Can I retire at age 54 with 900,000?

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 $900,000?

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$74,321$73,659$73,013$72,383$71,767$69,498
2 years$36,793$36,107$35,443$34,799$34,175$31,909
3 years$24,285$23,597$22,934$22,296$21,682$19,491
4 years$18,032$17,346$16,690$16,063$15,464$13,364
5 years$14,281$13,599$12,952$12,338$11,755$9,753
6 years$11,782$11,105$10,467$9,867$9,302$7,398
7 years$9,997$9,326$8,698$8,112$7,565$5,759
8 years$8,659$7,994$7,377$6,805$6,276$4,568
9 years$7,619$6,960$6,354$5,796$5,285$3,673
10 years$6,787$6,135$5,539$4,997$4,503$2,984
11 years$6,108$5,462$4,877$4,348$3,873$2,444
12 years$5,541$4,902$4,328$3,814$3,356$2,015
13 years$5,063$4,430$3,867$3,367$2,927$1,669
14 years$4,653$4,027$3,474$2,989$2,565$1,389
15 years$4,298$3,679$3,137$2,666$2,259$1,159
16 years$3,987$3,375$2,844$2,387$1,996$970
17 years$3,714$3,108$2,588$2,145$1,770$814
18 years$3,471$2,872$2,362$1,933$1,574$684
19 years$3,254$2,662$2,163$1,746$1,403$576
20 years$3,059$2,474$1,985$1,582$1,253$486
21 years$2,883$2,304$1,826$1,436$1,121$410
22 years$2,722$2,151$1,683$1,305$1,005$346
23 years$2,577$2,012$1,554$1,189$902$293
24 years$2,443$1,885$1,437$1,084$811$247
25 years$2,320$1,769$1,331$990$730$209
26 years$2,207$1,662$1,234$905$657$177
27 years$2,103$1,564$1,146$829$593$150
28 years$2,006$1,474$1,065$759$535$127
29 years$1,916$1,391$991$696$483$108
30 years$1,832$1,313$924$639$436$91
31 years$1,754$1,242$861$587$394$78
32 years$1,680$1,175$803$539$357$66
33 years$1,612$1,113$750$496$323$56
34 years$1,547$1,054$701$456$292$47
35 years$1,487$1,000$655$420$265$40
36 years$1,429$949$613$387$240$34
37 years$1,375$902$574$356$217$29
38 years$1,324$857$537$329$197$25
39 years$1,276$815$503$303$179$21
40 years$1,230$775$472$279$162$18
41 years$1,187$738$442$258$147$15
42 years$1,146$703$415$238$133$13
43 years$1,107$670$389$220$121$11
44 years$1,069$638$366$203$110$9
45 years$1,034$609$343$187$100$8
46 years$1,000$581$322$173$91$7
47 years$968$554$303$160$82$6
48 years$937$529$285$148$75$5
49 years$907$505$267$136$68$4
50 years$879$482$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 $900,000, adding $6,788 every year, while hoping to spend $39,297 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: 87/5/8 Blend
53$900,000$900,000$900,000$900,000
54$998,802$951,102$937,152$1,084,303
55$1,058,868$955,894$926,735$1,145,863
56$1,123,744$959,604$914,652$1,207,381
57$1,193,878$962,137$900,805$1,273,737
58$1,269,765$963,393$885,093$1,345,392
59$1,351,947$963,266$867,410$1,422,850
60$1,441,020$961,640$847,643$1,506,668
61$1,537,641$958,398$825,676$1,597,461
62$1,642,531$953,409$801,386$1,695,902
63$1,756,483$946,540$774,647$1,802,735
64$1,880,370$937,647$745,323$1,918,778
65$2,015,153$926,576$713,276$2,044,932
66$2,161,887$913,168$678,360$2,182,191
67$2,321,736$897,249$640,421$2,331,647
68$2,495,979$878,640$599,301$2,494,504
69$2,686,023$857,147$554,832$2,672,088
70$2,893,419$832,569$506,840$2,865,860
71$3,119,871$804,689$455,143$3,077,429
72$3,367,259$773,279$399,551$3,308,569
73$3,637,648$738,099$339,865$3,561,231
74$3,933,316$698,893$275,878$3,837,569
75$4,256,767$655,392$207,373$4,139,952
76$4,610,762$607,310$134,124$4,470,992
77$4,998,337$554,347$55,895$4,833,568
78$5,422,840$496,182$0$5,230,849
79$5,887,954$432,479$0$5,668,685
80$6,397,737$362,883$0$6,153,816
81$6,956,659$287,016$0$6,685,729
82$7,569,640$204,482$0$7,269,123
83$8,242,103$114,861$0$7,909,173
84$8,980,018$17,710$0$8,611,581
85$9,789,963$0$0$9,382,629
86$10,679,183$0$0$10,234,048
87$11,655,658$0$0$11,170,092
88$12,728,181$0$0$12,198,216
89$13,906,436$0$0$13,327,705
90$15,201,093$0$0$14,568,787
91$16,623,904$0$0$15,932,733
92$18,187,820$0$0$17,431,956
93$19,907,106$0$0$19,080,133
94$21,797,479$0$0$20,892,333
95$23,876,256$0$0$22,885,157
96$26,162,514$0$0$25,076,896
97$28,677,273$0$0$27,487,702
98$31,443,692$0$0$30,139,779
99$34,487,288$0$0$33,057,590
100$37,836,175$0$0$36,268,090