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%15.8%
1 years$72,257$71,613$70,985$70,372$69,774$68,115
2 years$35,771$35,104$34,459$33,833$33,226$31,564
3 years$23,610$22,941$22,297$21,677$21,080$19,467
4 years$17,531$16,864$16,227$15,617$15,034$13,483
5 years$13,885$13,222$12,593$11,995$11,429$9,944
6 years$11,455$10,797$10,177$9,593$9,043$7,626
7 years$9,719$9,067$8,457$7,887$7,355$6,005
8 years$8,419$7,772$7,172$6,616$6,101$4,819
9 years$7,407$6,767$6,177$5,635$5,138$3,922
10 years$6,599$5,965$5,385$4,858$4,378$3,226
11 years$5,938$5,310$4,741$4,228$3,765$2,676
12 years$5,387$4,766$4,208$3,708$3,263$2,235
13 years$4,922$4,307$3,759$3,274$2,845$1,877
14 years$4,523$3,915$3,378$2,906$2,494$1,583
15 years$4,178$3,576$3,050$2,592$2,196$1,340
16 years$3,877$3,281$2,765$2,321$1,941$1,138
17 years$3,611$3,022$2,516$2,085$1,721$969
18 years$3,375$2,792$2,297$1,879$1,530$827
19 years$3,164$2,588$2,103$1,698$1,364$706
20 years$2,974$2,405$1,930$1,538$1,218$605
21 years$2,802$2,240$1,775$1,396$1,090$518
22 years$2,647$2,091$1,636$1,269$977$445
23 years$2,505$1,956$1,510$1,156$877$382
24 years$2,375$1,832$1,397$1,054$788$328
25 years$2,256$1,720$1,294$963$709$282
26 years$2,146$1,616$1,200$880$639$243
27 years$2,044$1,521$1,114$806$576$209
28 years$1,950$1,433$1,036$738$520$180
29 years$1,863$1,352$964$677$469$155
30 years$1,781$1,277$898$621$424$134
31 years$1,705$1,207$837$571$383$115
32 years$1,634$1,142$781$524$347$99
33 years$1,567$1,082$729$482$314$86
34 years$1,504$1,025$681$444$284$74
35 years$1,445$972$637$408$257$64
36 years$1,390$923$596$376$233$55
37 years$1,337$877$558$347$211$47
38 years$1,288$833$522$319$192$41
39 years$1,241$792$489$295$174$35
40 years$1,196$754$459$272$158$31
41 years$1,154$717$430$251$143$26
42 years$1,114$683$403$231$130$23
43 years$1,076$651$379$214$118$20
44 years$1,040$620$355$197$107$17
45 years$1,005$592$334$182$97$15
46 years$972$564$313$168$88$13
47 years$941$539$294$155$80$11
48 years$911$514$277$144$73$9
49 years$882$491$260$133$66$8
50 years$854$469$244$123$60$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $875,000, adding $3,849 every year, while hoping to spend $26,873 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: 53/19/28 Blend
53$875,000$875,000$875,000$875,000
54$968,220$921,845$908,283$1,011,782
55$1,038,386$938,423$910,118$1,058,967
56$1,114,808$954,912$911,113$1,107,242
57$1,198,096$971,281$911,213$1,159,246
58$1,288,921$987,493$910,358$1,215,347
59$1,388,022$1,003,511$908,486$1,275,950
60$1,496,212$1,019,294$905,531$1,341,504
61$1,614,385$1,034,799$901,426$1,412,503
62$1,743,526$1,049,979$896,098$1,489,493
63$1,884,722$1,064,783$889,473$1,573,074
64$2,039,164$1,079,159$881,472$1,663,912
65$2,208,170$1,093,048$872,012$1,762,738
66$2,393,185$1,106,390$861,007$1,870,362
67$2,595,806$1,119,118$848,366$1,987,676
68$2,817,787$1,131,164$833,995$2,115,663
69$3,061,062$1,142,452$817,795$2,255,410
70$3,327,761$1,152,903$799,661$2,408,115
71$3,620,229$1,162,431$779,486$2,575,099
72$3,941,049$1,170,947$757,156$2,757,821
73$4,293,067$1,178,354$732,551$2,957,888
74$4,679,417$1,184,551$705,549$3,177,074
75$5,103,551$1,189,427$676,018$3,417,339
76$5,569,271$1,192,868$643,823$3,680,838
77$6,080,768$1,194,749$608,823$3,969,955
78$6,642,656$1,194,941$570,867$4,287,316
79$7,260,018$1,193,304$529,802$4,635,816
80$7,938,455$1,189,692$485,466$5,018,652
81$8,684,137$1,183,946$437,689$5,439,346
82$9,503,861$1,175,902$386,293$5,901,785
83$10,405,116$1,165,382$331,096$6,410,254
84$11,396,153$1,152,201$271,902$6,969,479
85$12,486,062$1,136,160$208,512$7,584,671
86$13,684,857$1,117,049$140,715$8,261,577
87$15,003,574$1,094,646$68,290$9,006,535
88$16,454,371$1,068,716$0$9,826,532
89$18,050,642$1,039,008$0$10,731,963
90$19,807,148$1,005,260$0$11,750,581
91$21,740,150$967,191$0$12,871,405
92$23,867,568$924,506$0$14,104,841
93$26,209,145$876,891$0$15,462,358
94$28,786,636$824,017$0$16,956,595
95$31,624,012$765,533$0$18,601,483
96$34,747,686$701,070$0$20,412,373
97$38,186,763$630,235$0$22,406,186
98$41,973,312$552,616$0$24,601,570
99$46,142,672$467,776$0$27,019,077
100$50,733,781$375,253$0$29,681,355