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%11.5%
1 years$72,835$72,186$71,553$70,935$70,332$69,889
2 years$36,057$35,385$34,734$34,103$33,491$33,044
3 years$23,799$23,125$22,475$21,850$21,248$20,811
4 years$17,671$16,999$16,356$15,742$15,154$14,731
5 years$13,996$13,327$12,693$12,091$11,520$11,111
6 years$11,546$10,883$10,258$9,670$9,116$8,721
7 years$9,797$9,139$8,524$7,950$7,413$7,035
8 years$8,486$7,834$7,229$6,669$6,150$5,787
9 years$7,467$6,821$6,227$5,680$5,179$4,831
10 years$6,652$6,012$5,429$4,897$4,413$4,080
11 years$5,985$5,353$4,779$4,262$3,795$3,477
12 years$5,431$4,804$4,241$3,738$3,289$2,985
13 years$4,961$4,342$3,789$3,300$2,868$2,579
14 years$4,560$3,946$3,405$2,929$2,514$2,239
15 years$4,212$3,605$3,074$2,613$2,214$1,952
16 years$3,908$3,308$2,787$2,339$1,956$1,708
17 years$3,640$3,046$2,536$2,102$1,735$1,499
18 years$3,402$2,815$2,315$1,894$1,542$1,319
19 years$3,189$2,609$2,119$1,711$1,375$1,163
20 years$2,998$2,424$1,945$1,550$1,228$1,028
21 years$2,825$2,258$1,789$1,407$1,099$910
22 years$2,668$2,108$1,649$1,279$985$806
23 years$2,525$1,971$1,523$1,165$884$716
24 years$2,394$1,847$1,408$1,062$795$636
25 years$2,274$1,733$1,304$970$715$566
26 years$2,163$1,629$1,210$887$644$504
27 years$2,061$1,533$1,123$812$581$449
28 years$1,966$1,445$1,044$744$524$400
29 years$1,878$1,363$972$682$473$357
30 years$1,795$1,287$905$626$428$319
31 years$1,719$1,217$844$575$387$285
32 years$1,647$1,151$787$529$350$255
33 years$1,580$1,090$735$486$316$228
34 years$1,516$1,033$687$447$287$204
35 years$1,457$980$642$412$260$182
36 years$1,401$930$601$379$235$163
37 years$1,348$884$562$349$213$146
38 years$1,298$840$526$322$193$131
39 years$1,251$798$493$297$175$117
40 years$1,206$760$462$274$159$105
41 years$1,163$723$434$253$144$94
42 years$1,123$689$407$233$131$84
43 years$1,085$656$382$215$119$75
44 years$1,048$625$358$199$108$67
45 years$1,013$596$336$184$98$60
46 years$980$569$316$170$89$54
47 years$948$543$297$157$81$49
48 years$918$518$279$145$73$43
49 years$889$495$262$134$67$39
50 years$861$473$246$124$60$35

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $882,000, adding $6,254 every year, while hoping to spend $35,222 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: 48/41/11 Blend
53$882,000$882,000$882,000$882,000
54$978,415$931,669$917,998$1,022,137
55$1,040,737$939,845$911,275$1,061,050
56$1,108,236$947,241$903,146$1,099,097
57$1,181,402$953,782$893,528$1,139,607
58$1,260,775$959,387$882,331$1,182,822
59$1,346,948$963,971$869,463$1,229,007
60$1,440,575$967,443$854,828$1,278,458
61$1,542,373$969,707$838,324$1,331,503
62$1,653,132$970,660$819,845$1,388,503
63$1,773,723$970,193$799,281$1,449,858
64$1,905,100$968,191$776,514$1,516,012
65$2,048,317$964,529$751,425$1,587,455
66$2,204,533$959,079$723,885$1,664,729
67$2,375,023$951,701$693,762$1,748,434
68$2,561,189$942,248$660,917$1,839,234
69$2,764,578$930,566$625,206$1,937,863
70$2,986,890$916,489$586,475$2,045,132
71$3,229,999$899,842$544,568$2,161,939
72$3,495,965$880,441$499,317$2,289,277
73$3,787,060$858,089$450,551$2,428,243
74$4,105,783$832,579$398,087$2,580,049
75$4,454,888$803,690$341,739$2,746,036
76$4,837,407$771,191$281,307$2,927,685
77$5,256,679$734,836$216,587$3,126,634
78$5,716,381$694,363$147,363$3,344,691
79$6,220,563$649,499$73,411$3,583,856
80$6,773,687$599,951$0$3,846,335
81$7,380,666$545,411$0$4,135,216
82$8,046,913$485,556$0$4,461,782
83$8,778,390$420,040$0$4,820,415
84$9,581,665$348,500$0$5,214,432
85$10,463,971$270,554$0$5,647,494
86$11,433,280$185,794$0$6,123,642
87$12,498,371$93,794$0$6,647,338
88$13,668,916$0$0$7,223,502
89$14,955,572$0$0$7,860,228
90$16,370,077$0$0$8,606,848
91$17,925,368$0$0$9,427,888
92$19,635,692$0$0$10,330,883
93$21,516,751$0$0$11,324,136
94$23,585,841$0$0$12,416,795
95$25,862,022$0$0$13,618,940
96$28,366,291$0$0$14,941,676
97$31,121,786$0$0$16,397,239
98$34,153,998$0$0$17,999,112
99$37,491,017$0$0$19,762,152
100$41,163,790$0$0$21,702,725