Can I retire at age 54 with 908,000?

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 $908,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.4%
1 years$74,982$74,314$73,662$73,026$72,405$70,799
2 years$37,120$36,428$35,758$35,109$34,479$32,868
3 years$24,501$23,806$23,138$22,495$21,875$20,311
4 years$18,192$17,500$16,839$16,206$15,601$14,096
5 years$14,408$13,720$13,067$12,448$11,860$10,418
6 years$11,887$11,204$10,560$9,955$9,384$8,007
7 years$10,086$9,409$8,776$8,184$7,632$6,319
8 years$8,736$8,065$7,443$6,866$6,331$5,083
9 years$7,687$7,022$6,410$5,848$5,332$4,146
10 years$6,848$6,190$5,589$5,041$4,543$3,419
11 years$6,162$5,510$4,920$4,387$3,907$2,844
12 years$5,591$4,946$4,366$3,848$3,386$2,382
13 years$5,108$4,470$3,901$3,397$2,953$2,005
14 years$4,694$4,063$3,505$3,016$2,588$1,696
15 years$4,336$3,711$3,165$2,690$2,279$1,440
16 years$4,023$3,405$2,869$2,408$2,014$1,226
17 years$3,747$3,136$2,611$2,164$1,786$1,047
18 years$3,502$2,898$2,383$1,950$1,588$896
19 years$3,283$2,686$2,182$1,762$1,415$768
20 years$3,086$2,496$2,002$1,596$1,264$659
21 years$2,908$2,325$1,842$1,448$1,131$567
22 years$2,747$2,170$1,698$1,317$1,014$488
23 years$2,599$2,029$1,567$1,199$910$420
24 years$2,465$1,901$1,450$1,094$818$362
25 years$2,341$1,784$1,343$999$736$312
26 years$2,227$1,677$1,245$913$663$270
27 years$2,121$1,578$1,156$836$598$233
28 years$2,024$1,487$1,075$766$539$201
29 years$1,933$1,403$1,000$702$487$174
30 years$1,848$1,325$932$645$440$150
31 years$1,769$1,253$869$592$398$130
32 years$1,695$1,185$810$544$360$113
33 years$1,626$1,122$757$500$326$97
34 years$1,561$1,064$707$460$295$84
35 years$1,500$1,009$661$424$267$73
36 years$1,442$958$618$390$242$63
37 years$1,388$910$579$360$219$55
38 years$1,336$864$542$331$199$47
39 years$1,288$822$508$306$180$41
40 years$1,241$782$476$282$164$36
41 years$1,198$744$446$260$148$31
42 years$1,156$709$419$240$135$27
43 years$1,116$676$393$222$122$23
44 years$1,079$644$369$205$111$20
45 years$1,043$614$346$189$101$17
46 years$1,009$586$325$175$91$15
47 years$976$559$306$161$83$13
48 years$945$534$287$149$75$11
49 years$915$510$270$138$68$10
50 years$887$487$254$127$62$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $908,000, adding $2,502 every year, while hoping to spend $44,866 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: 47/35/18 Blend
53$908,000$908,000$908,000$908,000
54$1,003,197$955,073$940,999$1,045,121
55$1,057,786$954,134$924,785$1,073,613
56$1,116,439$951,646$906,525$1,099,788
57$1,179,524$947,485$886,101$1,127,246
58$1,247,444$941,520$863,394$1,156,123
59$1,320,641$933,612$838,276$1,186,576
60$1,399,602$923,615$810,613$1,218,778
61$1,484,861$911,371$780,268$1,252,921
62$1,577,005$896,717$747,096$1,289,224
63$1,676,679$879,476$710,943$1,327,927
64$1,784,593$859,463$671,653$1,369,300
65$1,901,527$836,482$629,058$1,413,644
66$2,028,337$810,324$582,986$1,461,295
67$2,165,966$780,769$533,255$1,512,627
68$2,315,453$747,584$479,677$1,568,056
69$2,477,936$710,523$422,053$1,628,046
70$2,654,671$669,324$360,178$1,693,113
71$2,847,039$623,713$293,835$1,763,830
72$3,056,559$573,396$222,800$1,840,836
73$3,284,902$518,067$146,838$1,924,840
74$3,533,908$457,398$65,703$2,016,629
75$3,805,602$391,046$0$2,117,078
76$4,102,212$318,646$0$2,231,169
77$4,426,193$239,815$0$2,369,698
78$4,780,244$154,146$0$2,521,280
79$5,167,341$61,210$0$2,687,298
80$5,590,755$0$0$2,869,283
81$6,054,093$0$0$3,084,115
82$6,561,323$0$0$3,345,207
83$7,116,817$0$0$3,631,244
84$7,725,388$0$0$3,944,720
85$8,392,336$0$0$4,288,378
86$9,123,501$0$0$4,665,239
87$9,925,311$0$0$5,078,633
88$10,804,849$0$0$5,532,225
89$11,769,915$0$0$6,030,054
90$12,829,102$0$0$6,576,569
91$13,991,874$0$0$7,176,668
92$15,268,656$0$0$7,835,751
93$16,670,932$0$0$8,559,762
94$18,211,354$0$0$9,355,252
95$19,903,858$0$0$10,229,438
96$21,763,799$0$0$11,190,270
97$23,808,090$0$0$12,246,505
98$26,055,368$0$0$13,407,793
99$28,526,162$0$0$14,684,765
100$31,243,090$0$0$16,089,134