Can I retire at age 54 with 907,000?

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 $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%14.6%
1 years$74,899$74,232$73,581$72,946$72,325$70,952
2 years$37,079$36,388$35,719$35,070$34,441$33,063
3 years$24,474$23,780$23,113$22,470$21,851$20,510
4 years$18,172$17,481$16,820$16,188$15,584$14,292
5 years$14,393$13,705$13,053$12,434$11,847$10,607
6 years$11,873$11,191$10,549$9,944$9,374$8,188
7 years$10,075$9,398$8,766$8,175$7,624$6,491
8 years$8,726$8,056$7,434$6,858$6,324$5,245
9 years$7,678$7,014$6,403$5,841$5,326$4,300
10 years$6,840$6,183$5,582$5,035$4,538$3,563
11 years$6,155$5,504$4,915$4,382$3,903$2,979
12 years$5,584$4,940$4,362$3,844$3,382$2,508
13 years$5,102$4,465$3,897$3,394$2,949$2,123
14 years$4,689$4,058$3,501$3,012$2,585$1,805
15 years$4,331$3,707$3,161$2,687$2,276$1,541
16 years$4,018$3,401$2,866$2,406$2,012$1,320
17 years$3,743$3,132$2,608$2,161$1,784$1,133
18 years$3,498$2,895$2,381$1,948$1,586$975
19 years$3,279$2,683$2,180$1,760$1,414$841
20 years$3,083$2,493$2,000$1,594$1,263$726
21 years$2,905$2,322$1,840$1,447$1,130$628
22 years$2,744$2,167$1,696$1,315$1,013$544
23 years$2,597$2,027$1,566$1,198$909$471
24 years$2,462$1,899$1,448$1,093$817$409
25 years$2,338$1,782$1,341$998$735$355
26 years$2,224$1,675$1,244$912$662$309
27 years$2,119$1,577$1,155$835$597$268
28 years$2,022$1,486$1,074$765$539$233
29 years$1,931$1,401$999$702$487$203
30 years$1,846$1,324$931$644$440$177
31 years$1,767$1,251$868$591$398$154
32 years$1,694$1,184$810$544$360$134
33 years$1,624$1,121$756$500$325$117
34 years$1,559$1,063$706$460$295$102
35 years$1,498$1,008$660$423$267$89
36 years$1,441$957$618$390$242$77
37 years$1,386$909$578$359$219$67
38 years$1,335$863$541$331$199$59
39 years$1,286$821$507$305$180$51
40 years$1,240$781$475$282$163$45
41 years$1,196$744$446$260$148$39
42 years$1,155$708$418$240$135$34
43 years$1,115$675$392$221$122$30
44 years$1,078$643$368$204$111$26
45 years$1,042$613$346$189$101$23
46 years$1,008$585$325$174$91$20
47 years$975$558$305$161$83$17
48 years$944$533$287$149$75$15
49 years$914$509$270$138$68$13
50 years$886$486$253$127$62$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $907,000, adding $6,047 every year, while hoping to spend $55,687 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: 86/7/7 Blend
53$907,000$907,000$907,000$907,000
54$1,005,751$957,680$943,622$1,091,176
55$1,049,088$945,356$915,983$1,135,465
56$1,094,978$930,562$885,551$1,175,843
57$1,143,623$913,117$852,175$1,218,430
58$1,195,245$892,832$815,695$1,263,409
59$1,250,083$869,504$775,945$1,310,984
60$1,308,403$842,921$732,749$1,361,375
61$1,370,491$812,855$685,928$1,414,826
62$1,436,664$779,069$635,290$1,471,606
63$1,507,269$741,307$580,636$1,532,008
64$1,582,682$699,304$521,760$1,596,359
65$1,663,321$652,774$458,444$1,665,016
66$1,749,639$601,420$390,461$1,738,370
67$1,842,137$544,925$317,577$1,816,857
68$1,941,362$482,953$239,542$1,900,951
69$2,047,915$415,151$156,101$1,991,179
70$2,162,455$341,146$66,982$2,088,119
71$2,285,705$260,542$0$2,192,407
72$2,418,462$172,924$0$2,306,846
73$2,561,598$77,850$0$2,435,584
74$2,716,072$0$0$2,574,489
75$2,882,938$0$0$2,726,458
76$3,063,354$0$0$2,897,260
77$3,258,592$0$0$3,082,105
78$3,470,052$0$0$3,282,317
79$3,699,273$0$0$3,499,354
80$3,947,945$0$0$3,734,820
81$4,217,928$0$0$3,990,477
82$4,511,270$0$0$4,268,265
83$4,830,221$0$0$4,570,315
84$5,177,257$0$0$4,898,976
85$5,555,103$0$0$5,256,828
86$5,966,757$0$0$5,646,713
87$6,415,518$0$0$6,071,758
88$6,905,017$0$0$6,535,403
89$7,439,252$0$0$7,041,436
90$8,022,621$0$0$7,594,026
91$8,659,967$0$0$8,197,763
92$9,356,623$0$0$8,857,700
93$10,118,457$0$0$9,579,398
94$10,951,934$0$0$10,368,984
95$11,864,169$0$0$11,233,200
96$12,862,999$0$0$12,179,474
97$13,957,053$0$0$13,215,983
98$15,155,835$0$0$14,351,733
99$16,469,810$0$0$15,596,643
100$17,910,505$0$0$16,961,637