Can I retire at age 54 with 884,000?

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 $884,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13%
1 years$73,000$72,350$71,715$71,096$70,491$69,611
2 years$36,139$35,466$34,813$34,181$33,567$32,681
3 years$23,853$23,177$22,526$21,900$21,296$20,432
4 years$17,712$17,038$16,393$15,778$15,189$14,353
5 years$14,028$13,358$12,722$12,119$11,546$10,742
6 years$11,572$10,908$10,281$9,691$9,136$8,364
7 years$9,819$9,160$8,544$7,968$7,430$6,690
8 years$8,505$7,852$7,246$6,684$6,164$5,457
9 years$7,484$6,837$6,241$5,693$5,191$4,516
10 years$6,667$6,026$5,441$4,908$4,423$3,779
11 years$5,999$5,365$4,790$4,271$3,804$3,191
12 years$5,443$4,815$4,251$3,746$3,296$2,714
13 years$4,973$4,351$3,798$3,308$2,875$2,322
14 years$4,570$3,955$3,413$2,936$2,520$1,996
15 years$4,221$3,613$3,081$2,618$2,219$1,722
16 years$3,916$3,315$2,793$2,345$1,961$1,491
17 years$3,648$3,053$2,542$2,107$1,739$1,295
18 years$3,409$2,821$2,320$1,898$1,546$1,128
19 years$3,196$2,615$2,124$1,715$1,378$984
20 years$3,004$2,430$1,950$1,554$1,231$860
21 years$2,831$2,263$1,793$1,410$1,101$753
22 years$2,674$2,113$1,653$1,282$987$660
23 years$2,531$1,976$1,526$1,168$886$579
24 years$2,400$1,851$1,411$1,065$797$509
25 years$2,279$1,737$1,307$973$717$447
26 years$2,168$1,633$1,212$889$646$394
27 years$2,065$1,537$1,126$814$582$347
28 years$1,970$1,448$1,047$746$525$305
29 years$1,882$1,366$974$684$474$269
30 years$1,799$1,290$907$628$429$237
31 years$1,723$1,219$846$576$387$209
32 years$1,651$1,154$789$530$350$185
33 years$1,583$1,093$737$487$317$163
34 years$1,520$1,036$688$448$287$144
35 years$1,460$982$644$413$260$127
36 years$1,404$932$602$380$236$113
37 years$1,351$886$563$350$214$99
38 years$1,301$842$528$323$194$88
39 years$1,253$800$494$298$176$78
40 years$1,209$761$463$274$159$69
41 years$1,166$725$435$253$144$61
42 years$1,125$690$408$234$131$54
43 years$1,087$658$382$216$119$47
44 years$1,050$627$359$199$108$42
45 years$1,015$598$337$184$98$37
46 years$982$570$317$170$89$33
47 years$950$544$297$157$81$29
48 years$920$520$280$145$73$26
49 years$891$496$263$134$67$23
50 years$863$474$247$124$61$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $884,000, adding $5,517 every year, while hoping to spend $50,991 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: 22/48/30 Blend
53$884,000$884,000$884,000$884,000
54$979,859$933,007$919,305$992,056
55$1,025,550$924,470$895,847$994,920
56$1,074,193$913,806$869,895$993,393
57$1,126,035$900,857$841,311$990,677
58$1,181,347$885,454$809,951$986,710
59$1,240,424$867,422$775,664$981,427
60$1,303,593$846,571$738,294$974,765
61$1,371,209$822,703$697,677$966,658
62$1,443,664$795,606$653,640$957,042
63$1,521,385$765,059$606,005$945,853
64$1,604,844$730,824$554,584$933,029
65$1,694,556$692,653$499,181$918,507
66$1,791,089$650,281$439,591$902,230
67$1,895,064$603,429$375,601$884,142
68$2,007,165$551,801$306,988$864,190
69$2,128,143$495,086$233,519$842,326
70$2,258,822$432,954$154,951$818,511
71$2,400,109$365,056$71,029$792,709
72$2,553,000$291,024$0$764,895
73$2,718,591$210,469$0$740,984
74$2,898,085$122,980$0$739,689
75$3,092,807$28,123$0$738,353
76$3,304,213$0$0$737,096
77$3,533,905$0$0$775,445
78$3,783,643$0$0$833,430
79$4,055,368$0$0$896,665
80$4,351,211$0$0$965,663
81$4,673,519$0$0$1,040,992
82$5,024,874$0$0$1,123,275
83$5,408,120$0$0$1,213,198
84$5,826,383$0$0$1,311,517
85$6,283,109$0$0$1,419,063
86$6,782,088$0$0$1,536,753
87$7,327,492$0$0$1,665,594
88$7,923,917$0$0$1,806,699
89$8,576,422$0$0$1,961,289
90$9,290,577$0$0$2,130,713
91$10,072,515$0$0$2,316,452
92$10,928,991$0$0$2,520,142
93$11,867,444$0$0$2,743,582
94$12,896,065$0$0$2,988,754
95$14,023,877$0$0$3,257,841
96$15,260,818$0$0$3,553,248
97$16,617,831$0$0$3,877,625
98$18,106,972$0$0$4,233,890
99$19,741,520$0$0$4,625,257
100$21,536,103$0$0$5,055,268