Can I retire at age 54 with 878,000?

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 $878,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.3%
1 years$72,504$71,859$71,228$70,613$70,013$67,664
2 years$35,893$35,225$34,577$33,949$33,340$30,996
3 years$23,691$23,020$22,374$21,751$21,152$18,887
4 years$17,591$16,922$16,282$15,671$15,086$12,918
5 years$13,932$13,267$12,636$12,037$11,468$9,402
6 years$11,494$10,834$10,212$9,626$9,074$7,112
7 years$9,753$9,098$8,486$7,914$7,380$5,521
8 years$8,447$7,799$7,197$6,639$6,122$4,366
9 years$7,433$6,790$6,198$5,655$5,156$3,500
10 years$6,622$5,985$5,404$4,874$4,393$2,835
11 years$5,958$5,328$4,758$4,242$3,778$2,314
12 years$5,406$4,782$4,222$3,721$3,274$1,901
13 years$4,939$4,322$3,772$3,285$2,855$1,570
14 years$4,539$3,928$3,389$2,916$2,503$1,301
15 years$4,193$3,589$3,060$2,601$2,204$1,083
16 years$3,890$3,293$2,775$2,329$1,948$903
17 years$3,623$3,032$2,525$2,092$1,727$755
18 years$3,386$2,802$2,305$1,886$1,535$632
19 years$3,174$2,597$2,110$1,704$1,369$530
20 years$2,984$2,413$1,936$1,543$1,222$445
21 years$2,812$2,248$1,781$1,400$1,094$374
22 years$2,656$2,098$1,642$1,273$981$315
23 years$2,514$1,962$1,516$1,160$880$265
24 years$2,383$1,839$1,402$1,058$791$223
25 years$2,264$1,725$1,298$966$712$188
26 years$2,153$1,622$1,204$883$641$159
27 years$2,051$1,526$1,118$808$578$134
28 years$1,957$1,438$1,039$741$522$113
29 years$1,869$1,357$967$679$471$95
30 years$1,787$1,281$901$623$426$81
31 years$1,711$1,211$840$572$385$68
32 years$1,639$1,146$784$526$348$57
33 years$1,572$1,085$732$484$315$49
34 years$1,509$1,029$684$445$285$41
35 years$1,450$976$639$410$258$35
36 years$1,394$926$598$377$234$29
37 years$1,342$880$560$348$212$25
38 years$1,292$836$524$321$192$21
39 years$1,245$795$491$296$174$18
40 years$1,200$756$460$273$158$15
41 years$1,158$720$432$251$144$13
42 years$1,118$686$405$232$130$11
43 years$1,080$653$380$214$118$9
44 years$1,043$623$357$198$107$8
45 years$1,009$594$335$183$97$6
46 years$975$566$314$169$88$5
47 years$944$541$295$156$80$5
48 years$914$516$278$144$73$4
49 years$885$493$261$133$66$3
50 years$857$471$245$123$60$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $878,000, adding $2,752 every year, while hoping to spend $37,839 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: 57/31/12 Blend
53$878,000$878,000$878,000$878,000
54$970,395$923,861$910,252$1,022,644
55$1,029,115$928,869$900,485$1,063,279
56$1,092,556$932,855$889,122$1,103,114
57$1,161,160$935,729$876,071$1,145,624
58$1,235,412$937,393$861,233$1,191,070
59$1,315,846$937,747$844,507$1,239,743
60$1,403,048$936,683$825,784$1,291,961
61$1,497,665$934,086$804,953$1,348,080
62$1,600,404$929,834$781,897$1,408,491
63$1,712,048$923,798$756,493$1,473,627
64$1,833,453$915,841$728,612$1,543,967
65$1,965,566$905,818$698,121$1,620,041
66$2,109,424$893,574$664,879$1,702,433
67$2,266,173$878,946$628,739$1,791,792
68$2,437,069$861,761$589,549$1,888,833
69$2,623,499$841,837$547,148$1,994,346
70$2,826,988$818,978$501,369$2,109,206
71$3,049,212$792,980$452,037$2,234,378
72$3,292,021$763,625$398,969$2,370,929
73$3,557,447$730,683$341,974$2,520,040
74$3,847,731$693,910$280,854$2,683,012
75$4,165,337$653,049$215,401$2,861,285
76$4,512,981$607,828$145,396$3,056,449
77$4,893,652$557,959$70,614$3,270,260
78$5,310,643$503,137$0$3,504,659
79$5,767,579$443,041$0$3,762,964
80$6,268,452$377,330$0$4,056,090
81$6,817,661$305,646$0$4,377,630
82$7,420,048$227,609$0$4,730,505
83$8,080,950$142,818$0$5,117,933
84$8,806,241$50,850$0$5,543,469
85$9,602,394$0$0$6,011,033
86$10,476,539$0$0$6,541,577
87$11,436,530$0$0$7,143,352
88$12,491,019$0$0$7,804,446
89$13,649,536$0$0$8,530,845
90$14,922,582$0$0$9,329,142
91$16,321,723$0$0$10,206,603
92$17,859,704$0$0$11,171,229
93$19,550,563$0$0$12,231,840
94$21,409,769$0$0$13,398,149
95$23,454,363$0$0$14,680,860
96$25,703,120$0$0$16,091,764
97$28,176,728$0$0$17,643,854
98$30,897,978$0$0$19,351,445
99$33,891,984$0$0$21,230,310
100$37,186,414$0$0$23,297,827