Can I retire at age 54 with 873,000?

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 $873,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.9%
1 years$72,092$71,449$70,823$70,211$69,614$69,060
2 years$35,689$35,024$34,380$33,755$33,150$32,591
3 years$23,556$22,889$22,246$21,627$21,031$20,485
4 years$17,491$16,826$16,190$15,581$15,000$14,471
5 years$13,853$13,191$12,564$11,968$11,403$10,892
6 years$11,428$10,772$10,153$9,571$9,023$8,531
7 years$9,697$9,046$8,437$7,869$7,338$6,866
8 years$8,399$7,754$7,156$6,601$6,087$5,635
9 years$7,390$6,751$6,163$5,623$5,126$4,694
10 years$6,584$5,951$5,373$4,847$4,368$3,954
11 years$5,924$5,298$4,730$4,218$3,757$3,362
12 years$5,375$4,755$4,198$3,700$3,255$2,879
13 years$4,911$4,297$3,751$3,266$2,839$2,480
14 years$4,513$3,906$3,370$2,900$2,488$2,148
15 years$4,169$3,568$3,043$2,586$2,191$1,867
16 years$3,868$3,274$2,759$2,315$1,936$1,629
17 years$3,602$3,015$2,510$2,080$1,717$1,426
18 years$3,367$2,786$2,292$1,875$1,527$1,251
19 years$3,156$2,582$2,098$1,694$1,361$1,100
20 years$2,967$2,399$1,925$1,534$1,215$970
21 years$2,796$2,235$1,771$1,392$1,088$856
22 years$2,641$2,086$1,632$1,266$975$756
23 years$2,499$1,951$1,507$1,153$875$669
24 years$2,370$1,828$1,394$1,052$787$593
25 years$2,251$1,716$1,291$960$708$526
26 years$2,141$1,612$1,197$878$638$467
27 years$2,040$1,517$1,112$804$575$415
28 years$1,946$1,430$1,033$736$519$369
29 years$1,858$1,349$962$675$468$328
30 years$1,777$1,274$896$620$423$292
31 years$1,701$1,204$835$569$383$260
32 years$1,630$1,140$779$523$346$231
33 years$1,563$1,079$728$481$313$206
34 years$1,501$1,023$680$443$284$184
35 years$1,442$970$636$407$257$164
36 years$1,387$921$595$375$233$146
37 years$1,334$875$556$346$211$130
38 years$1,285$831$521$319$191$116
39 years$1,238$790$488$294$173$104
40 years$1,194$752$458$271$157$93
41 years$1,151$716$429$250$143$83
42 years$1,111$682$403$231$129$74
43 years$1,073$649$378$213$118$66
44 years$1,037$619$355$197$107$59
45 years$1,003$590$333$182$97$53
46 years$970$563$313$168$88$47
47 years$938$537$294$155$80$42
48 years$908$513$276$143$73$37
49 years$880$490$259$132$66$33
50 years$852$468$244$122$60$30

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $873,000, adding $4,992 every year, while hoping to spend $50,816 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: 52/34/14 Blend
53$873,000$873,000$873,000$873,000
54$967,195$920,926$907,395$1,013,607
55$1,011,781$911,984$883,725$1,036,948
56$1,059,212$900,900$857,558$1,056,515
57$1,109,724$887,516$828,759$1,076,650
58$1,163,576$871,665$797,182$1,097,422
59$1,221,052$853,167$762,679$1,118,907
60$1,282,462$831,835$725,092$1,141,194
61$1,348,147$807,469$684,256$1,164,384
62$1,418,480$779,858$640,001$1,188,589
63$1,493,872$748,777$592,148$1,213,940
64$1,574,770$713,991$540,508$1,240,582
65$1,661,669$675,249$484,888$1,268,680
66$1,755,109$632,286$425,081$1,298,421
67$1,855,684$584,822$360,876$1,330,015
68$1,964,047$532,561$292,048$1,363,697
69$2,080,915$475,191$218,366$1,399,733
70$2,207,073$412,381$139,586$1,438,422
71$2,343,387$343,780$55,456$1,480,098
72$2,490,809$269,021$0$1,525,135
73$2,650,381$187,714$0$1,579,082
74$2,823,254$99,445$0$1,646,454
75$3,010,689$3,782$0$1,719,527
76$3,214,076$0$0$1,798,932
77$3,434,942$0$0$1,922,687
78$3,674,967$0$0$2,058,792
79$3,935,998$0$0$2,206,890
80$4,220,069$0$0$2,368,143
81$4,529,418$0$0$2,543,833
82$4,866,505$0$0$2,735,369
83$5,234,041$0$0$2,944,302
84$5,635,006$0$0$3,172,338
85$6,072,684$0$0$3,421,357
86$6,550,686$0$0$3,693,428
87$7,072,990$0$0$3,990,827
88$7,643,974$0$0$4,316,062
89$8,268,459$0$0$4,671,893
90$8,951,752$0$0$5,061,361
91$9,699,699$0$0$5,487,811
92$10,518,735$0$0$5,954,930
93$11,415,947$0$0$6,466,777
94$12,399,139$0$0$7,027,823
95$13,476,909$0$0$7,642,991
96$14,658,722$0$0$8,317,703
97$15,955,007$0$0$9,057,932
98$17,377,246$0$0$9,870,257
99$18,938,092$0$0$10,761,925
100$20,651,477$0$0$11,740,917