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%11.4%
1 years$73,578$72,923$72,283$71,659$71,050$70,631
2 years$36,425$35,746$35,089$34,451$33,833$33,411
3 years$24,042$23,361$22,705$22,073$21,465$21,053
4 years$17,852$17,173$16,523$15,903$15,309$14,909
5 years$14,139$13,463$12,823$12,215$11,638$11,251
6 years$11,664$10,994$10,363$9,768$9,209$8,836
7 years$9,897$9,233$8,611$8,031$7,489$7,131
8 years$8,573$7,914$7,303$6,737$6,213$5,870
9 years$7,543$6,891$6,290$5,738$5,232$4,903
10 years$6,720$6,074$5,484$4,947$4,458$4,143
11 years$6,046$5,407$4,828$4,305$3,834$3,533
12 years$5,486$4,853$4,285$3,776$3,323$3,035
13 years$5,012$4,386$3,828$3,334$2,897$2,623
14 years$4,606$3,987$3,440$2,959$2,540$2,279
15 years$4,255$3,642$3,105$2,639$2,236$1,988
16 years$3,947$3,341$2,816$2,363$1,976$1,741
17 years$3,677$3,077$2,562$2,123$1,752$1,529
18 years$3,436$2,843$2,339$1,913$1,558$1,346
19 years$3,221$2,635$2,141$1,729$1,389$1,188
20 years$3,028$2,449$1,965$1,566$1,240$1,051
21 years$2,854$2,281$1,807$1,421$1,110$931
22 years$2,695$2,129$1,666$1,292$995$826
23 years$2,551$1,991$1,538$1,177$893$734
24 years$2,419$1,866$1,422$1,073$803$652
25 years$2,297$1,751$1,317$980$722$581
26 years$2,185$1,646$1,222$896$651$518
27 years$2,082$1,549$1,135$820$587$462
28 years$1,986$1,459$1,055$752$529$412
29 years$1,897$1,377$982$689$478$368
30 years$1,814$1,300$914$633$432$329
31 years$1,736$1,229$852$581$391$294
32 years$1,664$1,163$795$534$353$263
33 years$1,596$1,101$743$491$320$235
34 years$1,532$1,044$694$452$289$210
35 years$1,472$990$649$416$262$188
36 years$1,415$940$607$383$238$169
37 years$1,362$893$568$353$215$151
38 years$1,311$848$532$325$195$135
39 years$1,263$807$498$300$177$121
40 years$1,218$767$467$277$161$109
41 years$1,175$730$438$255$146$97
42 years$1,134$696$411$236$132$87
43 years$1,096$663$385$217$120$78
44 years$1,059$632$362$201$109$70
45 years$1,023$603$340$185$99$63
46 years$990$575$319$171$90$57
47 years$958$549$300$158$81$51
48 years$927$524$282$146$74$45
49 years$898$500$265$135$67$41
50 years$870$478$249$125$61$37

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $891,000, adding $3,883 every year, while hoping to spend $22,104 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: 55/21/24 Blend
53$891,000$891,000$891,000$891,000
54$985,887$938,664$924,854$1,033,427
55$1,062,929$961,140$932,318$1,088,974
56$1,147,089$983,977$939,291$1,146,798
57$1,239,068$1,007,168$945,734$1,209,311
58$1,339,642$1,030,708$951,604$1,276,969
59$1,449,660$1,054,588$956,858$1,350,275
60$1,570,062$1,078,799$961,450$1,429,785
61$1,701,880$1,103,332$965,330$1,516,111
62$1,846,251$1,128,174$968,447$1,609,927
63$2,004,427$1,153,313$970,749$1,711,974
64$2,177,788$1,178,735$972,178$1,823,074
65$2,367,852$1,204,422$972,676$1,944,127
66$2,576,292$1,230,359$972,180$2,076,128
67$2,804,952$1,256,524$970,626$2,220,175
68$3,055,859$1,282,896$967,944$2,377,474
69$3,331,251$1,309,452$964,064$2,549,359
70$3,633,589$1,336,166$958,911$2,737,298
71$3,965,586$1,363,008$952,405$2,942,908
72$4,330,229$1,389,950$944,465$3,167,975
73$4,730,811$1,416,956$935,003$3,414,463
74$5,170,958$1,443,991$923,929$3,684,542
75$5,654,665$1,471,015$911,150$3,980,599
76$6,186,331$1,497,986$896,564$4,305,268
77$6,770,807$1,524,857$880,069$4,661,453
78$7,413,434$1,551,579$861,556$5,052,352
79$8,120,097$1,578,099$840,910$5,481,494
80$8,897,280$1,604,359$818,014$5,952,766
81$9,752,126$1,630,297$792,742$6,470,454
82$10,692,508$1,655,847$764,964$7,039,282
83$11,727,098$1,680,937$734,544$7,664,455
84$12,865,450$1,705,491$701,339$8,351,715
85$14,118,093$1,729,427$665,201$9,107,387
86$15,496,627$1,752,657$625,974$9,938,443
87$17,013,834$1,775,089$583,495$10,852,572
88$18,683,797$1,796,620$537,594$11,858,243
89$20,522,036$1,817,146$488,094$12,964,796
90$22,545,647$1,836,550$434,810$14,182,524
91$24,773,474$1,854,712$377,547$15,522,770
92$27,226,277$1,871,500$316,103$16,998,040
93$29,926,931$1,886,778$250,266$18,622,116
94$32,900,645$1,900,397$179,817$20,410,189
95$36,175,194$1,912,200$104,524$22,379,002
96$39,781,186$1,922,020$24,148$24,547,011
97$43,752,347$1,929,679$0$26,934,556
98$48,125,840$1,934,987$0$29,579,836
99$52,942,619$1,937,745$0$32,499,405
100$58,247,810$1,937,738$0$35,714,377