Can I retire at age 54 with 903,000?

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 $903,000?

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$74,569$73,905$73,257$72,624$72,006$71,613
2 years$36,915$36,228$35,561$34,915$34,289$33,891
3 years$24,366$23,675$23,011$22,371$21,754$21,366
4 years$18,092$17,404$16,746$16,117$15,515$15,138
5 years$14,329$13,645$12,995$12,379$11,794$11,430
6 years$11,821$11,142$10,502$9,900$9,333$8,982
7 years$10,030$9,357$8,727$8,139$7,590$7,253
8 years$8,688$8,021$7,402$6,828$6,297$5,973
9 years$7,644$6,983$6,375$5,816$5,303$4,992
10 years$6,810$6,156$5,558$5,013$4,518$4,221
11 years$6,128$5,480$4,893$4,363$3,886$3,602
12 years$5,560$4,919$4,342$3,827$3,367$3,096
13 years$5,080$4,445$3,880$3,379$2,936$2,678
14 years$4,668$4,040$3,486$2,999$2,574$2,328
15 years$4,312$3,691$3,147$2,675$2,266$2,032
16 years$4,001$3,386$2,854$2,395$2,003$1,780
17 years$3,726$3,119$2,597$2,152$1,776$1,565
18 years$3,483$2,882$2,370$1,939$1,579$1,379
19 years$3,265$2,671$2,170$1,752$1,408$1,218
20 years$3,069$2,482$1,991$1,587$1,257$1,078
21 years$2,892$2,312$1,832$1,440$1,125$955
22 years$2,732$2,158$1,688$1,310$1,008$848
23 years$2,585$2,018$1,559$1,193$905$754
24 years$2,451$1,891$1,442$1,088$814$671
25 years$2,328$1,775$1,335$993$732$598
26 years$2,215$1,668$1,238$908$660$533
27 years$2,110$1,570$1,150$831$595$476
28 years$2,013$1,479$1,069$762$537$425
29 years$1,922$1,395$995$699$484$380
30 years$1,838$1,318$927$641$438$340
31 years$1,760$1,246$864$589$396$304
32 years$1,686$1,179$806$541$358$272
33 years$1,617$1,116$753$498$324$244
34 years$1,552$1,058$703$458$293$218
35 years$1,492$1,003$657$421$266$195
36 years$1,434$952$615$388$241$175
37 years$1,380$905$576$358$218$157
38 years$1,329$860$539$330$198$141
39 years$1,280$817$505$304$179$126
40 years$1,235$778$473$280$163$113
41 years$1,191$740$444$259$148$102
42 years$1,150$705$416$239$134$91
43 years$1,110$672$391$220$122$82
44 years$1,073$640$367$203$110$73
45 years$1,037$611$344$188$100$66
46 years$1,003$583$323$174$91$59
47 years$971$556$304$160$83$53
48 years$940$531$286$148$75$48
49 years$910$507$268$137$68$43
50 years$882$484$252$127$62$38

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $903,000, adding $5,466 every year, while hoping to spend $35,442 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: 64/18/18 Blend
53$903,000$903,000$903,000$903,000
54$1,000,744$952,885$938,889$1,059,938
55$1,065,110$961,867$932,631$1,109,340
56$1,134,853$970,100$924,977$1,158,754
57$1,210,485$977,512$915,840$1,211,894
58$1,292,568$984,023$905,134$1,269,124
59$1,381,719$989,549$892,765$1,330,847
60$1,478,619$994,002$878,637$1,397,509
61$1,584,015$997,285$862,649$1,469,600
62$1,698,731$999,299$844,694$1,547,662
63$1,823,673$999,935$824,662$1,632,292
64$1,959,836$999,080$802,437$1,724,151
65$2,108,317$996,613$777,896$1,823,967
66$2,270,323$992,405$750,914$1,932,542
67$2,447,184$986,321$721,357$2,050,765
68$2,640,360$978,214$689,087$2,179,613
69$2,851,463$967,933$653,957$2,320,166
70$3,082,265$955,314$615,817$2,473,615
71$3,334,717$940,186$574,508$2,641,274
72$3,610,968$922,365$529,864$2,824,595
73$3,913,384$901,658$481,712$3,025,176
74$4,244,571$877,860$429,871$3,244,785
75$4,607,397$850,756$374,151$3,485,367
76$5,005,023$820,114$314,357$3,749,072
77$5,440,929$785,693$250,281$4,038,270
78$5,918,946$747,234$181,708$4,355,577
79$6,443,297$704,467$108,414$4,703,875
80$7,018,632$657,105$30,164$5,086,348
81$7,650,071$604,842$0$5,506,503
82$8,343,257$547,357$0$5,978,458
83$9,104,403$484,312$0$6,503,084
84$9,940,355$415,346$0$7,079,343
85$10,858,655$340,082$0$7,712,481
86$11,867,609$258,117$0$8,408,280
87$12,976,370$169,029$0$9,173,116
88$14,195,020$72,372$0$10,014,015
89$15,534,666$0$0$10,938,722
90$17,007,546$0$0$11,962,175
91$18,627,143$0$0$13,103,408
92$20,408,312$0$0$14,358,561
93$22,367,417$0$0$15,739,176
94$24,522,490$0$0$17,257,969
95$26,893,400$0$0$18,928,950
96$29,502,035$0$0$20,767,558
97$32,372,514$0$0$22,790,801
98$35,531,413$0$0$25,017,421
99$39,008,011$0$0$27,468,068
100$42,834,573$0$0$30,165,495