Can I retire at age 54 with 891,000?

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 $891,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.3%
1 years$73,578$72,923$72,283$71,659$71,050$69,786
2 years$36,425$35,746$35,089$34,451$33,833$32,565
3 years$24,042$23,361$22,705$22,073$21,465$20,231
4 years$17,852$17,173$16,523$15,903$15,309$14,119
5 years$14,139$13,463$12,823$12,215$11,638$10,495
6 years$11,664$10,994$10,363$9,768$9,209$8,114
7 years$9,897$9,233$8,611$8,031$7,489$6,444
8 years$8,573$7,914$7,303$6,737$6,213$5,216
9 years$7,543$6,891$6,290$5,738$5,232$4,283
10 years$6,720$6,074$5,484$4,947$4,458$3,557
11 years$6,046$5,407$4,828$4,305$3,834$2,979
12 years$5,486$4,853$4,285$3,776$3,323$2,512
13 years$5,012$4,386$3,828$3,334$2,897$2,131
14 years$4,606$3,987$3,440$2,959$2,540$1,816
15 years$4,255$3,642$3,105$2,639$2,236$1,553
16 years$3,947$3,341$2,816$2,363$1,976$1,333
17 years$3,677$3,077$2,562$2,123$1,752$1,147
18 years$3,436$2,843$2,339$1,913$1,558$989
19 years$3,221$2,635$2,141$1,729$1,389$855
20 years$3,028$2,449$1,965$1,566$1,240$740
21 years$2,854$2,281$1,807$1,421$1,110$641
22 years$2,695$2,129$1,666$1,292$995$557
23 years$2,551$1,991$1,538$1,177$893$484
24 years$2,419$1,866$1,422$1,073$803$421
25 years$2,297$1,751$1,317$980$722$366
26 years$2,185$1,646$1,222$896$651$319
27 years$2,082$1,549$1,135$820$587$278
28 years$1,986$1,459$1,055$752$529$242
29 years$1,897$1,377$982$689$478$211
30 years$1,814$1,300$914$633$432$184
31 years$1,736$1,229$852$581$391$161
32 years$1,664$1,163$795$534$353$141
33 years$1,596$1,101$743$491$320$123
34 years$1,532$1,044$694$452$289$107
35 years$1,472$990$649$416$262$94
36 years$1,415$940$607$383$238$82
37 years$1,362$893$568$353$215$72
38 years$1,311$848$532$325$195$63
39 years$1,263$807$498$300$177$55
40 years$1,218$767$467$277$161$48
41 years$1,175$730$438$255$146$42
42 years$1,134$696$411$236$132$37
43 years$1,096$663$385$217$120$32
44 years$1,059$632$362$201$109$28
45 years$1,023$603$340$185$99$24
46 years$990$575$319$171$90$21
47 years$958$549$300$158$81$19
48 years$927$524$282$146$74$16
49 years$898$500$265$135$67$14
50 years$870$478$249$125$61$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $891,000, adding $2,471 every year, while hoping to spend $35,452 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: 52/18/30 Blend
53$891,000$891,000$891,000$891,000
54$984,431$937,208$923,397$1,027,198
55$1,047,122$945,410$916,610$1,065,463
56$1,115,020$952,827$908,408$1,103,313
57$1,188,617$959,381$898,705$1,143,805
58$1,268,458$964,992$887,413$1,187,206
59$1,355,137$969,573$874,439$1,233,813
60$1,449,313$973,035$859,685$1,283,956
61$1,551,708$975,278$843,049$1,337,997
62$1,663,116$976,200$824,424$1,396,341
63$1,784,410$975,691$803,699$1,459,432
64$1,916,555$973,634$780,757$1,527,764
65$2,060,607$969,905$755,476$1,601,882
66$2,217,732$964,374$727,728$1,682,389
67$2,389,212$956,900$697,379$1,769,954
68$2,576,460$947,336$664,289$1,865,313
69$2,781,029$935,526$628,313$1,969,282
70$3,004,629$921,302$589,297$2,082,764
71$3,249,145$904,489$547,081$2,206,753
72$3,516,649$884,901$501,501$2,342,354
73$3,809,426$862,340$452,380$2,490,781
74$4,129,990$836,597$399,537$2,653,382
75$4,481,110$807,450$342,781$2,831,641
76$4,865,834$774,666$281,915$3,027,200
77$5,287,521$737,997$216,731$3,241,873
78$5,749,869$697,180$147,013$3,477,663
79$6,256,952$651,938$72,534$3,736,782
80$6,813,256$601,978$0$4,021,671
81$7,423,723$546,990$0$4,337,254
82$8,093,797$486,646$0$4,709,205
83$8,829,472$420,601$0$5,117,652
84$9,637,356$348,487$0$5,566,311
85$10,524,722$269,919$0$6,059,277
86$11,499,588$184,489$0$6,601,065
87$12,570,782$91,765$0$7,196,654
88$13,748,032$0$0$7,851,530
89$15,042,055$0$0$8,573,469
90$16,464,657$0$0$9,387,221
91$18,028,847$0$0$10,282,063
92$19,748,956$0$0$11,266,204
93$21,640,772$0$0$12,348,692
94$23,721,692$0$0$13,539,494
95$26,010,883$0$0$14,849,592
96$28,529,464$0$0$16,291,085
97$31,300,702$0$0$17,877,306
98$34,350,235$0$0$19,622,944
99$37,706,312$0$0$21,544,185
100$41,400,057$0$0$23,658,864