Can I retire at age 54 with 897,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $897,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.7%
1 years$74,073$73,414$72,770$72,142$71,528$70,430
2 years$36,670$35,987$35,325$34,683$34,061$32,957
3 years$24,204$23,518$22,858$22,222$21,610$20,535
4 years$17,972$17,288$16,635$16,010$15,412$14,375
5 years$14,234$13,554$12,909$12,297$11,716$10,718
6 years$11,743$11,068$10,432$9,834$9,271$8,314
7 years$9,964$9,295$8,669$8,085$7,539$6,625
8 years$8,630$7,967$7,352$6,782$6,255$5,381
9 years$7,594$6,937$6,333$5,777$5,267$4,435
10 years$6,765$6,115$5,521$4,980$4,488$3,696
11 years$6,087$5,444$4,861$4,334$3,860$3,107
12 years$5,523$4,886$4,314$3,802$3,345$2,631
13 years$5,046$4,415$3,854$3,356$2,917$2,240
14 years$4,637$4,013$3,463$2,979$2,557$1,917
15 years$4,283$3,666$3,126$2,657$2,251$1,646
16 years$3,974$3,364$2,835$2,379$1,990$1,419
17 years$3,701$3,098$2,579$2,138$1,764$1,226
18 years$3,459$2,863$2,355$1,926$1,569$1,062
19 years$3,243$2,653$2,156$1,741$1,398$922
20 years$3,049$2,465$1,978$1,576$1,249$802
21 years$2,873$2,296$1,820$1,431$1,118$698
22 years$2,713$2,144$1,677$1,301$1,002$609
23 years$2,568$2,005$1,548$1,185$899$531
24 years$2,435$1,878$1,432$1,081$808$464
25 years$2,313$1,763$1,326$987$727$406
26 years$2,200$1,657$1,230$902$655$355
27 years$2,096$1,559$1,142$826$591$311
28 years$1,999$1,469$1,062$757$533$272
29 years$1,909$1,386$988$694$481$239
30 years$1,826$1,309$920$637$435$209
31 years$1,748$1,237$858$585$393$184
32 years$1,675$1,171$801$538$356$161
33 years$1,606$1,109$748$494$322$141
34 years$1,542$1,051$698$455$291$124
35 years$1,482$997$653$419$264$109
36 years$1,425$946$611$386$239$96
37 years$1,371$899$572$355$217$84
38 years$1,320$854$535$327$196$74
39 years$1,272$812$502$302$178$65
40 years$1,226$773$470$278$162$57
41 years$1,183$735$441$257$147$50
42 years$1,142$700$414$237$133$44
43 years$1,103$667$388$219$121$39
44 years$1,066$636$364$202$110$34
45 years$1,030$607$342$187$99$30
46 years$997$579$321$172$90$26
47 years$964$552$302$159$82$23
48 years$933$527$284$147$74$20
49 years$904$503$267$136$68$18
50 years$876$481$251$126$61$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $897,000, adding $4,082 every year, while hoping to spend $27,779 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: 57/21/22 Blend
53$897,000$897,000$897,000$897,000
54$992,705$945,164$931,260$1,043,189
55$1,064,404$961,920$932,901$1,094,850
56$1,142,485$978,566$933,665$1,147,808
57$1,227,571$995,068$933,495$1,204,922
58$1,320,344$1,011,388$932,328$1,266,602
59$1,421,559$1,027,485$930,101$1,333,296
60$1,532,044$1,043,318$926,745$1,405,500
61$1,652,710$1,058,838$922,189$1,483,762
62$1,784,564$1,073,998$916,359$1,568,683
63$1,928,709$1,088,744$909,177$1,660,930
64$2,086,364$1,103,020$900,562$1,761,236
65$2,258,870$1,116,764$890,427$1,870,410
66$2,447,701$1,129,912$878,682$1,989,344
67$2,654,483$1,142,394$865,235$2,119,024
68$2,881,007$1,154,138$849,987$2,260,535
69$3,129,242$1,165,063$832,834$2,415,074
70$3,401,360$1,175,087$813,669$2,583,962
71$3,699,752$1,184,119$792,380$2,768,655
72$4,027,051$1,192,065$768,849$2,970,760
73$4,386,156$1,198,822$742,951$3,192,049
74$4,780,263$1,204,284$714,560$3,434,474
75$5,212,891$1,208,334$683,538$3,700,191
76$5,687,915$1,210,853$649,746$3,991,576
77$6,209,607$1,211,708$613,037$4,311,248
78$6,782,669$1,210,764$573,255$4,662,098
79$7,412,283$1,207,873$530,241$5,047,311
80$8,104,157$1,202,881$483,827$5,470,400
81$8,864,582$1,195,623$433,835$5,935,241
82$9,700,485$1,185,923$380,084$6,446,105
83$10,619,498$1,173,598$322,381$7,007,702
84$11,630,032$1,158,450$260,526$7,625,226
85$12,741,352$1,140,270$194,311$8,304,404
86$13,963,667$1,118,840$123,516$9,051,550
87$15,308,222$1,093,924$47,915$9,873,625
88$16,787,409$1,065,275$0$10,778,306
89$18,414,884$1,032,632$0$11,781,744
90$20,205,688$995,717$0$12,898,083
91$22,176,397$954,237$0$14,126,408
92$24,345,275$907,880$0$15,478,125
93$26,732,446$856,318$0$16,965,799
94$29,360,082$799,205$0$18,603,282
95$32,252,617$736,172$0$20,405,841
96$35,436,971$666,832$0$22,390,298
97$38,942,809$590,773$0$24,575,196
98$42,802,817$507,563$0$26,980,972
99$47,053,012$416,742$0$29,630,148
100$51,733,084$317,826$0$32,547,546