Can I retire at age 54 with 896,000?

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 $896,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.8%
1 years$73,991$73,332$72,689$72,061$71,448$70,323
2 years$36,629$35,947$35,286$34,645$34,023$32,892
3 years$24,177$23,492$22,832$22,197$21,586$20,484
4 years$17,952$17,269$16,616$15,992$15,395$14,332
5 years$14,218$13,539$12,895$12,283$11,703$10,681
6 years$11,729$11,056$10,421$9,823$9,260$8,281
7 years$9,953$9,285$8,660$8,076$7,531$6,594
8 years$8,621$7,959$7,344$6,775$6,248$5,353
9 years$7,585$6,929$6,326$5,771$5,261$4,409
10 years$6,757$6,108$5,515$4,974$4,483$3,672
11 years$6,080$5,437$4,855$4,329$3,856$3,085
12 years$5,517$4,880$4,309$3,797$3,341$2,611
13 years$5,040$4,410$3,850$3,352$2,914$2,221
14 years$4,632$4,009$3,459$2,976$2,554$1,899
15 years$4,279$3,662$3,123$2,654$2,249$1,630
16 years$3,970$3,360$2,831$2,376$1,987$1,404
17 years$3,697$3,094$2,576$2,135$1,762$1,213
18 years$3,456$2,859$2,352$1,924$1,567$1,050
19 years$3,239$2,650$2,153$1,739$1,397$910
20 years$3,045$2,463$1,976$1,575$1,247$791
21 years$2,870$2,294$1,818$1,429$1,116$688
22 years$2,710$2,141$1,675$1,299$1,001$600
23 years$2,565$2,003$1,547$1,183$898$523
24 years$2,432$1,876$1,430$1,079$807$457
25 years$2,310$1,761$1,325$986$726$399
26 years$2,197$1,655$1,229$901$654$349
27 years$2,093$1,557$1,141$825$590$305
28 years$1,997$1,468$1,061$756$532$267
29 years$1,907$1,384$987$693$481$234
30 years$1,824$1,308$919$636$434$205
31 years$1,746$1,236$857$584$393$180
32 years$1,673$1,170$800$537$355$158
33 years$1,605$1,108$747$494$321$138
34 years$1,540$1,050$698$454$291$121
35 years$1,480$996$652$418$264$106
36 years$1,423$945$610$385$239$93
37 years$1,369$898$571$355$216$82
38 years$1,319$853$535$327$196$72
39 years$1,271$811$501$302$178$63
40 years$1,225$772$470$278$161$55
41 years$1,182$735$440$257$146$49
42 years$1,141$700$413$237$133$43
43 years$1,102$667$388$219$121$38
44 years$1,065$635$364$202$109$33
45 years$1,029$606$342$186$99$29
46 years$995$578$321$172$90$25
47 years$963$552$301$159$82$22
48 years$932$527$283$147$74$20
49 years$903$503$266$136$68$17
50 years$875$480$250$126$61$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $896,000, adding $2,773 every year, while hoping to spend $49,233 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: 69/26/5 Blend
53$896,000$896,000$896,000$896,000
54$990,252$942,764$928,876$1,057,855
55$1,038,875$936,576$907,610$1,096,724
56$1,090,806$928,435$883,982$1,132,910
57$1,146,333$918,193$857,859$1,171,132
58$1,205,767$905,693$829,106$1,211,579
59$1,269,453$890,769$797,579$1,254,459
60$1,337,767$873,247$763,127$1,300,002
61$1,411,122$852,938$725,595$1,348,465
62$1,489,972$829,648$684,818$1,400,130
63$1,574,814$803,165$640,624$1,455,309
64$1,666,195$773,271$592,835$1,514,350
65$1,764,716$739,730$541,264$1,577,636
66$1,871,036$702,296$485,715$1,645,590
67$1,985,880$660,706$425,985$1,718,682
68$2,110,043$614,685$361,859$1,797,431
69$2,244,402$563,938$293,116$1,882,411
70$2,389,918$508,159$219,522$1,974,258
71$2,547,649$447,018$140,836$2,073,675
72$2,718,759$380,171$56,803$2,181,439
73$2,904,526$307,253$0$2,298,409
74$3,106,358$227,879$0$2,427,291
75$3,325,802$141,640$0$2,570,730
76$3,564,561$48,108$0$2,726,869
77$3,824,508$0$0$2,897,010
78$4,107,706$0$0$3,097,801
79$4,416,422$0$0$3,331,736
80$4,753,154$0$0$3,586,948
81$5,120,649$0$0$3,865,525
82$5,521,933$0$0$4,169,768
83$5,960,337$0$0$4,502,208
84$6,439,524$0$0$4,865,631
85$6,963,533$0$0$5,263,105
86$7,536,807$0$0$5,698,008
87$8,164,240$0$0$6,174,061
88$8,851,218$0$0$6,695,359
89$9,603,677$0$0$7,266,413
90$10,428,150$0$0$7,892,191
91$11,331,833$0$0$8,578,163
92$12,322,653$0$0$9,330,355
93$13,409,337$0$0$10,155,402
94$14,601,502$0$0$11,060,615
95$15,909,736$0$0$12,054,045
96$17,345,705$0$0$13,144,560
97$18,922,257$0$0$14,341,929
98$20,653,548$0$0$15,656,913
99$22,555,169$0$0$17,101,367
100$24,644,296$0$0$18,688,350