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%15.6%
1 years$74,404$73,741$73,094$72,463$71,847$70,196
2 years$36,834$36,148$35,483$34,838$34,213$32,558
3 years$24,312$23,623$22,960$22,321$21,706$20,100
4 years$18,052$17,365$16,709$16,081$15,481$13,936
5 years$14,297$13,615$12,967$12,352$11,768$10,288
6 years$11,795$11,117$10,479$9,878$9,312$7,898
7 years$10,008$9,336$8,708$8,121$7,573$6,226
8 years$8,669$8,003$7,385$6,813$6,283$5,002
9 years$7,628$6,968$6,361$5,803$5,291$4,076
10 years$6,795$6,142$5,546$5,002$4,508$3,357
11 years$6,114$5,468$4,882$4,353$3,877$2,789
12 years$5,548$4,908$4,333$3,818$3,360$2,332
13 years$5,068$4,435$3,871$3,371$2,930$1,961
14 years$4,658$4,031$3,478$2,993$2,568$1,657
15 years$4,302$3,683$3,140$2,669$2,261$1,404
16 years$3,992$3,379$2,847$2,390$1,999$1,194
17 years$3,718$3,112$2,591$2,147$1,772$1,018
18 years$3,475$2,875$2,365$1,935$1,576$870
19 years$3,258$2,665$2,165$1,748$1,404$744
20 years$3,062$2,476$1,987$1,583$1,254$638
21 years$2,886$2,307$1,828$1,437$1,123$548
22 years$2,726$2,153$1,685$1,307$1,006$471
23 years$2,579$2,014$1,555$1,190$903$405
24 years$2,446$1,887$1,438$1,085$812$348
25 years$2,323$1,771$1,332$991$731$300
26 years$2,210$1,664$1,236$906$658$259
27 years$2,105$1,566$1,147$830$593$223
28 years$2,008$1,476$1,067$760$535$192
29 years$1,918$1,392$993$697$483$166
30 years$1,834$1,315$925$640$437$143
31 years$1,756$1,243$862$587$395$124
32 years$1,682$1,176$804$540$357$107
33 years$1,614$1,114$751$496$323$92
34 years$1,549$1,056$702$457$293$80
35 years$1,488$1,001$656$421$265$69
36 years$1,431$950$614$387$240$60
37 years$1,377$903$574$357$218$52
38 years$1,326$858$538$329$197$45
39 years$1,278$816$504$303$179$39
40 years$1,232$776$472$280$162$33
41 years$1,188$739$443$258$147$29
42 years$1,147$704$415$238$134$25
43 years$1,108$670$390$220$121$22
44 years$1,071$639$366$203$110$19
45 years$1,035$609$344$187$100$16
46 years$1,001$581$323$173$91$14
47 years$969$555$303$160$82$12
48 years$938$530$285$148$75$10
49 years$908$506$268$137$68$9
50 years$880$483$252$126$62$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $901,000, adding $5,117 every year, while hoping to spend $59,064 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: 66/18/16 Blend
53$901,000$901,000$901,000$901,000
54$998,180$950,427$936,462$1,059,879
55$1,037,151$934,154$904,990$1,085,498
56$1,078,117$915,105$870,483$1,106,152
57$1,121,220$893,080$832,780$1,127,275
58$1,166,613$867,869$791,706$1,148,910
59$1,214,463$839,251$747,084$1,171,107
60$1,264,954$806,989$698,727$1,193,924
61$1,318,282$770,835$646,437$1,217,426
62$1,374,666$730,525$590,012$1,241,688
63$1,434,341$685,780$529,237$1,266,793
64$1,497,566$636,305$463,888$1,292,837
65$1,564,624$581,790$393,734$1,319,928
66$1,635,821$521,903$318,530$1,348,187
67$1,711,496$456,298$238,022$1,377,754
68$1,792,019$384,606$151,946$1,408,783
69$1,877,791$306,439$60,023$1,441,449
70$1,969,257$221,385$0$1,475,948
71$2,066,900$129,012$0$1,519,002
72$2,171,251$28,861$0$1,575,715
73$2,282,892$0$0$1,636,162
74$2,402,461$0$0$1,716,467
75$2,530,657$0$0$1,808,734
76$2,668,249$0$0$1,907,803
77$2,816,078$0$0$2,014,287
78$2,975,069$0$0$2,128,856
79$3,146,237$0$0$2,252,249
80$3,330,697$0$0$2,385,274
81$3,529,674$0$0$2,528,822
82$3,744,513$0$0$2,683,869
83$3,976,692$0$0$2,851,491
84$4,227,836$0$0$3,032,866
85$4,499,730$0$0$3,229,294
86$4,794,338$0$0$3,442,199
87$5,113,819$0$0$3,673,152
88$5,460,546$0$0$3,923,878
89$5,837,131$0$0$4,196,273
90$6,246,445$0$0$4,492,426
91$6,691,647$0$0$4,814,632
92$7,176,214$0$0$5,165,419
93$7,703,971$0$0$5,547,566
94$8,279,126$0$0$5,964,134
95$8,906,312$0$0$6,418,489
96$9,590,626$0$0$6,914,338
97$10,337,679$0$0$7,455,760
98$11,153,650$0$0$8,047,246
99$12,045,338$0$0$8,693,740
100$13,020,230$0$0$9,400,686