Can I retire at age 54 with 882,000?

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 $882,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%20%
1 years$72,835$72,186$71,553$70,935$70,332$67,515
2 years$36,057$35,385$34,734$34,103$33,491$30,689
3 years$23,799$23,125$22,475$21,850$21,248$18,548
4 years$17,671$16,999$16,356$15,742$15,154$12,577
5 years$13,996$13,327$12,693$12,091$11,520$9,073
6 years$11,546$10,883$10,258$9,670$9,116$6,799
7 years$9,797$9,139$8,524$7,950$7,413$5,227
8 years$8,486$7,834$7,229$6,669$6,150$4,092
9 years$7,467$6,821$6,227$5,680$5,179$3,246
10 years$6,652$6,012$5,429$4,897$4,413$2,601
11 years$5,985$5,353$4,779$4,262$3,795$2,100
12 years$5,431$4,804$4,241$3,738$3,289$1,706
13 years$4,961$4,342$3,789$3,300$2,868$1,392
14 years$4,560$3,946$3,405$2,929$2,514$1,141
15 years$4,212$3,605$3,074$2,613$2,214$937
16 years$3,908$3,308$2,787$2,339$1,956$772
17 years$3,640$3,046$2,536$2,102$1,735$637
18 years$3,402$2,815$2,315$1,894$1,542$527
19 years$3,189$2,609$2,119$1,711$1,375$436
20 years$2,998$2,424$1,945$1,550$1,228$362
21 years$2,825$2,258$1,789$1,407$1,099$300
22 years$2,668$2,108$1,649$1,279$985$249
23 years$2,525$1,971$1,523$1,165$884$207
24 years$2,394$1,847$1,408$1,062$795$172
25 years$2,274$1,733$1,304$970$715$143
26 years$2,163$1,629$1,210$887$644$119
27 years$2,061$1,533$1,123$812$581$99
28 years$1,966$1,445$1,044$744$524$82
29 years$1,878$1,363$972$682$473$69
30 years$1,795$1,287$905$626$428$57
31 years$1,719$1,217$844$575$387$48
32 years$1,647$1,151$787$529$350$40
33 years$1,580$1,090$735$486$316$33
34 years$1,516$1,033$687$447$287$27
35 years$1,457$980$642$412$260$23
36 years$1,401$930$601$379$235$19
37 years$1,348$884$562$349$213$16
38 years$1,298$840$526$322$193$13
39 years$1,251$798$493$297$175$11
40 years$1,206$760$462$274$159$9
41 years$1,163$723$434$253$144$8
42 years$1,123$689$407$233$131$6
43 years$1,085$656$382$215$119$5
44 years$1,048$625$358$199$108$4
45 years$1,013$596$336$184$98$4
46 years$980$569$316$170$89$3
47 years$948$543$297$157$81$3
48 years$918$518$279$145$73$2
49 years$889$495$262$134$67$2
50 years$861$473$246$124$60$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $882,000, adding $4,320 every year, while hoping to spend $34,392 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: 76/18/6 Blend
53$882,000$882,000$882,000$882,000
54$976,420$929,674$916,003$1,049,720
55$1,039,422$938,635$910,096$1,107,438
56$1,107,698$946,883$902,839$1,165,829
57$1,181,748$954,346$894,150$1,228,824
58$1,262,126$960,948$883,943$1,296,863
59$1,349,437$966,608$872,129$1,370,436
60$1,444,348$971,241$858,614$1,450,078
61$1,547,595$974,755$843,301$1,536,382
62$1,659,984$977,053$826,086$1,629,999
63$1,782,405$978,031$806,863$1,731,649
64$1,915,836$977,579$785,518$1,842,121
65$2,061,352$975,582$761,934$1,962,289
66$2,220,140$971,915$735,988$2,093,115
67$2,393,502$966,448$707,552$2,235,657
68$2,582,875$959,039$676,491$2,391,083
69$2,789,840$949,543$642,665$2,560,682
70$3,016,135$937,802$605,925$2,745,870
71$3,263,676$923,650$566,120$2,948,213
72$3,534,574$906,912$523,087$3,169,434
73$3,831,150$887,400$476,661$3,411,432
74$4,155,963$864,918$426,664$3,676,301
75$4,511,829$839,257$372,915$3,966,351
76$4,901,849$810,195$315,221$4,284,126
77$5,329,441$777,497$253,385$4,632,429
78$5,798,367$740,917$187,196$5,014,354
79$6,312,771$700,193$116,437$5,433,308
80$6,877,218$655,046$40,882$5,893,048
81$7,496,735$605,185$0$6,397,715
82$8,176,861$550,298$0$6,954,419
83$8,923,697$490,059$0$7,568,605
84$9,743,964$424,122$0$8,243,217
85$10,645,065$352,120$0$8,984,386
86$11,635,154$273,667$0$9,798,869
87$12,723,219$188,355$0$10,694,116
88$13,919,156$95,753$0$11,678,334
89$15,233,871$0$0$12,760,571
90$16,679,378$0$0$13,951,709
91$18,268,915$0$0$15,282,422
92$20,017,063$0$0$16,745,960
93$21,939,891$0$0$18,355,777
94$24,055,102$0$0$20,126,699
95$26,382,200$0$0$22,075,063
96$28,942,678$0$0$24,218,867
97$31,760,213$0$0$26,577,941
98$34,860,896$0$0$29,174,136
99$38,273,474$0$0$32,031,528
100$42,029,624$0$0$35,176,645