Can I retire at age 54 with 872,000?

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 $872,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.9%
1 years$72,009$71,368$70,742$70,131$69,535$68,694
2 years$35,648$34,984$34,341$33,717$33,112$32,266
3 years$23,529$22,862$22,221$21,603$21,007$20,183
4 years$17,471$16,806$16,171$15,564$14,983$14,185
5 years$13,837$13,176$12,549$11,954$11,390$10,622
6 years$11,415$10,760$10,142$9,560$9,012$8,275
7 years$9,686$9,036$8,428$7,860$7,329$6,623
8 years$8,390$7,745$7,147$6,593$6,080$5,404
9 years$7,382$6,744$6,156$5,616$5,121$4,475
10 years$6,576$5,944$5,367$4,841$4,363$3,748
11 years$5,918$5,292$4,725$4,213$3,752$3,166
12 years$5,369$4,750$4,193$3,696$3,252$2,695
13 years$4,905$4,292$3,746$3,263$2,836$2,307
14 years$4,508$3,902$3,366$2,896$2,486$1,984
15 years$4,164$3,564$3,039$2,583$2,189$1,713
16 years$3,863$3,270$2,756$2,313$1,934$1,485
17 years$3,598$3,012$2,507$2,078$1,715$1,290
18 years$3,363$2,783$2,289$1,873$1,525$1,124
19 years$3,153$2,579$2,095$1,692$1,359$982
20 years$2,964$2,397$1,923$1,533$1,214$859
21 years$2,793$2,232$1,769$1,391$1,086$752
22 years$2,638$2,084$1,630$1,265$974$660
23 years$2,496$1,949$1,505$1,152$874$580
24 years$2,367$1,826$1,392$1,050$786$509
25 years$2,248$1,714$1,289$959$707$448
26 years$2,139$1,611$1,196$877$637$395
27 years$2,037$1,516$1,110$803$574$348
28 years$1,943$1,428$1,032$736$518$307
29 years$1,856$1,347$961$675$468$271
30 years$1,775$1,272$895$619$423$239
31 years$1,699$1,203$834$569$382$211
32 years$1,628$1,138$778$523$346$186
33 years$1,562$1,078$727$481$313$165
34 years$1,499$1,022$679$442$283$146
35 years$1,440$969$635$407$257$129
36 years$1,385$920$594$375$232$114
37 years$1,333$874$556$345$211$101
38 years$1,283$830$521$318$191$89
39 years$1,236$789$488$294$173$79
40 years$1,192$751$457$271$157$70
41 years$1,150$715$429$250$143$62
42 years$1,110$681$402$231$129$55
43 years$1,072$649$377$213$117$48
44 years$1,036$618$354$196$107$43
45 years$1,002$590$333$181$97$38
46 years$969$563$312$168$88$34
47 years$937$537$293$155$80$30
48 years$907$512$276$143$72$26
49 years$879$489$259$132$66$23
50 years$851$467$244$122$60$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $872,000, adding $2,553 every year, while hoping to spend $20,381 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: 43/37/20 Blend
53$872,000$872,000$872,000$872,000
54$963,577$917,361$903,845$999,300
55$1,040,177$940,627$912,439$1,048,075
56$1,123,907$964,349$920,637$1,098,700
57$1,215,472$988,530$928,406$1,153,128
58$1,315,651$1,013,168$935,708$1,211,721
59$1,425,298$1,038,264$942,505$1,274,875
60$1,545,356$1,063,816$948,756$1,343,028
61$1,676,861$1,089,822$954,419$1,416,663
62$1,820,958$1,116,281$959,449$1,496,310
63$1,978,904$1,143,186$963,798$1,582,555
64$2,152,085$1,170,535$967,418$1,676,041
65$2,342,027$1,198,321$970,256$1,777,481
66$2,550,412$1,226,537$972,258$1,887,655
67$2,779,092$1,255,175$973,366$2,007,427
68$3,030,105$1,284,225$973,520$2,137,748
69$3,305,700$1,313,676$972,657$2,279,664
70$3,608,351$1,343,515$970,711$2,434,330
71$3,940,785$1,373,729$967,611$2,603,018
72$4,306,005$1,404,302$963,286$2,787,130
73$4,707,320$1,435,215$957,659$2,988,212
74$5,148,375$1,466,450$950,649$3,207,966
75$5,633,187$1,497,983$942,173$3,448,271
76$6,166,179$1,529,791$932,143$3,711,194
77$6,752,226$1,561,848$920,467$3,999,018
78$7,396,699$1,594,124$907,048$4,314,254
79$8,105,514$1,626,588$891,786$4,659,674
80$8,885,190$1,659,205$874,575$5,038,332
81$9,742,910$1,691,936$855,303$5,453,594
82$10,686,587$1,724,742$833,857$5,909,170
83$11,724,941$1,757,576$810,113$6,409,149
84$12,867,580$1,790,392$783,946$6,958,039
85$14,125,088$1,823,137$755,224$7,560,810
86$15,509,131$1,855,754$723,808$8,222,937
87$17,032,559$1,888,182$689,552$8,950,458
88$18,709,534$1,920,357$652,306$9,750,025
89$20,555,659$1,952,208$611,911$10,628,973
90$22,588,129$1,983,659$568,203$11,595,386
91$24,825,888$2,014,628$521,007$12,658,174
92$27,289,812$2,045,028$470,144$13,827,158
93$30,002,904$2,074,766$415,426$15,113,164
94$32,990,512$2,103,741$356,654$16,528,123
95$36,280,567$2,131,846$293,624$18,085,185
96$39,903,845$2,158,967$226,121$19,798,848
97$43,894,261$2,184,981$153,920$21,685,086
98$48,289,187$2,209,756$76,788$23,761,511
99$53,129,803$2,233,153$0$26,047,531
100$58,461,488$2,255,023$0$28,565,719