Can I retire at age 54 with 888,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%18.7%
1 years$73,330$72,677$72,040$71,418$70,810$68,325
2 years$36,302$35,626$34,971$34,335$33,719$31,241
3 years$23,961$23,282$22,628$21,999$21,393$19,000
4 years$17,792$17,115$16,468$15,849$15,258$12,969
5 years$14,091$13,418$12,780$12,174$11,599$9,419
6 years$11,625$10,957$10,328$9,735$9,178$7,110
7 years$9,864$9,202$8,582$8,004$7,464$5,507
8 years$8,544$7,887$7,279$6,714$6,192$4,344
9 years$7,517$6,867$6,269$5,719$5,215$3,474
10 years$6,697$6,053$5,466$4,930$4,443$2,806
11 years$6,026$5,389$4,812$4,291$3,821$2,285
12 years$5,467$4,837$4,270$3,763$3,311$1,872
13 years$4,995$4,371$3,815$3,322$2,888$1,542
14 years$4,591$3,973$3,428$2,949$2,531$1,275
15 years$4,240$3,630$3,095$2,630$2,229$1,057
16 years$3,934$3,330$2,806$2,355$1,970$879
17 years$3,664$3,067$2,553$2,116$1,746$733
18 years$3,425$2,834$2,331$1,907$1,553$612
19 years$3,211$2,626$2,134$1,723$1,384$512
20 years$3,018$2,441$1,958$1,561$1,236$428
21 years$2,844$2,273$1,801$1,416$1,106$359
22 years$2,686$2,122$1,660$1,288$992$301
23 years$2,542$1,985$1,533$1,173$890$253
24 years$2,410$1,860$1,418$1,070$800$212
25 years$2,289$1,745$1,313$977$720$178
26 years$2,178$1,640$1,218$893$649$150
27 years$2,075$1,544$1,131$818$585$126
28 years$1,979$1,454$1,051$749$528$106
29 years$1,890$1,372$978$687$476$89
30 years$1,808$1,296$911$630$430$75
31 years$1,730$1,225$850$579$389$63
32 years$1,658$1,159$793$532$352$53
33 years$1,590$1,098$740$489$319$45
34 years$1,527$1,040$691$450$288$38
35 years$1,467$987$646$414$261$32
36 years$1,410$937$605$382$237$27
37 years$1,357$890$566$352$215$23
38 years$1,307$845$530$324$195$19
39 years$1,259$804$497$299$176$16
40 years$1,214$765$465$276$160$13
41 years$1,171$728$436$254$145$11
42 years$1,131$693$409$235$132$10
43 years$1,092$661$384$217$120$8
44 years$1,055$630$361$200$108$7
45 years$1,020$600$339$185$98$6
46 years$987$573$318$171$89$5
47 years$955$547$299$158$81$4
48 years$924$522$281$146$74$3
49 years$895$498$264$135$67$3
50 years$867$476$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 $888,000, adding $4,884 every year, while hoping to spend $36,686 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: 57/30/13 Blend
53$888,000$888,000$888,000$888,000
54$983,614$936,550$922,786$1,036,171
55$1,044,909$943,407$914,666$1,079,142
56$1,111,226$949,371$905,044$1,121,478
57$1,183,040$954,359$893,831$1,166,748
58$1,260,870$958,283$880,935$1,215,240
59$1,345,290$961,049$866,257$1,267,270
60$1,436,928$962,559$849,695$1,323,189
61$1,536,478$962,708$831,143$1,383,385
62$1,644,701$961,383$810,489$1,448,287
63$1,762,435$958,465$787,614$1,518,366
64$1,890,602$953,828$762,398$1,594,148
65$2,030,216$947,339$734,711$1,676,209
66$2,182,395$938,855$704,421$1,765,188
67$2,348,366$928,226$671,386$1,861,791
68$2,529,482$915,292$635,460$1,966,798
69$2,727,233$899,884$596,491$2,081,070
70$2,943,255$881,823$554,318$2,205,560
71$3,179,354$860,920$508,775$2,341,317
72$3,437,516$836,972$459,686$2,489,502
73$3,719,926$809,768$406,870$2,651,399
74$4,028,994$779,082$350,136$2,828,424
75$4,367,371$744,676$289,284$3,022,139
76$4,737,975$706,297$224,108$3,234,273
77$5,144,023$663,680$154,390$3,466,731
78$5,589,055$616,542$79,903$3,721,619
79$6,076,971$564,585$412$4,001,262
80$6,612,066$507,494$0$4,308,224
81$7,199,071$444,936$0$4,657,048
82$7,843,197$376,558$0$5,039,974
83$8,550,182$301,989$0$5,460,431
84$9,326,351$220,836$0$5,922,267
85$10,178,666$132,684$0$6,429,726
86$11,114,799$37,096$0$6,987,488
87$12,143,202$0$0$7,600,718
88$13,273,186$0$0$8,297,026
89$14,515,005$0$0$9,075,790
90$15,879,961$0$0$9,931,861
91$17,380,502$0$0$10,873,057
92$19,030,343$0$0$11,907,992
93$20,844,594$0$0$13,046,155
94$22,839,904$0$0$14,298,003
95$25,034,613$0$0$15,675,055
96$27,448,931$0$0$17,190,004
97$30,105,125$0$0$18,856,835
98$33,027,727$0$0$20,690,956
99$36,243,768$0$0$22,709,345
100$39,783,033$0$0$24,930,710