Can I retire at age 54 with 893,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $893,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.6%
1 years$73,743$73,086$72,445$71,820$71,209$70,145
2 years$36,506$35,827$35,168$34,529$33,909$32,839
3 years$24,096$23,413$22,756$22,123$21,513$20,471
4 years$17,892$17,211$16,560$15,938$15,343$14,337
5 years$14,170$13,494$12,852$12,242$11,664$10,696
6 years$11,690$11,019$10,386$9,790$9,229$8,301
7 years$9,919$9,253$8,631$8,049$7,506$6,618
8 years$8,592$7,932$7,320$6,752$6,227$5,379
9 years$7,560$6,906$6,304$5,751$5,244$4,436
10 years$6,735$6,087$5,496$4,958$4,468$3,699
11 years$6,060$5,419$4,839$4,315$3,843$3,112
12 years$5,498$4,864$4,294$3,785$3,330$2,636
13 years$5,023$4,396$3,837$3,341$2,904$2,246
14 years$4,616$3,996$3,447$2,966$2,545$1,923
15 years$4,264$3,650$3,112$2,645$2,241$1,653
16 years$3,956$3,349$2,822$2,368$1,981$1,425
17 years$3,685$3,084$2,568$2,128$1,756$1,233
18 years$3,444$2,850$2,344$1,918$1,562$1,069
19 years$3,229$2,641$2,146$1,733$1,392$928
20 years$3,035$2,454$1,969$1,569$1,243$808
21 years$2,860$2,286$1,811$1,424$1,113$704
22 years$2,701$2,134$1,670$1,295$997$614
23 years$2,557$1,996$1,542$1,179$895$537
24 years$2,424$1,870$1,426$1,076$805$469
25 years$2,302$1,755$1,320$982$724$411
26 years$2,190$1,649$1,225$898$652$360
27 years$2,086$1,552$1,137$822$588$315
28 years$1,990$1,463$1,057$753$531$276
29 years$1,901$1,380$984$691$479$242
30 years$1,818$1,303$916$634$433$213
31 years$1,740$1,232$854$582$391$187
32 years$1,667$1,166$797$535$354$164
33 years$1,599$1,104$744$492$320$144
34 years$1,535$1,046$695$453$290$127
35 years$1,475$992$650$417$263$111
36 years$1,418$942$608$384$238$98
37 years$1,365$895$569$354$216$86
38 years$1,314$850$533$326$196$76
39 years$1,266$808$499$301$177$66
40 years$1,221$769$468$277$161$58
41 years$1,178$732$439$256$146$51
42 years$1,137$697$412$236$132$45
43 years$1,098$664$386$218$120$40
44 years$1,061$633$363$201$109$35
45 years$1,026$604$341$186$99$31
46 years$992$576$320$172$90$27
47 years$960$550$300$159$82$24
48 years$929$525$282$147$74$21
49 years$900$501$265$135$67$18
50 years$872$479$250$125$61$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $893,000, adding $4,485 every year, while hoping to spend $56,424 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: 83/6/11 Blend
53$893,000$893,000$893,000$893,000
54$988,712$941,383$927,542$1,068,612
55$1,029,526$927,476$898,580$1,107,677
56$1,072,612$910,997$866,756$1,142,604
57$1,118,142$891,759$831,916$1,179,255
58$1,166,304$869,567$793,897$1,217,771
59$1,217,303$844,212$752,528$1,258,308
60$1,271,363$815,473$707,633$1,301,038
61$1,328,729$783,118$659,026$1,346,147
62$1,389,668$746,900$606,512$1,393,844
63$1,454,473$706,557$549,889$1,444,357
64$1,523,465$661,814$488,946$1,497,938
65$1,596,995$612,379$423,462$1,554,864
66$1,675,445$557,942$353,205$1,615,442
67$1,759,237$498,178$277,934$1,680,007
68$1,848,833$432,742$197,398$1,748,933
69$1,944,737$361,270$111,334$1,822,628
70$2,047,504$283,376$19,467$1,901,545
71$2,157,742$198,654$0$1,986,182
72$2,276,118$106,674$0$2,086,309
73$2,403,364$6,983$0$2,196,350
74$2,540,284$0$0$2,314,722
75$2,687,762$0$0$2,448,862
76$2,846,766$0$0$2,593,996
77$3,018,361$0$0$2,750,638
78$3,203,717$0$0$2,919,856
79$3,404,120$0$0$3,102,828
80$3,620,984$0$0$3,300,844
81$3,855,861$0$0$3,515,327
82$4,110,461$0$0$3,747,838
83$4,386,660$0$0$4,000,093
84$4,686,526$0$0$4,273,984
85$5,012,329$0$0$4,571,586
86$5,366,568$0$0$4,895,186
87$5,751,995$0$0$5,247,297
88$6,171,633$0$0$5,630,688
89$6,628,811$0$0$6,048,402
90$7,127,193$0$0$6,503,789
91$7,670,811$0$0$7,000,536
92$8,264,102$0$0$7,542,703
93$8,911,951$0$0$8,134,757
94$9,619,736$0$0$8,781,614
95$10,393,376$0$0$9,488,691
96$11,239,388$0$0$10,261,946
97$12,164,949$0$0$11,107,945
98$13,177,961$0$0$12,033,912
99$14,287,123$0$0$13,047,806
100$15,502,018$0$0$14,158,390