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%17.9%
1 years$74,321$73,659$73,013$72,383$71,767$69,470
2 years$36,793$36,107$35,443$34,799$34,175$31,882
3 years$24,285$23,597$22,934$22,296$21,682$19,465
4 years$18,032$17,346$16,690$16,063$15,464$13,339
5 years$14,281$13,599$12,952$12,338$11,755$9,730
6 years$11,782$11,105$10,467$9,867$9,302$7,376
7 years$9,997$9,326$8,698$8,112$7,565$5,739
8 years$8,659$7,994$7,377$6,805$6,276$4,549
9 years$7,619$6,960$6,354$5,796$5,285$3,656
10 years$6,787$6,135$5,539$4,997$4,503$2,968
11 years$6,108$5,462$4,877$4,348$3,873$2,429
12 years$5,541$4,902$4,328$3,814$3,356$2,001
13 years$5,063$4,430$3,867$3,367$2,927$1,657
14 years$4,653$4,027$3,474$2,989$2,565$1,377
15 years$4,298$3,679$3,137$2,666$2,259$1,149
16 years$3,987$3,375$2,844$2,387$1,996$961
17 years$3,714$3,108$2,588$2,145$1,770$806
18 years$3,471$2,872$2,362$1,933$1,574$677
19 years$3,254$2,662$2,163$1,746$1,403$569
20 years$3,059$2,474$1,985$1,582$1,253$480
21 years$2,883$2,304$1,826$1,436$1,121$404
22 years$2,722$2,151$1,683$1,305$1,005$341
23 years$2,577$2,012$1,554$1,189$902$288
24 years$2,443$1,885$1,437$1,084$811$244
25 years$2,320$1,769$1,331$990$730$206
26 years$2,207$1,662$1,234$905$657$174
27 years$2,103$1,564$1,146$829$593$148
28 years$2,006$1,474$1,065$759$535$125
29 years$1,916$1,391$991$696$483$106
30 years$1,832$1,313$924$639$436$90
31 years$1,754$1,242$861$587$394$76
32 years$1,680$1,175$803$539$357$64
33 years$1,612$1,113$750$496$323$55
34 years$1,547$1,054$701$456$292$46
35 years$1,487$1,000$655$420$265$39
36 years$1,429$949$613$387$240$33
37 years$1,375$902$574$356$217$28
38 years$1,324$857$537$329$197$24
39 years$1,276$815$503$303$179$20
40 years$1,230$775$472$279$162$17
41 years$1,187$738$442$258$147$15
42 years$1,146$703$415$238$133$12
43 years$1,107$670$389$220$121$10
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$6
47 years$968$554$303$160$82$5
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 $2,769 every year, while hoping to spend $26,511 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: 39/43/18 Blend
53$900,000$900,000$900,000$900,000
54$994,656$946,956$933,006$1,028,003
55$1,067,904$965,150$936,054$1,070,334
56$1,147,734$983,346$938,316$1,113,332
57$1,234,790$1,001,517$939,737$1,159,269
58$1,329,781$1,019,634$940,260$1,208,426
59$1,433,485$1,037,663$939,826$1,261,113
60$1,546,762$1,055,569$938,371$1,317,671
61$1,670,555$1,073,315$935,830$1,378,476
62$1,805,904$1,090,861$932,134$1,443,945
63$1,953,956$1,108,162$927,209$1,514,536
64$2,115,970$1,125,173$920,981$1,590,757
65$2,293,335$1,141,842$913,370$1,673,167
66$2,487,579$1,158,116$904,292$1,762,382
67$2,700,386$1,173,938$893,660$1,859,085
68$2,933,611$1,189,246$881,383$1,964,028
69$3,189,295$1,203,975$867,364$2,078,040
70$3,469,686$1,218,054$851,505$2,202,039
71$3,777,263$1,231,407$833,699$2,337,035
72$4,114,754$1,243,956$813,838$2,484,144
73$4,485,163$1,255,614$791,805$2,644,599
74$4,891,801$1,266,290$767,482$2,819,759
75$5,338,314$1,275,888$740,742$3,011,123
76$5,828,719$1,284,303$711,455$3,220,348
77$6,367,442$1,291,427$679,482$3,449,260
78$6,959,356$1,297,143$644,679$3,699,874
79$7,609,832$1,301,325$606,898$3,974,415
80$8,324,787$1,303,841$565,981$4,275,336
81$9,110,737$1,304,551$521,763$4,605,345
82$9,974,864$1,303,306$474,074$4,967,430
83$10,925,080$1,299,948$422,735$5,364,885
84$11,970,100$1,294,307$367,559$5,801,347
85$13,119,527$1,286,206$308,349$6,280,825
86$14,383,944$1,275,455$244,904$6,807,744
87$15,775,007$1,261,853$177,009$7,386,985
88$17,305,562$1,245,187$104,442$8,023,930
89$18,989,760$1,225,232$26,972$8,724,517
90$20,843,196$1,201,749$0$9,495,296
91$22,883,052$1,174,485$0$10,354,188
92$25,128,259$1,143,170$0$11,304,685
93$27,599,678$1,107,522$0$12,350,438
94$30,320,294$1,067,240$0$13,501,190
95$33,315,435$1,022,006$0$14,767,683
96$36,613,009$971,483$0$16,161,759
97$40,243,765$915,316$0$17,696,473
98$44,241,590$853,127$0$19,386,217
99$48,643,822$784,520$0$21,246,860
100$53,491,603$709,073$0$23,295,893