Can I retire at age 54 with 876,000?

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 $876,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.6%
1 years$72,339$71,695$71,066$70,453$69,853$67,699
2 years$35,812$35,145$34,498$33,871$33,264$31,112
3 years$23,637$22,967$22,323$21,702$21,104$19,022
4 years$17,551$16,883$16,245$15,635$15,051$13,056
5 years$13,901$13,237$12,607$12,009$11,442$9,538
6 years$11,468$10,809$10,188$9,604$9,054$7,243
7 years$9,730$9,077$8,466$7,896$7,363$5,645
8 years$8,428$7,781$7,180$6,624$6,108$4,482
9 years$7,416$6,775$6,184$5,642$5,144$3,608
10 years$6,606$5,972$5,392$4,863$4,383$2,935
11 years$5,945$5,316$4,747$4,233$3,770$2,407
12 years$5,394$4,771$4,213$3,713$3,267$1,987
13 years$4,928$4,312$3,764$3,278$2,849$1,648
14 years$4,529$3,919$3,382$2,909$2,497$1,373
15 years$4,183$3,581$3,053$2,595$2,199$1,148
16 years$3,881$3,285$2,768$2,323$1,943$962
17 years$3,615$3,025$2,519$2,087$1,723$809
18 years$3,378$2,796$2,299$1,881$1,532$681
19 years$3,167$2,591$2,105$1,700$1,365$574
20 years$2,977$2,408$1,932$1,540$1,220$484
21 years$2,806$2,243$1,777$1,397$1,091$409
22 years$2,650$2,093$1,638$1,270$978$346
23 years$2,508$1,958$1,512$1,157$878$293
24 years$2,378$1,834$1,399$1,055$789$248
25 years$2,258$1,722$1,295$964$710$211
26 years$2,148$1,618$1,201$881$640$179
27 years$2,047$1,523$1,116$807$577$152
28 years$1,952$1,435$1,037$739$520$129
29 years$1,865$1,354$965$678$470$109
30 years$1,783$1,278$899$622$425$93
31 years$1,707$1,208$838$571$384$79
32 years$1,636$1,143$782$525$347$67
33 years$1,569$1,083$730$483$314$57
34 years$1,506$1,026$682$444$285$48
35 years$1,447$973$638$409$258$41
36 years$1,391$924$597$377$234$35
37 years$1,339$878$558$347$212$30
38 years$1,289$834$523$320$192$25
39 years$1,242$793$490$295$174$21
40 years$1,198$754$459$272$158$18
41 years$1,155$718$431$251$143$15
42 years$1,115$684$404$232$130$13
43 years$1,077$652$379$214$118$11
44 years$1,041$621$356$197$107$10
45 years$1,006$592$334$182$97$8
46 years$973$565$314$168$88$7
47 years$942$539$295$156$80$6
48 years$912$515$277$144$73$5
49 years$883$492$260$133$66$4
50 years$855$470$245$123$60$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $876,000, adding $2,569 every year, while hoping to spend $26,012 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: 40/35/25 Blend
53$876,000$876,000$876,000$876,000
54$968,002$921,574$907,996$999,479
55$1,039,062$939,054$910,737$1,039,940
56$1,116,497$956,520$912,699$1,081,050
57$1,200,933$973,942$913,826$1,125,017
58$1,293,052$991,289$914,064$1,172,115
59$1,393,612$1,008,531$913,353$1,222,652
60$1,503,441$1,025,630$911,632$1,276,963
61$1,623,455$1,042,548$908,834$1,335,422
62$1,754,660$1,059,246$904,893$1,398,439
63$1,898,165$1,075,679$899,736$1,466,469
64$2,055,190$1,091,799$893,290$1,540,012
65$2,227,079$1,107,557$885,475$1,619,624
66$2,415,312$1,122,898$876,209$1,705,914
67$2,621,519$1,137,765$865,407$1,799,559
68$2,847,494$1,152,095$852,978$1,901,302
69$3,095,213$1,165,823$838,828$2,011,968
70$3,366,854$1,178,878$822,858$2,132,463
71$3,664,814$1,191,184$804,964$2,263,791
72$3,991,734$1,202,661$785,040$2,407,058
73$4,350,523$1,213,223$762,970$2,563,486
74$4,744,385$1,222,779$738,638$2,734,423
75$5,176,849$1,231,232$711,920$2,921,357
76$5,651,803$1,238,478$682,685$3,125,932
77$6,173,531$1,244,407$650,798$3,349,958
78$6,746,750$1,248,902$616,118$3,595,437
79$7,376,658$1,251,838$578,498$3,864,576
80$8,068,981$1,253,082$537,782$4,159,811
81$8,830,028$1,252,495$493,809$4,483,829
82$9,666,750$1,249,925$446,410$4,839,596
83$10,586,803$1,245,216$395,410$5,230,382
84$11,598,624$1,238,199$340,623$5,659,799
85$12,711,507$1,228,695$281,858$6,131,827
86$13,935,695$1,216,514$218,913$6,650,860
87$15,282,469$1,201,456$151,580$7,221,744
88$16,764,262$1,183,309$79,639$7,849,823
89$18,394,771$1,161,846$2,862$8,540,996
90$20,189,091$1,136,829$0$9,301,764
91$22,163,849$1,108,005$0$10,160,395
92$24,337,370$1,075,106$0$11,105,893
93$26,729,844$1,037,848$0$12,146,289
94$29,363,517$995,932$0$13,291,278
95$32,262,903$949,039$0$14,551,549
96$35,455,011$896,834$0$15,938,885
97$38,969,605$838,962$0$17,466,273
98$42,839,481$775,047$0$19,148,032
99$47,100,775$704,692$0$20,999,944
100$51,793,310$627,477$0$23,039,408