Can I retire at age 54 with 875,000?

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 $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%19.1%
1 years$72,257$71,613$70,985$70,372$69,774$67,218
2 years$35,771$35,104$34,459$33,833$33,226$30,679
3 years$23,610$22,941$22,297$21,677$21,080$18,623
4 years$17,531$16,864$16,227$15,617$15,034$12,685
5 years$13,885$13,222$12,593$11,995$11,429$9,194
6 years$11,455$10,797$10,177$9,593$9,043$6,924
7 years$9,719$9,067$8,457$7,887$7,355$5,351
8 years$8,419$7,772$7,172$6,616$6,101$4,211
9 years$7,407$6,767$6,177$5,635$5,138$3,359
10 years$6,599$5,965$5,385$4,858$4,378$2,707
11 years$5,938$5,310$4,741$4,228$3,765$2,199
12 years$5,387$4,766$4,208$3,708$3,263$1,797
13 years$4,922$4,307$3,759$3,274$2,845$1,475
14 years$4,523$3,915$3,378$2,906$2,494$1,216
15 years$4,178$3,576$3,050$2,592$2,196$1,006
16 years$3,877$3,281$2,765$2,321$1,941$834
17 years$3,611$3,022$2,516$2,085$1,721$693
18 years$3,375$2,792$2,297$1,879$1,530$577
19 years$3,164$2,588$2,103$1,698$1,364$481
20 years$2,974$2,405$1,930$1,538$1,218$401
21 years$2,802$2,240$1,775$1,396$1,090$335
22 years$2,647$2,091$1,636$1,269$977$280
23 years$2,505$1,956$1,510$1,156$877$235
24 years$2,375$1,832$1,397$1,054$788$196
25 years$2,256$1,720$1,294$963$709$165
26 years$2,146$1,616$1,200$880$639$138
27 years$2,044$1,521$1,114$806$576$116
28 years$1,950$1,433$1,036$738$520$97
29 years$1,863$1,352$964$677$469$81
30 years$1,781$1,277$898$621$424$68
31 years$1,705$1,207$837$571$383$57
32 years$1,634$1,142$781$524$347$48
33 years$1,567$1,082$729$482$314$40
34 years$1,504$1,025$681$444$284$34
35 years$1,445$972$637$408$257$28
36 years$1,390$923$596$376$233$24
37 years$1,337$877$558$347$211$20
38 years$1,288$833$522$319$192$17
39 years$1,241$792$489$295$174$14
40 years$1,196$754$459$272$158$12
41 years$1,154$717$430$251$143$10
42 years$1,114$683$403$231$130$8
43 years$1,076$651$379$214$118$7
44 years$1,040$620$355$197$107$6
45 years$1,005$592$334$182$97$5
46 years$972$564$313$168$88$4
47 years$941$539$294$155$80$3
48 years$911$514$277$144$73$3
49 years$882$491$260$133$66$2
50 years$854$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 $875,000, adding $3,129 every year, while hoping to spend $29,346 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: 51/24/25 Blend
53$875,000$875,000$875,000$875,000
54$967,478$921,103$907,540$1,009,891
55$1,034,936$935,013$906,719$1,053,580
56$1,108,292$948,621$904,886$1,097,831
57$1,188,116$961,881$901,978$1,145,354
58$1,275,036$974,745$897,926$1,196,471
59$1,369,741$987,159$892,658$1,251,540
60$1,472,993$999,069$886,101$1,310,955
61$1,585,629$1,010,413$878,175$1,375,149
62$1,708,568$1,021,129$868,800$1,444,604
63$1,842,826$1,031,147$857,888$1,519,851
64$1,989,517$1,040,396$845,350$1,601,474
65$2,149,870$1,048,798$831,092$1,690,121
66$2,325,238$1,056,271$815,014$1,786,505
67$2,517,110$1,062,726$797,015$1,891,416
68$2,727,126$1,068,071$776,986$2,005,722
69$2,957,092$1,072,205$754,814$2,130,386
70$3,208,996$1,075,024$730,381$2,266,468
71$3,485,028$1,076,414$703,563$2,415,137
72$3,787,600$1,076,258$674,232$2,577,687
73$4,119,367$1,074,427$642,251$2,755,543
74$4,483,257$1,070,787$607,480$2,950,280
75$4,882,490$1,065,197$569,771$3,163,635
76$5,320,615$1,057,503$528,970$3,397,523
77$5,801,543$1,047,546$484,916$3,654,061
78$6,329,580$1,035,155$437,440$3,935,583
79$6,909,470$1,020,150$386,367$4,244,663
80$7,546,437$1,002,339$331,512$4,584,144
81$8,246,240$981,520$272,684$4,957,160
82$9,015,220$957,478$209,682$5,367,170
83$9,860,363$929,985$142,297$5,817,989
84$10,789,367$898,801$70,311$6,313,827
85$11,810,712$863,672$0$6,859,326
86$12,933,740$824,327$0$7,461,346
87$14,168,744$780,482$0$8,143,925
88$15,527,066$731,835$0$8,894,588
89$17,021,199$678,068$0$9,720,274
90$18,664,911$618,842$0$10,628,637
91$20,473,369$553,803$0$11,628,110
92$22,463,285$482,572$0$12,727,990
93$24,653,075$404,753$0$13,938,527
94$27,063,027$319,924$0$15,271,016
95$29,715,497$227,642$0$16,737,911
96$32,635,119$127,437$0$18,352,936
97$35,849,034$18,814$0$20,131,220
98$39,387,150$0$0$22,089,441
99$43,282,422$0$0$24,272,058
100$47,571,162$0$0$26,680,729