Can I retire at age 54 with 902,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $902,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$74,486$73,823$73,176$72,544$71,927$71,533
2 years$36,874$36,188$35,522$34,877$34,251$33,854
3 years$24,339$23,649$22,985$22,346$21,730$21,342
4 years$18,072$17,385$16,727$16,099$15,498$15,122
5 years$14,313$13,630$12,981$12,366$11,781$11,418
6 years$11,808$11,130$10,491$9,889$9,322$8,972
7 years$10,019$9,347$8,718$8,130$7,581$7,245
8 years$8,678$8,012$7,393$6,820$6,290$5,966
9 years$7,636$6,976$6,368$5,809$5,297$4,987
10 years$6,803$6,149$5,552$5,008$4,513$4,216
11 years$6,121$5,474$4,888$4,358$3,881$3,598
12 years$5,554$4,913$4,338$3,823$3,364$3,093
13 years$5,074$4,440$3,875$3,375$2,933$2,675
14 years$4,663$4,036$3,482$2,996$2,571$2,325
15 years$4,307$3,687$3,144$2,672$2,264$2,030
16 years$3,996$3,383$2,850$2,392$2,001$1,778
17 years$3,722$3,115$2,594$2,149$1,774$1,563
18 years$3,479$2,879$2,368$1,937$1,577$1,377
19 years$3,261$2,668$2,168$1,750$1,406$1,216
20 years$3,066$2,479$1,989$1,585$1,256$1,076
21 years$2,889$2,309$1,830$1,439$1,124$954
22 years$2,729$2,156$1,686$1,308$1,007$847
23 years$2,582$2,016$1,557$1,191$904$753
24 years$2,448$1,889$1,440$1,087$813$670
25 years$2,325$1,773$1,334$992$731$597
26 years$2,212$1,666$1,237$907$659$533
27 years$2,107$1,568$1,149$830$594$475
28 years$2,010$1,477$1,068$761$536$425
29 years$1,920$1,394$994$698$484$379
30 years$1,836$1,316$926$640$437$339
31 years$1,758$1,244$863$588$395$304
32 years$1,684$1,177$805$541$358$272
33 years$1,615$1,115$752$497$324$243
34 years$1,551$1,057$702$457$293$218
35 years$1,490$1,002$657$421$265$195
36 years$1,433$951$614$388$240$175
37 years$1,379$904$575$357$218$157
38 years$1,327$859$538$329$198$141
39 years$1,279$817$504$304$179$126
40 years$1,233$777$473$280$163$113
41 years$1,190$740$443$258$147$102
42 years$1,148$704$416$238$134$91
43 years$1,109$671$390$220$121$82
44 years$1,072$640$366$203$110$73
45 years$1,036$610$344$188$100$66
46 years$1,002$582$323$173$91$59
47 years$970$555$304$160$82$53
48 years$939$530$285$148$75$48
49 years$909$506$268$137$68$43
50 years$881$484$252$126$62$38

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $902,000, adding $5,578 every year, while hoping to spend $22,343 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: 33/37/30 Blend
53$902,000$902,000$902,000$902,000
54$999,758$951,952$937,971$1,023,515
55$1,077,960$974,825$945,620$1,065,029
56$1,163,391$998,069$952,777$1,107,384
57$1,256,762$1,021,681$959,401$1,152,605
58$1,358,861$1,045,652$965,450$1,200,964
59$1,470,552$1,069,977$970,880$1,252,757
60$1,592,788$1,094,645$975,644$1,308,313
61$1,726,618$1,119,648$979,693$1,367,995
62$1,873,196$1,144,974$982,976$1,432,203
63$2,033,795$1,170,610$985,438$1,501,378
64$2,209,815$1,196,543$987,023$1,576,005
65$2,402,799$1,222,756$987,671$1,656,623
66$2,614,446$1,249,233$987,320$1,743,821
67$2,846,628$1,275,954$985,904$1,838,254
68$3,101,407$1,302,898$983,354$1,940,641
69$3,381,052$1,330,042$979,598$2,051,776
70$3,688,064$1,357,359$974,560$2,172,537
71$4,025,200$1,384,823$968,161$2,303,888
72$4,395,493$1,412,402$960,317$2,446,898
73$4,802,288$1,440,064$950,942$2,602,741
74$5,249,267$1,467,773$939,944$2,772,715
75$5,740,488$1,495,490$927,228$2,958,251
76$6,280,421$1,523,172$912,693$3,160,927
77$6,873,991$1,550,774$896,236$3,382,484
78$7,526,623$1,578,248$877,745$3,624,842
79$8,244,296$1,605,539$857,106$3,890,119
80$9,033,595$1,632,591$834,200$4,180,651
81$9,901,776$1,659,343$808,901$4,499,013
82$10,856,835$1,685,728$781,077$4,848,048
83$11,907,580$1,711,677$750,590$5,230,888
84$13,063,716$1,737,112$717,298$5,650,988
85$14,335,938$1,761,953$681,050$6,112,161
86$15,736,027$1,786,112$641,689$6,618,608
87$17,276,966$1,809,496$599,050$7,174,963
88$18,973,062$1,832,006$552,963$7,786,337
89$20,840,075$1,853,535$503,248$8,458,366
90$22,895,374$1,873,970$449,718$9,197,264
91$25,158,096$1,893,188$392,178$10,009,881
92$27,649,329$1,911,062$330,423$10,903,774
93$30,392,308$1,927,451$264,240$11,887,273
94$33,412,638$1,942,211$193,406$12,969,564
95$36,738,531$1,955,184$117,690$14,160,772
96$40,401,076$1,966,203$36,847$15,472,065
97$44,434,530$1,975,091$0$16,915,753
98$48,876,642$1,981,660$0$18,521,230
99$53,769,008$1,985,709$0$20,301,254
100$59,157,463$1,987,026$0$22,260,603