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%18.6%
1 years$73,248$72,595$71,959$71,337$70,731$68,275
2 years$36,261$35,586$34,931$34,297$33,681$31,233
3 years$23,934$23,256$22,603$21,974$21,369$19,004
4 years$17,772$17,095$16,449$15,831$15,240$12,978
5 years$14,075$13,403$12,765$12,160$11,585$9,431
6 years$11,612$10,945$10,316$9,724$9,167$7,123
7 years$9,853$9,191$8,573$7,995$7,455$5,520
8 years$8,534$7,879$7,270$6,707$6,185$4,357
9 years$7,509$6,860$6,262$5,713$5,209$3,486
10 years$6,689$6,047$5,459$4,924$4,438$2,818
11 years$6,019$5,383$4,806$4,286$3,817$2,296
12 years$5,461$4,831$4,265$3,759$3,308$1,883
13 years$4,990$4,366$3,811$3,319$2,884$1,551
14 years$4,585$3,969$3,424$2,946$2,528$1,284
15 years$4,236$3,625$3,092$2,627$2,226$1,065
16 years$3,930$3,326$2,803$2,352$1,967$887
17 years$3,660$3,063$2,551$2,114$1,745$739
18 years$3,421$2,831$2,328$1,905$1,551$618
19 years$3,207$2,623$2,131$1,721$1,383$517
20 years$3,015$2,438$1,956$1,559$1,235$433
21 years$2,841$2,271$1,799$1,415$1,105$363
22 years$2,683$2,120$1,658$1,286$991$305
23 years$2,539$1,983$1,531$1,172$889$256
24 years$2,408$1,857$1,416$1,068$799$215
25 years$2,287$1,743$1,312$976$719$181
26 years$2,175$1,638$1,216$892$648$152
27 years$2,072$1,542$1,130$817$584$128
28 years$1,977$1,453$1,050$748$527$108
29 years$1,888$1,371$977$686$476$91
30 years$1,806$1,294$910$630$430$77
31 years$1,728$1,224$849$578$389$64
32 years$1,656$1,158$792$532$352$54
33 years$1,588$1,096$739$489$318$46
34 years$1,525$1,039$691$450$288$39
35 years$1,465$986$646$414$261$33
36 years$1,409$936$604$381$236$27
37 years$1,356$889$565$351$214$23
38 years$1,305$844$529$324$194$19
39 years$1,258$803$496$299$176$16
40 years$1,213$764$465$275$160$14
41 years$1,170$727$436$254$145$12
42 years$1,129$693$409$234$132$10
43 years$1,091$660$384$216$119$8
44 years$1,054$629$360$200$108$7
45 years$1,019$600$338$185$98$6
46 years$985$572$318$170$89$5
47 years$954$546$298$158$81$4
48 years$923$521$280$146$74$4
49 years$894$498$264$135$67$3
50 years$866$476$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 $887,000, adding $2,927 every year, while hoping to spend $49,726 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: 85/5/10 Blend
53$887,000$887,000$887,000$887,000
54$980,493$933,482$919,734$1,062,164
55$1,027,595$926,315$897,637$1,108,799
56$1,077,835$917,129$873,133$1,152,998
57$1,131,481$905,775$846,089$1,200,017
58$1,188,825$892,091$816,366$1,250,105
59$1,250,189$875,907$783,818$1,303,541
60$1,315,925$857,044$748,293$1,360,630
61$1,386,421$835,310$709,632$1,421,708
62$1,462,099$810,504$667,668$1,487,143
63$1,543,426$782,411$622,228$1,557,344
64$1,630,912$750,806$573,129$1,632,758
65$1,725,119$715,449$520,183$1,713,879
66$1,826,662$676,087$463,190$1,801,250
67$1,936,219$632,453$401,944$1,895,469
68$2,054,532$584,261$336,227$1,997,198
69$2,182,418$531,215$265,816$2,107,161
70$2,320,777$472,996$190,472$2,226,159
71$2,470,594$409,271$109,951$2,355,074
72$2,632,955$339,686$23,995$2,494,877
73$2,809,054$263,868$0$2,646,640
74$3,000,202$181,421$0$2,818,770
75$3,207,842$91,931$0$3,008,540
76$3,433,563$0$0$3,214,853
77$3,679,111$0$0$3,439,598
78$3,946,408$0$0$3,689,766
79$4,237,568$0$0$3,962,280
80$4,554,917$0$0$4,259,319
81$4,901,018$0$0$4,583,282
82$5,278,688$0$0$4,936,809
83$5,691,030$0$0$5,322,806
84$6,141,459$0$0$5,744,472
85$6,633,735$0$0$6,205,328
86$7,171,998$0$0$6,709,251
87$7,760,804$0$0$7,260,510
88$8,405,173$0$0$7,863,806
89$9,110,629$0$0$8,524,313
90$9,883,258$0$0$9,247,732
91$10,729,761$0$0$10,040,338
92$11,657,516$0$0$10,909,044
93$12,674,652$0$0$11,861,464
94$13,790,121$0$0$12,905,980
95$15,013,780$0$0$14,051,828
96$16,356,491$0$0$15,309,180
97$17,830,214$0$0$16,689,241
98$19,448,126$0$0$18,204,350
99$21,224,740$0$0$19,868,105
100$23,176,046$0$0$21,695,480