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%17.4%
1 years$73,578$72,923$72,283$71,659$71,050$68,913
2 years$36,425$35,746$35,089$34,451$33,833$31,699
3 years$24,042$23,361$22,705$22,073$21,465$19,400
4 years$17,852$17,173$16,523$15,903$15,309$13,328
5 years$14,139$13,463$12,823$12,215$11,638$9,747
6 years$11,664$10,994$10,363$9,768$9,209$7,410
7 years$9,897$9,233$8,611$8,031$7,489$5,782
8 years$8,573$7,914$7,303$6,737$6,213$4,597
9 years$7,543$6,891$6,290$5,738$5,232$3,705
10 years$6,720$6,074$5,484$4,947$4,458$3,018
11 years$6,046$5,407$4,828$4,305$3,834$2,478
12 years$5,486$4,853$4,285$3,776$3,323$2,048
13 years$5,012$4,386$3,828$3,334$2,897$1,701
14 years$4,606$3,987$3,440$2,959$2,540$1,419
15 years$4,255$3,642$3,105$2,639$2,236$1,188
16 years$3,947$3,341$2,816$2,363$1,976$997
17 years$3,677$3,077$2,562$2,123$1,752$839
18 years$3,436$2,843$2,339$1,913$1,558$707
19 years$3,221$2,635$2,141$1,729$1,389$597
20 years$3,028$2,449$1,965$1,566$1,240$505
21 years$2,854$2,281$1,807$1,421$1,110$428
22 years$2,695$2,129$1,666$1,292$995$362
23 years$2,551$1,991$1,538$1,177$893$307
24 years$2,419$1,866$1,422$1,073$803$261
25 years$2,297$1,751$1,317$980$722$221
26 years$2,185$1,646$1,222$896$651$188
27 years$2,082$1,549$1,135$820$587$160
28 years$1,986$1,459$1,055$752$529$136
29 years$1,897$1,377$982$689$478$116
30 years$1,814$1,300$914$633$432$98
31 years$1,736$1,229$852$581$391$84
32 years$1,664$1,163$795$534$353$71
33 years$1,596$1,101$743$491$320$61
34 years$1,532$1,044$694$452$289$52
35 years$1,472$990$649$416$262$44
36 years$1,415$940$607$383$238$37
37 years$1,362$893$568$353$215$32
38 years$1,311$848$532$325$195$27
39 years$1,263$807$498$300$177$23
40 years$1,218$767$467$277$161$20
41 years$1,175$730$438$255$146$17
42 years$1,134$696$411$236$132$14
43 years$1,096$663$385$217$120$12
44 years$1,059$632$362$201$109$10
45 years$1,023$603$340$185$99$9
46 years$990$575$319$171$90$7
47 years$958$549$300$158$81$6
48 years$927$524$282$146$74$5
49 years$898$500$265$135$67$5
50 years$870$478$249$125$61$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $891,000, adding $3,758 every year, while hoping to spend $59,906 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: 66/17/17 Blend
53$891,000$891,000$891,000$891,000
54$985,758$938,535$924,725$1,046,485
55$1,022,566$920,784$891,964$1,069,835
56$1,061,121$900,155$856,097$1,088,059
57$1,101,537$876,444$816,958$1,106,518
58$1,143,939$849,436$774,371$1,125,233
59$1,188,462$818,900$728,155$1,144,230
60$1,235,254$784,595$678,117$1,163,538
61$1,284,474$746,264$624,058$1,183,194
62$1,336,297$703,637$565,770$1,203,240
63$1,390,910$656,426$503,034$1,223,723
64$1,448,521$604,329$435,624$1,244,699
65$1,509,354$547,025$363,301$1,266,234
66$1,573,654$484,175$285,817$1,288,402
67$1,641,688$415,421$202,914$1,311,288
68$1,713,749$340,386$114,320$1,334,990
69$1,790,155$258,668$19,754$1,359,619
70$1,871,255$169,847$0$1,385,301
71$1,957,431$73,477$0$1,426,904
72$2,049,098$0$0$1,474,648
73$2,146,714$0$0$1,530,973
74$2,250,777$0$0$1,605,704
75$2,361,836$0$0$1,685,493
76$2,480,490$0$0$1,770,773
77$2,607,395$0$0$1,862,024
78$2,743,272$0$0$1,959,767
79$2,888,911$0$0$2,064,576
80$3,045,179$0$0$2,177,080
81$3,213,026$0$0$2,297,970
82$3,393,497$0$0$2,428,004
83$3,587,737$0$0$2,568,014
84$3,797,006$0$0$2,718,914
85$4,022,684$0$0$2,881,709
86$4,266,290$0$0$3,057,500
87$4,529,493$0$0$3,247,501
88$4,814,125$0$0$3,453,043
89$5,122,204$0$0$3,675,591
90$5,455,942$0$0$3,916,754
91$5,817,777$0$0$4,178,303
92$6,210,388$0$0$4,462,184
93$6,636,719$0$0$4,770,539
94$7,100,011$0$0$5,105,721
95$7,603,829$0$0$5,470,323
96$8,152,095$0$0$5,867,195
97$8,749,123$0$0$6,299,472
98$9,399,661$0$0$6,770,608
99$10,108,935$0$0$7,284,400
100$10,882,697$0$0$7,845,029