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%14%
1 years$73,908$73,250$72,608$71,981$71,369$70,186
2 years$36,588$35,907$35,246$34,606$33,985$32,797
3 years$24,150$23,466$22,807$22,172$21,561$20,405
4 years$17,932$17,250$16,597$15,974$15,378$14,262
5 years$14,202$13,524$12,880$12,270$11,690$10,618
6 years$11,716$11,043$10,409$9,812$9,250$8,223
7 years$9,942$9,274$8,650$8,067$7,523$6,541
8 years$8,611$7,950$7,336$6,767$6,241$5,304
9 years$7,577$6,922$6,318$5,764$5,256$4,363
10 years$6,750$6,101$5,509$4,969$4,478$3,630
11 years$6,074$5,431$4,850$4,324$3,851$3,046
12 years$5,511$4,875$4,304$3,793$3,337$2,574
13 years$5,035$4,406$3,845$3,349$2,910$2,187
14 years$4,627$4,004$3,455$2,973$2,551$1,868
15 years$4,274$3,658$3,119$2,651$2,246$1,601
16 years$3,965$3,356$2,828$2,374$1,985$1,377
17 years$3,693$3,091$2,574$2,133$1,760$1,187
18 years$3,452$2,856$2,349$1,922$1,565$1,026
19 years$3,236$2,647$2,151$1,737$1,395$889
20 years$3,042$2,460$1,974$1,573$1,246$771
21 years$2,867$2,291$1,816$1,428$1,115$670
22 years$2,707$2,139$1,673$1,298$1,000$583
23 years$2,562$2,000$1,545$1,182$897$508
24 years$2,429$1,874$1,429$1,078$806$442
25 years$2,307$1,759$1,323$985$726$386
26 years$2,195$1,653$1,227$900$654$337
27 years$2,091$1,556$1,140$824$589$294
28 years$1,995$1,466$1,060$755$532$257
29 years$1,905$1,383$986$692$480$225
30 years$1,822$1,306$918$635$434$197
31 years$1,744$1,235$856$584$392$172
32 years$1,671$1,168$799$536$355$151
33 years$1,603$1,106$746$493$321$132
34 years$1,539$1,049$697$454$291$116
35 years$1,478$995$652$418$263$101
36 years$1,421$944$610$385$239$89
37 years$1,368$897$571$354$216$78
38 years$1,317$852$534$327$196$68
39 years$1,269$810$501$301$178$60
40 years$1,224$771$469$278$161$52
41 years$1,180$734$440$256$146$46
42 years$1,139$699$413$237$133$40
43 years$1,100$666$387$218$120$35
44 years$1,063$635$363$202$109$31
45 years$1,028$605$341$186$99$27
46 years$994$577$321$172$90$24
47 years$962$551$301$159$82$21
48 years$931$526$283$147$74$18
49 years$902$502$266$136$68$16
50 years$874$480$250$125$61$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $895,000, adding $6,030 every year, while hoping to spend $23,158 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: 42/28/30 Blend
53$895,000$895,000$895,000$895,000
54$992,510$945,075$931,202$1,025,266
55$1,069,106$966,744$937,758$1,071,170
56$1,152,739$988,698$943,757$1,118,239
57$1,244,101$1,010,928$949,156$1,168,782
58$1,343,957$1,033,420$953,910$1,223,134
59$1,453,147$1,056,164$957,972$1,281,668
60$1,572,594$1,079,143$961,291$1,344,790
61$1,703,320$1,102,341$963,814$1,412,952
62$1,846,444$1,125,742$965,488$1,486,650
63$2,003,203$1,149,324$966,253$1,566,432
64$2,174,956$1,173,068$966,049$1,652,903
65$2,363,202$1,196,949$964,812$1,746,730
66$2,569,591$1,220,942$962,476$1,848,649
67$2,795,940$1,245,018$958,969$1,959,469
68$3,044,250$1,269,148$954,219$2,080,087
69$3,316,726$1,293,299$948,148$2,211,488
70$3,615,797$1,317,436$940,676$2,354,763
71$3,944,137$1,341,519$931,717$2,511,110
72$4,304,692$1,365,507$921,184$2,681,854
73$4,700,710$1,389,356$908,982$2,868,456
74$5,135,765$1,413,017$895,015$3,072,527
75$5,613,796$1,436,438$879,182$3,295,842
76$6,139,143$1,459,563$861,374$3,540,361
77$6,716,587$1,482,333$841,482$3,808,245
78$7,351,395$1,504,683$819,387$4,101,875
79$8,049,369$1,526,545$794,968$4,423,881
80$8,816,902$1,547,843$768,098$4,777,160
81$9,661,039$1,568,500$738,642$5,164,907
82$10,589,539$1,588,431$706,460$5,590,646
83$11,610,953$1,607,545$671,408$6,058,263
84$12,734,702$1,625,746$633,331$6,572,043
85$13,971,165$1,642,931$592,072$7,136,709
86$15,331,780$1,658,990$547,461$7,757,473
87$16,829,147$1,673,807$499,327$8,440,077
88$18,477,151$1,687,255$447,486$9,190,855
89$20,291,092$1,699,202$391,748$10,016,792
90$22,287,827$1,709,506$331,916$10,925,584
91$24,485,931$1,718,018$267,781$11,925,723
92$26,905,871$1,724,576$199,126$13,026,566
93$29,570,200$1,729,010$125,727$14,238,431
94$32,503,768$1,731,139$47,346$15,572,696
95$35,733,959$1,730,771$0$17,041,899
96$39,290,945$1,727,701$0$18,671,488
97$43,207,976$1,721,713$0$20,482,014
98$47,521,688$1,712,576$0$22,475,194
99$52,272,454$1,700,045$0$24,669,641
100$57,504,760$1,683,863$0$27,085,869