Can I retire at age 54 with 902,000?

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 $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%16.8%
1 years$74,486$73,823$73,176$72,544$71,927$69,933
2 years$36,874$36,188$35,522$34,877$34,251$32,257
3 years$24,339$23,649$22,985$22,346$21,730$19,799
4 years$18,072$17,385$16,727$16,099$15,498$13,644
5 years$14,313$13,630$12,981$12,366$11,781$10,009
6 years$11,808$11,130$10,491$9,889$9,322$7,634
7 years$10,019$9,347$8,718$8,130$7,581$5,977
8 years$8,678$8,012$7,393$6,820$6,290$4,769
9 years$7,636$6,976$6,368$5,809$5,297$3,858
10 years$6,803$6,149$5,552$5,008$4,513$3,154
11 years$6,121$5,474$4,888$4,358$3,881$2,600
12 years$5,554$4,913$4,338$3,823$3,364$2,157
13 years$5,074$4,440$3,875$3,375$2,933$1,799
14 years$4,663$4,036$3,482$2,996$2,571$1,507
15 years$4,307$3,687$3,144$2,672$2,264$1,267
16 years$3,996$3,383$2,850$2,392$2,001$1,068
17 years$3,722$3,115$2,594$2,149$1,774$903
18 years$3,479$2,879$2,368$1,937$1,577$765
19 years$3,261$2,668$2,168$1,750$1,406$648
20 years$3,066$2,479$1,989$1,585$1,256$551
21 years$2,889$2,309$1,830$1,439$1,124$468
22 years$2,729$2,156$1,686$1,308$1,007$399
23 years$2,582$2,016$1,557$1,191$904$340
24 years$2,448$1,889$1,440$1,087$813$290
25 years$2,325$1,773$1,334$992$731$247
26 years$2,212$1,666$1,237$907$659$211
27 years$2,107$1,568$1,149$830$594$180
28 years$2,010$1,477$1,068$761$536$154
29 years$1,920$1,394$994$698$484$132
30 years$1,836$1,316$926$640$437$112
31 years$1,758$1,244$863$588$395$96
32 years$1,684$1,177$805$541$358$82
33 years$1,615$1,115$752$497$324$70
34 years$1,551$1,057$702$457$293$60
35 years$1,490$1,002$657$421$265$51
36 years$1,433$951$614$388$240$44
37 years$1,379$904$575$357$218$38
38 years$1,327$859$538$329$198$32
39 years$1,279$817$504$304$179$28
40 years$1,233$777$473$280$163$24
41 years$1,190$740$443$258$147$20
42 years$1,148$704$416$238$134$17
43 years$1,109$671$390$220$121$15
44 years$1,072$640$366$203$110$13
45 years$1,036$610$344$188$100$11
46 years$1,002$582$323$173$91$9
47 years$970$555$304$160$82$8
48 years$939$530$285$148$75$7
49 years$909$506$268$137$68$6
50 years$881$484$252$126$62$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $902,000, adding $2,198 every year, while hoping to spend $26,470 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: 67/23/10 Blend
53$902,000$902,000$902,000$902,000
54$996,271$948,465$934,484$1,060,814
55$1,069,727$966,776$937,626$1,122,316
56$1,149,788$985,097$939,985$1,186,166
57$1,237,100$1,003,401$941,508$1,255,282
58$1,332,375$1,021,657$942,139$1,330,175
59$1,436,393$1,039,835$941,817$1,411,409
60$1,550,017$1,057,899$940,479$1,499,606
61$1,674,195$1,075,812$938,061$1,595,449
62$1,809,970$1,093,534$934,494$1,699,693
63$1,958,492$1,111,022$929,704$1,813,169
64$2,121,026$1,128,230$923,618$1,936,791
65$2,298,966$1,145,109$916,154$2,071,570
66$2,493,846$1,161,604$907,231$2,218,615
67$2,707,356$1,177,661$896,761$2,379,154
68$2,941,357$1,193,217$884,653$2,554,534
69$3,197,898$1,208,207$870,811$2,746,245
70$3,479,237$1,222,562$855,137$2,955,926
71$3,787,860$1,236,209$837,524$3,185,384
72$4,126,505$1,249,066$817,865$3,436,611
73$4,498,189$1,261,051$796,044$3,711,801
74$4,906,234$1,272,072$771,941$4,013,374
75$5,354,300$1,282,034$745,432$4,343,996
76$5,846,420$1,290,835$716,385$4,706,605
77$6,387,034$1,298,365$684,663$5,104,442
78$6,981,036$1,304,510$650,124$5,541,076
79$7,633,815$1,309,144$612,617$6,020,441
80$8,351,311$1,312,139$571,985$6,546,875
81$9,140,064$1,313,353$528,067$7,125,157
82$10,007,284$1,312,640$480,690$7,760,556
83$10,960,910$1,309,843$429,676$8,458,879
84$12,009,692$1,304,794$374,840$9,226,527
85$13,163,269$1,297,318$315,985$10,070,553
86$14,432,261$1,287,225$252,909$10,998,734
87$15,828,370$1,274,318$185,400$12,019,638
88$17,364,489$1,258,384$113,236$13,142,712
89$19,054,823$1,239,201$36,186$14,378,367
90$20,915,025$1,216,532$0$15,738,077
91$22,962,341$1,190,125$0$17,239,402
92$25,215,773$1,159,714$0$18,895,809
93$27,696,260$1,125,019$0$20,718,824
94$30,426,874$1,085,740$0$22,725,410
95$33,433,037$1,041,563$0$24,934,261
96$36,742,761$992,155$0$27,365,979
97$40,386,913$937,160$0$30,043,270
98$44,399,505$876,208$0$32,991,154
99$48,818,015$808,902$0$36,237,209
100$53,683,740$734,826$0$39,811,825