Can I retire at age 54 with 883,000?

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 $883,000?

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$72,917$72,268$71,634$71,016$70,412$69,968
2 years$36,098$35,425$34,774$34,142$33,529$33,082
3 years$23,826$23,151$22,501$21,875$21,272$20,835
4 years$17,691$17,018$16,375$15,760$15,172$14,747
5 years$14,012$13,343$12,708$12,105$11,533$11,124
6 years$11,559$10,895$10,270$9,681$9,126$8,731
7 years$9,808$9,150$8,534$7,959$7,422$7,043
8 years$8,496$7,843$7,238$6,677$6,157$5,793
9 years$7,475$6,829$6,234$5,687$5,185$4,837
10 years$6,659$6,019$5,435$4,902$4,418$4,085
11 years$5,992$5,359$4,785$4,266$3,800$3,481
12 years$5,437$4,810$4,246$3,742$3,293$2,989
13 years$4,967$4,346$3,794$3,304$2,871$2,581
14 years$4,565$3,951$3,409$2,933$2,517$2,241
15 years$4,216$3,609$3,078$2,615$2,216$1,954
16 years$3,912$3,311$2,790$2,342$1,959$1,709
17 years$3,644$3,050$2,539$2,104$1,737$1,500
18 years$3,405$2,818$2,318$1,896$1,544$1,320
19 years$3,192$2,612$2,122$1,713$1,376$1,164
20 years$3,001$2,427$1,947$1,552$1,229$1,029
21 years$2,828$2,261$1,791$1,408$1,100$911
22 years$2,671$2,110$1,651$1,281$986$807
23 years$2,528$1,974$1,524$1,166$885$717
24 years$2,397$1,849$1,410$1,064$796$637
25 years$2,277$1,735$1,306$971$716$567
26 years$2,166$1,631$1,211$888$645$504
27 years$2,063$1,535$1,124$813$581$450
28 years$1,968$1,446$1,045$745$525$401
29 years$1,880$1,364$973$683$474$358
30 years$1,797$1,289$906$627$428$319
31 years$1,721$1,218$845$576$387$285
32 years$1,649$1,153$788$529$350$255
33 years$1,581$1,092$736$487$317$228
34 years$1,518$1,034$688$448$287$204
35 years$1,459$981$643$412$260$182
36 years$1,402$931$601$380$235$163
37 years$1,349$885$563$350$213$146
38 years$1,299$841$527$322$193$131
39 years$1,252$799$494$297$175$117
40 years$1,207$761$463$274$159$105
41 years$1,165$724$434$253$144$94
42 years$1,124$689$407$233$131$84
43 years$1,086$657$382$215$119$75
44 years$1,049$626$359$199$108$67
45 years$1,014$597$337$184$98$60
46 years$981$570$316$170$89$54
47 years$949$544$297$157$81$49
48 years$919$519$279$145$73$44
49 years$890$496$262$134$67$39
50 years$862$473$247$124$60$35

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $883,000, adding $4,582 every year, while hoping to spend $32,113 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: 33/45/22 Blend
53$883,000$883,000$883,000$883,000
54$977,792$930,993$917,307$1,003,329
55$1,043,359$942,444$913,869$1,034,250
56$1,114,538$953,380$909,239$1,064,312
57$1,191,866$963,741$903,344$1,096,054
58$1,275,937$973,464$896,106$1,129,644
59$1,367,401$982,483$887,445$1,165,269
60$1,466,977$990,726$877,275$1,203,136
61$1,575,452$998,115$865,508$1,243,476
62$1,693,696$1,004,570$852,050$1,286,545
63$1,822,663$1,010,004$836,804$1,332,628
64$1,963,405$1,014,325$819,667$1,382,041
65$2,117,081$1,017,435$800,534$1,435,134
66$2,284,963$1,019,230$779,292$1,492,296
67$2,468,456$1,019,598$755,825$1,553,959
68$2,669,103$1,018,423$730,010$1,620,601
69$2,888,606$1,015,580$701,719$1,692,752
70$3,128,837$1,010,936$670,820$1,771,002
71$3,391,857$1,004,351$637,171$1,856,000
72$3,679,937$995,675$600,627$1,948,471
73$3,995,578$984,751$561,036$2,049,213
74$4,341,534$971,410$518,237$2,159,113
75$4,720,836$955,476$472,064$2,279,152
76$5,136,827$936,759$422,343$2,410,417
77$5,593,184$915,061$368,892$2,554,111
78$6,093,960$890,170$311,521$2,711,563
79$6,643,618$861,863$250,032$2,884,248
80$7,247,077$829,904$184,218$3,073,793
81$7,909,750$794,041$113,861$3,282,003
82$8,637,607$754,011$38,737$3,510,870
83$9,437,217$709,532$0$3,762,598
84$10,315,824$660,309$0$4,049,353
85$11,281,402$606,029$0$4,374,437
86$12,342,741$546,360$0$4,731,788
87$13,509,520$480,952$0$5,124,761
88$14,792,408$409,435$0$5,557,060
89$16,203,156$331,419$0$6,032,773
90$17,754,710$246,491$0$6,556,413
91$19,461,335$154,214$0$7,132,962
92$21,338,750$54,129$0$7,767,917
93$23,404,270$0$0$8,467,346
94$25,676,975$0$0$9,264,809
95$28,177,889$0$0$10,171,995
96$30,930,175$0$0$11,170,523
97$33,959,355$0$0$12,269,673
98$37,293,552$0$0$13,479,667
99$40,963,753$0$0$14,811,773
100$45,004,101$0$0$16,278,406