Can I retire at age 54 with 871,000?

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 $871,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.3%
1 years$71,926$71,286$70,661$70,051$69,455$67,124
2 years$35,607$34,944$34,301$33,678$33,074$30,749
3 years$23,502$22,836$22,195$21,578$20,983$18,737
4 years$17,451$16,787$16,152$15,546$14,965$12,815
5 years$13,821$13,161$12,535$11,941$11,377$9,327
6 years$11,402$10,747$10,130$9,549$9,002$7,056
7 years$9,675$9,025$8,418$7,851$7,321$5,477
8 years$8,380$7,736$7,139$6,586$6,073$4,331
9 years$7,374$6,736$6,149$5,610$5,115$3,472
10 years$6,569$5,937$5,361$4,836$4,358$2,812
11 years$5,911$5,286$4,720$4,208$3,748$2,296
12 years$5,363$4,744$4,189$3,691$3,248$1,886
13 years$4,900$4,287$3,742$3,259$2,832$1,557
14 years$4,503$3,897$3,362$2,893$2,483$1,291
15 years$4,159$3,560$3,036$2,580$2,186$1,074
16 years$3,859$3,266$2,752$2,310$1,932$896
17 years$3,594$3,008$2,505$2,076$1,713$749
18 years$3,359$2,780$2,286$1,870$1,523$627
19 years$3,149$2,576$2,093$1,690$1,358$526
20 years$2,960$2,394$1,921$1,531$1,213$442
21 years$2,790$2,230$1,767$1,389$1,085$371
22 years$2,635$2,081$1,628$1,263$973$312
23 years$2,494$1,947$1,504$1,150$873$263
24 years$2,364$1,824$1,391$1,049$785$222
25 years$2,246$1,712$1,288$958$706$187
26 years$2,136$1,609$1,194$876$636$157
27 years$2,035$1,514$1,109$802$574$133
28 years$1,941$1,427$1,031$735$518$112
29 years$1,854$1,346$960$674$467$95
30 years$1,773$1,271$894$618$422$80
31 years$1,697$1,202$833$568$382$67
32 years$1,626$1,137$777$522$345$57
33 years$1,560$1,077$726$480$313$48
34 years$1,497$1,020$678$442$283$41
35 years$1,439$968$634$407$256$34
36 years$1,383$919$593$374$232$29
37 years$1,331$873$555$345$210$25
38 years$1,282$829$520$318$191$21
39 years$1,235$788$487$293$173$18
40 years$1,191$750$457$270$157$15
41 years$1,149$714$428$249$142$13
42 years$1,109$680$402$230$129$11
43 years$1,071$648$377$213$117$9
44 years$1,035$618$354$196$106$8
45 years$1,000$589$332$181$97$6
46 years$968$562$312$167$88$5
47 years$936$536$293$155$80$5
48 years$906$512$275$143$72$4
49 years$878$489$259$132$66$3
50 years$850$467$243$122$60$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $871,000, adding $6,409 every year, while hoping to spend $21,450 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: 41/45/14 Blend
53$871,000$871,000$871,000$871,000
54$966,453$920,290$906,789$1,001,836
55$1,042,208$942,561$914,344$1,049,688
56$1,124,972$965,205$921,433$1,098,846
57$1,215,436$988,217$928,018$1,151,586
58$1,314,363$1,011,592$934,059$1,208,244
59$1,422,591$1,035,323$939,513$1,269,189
60$1,541,044$1,059,403$944,335$1,334,829
61$1,670,740$1,083,823$948,480$1,405,613
62$1,812,799$1,108,574$951,898$1,482,036
63$1,968,455$1,133,645$954,537$1,564,642
64$2,139,067$1,159,022$956,343$1,654,031
65$2,326,130$1,184,693$957,259$1,750,866
66$2,531,294$1,210,642$957,226$1,855,874
67$2,756,373$1,236,850$956,180$1,969,859
68$3,003,367$1,263,300$954,056$2,093,706
69$3,274,479$1,289,970$950,785$2,228,390
70$3,572,134$1,316,837$946,295$2,374,985
71$3,899,005$1,343,875$940,509$2,534,677
72$4,258,036$1,371,058$933,349$2,708,771
73$4,652,471$1,398,355$924,731$2,898,707
74$5,085,881$1,425,732$914,568$3,106,069
75$5,562,204$1,453,156$902,768$3,332,608
76$6,085,774$1,480,586$889,237$3,580,250
77$6,661,370$1,507,981$873,873$3,851,119
78$7,294,254$1,535,297$856,572$4,147,557
79$7,990,225$1,562,484$837,225$4,472,146
80$8,755,672$1,589,489$815,716$4,827,730
81$9,597,633$1,616,257$791,925$5,217,445
82$10,523,865$1,642,727$765,727$5,644,750
83$11,542,911$1,668,832$736,991$6,113,454
84$12,664,186$1,694,504$705,579$6,627,760
85$13,898,065$1,719,666$671,347$7,192,297
86$15,255,976$1,744,238$634,146$7,812,170
87$16,750,514$1,768,134$593,818$8,493,006
88$18,395,555$1,791,261$550,200$9,241,007
89$20,206,390$1,813,521$503,120$10,063,012
90$22,199,866$1,834,808$452,399$10,966,555
91$24,394,549$1,855,010$397,850$11,959,946
92$26,810,893$1,874,006$339,278$13,052,342
93$29,471,439$1,891,667$276,480$14,253,836
94$32,401,025$1,907,858$209,241$15,575,556
95$35,627,019$1,922,433$137,340$17,029,766
96$39,179,579$1,935,236$60,544$18,629,986
97$43,091,936$1,946,102$0$20,391,118
98$47,400,708$1,954,856$0$22,332,785
99$52,146,248$1,961,311$0$24,479,754
100$57,373,018$1,965,268$0$26,842,967