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%11.5%
1 years$72,257$71,613$70,985$70,372$69,774$69,334
2 years$35,771$35,104$34,459$33,833$33,226$32,782
3 years$23,610$22,941$22,297$21,677$21,080$20,646
4 years$17,531$16,864$16,227$15,617$15,034$14,614
5 years$13,885$13,222$12,593$11,995$11,429$11,023
6 years$11,455$10,797$10,177$9,593$9,043$8,652
7 years$9,719$9,067$8,457$7,887$7,355$6,979
8 years$8,419$7,772$7,172$6,616$6,101$5,741
9 years$7,407$6,767$6,177$5,635$5,138$4,793
10 years$6,599$5,965$5,385$4,858$4,378$4,048
11 years$5,938$5,310$4,741$4,228$3,765$3,449
12 years$5,387$4,766$4,208$3,708$3,263$2,962
13 years$4,922$4,307$3,759$3,274$2,845$2,558
14 years$4,523$3,915$3,378$2,906$2,494$2,221
15 years$4,178$3,576$3,050$2,592$2,196$1,936
16 years$3,877$3,281$2,765$2,321$1,941$1,694
17 years$3,611$3,022$2,516$2,085$1,721$1,487
18 years$3,375$2,792$2,297$1,879$1,530$1,308
19 years$3,164$2,588$2,103$1,698$1,364$1,154
20 years$2,974$2,405$1,930$1,538$1,218$1,020
21 years$2,802$2,240$1,775$1,396$1,090$902
22 years$2,647$2,091$1,636$1,269$977$800
23 years$2,505$1,956$1,510$1,156$877$710
24 years$2,375$1,832$1,397$1,054$788$631
25 years$2,256$1,720$1,294$963$709$561
26 years$2,146$1,616$1,200$880$639$500
27 years$2,044$1,521$1,114$806$576$445
28 years$1,950$1,433$1,036$738$520$397
29 years$1,863$1,352$964$677$469$354
30 years$1,781$1,277$898$621$424$316
31 years$1,705$1,207$837$571$383$283
32 years$1,634$1,142$781$524$347$253
33 years$1,567$1,082$729$482$314$226
34 years$1,504$1,025$681$444$284$202
35 years$1,445$972$637$408$257$181
36 years$1,390$923$596$376$233$162
37 years$1,337$877$558$347$211$145
38 years$1,288$833$522$319$192$129
39 years$1,241$792$489$295$174$116
40 years$1,196$754$459$272$158$104
41 years$1,154$717$430$251$143$93
42 years$1,114$683$403$231$130$83
43 years$1,076$651$379$214$118$75
44 years$1,040$620$355$197$107$67
45 years$1,005$592$334$182$97$60
46 years$972$564$313$168$88$54
47 years$941$539$294$155$80$48
48 years$911$514$277$144$73$43
49 years$882$491$260$133$66$39
50 years$854$469$244$123$60$35

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $875,000, adding $2,318 every year, while hoping to spend $54,740 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: 55/33/12 Blend
53$875,000$875,000$875,000$875,000
54$966,641$920,266$906,704$1,016,717
55$1,006,995$907,116$878,835$1,037,793
56$1,049,631$891,487$848,199$1,054,565
57$1,094,724$873,200$814,643$1,071,547
58$1,142,464$852,065$778,012$1,088,772
59$1,193,059$827,880$738,139$1,106,275
60$1,246,739$800,434$694,854$1,124,099
61$1,303,751$769,500$647,977$1,142,296
62$1,364,369$734,841$597,319$1,160,924
63$1,428,890$696,204$542,685$1,180,053
64$1,497,641$653,322$483,869$1,199,764
65$1,570,979$605,914$420,658$1,220,149
66$1,649,296$553,681$352,827$1,241,314
67$1,733,021$496,307$280,144$1,263,381
68$1,822,624$433,461$202,363$1,286,491
69$1,918,621$364,790$119,231$1,310,802
70$2,021,577$289,922$30,483$1,336,496
71$2,132,113$208,463$0$1,363,779
72$2,250,911$120,000$0$1,401,108
73$2,378,718$24,094$0$1,445,223
74$2,516,354$0$0$1,492,555
75$2,664,722$0$0$1,572,429
76$2,824,813$0$0$1,668,116
77$2,997,714$0$0$1,771,525
78$3,184,620$0$0$1,883,379
79$3,386,848$0$0$2,004,475
80$3,605,840$0$0$2,135,685
81$3,843,186$0$0$2,277,971
82$4,100,632$0$0$2,432,390
83$4,380,099$0$0$2,600,106
84$4,683,699$0$0$2,782,396
85$5,013,757$0$0$2,980,667
86$5,372,829$0$0$3,196,468
87$5,763,728$0$0$3,431,502
88$6,189,548$0$0$3,687,642
89$6,653,697$0$0$3,966,952
90$7,159,923$0$0$4,271,701
91$7,712,352$0$0$4,604,388
92$8,315,525$0$0$4,967,764
93$8,974,442$0$0$5,364,857
94$9,694,606$0$0$5,799,000
95$10,482,078$0$0$6,273,865
96$11,343,528$0$0$6,793,491
97$12,286,303$0$0$7,362,330
98$13,318,492$0$0$7,985,281
99$14,449,002$0$0$8,667,740
100$15,687,643$0$0$9,415,652