Can I retire at age 54 with 904,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%17.5%
1 years$74,651$73,987$73,338$72,705$72,086$69,891
2 years$36,956$36,268$35,601$34,954$34,327$32,134
3 years$24,393$23,701$23,036$22,395$21,778$19,656
4 years$18,112$17,423$16,764$16,135$15,532$13,498
5 years$14,345$13,660$13,010$12,393$11,808$9,866
6 years$11,834$11,154$10,514$9,911$9,343$7,496
7 years$10,042$9,367$8,737$8,148$7,598$5,846
8 years$8,698$8,030$7,410$6,835$6,304$4,645
9 years$7,653$6,991$6,382$5,822$5,308$3,741
10 years$6,818$6,162$5,564$5,019$4,523$3,045
11 years$6,135$5,486$4,898$4,368$3,890$2,499
12 years$5,566$4,924$4,347$3,831$3,371$2,064
13 years$5,085$4,450$3,884$3,382$2,940$1,714
14 years$4,673$4,045$3,490$3,002$2,577$1,429
15 years$4,317$3,695$3,151$2,678$2,269$1,195
16 years$4,005$3,390$2,857$2,398$2,005$1,002
17 years$3,730$3,122$2,599$2,154$1,778$843
18 years$3,486$2,885$2,373$1,941$1,581$710
19 years$3,268$2,674$2,172$1,754$1,409$599
20 years$3,072$2,485$1,994$1,589$1,259$506
21 years$2,895$2,314$1,834$1,442$1,126$428
22 years$2,735$2,160$1,690$1,311$1,010$363
23 years$2,588$2,021$1,561$1,194$906$307
24 years$2,454$1,893$1,443$1,089$815$260
25 years$2,331$1,777$1,337$995$733$221
26 years$2,217$1,670$1,240$909$660$188
27 years$2,112$1,571$1,151$832$595$159
28 years$2,015$1,481$1,070$763$537$135
29 years$1,924$1,397$996$699$485$115
30 years$1,840$1,319$928$642$438$98
31 years$1,762$1,247$865$589$396$83
32 years$1,688$1,180$807$542$358$71
33 years$1,619$1,117$753$498$324$60
34 years$1,554$1,059$704$458$294$51
35 years$1,493$1,005$658$422$266$43
36 years$1,436$953$616$389$241$37
37 years$1,382$906$576$358$218$31
38 years$1,330$861$540$330$198$27
39 years$1,282$818$506$304$180$23
40 years$1,236$779$474$281$163$19
41 years$1,192$741$444$259$148$16
42 years$1,151$706$417$239$134$14
43 years$1,112$673$391$221$122$12
44 years$1,074$641$367$204$110$10
45 years$1,038$611$345$188$100$9
46 years$1,004$583$324$174$91$7
47 years$972$557$304$161$83$6
48 years$941$531$286$148$75$5
49 years$911$507$269$137$68$5
50 years$883$485$253$127$62$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $904,000, adding $3,755 every year, while hoping to spend $29,048 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: 66/28/6 Blend
53$904,000$904,000$904,000$904,000
54$1,000,081$952,169$938,157$1,064,904
55$1,071,183$967,919$938,679$1,124,164
56$1,148,563$983,466$938,244$1,185,065
57$1,232,832$998,772$936,791$1,250,844
58$1,324,660$1,013,791$934,253$1,321,972
59$1,424,786$1,028,478$930,561$1,398,970
60$1,534,023$1,042,782$925,644$1,482,408
61$1,653,266$1,056,650$919,425$1,572,918
62$1,783,498$1,070,025$911,825$1,671,193
63$1,925,805$1,082,846$902,760$1,778,000
64$2,081,379$1,095,048$892,145$1,894,181
65$2,251,534$1,106,560$879,887$2,020,666
66$2,437,718$1,117,309$865,890$2,158,481
67$2,641,523$1,127,215$850,055$2,308,754
68$2,864,704$1,136,194$832,278$2,472,730
69$3,109,192$1,144,155$812,447$2,651,781
70$3,377,115$1,151,005$790,450$2,847,420
71$3,670,816$1,156,639$766,165$3,061,312
72$3,992,876$1,160,950$739,468$3,295,296
73$4,346,136$1,163,824$710,227$3,551,397
74$4,733,727$1,165,136$678,305$3,831,847
75$5,159,097$1,164,758$643,558$4,139,107
76$5,626,045$1,162,551$605,837$4,475,891
77$6,138,754$1,158,369$564,985$4,845,188
78$6,701,834$1,152,056$520,839$5,250,295
79$7,320,360$1,143,446$473,227$5,694,845
80$7,999,927$1,132,365$421,970$6,182,845
81$8,746,696$1,118,627$366,882$6,718,710
82$9,567,455$1,102,036$307,769$7,307,306
83$10,469,682$1,082,382$244,425$7,954,000
84$11,461,616$1,059,445$176,640$8,664,706
85$12,552,334$1,032,991$104,191$9,445,943
86$13,751,837$1,002,773$26,846$10,304,898
87$15,071,143$968,527$0$11,249,494
88$16,522,391$929,977$0$12,292,028
89$18,118,958$886,828$0$13,440,626
90$19,875,579$838,771$0$14,704,195
91$21,808,494$785,476$0$16,094,450
92$23,935,592$726,596$0$17,624,299
93$26,276,587$661,764$0$19,307,974
94$28,853,201$590,592$0$21,161,158
95$31,689,365$512,669$0$23,201,138
96$34,811,452$427,561$0$25,446,967
97$38,248,519$334,811$0$27,919,646
98$42,032,586$233,935$0$30,642,319
99$46,198,933$124,421$0$33,640,499
100$50,786,437$5,730$0$36,942,300