Can I retire at age 54 with 878,000?

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 $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%11.1%
1 years$72,504$71,859$71,228$70,613$70,013$69,689
2 years$35,893$35,225$34,577$33,949$33,340$33,012
3 years$23,691$23,020$22,374$21,751$21,152$20,832
4 years$17,591$16,922$16,282$15,671$15,086$14,775
5 years$13,932$13,267$12,636$12,037$11,468$11,168
6 years$11,494$10,834$10,212$9,626$9,074$8,785
7 years$9,753$9,098$8,486$7,914$7,380$7,101
8 years$8,447$7,799$7,197$6,639$6,122$5,855
9 years$7,433$6,790$6,198$5,655$5,156$4,899
10 years$6,622$5,985$5,404$4,874$4,393$4,147
11 years$5,958$5,328$4,758$4,242$3,778$3,543
12 years$5,406$4,782$4,222$3,721$3,274$3,050
13 years$4,939$4,322$3,772$3,285$2,855$2,641
14 years$4,539$3,928$3,389$2,916$2,503$2,299
15 years$4,193$3,589$3,060$2,601$2,204$2,009
16 years$3,890$3,293$2,775$2,329$1,948$1,763
17 years$3,623$3,032$2,525$2,092$1,727$1,551
18 years$3,386$2,802$2,305$1,886$1,535$1,369
19 years$3,174$2,597$2,110$1,704$1,369$1,211
20 years$2,984$2,413$1,936$1,543$1,222$1,073
21 years$2,812$2,248$1,781$1,400$1,094$953
22 years$2,656$2,098$1,642$1,273$981$847
23 years$2,514$1,962$1,516$1,160$880$754
24 years$2,383$1,839$1,402$1,058$791$672
25 years$2,264$1,725$1,298$966$712$600
26 years$2,153$1,622$1,204$883$641$536
27 years$2,051$1,526$1,118$808$578$479
28 years$1,957$1,438$1,039$741$522$428
29 years$1,869$1,357$967$679$471$384
30 years$1,787$1,281$901$623$426$344
31 years$1,711$1,211$840$572$385$308
32 years$1,639$1,146$784$526$348$276
33 years$1,572$1,085$732$484$315$248
34 years$1,509$1,029$684$445$285$222
35 years$1,450$976$639$410$258$199
36 years$1,394$926$598$377$234$179
37 years$1,342$880$560$348$212$161
38 years$1,292$836$524$321$192$144
39 years$1,245$795$491$296$174$130
40 years$1,200$756$460$273$158$117
41 years$1,158$720$432$251$144$105
42 years$1,118$686$405$232$130$94
43 years$1,080$653$380$214$118$85
44 years$1,043$623$357$198$107$76
45 years$1,009$594$335$183$97$68
46 years$975$566$314$169$88$62
47 years$944$541$295$156$80$55
48 years$914$516$278$144$73$50
49 years$885$493$261$133$66$45
50 years$857$471$245$123$60$40

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $878,000, adding $3,376 every year, while hoping to spend $42,833 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: 71/13/16 Blend
53$878,000$878,000$878,000$878,000
54$971,038$924,504$910,895$1,036,167
55$1,024,510$924,231$895,836$1,079,605
56$1,082,001$922,509$878,837$1,121,662
57$1,143,874$919,221$859,788$1,166,600
58$1,210,532$914,245$838,573$1,214,695
59$1,282,413$907,450$815,072$1,266,256
60$1,360,000$898,697$789,158$1,321,620
61$1,443,825$887,838$760,700$1,381,161
62$1,534,471$874,718$729,559$1,445,291
63$1,632,580$859,171$695,592$1,514,466
64$1,738,855$841,023$658,647$1,589,189
65$1,854,073$820,088$618,566$1,670,015
66$1,979,085$796,169$575,185$1,757,556
67$2,114,830$769,059$528,331$1,852,491
68$2,262,337$738,538$477,825$1,955,565
69$2,422,742$704,372$423,479$2,067,604
70$2,597,292$666,317$365,096$2,189,518
71$2,787,360$624,111$302,471$2,322,312
72$2,994,457$577,478$235,390$2,467,096
73$3,220,246$526,129$163,629$2,625,093
74$3,466,557$469,755$86,956$2,797,656
75$3,735,403$408,030$5,127$2,986,276
76$4,029,002$340,612$0$3,192,598
77$4,349,795$267,136$0$3,432,474
78$4,700,468$187,220$0$3,695,719
79$5,083,981$100,459$0$3,983,717
80$5,503,590$6,424$0$4,298,958
81$5,962,881$0$0$4,644,187
82$6,465,805$0$0$5,036,066
83$7,016,711$0$0$5,466,384
84$7,620,388$0$0$5,937,969
85$8,282,111$0$0$6,454,947
86$9,007,690$0$0$7,021,862
87$9,803,524$0$0$7,643,721
88$10,676,659$0$0$8,326,037
89$11,634,859$0$0$9,074,883
90$12,686,675$0$0$9,896,948
91$13,841,525$0$0$10,799,601
92$15,109,786$0$0$11,790,960
93$16,502,887$0$0$12,879,965
94$18,033,418$0$0$14,076,469
95$19,715,253$0$0$15,391,323
96$21,563,670$0$0$16,836,482
97$23,595,506$0$0$18,425,117
98$25,829,308$0$0$20,171,739
99$28,285,511$0$0$22,092,336
100$30,986,627$0$0$24,204,521