Can I retire at age 54 with 899,000?

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 $899,000?

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%
1 years$74,239$73,577$72,932$72,302$71,688$70,762
2 years$36,752$36,067$35,404$34,761$34,137$33,206
3 years$24,258$23,570$22,909$22,272$21,658$20,750
4 years$18,012$17,327$16,672$16,045$15,447$14,569
5 years$14,266$13,584$12,938$12,324$11,742$10,898
6 years$11,769$11,093$10,456$9,856$9,291$8,481
7 years$9,986$9,316$8,689$8,103$7,556$6,780
8 years$8,650$7,985$7,369$6,797$6,269$5,527
9 years$7,611$6,953$6,347$5,790$5,279$4,571
10 years$6,780$6,128$5,533$4,991$4,498$3,823
11 years$6,101$5,456$4,871$4,344$3,868$3,226
12 years$5,535$4,897$4,323$3,810$3,352$2,742
13 years$5,057$4,425$3,862$3,364$2,923$2,344
14 years$4,647$4,022$3,470$2,986$2,563$2,014
15 years$4,293$3,675$3,133$2,663$2,256$1,737
16 years$3,983$3,371$2,841$2,384$1,994$1,503
17 years$3,710$3,105$2,585$2,142$1,768$1,304
18 years$3,467$2,869$2,360$1,931$1,572$1,135
19 years$3,250$2,659$2,160$1,744$1,401$989
20 years$3,055$2,471$1,983$1,580$1,252$864
21 years$2,879$2,302$1,824$1,434$1,120$756
22 years$2,719$2,148$1,681$1,304$1,004$662
23 years$2,574$2,009$1,552$1,187$901$581
24 years$2,440$1,883$1,435$1,083$810$510
25 years$2,318$1,767$1,329$989$729$448
26 years$2,205$1,660$1,233$904$657$394
27 years$2,100$1,563$1,145$828$592$346
28 years$2,004$1,473$1,064$758$534$305
29 years$1,914$1,389$990$695$482$269
30 years$1,830$1,312$923$638$436$237
31 years$1,752$1,240$860$586$394$209
32 years$1,679$1,173$802$539$356$184
33 years$1,610$1,111$749$495$323$162
34 years$1,546$1,053$700$456$292$143
35 years$1,485$999$654$420$265$126
36 years$1,428$948$612$386$240$112
37 years$1,374$901$573$356$217$99
38 years$1,323$856$537$328$197$87
39 years$1,275$814$503$303$179$77
40 years$1,229$774$471$279$162$68
41 years$1,186$737$442$258$147$60
42 years$1,145$702$415$238$133$53
43 years$1,105$669$389$219$121$47
44 years$1,068$638$365$203$110$41
45 years$1,033$608$343$187$100$37
46 years$999$580$322$173$91$32
47 years$966$553$302$160$82$29
48 years$936$528$284$148$75$25
49 years$906$505$267$136$68$22
50 years$878$482$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 $899,000, adding $3,136 every year, while hoping to spend $22,124 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: 73/17/10 Blend
53$899,000$899,000$899,000$899,000
54$993,933$946,286$932,351$1,064,410
55$1,071,774$969,114$940,045$1,134,203
56$1,156,814$992,319$947,256$1,207,561
57$1,249,763$1,015,897$953,942$1,287,296
58$1,351,403$1,039,841$960,064$1,374,033
59$1,462,598$1,064,144$965,578$1,468,458
60$1,584,294$1,088,799$970,436$1,571,329
61$1,717,538$1,113,796$974,592$1,683,480
62$1,863,480$1,139,124$977,993$1,805,830
63$2,023,386$1,164,773$980,587$1,939,389
64$2,198,652$1,190,728$982,318$2,085,274
65$2,390,816$1,216,974$983,126$2,244,710
66$2,601,569$1,243,495$982,951$2,419,051
67$2,832,775$1,270,273$981,726$2,609,786
68$3,086,489$1,297,288$979,385$2,818,557
69$3,364,972$1,324,516$975,856$3,047,171
70$3,670,716$1,351,934$971,063$3,297,623
71$4,006,465$1,379,514$964,929$3,572,105
72$4,375,242$1,407,228$957,372$3,873,038
73$4,780,378$1,435,044$948,306$4,203,085
74$5,225,542$1,462,927$937,640$4,565,184
75$5,714,776$1,490,839$925,280$4,962,569
76$6,252,534$1,518,740$911,127$5,398,805
77$6,843,720$1,546,587$895,077$5,877,820
78$7,493,741$1,574,330$877,024$6,403,943
79$8,208,550$1,601,920$856,852$6,981,945
80$8,994,709$1,629,301$834,443$7,617,079
81$9,859,446$1,656,414$809,673$8,315,139
82$10,810,725$1,683,194$782,413$9,082,507
83$11,857,322$1,709,573$752,527$9,926,216
84$13,008,905$1,735,478$719,873$10,854,015
85$14,276,126$1,760,830$684,302$11,874,445
86$15,670,724$1,785,543$645,659$12,996,919
87$17,205,632$1,809,528$603,782$14,231,807
88$18,895,099$1,832,688$558,502$15,590,539
89$20,754,829$1,854,920$509,641$17,085,710
90$22,802,123$1,876,112$457,015$18,731,199
91$25,056,045$1,896,147$400,431$20,542,303
92$27,537,603$1,914,900$339,686$22,535,878
93$30,269,943$1,932,235$274,571$24,730,500
94$33,278,573$1,948,010$204,864$27,146,639
95$36,591,597$1,962,072$130,337$29,806,854
96$40,239,986$1,974,260$50,750$32,736,006
97$44,257,866$1,984,400$0$35,961,492
98$48,682,842$1,992,309$0$39,517,151
99$53,556,352$1,997,792$0$43,438,624
100$58,924,058$2,000,642$0$47,757,186