Can I retire at age 54 with 870,000?

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 $870,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.7%
1 years$71,844$71,204$70,579$69,970$69,375$67,753
2 years$35,566$34,904$34,262$33,639$33,036$31,411
3 years$23,475$22,810$22,170$21,553$20,959$19,382
4 years$17,431$16,768$16,134$15,528$14,948$13,431
5 years$13,805$13,146$12,521$11,927$11,363$9,911
6 years$11,389$10,735$10,118$9,538$8,992$7,604
7 years$9,664$9,015$8,408$7,842$7,313$5,991
8 years$8,371$7,728$7,131$6,578$6,066$4,811
9 years$7,365$6,728$6,142$5,603$5,109$3,917
10 years$6,561$5,931$5,355$4,830$4,353$3,225
11 years$5,904$5,280$4,714$4,204$3,744$2,677
12 years$5,357$4,739$4,184$3,687$3,244$2,237
13 years$4,894$4,282$3,738$3,255$2,829$1,880
14 years$4,498$3,893$3,359$2,890$2,480$1,587
15 years$4,154$3,556$3,032$2,577$2,183$1,344
16 years$3,854$3,263$2,749$2,307$1,930$1,142
17 years$3,590$3,005$2,502$2,073$1,711$973
18 years$3,355$2,776$2,284$1,868$1,521$831
19 years$3,145$2,573$2,091$1,688$1,356$711
20 years$2,957$2,391$1,919$1,529$1,211$609
21 years$2,786$2,227$1,765$1,388$1,084$522
22 years$2,632$2,079$1,627$1,262$972$448
23 years$2,491$1,945$1,502$1,149$872$385
24 years$2,362$1,822$1,389$1,048$784$331
25 years$2,243$1,710$1,286$957$705$285
26 years$2,134$1,607$1,193$875$635$246
27 years$2,033$1,512$1,108$801$573$212
28 years$1,939$1,425$1,030$734$517$182
29 years$1,852$1,344$958$673$467$157
30 years$1,771$1,270$893$618$422$136
31 years$1,695$1,200$832$567$381$117
32 years$1,624$1,136$777$521$345$101
33 years$1,558$1,075$725$479$312$87
34 years$1,496$1,019$677$441$283$75
35 years$1,437$967$633$406$256$65
36 years$1,382$918$593$374$232$56
37 years$1,330$872$555$345$210$48
38 years$1,280$828$519$318$191$42
39 years$1,234$788$487$293$173$36
40 years$1,189$749$456$270$157$31
41 years$1,147$713$428$249$142$27
42 years$1,108$679$401$230$129$23
43 years$1,070$647$376$212$117$20
44 years$1,034$617$353$196$106$17
45 years$999$588$332$181$97$15
46 years$967$561$312$167$88$13
47 years$935$536$293$154$80$11
48 years$905$511$275$143$72$10
49 years$877$488$259$132$66$8
50 years$849$466$243$122$60$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $870,000, adding $3,336 every year, while hoping to spend $24,962 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: 22/49/29 Blend
53$870,000$870,000$870,000$870,000
54$962,181$916,071$902,586$974,466
55$1,033,764$934,399$906,263$1,004,029
56$1,111,812$952,789$909,227$1,033,338
57$1,196,958$971,216$911,427$1,064,161
58$1,289,899$989,657$912,811$1,096,637
59$1,391,401$1,008,083$913,323$1,130,921
60$1,502,309$1,026,464$912,905$1,167,186
61$1,623,554$1,044,770$911,496$1,205,622
62$1,756,157$1,062,964$909,032$1,246,441
63$1,901,246$1,081,011$905,446$1,289,876
64$2,060,063$1,098,870$900,667$1,336,187
65$2,233,972$1,116,498$894,623$1,385,661
66$2,424,480$1,133,848$887,235$1,438,616
67$2,633,242$1,150,872$878,423$1,495,404
68$2,862,085$1,167,517$868,102$1,556,415
69$3,113,017$1,183,725$856,183$1,622,080
70$3,388,253$1,199,436$842,573$1,692,877
71$3,690,231$1,214,584$827,175$1,769,335
72$4,021,636$1,229,100$809,888$1,852,038
73$4,385,427$1,242,911$790,603$1,941,634
74$4,784,863$1,255,936$769,211$2,038,839
75$5,223,533$1,268,091$745,594$2,144,444
76$5,705,392$1,279,286$719,629$2,259,326
77$6,234,796$1,289,425$691,191$2,384,453
78$6,816,544$1,298,405$660,144$2,520,895
79$7,455,923$1,306,118$626,350$2,669,838
80$8,158,757$1,312,448$589,663$2,832,590
81$8,931,464$1,317,272$549,931$3,010,598
82$9,781,113$1,320,458$506,993$3,205,461
83$10,715,493$1,321,867$460,684$3,418,946
84$11,743,187$1,321,352$410,830$3,653,005
85$12,873,649$1,318,754$357,250$3,909,796
86$14,117,296$1,313,909$299,753$4,191,701
87$15,485,607$1,306,637$238,142$4,501,354
88$16,991,230$1,296,753$172,210$4,841,663
89$18,648,097$1,284,056$101,741$5,215,837
90$20,471,563$1,268,335$26,510$5,627,425
91$22,478,546$1,249,367$0$6,080,341
92$24,687,686$1,226,914$0$6,595,550
93$27,119,522$1,200,725$0$7,171,021
94$29,796,687$1,170,534$0$7,803,893
95$32,744,119$1,136,060$0$8,500,065
96$35,989,296$1,097,004$0$9,266,046
97$39,562,497$1,053,050$0$10,109,013
98$43,497,087$1,003,864$0$11,036,884
99$47,829,830$949,094$0$12,058,389
100$52,601,239$888,366$0$13,183,156