Can I retire at age 54 with 908,000?

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 $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%13.8%
1 years$74,982$74,314$73,662$73,026$72,405$71,264
2 years$37,120$36,428$35,758$35,109$34,479$33,332
3 years$24,501$23,806$23,138$22,495$21,875$20,758
4 years$18,192$17,500$16,839$16,206$15,601$14,524
5 years$14,408$13,720$13,067$12,448$11,860$10,824
6 years$11,887$11,204$10,560$9,955$9,384$8,391
7 years$10,086$9,409$8,776$8,184$7,632$6,682
8 years$8,736$8,065$7,443$6,866$6,331$5,425
9 years$7,687$7,022$6,410$5,848$5,332$4,468
10 years$6,848$6,190$5,589$5,041$4,543$3,721
11 years$6,162$5,510$4,920$4,387$3,907$3,127
12 years$5,591$4,946$4,366$3,848$3,386$2,645
13 years$5,108$4,470$3,901$3,397$2,953$2,251
14 years$4,694$4,063$3,505$3,016$2,588$1,925
15 years$4,336$3,711$3,165$2,690$2,279$1,652
16 years$4,023$3,405$2,869$2,408$2,014$1,423
17 years$3,747$3,136$2,611$2,164$1,786$1,229
18 years$3,502$2,898$2,383$1,950$1,588$1,064
19 years$3,283$2,686$2,182$1,762$1,415$923
20 years$3,086$2,496$2,002$1,596$1,264$802
21 years$2,908$2,325$1,842$1,448$1,131$697
22 years$2,747$2,170$1,698$1,317$1,014$608
23 years$2,599$2,029$1,567$1,199$910$530
24 years$2,465$1,901$1,450$1,094$818$463
25 years$2,341$1,784$1,343$999$736$404
26 years$2,227$1,677$1,245$913$663$354
27 years$2,121$1,578$1,156$836$598$309
28 years$2,024$1,487$1,075$766$539$271
29 years$1,933$1,403$1,000$702$487$237
30 years$1,848$1,325$932$645$440$208
31 years$1,769$1,253$869$592$398$182
32 years$1,695$1,185$810$544$360$160
33 years$1,626$1,122$757$500$326$140
34 years$1,561$1,064$707$460$295$123
35 years$1,500$1,009$661$424$267$108
36 years$1,442$958$618$390$242$95
37 years$1,388$910$579$360$219$83
38 years$1,336$864$542$331$199$73
39 years$1,288$822$508$306$180$64
40 years$1,241$782$476$282$164$56
41 years$1,198$744$446$260$148$49
42 years$1,156$709$419$240$135$43
43 years$1,116$676$393$222$122$38
44 years$1,079$644$369$205$111$33
45 years$1,043$614$346$189$101$29
46 years$1,009$586$325$175$91$26
47 years$976$559$306$161$83$23
48 years$945$534$287$149$75$20
49 years$915$510$270$138$68$17
50 years$887$487$254$127$62$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $908,000, adding $5,640 every year, while hoping to spend $47,856 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: 45/26/29 Blend
53$908,000$908,000$908,000$908,000
54$1,006,434$958,310$944,236$1,043,064
55$1,058,171$954,348$924,949$1,065,738
56$1,113,583$948,589$903,413$1,085,300
57$1,172,991$940,893$879,500$1,105,608
58$1,236,753$931,114$853,080$1,126,759
59$1,305,258$919,094$824,014$1,148,861
60$1,378,935$904,671$792,160$1,172,040
61$1,458,254$887,667$757,364$1,196,436
62$1,543,731$867,898$719,472$1,222,208
63$1,635,935$845,168$678,317$1,249,534
64$1,735,487$819,269$633,728$1,278,614
65$1,843,074$789,979$585,524$1,309,676
66$1,959,447$757,068$533,519$1,342,972
67$2,085,434$720,288$477,515$1,378,787
68$2,221,945$679,379$417,309$1,417,439
69$2,369,979$634,064$352,685$1,459,285
70$2,530,637$584,054$283,420$1,504,725
71$2,705,128$529,038$209,280$1,554,204
72$2,894,783$468,693$130,023$1,608,221
73$3,101,065$402,673$45,393$1,667,331
74$3,325,585$330,615$0$1,732,154
75$3,570,114$252,135$0$1,817,282
76$3,836,603$166,827$0$1,925,477
77$4,127,198$74,262$0$2,043,625
78$4,444,259$0$0$2,172,773
79$4,790,388$0$0$2,321,521
80$5,168,446$0$0$2,507,298
81$5,581,583$0$0$2,710,417
82$6,033,267$0$0$2,932,596
83$6,527,318$0$0$3,175,728
84$7,067,939$0$0$3,441,895
85$7,659,761$0$0$3,733,393
86$8,307,883$0$0$4,052,746
87$9,017,917$0$0$4,402,737
88$9,796,048$0$0$4,786,431
89$10,649,085$0$0$5,207,202
90$11,584,527$0$0$5,668,767
91$12,610,636$0$0$6,175,220
92$13,736,509$0$0$6,731,071
93$14,972,168$0$0$7,341,287
94$16,328,652$0$0$8,011,340
95$17,818,122$0$0$8,747,258
96$19,453,971$0$0$9,555,680
97$21,250,957$0$0$10,443,922
98$23,225,334$0$0$11,420,041
99$25,395,012$0$0$12,492,916
100$27,779,719$0$0$13,672,328