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%16.2%
1 years$72,339$71,695$71,066$70,453$69,853$68,082
2 years$35,812$35,145$34,498$33,871$33,264$31,490
3 years$23,637$22,967$22,323$21,702$21,104$19,384
4 years$17,551$16,883$16,245$15,635$15,051$13,399
5 years$13,901$13,237$12,607$12,009$11,442$9,861
6 years$11,468$10,809$10,188$9,604$9,054$7,545
7 years$9,730$9,077$8,466$7,896$7,363$5,928
8 years$8,428$7,781$7,180$6,624$6,108$4,746
9 years$7,416$6,775$6,184$5,642$5,144$3,853
10 years$6,606$5,972$5,392$4,863$4,383$3,162
11 years$5,945$5,316$4,747$4,233$3,770$2,617
12 years$5,394$4,771$4,213$3,713$3,267$2,180
13 years$4,928$4,312$3,764$3,278$2,849$1,826
14 years$4,529$3,919$3,382$2,909$2,497$1,536
15 years$4,183$3,581$3,053$2,595$2,199$1,296
16 years$3,881$3,285$2,768$2,323$1,943$1,098
17 years$3,615$3,025$2,519$2,087$1,723$932
18 years$3,378$2,796$2,299$1,881$1,532$792
19 years$3,167$2,591$2,105$1,700$1,365$675
20 years$2,977$2,408$1,932$1,540$1,220$576
21 years$2,806$2,243$1,777$1,397$1,091$492
22 years$2,650$2,093$1,638$1,270$978$421
23 years$2,508$1,958$1,512$1,157$878$360
24 years$2,378$1,834$1,399$1,055$789$309
25 years$2,258$1,722$1,295$964$710$265
26 years$2,148$1,618$1,201$881$640$227
27 years$2,047$1,523$1,116$807$577$195
28 years$1,952$1,435$1,037$739$520$167
29 years$1,865$1,354$965$678$470$144
30 years$1,783$1,278$899$622$425$123
31 years$1,707$1,208$838$571$384$106
32 years$1,636$1,143$782$525$347$91
33 years$1,569$1,083$730$483$314$78
34 years$1,506$1,026$682$444$285$67
35 years$1,447$973$638$409$258$58
36 years$1,391$924$597$377$234$50
37 years$1,339$878$558$347$212$43
38 years$1,289$834$523$320$192$37
39 years$1,242$793$490$295$174$32
40 years$1,198$754$459$272$158$27
41 years$1,155$718$431$251$143$23
42 years$1,115$684$404$232$130$20
43 years$1,077$652$379$214$118$17
44 years$1,041$621$356$197$107$15
45 years$1,006$592$334$182$97$13
46 years$973$565$314$168$88$11
47 years$942$539$295$156$80$10
48 years$912$515$277$144$73$8
49 years$883$492$260$133$66$7
50 years$855$470$245$123$60$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $876,000, adding $2,017 every year, while hoping to spend $34,734 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: 64/16/20 Blend
53$876,000$876,000$876,000$876,000
54$967,433$921,005$907,427$1,024,291
55$1,029,154$929,177$900,869$1,070,954
56$1,096,007$936,586$892,927$1,117,799
57$1,168,478$943,157$883,518$1,168,165
58$1,247,102$948,811$872,556$1,222,400
59$1,332,469$953,465$859,949$1,280,884
60$1,425,225$957,029$845,601$1,344,041
61$1,526,083$959,408$829,413$1,412,336
62$1,635,825$960,502$811,281$1,486,283
63$1,755,316$960,203$791,095$1,566,450
64$1,885,502$958,397$768,741$1,653,463
65$2,027,429$954,963$744,099$1,748,014
66$2,182,244$949,774$717,044$1,850,866
67$2,351,213$942,694$687,446$1,962,860
68$2,535,728$933,577$655,166$2,084,928
69$2,737,322$922,271$620,064$2,218,093
70$2,957,681$908,615$581,988$2,363,489
71$3,198,662$892,435$540,783$2,522,364
72$3,462,312$873,550$496,285$2,696,096
73$3,750,882$851,768$448,324$2,886,207
74$4,066,851$826,884$396,723$3,094,373
75$4,412,951$798,683$341,294$3,322,447
76$4,792,188$766,934$281,843$3,572,471
77$5,207,874$731,397$218,168$3,846,699
78$5,663,658$691,816$150,057$4,147,616
79$6,163,555$647,919$77,288$4,477,964
80$6,711,992$599,421$0$4,840,769
81$7,313,841$546,019$0$5,239,447
82$7,974,472$487,393$0$5,695,206
83$8,699,797$423,204$0$6,195,649
84$9,496,331$353,096$0$6,745,310
85$10,371,250$276,691$0$7,349,186
86$11,332,460$193,591$0$8,012,785
87$12,388,667$103,374$0$8,742,179
88$13,549,468$5,595$0$9,544,059
89$14,825,430$0$0$10,425,800
90$16,228,199$0$0$11,413,174
91$17,770,603$0$0$12,499,986
92$19,466,778$0$0$13,695,215
93$21,332,294$0$0$15,009,846
94$23,384,310$0$0$16,455,977
95$25,641,730$0$0$18,046,940
96$28,125,382$0$0$19,797,424
97$30,858,214$0$0$21,723,612
98$33,865,512$0$0$23,843,337
99$37,175,137$0$0$26,176,248
100$40,817,788$0$0$28,743,993