Can I retire at age 54 with 879,000?

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 $879,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.5%
1 years$72,587$71,940$71,310$70,694$70,093$68,232
2 years$35,934$35,265$34,616$33,987$33,377$31,516
3 years$23,718$23,046$22,399$21,776$21,176$19,372
4 years$17,611$16,941$16,301$15,688$15,103$13,370
5 years$13,948$13,282$12,650$12,050$11,481$9,824
6 years$11,507$10,846$10,223$9,637$9,085$7,505
7 years$9,764$9,108$8,495$7,923$7,388$5,886
8 years$8,457$7,808$7,205$6,646$6,129$4,704
9 years$7,441$6,798$6,206$5,661$5,162$3,812
10 years$6,629$5,992$5,410$4,880$4,398$3,123
11 years$5,965$5,334$4,763$4,247$3,782$2,579
12 years$5,412$4,788$4,227$3,725$3,278$2,144
13 years$4,945$4,327$3,777$3,289$2,858$1,792
14 years$4,544$3,933$3,393$2,919$2,506$1,504
15 years$4,197$3,593$3,064$2,604$2,206$1,267
16 years$3,894$3,296$2,778$2,331$1,950$1,071
17 years$3,627$3,036$2,528$2,095$1,729$907
18 years$3,390$2,805$2,307$1,888$1,537$770
19 years$3,178$2,600$2,112$1,706$1,370$654
20 years$2,987$2,416$1,939$1,545$1,224$557
21 years$2,815$2,250$1,783$1,402$1,095$475
22 years$2,659$2,101$1,643$1,275$982$405
23 years$2,516$1,965$1,517$1,161$881$346
24 years$2,386$1,841$1,403$1,059$792$296
25 years$2,266$1,727$1,300$967$713$253
26 years$2,156$1,624$1,205$884$642$216
27 years$2,054$1,528$1,119$809$579$185
28 years$1,959$1,440$1,041$742$522$159
29 years$1,871$1,358$968$680$472$136
30 years$1,789$1,283$902$624$426$116
31 years$1,713$1,213$841$573$385$100
32 years$1,641$1,147$785$527$348$86
33 years$1,574$1,087$733$484$315$73
34 years$1,511$1,030$684$446$286$63
35 years$1,452$977$640$410$259$54
36 years$1,396$927$599$378$234$46
37 years$1,343$881$560$348$212$40
38 years$1,294$837$525$321$193$34
39 years$1,246$796$492$296$175$29
40 years$1,202$757$461$273$158$25
41 years$1,159$721$432$252$144$22
42 years$1,119$686$405$232$130$18
43 years$1,081$654$380$214$118$16
44 years$1,044$623$357$198$107$14
45 years$1,010$594$335$183$97$12
46 years$977$567$315$169$89$10
47 years$945$541$296$156$80$9
48 years$915$517$278$144$73$7
49 years$886$493$261$133$66$6
50 years$858$471$246$123$60$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $879,000, adding $2,078 every year, while hoping to spend $46,325 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: 62/27/11 Blend
53$879,000$879,000$879,000$879,000
54$970,801$924,214$910,590$1,028,404
55$1,020,534$920,212$891,805$1,063,237
56$1,073,786$914,460$870,839$1,095,733
57$1,130,869$906,825$847,568$1,130,054
58$1,192,122$897,164$821,866$1,166,379
59$1,257,919$885,325$793,599$1,204,904
60$1,328,669$871,149$762,627$1,245,848
61$1,404,823$854,465$728,805$1,289,454
62$1,486,875$835,093$691,980$1,335,992
63$1,575,366$812,843$651,991$1,385,760
64$1,670,894$787,513$608,674$1,439,089
65$1,774,113$758,889$561,852$1,496,347
66$1,885,744$726,746$511,345$1,557,941
67$2,006,577$690,843$456,963$1,624,323
68$2,137,482$650,929$398,505$1,695,993
69$2,279,416$606,735$335,766$1,773,504
70$2,433,431$557,979$268,528$1,857,472
71$2,600,682$504,362$196,565$1,948,576
72$2,782,443$445,567$119,642$2,047,570
73$2,980,113$381,261$37,511$2,155,286
74$3,195,232$311,090$0$2,272,649
75$3,429,495$234,682$0$2,406,564
76$3,684,765$151,644$0$2,557,359
77$3,963,095$61,558$0$2,721,910
78$4,266,742$0$0$2,901,636
79$4,598,194$0$0$3,108,804
80$4,960,184$0$0$3,355,095
81$5,355,727$0$0$3,624,278
82$5,788,138$0$0$3,918,617
83$6,261,067$0$0$4,240,605
84$6,778,535$0$0$4,592,988
85$7,344,969$0$0$4,978,789
86$7,965,241$0$0$5,401,337
87$8,644,721$0$0$5,864,298
88$9,389,319$0$0$6,371,711
89$10,205,546$0$0$6,928,021
90$11,100,571$0$0$7,538,126
91$12,082,291$0$0$8,207,420
92$13,159,404$0$0$8,941,845
93$14,341,492$0$0$9,747,945
94$15,639,108$0$0$10,632,930
95$17,063,876$0$0$11,604,740
96$18,628,602$0$0$12,672,123
97$20,347,393$0$0$13,844,715
98$22,235,788$0$0$15,133,134
99$24,310,908$0$0$16,549,072
100$26,591,614$0$0$18,105,416