Can I retire at age 54 with 901,000?

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 $901,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.9%
1 years$74,404$73,741$73,094$72,463$71,847$70,979
2 years$36,834$36,148$35,483$34,838$34,213$33,339
3 years$24,312$23,623$22,960$22,321$21,706$20,854
4 years$18,052$17,365$16,709$16,081$15,481$14,657
5 years$14,297$13,615$12,967$12,352$11,768$10,975
6 years$11,795$11,117$10,479$9,878$9,312$8,550
7 years$10,008$9,336$8,708$8,121$7,573$6,843
8 years$8,669$8,003$7,385$6,813$6,283$5,584
9 years$7,628$6,968$6,361$5,803$5,291$4,624
10 years$6,795$6,142$5,546$5,002$4,508$3,872
11 years$6,114$5,468$4,882$4,353$3,877$3,272
12 years$5,548$4,908$4,333$3,818$3,360$2,784
13 years$5,068$4,435$3,871$3,371$2,930$2,383
14 years$4,658$4,031$3,478$2,993$2,568$2,050
15 years$4,302$3,683$3,140$2,669$2,261$1,770
16 years$3,992$3,379$2,847$2,390$1,999$1,534
17 years$3,718$3,112$2,591$2,147$1,772$1,333
18 years$3,475$2,875$2,365$1,935$1,576$1,162
19 years$3,258$2,665$2,165$1,748$1,404$1,014
20 years$3,062$2,476$1,987$1,583$1,254$887
21 years$2,886$2,307$1,828$1,437$1,123$777
22 years$2,726$2,153$1,685$1,307$1,006$682
23 years$2,579$2,014$1,555$1,190$903$599
24 years$2,446$1,887$1,438$1,085$812$526
25 years$2,323$1,771$1,332$991$731$463
26 years$2,210$1,664$1,236$906$658$408
27 years$2,105$1,566$1,147$830$593$360
28 years$2,008$1,476$1,067$760$535$317
29 years$1,918$1,392$993$697$483$280
30 years$1,834$1,315$925$640$437$247
31 years$1,756$1,243$862$587$395$218
32 years$1,682$1,176$804$540$357$193
33 years$1,614$1,114$751$496$323$170
34 years$1,549$1,056$702$457$293$150
35 years$1,488$1,001$656$421$265$133
36 years$1,431$950$614$387$240$118
37 years$1,377$903$574$357$218$104
38 years$1,326$858$538$329$197$92
39 years$1,278$816$504$303$179$81
40 years$1,232$776$472$280$162$72
41 years$1,188$739$443$258$147$64
42 years$1,147$704$415$238$134$56
43 years$1,108$670$390$220$121$50
44 years$1,071$639$366$203$110$44
45 years$1,035$609$344$187$100$39
46 years$1,001$581$323$173$91$35
47 years$969$555$303$160$82$31
48 years$938$530$285$148$75$27
49 years$908$506$268$137$68$24
50 years$880$483$252$126$62$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $901,000, adding $2,730 every year, while hoping to spend $59,249 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: 61/10/29 Blend
53$901,000$901,000$901,000$901,000
54$995,718$947,965$933,999$1,048,500
55$1,034,241$931,375$902,248$1,068,200
56$1,074,707$911,986$867,447$1,083,090
57$1,117,253$889,599$829,432$1,098,105
58$1,162,025$864,002$788,030$1,113,271
59$1,209,185$834,971$743,063$1,128,617
60$1,258,907$802,269$694,340$1,144,181
61$1,311,381$765,647$641,667$1,160,005
62$1,366,817$724,838$584,837$1,176,140
63$1,425,439$679,562$523,636$1,192,644
64$1,487,496$629,523$457,840$1,209,586
65$1,553,257$574,406$387,215$1,227,045
66$1,623,019$513,881$311,516$1,245,111
67$1,697,103$447,597$230,487$1,263,887
68$1,775,862$375,185$143,864$1,283,494
69$1,859,683$296,252$51,366$1,304,065
70$1,948,988$210,386$0$1,325,756
71$2,044,240$117,150$0$1,363,390
72$2,145,946$16,084$0$1,420,430
73$2,254,662$0$0$1,481,287
74$2,370,997$0$0$1,556,582
75$2,495,618$0$0$1,639,182
76$2,629,258$0$0$1,727,807
77$2,772,720$0$0$1,822,997
78$2,926,887$0$0$1,925,343
79$3,092,727$0$0$2,035,495
80$3,271,301$0$0$2,154,167
81$3,463,779$0$0$2,282,141
82$3,671,442$0$0$2,420,278
83$3,895,699$0$0$2,569,524
84$4,138,097$0$0$2,730,918
85$4,400,339$0$0$2,905,602
86$4,684,294$0$0$3,094,832
87$4,992,020$0$0$3,299,989
88$5,325,775$0$0$3,522,590
89$5,688,048$0$0$3,764,306
90$6,081,573$0$0$4,026,973
91$6,509,358$0$0$4,312,611
92$6,974,711$0$0$4,623,443
93$7,481,275$0$0$4,961,915
94$8,033,055$0$0$5,330,717
95$8,634,461$0$0$5,732,812
96$9,290,344$0$0$6,171,460
97$10,006,045$0$0$6,650,247
98$10,787,442$0$0$7,173,123
99$11,641,006$0$0$7,744,436
100$12,573,861$0$0$8,368,972