Can I retire at age 54 with 883,000?

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 $883,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19%
1 years$72,917$72,268$71,634$71,016$70,412$67,859
2 years$36,098$35,425$34,774$34,142$33,529$30,986
3 years$23,826$23,151$22,501$21,875$21,272$18,818
4 years$17,691$17,018$16,375$15,760$15,172$12,825
5 years$14,012$13,343$12,708$12,105$11,533$9,300
6 years$11,559$10,895$10,270$9,681$9,126$7,008
7 years$9,808$9,150$8,534$7,959$7,422$5,419
8 years$8,496$7,843$7,238$6,677$6,157$4,267
9 years$7,475$6,829$6,234$5,687$5,185$3,406
10 years$6,659$6,019$5,435$4,902$4,418$2,746
11 years$5,992$5,359$4,785$4,266$3,800$2,232
12 years$5,437$4,810$4,246$3,742$3,293$1,825
13 years$4,967$4,346$3,794$3,304$2,871$1,500
14 years$4,565$3,951$3,409$2,933$2,517$1,237
15 years$4,216$3,609$3,078$2,615$2,216$1,024
16 years$3,912$3,311$2,790$2,342$1,959$850
17 years$3,644$3,050$2,539$2,104$1,737$707
18 years$3,405$2,818$2,318$1,896$1,544$589
19 years$3,192$2,612$2,122$1,713$1,376$491
20 years$3,001$2,427$1,947$1,552$1,229$410
21 years$2,828$2,261$1,791$1,408$1,100$343
22 years$2,671$2,110$1,651$1,281$986$287
23 years$2,528$1,974$1,524$1,166$885$240
24 years$2,397$1,849$1,410$1,064$796$201
25 years$2,277$1,735$1,306$971$716$169
26 years$2,166$1,631$1,211$888$645$142
27 years$2,063$1,535$1,124$813$581$119
28 years$1,968$1,446$1,045$745$525$100
29 years$1,880$1,364$973$683$474$84
30 years$1,797$1,289$906$627$428$70
31 years$1,721$1,218$845$576$387$59
32 years$1,649$1,153$788$529$350$49
33 years$1,581$1,092$736$487$317$42
34 years$1,518$1,034$688$448$287$35
35 years$1,459$981$643$412$260$29
36 years$1,402$931$601$380$235$25
37 years$1,349$885$563$350$213$21
38 years$1,299$841$527$322$193$17
39 years$1,252$799$494$297$175$15
40 years$1,207$761$463$274$159$12
41 years$1,165$724$434$253$144$10
42 years$1,124$689$407$233$131$9
43 years$1,086$657$382$215$119$7
44 years$1,049$626$359$199$108$6
45 years$1,014$597$337$184$98$5
46 years$981$570$316$170$89$4
47 years$949$544$297$157$81$4
48 years$919$519$279$145$73$3
49 years$890$496$262$134$67$3
50 years$862$473$247$124$60$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $883,000, adding $4,490 every year, while hoping to spend $35,035 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: 45/36/19 Blend
53$883,000$883,000$883,000$883,000
54$977,697$930,898$917,212$1,016,169
55$1,040,146$939,235$910,662$1,051,929
56$1,107,789$946,807$902,718$1,086,855
57$1,181,121$953,538$893,296$1,123,997
58$1,260,684$959,350$882,310$1,163,577
59$1,347,073$964,157$869,667$1,205,840
60$1,440,945$967,871$855,271$1,251,060
61$1,543,020$970,396$839,021$1,299,537
62$1,654,093$971,630$820,813$1,351,608
63$1,775,036$971,465$800,536$1,407,642
64$1,906,811$969,788$778,075$1,468,050
65$2,050,474$966,476$753,309$1,533,287
66$2,207,189$961,401$726,112$1,603,857
67$2,378,238$954,425$696,352$1,680,318
68$2,565,031$945,404$663,892$1,763,286
69$2,769,119$934,183$628,587$1,853,446
70$2,992,211$920,600$590,287$1,951,554
71$3,236,189$904,482$548,834$2,058,446
72$3,503,123$885,645$504,063$2,175,049
73$3,795,296$863,896$455,804$2,302,387
74$4,115,218$839,029$403,875$2,441,592
75$4,465,656$810,827$348,090$2,593,918
76$4,849,655$779,059$288,253$2,760,749
77$5,270,569$743,483$224,159$2,943,617
78$5,732,094$703,840$155,595$3,144,215
79$6,238,298$659,858$82,338$3,364,414
80$6,793,663$611,250$4,155$3,606,284
81$7,403,125$557,710$0$3,872,108
82$8,072,123$498,917$0$4,180,486
83$8,806,645$434,529$0$4,520,077
84$9,613,291$364,189$0$4,893,175
85$10,499,328$287,516$0$5,303,241
86$11,472,763$204,108$0$5,754,093
87$12,542,418$113,542$0$6,249,945
88$13,718,009$15,371$0$6,795,447
89$15,010,244$0$0$7,395,729
90$16,430,915$0$0$8,092,452
91$17,993,019$0$0$8,865,346
92$19,710,870$0$0$9,715,421
93$21,600,244$0$0$10,650,496
94$23,678,517$0$0$11,679,189
95$25,964,839$0$0$12,810,991
96$28,480,305$0$0$14,056,365
97$31,248,161$0$0$15,426,833
98$34,294,019$0$0$16,935,097
99$37,646,098$0$0$18,595,147
100$41,335,494$0$0$20,422,401