Can I retire at age 54 with 868,000?

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 $868,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.6%
1 years$71,679$71,040$70,417$69,809$69,216$68,464
2 years$35,484$34,824$34,183$33,562$32,960$32,203
3 years$23,421$22,758$22,119$21,504$20,911$20,173
4 years$17,391$16,729$16,097$15,492$14,914$14,200
5 years$13,774$13,116$12,492$11,899$11,337$10,649
6 years$11,363$10,710$10,095$9,516$8,971$8,310
7 years$9,642$8,994$8,389$7,824$7,296$6,662
8 years$8,351$7,710$7,115$6,563$6,052$5,446
9 years$7,348$6,713$6,128$5,590$5,097$4,517
10 years$6,546$5,917$5,342$4,819$4,343$3,790
11 years$5,890$5,268$4,703$4,194$3,735$3,208
12 years$5,344$4,728$4,174$3,679$3,237$2,735
13 years$4,883$4,273$3,729$3,248$2,823$2,346
14 years$4,487$3,884$3,351$2,883$2,474$2,022
15 years$4,145$3,548$3,025$2,571$2,178$1,750
16 years$3,846$3,255$2,743$2,302$1,925$1,519
17 years$3,582$2,998$2,496$2,068$1,707$1,323
18 years$3,348$2,770$2,278$1,864$1,518$1,155
19 years$3,138$2,567$2,086$1,684$1,353$1,011
20 years$2,950$2,386$1,914$1,525$1,208$886
21 years$2,780$2,222$1,761$1,384$1,081$778
22 years$2,626$2,074$1,623$1,259$969$684
23 years$2,485$1,940$1,498$1,146$870$602
24 years$2,356$1,818$1,386$1,046$782$531
25 years$2,238$1,706$1,283$955$704$468
26 years$2,129$1,603$1,190$873$634$413
27 years$2,028$1,509$1,105$799$572$365
28 years$1,935$1,422$1,028$732$516$323
29 years$1,848$1,341$956$671$466$285
30 years$1,767$1,267$891$616$421$252
31 years$1,691$1,197$830$566$380$223
32 years$1,621$1,133$775$520$344$198
33 years$1,554$1,073$723$478$311$175
34 years$1,492$1,017$676$440$282$155
35 years$1,434$965$632$405$255$138
36 years$1,379$915$591$373$231$122
37 years$1,327$870$553$344$210$108
38 years$1,277$826$518$317$190$96
39 years$1,231$786$485$292$172$85
40 years$1,187$748$455$269$156$76
41 years$1,145$712$427$249$142$67
42 years$1,105$678$400$229$129$59
43 years$1,067$646$376$212$117$53
44 years$1,031$616$353$196$106$47
45 years$997$587$331$181$96$42
46 years$964$560$311$167$87$37
47 years$933$534$292$154$79$33
48 years$903$510$274$142$72$29
49 years$875$487$258$132$65$26
50 years$847$465$243$122$59$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $868,000, adding $4,470 every year, while hoping to spend $52,912 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: 52/34/14 Blend
53$868,000$868,000$868,000$868,000
54$961,147$915,143$901,689$1,007,293
55$1,002,886$903,687$875,597$1,027,881
56$1,047,109$889,896$846,859$1,044,278
57$1,094,013$873,600$815,328$1,060,918
58$1,143,815$854,619$780,854$1,077,839
59$1,196,751$832,762$743,279$1,095,085
60$1,253,078$807,826$702,437$1,112,709
61$1,313,080$779,597$658,156$1,130,771
62$1,377,065$747,849$610,256$1,149,343
63$1,445,374$712,342$558,548$1,168,505
64$1,518,378$672,822$502,835$1,188,352
65$1,596,484$629,022$442,911$1,208,992
66$1,680,138$580,657$378,562$1,230,548
67$1,769,831$527,428$309,562$1,253,163
68$1,866,099$469,017$235,678$1,276,997
69$1,969,533$405,091$156,665$1,302,234
70$2,080,779$335,294$72,267$1,329,081
71$2,200,548$259,253$0$1,357,774
72$2,329,622$176,574$0$1,391,238
73$2,468,856$86,839$0$1,438,809
74$2,619,193$0$0$1,490,061
75$2,781,667$0$0$1,549,311
76$2,957,416$0$0$1,648,614
77$3,147,691$0$0$1,756,197
78$3,353,864$0$0$1,872,845
79$3,577,449$0$0$1,999,422
80$3,820,106$0$0$2,136,881
81$4,083,663$0$0$2,286,265
82$4,370,131$0$0$2,448,727
83$4,681,722$0$0$2,625,532
84$5,020,869$0$0$2,818,072
85$5,390,250$0$0$3,027,881
86$5,792,811$0$0$3,256,645
87$6,231,795$0$0$3,506,220
88$6,710,771$0$0$3,778,650
89$7,233,668$0$0$4,076,183
90$7,804,809$0$0$4,401,297
91$8,428,957$0$0$4,756,717
92$9,111,351$0$0$5,145,443
93$9,857,763$0$0$5,570,782
94$10,674,545$0$0$6,036,370
95$11,568,696$0$0$6,546,216
96$12,547,918$0$0$7,104,732
97$13,620,695$0$0$7,716,776
98$14,796,373$0$0$8,387,700
99$16,085,240$0$0$9,123,400
100$17,498,630$0$0$9,930,365