Can I retire at age 54 with 875,000?

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 $875,000?

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$72,257$71,613$70,985$70,372$69,774$68,930
2 years$35,771$35,104$34,459$33,833$33,226$32,377
3 years$23,610$22,941$22,297$21,677$21,080$20,252
4 years$17,531$16,864$16,227$15,617$15,034$14,234
5 years$13,885$13,222$12,593$11,995$11,429$10,658
6 years$11,455$10,797$10,177$9,593$9,043$8,303
7 years$9,719$9,067$8,457$7,887$7,355$6,645
8 years$8,419$7,772$7,172$6,616$6,101$5,423
9 years$7,407$6,767$6,177$5,635$5,138$4,490
10 years$6,599$5,965$5,385$4,858$4,378$3,760
11 years$5,938$5,310$4,741$4,228$3,765$3,177
12 years$5,387$4,766$4,208$3,708$3,263$2,704
13 years$4,922$4,307$3,759$3,274$2,845$2,314
14 years$4,523$3,915$3,378$2,906$2,494$1,991
15 years$4,178$3,576$3,050$2,592$2,196$1,719
16 years$3,877$3,281$2,765$2,321$1,941$1,490
17 years$3,611$3,022$2,516$2,085$1,721$1,295
18 years$3,375$2,792$2,297$1,879$1,530$1,128
19 years$3,164$2,588$2,103$1,698$1,364$985
20 years$2,974$2,405$1,930$1,538$1,218$862
21 years$2,802$2,240$1,775$1,396$1,090$755
22 years$2,647$2,091$1,636$1,269$977$662
23 years$2,505$1,956$1,510$1,156$877$582
24 years$2,375$1,832$1,397$1,054$788$511
25 years$2,256$1,720$1,294$963$709$450
26 years$2,146$1,616$1,200$880$639$396
27 years$2,044$1,521$1,114$806$576$349
28 years$1,950$1,433$1,036$738$520$308
29 years$1,863$1,352$964$677$469$272
30 years$1,781$1,277$898$621$424$240
31 years$1,705$1,207$837$571$383$212
32 years$1,634$1,142$781$524$347$187
33 years$1,567$1,082$729$482$314$165
34 years$1,504$1,025$681$444$284$146
35 years$1,445$972$637$408$257$129
36 years$1,390$923$596$376$233$114
37 years$1,337$877$558$347$211$101
38 years$1,288$833$522$319$192$89
39 years$1,241$792$489$295$174$79
40 years$1,196$754$459$272$158$70
41 years$1,154$717$430$251$143$62
42 years$1,114$683$403$231$130$55
43 years$1,076$651$379$214$118$48
44 years$1,040$620$355$197$107$43
45 years$1,005$592$334$182$97$38
46 years$972$564$313$168$88$34
47 years$941$539$294$155$80$30
48 years$911$514$277$144$73$26
49 years$882$491$260$133$66$23
50 years$854$469$244$123$60$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $875,000, adding $4,862 every year, while hoping to spend $37,094 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: 76/18/6 Blend
53$875,000$875,000$875,000$875,000
54$969,265$922,890$909,328$1,041,983
55$1,028,662$928,644$900,322$1,096,188
56$1,092,875$933,437$889,772$1,150,328
57$1,162,355$937,182$877,586$1,208,583
58$1,237,599$939,787$863,669$1,271,348
59$1,319,154$941,156$847,922$1,339,054
60$1,407,619$941,185$830,239$1,412,179
61$1,503,656$939,763$810,512$1,491,248
62$1,607,992$936,774$788,627$1,576,842
63$1,721,425$932,094$764,464$1,669,600
64$1,844,835$925,592$737,898$1,770,223
65$1,979,190$917,127$708,799$1,879,490
66$2,125,553$906,552$677,029$1,998,255
67$2,285,096$893,710$642,447$2,127,462
68$2,459,110$878,435$604,902$2,268,148
69$2,649,012$860,551$564,239$2,421,461
70$2,856,364$839,872$520,295$2,588,663
71$3,082,888$816,199$472,899$2,771,147
72$3,330,474$789,325$421,873$2,970,447
73$3,601,208$759,028$367,031$3,188,257
74$3,897,384$725,073$308,179$3,426,441
75$4,221,529$687,213$245,115$3,687,058
76$4,576,425$645,186$177,627$3,972,374
77$4,965,135$598,716$105,492$4,284,890
78$5,391,035$547,509$28,482$4,627,362
79$5,857,839$491,255$0$5,002,830
80$6,369,640$429,628$0$5,418,081
81$6,930,946$362,282$0$5,875,540
82$7,546,720$288,852$0$6,377,471
83$8,222,430$208,951$0$6,928,381
84$8,964,101$122,172$0$7,533,237
85$9,778,365$28,085$0$8,197,515
86$10,672,533$0$0$8,927,250
87$11,654,654$0$0$9,743,705
88$12,733,597$0$0$10,646,797
89$13,919,133$0$0$11,639,144
90$15,222,024$0$0$12,729,762
91$16,654,130$0$0$13,928,581
92$18,228,513$0$0$15,246,542
93$19,959,567$0$0$16,695,698
94$21,863,148$0$0$18,289,329
95$23,956,727$0$0$20,042,066
96$26,259,553$0$0$21,970,030
97$28,792,833$0$0$24,090,982
98$31,579,934$0$0$26,424,492
99$34,646,602$0$0$28,992,121
100$38,021,203$0$0$31,817,626