Can I retire at age 54 with 904,000?

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 $904,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.1%
1 years$74,651$73,987$73,338$72,705$72,086$70,573
2 years$36,956$36,268$35,601$34,954$34,327$32,809
3 years$24,393$23,701$23,036$22,395$21,778$20,304
4 years$18,112$17,423$16,764$16,135$15,532$14,113
5 years$14,345$13,660$13,010$12,393$11,808$10,446
6 years$11,834$11,154$10,514$9,911$9,343$8,042
7 years$10,042$9,367$8,737$8,148$7,598$6,357
8 years$8,698$8,030$7,410$6,835$6,304$5,122
9 years$7,653$6,991$6,382$5,822$5,308$4,186
10 years$6,818$6,162$5,564$5,019$4,523$3,459
11 years$6,135$5,486$4,898$4,368$3,890$2,882
12 years$5,566$4,924$4,347$3,831$3,371$2,418
13 years$5,085$4,450$3,884$3,382$2,940$2,040
14 years$4,673$4,045$3,490$3,002$2,577$1,729
15 years$4,317$3,695$3,151$2,678$2,269$1,471
16 years$4,005$3,390$2,857$2,398$2,005$1,255
17 years$3,730$3,122$2,599$2,154$1,778$1,074
18 years$3,486$2,885$2,373$1,941$1,581$921
19 years$3,268$2,674$2,172$1,754$1,409$791
20 years$3,072$2,485$1,994$1,589$1,259$681
21 years$2,895$2,314$1,834$1,442$1,126$587
22 years$2,735$2,160$1,690$1,311$1,010$506
23 years$2,588$2,021$1,561$1,194$906$437
24 years$2,454$1,893$1,443$1,089$815$378
25 years$2,331$1,777$1,337$995$733$326
26 years$2,217$1,670$1,240$909$660$283
27 years$2,112$1,571$1,151$832$595$245
28 years$2,015$1,481$1,070$763$537$212
29 years$1,924$1,397$996$699$485$184
30 years$1,840$1,319$928$642$438$159
31 years$1,762$1,247$865$589$396$138
32 years$1,688$1,180$807$542$358$120
33 years$1,619$1,117$753$498$324$104
34 years$1,554$1,059$704$458$294$90
35 years$1,493$1,005$658$422$266$78
36 years$1,436$953$616$389$241$68
37 years$1,382$906$576$358$218$59
38 years$1,330$861$540$330$198$51
39 years$1,282$818$506$304$180$44
40 years$1,236$779$474$281$163$39
41 years$1,192$741$444$259$148$33
42 years$1,151$706$417$239$134$29
43 years$1,112$673$391$221$122$25
44 years$1,074$641$367$204$110$22
45 years$1,038$611$345$188$100$19
46 years$1,004$583$324$174$91$17
47 years$972$557$304$161$83$14
48 years$941$531$286$148$75$12
49 years$911$507$269$137$68$11
50 years$883$485$253$127$62$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $904,000, adding $3,170 every year, while hoping to spend $25,872 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: 60/18/22 Blend
53$904,000$904,000$904,000$904,000
54$999,478$951,566$937,554$1,053,448
55$1,073,897$970,665$941,434$1,109,526
56$1,155,040$989,833$944,578$1,167,579
57$1,243,565$1,009,045$946,932$1,230,343
58$1,340,196$1,028,277$948,442$1,298,283
59$1,445,733$1,047,499$949,052$1,371,905
60$1,561,053$1,066,681$948,700$1,451,772
61$1,687,122$1,085,791$947,324$1,538,503
62$1,825,007$1,104,793$944,857$1,632,780
63$1,975,878$1,123,648$941,230$1,735,356
64$2,141,027$1,142,316$936,370$1,847,058
65$2,321,874$1,160,753$930,202$1,968,802
66$2,519,986$1,178,910$922,644$2,101,595
67$2,737,086$1,196,737$913,613$2,246,548
68$2,975,071$1,214,180$903,022$2,404,887
69$3,236,033$1,231,180$890,778$2,577,962
70$3,522,275$1,247,674$876,786$2,767,261
71$3,836,333$1,263,596$860,944$2,974,427
72$4,181,000$1,278,873$843,147$3,201,270
73$4,559,354$1,293,431$823,285$3,449,784
74$4,974,785$1,307,186$801,241$3,722,170
75$5,431,027$1,320,051$776,897$4,020,852
76$5,932,194$1,331,935$750,124$4,348,504
77$6,482,815$1,342,738$720,792$4,708,075
78$7,087,885$1,352,355$688,761$5,102,813
79$7,752,903$1,360,674$653,888$5,536,301
80$8,483,927$1,367,575$616,021$6,012,488
81$9,287,632$1,372,931$575,002$6,535,729
82$10,171,374$1,376,607$530,668$7,110,823
83$11,143,253$1,378,461$482,845$7,743,061
84$12,212,198$1,378,338$431,353$8,438,277
85$13,388,044$1,376,078$376,005$9,202,900
86$14,681,627$1,371,509$316,604$10,044,018
87$16,104,888$1,364,448$252,945$10,969,447
88$17,670,983$1,354,702$184,815$11,987,798
89$19,394,406$1,342,065$111,989$13,108,568
90$21,291,129$1,326,320$34,234$14,342,221
91$23,378,750$1,307,236$0$15,700,297
92$25,676,660$1,284,568$0$17,206,953
93$28,206,226$1,258,058$0$18,874,087
94$30,990,989$1,227,431$0$20,709,166
95$34,056,891$1,192,397$0$22,729,290
96$37,432,518$1,152,648$0$24,953,299
97$41,149,366$1,107,859$0$27,401,958
98$45,242,142$1,057,685$0$30,098,150
99$49,749,092$1,001,762$0$33,067,092
100$54,712,355$939,705$0$36,336,575