Can I retire at age 54 with 897,000?

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 $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%16.9%
1 years$74,073$73,414$72,770$72,142$71,528$69,517
2 years$36,670$35,987$35,325$34,683$34,061$32,050
3 years$24,204$23,518$22,858$22,222$21,610$19,662
4 years$17,972$17,288$16,635$16,010$15,412$13,543
5 years$14,234$13,554$12,909$12,297$11,716$9,930
6 years$11,743$11,068$10,432$9,834$9,271$7,570
7 years$9,964$9,295$8,669$8,085$7,539$5,924
8 years$8,630$7,967$7,352$6,782$6,255$4,723
9 years$7,594$6,937$6,333$5,777$5,267$3,818
10 years$6,765$6,115$5,521$4,980$4,488$3,120
11 years$6,087$5,444$4,861$4,334$3,860$2,570
12 years$5,523$4,886$4,314$3,802$3,345$2,131
13 years$5,046$4,415$3,854$3,356$2,917$1,776
14 years$4,637$4,013$3,463$2,979$2,557$1,487
15 years$4,283$3,666$3,126$2,657$2,251$1,249
16 years$3,974$3,364$2,835$2,379$1,990$1,052
17 years$3,701$3,098$2,579$2,138$1,764$889
18 years$3,459$2,863$2,355$1,926$1,569$752
19 years$3,243$2,653$2,156$1,741$1,398$637
20 years$3,049$2,465$1,978$1,576$1,249$541
21 years$2,873$2,296$1,820$1,431$1,118$460
22 years$2,713$2,144$1,677$1,301$1,002$391
23 years$2,568$2,005$1,548$1,185$899$333
24 years$2,435$1,878$1,432$1,081$808$284
25 years$2,313$1,763$1,326$987$727$242
26 years$2,200$1,657$1,230$902$655$206
27 years$2,096$1,559$1,142$826$591$176
28 years$1,999$1,469$1,062$757$533$150
29 years$1,909$1,386$988$694$481$128
30 years$1,826$1,309$920$637$435$110
31 years$1,748$1,237$858$585$393$94
32 years$1,675$1,171$801$538$356$80
33 years$1,606$1,109$748$494$322$68
34 years$1,542$1,051$698$455$291$58
35 years$1,482$997$653$419$264$50
36 years$1,425$946$611$386$239$43
37 years$1,371$899$572$355$217$36
38 years$1,320$854$535$327$196$31
39 years$1,272$812$502$302$178$27
40 years$1,226$773$470$278$162$23
41 years$1,183$735$441$257$147$20
42 years$1,142$700$414$237$133$17
43 years$1,103$667$388$219$121$14
44 years$1,066$636$364$202$110$12
45 years$1,030$607$342$187$99$10
46 years$997$579$321$172$90$9
47 years$964$552$302$159$82$8
48 years$933$527$284$147$74$7
49 years$904$503$267$136$68$6
50 years$876$481$251$126$61$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $897,000, adding $4,626 every year, while hoping to spend $30,893 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: 73/7/20 Blend
53$897,000$897,000$897,000$897,000
54$993,266$945,725$931,821$1,060,691
55$1,061,709$959,195$930,167$1,119,582
56$1,136,098$972,291$927,423$1,179,907
57$1,217,007$984,959$923,518$1,245,208
58$1,305,066$997,148$918,381$1,315,975
59$1,400,972$1,008,796$911,935$1,392,746
60$1,505,487$1,019,844$904,102$1,476,116
61$1,619,454$1,030,224$894,796$1,566,739
62$1,743,799$1,039,865$883,932$1,665,337
63$1,879,540$1,048,692$871,418$1,772,706
64$2,027,800$1,056,625$857,157$1,889,722
65$2,189,814$1,063,577$841,050$2,017,353
66$2,366,941$1,069,459$822,991$2,156,663
67$2,560,679$1,074,172$802,871$2,308,828
68$2,772,675$1,077,614$780,575$2,475,142
69$3,004,746$1,079,675$755,982$2,657,033
70$3,258,890$1,080,239$728,967$2,856,074
71$3,537,308$1,079,181$699,398$3,073,999
72$3,842,423$1,076,371$667,138$3,312,722
73$4,176,906$1,071,670$632,044$3,574,349
74$4,543,697$1,064,928$593,964$3,861,205
75$4,946,035$1,055,989$552,741$4,175,850
76$5,387,485$1,044,688$508,213$4,521,108
77$5,871,977$1,030,846$460,207$4,900,091
78$6,403,839$1,014,278$408,544$5,316,231
79$6,987,838$994,785$353,038$5,773,309
80$7,629,225$972,157$293,492$6,275,494
81$8,333,786$946,172$229,704$6,827,382
82$9,107,892$916,595$161,459$7,434,038
83$9,958,566$883,177$88,537$8,101,046
84$10,893,540$845,654$10,703$8,834,561
85$11,921,337$803,746$0$9,641,367
86$13,051,344$757,160$0$10,544,385
87$14,293,904$705,584$0$11,539,856
88$15,660,411$648,686$0$12,634,638
89$17,163,420$586,120$0$13,838,803
90$18,816,765$517,515$0$15,163,452
91$20,635,685$442,483$0$16,620,816
92$22,636,972$360,612$0$18,224,374
93$24,839,129$271,468$0$19,988,977
94$27,262,541$174,591$0$21,930,990
95$29,929,671$69,497$0$24,068,449
96$32,865,268$0$0$26,421,224
97$36,096,603$0$0$29,014,628
98$39,653,725$0$0$31,875,446
99$43,569,745$0$0$35,024,959
100$47,881,146$0$0$38,492,516