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%19.4%
1 years$73,908$73,250$72,608$71,981$71,369$68,673
2 years$36,588$35,907$35,246$34,606$33,985$31,300
3 years$24,150$23,466$22,807$22,172$21,561$18,972
4 years$17,932$17,250$16,597$15,974$15,378$12,904
5 years$14,202$13,524$12,880$12,270$11,690$9,338
6 years$11,716$11,043$10,409$9,812$9,250$7,021
7 years$9,942$9,274$8,650$8,067$7,523$5,416
8 years$8,611$7,950$7,336$6,767$6,241$4,255
9 years$7,577$6,922$6,318$5,764$5,256$3,388
10 years$6,750$6,101$5,509$4,969$4,478$2,725
11 years$6,074$5,431$4,850$4,324$3,851$2,209
12 years$5,511$4,875$4,304$3,793$3,337$1,801
13 years$5,035$4,406$3,845$3,349$2,910$1,476
14 years$4,627$4,004$3,455$2,973$2,551$1,215
15 years$4,274$3,658$3,119$2,651$2,246$1,002
16 years$3,965$3,356$2,828$2,374$1,985$829
17 years$3,693$3,091$2,574$2,133$1,760$688
18 years$3,452$2,856$2,349$1,922$1,565$571
19 years$3,236$2,647$2,151$1,737$1,395$475
20 years$3,042$2,460$1,974$1,573$1,246$396
21 years$2,867$2,291$1,816$1,428$1,115$330
22 years$2,707$2,139$1,673$1,298$1,000$275
23 years$2,562$2,000$1,545$1,182$897$230
24 years$2,429$1,874$1,429$1,078$806$192
25 years$2,307$1,759$1,323$985$726$160
26 years$2,195$1,653$1,227$900$654$134
27 years$2,091$1,556$1,140$824$589$112
28 years$1,995$1,466$1,060$755$532$94
29 years$1,905$1,383$986$692$480$78
30 years$1,822$1,306$918$635$434$66
31 years$1,744$1,235$856$584$392$55
32 years$1,671$1,168$799$536$355$46
33 years$1,603$1,106$746$493$321$38
34 years$1,539$1,049$697$454$291$32
35 years$1,478$995$652$418$263$27
36 years$1,421$944$610$385$239$23
37 years$1,368$897$571$354$216$19
38 years$1,317$852$534$327$196$16
39 years$1,269$810$501$301$178$13
40 years$1,224$771$469$278$161$11
41 years$1,180$734$440$256$146$9
42 years$1,139$699$413$237$133$8
43 years$1,100$666$387$218$120$7
44 years$1,063$635$363$202$109$5
45 years$1,028$605$341$186$99$5
46 years$994$577$321$172$90$4
47 years$962$551$301$159$82$3
48 years$931$526$283$147$74$3
49 years$902$502$266$136$68$2
50 years$874$480$250$125$61$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $895,000, adding $3,957 every year, while hoping to spend $43,153 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: 63/12/25 Blend
53$895,000$895,000$895,000$895,000
54$990,372$942,937$929,064$1,045,999
55$1,045,475$943,226$914,273$1,084,395
56$1,104,753$942,083$897,541$1,121,196
57$1,168,585$939,393$878,756$1,160,437
58$1,237,389$935,032$857,803$1,202,363
59$1,311,624$928,869$834,560$1,247,245
60$1,391,794$920,768$808,902$1,295,382
61$1,478,451$910,580$780,695$1,347,108
62$1,572,206$898,152$749,801$1,402,788
63$1,673,727$883,317$716,075$1,462,830
64$1,783,750$865,902$679,366$1,527,683
65$1,903,082$845,721$639,515$1,597,844
66$2,032,615$822,580$596,357$1,673,864
67$2,173,325$796,270$549,719$1,756,351
68$2,326,290$766,572$499,419$1,845,979
69$2,492,692$733,255$445,271$1,943,490
70$2,673,835$696,073$387,075$2,049,709
71$2,871,151$654,765$324,628$2,165,544
72$3,086,218$609,058$257,712$2,292,000
73$3,320,771$558,661$186,105$2,430,188
74$3,576,722$503,267$109,571$2,581,335
75$3,856,171$442,552$27,866$2,746,797
76$4,161,436$376,172$0$2,928,073
77$4,495,063$303,765$0$3,142,642
78$4,859,859$224,949$0$3,385,470
79$5,258,913$139,320$0$3,651,207
80$5,695,626$46,450$0$3,942,161
81$6,173,742$0$0$4,260,875
82$6,697,388$0$0$4,617,297
83$7,271,103$0$0$5,014,583
84$7,899,891$0$0$5,450,071
85$8,589,261$0$0$5,927,586
86$9,345,278$0$0$6,451,338
87$10,174,627$0$0$7,025,965
88$11,084,668$0$0$7,656,576
89$12,083,507$0$0$8,348,800
90$13,180,077$0$0$9,108,836
91$14,384,215$0$0$9,943,511
92$15,706,757$0$0$10,860,349
93$17,159,642$0$0$11,867,636
94$18,756,022$0$0$12,974,501
95$20,510,385$0$0$14,191,003
96$22,438,691$0$0$15,528,220
97$24,558,527$0$0$16,998,360
98$26,889,265$0$0$18,614,872
99$29,452,251$0$0$20,392,572
100$32,270,999$0$0$22,347,786