Can I retire at age 54 with 876,000?

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 $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%15%
1 years$72,339$71,695$71,066$70,453$69,853$68,415
2 years$35,812$35,145$34,498$33,871$33,264$31,821
3 years$23,637$22,967$22,323$21,702$21,104$19,702
4 years$17,551$16,883$16,245$15,635$15,051$13,701
5 years$13,901$13,237$12,607$12,009$11,442$10,147
6 years$11,468$10,809$10,188$9,604$9,054$7,816
7 years$9,730$9,077$8,466$7,896$7,363$6,182
8 years$8,428$7,781$7,180$6,624$6,108$4,984
9 years$7,416$6,775$6,184$5,642$5,144$4,076
10 years$6,606$5,972$5,392$4,863$4,383$3,370
11 years$5,945$5,316$4,747$4,233$3,770$2,810
12 years$5,394$4,771$4,213$3,713$3,267$2,359
13 years$4,928$4,312$3,764$3,278$2,849$1,992
14 years$4,529$3,919$3,382$2,909$2,497$1,689
15 years$4,183$3,581$3,053$2,595$2,199$1,438
16 years$3,881$3,285$2,768$2,323$1,943$1,228
17 years$3,615$3,025$2,519$2,087$1,723$1,051
18 years$3,378$2,796$2,299$1,881$1,532$902
19 years$3,167$2,591$2,105$1,700$1,365$776
20 years$2,977$2,408$1,932$1,540$1,220$668
21 years$2,806$2,243$1,777$1,397$1,091$576
22 years$2,650$2,093$1,638$1,270$978$497
23 years$2,508$1,958$1,512$1,157$878$430
24 years$2,378$1,834$1,399$1,055$789$371
25 years$2,258$1,722$1,295$964$710$322
26 years$2,148$1,618$1,201$881$640$278
27 years$2,047$1,523$1,116$807$577$241
28 years$1,952$1,435$1,037$739$520$209
29 years$1,865$1,354$965$678$470$181
30 years$1,783$1,278$899$622$425$157
31 years$1,707$1,208$838$571$384$137
32 years$1,636$1,143$782$525$347$119
33 years$1,569$1,083$730$483$314$103
34 years$1,506$1,026$682$444$285$89
35 years$1,447$973$638$409$258$78
36 years$1,391$924$597$377$234$67
37 years$1,339$878$558$347$212$59
38 years$1,289$834$523$320$192$51
39 years$1,242$793$490$295$174$44
40 years$1,198$754$459$272$158$38
41 years$1,155$718$431$251$143$33
42 years$1,115$684$404$232$130$29
43 years$1,077$652$379$214$118$25
44 years$1,041$621$356$197$107$22
45 years$1,006$592$334$182$97$19
46 years$973$565$314$168$88$17
47 years$942$539$295$156$80$14
48 years$912$515$277$144$73$13
49 years$883$492$260$133$66$11
50 years$855$470$245$123$60$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $876,000, adding $3,815 every year, while hoping to spend $59,145 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: 58/27/15 Blend
53$876,000$876,000$876,000$876,000
54$969,287$922,859$909,281$1,021,568
55$1,005,225$905,149$876,812$1,039,664
56$1,042,845$884,590$841,273$1,052,531
57$1,082,259$860,978$802,499$1,065,182
58$1,123,583$834,100$760,317$1,077,606
59$1,166,947$803,729$714,546$1,089,794
60$1,212,490$769,626$664,998$1,101,737
61$1,260,364$731,537$611,475$1,113,429
62$1,310,733$689,194$553,771$1,124,870
63$1,363,776$642,314$491,671$1,136,059
64$1,419,690$590,596$424,950$1,147,001
65$1,478,686$533,723$353,374$1,157,708
66$1,540,997$471,360$276,697$1,168,194
67$1,606,875$403,153$194,663$1,178,481
68$1,676,597$328,728$107,004$1,188,598
69$1,750,463$247,689$13,443$1,198,584
70$1,828,804$159,620$0$1,208,484
71$1,911,979$64,078$0$1,232,188
72$2,000,383$0$0$1,259,130
73$2,094,444$0$0$1,299,001
74$2,194,636$0$0$1,361,789
75$2,301,474$0$0$1,428,787
76$2,415,524$0$0$1,500,352
77$2,537,404$0$0$1,576,882
78$2,667,795$0$0$1,658,807
79$2,807,440$0$0$1,746,602
80$2,957,155$0$0$1,840,789
81$3,117,838$0$0$1,941,938
82$3,290,470$0$0$2,050,676
83$3,476,132$0$0$2,167,690
84$3,676,006$0$0$2,293,738
85$3,891,395$0$0$2,429,647
86$4,123,728$0$0$2,576,332
87$4,374,574$0$0$2,734,791
88$4,645,658$0$0$2,906,128
89$4,938,877$0$0$3,091,551
90$5,256,314$0$0$3,292,391
91$5,600,260$0$0$3,510,109
92$5,973,234$0$0$3,746,315
93$6,378,007$0$0$4,002,776
94$6,817,625$0$0$4,281,438
95$7,295,439$0$0$4,584,440
96$7,815,137$0$0$4,914,137
97$8,380,773$0$0$5,273,118
98$8,996,813$0$0$5,664,234
99$9,668,166$0$0$6,090,622
100$10,400,238$0$0$6,555,734