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%16.2%
1 years$72,422$71,777$71,147$70,533$69,933$68,160
2 years$35,852$35,185$34,538$33,910$33,302$31,526
3 years$23,664$22,994$22,348$21,727$21,128$19,406
4 years$17,571$16,903$16,264$15,653$15,069$13,414
5 years$13,916$13,252$12,621$12,023$11,455$9,872
6 years$11,481$10,821$10,200$9,615$9,064$7,554
7 years$9,742$9,088$8,476$7,905$7,371$5,935
8 years$8,438$7,790$7,188$6,631$6,115$4,751
9 years$7,424$6,782$6,191$5,648$5,150$3,858
10 years$6,614$5,978$5,398$4,869$4,388$3,166
11 years$5,951$5,322$4,752$4,237$3,774$2,620
12 years$5,400$4,777$4,217$3,717$3,270$2,182
13 years$4,933$4,317$3,768$3,281$2,852$1,828
14 years$4,534$3,924$3,386$2,913$2,500$1,537
15 years$4,188$3,585$3,057$2,598$2,201$1,298
16 years$3,885$3,289$2,771$2,326$1,945$1,099
17 years$3,619$3,029$2,522$2,090$1,725$933
18 years$3,382$2,799$2,302$1,883$1,534$793
19 years$3,171$2,594$2,107$1,702$1,367$676
20 years$2,981$2,410$1,934$1,541$1,221$577
21 years$2,809$2,245$1,779$1,399$1,093$493
22 years$2,653$2,096$1,640$1,272$979$421
23 years$2,511$1,960$1,514$1,158$879$361
24 years$2,381$1,837$1,400$1,056$790$309
25 years$2,261$1,724$1,297$965$711$265
26 years$2,151$1,620$1,203$882$641$227
27 years$2,049$1,524$1,117$807$577$195
28 years$1,955$1,436$1,038$740$521$167
29 years$1,867$1,355$966$678$471$144
30 years$1,785$1,280$900$623$425$124
31 years$1,709$1,210$839$572$384$106
32 years$1,638$1,145$783$526$348$91
33 years$1,571$1,084$731$483$315$78
34 years$1,508$1,027$683$445$285$67
35 years$1,449$975$638$409$258$58
36 years$1,393$925$597$377$234$50
37 years$1,340$879$559$347$212$43
38 years$1,291$835$524$320$192$37
39 years$1,244$794$490$295$174$32
40 years$1,199$755$460$272$158$27
41 years$1,157$719$431$251$143$23
42 years$1,117$685$404$232$130$20
43 years$1,078$652$379$214$118$17
44 years$1,042$622$356$198$107$15
45 years$1,007$593$334$182$97$13
46 years$974$566$314$169$88$11
47 years$943$540$295$156$80$10
48 years$913$515$277$144$73$8
49 years$884$492$261$133$66$7
50 years$856$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 $877,000, adding $6,059 every year, while hoping to spend $57,753 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: 30/47/23 Blend
53$877,000$877,000$877,000$877,000
54$972,704$926,223$912,629$994,785
55$1,010,471$910,159$881,754$996,164
56$1,050,155$891,372$847,908$992,094
57$1,091,889$869,669$810,932$986,524
58$1,135,822$844,842$770,658$979,361
59$1,182,110$816,674$726,910$970,508
60$1,230,930$784,935$679,505$959,865
61$1,282,468$749,381$628,252$947,330
62$1,336,932$709,752$572,951$932,795
63$1,394,546$665,777$513,392$916,151
64$1,455,556$617,167$449,356$897,285
65$1,520,230$563,615$380,617$876,081
66$1,588,861$504,800$306,936$852,421
67$1,661,771$440,381$228,064$826,183
68$1,739,308$369,997$143,741$797,243
69$1,821,858$293,267$53,696$765,478
70$1,909,839$209,789$0$730,759
71$2,003,713$119,138$0$703,365
72$2,103,982$20,867$0$687,503
73$2,211,200$0$0$669,929
74$2,325,970$0$0$694,815
75$2,448,958$0$0$733,139
76$2,580,892$0$0$774,347
77$2,722,570$0$0$818,701
78$2,874,870$0$0$866,488
79$3,038,755$0$0$918,024
80$3,215,281$0$0$973,656
81$3,405,609$0$0$1,033,765
82$3,611,016$0$0$1,098,770
83$3,832,902$0$0$1,169,132
84$4,072,809$0$0$1,245,358
85$4,332,427$0$0$1,328,002
86$4,613,618$0$0$1,417,679
87$4,918,429$0$0$1,515,060
88$5,249,108$0$0$1,620,887
89$5,608,130$0$0$1,735,974
90$5,998,216$0$0$1,861,217
91$6,422,359$0$0$1,997,603
92$6,883,854$0$0$2,146,215
93$7,386,322$0$0$2,308,250
94$7,933,753$0$0$2,485,020
95$8,530,533$0$0$2,677,972
96$9,181,493$0$0$2,888,699
97$9,891,946$0$0$3,118,954
98$10,667,746$0$0$3,370,666
99$11,515,331$0$0$3,645,961
100$12,441,794$0$0$3,947,178