Can I retire at age 54 with 898,000?

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 $898,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13%
1 years$74,156$73,495$72,851$72,222$71,608$70,713
2 years$36,711$36,027$35,365$34,722$34,099$33,199
3 years$24,231$23,544$22,883$22,247$21,634$20,756
4 years$17,992$17,307$16,653$16,028$15,429$14,581
5 years$14,250$13,569$12,924$12,311$11,729$10,912
6 years$11,756$11,080$10,444$9,845$9,281$8,496
7 years$9,975$9,305$8,679$8,094$7,548$6,796
8 years$8,640$7,976$7,361$6,790$6,262$5,543
9 years$7,602$6,945$6,340$5,784$5,273$4,587
10 years$6,772$6,122$5,527$4,985$4,493$3,839
11 years$6,094$5,450$4,866$4,339$3,864$3,242
12 years$5,529$4,891$4,318$3,806$3,349$2,757
13 years$5,051$4,420$3,858$3,360$2,920$2,358
14 years$4,642$4,018$3,467$2,983$2,560$2,027
15 years$4,288$3,670$3,130$2,660$2,254$1,750
16 years$3,978$3,368$2,838$2,382$1,992$1,515
17 years$3,706$3,101$2,582$2,140$1,766$1,316
18 years$3,463$2,866$2,357$1,928$1,570$1,146
19 years$3,247$2,656$2,158$1,743$1,400$999
20 years$3,052$2,468$1,980$1,578$1,250$874
21 years$2,876$2,299$1,822$1,432$1,119$765
22 years$2,716$2,146$1,679$1,302$1,003$670
23 years$2,571$2,007$1,550$1,186$900$588
24 years$2,438$1,881$1,434$1,082$809$517
25 years$2,315$1,765$1,328$988$728$454
26 years$2,202$1,659$1,231$903$656$400
27 years$2,098$1,561$1,144$827$591$352
28 years$2,001$1,471$1,063$758$534$310
29 years$1,912$1,388$989$695$482$273
30 years$1,828$1,310$921$638$435$241
31 years$1,750$1,239$859$586$394$213
32 years$1,677$1,172$802$538$356$188
33 years$1,608$1,110$748$495$322$166
34 years$1,544$1,052$699$455$292$146
35 years$1,483$998$654$419$264$129
36 years$1,426$947$612$386$239$114
37 years$1,372$900$572$356$217$101
38 years$1,322$855$536$328$197$89
39 years$1,273$813$502$302$178$79
40 years$1,228$773$471$279$162$70
41 years$1,184$736$441$257$147$62
42 years$1,143$701$414$237$133$55
43 years$1,104$668$389$219$121$48
44 years$1,067$637$365$202$110$43
45 years$1,031$607$342$187$100$38
46 years$998$579$322$173$90$33
47 years$965$553$302$159$82$30
48 years$935$528$284$147$75$26
49 years$905$504$267$136$68$23
50 years$877$481$251$126$62$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $898,000, adding $5,755 every year, while hoping to spend $32,125 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: 75/6/19 Blend
53$898,000$898,000$898,000$898,000
54$995,532$947,938$934,019$1,065,370
55$1,062,896$960,207$931,128$1,124,693
56$1,136,054$971,999$927,064$1,185,194
57$1,215,563$983,259$921,752$1,250,670
58$1,302,037$993,925$915,117$1,321,607
59$1,396,149$1,003,932$907,078$1,398,544
60$1,498,642$1,013,211$897,551$1,482,072
61$1,610,332$1,021,686$886,448$1,572,845
62$1,732,118$1,029,281$873,675$1,671,582
63$1,864,988$1,035,909$859,137$1,779,076
64$2,010,030$1,041,483$842,732$1,896,201
65$2,168,444$1,045,906$824,354$2,023,922
66$2,341,548$1,049,078$803,892$2,163,300
67$2,530,794$1,050,890$781,231$2,315,505
68$2,737,780$1,051,230$756,248$2,481,830
69$2,964,268$1,049,974$728,816$2,663,695
70$3,212,196$1,046,995$698,804$2,862,669
71$3,483,698$1,042,156$666,072$3,080,480
72$3,781,124$1,035,311$630,474$3,319,034
73$4,107,064$1,026,306$591,861$3,580,430
74$4,464,368$1,014,979$550,071$3,866,985
75$4,856,176$1,001,155$504,941$4,181,249
76$5,285,947$984,652$456,297$4,526,035
77$5,757,488$965,276$403,959$4,904,445
78$6,274,998$942,820$347,737$5,319,895
79$6,843,095$917,066$287,434$5,776,154
80$7,466,872$887,783$222,844$6,277,374
81$8,151,937$854,728$153,753$6,828,133
82$8,904,467$817,642$79,936$7,433,476
83$9,731,267$776,251$1,158$8,098,966
84$10,639,835$730,266$0$8,830,732
85$11,638,430$679,381$0$9,652,341
86$12,736,152$623,273$0$10,555,774
87$13,943,025$561,599$0$11,549,062
88$15,270,095$493,999$0$12,641,309
89$16,729,530$420,090$0$13,842,549
90$18,334,736$339,468$0$15,163,836
91$20,100,485$251,709$0$16,617,352
92$22,043,053$156,360$0$18,216,519
93$24,180,370$52,948$0$19,976,128
94$26,532,195$0$0$21,912,477
95$29,120,297$0$0$24,047,421
96$31,968,663$0$0$26,400,949
97$35,103,722$0$0$28,991,409
98$38,554,596$0$0$31,842,870
99$42,353,374$0$0$34,981,850
100$46,535,412$0$0$38,437,574