Can I retire at age 54 with 884,000?

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 $884,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.9%
1 years$73,000$72,350$71,715$71,096$70,491$69,930
2 years$36,139$35,466$34,813$34,181$33,567$33,001
3 years$23,853$23,177$22,526$21,900$21,296$20,744
4 years$17,712$17,038$16,393$15,778$15,189$14,653
5 years$14,028$13,358$12,722$12,119$11,546$11,030
6 years$11,572$10,908$10,281$9,691$9,136$8,639
7 years$9,819$9,160$8,544$7,968$7,430$6,953
8 years$8,505$7,852$7,246$6,684$6,164$5,706
9 years$7,484$6,837$6,241$5,693$5,191$4,753
10 years$6,667$6,026$5,441$4,908$4,423$4,004
11 years$5,999$5,365$4,790$4,271$3,804$3,404
12 years$5,443$4,815$4,251$3,746$3,296$2,915
13 years$4,973$4,351$3,798$3,308$2,875$2,512
14 years$4,570$3,955$3,413$2,936$2,520$2,175
15 years$4,221$3,613$3,081$2,618$2,219$1,891
16 years$3,916$3,315$2,793$2,345$1,961$1,650
17 years$3,648$3,053$2,542$2,107$1,739$1,444
18 years$3,409$2,821$2,320$1,898$1,546$1,267
19 years$3,196$2,615$2,124$1,715$1,378$1,114
20 years$3,004$2,430$1,950$1,554$1,231$982
21 years$2,831$2,263$1,793$1,410$1,101$867
22 years$2,674$2,113$1,653$1,282$987$766
23 years$2,531$1,976$1,526$1,168$886$678
24 years$2,400$1,851$1,411$1,065$797$601
25 years$2,279$1,737$1,307$973$717$533
26 years$2,168$1,633$1,212$889$646$473
27 years$2,065$1,537$1,126$814$582$420
28 years$1,970$1,448$1,047$746$525$373
29 years$1,882$1,366$974$684$474$332
30 years$1,799$1,290$907$628$429$295
31 years$1,723$1,219$846$576$387$263
32 years$1,651$1,154$789$530$350$234
33 years$1,583$1,093$737$487$317$209
34 years$1,520$1,036$688$448$287$186
35 years$1,460$982$644$413$260$166
36 years$1,404$932$602$380$236$148
37 years$1,351$886$563$350$214$132
38 years$1,301$842$528$323$194$118
39 years$1,253$800$494$298$176$105
40 years$1,209$761$463$274$159$94
41 years$1,166$725$435$253$144$84
42 years$1,125$690$408$234$131$75
43 years$1,087$658$382$216$119$67
44 years$1,050$627$359$199$108$60
45 years$1,015$598$337$184$98$53
46 years$982$570$317$170$89$47
47 years$950$544$297$157$81$42
48 years$920$520$280$145$73$38
49 years$891$496$263$134$67$34
50 years$863$474$247$124$61$30

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $884,000, adding $2,412 every year, while hoping to spend $46,554 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: 60/30/10 Blend
53$884,000$884,000$884,000$884,000
54$976,656$929,804$916,102$1,032,856
55$1,026,742$925,831$897,258$1,066,898
56$1,080,376$920,104$876,223$1,098,508
57$1,137,872$912,486$852,874$1,131,841
58$1,199,572$902,835$827,082$1,167,066
59$1,265,852$890,998$798,714$1,204,370
60$1,337,128$876,815$767,629$1,243,961
61$1,413,851$860,116$733,681$1,286,071
62$1,496,520$840,718$696,716$1,330,956
63$1,585,684$818,431$656,574$1,378,902
64$1,681,942$793,053$613,088$1,430,226
65$1,785,956$764,368$566,082$1,485,278
66$1,898,452$732,151$515,374$1,544,449
67$2,020,227$696,160$460,773$1,608,172
68$2,152,160$656,141$402,078$1,676,925
69$2,295,215$611,827$339,082$1,751,242
70$2,450,453$562,932$271,568$1,831,712
71$2,619,041$509,157$199,307$1,918,987
72$2,802,261$450,185$122,062$2,013,794
73$3,001,527$385,679$39,586$2,116,934
74$3,218,391$315,285$0$2,229,297
75$3,454,563$238,630$0$2,357,034
76$3,711,923$155,317$0$2,500,912
77$3,992,540$64,930$0$2,657,939
78$4,298,694$0$0$2,829,484
79$4,632,892$0$0$3,027,941
80$4,997,893$0$0$3,268,167
81$5,396,736$0$0$3,530,735
82$5,832,766$0$0$3,817,854
83$6,309,667$0$0$4,131,960
84$6,831,494$0$0$4,475,731
85$7,402,711$0$0$4,852,121
86$8,028,236$0$0$5,264,378
87$8,713,484$0$0$5,716,081
88$9,464,418$0$0$6,211,173
89$10,287,605$0$0$6,753,993
90$11,190,279$0$0$7,349,323
91$12,180,405$0$0$8,002,429
92$13,266,758$0$0$8,719,112
93$14,459,005$0$0$9,505,760
94$15,767,790$0$0$10,369,410
95$17,204,841$0$0$11,317,817
96$18,783,076$0$0$12,359,518
97$20,516,727$0$0$13,503,923
98$22,421,470$0$0$14,761,394
99$24,514,576$0$0$16,143,350
100$26,815,072$0$0$17,662,369