Can I retire at age 54 with 875,000?

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 $875,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.2%
1 years$72,257$71,613$70,985$70,372$69,774$68,845
2 years$35,771$35,104$34,459$33,833$33,226$32,291
3 years$23,610$22,941$22,297$21,677$21,080$20,169
4 years$17,531$16,864$16,227$15,617$15,034$14,154
5 years$13,885$13,222$12,593$11,995$11,429$10,582
6 years$11,455$10,797$10,177$9,593$9,043$8,230
7 years$9,719$9,067$8,457$7,887$7,355$6,576
8 years$8,419$7,772$7,172$6,616$6,101$5,357
9 years$7,407$6,767$6,177$5,635$5,138$4,428
10 years$6,599$5,965$5,385$4,858$4,378$3,701
11 years$5,938$5,310$4,741$4,228$3,765$3,122
12 years$5,387$4,766$4,208$3,708$3,263$2,651
13 years$4,922$4,307$3,759$3,274$2,845$2,265
14 years$4,523$3,915$3,378$2,906$2,494$1,944
15 years$4,178$3,576$3,050$2,592$2,196$1,676
16 years$3,877$3,281$2,765$2,321$1,941$1,449
17 years$3,611$3,022$2,516$2,085$1,721$1,257
18 years$3,375$2,792$2,297$1,879$1,530$1,093
19 years$3,164$2,588$2,103$1,698$1,364$952
20 years$2,974$2,405$1,930$1,538$1,218$831
21 years$2,802$2,240$1,775$1,396$1,090$726
22 years$2,647$2,091$1,636$1,269$977$636
23 years$2,505$1,956$1,510$1,156$877$557
24 years$2,375$1,832$1,397$1,054$788$489
25 years$2,256$1,720$1,294$963$709$429
26 years$2,146$1,616$1,200$880$639$377
27 years$2,044$1,521$1,114$806$576$331
28 years$1,950$1,433$1,036$738$520$291
29 years$1,863$1,352$964$677$469$256
30 years$1,781$1,277$898$621$424$226
31 years$1,705$1,207$837$571$383$199
32 years$1,634$1,142$781$524$347$175
33 years$1,567$1,082$729$482$314$154
34 years$1,504$1,025$681$444$284$136
35 years$1,445$972$637$408$257$120
36 years$1,390$923$596$376$233$106
37 years$1,337$877$558$347$211$93
38 years$1,288$833$522$319$192$82
39 years$1,241$792$489$295$174$73
40 years$1,196$754$459$272$158$64
41 years$1,154$717$430$251$143$57
42 years$1,114$683$403$231$130$50
43 years$1,076$651$379$214$118$44
44 years$1,040$620$355$197$107$39
45 years$1,005$592$334$182$97$34
46 years$972$564$313$168$88$30
47 years$941$539$294$155$80$27
48 years$911$514$277$144$73$24
49 years$882$491$260$133$66$21
50 years$854$469$244$123$60$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $875,000, adding $5,269 every year, while hoping to spend $34,237 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: 36/34/30 Blend
53$875,000$875,000$875,000$875,000
54$969,685$923,310$909,747$995,724
55$1,032,165$932,124$903,796$1,024,465
56$1,099,870$940,223$896,498$1,052,023
57$1,173,298$947,535$887,772$1,081,131
58$1,252,995$953,984$877,532$1,111,951
59$1,339,561$959,490$865,690$1,144,665
60$1,433,658$963,967$852,152$1,179,477
61$1,536,013$967,323$836,821$1,216,612
62$1,647,425$969,461$819,594$1,256,321
63$1,768,777$970,279$800,364$1,298,883
64$1,901,035$969,666$779,020$1,344,609
65$2,045,267$967,506$755,443$1,393,845
66$2,202,646$963,675$729,512$1,446,973
67$2,374,463$958,043$701,099$1,504,421
68$2,562,141$950,469$670,068$1,566,660
69$2,767,245$940,808$636,281$1,634,216
70$2,991,498$928,901$599,590$1,707,671
71$3,236,798$914,584$559,843$1,787,673
72$3,505,233$897,681$516,880$1,874,937
73$3,799,105$878,006$470,534$1,970,257
74$4,120,946$855,360$420,629$2,074,516
75$4,473,547$829,537$366,984$2,188,688
76$4,859,979$800,315$309,409$2,313,855
77$5,283,626$767,460$247,704$2,451,214
78$5,748,216$730,725$181,661$2,602,092
79$6,257,851$689,848$111,064$2,767,955
80$6,817,054$644,553$35,687$2,950,430
81$7,430,804$594,546$0$3,151,313
82$8,104,587$539,519$0$3,386,921
83$8,844,444$479,145$0$3,658,250
84$9,657,032$413,078$0$3,956,383
85$10,549,683$340,953$0$4,284,096
86$11,530,476$262,385$0$4,644,456
87$12,608,308$176,965$0$5,040,847
88$13,792,983$84,264$0$5,477,005
89$15,095,302$0$0$5,957,052
90$16,527,164$0$0$6,491,587
91$18,101,677$0$0$7,114,178
92$19,833,287$0$0$7,799,028
93$21,737,906$0$0$8,552,448
94$23,833,067$0$0$9,381,391
95$26,138,089$0$0$10,293,518
96$28,674,255$0$0$11,297,273
97$31,465,017$0$0$12,401,955
98$34,536,216$0$0$13,617,815
99$37,916,323$0$0$14,956,144
100$41,636,709$0$0$16,429,386