Can I retire at age 54 with 879,000?

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 $879,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.6%
1 years$72,587$71,940$71,310$70,694$70,093$69,622
2 years$35,934$35,265$34,616$33,987$33,377$32,903
3 years$23,718$23,046$22,399$21,776$21,176$20,712
4 years$17,611$16,941$16,301$15,688$15,103$14,653
5 years$13,948$13,282$12,650$12,050$11,481$11,047
6 years$11,507$10,846$10,223$9,637$9,085$8,666
7 years$9,764$9,108$8,495$7,923$7,388$6,986
8 years$8,457$7,808$7,205$6,646$6,129$5,744
9 years$7,441$6,798$6,206$5,661$5,162$4,792
10 years$6,629$5,992$5,410$4,880$4,398$4,045
11 years$5,965$5,334$4,763$4,247$3,782$3,445
12 years$5,412$4,788$4,227$3,725$3,278$2,956
13 years$4,945$4,327$3,777$3,289$2,858$2,552
14 years$4,544$3,933$3,393$2,919$2,506$2,214
15 years$4,197$3,593$3,064$2,604$2,206$1,929
16 years$3,894$3,296$2,778$2,331$1,950$1,686
17 years$3,627$3,036$2,528$2,095$1,729$1,479
18 years$3,390$2,805$2,307$1,888$1,537$1,300
19 years$3,178$2,600$2,112$1,706$1,370$1,146
20 years$2,987$2,416$1,939$1,545$1,224$1,012
21 years$2,815$2,250$1,783$1,402$1,095$895
22 years$2,659$2,101$1,643$1,275$982$793
23 years$2,516$1,965$1,517$1,161$881$703
24 years$2,386$1,841$1,403$1,059$792$625
25 years$2,266$1,727$1,300$967$713$555
26 years$2,156$1,624$1,205$884$642$494
27 years$2,054$1,528$1,119$809$579$440
28 years$1,959$1,440$1,041$742$522$392
29 years$1,871$1,358$968$680$472$349
30 years$1,789$1,283$902$624$426$312
31 years$1,713$1,213$841$573$385$278
32 years$1,641$1,147$785$527$348$248
33 years$1,574$1,087$733$484$315$222
34 years$1,511$1,030$684$446$286$198
35 years$1,452$977$640$410$259$177
36 years$1,396$927$599$378$234$158
37 years$1,343$881$560$348$212$142
38 years$1,294$837$525$321$193$127
39 years$1,246$796$492$296$175$113
40 years$1,202$757$461$273$158$101
41 years$1,159$721$432$252$144$91
42 years$1,119$686$405$232$130$81
43 years$1,081$654$380$214$118$73
44 years$1,044$623$357$198$107$65
45 years$1,010$594$335$183$97$58
46 years$977$567$315$169$89$52
47 years$945$541$296$156$80$47
48 years$915$517$278$144$73$42
49 years$886$493$261$133$66$37
50 years$858$471$246$123$60$34

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $879,000, adding $4,164 every year, while hoping to spend $41,340 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: 42/49/9 Blend
53$879,000$879,000$879,000$879,000
54$972,953$926,366$912,742$1,011,082
55$1,028,209$927,773$899,333$1,039,505
56$1,087,715$927,863$884,090$1,065,772
57$1,151,862$926,528$866,907$1,093,277
58$1,221,078$923,653$847,674$1,122,150
59$1,295,833$919,117$826,276$1,152,533
60$1,376,644$912,790$802,592$1,184,591
61$1,464,080$904,536$776,498$1,218,503
62$1,558,766$894,207$747,860$1,254,471
63$1,661,388$881,652$716,541$1,292,722
64$1,772,702$866,705$682,398$1,333,508
65$1,893,538$849,194$645,279$1,377,111
66$2,024,811$828,936$605,027$1,423,844
67$2,167,524$805,736$561,478$1,474,058
68$2,322,783$779,390$514,460$1,528,143
69$2,491,806$749,678$463,793$1,586,533
70$2,675,930$716,373$409,290$1,649,714
71$2,876,628$679,228$350,754$1,718,222
72$3,095,522$637,988$287,982$1,792,657
73$3,334,396$592,380$220,760$1,873,686
74$3,595,213$542,116$148,865$1,962,048
75$3,880,136$486,890$72,063$2,058,566
76$4,191,545$426,383$0$2,164,154
77$4,532,060$360,253$0$2,280,778
78$4,904,566$288,142$0$2,416,059
79$5,312,241$209,669$0$2,564,346
80$5,758,581$124,435$0$2,727,052
81$6,247,440$32,016$0$2,905,741
82$6,783,059$0$0$3,102,148
83$7,370,110$0$0$3,354,876
84$8,013,739$0$0$3,651,000
85$8,719,612$0$0$3,975,876
86$9,493,970$0$0$4,332,393
87$10,343,690$0$0$4,723,731
88$11,276,343$0$0$5,153,392
89$12,300,270$0$0$5,625,236
90$13,424,662$0$0$6,143,513
91$14,659,639$0$0$6,712,906
92$16,016,351$0$0$7,338,574
93$17,507,084$0$0$8,026,199
94$19,145,368$0$0$8,782,045
95$20,946,114$0$0$9,613,007
96$22,925,745$0$0$10,526,686
97$25,102,356$0$0$11,531,454
98$27,495,885$0$0$12,636,537
99$30,128,297$0$0$13,852,098
100$33,023,790$0$0$15,189,336