Can I retire at age 54 with 895,000?

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 $895,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.5%
1 years$73,908$73,250$72,608$71,981$71,369$69,757
2 years$36,588$35,907$35,246$34,606$33,985$32,370
3 years$24,150$23,466$22,807$22,172$21,561$19,993
4 years$17,932$17,250$16,597$15,974$15,378$13,869
5 years$14,202$13,524$12,880$12,270$11,690$10,244
6 years$11,716$11,043$10,409$9,812$9,250$7,869
7 years$9,942$9,274$8,650$8,067$7,523$6,207
8 years$8,611$7,950$7,336$6,767$6,241$4,989
9 years$7,577$6,922$6,318$5,764$5,256$4,068
10 years$6,750$6,101$5,509$4,969$4,478$3,353
11 years$6,074$5,431$4,850$4,324$3,851$2,787
12 years$5,511$4,875$4,304$3,793$3,337$2,332
13 years$5,035$4,406$3,845$3,349$2,910$1,962
14 years$4,627$4,004$3,455$2,973$2,551$1,659
15 years$4,274$3,658$3,119$2,651$2,246$1,407
16 years$3,965$3,356$2,828$2,374$1,985$1,197
17 years$3,693$3,091$2,574$2,133$1,760$1,021
18 years$3,452$2,856$2,349$1,922$1,565$873
19 years$3,236$2,647$2,151$1,737$1,395$748
20 years$3,042$2,460$1,974$1,573$1,246$642
21 years$2,867$2,291$1,816$1,428$1,115$551
22 years$2,707$2,139$1,673$1,298$1,000$474
23 years$2,562$2,000$1,545$1,182$897$408
24 years$2,429$1,874$1,429$1,078$806$351
25 years$2,307$1,759$1,323$985$726$303
26 years$2,195$1,653$1,227$900$654$261
27 years$2,091$1,556$1,140$824$589$226
28 years$1,995$1,466$1,060$755$532$195
29 years$1,905$1,383$986$692$480$168
30 years$1,822$1,306$918$635$434$145
31 years$1,744$1,235$856$584$392$126
32 years$1,671$1,168$799$536$355$109
33 years$1,603$1,106$746$493$321$94
34 years$1,539$1,049$697$454$291$81
35 years$1,478$995$652$418$263$70
36 years$1,421$944$610$385$239$61
37 years$1,368$897$571$354$216$53
38 years$1,317$852$534$327$196$45
39 years$1,269$810$501$301$178$39
40 years$1,224$771$469$278$161$34
41 years$1,180$734$440$256$146$29
42 years$1,139$699$413$237$133$25
43 years$1,100$666$387$218$120$22
44 years$1,063$635$363$202$109$19
45 years$1,028$605$341$186$99$17
46 years$994$577$321$172$90$14
47 years$962$551$301$159$82$12
48 years$931$526$283$147$74$11
49 years$902$502$266$136$68$9
50 years$874$480$250$125$61$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $895,000, adding $3,881 every year, while hoping to spend $49,296 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: 56/26/18 Blend
53$895,000$895,000$895,000$895,000
54$990,293$942,858$928,986$1,040,800
55$1,038,853$936,608$907,656$1,069,379
56$1,090,713$928,399$883,960$1,094,861
57$1,146,159$918,083$857,766$1,121,521
58$1,205,502$905,504$828,936$1,149,482
59$1,269,085$890,496$797,327$1,178,884
60$1,337,283$872,882$762,789$1,209,883
61$1,410,508$852,475$725,164$1,242,653
62$1,489,211$829,078$684,289$1,277,389
63$1,573,890$802,482$639,992$1,314,307
64$1,665,089$772,465$592,094$1,353,651
65$1,763,405$738,794$540,406$1,395,691
66$1,869,497$701,219$484,734$1,440,729
67$1,984,086$659,480$424,874$1,489,100
68$2,107,967$613,298$360,610$1,541,181
69$2,242,010$562,380$291,722$1,597,387
70$2,387,176$506,417$217,975$1,658,182
71$2,544,517$445,081$139,126$1,724,083
72$2,715,194$378,026$54,923$1,795,664
73$2,900,480$304,886$0$1,873,562
74$3,101,778$225,274$0$1,965,197
75$3,320,630$138,783$0$2,076,337
76$3,558,733$44,982$0$2,197,353
77$3,817,953$0$0$2,329,273
78$4,100,345$0$0$2,489,422
79$4,408,170$0$0$2,678,096
80$4,743,914$0$0$2,883,959
81$5,110,317$0$0$3,108,700
82$5,510,393$0$0$3,354,178
83$5,947,459$0$0$3,622,438
84$6,425,169$0$0$3,915,735
85$6,947,544$0$0$4,236,548
86$7,519,011$0$0$4,587,608
87$8,144,447$0$0$4,971,923
88$8,829,221$0$0$5,392,803
89$9,579,243$0$0$5,853,897
90$10,401,025$0$0$6,359,219
91$11,301,737$0$0$6,913,194
92$12,289,276$0$0$7,520,691
93$13,372,338$0$0$8,187,078
94$14,560,504$0$0$8,918,263
95$15,864,325$0$0$9,720,756
96$17,295,422$0$0$10,601,728
97$18,866,600$0$0$11,569,077
98$20,591,959$0$0$12,631,504
99$22,487,035$0$0$13,798,593
100$24,568,942$0$0$15,080,903