Can I retire at age 54 with 888,000?

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 $888,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.7%
1 years$73,330$72,677$72,040$71,418$70,810$68,325
2 years$36,302$35,626$34,971$34,335$33,719$31,241
3 years$23,961$23,282$22,628$21,999$21,393$19,000
4 years$17,792$17,115$16,468$15,849$15,258$12,969
5 years$14,091$13,418$12,780$12,174$11,599$9,419
6 years$11,625$10,957$10,328$9,735$9,178$7,110
7 years$9,864$9,202$8,582$8,004$7,464$5,507
8 years$8,544$7,887$7,279$6,714$6,192$4,344
9 years$7,517$6,867$6,269$5,719$5,215$3,474
10 years$6,697$6,053$5,466$4,930$4,443$2,806
11 years$6,026$5,389$4,812$4,291$3,821$2,285
12 years$5,467$4,837$4,270$3,763$3,311$1,872
13 years$4,995$4,371$3,815$3,322$2,888$1,542
14 years$4,591$3,973$3,428$2,949$2,531$1,275
15 years$4,240$3,630$3,095$2,630$2,229$1,057
16 years$3,934$3,330$2,806$2,355$1,970$879
17 years$3,664$3,067$2,553$2,116$1,746$733
18 years$3,425$2,834$2,331$1,907$1,553$612
19 years$3,211$2,626$2,134$1,723$1,384$512
20 years$3,018$2,441$1,958$1,561$1,236$428
21 years$2,844$2,273$1,801$1,416$1,106$359
22 years$2,686$2,122$1,660$1,288$992$301
23 years$2,542$1,985$1,533$1,173$890$253
24 years$2,410$1,860$1,418$1,070$800$212
25 years$2,289$1,745$1,313$977$720$178
26 years$2,178$1,640$1,218$893$649$150
27 years$2,075$1,544$1,131$818$585$126
28 years$1,979$1,454$1,051$749$528$106
29 years$1,890$1,372$978$687$476$89
30 years$1,808$1,296$911$630$430$75
31 years$1,730$1,225$850$579$389$63
32 years$1,658$1,159$793$532$352$53
33 years$1,590$1,098$740$489$319$45
34 years$1,527$1,040$691$450$288$38
35 years$1,467$987$646$414$261$32
36 years$1,410$937$605$382$237$27
37 years$1,357$890$566$352$215$23
38 years$1,307$845$530$324$195$19
39 years$1,259$804$497$299$176$16
40 years$1,214$765$465$276$160$13
41 years$1,171$728$436$254$145$11
42 years$1,131$693$409$235$132$10
43 years$1,092$661$384$217$120$8
44 years$1,055$630$361$200$108$7
45 years$1,020$600$339$185$98$6
46 years$987$573$318$171$89$5
47 years$955$547$299$158$81$4
48 years$924$522$281$146$74$3
49 years$895$498$264$135$67$3
50 years$867$476$248$124$61$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $888,000, adding $5,655 every year, while hoping to spend $49,359 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: 50/23/27 Blend
53$888,000$888,000$888,000$888,000
54$984,409$937,345$923,581$1,025,867
55$1,032,301$930,757$902,004$1,048,807
56$1,083,424$922,193$878,049$1,068,342
57$1,138,055$911,502$851,585$1,088,602
58$1,196,498$898,527$822,475$1,109,676
59$1,259,087$883,101$790,573$1,131,668
60$1,326,187$865,046$755,731$1,154,695
61$1,398,199$844,174$717,789$1,178,888
62$1,475,564$820,287$676,584$1,204,397
63$1,558,765$793,175$631,942$1,231,389
64$1,648,332$762,613$583,686$1,260,052
65$1,744,848$728,368$531,625$1,290,599
66$1,848,953$690,188$475,565$1,323,267
67$1,961,350$647,810$415,300$1,358,322
68$2,082,810$600,956$350,616$1,396,064
69$2,214,184$549,331$281,289$1,436,827
70$2,356,405$492,621$207,085$1,480,984
71$2,510,498$430,499$127,762$1,528,954
72$2,677,591$362,616$43,064$1,581,203
73$2,858,924$288,604$0$1,638,252
74$3,055,863$208,073$0$1,714,316
75$3,269,907$120,615$0$1,810,534
76$3,502,707$25,795$0$1,915,291
77$3,756,081$0$0$2,029,477
78$4,032,025$0$0$2,173,524
79$4,332,739$0$0$2,337,702
80$4,660,644$0$0$2,516,814
81$5,018,404$0$0$2,712,326
82$5,408,949$0$0$2,925,853
83$5,835,509$0$0$3,159,171
84$6,301,635$0$0$3,414,237
85$6,811,239$0$0$3,693,203
86$7,368,628$0$0$3,998,441
87$7,978,544$0$0$4,332,562
88$8,646,209$0$0$4,698,441
89$9,377,372$0$0$5,099,245
90$10,178,365$0$0$5,538,460
91$11,056,161$0$0$6,019,926
92$12,018,439$0$0$6,547,873
93$13,073,658$0$0$7,126,959
94$14,231,134$0$0$7,762,314
95$15,501,127$0$0$8,459,591
96$16,894,940$0$0$9,225,013
97$18,425,021$0$0$10,065,439
98$20,105,085$0$0$10,988,421
99$21,950,238$0$0$12,002,282
100$23,977,121$0$0$13,116,187