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%12.8%
1 years$73,330$72,677$72,040$71,418$70,810$69,984
2 years$36,302$35,626$34,971$34,335$33,719$32,887
3 years$23,961$23,282$22,628$21,999$21,393$20,581
4 years$17,792$17,115$16,468$15,849$15,258$14,472
5 years$14,091$13,418$12,780$12,174$11,599$10,842
6 years$11,625$10,957$10,328$9,735$9,178$8,451
7 years$9,864$9,202$8,582$8,004$7,464$6,768
8 years$8,544$7,887$7,279$6,714$6,192$5,526
9 years$7,517$6,867$6,269$5,719$5,215$4,578
10 years$6,697$6,053$5,466$4,930$4,443$3,836
11 years$6,026$5,389$4,812$4,291$3,821$3,243
12 years$5,467$4,837$4,270$3,763$3,311$2,762
13 years$4,995$4,371$3,815$3,322$2,888$2,366
14 years$4,591$3,973$3,428$2,949$2,531$2,036
15 years$4,240$3,630$3,095$2,630$2,229$1,760
16 years$3,934$3,330$2,806$2,355$1,970$1,526
17 years$3,664$3,067$2,553$2,116$1,746$1,327
18 years$3,425$2,834$2,331$1,907$1,553$1,157
19 years$3,211$2,626$2,134$1,723$1,384$1,011
20 years$3,018$2,441$1,958$1,561$1,236$885
21 years$2,844$2,273$1,801$1,416$1,106$776
22 years$2,686$2,122$1,660$1,288$992$681
23 years$2,542$1,985$1,533$1,173$890$599
24 years$2,410$1,860$1,418$1,070$800$527
25 years$2,289$1,745$1,313$977$720$464
26 years$2,178$1,640$1,218$893$649$409
27 years$2,075$1,544$1,131$818$585$361
28 years$1,979$1,454$1,051$749$528$318
29 years$1,890$1,372$978$687$476$281
30 years$1,808$1,296$911$630$430$248
31 years$1,730$1,225$850$579$389$219
32 years$1,658$1,159$793$532$352$194
33 years$1,590$1,098$740$489$319$171
34 years$1,527$1,040$691$450$288$152
35 years$1,467$987$646$414$261$134
36 years$1,410$937$605$382$237$119
37 years$1,357$890$566$352$215$105
38 years$1,307$845$530$324$195$93
39 years$1,259$804$497$299$176$82
40 years$1,214$765$465$276$160$73
41 years$1,171$728$436$254$145$65
42 years$1,131$693$409$235$132$57
43 years$1,092$661$384$217$120$51
44 years$1,055$630$361$200$108$45
45 years$1,020$600$339$185$98$40
46 years$987$573$318$171$89$35
47 years$955$547$299$158$81$31
48 years$924$522$281$146$74$28
49 years$895$498$264$135$67$25
50 years$867$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 $888,000, adding $3,452 every year, while hoping to spend $29,490 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: 37/36/27 Blend
53$888,000$888,000$888,000$888,000
54$982,137$935,073$921,309$1,010,434
55$1,050,938$949,514$920,795$1,046,049
56$1,125,768$963,675$919,277$1,081,547
57$1,207,211$977,510$916,687$1,119,323
58$1,295,910$990,971$912,960$1,159,600
59$1,392,571$1,004,007$908,022$1,202,628
60$1,497,973$1,016,563$901,801$1,248,682
61$1,612,972$1,028,581$894,217$1,298,068
62$1,738,510$1,039,996$885,188$1,351,123
63$1,875,625$1,050,743$874,629$1,408,221
64$2,025,459$1,060,749$862,449$1,469,776
65$2,189,269$1,069,940$848,555$1,536,246
66$2,368,441$1,078,233$832,847$1,608,137
67$2,564,497$1,085,542$815,223$1,686,009
68$2,779,118$1,091,775$795,575$1,770,482
69$3,014,150$1,096,834$773,789$1,862,240
70$3,271,630$1,100,616$749,747$1,962,043
71$3,553,799$1,103,009$723,327$2,070,727
72$3,863,126$1,103,895$694,397$2,189,219
73$4,202,329$1,103,151$662,825$2,318,542
74$4,574,405$1,100,643$628,467$2,459,829
75$4,982,650$1,096,230$591,176$2,614,329
76$5,430,698$1,089,763$550,798$2,783,426
77$5,922,551$1,081,084$507,172$2,968,645
78$6,462,618$1,070,024$460,129$3,171,674
79$7,055,755$1,056,405$409,493$3,394,377
80$7,707,311$1,040,038$355,081$3,638,812
81$8,423,180$1,020,722$296,699$3,907,253
82$9,209,853$998,247$234,147$4,202,212
83$10,074,484$972,387$167,217$4,526,461
84$11,024,952$942,904$95,689$4,883,063
85$12,069,938$909,548$19,336$5,275,399
86$13,219,006$872,050$0$5,707,202
87$14,482,695$830,130$0$6,200,497
88$15,872,613$783,490$0$6,749,036
89$17,401,552$731,814$0$7,352,341
90$19,083,606$674,768$0$8,016,030
91$20,934,302$612,001$0$8,746,301
92$22,970,752$543,139$0$9,549,990
93$25,211,805$467,790$0$10,434,634
94$27,678,234$385,536$0$11,408,544
95$30,392,926$295,939$0$12,480,886
96$33,381,099$198,535$0$13,661,767
97$36,670,540$92,832$0$14,962,329
98$40,291,868$0$0$16,394,863
99$44,278,822$0$0$17,981,507
100$48,668,575$0$0$19,769,094