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%11%
1 years$72,752$72,104$71,472$70,855$70,252$69,956
2 years$36,016$35,345$34,695$34,065$33,453$33,155
3 years$23,772$23,098$22,450$21,826$21,224$20,932
4 years$17,651$16,980$16,338$15,724$15,137$14,854
5 years$13,980$13,312$12,679$12,078$11,507$11,233
6 years$11,533$10,871$10,246$9,659$9,105$8,841
7 years$9,786$9,129$8,515$7,941$7,405$7,151
8 years$8,476$7,825$7,221$6,661$6,143$5,899
9 years$7,458$6,813$6,220$5,674$5,173$4,939
10 years$6,644$6,006$5,422$4,891$4,408$4,183
11 years$5,979$5,346$4,774$4,257$3,791$3,576
12 years$5,424$4,799$4,237$3,734$3,285$3,080
13 years$4,956$4,337$3,785$3,296$2,865$2,669
14 years$4,554$3,942$3,401$2,926$2,511$2,325
15 years$4,207$3,601$3,071$2,610$2,211$2,033
16 years$3,903$3,304$2,784$2,337$1,954$1,785
17 years$3,635$3,043$2,533$2,099$1,733$1,572
18 years$3,398$2,812$2,313$1,892$1,541$1,388
19 years$3,185$2,606$2,117$1,710$1,373$1,229
20 years$2,994$2,421$1,943$1,548$1,227$1,090
21 years$2,822$2,255$1,787$1,405$1,098$968
22 years$2,665$2,105$1,647$1,278$984$861
23 years$2,522$1,969$1,521$1,164$883$768
24 years$2,391$1,845$1,406$1,061$794$685
25 years$2,271$1,731$1,303$969$714$611
26 years$2,161$1,627$1,208$886$643$547
27 years$2,058$1,531$1,122$811$580$489
28 years$1,964$1,443$1,043$743$523$438
29 years$1,875$1,361$971$682$473$392
30 years$1,793$1,286$904$625$427$352
31 years$1,717$1,215$843$574$386$315
32 years$1,645$1,150$786$528$349$283
33 years$1,578$1,089$734$485$316$254
34 years$1,515$1,032$686$447$286$228
35 years$1,455$979$641$411$259$205
36 years$1,399$929$600$379$235$184
37 years$1,346$883$562$349$213$165
38 years$1,296$839$526$322$193$149
39 years$1,249$798$493$297$175$134
40 years$1,204$759$462$274$159$120
41 years$1,162$722$433$252$144$108
42 years$1,122$688$406$233$131$97
43 years$1,083$655$381$215$119$88
44 years$1,047$625$358$199$108$79
45 years$1,012$596$336$183$98$71
46 years$979$568$316$169$89$64
47 years$947$542$296$156$81$57
48 years$917$518$279$145$73$52
49 years$888$494$262$134$66$47
50 years$860$472$246$123$60$42

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $881,000, adding $4,701 every year, while hoping to spend $22,735 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: 55/16/29 Blend
53$881,000$881,000$881,000$881,000
54$975,711$929,018$915,363$1,021,296
55$1,051,044$950,350$921,837$1,074,615
56$1,133,298$971,965$927,767$1,129,930
57$1,223,157$993,854$933,109$1,189,726
58$1,321,370$1,016,004$937,820$1,254,443
59$1,428,765$1,038,404$941,852$1,324,565
60$1,546,252$1,061,038$945,157$1,400,626
61$1,674,832$1,083,891$947,682$1,483,217
62$1,815,610$1,106,947$949,374$1,572,987
63$1,969,801$1,130,186$950,177$1,670,652
64$2,138,742$1,153,586$950,029$1,777,003
65$2,323,908$1,177,126$948,870$1,892,909
66$2,526,922$1,200,781$946,632$2,019,332
67$2,749,571$1,224,522$943,248$2,157,329
68$2,993,825$1,248,322$938,644$2,308,068
69$3,261,853$1,272,147$932,746$2,472,835
70$3,556,043$1,295,964$925,475$2,653,048
71$3,879,028$1,319,734$916,746$2,850,272
72$4,233,705$1,343,417$906,473$3,066,230
73$4,623,268$1,366,970$894,566$3,302,824
74$5,051,235$1,390,345$880,927$3,562,148
75$5,521,481$1,413,493$865,459$3,846,514
76$6,038,276$1,436,357$848,055$4,158,469
77$6,606,322$1,458,880$828,606$4,500,821
78$7,230,801$1,481,000$806,999$4,876,665
79$7,917,422$1,502,648$783,113$5,289,415
80$8,672,474$1,523,753$756,822$5,742,833
81$9,502,887$1,544,237$727,996$6,241,067
82$10,416,296$1,564,019$696,498$6,788,689
83$11,421,111$1,583,010$662,184$7,390,740
84$12,526,603$1,601,115$624,905$8,052,778
85$13,742,981$1,618,234$584,504$8,780,927
86$15,081,497$1,634,260$540,818$9,581,941
87$16,554,550$1,649,079$493,675$10,463,263
88$18,175,798$1,662,568$442,897$11,433,098
89$19,960,293$1,674,597$388,298$12,500,491
90$21,924,619$1,685,029$329,682$13,675,413
91$24,087,050$1,693,715$266,847$14,968,854
92$26,467,723$1,700,500$199,579$16,392,929
93$29,088,823$1,705,217$127,657$17,960,990
94$31,974,799$1,707,689$50,850$19,687,757
95$35,152,591$1,707,728$0$21,589,454
96$38,651,883$1,705,134$0$23,693,593
97$42,505,385$1,699,696$0$26,027,673
98$46,749,141$1,691,188$0$28,597,752
99$51,422,868$1,679,371$0$31,427,862
100$56,570,334$1,663,993$0$34,544,485