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%15%
1 years$72,752$72,104$71,472$70,855$70,252$68,806
2 years$36,016$35,345$34,695$34,065$33,453$32,003
3 years$23,772$23,098$22,450$21,826$21,224$19,814
4 years$17,651$16,980$16,338$15,724$15,137$13,779
5 years$13,980$13,312$12,679$12,078$11,507$10,205
6 years$11,533$10,871$10,246$9,659$9,105$7,860
7 years$9,786$9,129$8,515$7,941$7,405$6,217
8 years$8,476$7,825$7,221$6,661$6,143$5,012
9 years$7,458$6,813$6,220$5,674$5,173$4,099
10 years$6,644$6,006$5,422$4,891$4,408$3,389
11 years$5,979$5,346$4,774$4,257$3,791$2,826
12 years$5,424$4,799$4,237$3,734$3,285$2,372
13 years$4,956$4,337$3,785$3,296$2,865$2,003
14 years$4,554$3,942$3,401$2,926$2,511$1,699
15 years$4,207$3,601$3,071$2,610$2,211$1,446
16 years$3,903$3,304$2,784$2,337$1,954$1,235
17 years$3,635$3,043$2,533$2,099$1,733$1,057
18 years$3,398$2,812$2,313$1,892$1,541$907
19 years$3,185$2,606$2,117$1,710$1,373$780
20 years$2,994$2,421$1,943$1,548$1,227$672
21 years$2,822$2,255$1,787$1,405$1,098$579
22 years$2,665$2,105$1,647$1,278$984$500
23 years$2,522$1,969$1,521$1,164$883$432
24 years$2,391$1,845$1,406$1,061$794$374
25 years$2,271$1,731$1,303$969$714$323
26 years$2,161$1,627$1,208$886$643$280
27 years$2,058$1,531$1,122$811$580$243
28 years$1,964$1,443$1,043$743$523$210
29 years$1,875$1,361$971$682$473$182
30 years$1,793$1,286$904$625$427$158
31 years$1,717$1,215$843$574$386$137
32 years$1,645$1,150$786$528$349$119
33 years$1,578$1,089$734$485$316$104
34 years$1,515$1,032$686$447$286$90
35 years$1,455$979$641$411$259$78
36 years$1,399$929$600$379$235$68
37 years$1,346$883$562$349$213$59
38 years$1,296$839$526$322$193$51
39 years$1,249$798$493$297$175$45
40 years$1,204$759$462$274$159$39
41 years$1,162$722$433$252$144$34
42 years$1,122$688$406$233$131$29
43 years$1,083$655$381$215$119$25
44 years$1,047$625$358$199$108$22
45 years$1,012$596$336$183$98$19
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 $2,347 every year, while hoping to spend $42,906 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: 39/50/11 Blend
53$881,000$881,000$881,000$881,000
54$973,283$926,590$912,934$1,007,916
55$1,026,906$926,341$897,866$1,032,386
56$1,084,561$924,642$880,855$1,054,438
57$1,146,613$921,377$861,791$1,077,327
58$1,213,465$916,421$840,557$1,101,150
59$1,285,557$909,644$817,035$1,126,012
60$1,363,374$900,908$791,096$1,152,036
61$1,447,450$890,064$762,609$1,179,358
62$1,538,369$876,956$731,436$1,208,132
63$1,636,775$861,420$697,432$1,238,532
64$1,743,376$843,279$660,446$1,270,753
65$1,858,949$822,348$620,319$1,305,013
66$1,984,350$798,431$576,888$1,341,559
67$2,120,518$771,319$529,978$1,380,666
68$2,268,490$740,793$479,411$1,422,643
69$2,429,402$706,618$424,998$1,467,835
70$2,604,508$668,549$366,542$1,516,630
71$2,795,185$626,324$303,838$1,569,460
72$3,002,948$579,669$236,672$1,626,806
73$3,229,467$528,291$164,818$1,689,209
74$3,476,578$471,883$88,045$1,757,269
75$3,746,302$410,118$6,108$1,831,656
76$4,040,864$342,653$0$1,913,118
77$4,362,713$269,124$0$2,012,033
78$4,714,546$189,147$0$2,121,166
79$5,099,331$102,316$0$2,240,862
80$5,520,337$8,204$0$2,372,301
81$5,981,163$0$0$2,516,794
82$6,485,772$0$0$2,727,314
83$7,038,529$0$0$2,962,984
84$7,644,241$0$0$3,221,353
85$8,308,200$0$0$3,504,693
86$9,036,237$0$0$3,815,510
87$9,834,772$0$0$4,156,560
88$10,710,879$0$0$4,530,881
89$11,672,347$0$0$4,941,818
90$12,727,756$0$0$5,393,059
91$13,886,560$0$0$5,888,661
92$15,159,169$0$0$6,433,099
93$16,557,055$0$0$7,031,299
94$18,092,851$0$0$7,688,689
95$19,780,479$0$0$8,411,249
96$21,635,272$0$0$9,205,567
97$23,674,126$0$0$10,078,901
98$25,915,653$0$0$11,039,248
99$28,380,359$0$0$12,095,417
100$31,090,836$0$0$13,257,116