Can I retire at age 54 with 887,000?

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 $887,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.8%
1 years$73,248$72,595$71,959$71,337$70,731$69,905
2 years$36,261$35,586$34,931$34,297$33,681$32,850
3 years$23,934$23,256$22,603$21,974$21,369$20,558
4 years$17,772$17,095$16,449$15,831$15,240$14,456
5 years$14,075$13,403$12,765$12,160$11,585$10,830
6 years$11,612$10,945$10,316$9,724$9,167$8,442
7 years$9,853$9,191$8,573$7,995$7,455$6,760
8 years$8,534$7,879$7,270$6,707$6,185$5,520
9 years$7,509$6,860$6,262$5,713$5,209$4,573
10 years$6,689$6,047$5,459$4,924$4,438$3,832
11 years$6,019$5,383$4,806$4,286$3,817$3,240
12 years$5,461$4,831$4,265$3,759$3,308$2,759
13 years$4,990$4,366$3,811$3,319$2,884$2,363
14 years$4,585$3,969$3,424$2,946$2,528$2,034
15 years$4,236$3,625$3,092$2,627$2,226$1,758
16 years$3,930$3,326$2,803$2,352$1,967$1,524
17 years$3,660$3,063$2,551$2,114$1,745$1,326
18 years$3,421$2,831$2,328$1,905$1,551$1,156
19 years$3,207$2,623$2,131$1,721$1,383$1,010
20 years$3,015$2,438$1,956$1,559$1,235$884
21 years$2,841$2,271$1,799$1,415$1,105$775
22 years$2,683$2,120$1,658$1,286$991$680
23 years$2,539$1,983$1,531$1,172$889$598
24 years$2,408$1,857$1,416$1,068$799$526
25 years$2,287$1,743$1,312$976$719$463
26 years$2,175$1,638$1,216$892$648$408
27 years$2,072$1,542$1,130$817$584$360
28 years$1,977$1,453$1,050$748$527$318
29 years$1,888$1,371$977$686$476$281
30 years$1,806$1,294$910$630$430$248
31 years$1,728$1,224$849$578$389$219
32 years$1,656$1,158$792$532$352$194
33 years$1,588$1,096$739$489$318$171
34 years$1,525$1,039$691$450$288$152
35 years$1,465$986$646$414$261$134
36 years$1,409$936$604$381$236$119
37 years$1,356$889$565$351$214$105
38 years$1,305$844$529$324$194$93
39 years$1,258$803$496$299$176$82
40 years$1,213$764$465$275$160$73
41 years$1,170$727$436$254$145$65
42 years$1,129$693$409$234$132$57
43 years$1,091$660$384$216$119$51
44 years$1,054$629$360$200$108$45
45 years$1,019$600$338$185$98$40
46 years$985$572$318$170$89$35
47 years$954$546$298$158$81$31
48 years$923$521$280$146$74$28
49 years$894$498$264$135$67$25
50 years$866$476$248$124$61$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $887,000, adding $3,460 every year, while hoping to spend $50,815 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: 46/32/22 Blend
53$887,000$887,000$887,000$887,000
54$981,043$934,032$920,283$1,019,841
55$1,027,043$925,733$897,046$1,039,123
56$1,076,031$915,324$871,327$1,054,734
57$1,128,260$902,648$842,990$1,070,634
58$1,184,003$887,539$811,892$1,086,876
59$1,243,564$869,821$777,882$1,103,519
60$1,307,271$849,306$740,805$1,120,632
61$1,375,488$825,797$700,498$1,138,295
62$1,448,612$799,085$656,788$1,156,602
63$1,527,078$768,948$609,498$1,175,657
64$1,611,365$735,152$558,442$1,195,583
65$1,701,998$697,448$503,423$1,216,518
66$1,799,554$655,574$444,239$1,238,621
67$1,904,664$609,253$380,677$1,262,069
68$2,018,024$558,191$312,514$1,287,068
69$2,140,399$502,078$239,519$1,313,848
70$2,272,626$440,587$161,450$1,342,669
71$2,415,629$373,371$78,053$1,373,824
72$2,570,420$300,063$0$1,407,646
73$2,738,115$220,278$0$1,447,076
74$2,919,939$133,608$0$1,509,684
75$3,117,238$39,620$0$1,577,666
76$3,331,495$0$0$1,651,620
77$3,564,339$0$0$1,754,091
78$3,817,565$0$0$1,880,795
79$4,093,143$0$0$2,018,777
80$4,393,246$0$0$2,169,137
81$4,720,261$0$0$2,333,084
82$5,076,816$0$0$2,511,949
83$5,465,806$0$0$2,707,195
84$5,890,415$0$0$2,920,437
85$6,354,146$0$0$3,153,447
86$6,860,860$0$0$3,408,181
87$7,414,805$0$0$3,686,791
88$8,020,657$0$0$3,991,644
89$8,683,567$0$0$4,325,349
90$9,409,205$0$0$4,690,779
91$10,203,815$0$0$5,091,096
92$11,074,273$0$0$5,529,784
93$12,028,154$0$0$6,010,680
94$13,073,795$0$0$6,538,007
95$14,220,383$0$0$7,116,421
96$15,478,035$0$0$7,751,046
97$16,857,893$0$0$8,447,529
98$18,372,231$0$0$9,212,088
99$20,034,569$0$0$10,051,573
100$21,859,799$0$0$10,973,532