Can I retire at age 54 with 888,000?

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 $888,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.9%
1 years$73,330$72,677$72,040$71,418$70,810$69,381
2 years$36,302$35,626$34,971$34,335$33,719$32,285
3 years$23,961$23,282$22,628$21,999$21,393$19,999
4 years$17,792$17,115$16,468$15,849$15,258$13,915
5 years$14,091$13,418$12,780$12,174$11,599$10,311
6 years$11,625$10,957$10,328$9,735$9,178$7,946
7 years$9,864$9,202$8,582$8,004$7,464$6,289
8 years$8,544$7,887$7,279$6,714$6,192$5,073
9 years$7,517$6,867$6,269$5,719$5,215$4,151
10 years$6,697$6,053$5,466$4,930$4,443$3,434
11 years$6,026$5,389$4,812$4,291$3,821$2,865
12 years$5,467$4,837$4,270$3,763$3,311$2,407
13 years$4,995$4,371$3,815$3,322$2,888$2,034
14 years$4,591$3,973$3,428$2,949$2,531$1,726
15 years$4,240$3,630$3,095$2,630$2,229$1,470
16 years$3,934$3,330$2,806$2,355$1,970$1,256
17 years$3,664$3,067$2,553$2,116$1,746$1,076
18 years$3,425$2,834$2,331$1,907$1,553$924
19 years$3,211$2,626$2,134$1,723$1,384$795
20 years$3,018$2,441$1,958$1,561$1,236$685
21 years$2,844$2,273$1,801$1,416$1,106$591
22 years$2,686$2,122$1,660$1,288$992$511
23 years$2,542$1,985$1,533$1,173$890$442
24 years$2,410$1,860$1,418$1,070$800$382
25 years$2,289$1,745$1,313$977$720$331
26 years$2,178$1,640$1,218$893$649$287
27 years$2,075$1,544$1,131$818$585$249
28 years$1,979$1,454$1,051$749$528$216
29 years$1,890$1,372$978$687$476$187
30 years$1,808$1,296$911$630$430$163
31 years$1,730$1,225$850$579$389$141
32 years$1,658$1,159$793$532$352$123
33 years$1,590$1,098$740$489$319$107
34 years$1,527$1,040$691$450$288$93
35 years$1,467$987$646$414$261$81
36 years$1,410$937$605$382$237$70
37 years$1,357$890$566$352$215$61
38 years$1,307$845$530$324$195$53
39 years$1,259$804$497$299$176$46
40 years$1,214$765$465$276$160$40
41 years$1,171$728$436$254$145$35
42 years$1,131$693$409$235$132$30
43 years$1,092$661$384$217$120$26
44 years$1,055$630$361$200$108$23
45 years$1,020$600$339$185$98$20
46 years$987$573$318$171$89$17
47 years$955$547$299$158$81$15
48 years$924$522$281$146$74$13
49 years$895$498$264$135$67$11
50 years$867$476$248$124$61$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $888,000, adding $4,595 every year, while hoping to spend $31,580 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: 58/19/23 Blend
53$888,000$888,000$888,000$888,000
54$983,316$936,252$922,488$1,034,019
55$1,050,013$948,527$919,790$1,081,376
56$1,122,455$960,346$915,944$1,129,200
57$1,201,194$971,652$910,877$1,180,659
58$1,286,839$982,385$904,514$1,236,112
59$1,380,058$992,483$896,776$1,295,955
60$1,481,587$1,001,878$887,581$1,360,627
61$1,592,235$1,010,497$876,842$1,430,608
62$1,712,895$1,018,263$864,469$1,506,433
63$1,844,548$1,025,095$850,365$1,588,689
64$1,988,272$1,030,905$834,433$1,678,026
65$2,145,257$1,035,601$816,568$1,775,161
66$2,316,811$1,039,083$796,661$1,880,883
67$2,504,375$1,041,248$774,598$1,996,067
68$2,709,535$1,041,982$750,261$2,121,675
69$2,934,037$1,041,169$723,524$2,258,771
70$3,179,805$1,038,682$694,258$2,408,528
71$3,448,955$1,034,388$662,326$2,572,240
72$3,743,820$1,028,145$627,585$2,751,336
73$4,066,969$1,019,802$589,888$2,947,393
74$4,421,228$1,009,201$549,078$3,162,149
75$4,809,714$996,173$504,993$3,397,523
76$5,235,858$980,538$457,463$3,655,633
77$5,703,438$962,107$406,311$3,938,813
78$6,216,618$940,679$351,351$4,249,641
79$6,779,981$916,041$292,390$4,590,959
80$7,398,580$887,968$229,225$4,965,903
81$8,077,977$856,220$161,647$5,377,930
82$8,824,303$820,547$89,434$5,830,857
83$9,644,308$780,680$12,356$6,328,890
84$10,545,432$736,338$0$6,876,671
85$11,535,868$687,221$0$7,496,473
86$12,624,645$633,013$0$8,181,139
87$13,821,709$573,381$0$8,933,922
88$15,138,019$507,972$0$9,761,756
89$16,585,646$436,412$0$10,672,283
90$18,177,893$358,307$0$11,673,926
91$19,929,416$273,242$0$12,775,968
92$21,856,361$180,775$0$13,988,643
93$23,976,520$80,444$0$15,323,228
94$26,309,496$0$0$16,792,155
95$28,876,888$0$0$18,415,030
96$31,702,494$0$0$20,219,724
97$34,812,537$0$0$22,206,177
98$38,235,910$0$0$24,392,855
99$42,004,452$0$0$26,800,107
100$46,153,241$0$0$29,450,353