Can I retire at age 54 with 877,000?

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 $877,000?

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%
1 years$72,422$71,777$71,147$70,533$69,933$68,465
2 years$35,852$35,185$34,538$33,910$33,302$31,829
3 years$23,664$22,994$22,348$21,727$21,128$19,698
4 years$17,571$16,903$16,264$15,653$15,069$13,691
5 years$13,916$13,252$12,621$12,023$11,455$10,134
6 years$11,481$10,821$10,200$9,615$9,064$7,802
7 years$9,742$9,088$8,476$7,905$7,371$6,167
8 years$8,438$7,790$7,188$6,631$6,115$4,969
9 years$7,424$6,782$6,191$5,648$5,150$4,061
10 years$6,614$5,978$5,398$4,869$4,388$3,356
11 years$5,951$5,322$4,752$4,237$3,774$2,796
12 years$5,400$4,777$4,217$3,717$3,270$2,346
13 years$4,933$4,317$3,768$3,281$2,852$1,979
14 years$4,534$3,924$3,386$2,913$2,500$1,678
15 years$4,188$3,585$3,057$2,598$2,201$1,427
16 years$3,885$3,289$2,771$2,326$1,945$1,218
17 years$3,619$3,029$2,522$2,090$1,725$1,042
18 years$3,382$2,799$2,302$1,883$1,534$893
19 years$3,171$2,594$2,107$1,702$1,367$768
20 years$2,981$2,410$1,934$1,541$1,221$660
21 years$2,809$2,245$1,779$1,399$1,093$569
22 years$2,653$2,096$1,640$1,272$979$491
23 years$2,511$1,960$1,514$1,158$879$424
24 years$2,381$1,837$1,400$1,056$790$366
25 years$2,261$1,724$1,297$965$711$317
26 years$2,151$1,620$1,203$882$641$274
27 years$2,049$1,524$1,117$807$577$237
28 years$1,955$1,436$1,038$740$521$206
29 years$1,867$1,355$966$678$471$178
30 years$1,785$1,280$900$623$425$154
31 years$1,709$1,210$839$572$384$134
32 years$1,638$1,145$783$526$348$116
33 years$1,571$1,084$731$483$315$101
34 years$1,508$1,027$683$445$285$87
35 years$1,449$975$638$409$258$76
36 years$1,393$925$597$377$234$66
37 years$1,340$879$559$347$212$57
38 years$1,291$835$524$320$192$50
39 years$1,244$794$490$295$174$43
40 years$1,199$755$460$272$158$37
41 years$1,157$719$431$251$143$32
42 years$1,117$685$404$232$130$28
43 years$1,078$652$379$214$118$25
44 years$1,042$622$356$198$107$21
45 years$1,007$593$334$182$97$18
46 years$974$566$314$169$88$16
47 years$943$540$295$156$80$14
48 years$913$515$277$144$73$12
49 years$884$492$261$133$66$11
50 years$856$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 $877,000, adding $6,150 every year, while hoping to spend $43,711 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: 75/6/19 Blend
53$877,000$877,000$877,000$877,000
54$972,798$926,317$912,723$1,041,002
55$1,025,515$925,198$896,791$1,085,909
56$1,082,144$922,560$878,861$1,129,152
57$1,143,039$918,281$858,818$1,175,406
58$1,208,586$912,233$836,545$1,224,960
59$1,279,210$904,282$811,919$1,278,133
60$1,355,380$894,282$784,809$1,335,277
61$1,437,609$882,082$755,080$1,396,780
62$1,526,460$867,519$722,590$1,463,071
63$1,622,554$850,422$687,192$1,534,621
64$1,726,572$830,611$648,730$1,611,954
65$1,839,263$807,891$607,043$1,695,643
66$1,961,451$782,061$561,962$1,786,325
67$2,094,041$752,904$513,310$1,884,699
68$2,238,030$720,193$460,903$1,991,538
69$2,394,514$683,687$404,547$2,107,696
70$2,564,697$643,130$344,042$2,234,113
71$2,749,906$598,254$279,178$2,371,826
72$2,951,600$548,772$209,734$2,521,982
73$3,171,384$494,383$135,481$2,685,844
74$3,411,027$434,769$56,181$2,864,804
75$3,672,472$369,593$0$3,060,401
76$3,957,860$298,500$0$3,280,097
77$4,269,548$221,112$0$3,532,526
78$4,610,130$137,035$0$3,808,404
79$4,982,462$45,848$0$4,110,066
80$5,389,687$0$0$4,440,082
81$5,835,268$0$0$4,804,776
82$6,323,018$0$0$5,207,332
83$6,857,133$0$0$5,648,191
84$7,442,237$0$0$6,131,173
85$8,083,420$0$0$6,660,486
86$8,786,289$0$0$7,240,763
87$9,557,019$0$0$7,877,107
88$10,402,411$0$0$8,575,138
89$11,329,956$0$0$9,341,047
90$12,347,906$0$0$10,181,652
91$13,465,349$0$0$11,104,466
92$14,692,297$0$0$12,117,762
93$16,039,778$0$0$13,230,655
94$17,519,941$0$0$14,453,184
95$19,146,170$0$0$15,796,410
96$20,933,210$0$0$17,272,519
97$22,897,302$0$0$18,894,935
98$25,056,343$0$0$20,678,447
99$27,430,046$0$0$22,639,348
100$30,040,133$0$0$24,795,590