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%16.9%
1 years$74,651$73,987$73,338$72,705$72,086$70,060
2 years$36,956$36,268$35,601$34,954$34,327$32,300
3 years$24,393$23,701$23,036$22,395$21,778$19,816
4 years$18,112$17,423$16,764$16,135$15,532$13,649
5 years$14,345$13,660$13,010$12,393$11,808$10,008
6 years$11,834$11,154$10,514$9,911$9,343$7,629
7 years$10,042$9,367$8,737$8,148$7,598$5,970
8 years$8,698$8,030$7,410$6,835$6,304$4,760
9 years$7,653$6,991$6,382$5,822$5,308$3,848
10 years$6,818$6,162$5,564$5,019$4,523$3,144
11 years$6,135$5,486$4,898$4,368$3,890$2,590
12 years$5,566$4,924$4,347$3,831$3,371$2,148
13 years$5,085$4,450$3,884$3,382$2,940$1,790
14 years$4,673$4,045$3,490$3,002$2,577$1,499
15 years$4,317$3,695$3,151$2,678$2,269$1,259
16 years$4,005$3,390$2,857$2,398$2,005$1,061
17 years$3,730$3,122$2,599$2,154$1,778$896
18 years$3,486$2,885$2,373$1,941$1,581$758
19 years$3,268$2,674$2,172$1,754$1,409$642
20 years$3,072$2,485$1,994$1,589$1,259$545
21 years$2,895$2,314$1,834$1,442$1,126$463
22 years$2,735$2,160$1,690$1,311$1,010$394
23 years$2,588$2,021$1,561$1,194$906$336
24 years$2,454$1,893$1,443$1,089$815$286
25 years$2,331$1,777$1,337$995$733$244
26 years$2,217$1,670$1,240$909$660$208
27 years$2,112$1,571$1,151$832$595$177
28 years$2,015$1,481$1,070$763$537$151
29 years$1,924$1,397$996$699$485$129
30 years$1,840$1,319$928$642$438$110
31 years$1,762$1,247$865$589$396$94
32 years$1,688$1,180$807$542$358$81
33 years$1,619$1,117$753$498$324$69
34 years$1,554$1,059$704$458$294$59
35 years$1,493$1,005$658$422$266$50
36 years$1,436$953$616$389$241$43
37 years$1,382$906$576$358$218$37
38 years$1,330$861$540$330$198$31
39 years$1,282$818$506$304$180$27
40 years$1,236$779$474$281$163$23
41 years$1,192$741$444$259$148$20
42 years$1,151$706$417$239$134$17
43 years$1,112$673$391$221$122$14
44 years$1,074$641$367$204$110$12
45 years$1,038$611$345$188$100$11
46 years$1,004$583$324$174$91$9
47 years$972$557$304$161$83$8
48 years$941$531$286$148$75$7
49 years$911$507$269$137$68$6
50 years$883$485$253$127$62$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $904,000, adding $3,144 every year, while hoping to spend $43,403 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: 30/44/26 Blend
53$904,000$904,000$904,000$904,000
54$999,451$951,539$937,527$1,021,336
55$1,055,215$951,984$922,754$1,039,016
56$1,115,211$950,996$906,031$1,053,990
57$1,179,827$948,459$887,247$1,069,225
58$1,249,486$944,250$866,287$1,084,773
59$1,324,654$938,239$843,027$1,100,696
60$1,405,842$930,286$817,342$1,117,064
61$1,493,612$920,244$789,097$1,133,960
62$1,588,583$907,958$758,154$1,151,479
63$1,691,433$893,263$724,368$1,169,730
64$1,802,910$875,984$687,585$1,188,838
65$1,923,835$855,935$647,646$1,208,947
66$2,055,110$832,919$604,386$1,230,220
67$2,197,729$806,730$557,631$1,252,843
68$2,352,784$777,147$507,199$1,277,027
69$2,521,478$743,938$452,900$1,303,011
70$2,705,134$706,855$394,537$1,331,065
71$2,905,206$665,639$331,902$1,361,496
72$3,123,295$620,014$264,780$1,394,647
73$3,361,166$569,689$192,944$1,430,906
74$3,620,757$514,356$116,160$1,470,709
75$3,904,204$453,689$34,181$1,514,546
76$4,213,857$387,345$0$1,562,967
77$4,552,305$314,959$0$1,631,375
78$4,922,397$236,149$0$1,716,754
79$5,327,270$150,508$0$1,810,460
80$5,770,377$57,609$0$1,913,436
81$6,255,523$0$0$2,026,731
82$6,786,895$0$0$2,172,329
83$7,369,107$0$0$2,362,558
84$8,007,237$0$0$2,571,203
85$8,706,881$0$0$2,800,112
86$9,474,201$0$0$3,051,319
87$10,315,982$0$0$3,327,065
88$11,239,700$0$0$3,629,819
89$12,253,590$0$0$3,962,301
90$13,366,720$0$0$4,327,507
91$14,589,083$0$0$4,728,737
92$15,931,684$0$0$5,169,627
93$17,406,647$0$0$5,654,182
94$19,027,330$0$0$6,186,815
95$20,808,446$0$0$6,772,388
96$22,766,206$0$0$7,416,257
97$24,918,470$0$0$8,124,322
98$27,284,913$0$0$8,903,086
99$29,887,214$0$0$9,759,711
100$32,749,255$0$0$10,702,091