Can I retire at age 54 with 876,000?

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 $876,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.9%
1 years$72,339$71,695$71,066$70,453$69,853$68,443
2 years$35,812$35,145$34,498$33,871$33,264$31,849
3 years$23,637$22,967$22,323$21,702$21,104$19,729
4 years$17,551$16,883$16,245$15,635$15,051$13,727
5 years$13,901$13,237$12,607$12,009$11,442$10,171
6 years$11,468$10,809$10,188$9,604$9,054$7,838
7 years$9,730$9,077$8,466$7,896$7,363$6,204
8 years$8,428$7,781$7,180$6,624$6,108$5,004
9 years$7,416$6,775$6,184$5,642$5,144$4,095
10 years$6,606$5,972$5,392$4,863$4,383$3,387
11 years$5,945$5,316$4,747$4,233$3,770$2,826
12 years$5,394$4,771$4,213$3,713$3,267$2,375
13 years$4,928$4,312$3,764$3,278$2,849$2,006
14 years$4,529$3,919$3,382$2,909$2,497$1,702
15 years$4,183$3,581$3,053$2,595$2,199$1,450
16 years$3,881$3,285$2,768$2,323$1,943$1,239
17 years$3,615$3,025$2,519$2,087$1,723$1,062
18 years$3,378$2,796$2,299$1,881$1,532$912
19 years$3,167$2,591$2,105$1,700$1,365$785
20 years$2,977$2,408$1,932$1,540$1,220$676
21 years$2,806$2,243$1,777$1,397$1,091$583
22 years$2,650$2,093$1,638$1,270$978$504
23 years$2,508$1,958$1,512$1,157$878$436
24 years$2,378$1,834$1,399$1,055$789$377
25 years$2,258$1,722$1,295$964$710$327
26 years$2,148$1,618$1,201$881$640$283
27 years$2,047$1,523$1,116$807$577$246
28 years$1,952$1,435$1,037$739$520$213
29 years$1,865$1,354$965$678$470$185
30 years$1,783$1,278$899$622$425$161
31 years$1,707$1,208$838$571$384$139
32 years$1,636$1,143$782$525$347$121
33 years$1,569$1,083$730$483$314$105
34 years$1,506$1,026$682$444$285$92
35 years$1,447$973$638$409$258$80
36 years$1,391$924$597$377$234$69
37 years$1,339$878$558$347$212$60
38 years$1,289$834$523$320$192$52
39 years$1,242$793$490$295$174$45
40 years$1,198$754$459$272$158$40
41 years$1,155$718$431$251$143$34
42 years$1,115$684$404$232$130$30
43 years$1,077$652$379$214$118$26
44 years$1,041$621$356$197$107$23
45 years$1,006$592$334$182$97$20
46 years$973$565$314$168$88$17
47 years$942$539$295$156$80$15
48 years$912$515$277$144$73$13
49 years$883$492$260$133$66$11
50 years$855$470$245$123$60$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $876,000, adding $2,383 every year, while hoping to spend $32,672 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: 56/33/11 Blend
53$876,000$876,000$876,000$876,000
54$967,810$921,382$907,804$1,019,224
55$1,031,764$931,767$903,453$1,064,657
56$1,101,146$941,566$897,861$1,110,315
57$1,176,476$950,715$890,952$1,159,271
58$1,258,324$959,148$882,646$1,211,845
59$1,347,319$966,792$872,861$1,268,392
60$1,444,151$973,571$861,508$1,329,301
61$1,549,582$979,403$848,495$1,395,003
62$1,664,448$984,203$833,729$1,465,973
63$1,789,670$987,876$817,106$1,542,736
64$1,926,260$990,327$798,524$1,625,873
65$2,075,336$991,450$777,871$1,716,023
66$2,238,124$991,135$755,034$1,813,892
67$2,415,976$989,264$729,891$1,920,260
68$2,610,380$985,712$702,317$2,035,989
69$2,822,975$980,348$672,181$2,162,029
70$3,055,564$973,031$639,344$2,299,428
71$3,310,133$963,611$603,664$2,449,345
72$3,588,870$951,931$564,990$2,613,058
73$3,894,183$937,824$523,165$2,791,977
74$4,228,724$921,112$478,026$2,987,659
75$4,595,414$901,607$429,400$3,201,823
76$4,997,471$879,109$377,109$3,436,364
77$5,438,437$853,410$320,966$3,693,376
78$5,922,215$824,284$260,776$3,975,167
79$6,453,103$791,497$196,335$4,284,285
80$7,035,838$754,798$127,430$4,623,542
81$7,675,633$713,923$53,839$4,996,040
82$8,378,235$668,593$0$5,405,201
83$9,149,973$618,512$0$5,857,700
84$9,997,818$563,367$0$6,361,737
85$10,929,452$502,828$0$6,915,612
86$11,953,336$436,546$0$7,524,424
87$13,078,792$364,153$0$8,193,800
88$14,316,090$285,258$0$8,929,942
89$15,676,546$199,450$0$9,739,690
90$17,172,625$106,294$0$10,630,587
91$18,818,061$5,332$0$11,610,950
92$20,627,988$0$0$12,689,949
93$22,619,077$0$0$13,915,433
94$24,809,699$0$0$15,265,947
95$27,220,095$0$0$16,752,045
96$29,872,564$0$0$18,387,487
97$32,791,680$0$0$20,187,437
98$36,004,517$0$0$22,168,600
99$39,540,908$0$0$24,349,387
100$43,433,726$0$0$26,750,081