Can I retire at age 54 with 885,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%18.2%
1 years$73,082$72,431$71,796$71,176$70,571$68,230
2 years$36,179$35,506$34,853$34,219$33,605$31,270
3 years$23,880$23,203$22,552$21,925$21,321$19,063
4 years$17,732$17,057$16,412$15,796$15,206$13,045
5 years$14,043$13,373$12,736$12,132$11,559$9,500
6 years$11,585$10,920$10,293$9,702$9,147$7,190
7 years$9,830$9,171$8,553$7,977$7,439$5,585
8 years$8,515$7,861$7,254$6,692$6,171$4,419
9 years$7,492$6,844$6,248$5,700$5,197$3,544
10 years$6,674$6,033$5,447$4,913$4,428$2,872
11 years$6,006$5,371$4,795$4,276$3,808$2,347
12 years$5,449$4,820$4,256$3,751$3,300$1,929
13 years$4,978$4,356$3,802$3,311$2,878$1,594
14 years$4,575$3,960$3,416$2,939$2,523$1,322
15 years$4,226$3,617$3,085$2,621$2,221$1,101
16 years$3,921$3,319$2,797$2,347$1,963$919
17 years$3,652$3,057$2,545$2,109$1,741$768
18 years$3,413$2,824$2,323$1,901$1,548$644
19 years$3,200$2,618$2,127$1,717$1,379$541
20 years$3,008$2,432$1,952$1,555$1,232$454
21 years$2,834$2,266$1,795$1,412$1,103$382
22 years$2,677$2,115$1,655$1,283$988$322
23 years$2,534$1,978$1,528$1,169$887$271
24 years$2,402$1,853$1,413$1,066$797$229
25 years$2,282$1,739$1,309$974$718$193
26 years$2,170$1,635$1,214$890$646$163
27 years$2,068$1,538$1,127$815$583$137
28 years$1,972$1,450$1,048$747$526$116
29 years$1,884$1,368$975$685$475$98
30 years$1,801$1,291$908$628$429$83
31 years$1,724$1,221$847$577$388$70
32 years$1,652$1,155$790$530$351$59
33 years$1,585$1,094$738$488$318$50
34 years$1,521$1,037$689$449$287$42
35 years$1,462$983$644$413$260$36
36 years$1,406$933$603$380$236$30
37 years$1,353$887$564$351$214$26
38 years$1,302$843$528$323$194$22
39 years$1,255$801$495$298$176$18
40 years$1,210$762$464$275$159$15
41 years$1,167$726$435$253$145$13
42 years$1,127$691$408$234$131$11
43 years$1,088$658$383$216$119$9
44 years$1,052$628$359$199$108$8
45 years$1,017$598$337$184$98$7
46 years$983$571$317$170$89$6
47 years$951$545$298$157$81$5
48 years$921$520$280$145$73$4
49 years$892$497$263$134$67$3
50 years$864$474$247$124$61$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $885,000, adding $6,614 every year, while hoping to spend $35,283 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: 56/32/12 Blend
53$885,000$885,000$885,000$885,000
54$982,092$935,187$921,470$1,033,749
55$1,044,725$943,471$914,798$1,077,762
56$1,112,563$950,977$906,721$1,121,235
57$1,186,102$957,632$897,153$1,167,758
58$1,265,883$963,355$886,006$1,217,628
59$1,352,504$968,060$873,188$1,271,173
60$1,446,621$971,657$858,602$1,328,756
61$1,548,958$974,049$842,146$1,390,778
62$1,660,308$975,134$823,715$1,457,683
63$1,781,547$974,803$803,197$1,529,959
64$1,913,637$972,941$780,476$1,608,147
65$2,057,636$969,424$755,430$1,692,846
66$2,214,711$964,122$727,933$1,784,714
67$2,386,145$956,896$697,852$1,884,480
68$2,573,349$947,601$665,047$1,992,951
69$2,777,878$936,081$629,374$2,111,014
70$3,001,443$922,171$590,679$2,239,653
71$3,245,929$905,696$548,806$2,379,952
72$3,513,410$886,472$503,588$2,533,108
73$3,806,171$864,302$454,851$2,700,444
74$4,126,727$838,979$402,415$2,883,420
75$4,477,848$810,284$346,090$3,083,650
76$4,862,584$777,984$285,680$3,302,913
77$5,284,295$741,832$220,978$3,543,174
78$5,746,682$701,570$151,769$3,806,603
79$6,253,818$656,922$77,828$4,095,595
80$6,810,193$607,597$0$4,412,792
81$7,420,750$553,287$0$4,761,252
82$8,090,936$493,667$0$5,154,699
83$8,826,749$428,394$0$5,586,744
84$9,634,796$357,104$0$6,061,343
85$10,522,358$279,415$0$6,582,859
86$11,497,452$194,920$0$7,156,104
87$12,568,913$103,192$0$7,786,387
88$13,746,473$3,779$0$8,479,561
89$15,040,853$0$0$9,242,083
90$16,463,866$0$0$10,117,622
91$18,028,524$0$0$11,081,864
92$19,749,166$0$0$12,142,323
93$21,641,588$0$0$13,308,748
94$23,723,195$0$0$14,591,878
95$26,013,161$0$0$16,003,544
96$28,532,615$0$0$17,556,784
97$31,304,836$0$0$19,265,962
98$34,355,473$0$0$21,146,906
99$37,712,788$0$0$23,217,054
100$41,407,920$0$0$25,495,622