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%19.3%
1 years$73,165$72,513$71,877$71,257$70,651$68,009
2 years$36,220$35,546$34,892$34,258$33,643$31,012
3 years$23,907$23,230$22,577$21,950$21,345$18,806
4 years$17,752$17,076$16,431$15,813$15,223$12,798
5 years$14,059$13,388$12,751$12,146$11,572$9,266
6 years$11,599$10,932$10,305$9,713$9,157$6,971
7 years$9,842$9,181$8,563$7,986$7,447$5,381
8 years$8,524$7,870$7,262$6,699$6,178$4,230
9 years$7,501$6,852$6,255$5,706$5,203$3,370
10 years$6,682$6,040$5,453$4,919$4,433$2,712
11 years$6,013$5,377$4,801$4,281$3,813$2,200
12 years$5,455$4,826$4,261$3,755$3,304$1,795
13 years$4,984$4,361$3,807$3,315$2,881$1,472
14 years$4,580$3,964$3,420$2,943$2,526$1,212
15 years$4,231$3,621$3,088$2,624$2,224$1,001
16 years$3,925$3,323$2,800$2,350$1,965$829
17 years$3,656$3,060$2,548$2,111$1,743$688
18 years$3,417$2,828$2,326$1,903$1,549$572
19 years$3,203$2,621$2,129$1,719$1,381$476
20 years$3,011$2,435$1,954$1,557$1,234$396
21 years$2,838$2,268$1,797$1,413$1,104$331
22 years$2,680$2,117$1,656$1,285$989$276
23 years$2,536$1,980$1,529$1,170$888$231
24 years$2,405$1,855$1,414$1,067$798$193
25 years$2,284$1,741$1,310$975$718$161
26 years$2,173$1,636$1,215$891$647$135
27 years$2,070$1,540$1,128$816$583$113
28 years$1,975$1,451$1,049$747$526$94
29 years$1,886$1,369$976$685$475$79
30 years$1,804$1,293$909$629$430$66
31 years$1,726$1,222$848$578$388$55
32 years$1,654$1,156$791$531$351$46
33 years$1,587$1,095$738$488$318$39
34 years$1,523$1,038$690$449$288$33
35 years$1,463$985$645$414$261$27
36 years$1,407$934$603$381$236$23
37 years$1,354$888$565$351$214$19
38 years$1,304$843$529$323$194$16
39 years$1,256$802$496$298$176$13
40 years$1,211$763$464$275$160$11
41 years$1,169$726$435$254$145$9
42 years$1,128$692$409$234$131$8
43 years$1,089$659$383$216$119$7
44 years$1,053$628$360$200$108$6
45 years$1,018$599$338$184$98$5
46 years$984$572$317$170$89$4
47 years$952$545$298$157$81$3
48 years$922$521$280$145$74$3
49 years$893$497$263$134$67$2
50 years$865$475$248$124$61$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $886,000, adding $4,008 every year, while hoping to spend $42,660 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: 34/39/27 Blend
53$886,000$886,000$886,000$886,000
54$980,506$933,548$919,815$1,005,710
55$1,035,128$933,902$905,239$1,025,365
56$1,093,891$932,844$888,745$1,042,437
57$1,157,174$930,259$870,223$1,060,014
58$1,225,390$926,025$849,560$1,078,171
59$1,298,994$920,016$826,635$1,096,992
60$1,378,488$912,093$801,324$1,116,574
61$1,464,421$902,112$773,495$1,137,028
62$1,557,396$889,920$743,012$1,158,478
63$1,658,079$875,354$709,731$1,181,067
64$1,767,199$858,242$673,503$1,204,957
65$1,885,558$838,402$634,170$1,230,331
66$2,014,041$815,640$591,571$1,257,394
67$2,153,618$789,751$545,533$1,286,379
68$2,305,358$760,519$495,879$1,317,548
69$2,470,435$727,715$442,422$1,351,196
70$2,650,142$691,096$384,966$1,387,654
71$2,845,904$650,407$323,309$1,427,293
72$3,059,284$605,375$257,238$1,470,531
73$3,292,007$555,714$186,532$1,517,832
74$3,545,969$501,121$110,958$1,569,721
75$3,823,257$441,276$30,274$1,626,780
76$4,126,171$375,839$0$1,689,661
77$4,457,239$304,454$0$1,775,178
78$4,819,247$226,742$0$1,878,411
79$5,215,262$142,305$0$1,991,615
80$5,648,662$50,720$0$2,115,882
81$6,123,163$0$0$2,252,422
82$6,642,861$0$0$2,423,373
83$7,212,265$0$0$2,634,652
84$7,836,341$0$0$2,866,350
85$8,520,558$0$0$3,120,515
86$9,270,940$0$0$3,399,401
87$10,094,122$0$0$3,705,492
88$10,997,410$0$0$4,041,524
89$11,988,855$0$0$4,410,511
90$13,077,324$0$0$4,815,772
91$14,272,583$0$0$5,260,964
92$15,585,391$0$0$5,750,117
93$17,027,602$0$0$6,287,667
94$18,612,271$0$0$6,878,506
95$20,353,785$0$0$7,528,020
96$22,267,989$0$0$8,242,142
97$24,372,343$0$0$9,027,413
98$26,686,081$0$0$9,891,035
99$29,230,395$0$0$10,840,946
100$32,028,632$0$0$11,885,890