Can I retire at age 54 with 905,000?

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 $905,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.7%
1 years$74,734$74,068$73,419$72,785$72,166$71,353
2 years$36,997$36,308$35,640$34,993$34,365$33,546
3 years$24,420$23,728$23,062$22,420$21,802$21,004
4 years$18,132$17,442$16,783$16,152$15,550$14,777
5 years$14,361$13,675$13,024$12,407$11,821$11,077
6 years$11,847$11,167$10,526$9,922$9,353$8,638
7 years$10,053$9,378$8,747$8,157$7,607$6,921
8 years$8,707$8,038$7,418$6,843$6,310$5,655
9 years$7,661$6,999$6,389$5,829$5,314$4,688
10 years$6,825$6,169$5,570$5,024$4,528$3,930
11 years$6,141$5,492$4,904$4,373$3,894$3,325
12 years$5,572$4,929$4,352$3,835$3,375$2,833
13 years$5,091$4,455$3,888$3,386$2,943$2,428
14 years$4,678$4,049$3,494$3,006$2,580$2,092
15 years$4,322$3,699$3,154$2,681$2,271$1,809
16 years$4,009$3,394$2,860$2,400$2,007$1,570
17 years$3,734$3,126$2,602$2,157$1,780$1,366
18 years$3,490$2,888$2,376$1,944$1,583$1,192
19 years$3,272$2,677$2,175$1,756$1,411$1,042
20 years$3,076$2,487$1,996$1,591$1,260$913
21 years$2,899$2,317$1,836$1,443$1,128$801
22 years$2,738$2,163$1,692$1,312$1,011$704
23 years$2,591$2,023$1,562$1,195$907$619
24 years$2,457$1,895$1,445$1,090$815$545
25 years$2,333$1,779$1,338$996$734$480
26 years$2,220$1,672$1,241$910$661$424
27 years$2,114$1,573$1,152$833$596$374
28 years$2,017$1,482$1,071$763$538$330
29 years$1,927$1,398$997$700$486$292
30 years$1,842$1,321$929$643$439$258
31 years$1,763$1,248$866$590$397$228
32 years$1,690$1,181$808$542$359$202
33 years$1,621$1,119$754$499$325$179
34 years$1,556$1,060$705$459$294$158
35 years$1,495$1,006$659$422$266$140
36 years$1,437$955$616$389$241$124
37 years$1,383$907$577$358$219$110
38 years$1,332$862$540$330$198$97
39 years$1,283$819$506$305$180$86
40 years$1,237$779$474$281$163$77
41 years$1,194$742$445$259$148$68
42 years$1,152$707$417$239$134$60
43 years$1,113$673$392$221$122$53
44 years$1,075$642$368$204$111$47
45 years$1,040$612$345$188$100$42
46 years$1,005$584$324$174$91$37
47 years$973$557$305$161$83$33
48 years$942$532$286$149$75$29
49 years$912$508$269$137$68$26
50 years$884$485$253$127$62$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $905,000, adding $5,305 every year, while hoping to spend $50,324 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: 67/5/28 Blend
53$905,000$905,000$905,000$905,000
54$1,002,782$954,817$940,790$1,062,281
55$1,051,522$948,059$918,762$1,096,270
56$1,103,546$939,283$894,309$1,127,280
57$1,159,137$928,337$867,298$1,160,074
58$1,218,603$915,060$837,587$1,194,831
59$1,282,284$899,281$805,030$1,231,748
60$1,350,551$880,820$769,472$1,271,048
61$1,423,812$859,485$730,754$1,312,974
62$1,502,514$835,073$688,707$1,357,797
63$1,587,148$807,369$643,156$1,405,819
64$1,678,253$776,146$593,918$1,457,373
65$1,776,420$741,163$540,800$1,512,827
66$1,882,301$702,166$483,603$1,572,590
67$1,996,610$658,886$422,118$1,637,116
68$2,120,131$611,038$356,125$1,706,906
69$2,253,726$558,321$285,398$1,782,515
70$2,398,345$500,417$209,697$1,864,559
71$2,555,029$436,991$128,775$1,953,716
72$2,724,925$367,686$42,371$2,050,740
73$2,909,292$292,127$0$2,156,464
74$3,109,517$209,919$0$2,286,698
75$3,327,125$120,642$0$2,442,048
76$3,563,793$23,854$0$2,611,056
77$3,821,365$0$0$2,795,060
78$4,101,873$0$0$2,999,985
79$4,407,551$0$0$3,224,778
80$4,740,857$0$0$3,469,943
81$5,104,498$0$0$3,737,476
82$5,501,454$0$0$4,029,575
83$5,935,001$0$0$4,348,661
84$6,408,752$0$0$4,697,398
85$6,926,679$0$0$5,078,719
86$7,493,157$0$0$5,495,854
87$8,113,005$0$0$5,952,359
88$8,791,528$0$0$6,452,148
89$9,534,566$0$0$6,999,535
90$10,348,553$0$0$7,599,267
91$11,240,572$0$0$8,256,574
92$12,218,425$0$0$8,977,214
93$13,290,707$0$0$9,767,532
94$14,466,880$0$0$10,634,514
95$15,757,369$0$0$11,585,854
96$17,173,656$0$0$12,630,030
97$18,728,390$0$0$13,776,378
98$20,435,501$0$0$15,035,182
99$22,310,337$0$0$16,417,774
100$24,369,805$0$0$17,936,634