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%17.3%
1 years$73,165$72,513$71,877$71,257$70,651$68,554
2 years$36,220$35,546$34,892$34,258$33,643$31,548
3 years$23,907$23,230$22,577$21,950$21,345$19,317
4 years$17,752$17,076$16,431$15,813$15,223$13,278
5 years$14,059$13,388$12,751$12,146$11,572$9,716
6 years$11,599$10,932$10,305$9,713$9,157$7,390
7 years$9,842$9,181$8,563$7,986$7,447$5,770
8 years$8,524$7,870$7,262$6,699$6,178$4,589
9 years$7,501$6,852$6,255$5,706$5,203$3,701
10 years$6,682$6,040$5,453$4,919$4,433$3,017
11 years$6,013$5,377$4,801$4,281$3,813$2,479
12 years$5,455$4,826$4,261$3,755$3,304$2,050
13 years$4,984$4,361$3,807$3,315$2,881$1,704
14 years$4,580$3,964$3,420$2,943$2,526$1,423
15 years$4,231$3,621$3,088$2,624$2,224$1,192
16 years$3,925$3,323$2,800$2,350$1,965$1,001
17 years$3,656$3,060$2,548$2,111$1,743$843
18 years$3,417$2,828$2,326$1,903$1,549$711
19 years$3,203$2,621$2,129$1,719$1,381$601
20 years$3,011$2,435$1,954$1,557$1,234$509
21 years$2,838$2,268$1,797$1,413$1,104$431
22 years$2,680$2,117$1,656$1,285$989$365
23 years$2,536$1,980$1,529$1,170$888$310
24 years$2,405$1,855$1,414$1,067$798$263
25 years$2,284$1,741$1,310$975$718$224
26 years$2,173$1,636$1,215$891$647$190
27 years$2,070$1,540$1,128$816$583$162
28 years$1,975$1,451$1,049$747$526$138
29 years$1,886$1,369$976$685$475$117
30 years$1,804$1,293$909$629$430$100
31 years$1,726$1,222$848$578$388$85
32 years$1,654$1,156$791$531$351$72
33 years$1,587$1,095$738$488$318$62
34 years$1,523$1,038$690$449$288$52
35 years$1,463$985$645$414$261$45
36 years$1,407$934$603$381$236$38
37 years$1,354$888$565$351$214$32
38 years$1,304$843$529$323$194$28
39 years$1,256$802$496$298$176$24
40 years$1,211$763$464$275$160$20
41 years$1,169$726$435$254$145$17
42 years$1,128$692$409$234$131$15
43 years$1,089$659$383$216$119$12
44 years$1,053$628$360$200$108$11
45 years$1,018$599$338$184$98$9
46 years$984$572$317$170$89$8
47 years$952$545$298$157$81$7
48 years$922$521$280$145$74$6
49 years$893$497$263$134$67$5
50 years$865$475$248$124$61$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $886,000, adding $4,852 every year, while hoping to spend $35,646 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: 67/11/22 Blend
53$886,000$886,000$886,000$886,000
54$981,377$934,419$920,686$1,041,343
55$1,043,550$942,278$913,602$1,090,026
56$1,110,871$949,328$905,086$1,138,705
57$1,183,825$955,491$895,052$1,191,100
58$1,262,950$960,685$883,411$1,247,577
59$1,348,835$964,822$870,069$1,308,539
60$1,442,127$967,809$854,927$1,374,432
61$1,543,540$969,548$837,883$1,445,748
62$1,653,858$969,933$818,829$1,523,029
63$1,773,944$968,852$797,652$1,606,874
64$1,904,747$966,187$774,235$1,697,943
65$2,047,313$961,812$748,454$1,796,967
66$2,202,792$955,594$720,180$1,904,749
67$2,372,450$947,391$689,279$2,022,178
68$2,557,679$937,052$655,608$2,150,232
69$2,760,013$924,418$619,022$2,289,992
70$2,981,141$909,322$579,367$2,442,651
71$3,222,922$891,583$536,480$2,609,524
72$3,487,402$871,013$490,194$2,792,061
73$3,776,835$847,410$440,334$2,991,865
74$4,093,703$820,564$386,715$3,210,701
75$4,440,737$790,248$329,146$3,450,518
76$4,820,947$756,225$267,428$3,713,463
77$5,237,647$718,243$201,350$4,001,909
78$5,694,487$676,037$130,695$4,318,469
79$6,195,486$629,325$55,235$4,666,027
80$6,745,073$577,809$0$5,047,764
81$7,348,123$521,174$0$5,473,126
82$8,010,008$459,088$0$5,954,267
83$8,736,646$391,201$0$6,482,535
84$9,534,554$317,139$0$7,062,700
85$10,410,911$236,512$0$7,700,017
86$11,373,628$148,905$0$8,400,277
87$12,431,417$53,880$0$9,169,863
88$13,593,877$0$0$10,015,808
89$14,871,584$0$0$10,951,799
90$16,276,187$0$0$11,987,976
91$17,820,523$0$0$13,127,295
92$19,518,732$0$0$14,380,196
93$21,386,394$0$0$15,758,181
94$23,440,676$0$0$17,273,924
95$25,700,490$0$0$18,941,387
96$28,186,675$0$0$20,775,956
97$30,922,189$0$0$22,794,580
98$33,932,330$0$0$25,015,938
99$37,244,973$0$0$27,460,608
100$40,890,828$0$0$30,151,266