Can I retire at age 54 with 881,000?

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 $881,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.9%
1 years$72,752$72,104$71,472$70,855$70,252$68,834
2 years$36,016$35,345$34,695$34,065$33,453$32,031
3 years$23,772$23,098$22,450$21,826$21,224$19,841
4 years$17,651$16,980$16,338$15,724$15,137$13,805
5 years$13,980$13,312$12,679$12,078$11,507$10,229
6 years$11,533$10,871$10,246$9,659$9,105$7,883
7 years$9,786$9,129$8,515$7,941$7,405$6,239
8 years$8,476$7,825$7,221$6,661$6,143$5,033
9 years$7,458$6,813$6,220$5,674$5,173$4,118
10 years$6,644$6,006$5,422$4,891$4,408$3,407
11 years$5,979$5,346$4,774$4,257$3,791$2,843
12 years$5,424$4,799$4,237$3,734$3,285$2,388
13 years$4,956$4,337$3,785$3,296$2,865$2,018
14 years$4,554$3,942$3,401$2,926$2,511$1,712
15 years$4,207$3,601$3,071$2,610$2,211$1,459
16 years$3,903$3,304$2,784$2,337$1,954$1,246
17 years$3,635$3,043$2,533$2,099$1,733$1,068
18 years$3,398$2,812$2,313$1,892$1,541$917
19 years$3,185$2,606$2,117$1,710$1,373$789
20 years$2,994$2,421$1,943$1,548$1,227$680
21 years$2,822$2,255$1,787$1,405$1,098$587
22 years$2,665$2,105$1,647$1,278$984$507
23 years$2,522$1,969$1,521$1,164$883$438
24 years$2,391$1,845$1,406$1,061$794$379
25 years$2,271$1,731$1,303$969$714$329
26 years$2,161$1,627$1,208$886$643$285
27 years$2,058$1,531$1,122$811$580$247
28 years$1,964$1,443$1,043$743$523$214
29 years$1,875$1,361$971$682$473$186
30 years$1,793$1,286$904$625$427$161
31 years$1,717$1,215$843$574$386$140
32 years$1,645$1,150$786$528$349$122
33 years$1,578$1,089$734$485$316$106
34 years$1,515$1,032$686$447$286$92
35 years$1,455$979$641$411$259$80
36 years$1,399$929$600$379$235$70
37 years$1,346$883$562$349$213$60
38 years$1,296$839$526$322$193$53
39 years$1,249$798$493$297$175$46
40 years$1,204$759$462$274$159$40
41 years$1,162$722$433$252$144$35
42 years$1,122$688$406$233$131$30
43 years$1,083$655$381$215$119$26
44 years$1,047$625$358$199$108$23
45 years$1,012$596$336$183$98$20
46 years$979$568$316$169$89$17
47 years$947$542$296$156$81$15
48 years$917$518$279$145$73$13
49 years$888$494$262$134$66$11
50 years$860$472$246$123$60$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $881,000, adding $6,711 every year, while hoping to spend $47,106 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: 50/29/21 Blend
53$881,000$881,000$881,000$881,000
54$977,784$931,091$917,436$1,020,622
55$1,027,398$926,594$898,050$1,046,505
56$1,080,493$920,298$876,435$1,069,268
57$1,137,376$912,065$852,468$1,093,022
58$1,198,381$901,749$826,018$1,117,878
59$1,263,875$889,194$796,949$1,143,962
60$1,334,263$874,237$765,119$1,171,417
61$1,409,987$856,704$730,380$1,200,400
62$1,491,532$836,409$692,575$1,231,090
63$1,579,434$813,159$651,541$1,263,687
64$1,674,278$786,745$607,110$1,298,414
65$1,776,710$756,951$559,103$1,335,522
66$1,887,436$723,544$507,335$1,375,289
67$2,007,236$686,279$451,612$1,418,029
68$2,136,965$644,897$391,732$1,464,090
69$2,277,563$599,125$327,483$1,513,862
70$2,430,065$548,673$258,644$1,567,779
71$2,595,609$493,235$184,986$1,626,323
72$2,775,445$432,487$106,266$1,690,035
73$2,970,949$366,087$22,235$1,759,514
74$3,183,635$293,675$0$1,835,427
75$3,415,169$214,869$0$1,933,630
76$3,667,385$129,265$0$2,046,134
77$3,942,297$36,439$0$2,168,934
78$4,242,128$0$0$2,303,115
79$4,569,319$0$0$2,470,323
80$4,926,561$0$0$2,665,671
81$5,316,812$0$0$2,879,160
82$5,743,334$0$0$3,112,586
83$6,209,713$0$0$3,367,923
84$6,719,900$0$0$3,647,347
85$7,278,246$0$0$3,953,253
86$7,889,540$0$0$4,288,278
87$8,559,056$0$0$4,655,328
88$9,292,604$0$0$5,057,600
89$10,096,580$0$0$5,498,618
90$10,978,030$0$0$5,982,262
91$11,944,713$0$0$6,512,806
92$13,005,176$0$0$7,094,956
93$14,168,832$0$0$7,733,897
94$15,446,051$0$0$8,435,341
95$16,848,254$0$0$9,205,579
96$18,388,023$0$0$10,051,540
97$20,079,217$0$0$10,980,860
98$21,937,106$0$0$12,001,949
99$23,978,508$0$0$13,124,072
100$26,221,953$0$0$14,357,435