Can I retire at age 54 with 874,000?

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 $874,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.2%
1 years$72,174$71,531$70,904$70,292$69,694$67,114
2 years$35,730$35,064$34,419$33,794$33,188$30,618
3 years$23,583$22,915$22,272$21,652$21,056$18,577
4 years$17,511$16,845$16,208$15,599$15,017$12,648
5 years$13,869$13,207$12,578$11,982$11,416$9,162
6 years$11,441$10,784$10,165$9,582$9,033$6,896
7 years$9,708$9,057$8,447$7,878$7,346$5,326
8 years$8,409$7,763$7,164$6,608$6,094$4,190
9 years$7,399$6,759$6,170$5,629$5,132$3,340
10 years$6,591$5,958$5,379$4,852$4,373$2,690
11 years$5,931$5,304$4,736$4,223$3,761$2,183
12 years$5,381$4,761$4,203$3,704$3,259$1,783
13 years$4,916$4,302$3,755$3,270$2,842$1,463
14 years$4,518$3,911$3,374$2,903$2,491$1,205
15 years$4,174$3,572$3,046$2,589$2,194$996
16 years$3,872$3,278$2,762$2,318$1,939$825
17 years$3,607$3,019$2,513$2,083$1,719$685
18 years$3,371$2,789$2,294$1,877$1,528$570
19 years$3,160$2,585$2,100$1,696$1,362$475
20 years$2,970$2,402$1,927$1,536$1,217$396
21 years$2,799$2,238$1,773$1,394$1,089$331
22 years$2,644$2,089$1,634$1,268$976$276
23 years$2,502$1,953$1,509$1,154$876$231
24 years$2,372$1,830$1,395$1,053$788$193
25 years$2,253$1,718$1,292$962$709$162
26 years$2,144$1,614$1,199$879$638$135
27 years$2,042$1,519$1,113$805$576$113
28 years$1,948$1,432$1,035$737$519$95
29 years$1,861$1,351$963$676$469$80
30 years$1,779$1,275$897$620$424$67
31 years$1,703$1,206$836$570$383$56
32 years$1,632$1,141$780$524$346$47
33 years$1,565$1,080$728$482$314$39
34 years$1,503$1,024$681$443$284$33
35 years$1,444$971$636$408$257$28
36 years$1,388$922$595$376$233$23
37 years$1,336$876$557$346$211$19
38 years$1,286$832$522$319$191$16
39 years$1,239$791$489$294$174$14
40 years$1,195$753$458$271$157$11
41 years$1,153$717$430$250$143$10
42 years$1,113$682$403$231$130$8
43 years$1,075$650$378$213$118$7
44 years$1,038$620$355$197$107$6
45 years$1,004$591$333$182$97$5
46 years$971$564$313$168$88$4
47 years$940$538$294$155$80$3
48 years$910$514$276$143$73$3
49 years$881$490$260$133$66$2
50 years$853$469$244$123$60$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $874,000, adding $4,592 every year, while hoping to spend $38,027 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: 60/17/23 Blend
53$874,000$874,000$874,000$874,000
54$967,885$921,563$908,016$1,019,782
55$1,026,148$926,259$897,974$1,060,247
56$1,089,081$929,911$886,321$1,099,837
57$1,157,117$932,427$872,963$1,142,198
58$1,230,738$933,710$857,802$1,187,606
59$1,310,468$933,657$840,734$1,236,365
60$1,396,889$932,159$821,651$1,288,815
61$1,490,636$929,099$800,441$1,345,328
62$1,592,410$924,354$776,985$1,406,318
63$1,702,982$917,794$751,159$1,472,241
64$1,823,198$909,278$722,836$1,543,603
65$1,953,992$898,660$691,878$1,620,962
66$2,096,389$885,784$658,146$1,704,934
67$2,251,517$870,484$621,490$1,796,202
68$2,420,620$852,585$581,758$1,895,519
69$2,605,063$831,902$538,787$2,003,717
70$2,806,352$808,239$492,409$2,121,718
71$3,026,144$781,386$442,448$2,250,536
72$3,266,260$751,124$388,720$2,391,295
73$3,528,710$717,219$331,033$2,545,234
74$3,815,701$679,426$269,186$2,713,724
75$4,129,669$637,484$202,970$2,898,277
76$4,473,291$591,117$132,165$3,100,564
77$4,849,518$540,033$56,544$3,322,429
78$5,261,599$483,924$0$3,565,908
79$5,713,111$422,466$0$3,839,180
80$6,207,994$355,312$0$4,153,991
81$6,750,588$282,101$0$4,499,254
82$7,345,672$202,448$0$4,878,061
83$7,998,510$115,948$0$5,293,819
84$8,714,901$22,172$0$5,750,286
85$9,501,230$0$0$6,251,603
86$10,364,533$0$0$6,817,177
87$11,312,560$0$0$7,442,883
88$12,353,847$0$0$8,130,217
89$13,497,799$0$0$8,885,396
90$14,754,775$0$0$9,715,269
91$16,136,190$0$0$10,627,382
92$17,654,616$0$0$11,630,047
93$19,323,906$0$0$12,732,421
94$21,159,322$0$0$13,944,595
95$23,177,679$0$0$15,277,685
96$25,397,501$0$0$16,743,939
97$27,839,200$0$0$18,356,850
98$30,525,263$0$0$20,131,286
99$33,480,468$0$0$22,083,630
100$36,732,116$0$0$24,231,929