Can I retire at age 54 with 872,000?

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 $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%17.4%
1 years$72,009$71,368$70,742$70,131$69,535$67,444
2 years$35,648$34,984$34,341$33,717$33,112$31,023
3 years$23,529$22,862$22,221$21,603$21,007$18,986
4 years$17,471$16,806$16,171$15,564$14,983$13,044
5 years$13,837$13,176$12,549$11,954$11,390$9,539
6 years$11,415$10,760$10,142$9,560$9,012$7,252
7 years$9,686$9,036$8,428$7,860$7,329$5,659
8 years$8,390$7,745$7,147$6,593$6,080$4,499
9 years$7,382$6,744$6,156$5,616$5,121$3,626
10 years$6,576$5,944$5,367$4,841$4,363$2,953
11 years$5,918$5,292$4,725$4,213$3,752$2,425
12 years$5,369$4,750$4,193$3,696$3,252$2,004
13 years$4,905$4,292$3,746$3,263$2,836$1,665
14 years$4,508$3,902$3,366$2,896$2,486$1,389
15 years$4,164$3,564$3,039$2,583$2,189$1,163
16 years$3,863$3,270$2,756$2,313$1,934$976
17 years$3,598$3,012$2,507$2,078$1,715$821
18 years$3,363$2,783$2,289$1,873$1,525$692
19 years$3,153$2,579$2,095$1,692$1,359$585
20 years$2,964$2,397$1,923$1,533$1,214$494
21 years$2,793$2,232$1,769$1,391$1,086$418
22 years$2,638$2,084$1,630$1,265$974$355
23 years$2,496$1,949$1,505$1,152$874$301
24 years$2,367$1,826$1,392$1,050$786$255
25 years$2,248$1,714$1,289$959$707$217
26 years$2,139$1,611$1,196$877$637$184
27 years$2,037$1,516$1,110$803$574$156
28 years$1,943$1,428$1,032$736$518$133
29 years$1,856$1,347$961$675$468$113
30 years$1,775$1,272$895$619$423$96
31 years$1,699$1,203$834$569$382$82
32 years$1,628$1,138$778$523$346$70
33 years$1,562$1,078$727$481$313$59
34 years$1,499$1,022$679$442$283$50
35 years$1,440$969$635$407$257$43
36 years$1,385$920$594$375$232$37
37 years$1,333$874$556$345$211$31
38 years$1,283$830$521$318$191$26
39 years$1,236$789$488$294$173$23
40 years$1,192$751$457$271$157$19
41 years$1,150$715$429$250$143$16
42 years$1,110$681$402$231$129$14
43 years$1,072$649$377$213$117$12
44 years$1,036$618$354$196$107$10
45 years$1,002$590$333$181$97$9
46 years$969$563$312$168$88$7
47 years$937$537$293$155$80$6
48 years$907$512$276$143$72$5
49 years$879$489$259$132$66$5
50 years$851$467$244$122$60$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $872,000, adding $5,269 every year, while hoping to spend $46,295 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: 72/14/14 Blend
53$872,000$872,000$872,000$872,000
54$966,379$920,163$906,647$1,032,620
55$1,015,692$915,993$887,762$1,073,050
56$1,068,484$910,068$866,693$1,111,150
57$1,125,059$902,252$843,318$1,151,646
58$1,185,755$892,402$817,508$1,194,763
59$1,250,938$880,366$789,131$1,240,754
60$1,321,014$865,984$758,047$1,289,894
61$1,396,426$849,085$724,110$1,342,491
62$1,477,660$829,489$687,167$1,398,881
63$1,565,253$807,006$647,058$1,459,439
64$1,659,792$781,432$603,618$1,524,578
65$1,761,922$752,554$556,670$1,594,753
66$1,872,354$720,145$506,035$1,670,467
67$1,991,867$683,965$451,520$1,752,279
68$2,121,320$643,761$392,928$1,840,801
69$2,261,655$599,266$330,051$1,936,713
70$2,413,908$550,195$262,673$2,040,765
71$2,579,221$496,248$190,567$2,153,785
72$2,758,847$437,110$113,496$2,276,688
73$2,954,166$372,445$31,215$2,410,484
74$3,166,696$301,900$0$2,556,287
75$3,398,107$225,101$0$2,723,784
76$3,650,237$141,654$0$2,911,407
77$3,925,108$51,142$0$3,116,031
78$4,224,946$0$0$3,339,356
79$4,552,201$0$0$3,590,481
80$4,909,570$0$0$3,873,357
81$5,300,022$0$0$4,182,461
82$5,726,824$0$0$4,520,385
83$6,193,576$0$0$4,889,984
84$6,704,238$0$0$5,294,400
85$7,263,174$0$0$5,737,094
86$7,875,188$0$0$6,221,878
87$8,545,568$0$0$6,752,946
88$9,280,141$0$0$7,334,921
89$10,085,323$0$0$7,972,893
90$10,968,180$0$0$8,672,467
91$11,936,494$0$0$9,439,817
92$12,998,837$0$0$10,281,743
93$14,164,650$0$0$11,205,737
94$15,444,335$0$0$12,220,048
95$16,849,346$0$0$13,333,766
96$18,392,304$0$0$14,556,902
97$20,087,110$0$0$15,900,486
98$21,949,078$0$0$17,376,667
99$23,995,079$0$0$18,998,829
100$26,243,698$0$0$20,781,720