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%14.6%
1 years$72,257$71,613$70,985$70,372$69,774$68,449
2 years$35,771$35,104$34,459$33,833$33,226$31,896
3 years$23,610$22,941$22,297$21,677$21,080$19,787
4 years$17,531$16,864$16,227$15,617$15,034$13,788
5 years$13,885$13,222$12,593$11,995$11,429$10,233
6 years$11,455$10,797$10,177$9,593$9,043$7,899
7 years$9,719$9,067$8,457$7,887$7,355$6,262
8 years$8,419$7,772$7,172$6,616$6,101$5,060
9 years$7,407$6,767$6,177$5,635$5,138$4,148
10 years$6,599$5,965$5,385$4,858$4,378$3,438
11 years$5,938$5,310$4,741$4,228$3,765$2,874
12 years$5,387$4,766$4,208$3,708$3,263$2,419
13 years$4,922$4,307$3,759$3,274$2,845$2,048
14 years$4,523$3,915$3,378$2,906$2,494$1,741
15 years$4,178$3,576$3,050$2,592$2,196$1,487
16 years$3,877$3,281$2,765$2,321$1,941$1,273
17 years$3,611$3,022$2,516$2,085$1,721$1,093
18 years$3,375$2,792$2,297$1,879$1,530$941
19 years$3,164$2,588$2,103$1,698$1,364$811
20 years$2,974$2,405$1,930$1,538$1,218$701
21 years$2,802$2,240$1,775$1,396$1,090$606
22 years$2,647$2,091$1,636$1,269$977$525
23 years$2,505$1,956$1,510$1,156$877$455
24 years$2,375$1,832$1,397$1,054$788$395
25 years$2,256$1,720$1,294$963$709$343
26 years$2,146$1,616$1,200$880$639$298
27 years$2,044$1,521$1,114$806$576$259
28 years$1,950$1,433$1,036$738$520$225
29 years$1,863$1,352$964$677$469$196
30 years$1,781$1,277$898$621$424$170
31 years$1,705$1,207$837$571$383$148
32 years$1,634$1,142$781$524$347$129
33 years$1,567$1,082$729$482$314$113
34 years$1,504$1,025$681$444$284$98
35 years$1,445$972$637$408$257$85
36 years$1,390$923$596$376$233$75
37 years$1,337$877$558$347$211$65
38 years$1,288$833$522$319$192$57
39 years$1,241$792$489$295$174$49
40 years$1,196$754$459$272$158$43
41 years$1,154$717$430$251$143$38
42 years$1,114$683$403$231$130$33
43 years$1,076$651$379$214$118$29
44 years$1,040$620$355$197$107$25
45 years$1,005$592$334$182$97$22
46 years$972$564$313$168$88$19
47 years$941$539$294$155$80$17
48 years$911$514$277$144$73$14
49 years$882$491$260$133$66$13
50 years$854$469$244$123$60$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $875,000, adding $2,143 every year, while hoping to spend $48,962 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: 39/45/16 Blend
53$875,000$875,000$875,000$875,000
54$966,461$920,086$906,523$999,446
55$1,012,944$913,075$884,796$1,016,170
56$1,062,528$904,079$860,701$1,029,360
57$1,115,477$892,950$834,105$1,042,579
58$1,172,081$879,530$804,873$1,055,854
59$1,232,658$863,651$772,860$1,069,221
60$1,297,555$845,136$737,918$1,082,719
61$1,367,156$823,798$699,888$1,096,400
62$1,441,879$799,437$658,608$1,110,322
63$1,522,185$771,844$613,906$1,124,555
64$1,608,580$740,796$565,603$1,139,184
65$1,701,617$706,057$513,513$1,154,303
66$1,801,907$667,379$457,440$1,170,025
67$1,910,117$624,496$397,180$1,186,480
68$2,026,985$577,132$332,521$1,203,817
69$2,153,316$524,991$263,240$1,222,207
70$2,290,001$467,762$189,105$1,241,848
71$2,438,014$405,115$109,873$1,262,962
72$2,598,430$336,704$25,292$1,285,807
73$2,772,427$262,160$0$1,310,671
74$2,961,304$181,095$0$1,348,976
75$3,166,489$93,101$0$1,395,332
76$3,389,551$0$0$1,445,887
77$3,632,218$0$0$1,502,284
78$3,896,390$0$0$1,613,968
79$4,184,159$0$0$1,735,736
80$4,497,826$0$0$1,868,574
81$4,839,924$0$0$2,013,569
82$5,213,241$0$0$2,171,917
83$5,620,844$0$0$2,344,935
84$6,066,113$0$0$2,534,073
85$6,552,765$0$0$2,740,926
86$7,084,895$0$0$2,967,252
87$7,667,010$0$0$3,214,986
88$8,304,074$0$0$3,486,259
89$9,001,551$0$0$3,783,417
90$9,765,461$0$0$4,109,044
91$10,602,431$0$0$4,465,987
92$11,519,759$0$0$4,857,378
93$12,525,486$0$0$5,286,671
94$13,628,464$0$0$5,757,669
95$14,838,445$0$0$6,274,558
96$16,166,171$0$0$6,841,952
97$17,623,472$0$0$7,464,934
98$19,223,381$0$0$8,149,100
99$20,980,253$0$0$8,900,618
100$22,909,903$0$0$9,726,280