Can I retire at age 54 with 886,000?

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 $886,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.5%
1 years$73,165$72,513$71,877$71,257$70,651$68,226
2 years$36,220$35,546$34,892$34,258$33,643$31,225
3 years$23,907$23,230$22,577$21,950$21,345$19,008
4 years$17,752$17,076$16,431$15,813$15,223$12,987
5 years$14,059$13,388$12,751$12,146$11,572$9,443
6 years$11,599$10,932$10,305$9,713$9,157$7,135
7 years$9,842$9,181$8,563$7,986$7,447$5,533
8 years$8,524$7,870$7,262$6,699$6,178$4,370
9 years$7,501$6,852$6,255$5,706$5,203$3,499
10 years$6,682$6,040$5,453$4,919$4,433$2,830
11 years$6,013$5,377$4,801$4,281$3,813$2,307
12 years$5,455$4,826$4,261$3,755$3,304$1,893
13 years$4,984$4,361$3,807$3,315$2,881$1,561
14 years$4,580$3,964$3,420$2,943$2,526$1,292
15 years$4,231$3,621$3,088$2,624$2,224$1,073
16 years$3,925$3,323$2,800$2,350$1,965$894
17 years$3,656$3,060$2,548$2,111$1,743$746
18 years$3,417$2,828$2,326$1,903$1,549$624
19 years$3,203$2,621$2,129$1,719$1,381$523
20 years$3,011$2,435$1,954$1,557$1,234$438
21 years$2,838$2,268$1,797$1,413$1,104$368
22 years$2,680$2,117$1,656$1,285$989$309
23 years$2,536$1,980$1,529$1,170$888$260
24 years$2,405$1,855$1,414$1,067$798$218
25 years$2,284$1,741$1,310$975$718$184
26 years$2,173$1,636$1,215$891$647$155
27 years$2,070$1,540$1,128$816$583$130
28 years$1,975$1,451$1,049$747$526$110
29 years$1,886$1,369$976$685$475$93
30 years$1,804$1,293$909$629$430$78
31 years$1,726$1,222$848$578$388$66
32 years$1,654$1,156$791$531$351$55
33 years$1,587$1,095$738$488$318$47
34 years$1,523$1,038$690$449$288$39
35 years$1,463$985$645$414$261$33
36 years$1,407$934$603$381$236$28
37 years$1,354$888$565$351$214$24
38 years$1,304$843$529$323$194$20
39 years$1,256$802$496$298$176$17
40 years$1,211$763$464$275$160$14
41 years$1,169$726$435$254$145$12
42 years$1,128$692$409$234$131$10
43 years$1,089$659$383$216$119$9
44 years$1,053$628$360$200$108$7
45 years$1,018$599$338$184$98$6
46 years$984$572$317$170$89$5
47 years$952$545$298$157$81$4
48 years$922$521$280$145$74$4
49 years$893$497$263$134$67$3
50 years$865$475$248$124$61$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $886,000, adding $2,530 every year, while hoping to spend $45,018 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: 57/21/22 Blend
53$886,000$886,000$886,000$886,000
54$978,982$932,024$918,291$1,028,847
55$1,030,939$929,794$901,155$1,060,925
56$1,086,687$925,946$881,936$1,090,839
57$1,146,565$920,354$860,517$1,122,467
58$1,210,946$912,882$836,775$1,155,984
59$1,280,237$903,388$810,581$1,191,587
60$1,354,888$891,720$781,802$1,229,494
61$1,435,391$877,719$750,298$1,269,948
62$1,522,288$861,215$715,920$1,313,217
63$1,616,174$842,027$678,516$1,359,601
64$1,717,703$819,966$637,925$1,409,433
65$1,827,593$794,828$593,980$1,463,081
66$1,946,635$766,402$546,505$1,520,956
67$2,075,696$734,460$495,318$1,583,510
68$2,215,733$698,764$440,227$1,651,249
69$2,367,795$659,061$381,032$1,724,731
70$2,533,038$615,084$317,525$1,804,577
71$2,712,734$566,549$249,488$1,891,471
72$2,908,281$513,157$176,693$1,986,177
73$3,121,216$454,593$98,903$2,089,536
74$3,353,235$390,522$15,871$2,202,483
75$3,606,199$320,593$0$2,326,051
76$3,882,161$244,431$0$2,478,461
77$4,183,376$161,643$0$2,648,991
78$4,512,330$71,813$0$2,835,379
79$4,871,759$0$0$3,039,247
80$5,264,673$0$0$3,268,276
81$5,694,388$0$0$3,536,979
82$6,164,555$0$0$3,831,053
83$6,679,193$0$0$4,153,022
84$7,242,728$0$0$4,505,664
85$7,860,036$0$0$4,892,040
86$8,536,482$0$0$5,315,521
87$9,277,981$0$0$5,779,818
88$10,091,041$0$0$6,289,020
89$10,982,835$0$0$6,847,630
90$11,961,261$0$0$7,460,608
91$13,035,018$0$0$8,133,417
92$14,213,691$0$0$8,872,075
93$15,507,835$0$0$9,683,211
94$16,929,079$0$0$10,574,128
95$18,490,233$0$0$11,552,870
96$20,205,407$0$0$12,628,299
97$22,090,147$0$0$13,810,179
98$24,161,581$0$0$15,109,266
99$26,438,575$0$0$16,537,408
100$28,941,917$0$0$18,107,661