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%17.1%
1 years$72,587$71,940$71,310$70,694$70,093$68,067
2 years$35,934$35,265$34,616$33,987$33,377$31,353
3 years$23,718$23,046$22,399$21,776$21,176$19,216
4 years$17,611$16,941$16,301$15,688$15,103$13,222
5 years$13,948$13,282$12,650$12,050$11,481$9,685
6 years$11,507$10,846$10,223$9,637$9,085$7,374
7 years$9,764$9,108$8,495$7,923$7,388$5,764
8 years$8,457$7,808$7,205$6,646$6,129$4,591
9 years$7,441$6,798$6,206$5,661$5,162$3,707
10 years$6,629$5,992$5,410$4,880$4,398$3,025
11 years$5,965$5,334$4,763$4,247$3,782$2,489
12 years$5,412$4,788$4,227$3,725$3,278$2,061
13 years$4,945$4,327$3,777$3,289$2,858$1,716
14 years$4,544$3,933$3,393$2,919$2,506$1,434
15 years$4,197$3,593$3,064$2,604$2,206$1,203
16 years$3,894$3,296$2,778$2,331$1,950$1,012
17 years$3,627$3,036$2,528$2,095$1,729$853
18 years$3,390$2,805$2,307$1,888$1,537$721
19 years$3,178$2,600$2,112$1,706$1,370$610
20 years$2,987$2,416$1,939$1,545$1,224$517
21 years$2,815$2,250$1,783$1,402$1,095$439
22 years$2,659$2,101$1,643$1,275$982$373
23 years$2,516$1,965$1,517$1,161$881$317
24 years$2,386$1,841$1,403$1,059$792$269
25 years$2,266$1,727$1,300$967$713$229
26 years$2,156$1,624$1,205$884$642$195
27 years$2,054$1,528$1,119$809$579$166
28 years$1,959$1,440$1,041$742$522$142
29 years$1,871$1,358$968$680$472$121
30 years$1,789$1,283$902$624$426$103
31 years$1,713$1,213$841$573$385$88
32 years$1,641$1,147$785$527$348$75
33 years$1,574$1,087$733$484$315$64
34 years$1,511$1,030$684$446$286$55
35 years$1,452$977$640$410$259$47
36 years$1,396$927$599$378$234$40
37 years$1,343$881$560$348$212$34
38 years$1,294$837$525$321$193$29
39 years$1,246$796$492$296$175$25
40 years$1,202$757$461$273$158$21
41 years$1,159$721$432$252$144$18
42 years$1,119$686$405$232$130$15
43 years$1,081$654$380$214$118$13
44 years$1,044$623$357$198$107$11
45 years$1,010$594$335$183$97$10
46 years$977$567$315$169$89$8
47 years$945$541$296$156$80$7
48 years$915$517$278$144$73$6
49 years$886$493$261$133$66$5
50 years$858$471$246$123$60$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $879,000, adding $2,156 every year, while hoping to spend $55,697 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: 47/40/13 Blend
53$879,000$879,000$879,000$879,000
54$970,882$924,295$910,670$1,012,886
55$1,010,651$910,324$881,917$1,028,179
56$1,052,609$893,802$850,333$1,038,869
57$1,096,922$874,545$815,766$1,049,234
58$1,143,768$852,358$778,054$1,059,264
59$1,193,344$827,035$737,031$1,068,952
60$1,245,864$798,358$692,520$1,078,293
61$1,301,560$766,096$644,338$1,087,286
62$1,360,689$730,005$592,293$1,095,937
63$1,423,530$689,826$536,185$1,104,254
64$1,490,389$645,286$475,806$1,112,253
65$1,561,599$596,095$410,936$1,119,957
66$1,637,527$541,949$341,347$1,127,397
67$1,718,574$482,524$266,801$1,134,613
68$1,805,179$417,478$187,050$1,141,656
69$1,897,825$346,452$101,833$1,148,590
70$1,997,039$269,063$10,880$1,155,491
71$2,103,399$184,911$0$1,162,454
72$2,217,543$93,568$0$1,181,544
73$2,340,167$0$0$1,203,326
74$2,472,036$0$0$1,228,869
75$2,613,990$0$0$1,300,770
76$2,766,953$0$0$1,378,322
77$2,931,937$0$0$1,462,048
78$3,110,057$0$0$1,552,523
79$3,302,535$0$0$1,650,379
80$3,510,716$0$0$1,756,310
81$3,736,079$0$0$1,871,081
82$3,980,248$0$0$1,995,530
83$4,245,009$0$0$2,130,582
84$4,532,327$0$0$2,277,251
85$4,844,363$0$0$2,436,655
86$5,183,494$0$0$2,610,022
87$5,552,333$0$0$2,798,705
88$5,953,758$0$0$3,004,192
89$6,390,934$0$0$3,228,118
90$6,867,343$0$0$3,472,286
91$7,386,819$0$0$3,738,679
92$7,953,580$0$0$4,029,479
93$8,572,269$0$0$4,347,088
94$9,247,999$0$0$4,694,151
95$9,986,396$0$0$5,073,580
96$10,793,655$0$0$5,488,581
97$11,676,597$0$0$5,942,682
98$12,642,732$0$0$6,439,772
99$13,700,329$0$0$6,984,129
100$14,858,494$0$0$7,580,466