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%14.8%
1 years$74,569$73,905$73,257$72,624$72,006$70,581
2 years$36,915$36,228$35,561$34,915$34,289$32,859
3 years$24,366$23,675$23,011$22,371$21,754$20,365
4 years$18,092$17,404$16,746$16,117$15,515$14,176
5 years$14,329$13,645$12,995$12,379$11,794$10,510
6 years$11,821$11,142$10,502$9,900$9,333$8,104
7 years$10,030$9,357$8,727$8,139$7,590$6,417
8 years$8,688$8,021$7,402$6,828$6,297$5,180
9 years$7,644$6,983$6,375$5,816$5,303$4,241
10 years$6,810$6,156$5,558$5,013$4,518$3,510
11 years$6,128$5,480$4,893$4,363$3,886$2,931
12 years$5,560$4,919$4,342$3,827$3,367$2,464
13 years$5,080$4,445$3,880$3,379$2,936$2,083
14 years$4,668$4,040$3,486$2,999$2,574$1,769
15 years$4,312$3,691$3,147$2,675$2,266$1,508
16 years$4,001$3,386$2,854$2,395$2,003$1,290
17 years$3,726$3,119$2,597$2,152$1,776$1,106
18 years$3,483$2,882$2,370$1,939$1,579$950
19 years$3,265$2,671$2,170$1,752$1,408$818
20 years$3,069$2,482$1,991$1,587$1,257$706
21 years$2,892$2,312$1,832$1,440$1,125$609
22 years$2,732$2,158$1,688$1,310$1,008$527
23 years$2,585$2,018$1,559$1,193$905$456
24 years$2,451$1,891$1,442$1,088$814$395
25 years$2,328$1,775$1,335$993$732$342
26 years$2,215$1,668$1,238$908$660$297
27 years$2,110$1,570$1,150$831$595$258
28 years$2,013$1,479$1,069$762$537$224
29 years$1,922$1,395$995$699$484$194
30 years$1,838$1,318$927$641$438$169
31 years$1,760$1,246$864$589$396$147
32 years$1,686$1,179$806$541$358$128
33 years$1,617$1,116$753$498$324$111
34 years$1,552$1,058$703$458$293$97
35 years$1,492$1,003$657$421$266$84
36 years$1,434$952$615$388$241$73
37 years$1,380$905$576$358$218$64
38 years$1,329$860$539$330$198$55
39 years$1,280$817$505$304$179$48
40 years$1,235$778$473$280$163$42
41 years$1,191$740$444$259$148$37
42 years$1,150$705$416$239$134$32
43 years$1,110$672$391$220$122$28
44 years$1,073$640$367$203$110$24
45 years$1,037$611$344$188$100$21
46 years$1,003$583$323$174$91$18
47 years$971$556$304$160$83$16
48 years$940$531$286$148$75$14
49 years$910$507$268$137$68$12
50 years$882$484$252$127$62$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $903,000, adding $6,939 every year, while hoping to spend $20,688 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: 52/24/24 Blend
53$903,000$903,000$903,000$903,000
54$1,002,264$954,405$940,408$1,047,355
55$1,082,483$979,159$949,900$1,104,035
56$1,170,191$1,004,432$959,016$1,162,970
57$1,266,130$1,030,229$967,723$1,226,653
58$1,371,117$1,056,552$975,983$1,295,545
59$1,486,051$1,083,404$983,760$1,370,151
60$1,611,924$1,110,786$991,011$1,451,031
61$1,749,827$1,138,701$997,696$1,538,800
62$1,900,960$1,167,148$1,003,770$1,634,135
63$2,066,648$1,196,128$1,009,186$1,737,782
64$2,248,346$1,225,639$1,013,895$1,850,565
65$2,447,662$1,255,680$1,017,844$1,973,391
66$2,666,362$1,286,247$1,020,981$2,107,257
67$2,906,395$1,317,336$1,023,247$2,253,266
68$3,169,904$1,348,943$1,024,584$2,412,629
69$3,459,255$1,381,061$1,024,927$2,586,685
70$3,777,048$1,413,683$1,024,211$2,776,907
71$4,126,152$1,446,798$1,022,368$2,984,918
72$4,509,726$1,480,398$1,019,323$3,212,508
73$4,931,250$1,514,469$1,015,002$3,461,649
74$5,394,557$1,548,998$1,009,325$3,734,516
75$5,903,872$1,583,969$1,002,207$4,033,504
76$6,463,848$1,619,364$993,562$4,361,253
77$7,079,611$1,655,164$983,297$4,720,673
78$7,756,810$1,691,346$971,317$5,114,973
79$8,501,669$1,727,886$957,520$5,547,687
80$9,321,044$1,764,757$941,801$6,022,712
81$10,222,489$1,801,929$924,050$6,544,341
82$11,214,329$1,839,369$904,152$7,117,308
83$12,305,734$1,877,042$881,985$7,746,830
84$13,506,811$1,914,909$857,423$8,438,657
85$14,828,692$1,952,927$830,334$9,199,124
86$16,283,648$1,991,049$800,579$10,035,217
87$17,885,196$2,029,226$768,014$10,954,634
88$19,648,231$2,067,403$732,488$11,965,860
89$21,589,166$2,105,521$693,841$13,078,244
90$23,726,086$2,143,517$651,910$14,302,095
91$26,078,919$2,181,321$606,521$15,648,771
92$28,669,623$2,218,861$557,494$17,130,793
93$31,522,394$2,256,055$504,640$18,761,959
94$34,663,896$2,292,818$447,763$20,557,476
95$38,123,506$2,329,059$386,655$22,534,107
96$41,933,599$2,364,678$321,104$24,710,326
97$46,129,848$2,399,570$250,883$27,106,491
98$50,751,564$2,433,621$175,759$29,745,044
99$55,842,064$2,466,709$95,488$32,650,716
100$61,449,081$2,498,704$9,813$35,850,763