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%13.6%
1 years$74,651$73,987$73,338$72,705$72,086$71,009
2 years$36,956$36,268$35,601$34,954$34,327$33,244
3 years$24,393$23,701$23,036$22,395$21,778$20,723
4 years$18,112$17,423$16,764$16,135$15,532$14,514
5 years$14,345$13,660$13,010$12,393$11,808$10,828
6 years$11,834$11,154$10,514$9,911$9,343$8,404
7 years$10,042$9,367$8,737$8,148$7,598$6,700
8 years$8,698$8,030$7,410$6,835$6,304$5,445
9 years$7,653$6,991$6,382$5,822$5,308$4,490
10 years$6,818$6,162$5,564$5,019$4,523$3,744
11 years$6,135$5,486$4,898$4,368$3,890$3,150
12 years$5,566$4,924$4,347$3,831$3,371$2,669
13 years$5,085$4,450$3,884$3,382$2,940$2,274
14 years$4,673$4,045$3,490$3,002$2,577$1,947
15 years$4,317$3,695$3,151$2,678$2,269$1,673
16 years$4,005$3,390$2,857$2,398$2,005$1,443
17 years$3,730$3,122$2,599$2,154$1,778$1,248
18 years$3,486$2,885$2,373$1,941$1,581$1,082
19 years$3,268$2,674$2,172$1,754$1,409$940
20 years$3,072$2,485$1,994$1,589$1,259$818
21 years$2,895$2,314$1,834$1,442$1,126$713
22 years$2,735$2,160$1,690$1,311$1,010$622
23 years$2,588$2,021$1,561$1,194$906$543
24 years$2,454$1,893$1,443$1,089$815$475
25 years$2,331$1,777$1,337$995$733$416
26 years$2,217$1,670$1,240$909$660$364
27 years$2,112$1,571$1,151$832$595$319
28 years$2,015$1,481$1,070$763$537$280
29 years$1,924$1,397$996$699$485$245
30 years$1,840$1,319$928$642$438$215
31 years$1,762$1,247$865$589$396$189
32 years$1,688$1,180$807$542$358$166
33 years$1,619$1,117$753$498$324$146
34 years$1,554$1,059$704$458$294$128
35 years$1,493$1,005$658$422$266$113
36 years$1,436$953$616$389$241$99
37 years$1,382$906$576$358$218$87
38 years$1,330$861$540$330$198$77
39 years$1,282$818$506$304$180$67
40 years$1,236$779$474$281$163$59
41 years$1,192$741$444$259$148$52
42 years$1,151$706$417$239$134$46
43 years$1,112$673$391$221$122$40
44 years$1,074$641$367$204$110$35
45 years$1,038$611$345$188$100$31
46 years$1,004$583$324$174$91$27
47 years$972$557$304$161$83$24
48 years$941$531$286$148$75$21
49 years$911$507$269$137$68$19
50 years$883$485$253$127$62$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $904,000, adding $3,938 every year, while hoping to spend $33,037 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: 42/48/10 Blend
53$904,000$904,000$904,000$904,000
54$1,000,270$952,358$938,346$1,039,191
55$1,067,146$963,872$934,630$1,078,291
56$1,139,737$974,844$929,681$1,116,979
57$1,218,590$985,211$923,425$1,158,129
58$1,304,307$994,907$915,781$1,201,977
59$1,397,553$1,003,864$906,666$1,248,787
60$1,499,056$1,012,006$895,992$1,298,850
61$1,609,619$1,019,254$883,667$1,352,489
62$1,730,126$1,025,523$869,596$1,410,060
63$1,861,549$1,030,724$853,678$1,471,958
64$2,004,958$1,034,761$835,807$1,538,618
65$2,161,531$1,037,531$815,874$1,610,523
66$2,332,565$1,038,928$793,763$1,688,207
67$2,519,487$1,038,835$769,354$1,772,262
68$2,723,868$1,037,132$742,521$1,863,338
69$2,947,439$1,033,688$713,132$1,962,160
70$3,192,105$1,028,366$681,049$2,069,525
71$3,459,964$1,021,019$646,128$2,186,315
72$3,753,325$1,011,495$608,219$2,313,508
73$4,074,734$999,627$567,164$2,452,181
74$4,426,991$985,243$522,798$2,603,527
75$4,813,182$968,158$474,950$2,768,863
76$5,236,706$948,178$423,440$2,949,646
77$5,701,306$925,094$368,081$3,147,485
78$6,211,104$898,688$308,676$3,364,157
79$6,770,642$868,729$245,022$3,601,628
80$7,384,922$834,972$176,905$3,862,066
81$8,059,454$797,156$104,102$4,147,868
82$8,800,308$755,006$26,379$4,461,683
83$9,614,172$708,234$0$4,806,433
84$10,508,411$656,531$0$5,191,382
85$11,491,140$599,572$0$5,617,458
86$12,571,301$537,015$0$6,085,806
87$13,758,741$468,497$0$6,600,803
88$15,064,314$393,634$0$7,167,279
89$16,499,974$312,022$0$7,790,563
90$18,078,892$223,232$0$8,476,535
91$19,815,582$126,814$0$9,231,686
92$21,726,032$22,288$0$10,063,174
93$23,827,860$0$0$10,978,901
94$26,140,476$0$0$12,035,567
95$28,685,268$0$0$13,211,405
96$31,485,800$0$0$14,505,546
97$34,568,037$0$0$15,930,008
98$37,960,589$0$0$17,498,028
99$41,694,980$0$0$19,224,197
100$45,805,944$0$0$21,124,588