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%11.2%
1 years$72,174$71,531$70,904$70,292$69,694$69,342
2 years$35,730$35,064$34,419$33,794$33,188$32,832
3 years$23,583$22,915$22,272$21,652$21,056$20,708
4 years$17,511$16,845$16,208$15,599$15,017$14,680
5 years$13,869$13,207$12,578$11,982$11,416$11,090
6 years$11,441$10,784$10,165$9,582$9,033$8,719
7 years$9,708$9,057$8,447$7,878$7,346$7,044
8 years$8,409$7,763$7,164$6,608$6,094$5,805
9 years$7,399$6,759$6,170$5,629$5,132$4,854
10 years$6,591$5,958$5,379$4,852$4,373$4,107
11 years$5,931$5,304$4,736$4,223$3,761$3,507
12 years$5,381$4,761$4,203$3,704$3,259$3,016
13 years$4,916$4,302$3,755$3,270$2,842$2,610
14 years$4,518$3,911$3,374$2,903$2,491$2,271
15 years$4,174$3,572$3,046$2,589$2,194$1,983
16 years$3,872$3,278$2,762$2,318$1,939$1,739
17 years$3,607$3,019$2,513$2,083$1,719$1,529
18 years$3,371$2,789$2,294$1,877$1,528$1,349
19 years$3,160$2,585$2,100$1,696$1,362$1,192
20 years$2,970$2,402$1,927$1,536$1,217$1,056
21 years$2,799$2,238$1,773$1,394$1,089$936
22 years$2,644$2,089$1,634$1,268$976$832
23 years$2,502$1,953$1,509$1,154$876$740
24 years$2,372$1,830$1,395$1,053$788$659
25 years$2,253$1,718$1,292$962$709$588
26 years$2,144$1,614$1,199$879$638$525
27 years$2,042$1,519$1,113$805$576$469
28 years$1,948$1,432$1,035$737$519$419
29 years$1,861$1,351$963$676$469$375
30 years$1,779$1,275$897$620$424$335
31 years$1,703$1,206$836$570$383$300
32 years$1,632$1,141$780$524$346$269
33 years$1,565$1,080$728$482$314$241
34 years$1,503$1,024$681$443$284$216
35 years$1,444$971$636$408$257$194
36 years$1,388$922$595$376$233$174
37 years$1,336$876$557$346$211$156
38 years$1,286$832$522$319$191$140
39 years$1,239$791$489$294$174$126
40 years$1,195$753$458$271$157$113
41 years$1,153$717$430$250$143$101
42 years$1,113$682$403$231$130$91
43 years$1,075$650$378$213$118$82
44 years$1,038$620$355$197$107$73
45 years$1,004$591$333$182$97$66
46 years$971$564$313$168$88$59
47 years$940$538$294$155$80$53
48 years$910$514$276$143$73$48
49 years$881$490$260$133$66$43
50 years$853$469$244$123$60$39

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $874,000, adding $4,385 every year, while hoping to spend $29,690 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: 75/17/8 Blend
53$874,000$874,000$874,000$874,000
54$967,671$921,349$907,802$1,038,746
55$1,034,784$934,905$906,624$1,099,694
56$1,107,747$948,131$904,410$1,162,261
57$1,187,125$960,978$901,097$1,229,974
58$1,273,542$973,395$896,613$1,303,334
59$1,367,681$985,329$890,888$1,382,890
60$1,470,295$996,722$883,843$1,469,249
61$1,582,215$1,007,510$875,401$1,563,078
62$1,704,351$1,017,629$865,478$1,665,112
63$1,837,709$1,027,007$853,986$1,776,163
64$1,983,395$1,035,569$840,833$1,897,123
65$2,142,624$1,043,235$825,924$2,028,976
66$2,316,738$1,049,920$809,159$2,172,806
67$2,507,213$1,055,533$790,433$2,329,808
68$2,715,671$1,059,978$769,636$2,501,299
69$2,943,904$1,063,151$746,652$2,688,729
70$3,193,880$1,064,943$721,363$2,893,697
71$3,467,769$1,065,238$693,642$3,117,966
72$3,767,960$1,063,914$663,358$3,363,477
73$4,097,085$1,060,838$630,373$3,632,370
74$4,458,041$1,055,873$594,545$3,927,005
75$4,854,022$1,048,871$555,722$4,249,982
76$5,288,542$1,039,676$513,748$4,604,164
77$5,765,474$1,028,121$468,460$4,992,711
78$6,289,085$1,014,031$419,686$5,419,102
79$6,864,073$997,221$367,247$5,887,174
80$7,495,616$977,492$310,957$6,401,155
81$8,189,415$954,635$250,621$6,965,705
82$8,951,753$928,430$186,034$7,585,959
83$9,789,551$898,641$116,985$8,267,579
84$10,710,432$865,022$43,251$9,016,803
85$11,722,798$827,310$0$9,840,509
86$12,835,901$785,226$0$10,749,301
87$14,059,939$738,478$0$11,752,644
88$15,406,143$686,754$0$12,856,071
89$16,886,892$629,727$0$14,069,753
90$18,515,820$567,049$0$15,404,899
91$20,307,953$498,353$0$16,873,861
92$22,279,844$423,253$0$18,490,251
93$24,449,734$341,337$0$20,269,071
94$26,837,718$252,174$0$22,226,856
95$29,465,941$155,307$0$24,381,824
96$32,358,803$50,252$0$26,754,056
97$35,543,187$0$0$29,365,682
98$39,048,718$0$0$32,252,967
99$42,908,037$0$0$35,442,039
100$47,157,112$0$0$38,953,224