Can I retire at age 54 with 873,000?

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 $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%17.7%
1 years$72,092$71,449$70,823$70,211$69,614$67,440
2 years$35,689$35,024$34,380$33,755$33,150$30,978
3 years$23,556$22,889$22,246$21,627$21,031$18,931
4 years$17,491$16,826$16,190$15,581$15,000$12,987
5 years$13,853$13,191$12,564$11,968$11,403$9,483
6 years$11,428$10,772$10,153$9,571$9,023$7,197
7 years$9,697$9,046$8,437$7,869$7,338$5,606
8 years$8,399$7,754$7,156$6,601$6,087$4,449
9 years$7,390$6,751$6,163$5,623$5,126$3,579
10 years$6,584$5,951$5,373$4,847$4,368$2,910
11 years$5,924$5,298$4,730$4,218$3,757$2,385
12 years$5,375$4,755$4,198$3,700$3,255$1,967
13 years$4,911$4,297$3,751$3,266$2,839$1,631
14 years$4,513$3,906$3,370$2,900$2,488$1,358
15 years$4,169$3,568$3,043$2,586$2,191$1,134
16 years$3,868$3,274$2,759$2,315$1,936$950
17 years$3,602$3,015$2,510$2,080$1,717$798
18 years$3,367$2,786$2,292$1,875$1,527$671
19 years$3,156$2,582$2,098$1,694$1,361$565
20 years$2,967$2,399$1,925$1,534$1,215$477
21 years$2,796$2,235$1,771$1,392$1,088$403
22 years$2,641$2,086$1,632$1,266$975$340
23 years$2,499$1,951$1,507$1,153$875$288
24 years$2,370$1,828$1,394$1,052$787$244
25 years$2,251$1,716$1,291$960$708$207
26 years$2,141$1,612$1,197$878$638$175
27 years$2,040$1,517$1,112$804$575$148
28 years$1,946$1,430$1,033$736$519$126
29 years$1,858$1,349$962$675$468$107
30 years$1,777$1,274$896$620$423$91
31 years$1,701$1,204$835$569$383$77
32 years$1,630$1,140$779$523$346$65
33 years$1,563$1,079$728$481$313$55
34 years$1,501$1,023$680$443$284$47
35 years$1,442$970$636$407$257$40
36 years$1,387$921$595$375$233$34
37 years$1,334$875$556$346$211$29
38 years$1,285$831$521$319$191$24
39 years$1,238$790$488$294$173$21
40 years$1,194$752$458$271$157$18
41 years$1,151$716$429$250$143$15
42 years$1,111$682$403$231$129$13
43 years$1,073$649$378$213$118$11
44 years$1,037$619$355$197$107$9
45 years$1,003$590$333$182$97$8
46 years$970$563$313$168$88$7
47 years$938$537$294$155$80$6
48 years$908$513$276$143$73$5
49 years$880$490$259$132$66$4
50 years$852$468$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 $873,000, adding $5,757 every year, while hoping to spend $56,898 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: 80/13/7 Blend
53$873,000$873,000$873,000$873,000
54$967,984$921,715$908,184$1,044,236
55$1,006,180$906,340$878,069$1,079,637
56$1,046,364$888,305$845,038$1,110,387
57$1,088,680$867,419$808,934$1,142,410
58$1,133,283$843,480$769,591$1,175,805
59$1,180,343$816,276$726,838$1,210,679
60$1,230,044$785,580$680,493$1,247,152
61$1,282,588$751,152$630,369$1,285,354
62$1,338,195$712,741$576,268$1,325,432
63$1,397,103$670,078$517,986$1,367,546
64$1,459,577$622,881$455,308$1,411,873
65$1,525,902$570,850$388,008$1,458,608
66$1,596,391$513,669$315,854$1,507,969
67$1,671,388$451,005$238,601$1,560,194
68$1,751,269$382,502$155,992$1,615,548
69$1,836,442$307,789$67,762$1,674,324
70$1,927,360$226,472$0$1,736,844
71$2,024,515$138,133$0$1,805,437
72$2,128,448$42,333$0$1,884,056
73$2,239,750$0$0$1,968,093
74$2,359,073$0$0$2,066,838
75$2,487,129$0$0$2,179,325
76$2,624,701$0$0$2,300,188
77$2,772,648$0$0$2,430,185
78$2,931,912$0$0$2,570,146
79$3,103,530$0$0$2,720,983
80$3,288,638$0$0$2,883,699
81$3,488,486$0$0$3,059,395
82$3,704,448$0$0$3,249,282
83$3,938,033$0$0$3,454,688
84$4,190,898$0$0$3,677,076
85$4,464,869$0$0$3,918,054
86$4,761,948$0$0$4,179,387
87$5,084,343$0$0$4,463,019
88$5,434,477$0$0$4,771,088
89$5,815,018$0$0$5,105,944
90$6,228,900$0$0$5,470,175
91$6,679,351$0$0$5,866,624
92$7,169,925$0$0$6,298,424
93$7,704,529$0$0$6,769,020
94$8,287,466$0$0$7,282,204
95$8,923,470$0$0$7,842,148
96$9,617,754$0$0$8,453,448
97$10,376,053$0$0$9,121,159
98$11,204,683$0$0$9,850,849
99$12,110,597$0$0$10,648,646
100$13,101,450$0$0$11,521,298