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%14.9%
1 years$72,835$72,186$71,553$70,935$70,332$68,912
2 years$36,057$35,385$34,734$34,103$33,491$32,067
3 years$23,799$23,125$22,475$21,850$21,248$19,864
4 years$17,671$16,999$16,356$15,742$15,154$13,821
5 years$13,996$13,327$12,693$12,091$11,520$10,241
6 years$11,546$10,883$10,258$9,670$9,116$7,892
7 years$9,797$9,139$8,524$7,950$7,413$6,246
8 years$8,486$7,834$7,229$6,669$6,150$5,039
9 years$7,467$6,821$6,227$5,680$5,179$4,123
10 years$6,652$6,012$5,429$4,897$4,413$3,411
11 years$5,985$5,353$4,779$4,262$3,795$2,846
12 years$5,431$4,804$4,241$3,738$3,289$2,391
13 years$4,961$4,342$3,789$3,300$2,868$2,020
14 years$4,560$3,946$3,405$2,929$2,514$1,714
15 years$4,212$3,605$3,074$2,613$2,214$1,460
16 years$3,908$3,308$2,787$2,339$1,956$1,248
17 years$3,640$3,046$2,536$2,102$1,735$1,069
18 years$3,402$2,815$2,315$1,894$1,542$918
19 years$3,189$2,609$2,119$1,711$1,375$790
20 years$2,998$2,424$1,945$1,550$1,228$681
21 years$2,825$2,258$1,789$1,407$1,099$587
22 years$2,668$2,108$1,649$1,279$985$507
23 years$2,525$1,971$1,523$1,165$884$439
24 years$2,394$1,847$1,408$1,062$795$380
25 years$2,274$1,733$1,304$970$715$329
26 years$2,163$1,629$1,210$887$644$285
27 years$2,061$1,533$1,123$812$581$247
28 years$1,966$1,445$1,044$744$524$215
29 years$1,878$1,363$972$682$473$186
30 years$1,795$1,287$905$626$428$162
31 years$1,719$1,217$844$575$387$140
32 years$1,647$1,151$787$529$350$122
33 years$1,580$1,090$735$486$316$106
34 years$1,516$1,033$687$447$287$92
35 years$1,457$980$642$412$260$80
36 years$1,401$930$601$379$235$70
37 years$1,348$884$562$349$213$61
38 years$1,298$840$526$322$193$53
39 years$1,251$798$493$297$175$46
40 years$1,206$760$462$274$159$40
41 years$1,163$723$434$253$144$35
42 years$1,123$689$407$233$131$30
43 years$1,085$656$382$215$119$26
44 years$1,048$625$358$199$108$23
45 years$1,013$596$336$184$98$20
46 years$980$569$316$170$89$17
47 years$948$543$297$157$81$15
48 years$918$518$279$145$73$13
49 years$889$495$262$134$67$11
50 years$861$473$246$124$60$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $882,000, adding $5,688 every year, while hoping to spend $55,464 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: 58/30/12 Blend
53$882,000$882,000$882,000$882,000
54$977,831$931,085$917,414$1,031,324
55$1,018,557$917,695$889,134$1,054,686
56$1,061,577$901,790$858,048$1,073,467
57$1,107,069$883,188$824,003$1,092,616
58$1,155,222$861,697$786,840$1,112,176
59$1,206,247$837,112$746,391$1,132,194
60$1,260,372$809,218$702,483$1,152,729
61$1,317,847$777,787$654,933$1,173,845
62$1,378,945$742,577$603,552$1,195,618
63$1,443,966$703,331$548,139$1,218,134
64$1,513,237$659,781$488,488$1,241,491
65$1,587,115$611,638$424,380$1,265,802
66$1,665,995$558,602$355,591$1,291,194
67$1,750,305$500,353$281,882$1,317,813
68$1,840,518$436,552$203,007$1,345,824
69$1,937,151$366,843$118,708$1,375,412
70$2,040,771$290,849$28,715$1,406,789
71$2,151,999$208,170$0$1,440,191
72$2,271,520$118,388$0$1,484,508
73$2,400,083$21,056$0$1,535,905
74$2,538,510$0$0$1,591,078
75$2,687,706$0$0$1,678,278
76$2,848,663$0$0$1,779,908
77$3,022,472$0$0$1,889,714
78$3,210,332$0$0$2,008,459
79$3,413,561$0$0$2,136,986
80$3,633,605$0$0$2,276,217
81$3,872,058$0$0$2,427,170
82$4,130,669$0$0$2,590,962
83$4,411,364$0$0$2,768,821
84$4,716,260$0$0$2,962,100
85$5,047,686$0$0$3,172,285
86$5,408,203$0$0$3,401,013
87$5,800,632$0$0$3,650,083
88$6,228,073$0$0$3,921,477
89$6,693,941$0$0$4,217,374
90$7,201,990$0$0$4,540,174
91$7,756,357$0$0$4,892,517
92$8,361,592$0$0$5,277,310
93$9,022,705$0$0$5,697,754
94$9,745,210$0$0$6,157,370
95$10,535,179$0$0$6,660,039
96$11,399,299$0$0$7,210,030
97$12,344,928$0$0$7,812,047
98$13,380,174$0$0$8,471,266
99$14,513,960$0$0$9,193,392
100$15,756,116$0$0$9,984,703