Can I retire at age 54 with 874,000?

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 $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%18.1%
1 years$72,174$71,531$70,904$70,292$69,694$67,409
2 years$35,730$35,064$34,419$33,794$33,188$30,907
3 years$23,583$22,915$22,272$21,652$21,056$18,852
4 years$17,511$16,845$16,208$15,599$15,017$12,906
5 years$13,869$13,207$12,578$11,982$11,416$9,404
6 years$11,441$10,784$10,165$9,582$9,033$7,121
7 years$9,708$9,057$8,447$7,878$7,346$5,535
8 years$8,409$7,763$7,164$6,608$6,094$4,382
9 years$7,399$6,759$6,170$5,629$5,132$3,517
10 years$6,591$5,958$5,379$4,852$4,373$2,852
11 years$5,931$5,304$4,736$4,223$3,761$2,331
12 years$5,381$4,761$4,203$3,704$3,259$1,918
13 years$4,916$4,302$3,755$3,270$2,842$1,586
14 years$4,518$3,911$3,374$2,903$2,491$1,316
15 years$4,174$3,572$3,046$2,589$2,194$1,097
16 years$3,872$3,278$2,762$2,318$1,939$916
17 years$3,607$3,019$2,513$2,083$1,719$767
18 years$3,371$2,789$2,294$1,877$1,528$643
19 years$3,160$2,585$2,100$1,696$1,362$540
20 years$2,970$2,402$1,927$1,536$1,217$454
21 years$2,799$2,238$1,773$1,394$1,089$382
22 years$2,644$2,089$1,634$1,268$976$322
23 years$2,502$1,953$1,509$1,154$876$272
24 years$2,372$1,830$1,395$1,053$788$229
25 years$2,253$1,718$1,292$962$709$194
26 years$2,144$1,614$1,199$879$638$164
27 years$2,042$1,519$1,113$805$576$138
28 years$1,948$1,432$1,035$737$519$117
29 years$1,861$1,351$963$676$469$99
30 years$1,779$1,275$897$620$424$84
31 years$1,703$1,206$836$570$383$71
32 years$1,632$1,141$780$524$346$60
33 years$1,565$1,080$728$482$314$51
34 years$1,503$1,024$681$443$284$43
35 years$1,444$971$636$408$257$36
36 years$1,388$922$595$376$233$31
37 years$1,336$876$557$346$211$26
38 years$1,286$832$522$319$191$22
39 years$1,239$791$489$294$174$19
40 years$1,195$753$458$271$157$16
41 years$1,153$717$430$250$143$13
42 years$1,113$682$403$231$130$11
43 years$1,075$650$378$213$118$10
44 years$1,038$620$355$197$107$8
45 years$1,004$591$333$182$97$7
46 years$971$564$313$168$88$6
47 years$940$538$294$155$80$5
48 years$910$514$276$143$73$4
49 years$881$490$260$133$66$4
50 years$853$469$244$123$60$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $874,000, adding $3,578 every year, while hoping to spend $26,077 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: 70/20/10 Blend
53$874,000$874,000$874,000$874,000
54$966,839$920,517$906,970$1,032,367
55$1,037,711$937,876$909,607$1,093,610
56$1,114,937$955,213$911,460$1,157,085
57$1,199,140$972,497$912,472$1,225,846
58$1,291,001$989,698$912,589$1,300,407
59$1,391,272$1,006,783$911,750$1,381,336
60$1,500,782$1,023,715$909,894$1,469,256
61$1,620,442$1,040,457$906,955$1,564,856
62$1,751,254$1,056,966$902,865$1,668,894
63$1,894,323$1,073,198$897,552$1,782,206
64$2,050,864$1,089,106$890,941$1,905,711
65$2,222,218$1,104,638$882,953$2,040,424
66$2,409,858$1,119,739$873,505$2,187,462
67$2,615,408$1,134,350$862,512$2,348,057
68$2,840,656$1,148,410$849,883$2,523,564
69$3,087,571$1,161,850$835,522$2,715,481
70$3,358,322$1,174,600$819,331$2,925,454
71$3,655,299$1,186,583$801,206$3,155,300
72$3,981,131$1,197,717$781,038$3,407,020
73$4,338,717$1,207,916$758,714$3,682,820
74$4,731,250$1,217,088$734,115$3,985,131
75$5,162,246$1,225,133$707,116$4,316,632
76$5,635,578$1,231,948$677,587$4,680,276
77$6,155,514$1,237,420$645,393$5,079,317
78$6,726,754$1,241,431$610,392$5,517,341
79$7,354,476$1,243,855$572,434$5,998,303
80$8,044,387$1,244,558$531,364$6,526,559
81$8,802,771$1,243,398$487,021$7,106,911
82$9,636,553$1,240,224$439,236$7,744,650
83$10,553,361$1,234,874$387,830$8,445,612
84$11,561,601$1,227,180$332,619$9,216,224
85$12,670,532$1,216,961$273,410$10,063,572
86$13,890,359$1,204,024$210,002$10,995,467
87$15,232,323$1,188,168$142,184$12,020,515
88$16,708,808$1,169,177$69,736$13,148,203
89$18,333,463$1,146,823$0$14,388,988
90$20,121,324$1,120,865$0$15,755,202
91$22,088,959$1,091,048$0$17,266,732
92$24,254,624$1,057,100$0$18,930,153
93$26,638,433$1,018,735$0$20,760,922
94$29,262,550$975,650$0$22,776,074
95$32,151,398$927,524$0$24,994,379
96$35,331,886$874,019$0$27,436,526
97$38,833,667$814,774$0$30,125,311
98$42,689,414$749,412$0$33,085,861
99$46,935,132$677,530$0$36,345,864
100$51,610,491$598,705$0$39,935,835