,442$938,605$879,093$1,074,691
58$1,239,900$942,384$866,330$1,102,950
59$1,322,828$945,019$851,810$1,132,732
60$1,412,842$946,411$835,431$1,164,201
61$1,510,624$946,456$817,090$1,197,539
62$1,616,919$945,044$796,674$1,232,951
63$1,732,552$942,058$774,069$1,270,664
64$1,858,426$937,373$749,154$1,310,932
65$1,995,537$930,856$721,803$1,354,039
66$2,144,982$922,369$691,884$1,400,299
67$2,307,967$911,761$659,258$1,450,065
68$2,485,817$898,875$623,781$1,503,727
69$2,679,996$883,545$585,303$1,561,721
70$2,892,110$865,593$543,665$1,624,531
71$3,123,930$844,833$498,703$1,692,696
72$3,377,407$821,065$450,245$1,766,814
73$3,654,685$794,080$398,111$1,847,550
74$3,958,128$763,655$342,113$1,935,644
75$4,290,339$729,555$282,056$2,031,914
76$4,654,182$691,532$217,733$2,137,272
77$5,052,813$649,322$148,932$2,252,728
78$5,489,708$602,646$75,429$2,379,402
79$5,968,693$551,211$0$2,518,536
80$6,493,984$494,705$0$2,672,088
81$7,070,225$432,800$0$2,856,503
82$7,702,528$365,148$0$3,059,019
83$8,396,527$291,381$0$3,281,563
84$9,158,427$211,113$0$3,526,264
85$9,995,063$123,934$0$3,795,475
86$10,913,963$29,410$0$4,091,800
87$11,923,423$0$0$4,418,116
88$13,032,578$0$0$4,816,116
89$14,251,496$0$0$5,270,712
90$15,591,266$0$0$5,770,523
91$17,064,105$0$0$6,320,123
92$18,683,474$0$0$6,924,554
93$20,464,201$0$0$7,589,370
94$22,422,625$0$0$8,320,690
95$24,576,748$0$0$9,125,257
96$26,946,401$0$0$10,010,500
97$29,553,439$0$0$10,984,603
98$32,421,937$0$0$12,056,584
99$35,578,425$0$0$13,236,382
100$39,052,131$0$0$14,534,945