Can I retire at age 54 with 885,000?

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 $885,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.6%
1 years$73,082$72,431$71,796$71,176$70,571$69,517
2 years$36,179$35,506$34,853$34,219$33,605$32,545
3 years$23,880$23,203$22,552$21,925$21,321$20,288
4 years$17,732$17,057$16,412$15,796$15,206$14,209
5 years$14,043$13,373$12,736$12,132$11,559$10,600
6 years$11,585$10,920$10,293$9,702$9,147$8,227
7 years$9,830$9,171$8,553$7,977$7,439$6,559
8 years$8,515$7,861$7,254$6,692$6,171$5,331
9 years$7,492$6,844$6,248$5,700$5,197$4,396
10 years$6,674$6,033$5,447$4,913$4,428$3,666
11 years$6,006$5,371$4,795$4,276$3,808$3,084
12 years$5,449$4,820$4,256$3,751$3,300$2,612
13 years$4,978$4,356$3,802$3,311$2,878$2,226
14 years$4,575$3,960$3,416$2,939$2,523$1,906
15 years$4,226$3,617$3,085$2,621$2,221$1,638
16 years$3,921$3,319$2,797$2,347$1,963$1,413
17 years$3,652$3,057$2,545$2,109$1,741$1,222
18 years$3,413$2,824$2,323$1,901$1,548$1,059
19 years$3,200$2,618$2,127$1,717$1,379$920
20 years$3,008$2,432$1,952$1,555$1,232$800
21 years$2,834$2,266$1,795$1,412$1,103$698
22 years$2,677$2,115$1,655$1,283$988$609
23 years$2,534$1,978$1,528$1,169$887$532
24 years$2,402$1,853$1,413$1,066$797$465
25 years$2,282$1,739$1,309$974$718$407
26 years$2,170$1,635$1,214$890$646$356
27 years$2,068$1,538$1,127$815$583$312
28 years$1,972$1,450$1,048$747$526$274
29 years$1,884$1,368$975$685$475$240
30 years$1,801$1,291$908$628$429$211
31 years$1,724$1,221$847$577$388$185
32 years$1,652$1,155$790$530$351$163
33 years$1,585$1,094$738$488$318$143
34 years$1,521$1,037$689$449$287$125
35 years$1,462$983$644$413$260$110
36 years$1,406$933$603$380$236$97
37 years$1,353$887$564$351$214$85
38 years$1,302$843$528$323$194$75
39 years$1,255$801$495$298$176$66
40 years$1,210$762$464$275$159$58
41 years$1,167$726$435$253$145$51
42 years$1,127$691$408$234$131$45
43 years$1,088$658$383$216$119$39
44 years$1,052$628$359$199$108$35
45 years$1,017$598$337$184$98$31
46 years$983$571$317$170$89$27
47 years$951$545$298$157$81$24
48 years$921$520$280$145$73$21
49 years$892$497$263$134$67$18
50 years$864$474$247$124$61$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $885,000, adding $5,580 every year, while hoping to spend $48,253 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: 44/35/21 Blend
53$885,000$885,000$885,000$885,000
54$981,026$934,121$920,403$1,018,004
55$1,029,750$928,552$899,896$1,039,078
56$1,081,826$921,093$877,084$1,056,751
57$1,137,546$911,600$851,841$1,074,919
58$1,197,229$899,922$824,030$1,093,653
59$1,261,224$885,896$793,513$1,113,033
60$1,329,916$869,352$760,143$1,133,151
61$1,403,727$850,109$723,767$1,154,110
62$1,483,117$827,975$684,224$1,176,031
63$1,568,597$802,747$641,347$1,199,049
64$1,660,722$774,211$594,961$1,223,317
65$1,760,107$742,138$544,883$1,249,010
66$1,867,423$706,288$490,922$1,276,325
67$1,983,411$666,407$432,878$1,305,482
68$2,108,884$622,225$370,544$1,336,733
69$2,244,734$573,458$303,701$1,370,359
70$2,391,944$519,805$232,123$1,406,677
71$2,551,595$460,948$155,571$1,446,043
72$2,724,873$396,550$73,799$1,488,854
73$2,913,086$326,257$0$1,535,560
74$3,117,670$249,693$0$1,589,676
75$3,340,207$166,463$0$1,666,590
76$3,582,435$76,147$0$1,750,437
77$3,846,269$0$0$1,841,983
78$4,133,814$0$0$1,950,432
79$4,447,388$0$0$2,100,778
80$4,789,543$0$0$2,264,928
81$5,163,085$0$0$2,444,243
82$5,571,107$0$0$2,640,219
83$6,017,011$0$0$2,854,504
84$6,504,543$0$0$3,088,913
85$7,037,827$0$0$3,345,444
86$7,621,407$0$0$3,626,298
87$8,260,281$0$0$3,933,896
88$8,959,958$0$0$4,270,908
89$9,726,501$0$0$4,640,271
90$10,566,589$0$0$5,045,222
91$11,487,578$0$0$5,489,324
92$12,497,568$0$0$5,976,504
93$13,605,482$0$0$6,511,085
94$14,821,149$0$0$7,097,830
95$16,155,392$0$0$7,741,986
96$17,620,137$0$0$8,449,331
97$19,228,517$0$0$9,226,231
98$20,995,003$0$0$10,079,700
99$22,935,534$0$0$11,017,463
100$25,067,668$0$0$12,048,032