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%15.7%
1 years$73,991$73,332$72,689$72,061$71,448$69,778
2 years$36,629$35,947$35,286$34,645$34,023$32,349
3 years$24,177$23,492$22,832$22,197$21,586$19,961
4 years$17,952$17,269$16,616$15,992$15,395$13,833
5 years$14,218$13,539$12,895$12,283$11,703$10,207
6 years$11,729$11,056$10,421$9,823$9,260$7,832
7 years$9,953$9,285$8,660$8,076$7,531$6,170
8 years$8,621$7,959$7,344$6,775$6,248$4,954
9 years$7,585$6,929$6,326$5,771$5,261$4,035
10 years$6,757$6,108$5,515$4,974$4,483$3,321
11 years$6,080$5,437$4,855$4,329$3,856$2,757
12 years$5,517$4,880$4,309$3,797$3,341$2,304
13 years$5,040$4,410$3,850$3,352$2,914$1,936
14 years$4,632$4,009$3,459$2,976$2,554$1,634
15 years$4,279$3,662$3,123$2,654$2,249$1,385
16 years$3,970$3,360$2,831$2,376$1,987$1,176
17 years$3,697$3,094$2,576$2,135$1,762$1,002
18 years$3,456$2,859$2,352$1,924$1,567$856
19 years$3,239$2,650$2,153$1,739$1,397$732
20 years$3,045$2,463$1,976$1,575$1,247$627
21 years$2,870$2,294$1,818$1,429$1,116$538
22 years$2,710$2,141$1,675$1,299$1,001$462
23 years$2,565$2,003$1,547$1,183$898$397
24 years$2,432$1,876$1,430$1,079$807$341
25 years$2,310$1,761$1,325$986$726$294
26 years$2,197$1,655$1,229$901$654$253
27 years$2,093$1,557$1,141$825$590$218
28 years$1,997$1,468$1,061$756$532$188
29 years$1,907$1,384$987$693$481$162
30 years$1,824$1,308$919$636$434$140
31 years$1,746$1,236$857$584$393$121
32 years$1,673$1,170$800$537$355$104
33 years$1,605$1,108$747$494$321$90
34 years$1,540$1,050$698$454$291$78
35 years$1,480$996$652$418$264$67
36 years$1,423$945$610$385$239$58
37 years$1,369$898$571$355$216$50
38 years$1,319$853$535$327$196$43
39 years$1,271$811$501$302$178$37
40 years$1,225$772$470$278$161$32
41 years$1,182$735$440$257$146$28
42 years$1,141$700$413$237$133$24
43 years$1,102$667$388$219$121$21
44 years$1,065$635$364$202$109$18
45 years$1,029$606$342$186$99$15
46 years$995$578$321$172$90$13
47 years$963$552$301$159$82$12
48 years$932$527$283$147$74$10
49 years$903$503$266$136$68$9
50 years$875$480$250$126$61$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $896,000, adding $4,027 every year, while hoping to spend $40,660 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: 56/38/6 Blend
53$896,000$896,000$896,000$896,000
54$991,546$944,058$930,170$1,045,580
55$1,049,422$947,055$918,069$1,085,427
56$1,111,838$948,836$904,199$1,123,901
57$1,179,215$949,298$888,460$1,164,799
58$1,252,015$948,334$870,743$1,208,354
59$1,330,744$945,826$850,937$1,254,829
60$1,415,961$941,653$828,924$1,304,509
61$1,508,280$935,684$804,583$1,357,716
62$1,608,373$927,781$777,785$1,414,801
63$1,716,982$917,797$748,396$1,476,155
64$1,834,923$905,578$716,277$1,542,212
65$1,963,092$890,959$681,279$1,613,450
66$2,102,477$873,765$643,251$1,690,400
67$2,254,162$853,812$602,032$1,773,647
68$2,419,341$830,904$557,455$1,863,840
69$2,599,330$804,834$509,346$1,961,698
70$2,795,573$775,382$457,521$2,068,014
71$3,009,663$742,318$401,789$2,183,666
72$3,243,353$705,395$341,953$2,309,626
73$3,498,569$664,354$277,803$2,446,967
74$3,777,437$618,921$209,123$2,596,877
75$4,082,292$568,804$135,685$2,760,669
76$4,415,708$513,698$57,253$2,939,794
77$4,780,519$453,278$0$3,135,856
78$5,179,845$387,202$0$3,352,322
79$5,617,121$315,106$0$3,593,479
80$6,096,130$236,610$0$3,857,840
81$6,621,039$151,307$0$4,147,815
82$7,196,437$58,773$0$4,466,067
83$7,827,377$0$0$4,815,534
84$8,519,425$0$0$5,216,791
85$9,278,713$0$0$5,684,080
86$10,111,992$0$0$6,196,990
87$11,026,702$0$0$6,760,111
88$12,031,035$0$0$7,378,498
89$13,134,019$0$0$8,057,719
90$14,345,595$0$0$8,803,909
91$15,676,716$0$0$9,623,826
92$17,139,450$0$0$10,524,914
93$18,747,090$0$0$11,515,377
94$20,514,280$0$0$12,604,250
95$22,457,156$0$0$13,801,489
96$24,593,494$0$0$15,118,062
97$26,942,878$0$0$16,566,052
98$29,526,885$0$0$18,158,776
99$32,369,291$0$0$19,910,901
100$35,496,287$0$0$21,838,591