Can I retire at age 54 with 879,000?

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 $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%19.8%
1 years$72,587$71,940$71,310$70,694$70,093$67,338
2 years$35,934$35,265$34,616$33,987$33,377$30,636
3 years$23,718$23,046$22,399$21,776$21,176$18,534
4 years$17,611$16,941$16,301$15,688$15,103$12,581
5 years$13,948$13,282$12,650$12,050$11,481$9,085
6 years$11,507$10,846$10,223$9,637$9,085$6,816
7 years$9,764$9,108$8,495$7,923$7,388$5,246
8 years$8,457$7,808$7,205$6,646$6,129$4,112
9 years$7,441$6,798$6,206$5,661$5,162$3,266
10 years$6,629$5,992$5,410$4,880$4,398$2,620
11 years$5,965$5,334$4,763$4,247$3,782$2,118
12 years$5,412$4,788$4,227$3,725$3,278$1,723
13 years$4,945$4,327$3,777$3,289$2,858$1,408
14 years$4,544$3,933$3,393$2,919$2,506$1,155
15 years$4,197$3,593$3,064$2,604$2,206$951
16 years$3,894$3,296$2,778$2,331$1,950$784
17 years$3,627$3,036$2,528$2,095$1,729$648
18 years$3,390$2,805$2,307$1,888$1,537$537
19 years$3,178$2,600$2,112$1,706$1,370$445
20 years$2,987$2,416$1,939$1,545$1,224$370
21 years$2,815$2,250$1,783$1,402$1,095$307
22 years$2,659$2,101$1,643$1,275$982$255
23 years$2,516$1,965$1,517$1,161$881$212
24 years$2,386$1,841$1,403$1,059$792$177
25 years$2,266$1,727$1,300$967$713$147
26 years$2,156$1,624$1,205$884$642$123
27 years$2,054$1,528$1,119$809$579$102
28 years$1,959$1,440$1,041$742$522$85
29 years$1,871$1,358$968$680$472$71
30 years$1,789$1,283$902$624$426$59
31 years$1,713$1,213$841$573$385$49
32 years$1,641$1,147$785$527$348$41
33 years$1,574$1,087$733$484$315$34
34 years$1,511$1,030$684$446$286$29
35 years$1,452$977$640$410$259$24
36 years$1,396$927$599$378$234$20
37 years$1,343$881$560$348$212$17
38 years$1,294$837$525$321$193$14
39 years$1,246$796$492$296$175$12
40 years$1,202$757$461$273$158$10
41 years$1,159$721$432$252$144$8
42 years$1,119$686$405$232$130$7
43 years$1,081$654$380$214$118$6
44 years$1,044$623$357$198$107$5
45 years$1,010$594$335$183$97$4
46 years$977$567$315$169$89$3
47 years$945$541$296$156$80$3
48 years$915$517$278$144$73$2
49 years$886$493$261$133$66$2
50 years$858$471$246$123$60$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $879,000, adding $4,824 every year, while hoping to spend $30,628 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: 61/14/25 Blend
53$879,000$879,000$879,000$879,000
54$973,634$927,047$913,422$1,026,262
55$1,040,357$939,884$911,434$1,075,396
56$1,112,859$952,324$908,353$1,125,243
57$1,191,697$964,315$904,109$1,178,987
58$1,277,484$975,801$898,631$1,237,011
59$1,370,896$986,723$891,843$1,299,741
60$1,472,673$997,018$883,666$1,367,647
61$1,583,632$1,006,619$874,016$1,441,245
62$1,704,673$1,015,454$862,806$1,521,109
63$1,836,785$1,023,446$849,945$1,607,866
64$1,981,057$1,030,514$835,338$1,702,215
65$2,138,687$1,036,572$818,884$1,804,920
66$2,310,996$1,041,527$800,479$1,916,831
67$2,499,436$1,045,281$780,014$2,038,879
68$2,705,609$1,047,729$757,374$2,172,098
69$2,931,274$1,048,761$732,439$2,317,622
70$3,178,372$1,048,259$705,085$2,476,708
71$3,449,040$1,046,097$675,179$2,650,739
72$3,745,630$1,042,144$642,585$2,841,241
73$4,070,733$1,036,258$607,161$3,049,900
74$4,427,203$1,028,289$568,756$3,278,571
75$4,818,182$1,018,080$527,213$3,529,306
76$5,247,132$1,005,461$482,370$3,804,363
77$5,717,866$990,255$434,056$4,106,236
78$6,234,584$972,274$382,093$4,437,675
79$6,801,913$951,316$326,294$4,801,712
80$7,424,948$927,170$266,465$5,201,691
81$8,109,304$899,613$202,402$5,641,302
82$8,861,164$868,406$133,895$6,124,613
83$9,687,344$833,298$60,721$6,656,108
84$10,595,347$794,024$0$7,240,736
85$11,593,443$750,301$0$7,888,584
86$12,690,742$701,834$0$8,618,622
87$13,897,280$648,307$0$9,421,334
88$15,224,117$589,388$0$10,304,106
89$16,683,434$524,725$0$11,275,075
90$18,288,654$453,947$0$12,343,209
91$20,054,568$376,661$0$13,518,391
92$21,997,470$292,453$0$14,811,515
93$24,135,314$200,886$0$16,234,584
94$26,487,882$101,495$0$17,800,827
95$29,076,971$0$0$19,524,825
96$31,926,598$0$0$21,423,602
97$35,063,227$0$0$23,530,906
98$38,516,014$0$0$25,850,701
99$42,317,091$0$0$28,404,584
100$46,501,860$0$0$31,216,352