Can I retire at age 54 with 887,000?

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 $887,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11%
1 years$73,248$72,595$71,959$71,337$70,731$70,433
2 years$36,261$35,586$34,931$34,297$33,681$33,380
3 years$23,934$23,256$22,603$21,974$21,369$21,074
4 years$17,772$17,095$16,449$15,831$15,240$14,955
5 years$14,075$13,403$12,765$12,160$11,585$11,309
6 years$11,612$10,945$10,316$9,724$9,167$8,901
7 years$9,853$9,191$8,573$7,995$7,455$7,199
8 years$8,534$7,879$7,270$6,707$6,185$5,939
9 years$7,509$6,860$6,262$5,713$5,209$4,973
10 years$6,689$6,047$5,459$4,924$4,438$4,212
11 years$6,019$5,383$4,806$4,286$3,817$3,601
12 years$5,461$4,831$4,265$3,759$3,308$3,101
13 years$4,990$4,366$3,811$3,319$2,884$2,687
14 years$4,585$3,969$3,424$2,946$2,528$2,340
15 years$4,236$3,625$3,092$2,627$2,226$2,047
16 years$3,930$3,326$2,803$2,352$1,967$1,797
17 years$3,660$3,063$2,551$2,114$1,745$1,583
18 years$3,421$2,831$2,328$1,905$1,551$1,398
19 years$3,207$2,623$2,131$1,721$1,383$1,237
20 years$3,015$2,438$1,956$1,559$1,235$1,097
21 years$2,841$2,271$1,799$1,415$1,105$975
22 years$2,683$2,120$1,658$1,286$991$867
23 years$2,539$1,983$1,531$1,172$889$773
24 years$2,408$1,857$1,416$1,068$799$689
25 years$2,287$1,743$1,312$976$719$616
26 years$2,175$1,638$1,216$892$648$550
27 years$2,072$1,542$1,130$817$584$492
28 years$1,977$1,453$1,050$748$527$441
29 years$1,888$1,371$977$686$476$395
30 years$1,806$1,294$910$630$430$354
31 years$1,728$1,224$849$578$389$317
32 years$1,656$1,158$792$532$352$285
33 years$1,588$1,096$739$489$318$256
34 years$1,525$1,039$691$450$288$230
35 years$1,465$986$646$414$261$206
36 years$1,409$936$604$381$236$185
37 years$1,356$889$565$351$214$167
38 years$1,305$844$529$324$194$150
39 years$1,258$803$496$299$176$135
40 years$1,213$764$465$275$160$121
41 years$1,170$727$436$254$145$109
42 years$1,129$693$409$234$132$98
43 years$1,091$660$384$216$119$88
44 years$1,054$629$360$200$108$79
45 years$1,019$600$338$185$98$71
46 years$985$572$318$170$89$64
47 years$954$546$298$158$81$58
48 years$923$521$280$146$74$52
49 years$894$498$264$135$67$47
50 years$866$476$248$124$61$42

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $887,000, adding $5,782 every year, while hoping to spend $58,397 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: 35/38/27 Blend
53$887,000$887,000$887,000$887,000
54$983,438$936,427$922,679$1,009,682
55$1,021,615$920,178$891,454$1,013,531
56$1,061,728$901,176$857,227$1,012,001
57$1,103,915$879,223$819,834$1,009,215
58$1,148,321$854,113$779,106$1,005,101
59$1,195,110$825,624$734,865$999,582
60$1,244,455$793,523$686,927$992,581
61$1,296,547$757,564$635,097$984,021
62$1,351,596$717,485$579,174$973,821
63$1,409,827$673,011$518,945$961,901
64$1,471,490$623,849$454,190$948,176
65$1,536,855$569,690$384,679$932,566
66$1,606,218$510,209$310,169$914,987
67$1,679,904$445,061$230,411$895,357
68$1,758,266$373,880$145,142$873,593
69$1,841,691$296,283$54,086$849,615
70$1,930,605$211,862$0$823,346
71$2,025,471$120,187$0$807,122
72$2,126,799$20,806$0$805,895
73$2,235,146$0$0$804,091
74$2,351,124$0$0$838,023
75$2,475,403$0$0$883,790
76$2,608,720$0$0$932,975
77$2,751,881$0$0$985,886
78$2,905,773$0$0$1,042,863
79$3,071,367$0$0$1,104,279
80$3,249,731$0$0$1,170,543
81$3,442,039$0$0$1,242,106
82$3,649,579$0$0$1,319,461
83$3,873,765$0$0$1,403,152
84$4,116,155$0$0$1,493,776
85$4,378,457$0$0$1,591,991
86$4,662,552$0$0$1,698,518
87$4,970,505$0$0$1,814,150
88$5,304,589$0$0$1,939,763
89$5,667,303$0$0$2,076,316
90$6,061,396$0$0$2,224,866
91$6,489,891$0$0$2,386,577
92$6,956,115$0$0$2,562,727
93$7,463,728$0$0$2,754,726
94$8,016,757$0$0$2,964,122
95$8,619,634$0$0$3,192,622
96$9,277,238$0$0$3,442,103
97$9,994,937$0$0$3,714,631
98$10,778,641$0$0$4,012,483
99$11,634,856$0$0$4,338,162
100$12,570,744$0$0$4,694,428