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%16.2%
1 years$74,073$73,414$72,770$72,142$71,528$69,714
2 years$36,670$35,987$35,325$34,683$34,061$32,245
3 years$24,204$23,518$22,858$22,222$21,610$19,849
4 years$17,972$17,288$16,635$16,010$15,412$13,720
5 years$14,234$13,554$12,909$12,297$11,716$10,097
6 years$11,743$11,068$10,432$9,834$9,271$7,726
7 years$9,964$9,295$8,669$8,085$7,539$6,070
8 years$8,630$7,967$7,352$6,782$6,255$4,860
9 years$7,594$6,937$6,333$5,777$5,267$3,946
10 years$6,765$6,115$5,521$4,980$4,488$3,238
11 years$6,087$5,444$4,861$4,334$3,860$2,679
12 years$5,523$4,886$4,314$3,802$3,345$2,232
13 years$5,046$4,415$3,854$3,356$2,917$1,869
14 years$4,637$4,013$3,463$2,979$2,557$1,572
15 years$4,283$3,666$3,126$2,657$2,251$1,327
16 years$3,974$3,364$2,835$2,379$1,990$1,124
17 years$3,701$3,098$2,579$2,138$1,764$954
18 years$3,459$2,863$2,355$1,926$1,569$811
19 years$3,243$2,653$2,156$1,741$1,398$691
20 years$3,049$2,465$1,978$1,576$1,249$590
21 years$2,873$2,296$1,820$1,431$1,118$504
22 years$2,713$2,144$1,677$1,301$1,002$431
23 years$2,568$2,005$1,548$1,185$899$369
24 years$2,435$1,878$1,432$1,081$808$316
25 years$2,313$1,763$1,326$987$727$271
26 years$2,200$1,657$1,230$902$655$232
27 years$2,096$1,559$1,142$826$591$199
28 years$1,999$1,469$1,062$757$533$171
29 years$1,909$1,386$988$694$481$147
30 years$1,826$1,309$920$637$435$126
31 years$1,748$1,237$858$585$393$109
32 years$1,675$1,171$801$538$356$93
33 years$1,606$1,109$748$494$322$80
34 years$1,542$1,051$698$455$291$69
35 years$1,482$997$653$419$264$59
36 years$1,425$946$611$386$239$51
37 years$1,371$899$572$355$217$44
38 years$1,320$854$535$327$196$38
39 years$1,272$812$502$302$178$32
40 years$1,226$773$470$278$162$28
41 years$1,183$735$441$257$147$24
42 years$1,142$700$414$237$133$21
43 years$1,103$667$388$219$121$18
44 years$1,066$636$364$202$110$15
45 years$1,030$607$342$187$99$13
46 years$997$579$321$172$90$11
47 years$964$552$302$159$82$10
48 years$933$527$284$147$74$8
49 years$904$503$267$136$68$7
50 years$876$481$251$126$61$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $897,000, adding $4,981 every year, while hoping to spend $44,573 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: 71/10/19 Blend
53$897,000$897,000$897,000$897,000
54$993,632$946,091$932,187$1,059,301
55$1,047,557$945,024$915,990$1,102,600
56$1,105,489$942,411$897,757$1,144,197
57$1,167,788$938,129$877,371$1,188,618
58$1,234,853$932,048$854,714$1,236,137
59$1,307,119$924,029$829,657$1,287,055
60$1,385,064$913,926$802,070$1,341,706
61$1,469,216$901,583$771,815$1,400,458
62$1,560,152$886,836$738,746$1,463,718
63$1,658,507$869,511$702,714$1,531,935
64$1,764,979$849,422$663,560$1,605,606
65$1,880,337$826,373$621,119$1,685,278
66$2,005,425$800,159$575,219$1,771,556
67$2,141,170$770,558$525,681$1,865,109
68$2,288,593$737,340$472,315$1,966,674
69$2,448,818$700,258$414,926$2,077,065
70$2,623,080$659,053$353,309$2,197,182
71$2,812,737$613,450$287,248$2,328,017
72$3,019,286$563,158$216,521$2,470,666
73$3,244,372$507,872$140,893$2,626,340
74$3,489,806$447,266$60,121$2,796,372
75$3,757,581$380,996$0$2,982,238
76$4,049,892$308,702$0$3,190,849
77$4,369,152$230,001$0$3,432,067
78$4,718,022$144,487$0$3,695,726
79$5,099,428$51,734$0$3,984,072
80$5,516,592$0$0$4,299,579
81$5,973,064$0$0$4,650,333
82$6,472,749$0$0$5,040,569
83$7,019,951$0$0$5,467,960
84$7,619,408$0$0$5,936,212
85$8,276,337$0$0$6,449,408
86$8,996,485$0$0$7,012,042
87$9,786,181$0$0$7,629,065
88$10,652,395$0$0$8,305,932
89$11,602,806$0$0$9,048,648
90$12,645,871$0$0$9,863,830
91$13,790,905$0$0$10,758,765
92$15,048,170$0$0$11,741,481
93$16,428,970$0$0$12,820,823
94$17,945,757$0$0$14,006,531
95$19,612,248$0$0$15,309,337
96$21,443,556$0$0$16,741,066
97$23,456,330$0$0$18,314,741
98$25,668,911$0$0$20,044,713
99$28,101,506$0$0$21,946,790
100$30,776,379$0$0$24,038,392