Can I retire at age 54 with 878,000?

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 $878,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.3%
1 years$72,504$71,859$71,228$70,613$70,013$68,210
2 years$35,893$35,225$34,577$33,949$33,340$31,535
3 years$23,691$23,020$22,374$21,751$21,152$19,402
4 years$17,591$16,922$16,282$15,671$15,086$13,404
5 years$13,932$13,267$12,636$12,037$11,468$9,860
6 years$11,494$10,834$10,212$9,626$9,074$7,541
7 years$9,753$9,098$8,486$7,914$7,380$5,921
8 years$8,447$7,799$7,197$6,639$6,122$4,737
9 years$7,433$6,790$6,198$5,655$5,156$3,844
10 years$6,622$5,985$5,404$4,874$4,393$3,152
11 years$5,958$5,328$4,758$4,242$3,778$2,607
12 years$5,406$4,782$4,222$3,721$3,274$2,170
13 years$4,939$4,322$3,772$3,285$2,855$1,816
14 years$4,539$3,928$3,389$2,916$2,503$1,527
15 years$4,193$3,589$3,060$2,601$2,204$1,288
16 years$3,890$3,293$2,775$2,329$1,948$1,090
17 years$3,623$3,032$2,525$2,092$1,727$924
18 years$3,386$2,802$2,305$1,886$1,535$786
19 years$3,174$2,597$2,110$1,704$1,369$669
20 years$2,984$2,413$1,936$1,543$1,222$570
21 years$2,812$2,248$1,781$1,400$1,094$487
22 years$2,656$2,098$1,642$1,273$981$416
23 years$2,514$1,962$1,516$1,160$880$356
24 years$2,383$1,839$1,402$1,058$791$305
25 years$2,264$1,725$1,298$966$712$261
26 years$2,153$1,622$1,204$883$641$224
27 years$2,051$1,526$1,118$808$578$192
28 years$1,957$1,438$1,039$741$522$165
29 years$1,869$1,357$967$679$471$141
30 years$1,787$1,281$901$623$426$121
31 years$1,711$1,211$840$572$385$104
32 years$1,639$1,146$784$526$348$89
33 years$1,572$1,085$732$484$315$77
34 years$1,509$1,029$684$445$285$66
35 years$1,450$976$639$410$258$57
36 years$1,394$926$598$377$234$49
37 years$1,342$880$560$348$212$42
38 years$1,292$836$524$321$192$36
39 years$1,245$795$491$296$174$31
40 years$1,200$756$460$273$158$27
41 years$1,158$720$432$251$144$23
42 years$1,118$686$405$232$130$20
43 years$1,080$653$380$214$118$17
44 years$1,043$623$357$198$107$14
45 years$1,009$594$335$183$97$12
46 years$975$566$314$169$88$11
47 years$944$541$295$156$80$9
48 years$914$516$278$144$73$8
49 years$885$493$261$133$66$7
50 years$857$471$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 $878,000, adding $4,578 every year, while hoping to spend $32,729 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: 67/5/28 Blend
53$878,000$878,000$878,000$878,000
54$972,278$925,744$912,135$1,030,002
55$1,036,627$936,282$907,868$1,080,002
56$1,106,443$946,240$902,362$1,130,566
57$1,182,248$955,554$895,539$1,185,141
58$1,264,619$964,157$887,320$1,244,125
59$1,354,187$971,978$877,623$1,307,957
60$1,451,649$978,940$866,359$1,377,123
61$1,557,772$984,962$853,436$1,452,156
62$1,673,397$989,959$838,759$1,533,648
63$1,799,454$993,837$822,228$1,622,250
64$1,936,963$996,499$803,737$1,718,680
65$2,087,047$997,842$783,176$1,823,730
66$2,250,945$997,754$760,431$1,938,275
67$2,430,016$996,120$735,381$2,063,280
68$2,625,762$992,814$707,900$2,199,809
69$2,839,832$987,704$677,857$2,349,035
70$3,074,044$980,650$645,114$2,512,253
71$3,330,399$971,505$609,528$2,690,893
72$3,611,100$960,109$570,948$2,886,528
73$3,918,574$946,296$529,216$3,100,897
74$4,255,494$929,890$484,170$3,335,916
75$4,624,802$910,702$435,637$3,593,698
76$5,029,739$888,534$383,439$3,876,576
77$5,473,877$863,176$327,388$4,187,119
78$5,961,146$834,406$267,290$4,528,163
79$6,495,878$801,987$202,939$4,902,834
80$7,082,844$765,670$134,123$5,314,581
81$7,727,298$725,192$60,621$5,767,205
82$8,435,030$680,274$0$6,264,899
83$9,212,416$630,620$0$6,817,609
84$10,066,481$575,920$0$7,444,784
85$11,004,965$515,842$0$8,133,989
86$12,036,392$450,040$0$8,891,500
87$13,170,156$378,144$0$9,724,232
88$14,416,605$299,766$0$10,639,805
89$15,787,139$214,495$0$11,646,614
90$17,294,319$121,896$0$12,753,910
91$18,951,983$21,513$0$13,971,885
92$20,775,379$0$0$15,311,771
93$22,781,305$0$0$16,790,739
94$24,988,271$0$0$18,419,297
95$27,416,671$0$0$20,211,320
96$30,088,975$0$0$22,183,396
97$33,029,941$0$0$24,353,806
98$36,266,851$0$0$26,742,690
99$39,829,763$0$0$29,372,241
100$43,751,798$0$0$32,266,913