Can I retire at age 54 with 890,000?

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 $890,000?

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$73,495$72,841$72,202$71,579$70,970$69,086
2 years$36,384$35,706$35,050$34,413$33,795$31,910
3 years$24,015$23,334$22,679$22,049$21,441$19,614
4 years$17,832$17,153$16,505$15,885$15,292$13,537
5 years$14,123$13,448$12,808$12,201$11,625$9,947
6 years$11,651$10,982$10,351$9,757$9,198$7,599
7 years$9,886$9,222$8,602$8,022$7,481$5,960
8 years$8,563$7,905$7,295$6,729$6,206$4,763
9 years$7,534$6,883$6,283$5,732$5,226$3,860
10 years$6,712$6,067$5,478$4,941$4,453$3,162
11 years$6,040$5,401$4,823$4,300$3,830$2,611
12 years$5,480$4,848$4,280$3,772$3,319$2,171
13 years$5,006$4,381$3,824$3,330$2,894$1,815
14 years$4,601$3,982$3,436$2,956$2,537$1,523
15 years$4,250$3,638$3,102$2,636$2,234$1,283
16 years$3,943$3,338$2,812$2,360$1,974$1,084
17 years$3,673$3,074$2,559$2,121$1,750$918
18 years$3,432$2,840$2,336$1,911$1,556$779
19 years$3,218$2,632$2,139$1,727$1,387$663
20 years$3,025$2,446$1,963$1,564$1,239$564
21 years$2,851$2,278$1,805$1,420$1,109$481
22 years$2,692$2,127$1,664$1,291$994$410
23 years$2,548$1,989$1,536$1,175$892$350
24 years$2,416$1,864$1,421$1,072$802$299
25 years$2,295$1,749$1,316$979$722$256
26 years$2,183$1,644$1,221$895$650$219
27 years$2,079$1,547$1,133$819$586$188
28 years$1,984$1,458$1,054$751$529$161
29 years$1,895$1,375$980$688$477$138
30 years$1,812$1,299$913$632$431$118
31 years$1,734$1,228$851$580$390$101
32 years$1,662$1,162$794$533$353$87
33 years$1,594$1,100$742$490$319$74
34 years$1,530$1,043$693$451$289$64
35 years$1,470$989$648$415$262$55
36 years$1,414$939$606$383$237$47
37 years$1,360$892$567$352$215$40
38 years$1,310$847$531$325$195$34
39 years$1,262$806$498$300$177$30
40 years$1,217$767$467$276$160$25
41 years$1,174$730$437$255$145$22
42 years$1,133$695$410$235$132$19
43 years$1,094$662$385$217$120$16
44 years$1,057$631$361$201$109$14
45 years$1,022$602$339$185$99$12
46 years$989$574$319$171$90$10
47 years$957$548$299$158$81$9
48 years$926$523$281$146$74$7
49 years$897$499$265$135$67$6
50 years$869$477$249$125$61$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $890,000, adding $3,598 every year, while hoping to spend $46,025 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: 49/44/7 Blend
53$890,000$890,000$890,000$890,000
54$984,491$937,321$923,526$1,030,774
55$1,035,939$934,280$905,494$1,059,739
56$1,091,092$929,547$885,315$1,085,990
57$1,150,280$922,991$862,870$1,113,418
58$1,213,863$914,472$838,030$1,142,144
59$1,282,239$903,843$810,666$1,172,305
60$1,355,843$890,947$780,639$1,204,054
61$1,435,153$875,617$747,805$1,237,562
62$1,520,694$857,678$712,012$1,273,021
63$1,613,045$836,944$673,104$1,310,645
64$1,712,838$813,217$630,916$1,350,673
65$1,820,771$786,288$585,275$1,393,374
66$1,937,609$755,936$536,001$1,439,046
67$2,064,196$721,927$482,908$1,488,023
68$2,201,456$684,014$425,797$1,540,675
69$2,350,408$641,934$364,465$1,597,417
70$2,512,171$595,411$298,697$1,658,711
71$2,687,979$544,152$228,269$1,725,071
72$2,879,185$487,848$152,948$1,797,068
73$3,087,281$426,171$72,491$1,875,341
74$3,313,906$358,776$0$1,960,596
75$3,560,867$285,299$0$2,054,620
76$3,830,149$205,352$0$2,163,131
77$4,123,940$118,530$0$2,281,703
78$4,444,645$24,401$0$2,411,436
79$4,794,914$0$0$2,553,551
80$5,177,664$0$0$2,746,920
81$5,596,104$0$0$2,971,329
82$6,053,771$0$0$3,216,870
83$6,554,555$0$0$3,485,644
84$7,102,744$0$0$3,779,964
85$7,703,056$0$0$4,102,376
86$8,360,688$0$0$4,455,686
87$9,081,365$0$0$4,842,981
88$9,871,389$0$0$5,267,663
89$10,737,703$0$0$5,733,481
90$11,687,953$0$0$6,244,560
91$12,730,561$0$0$6,805,446
92$13,874,803$0$0$7,421,147
93$15,130,899$0$0$8,097,178
94$16,510,104$0$0$8,839,615
95$18,024,818$0$0$9,655,152
96$19,688,698$0$0$10,551,160
97$21,516,793$0$0$11,535,764
98$23,525,679$0$0$12,617,912
99$25,733,617$0$0$13,807,462
100$28,160,727$0$0$15,115,275