Can I retire at age 54 with 907,000?

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 $907,000?

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$74,899$74,232$73,581$72,946$72,325$70,807
2 years$37,079$36,388$35,719$35,070$34,441$32,918
3 years$24,474$23,780$23,113$22,470$21,851$20,371
4 years$18,172$17,481$16,820$16,188$15,584$14,160
5 years$14,393$13,705$13,053$12,434$11,847$10,481
6 years$11,873$11,191$10,549$9,944$9,374$8,068
7 years$10,075$9,398$8,766$8,175$7,624$6,378
8 years$8,726$8,056$7,434$6,858$6,324$5,139
9 years$7,678$7,014$6,403$5,841$5,326$4,200
10 years$6,840$6,183$5,582$5,035$4,538$3,470
11 years$6,155$5,504$4,915$4,382$3,903$2,892
12 years$5,584$4,940$4,362$3,844$3,382$2,426
13 years$5,102$4,465$3,897$3,394$2,949$2,047
14 years$4,689$4,058$3,501$3,012$2,585$1,735
15 years$4,331$3,707$3,161$2,687$2,276$1,476
16 years$4,018$3,401$2,866$2,406$2,012$1,260
17 years$3,743$3,132$2,608$2,161$1,784$1,078
18 years$3,498$2,895$2,381$1,948$1,586$924
19 years$3,279$2,683$2,180$1,760$1,414$794
20 years$3,083$2,493$2,000$1,594$1,263$683
21 years$2,905$2,322$1,840$1,447$1,130$588
22 years$2,744$2,167$1,696$1,315$1,013$508
23 years$2,597$2,027$1,566$1,198$909$438
24 years$2,462$1,899$1,448$1,093$817$379
25 years$2,338$1,782$1,341$998$735$328
26 years$2,224$1,675$1,244$912$662$283
27 years$2,119$1,577$1,155$835$597$245
28 years$2,022$1,486$1,074$765$539$213
29 years$1,931$1,401$999$702$487$184
30 years$1,846$1,324$931$644$440$160
31 years$1,767$1,251$868$591$398$138
32 years$1,694$1,184$810$544$360$120
33 years$1,624$1,121$756$500$325$104
34 years$1,559$1,063$706$460$295$90
35 years$1,498$1,008$660$423$267$78
36 years$1,441$957$618$390$242$68
37 years$1,386$909$578$359$219$59
38 years$1,335$863$541$331$199$51
39 years$1,286$821$507$305$180$45
40 years$1,240$781$475$282$163$39
41 years$1,196$744$446$260$148$34
42 years$1,155$708$418$240$135$29
43 years$1,115$675$392$221$122$25
44 years$1,078$643$368$204$111$22
45 years$1,042$613$346$189$101$19
46 years$1,008$585$325$174$91$17
47 years$975$558$305$161$83$14
48 years$944$533$287$149$75$13
49 years$914$509$270$138$68$11
50 years$886$486$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 $907,000, adding $4,619 every year, while hoping to spend $28,184 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: 82/10/8 Blend
53$907,000$907,000$907,000$907,000
54$1,004,278$956,207$942,149$1,085,275
55$1,076,727$973,074$943,723$1,155,812
56$1,155,621$989,823$944,406$1,229,003
57$1,241,588$1,006,417$944,137$1,308,494
58$1,335,319$1,022,820$942,854$1,394,899
59$1,437,573$1,038,990$940,491$1,488,895
60$1,549,188$1,054,883$936,980$1,591,229
61$1,671,084$1,070,451$932,248$1,702,722
62$1,804,276$1,085,645$926,220$1,824,279
63$1,949,880$1,100,410$918,816$1,956,896
64$2,109,125$1,114,687$909,954$2,101,672
65$2,283,364$1,128,415$899,546$2,259,815
66$2,474,088$1,141,528$887,501$2,432,657
67$2,682,936$1,153,954$873,724$2,621,667
68$2,911,717$1,165,619$858,115$2,828,460
69$3,162,420$1,176,442$840,569$3,054,819
70$3,437,236$1,186,337$820,978$3,302,705
71$3,738,579$1,195,213$799,226$3,574,281
72$4,069,108$1,202,972$775,193$3,871,928
73$4,431,750$1,209,511$748,755$4,198,272
74$4,829,731$1,214,719$719,781$4,556,205
75$5,266,603$1,218,480$688,134$4,948,913
76$5,746,280$1,220,669$653,669$5,379,909
77$6,273,072$1,221,153$616,238$5,853,060
78$6,851,728$1,219,792$575,685$6,372,632
79$7,487,479$1,216,436$531,845$6,943,321
80$8,186,088$1,210,928$484,548$7,570,305
81$8,953,904$1,203,099$433,616$8,259,289
82$9,797,922$1,192,770$378,862$9,016,560
83$10,725,848$1,179,753$320,091$9,849,045
84$11,746,170$1,163,848$257,100$10,764,378
85$12,868,244$1,144,840$189,677$11,770,972
86$14,102,374$1,122,506$117,601$12,878,098
87$15,459,914$1,096,608$40,639$14,095,971
88$16,953,376$1,066,892$0$15,435,851
89$18,596,542$1,033,091$0$16,913,685
90$20,404,599$994,922$0$18,543,537
91$22,394,281$952,087$0$20,337,024
92$24,584,026$904,267$0$22,310,773
93$26,994,149$851,128$0$24,483,108
94$29,647,034$792,316$0$26,874,218
95$32,567,348$727,456$0$29,506,354
96$35,782,268$656,152$0$32,404,032
97$39,321,741$577,984$0$35,594,270
98$43,218,764$492,512$0$39,106,841
99$47,509,700$399,267$0$42,974,551
100$52,234,614$297,755$0$47,233,555