Can I retire at age 54 with 898,000?

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 $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%13.9%
1 years$74,156$73,495$72,851$72,222$71,608$70,450
2 years$36,711$36,027$35,365$34,722$34,099$32,936
3 years$24,231$23,544$22,883$22,247$21,634$20,502
4 years$17,992$17,307$16,653$16,028$15,429$14,337
5 years$14,250$13,569$12,924$12,311$11,729$10,679
6 years$11,756$11,080$10,444$9,845$9,281$8,275
7 years$9,975$9,305$8,679$8,094$7,548$6,586
8 years$8,640$7,976$7,361$6,790$6,262$5,343
9 years$7,602$6,945$6,340$5,784$5,273$4,398
10 years$6,772$6,122$5,527$4,985$4,493$3,661
11 years$6,094$5,450$4,866$4,339$3,864$3,074
12 years$5,529$4,891$4,318$3,806$3,349$2,599
13 years$5,051$4,420$3,858$3,360$2,920$2,210
14 years$4,642$4,018$3,467$2,983$2,560$1,889
15 years$4,288$3,670$3,130$2,660$2,254$1,620
16 years$3,978$3,368$2,838$2,382$1,992$1,394
17 years$3,706$3,101$2,582$2,140$1,766$1,203
18 years$3,463$2,866$2,357$1,928$1,570$1,041
19 years$3,247$2,656$2,158$1,743$1,400$902
20 years$3,052$2,468$1,980$1,578$1,250$783
21 years$2,876$2,299$1,822$1,432$1,119$681
22 years$2,716$2,146$1,679$1,302$1,003$593
23 years$2,571$2,007$1,550$1,186$900$517
24 years$2,438$1,881$1,434$1,082$809$451
25 years$2,315$1,765$1,328$988$728$393
26 years$2,202$1,659$1,231$903$656$344
27 years$2,098$1,561$1,144$827$591$301
28 years$2,001$1,471$1,063$758$534$263
29 years$1,912$1,388$989$695$482$230
30 years$1,828$1,310$921$638$435$201
31 years$1,750$1,239$859$586$394$176
32 years$1,677$1,172$802$538$356$155
33 years$1,608$1,110$748$495$322$135
34 years$1,544$1,052$699$455$292$119
35 years$1,483$998$654$419$264$104
36 years$1,426$947$612$386$239$91
37 years$1,372$900$572$356$217$80
38 years$1,322$855$536$328$197$70
39 years$1,273$813$502$302$178$62
40 years$1,228$773$471$279$162$54
41 years$1,184$736$441$257$147$47
42 years$1,143$701$414$237$133$42
43 years$1,104$668$389$219$121$36
44 years$1,067$637$365$202$110$32
45 years$1,031$607$342$187$100$28
46 years$998$579$322$173$90$25
47 years$965$553$302$159$82$22
48 years$935$528$284$147$75$19
49 years$905$504$267$136$68$17
50 years$877$481$251$126$62$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $898,000, adding $2,788 every year, while hoping to spend $41,615 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: 50/41/9 Blend
53$898,000$898,000$898,000$898,000
54$992,472$944,878$930,959$1,039,614
55$1,049,426$946,899$917,868$1,074,142
56$1,110,795$947,624$902,944$1,106,983
57$1,176,984$946,946$886,081$1,141,700
58$1,248,441$944,751$867,169$1,178,480
59$1,325,656$940,918$846,093$1,217,529
60$1,409,167$935,317$822,732$1,259,080
61$1,499,568$927,814$796,959$1,303,387
62$1,597,510$918,263$768,644$1,350,736
63$1,703,710$906,511$737,646$1,401,443
64$1,818,954$892,395$703,823$1,455,858
65$1,944,109$875,744$667,023$1,514,370
66$2,080,127$856,376$627,088$1,577,413
67$2,228,058$834,096$583,853$1,645,464
68$2,389,055$808,701$537,147$1,719,057
69$2,564,385$779,975$486,788$1,798,779
70$2,755,447$747,687$432,589$1,885,286
71$2,963,775$711,597$374,354$1,979,301
72$3,191,062$671,447$311,877$2,081,626
73$3,439,169$626,967$244,944$2,193,152
74$3,710,146$577,870$173,331$2,314,864
75$4,006,248$523,853$96,805$2,447,852
76$4,329,959$464,595$15,121$2,593,325
77$4,684,014$399,759$0$2,752,621
78$5,071,422$328,986$0$2,934,138
79$5,495,500$251,899$0$3,134,597
80$5,959,898$168,099$0$3,354,383
81$6,468,635$77,164$0$3,595,530
82$7,026,140$0$0$3,860,286
83$7,637,288$0$0$4,160,768
84$8,307,450$0$0$4,528,535
85$9,042,539$0$0$4,932,030
86$9,849,072$0$0$5,374,841
87$10,734,222$0$0$5,860,921
88$11,705,895$0$0$6,394,623
89$12,772,797$0$0$6,980,744
90$13,944,520$0$0$7,624,565
91$15,231,629$0$0$8,331,908
92$16,645,762$0$0$9,109,183
93$18,199,744$0$0$9,963,454
94$19,907,699$0$0$10,902,502
95$21,785,191$0$0$11,934,901
96$23,849,364$0$0$13,070,095
97$26,119,108$0$0$14,318,491
98$28,615,236$0$0$15,691,553
99$31,360,675$0$0$17,201,914
100$34,380,691$0$0$18,863,491