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%17.8%
1 years$74,156$73,495$72,851$72,222$71,608$69,343
2 years$36,711$36,027$35,365$34,722$34,099$31,838
3 years$24,231$23,544$22,883$22,247$21,634$19,447
4 years$17,992$17,307$16,653$16,028$15,429$13,334
5 years$14,250$13,569$12,924$12,311$11,729$9,731
6 years$11,756$11,080$10,444$9,845$9,281$7,381
7 years$9,975$9,305$8,679$8,094$7,548$5,747
8 years$8,640$7,976$7,361$6,790$6,262$4,558
9 years$7,602$6,945$6,340$5,784$5,273$3,665
10 years$6,772$6,122$5,527$4,985$4,493$2,977
11 years$6,094$5,450$4,866$4,339$3,864$2,439
12 years$5,529$4,891$4,318$3,806$3,349$2,010
13 years$5,051$4,420$3,858$3,360$2,920$1,665
14 years$4,642$4,018$3,467$2,983$2,560$1,385
15 years$4,288$3,670$3,130$2,660$2,254$1,156
16 years$3,978$3,368$2,838$2,382$1,992$968
17 years$3,706$3,101$2,582$2,140$1,766$812
18 years$3,463$2,866$2,357$1,928$1,570$683
19 years$3,247$2,656$2,158$1,743$1,400$575
20 years$3,052$2,468$1,980$1,578$1,250$484
21 years$2,876$2,299$1,822$1,432$1,119$409
22 years$2,716$2,146$1,679$1,302$1,003$345
23 years$2,571$2,007$1,550$1,186$900$292
24 years$2,438$1,881$1,434$1,082$809$247
25 years$2,315$1,765$1,328$988$728$209
26 years$2,202$1,659$1,231$903$656$177
27 years$2,098$1,561$1,144$827$591$150
28 years$2,001$1,471$1,063$758$534$127
29 years$1,912$1,388$989$695$482$108
30 years$1,828$1,310$921$638$435$91
31 years$1,750$1,239$859$586$394$77
32 years$1,677$1,172$802$538$356$66
33 years$1,608$1,110$748$495$322$56
34 years$1,544$1,052$699$455$292$47
35 years$1,483$998$654$419$264$40
36 years$1,426$947$612$386$239$34
37 years$1,372$900$572$356$217$29
38 years$1,322$855$536$328$197$24
39 years$1,273$813$502$302$178$21
40 years$1,228$773$471$279$162$18
41 years$1,184$736$441$257$147$15
42 years$1,143$701$414$237$133$13
43 years$1,104$668$389$219$121$11
44 years$1,067$637$365$202$110$9
45 years$1,031$607$342$187$100$8
46 years$998$579$322$173$90$7
47 years$965$553$302$159$82$6
48 years$935$528$284$147$75$5
49 years$905$504$267$136$68$4
50 years$877$481$251$126$62$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $898,000, adding $4,773 every year, while hoping to spend $48,409 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: 51/42/7 Blend
53$898,000$898,000$898,000$898,000
54$994,519$946,925$933,006$1,043,265
55$1,044,454$941,818$912,755$1,071,843
56$1,097,859$934,838$890,203$1,097,273
57$1,155,037$925,842$865,222$1,123,763
58$1,216,322$914,679$837,678$1,151,425
59$1,282,077$901,189$807,431$1,180,382
60$1,352,702$885,200$774,333$1,210,774
61$1,428,637$866,534$738,232$1,242,757
62$1,510,362$844,999$698,967$1,276,506
63$1,598,408$820,392$656,371$1,312,218
64$1,693,355$792,501$610,269$1,350,112
65$1,795,841$761,098$560,477$1,390,435
66$1,906,569$725,944$506,806$1,433,461
67$2,026,309$686,785$449,053$1,479,497
68$2,155,909$643,353$387,013$1,528,888
69$2,296,299$595,365$320,465$1,582,015
70$2,448,505$542,521$249,184$1,639,307
71$2,613,652$484,504$172,931$1,701,239
72$2,792,979$420,980$91,459$1,768,342
73$2,987,849$351,594$4,509$1,841,208
74$3,199,760$275,972$0$1,920,495
75$3,430,361$193,720$0$2,013,530
76$3,681,467$104,421$0$2,115,321
77$3,955,073$7,635$0$2,226,459
78$4,253,378$0$0$2,347,974
79$4,578,798$0$0$2,525,888
80$4,933,996$0$0$2,724,021
81$5,321,901$0$0$2,940,488
82$5,745,738$0$0$3,177,102
83$6,209,059$0$0$3,435,855
84$6,715,771$0$0$3,718,945
85$7,270,181$0$0$4,028,787
86$7,877,026$0$0$4,368,044
87$8,541,525$0$0$4,739,648
88$9,269,427$0$0$5,146,826
89$10,067,060$0$0$5,593,134
90$10,941,393$0$0$6,082,487
91$11,900,105$0$0$6,619,198
92$12,951,651$0$0$7,208,018
93$14,105,342$0$0$7,854,177
94$15,371,438$0$0$8,563,438
95$16,761,237$0$0$9,342,151
96$18,287,185$0$0$10,197,308
97$19,962,994$0$0$11,136,612
98$21,803,767$0$0$12,168,549
99$23,826,142$0$0$13,302,467
100$26,048,448$0$0$14,548,667