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%12%
1 years$74,982$74,314$73,662$73,026$72,405$71,799
2 years$37,120$36,428$35,758$35,109$34,479$33,867
3 years$24,501$23,806$23,138$22,495$21,875$21,277
4 years$18,192$17,500$16,839$16,206$15,601$15,023
5 years$14,408$13,720$13,067$12,448$11,860$11,302
6 years$11,887$11,204$10,560$9,955$9,384$8,847
7 years$10,086$9,409$8,776$8,184$7,632$7,117
8 years$8,736$8,065$7,443$6,866$6,331$5,837
9 years$7,687$7,022$6,410$5,848$5,332$4,859
10 years$6,848$6,190$5,589$5,041$4,543$4,091
11 years$6,162$5,510$4,920$4,387$3,907$3,476
12 years$5,591$4,946$4,366$3,848$3,386$2,975
13 years$5,108$4,470$3,901$3,397$2,953$2,562
14 years$4,694$4,063$3,505$3,016$2,588$2,217
15 years$4,336$3,711$3,165$2,690$2,279$1,926
16 years$4,023$3,405$2,869$2,408$2,014$1,679
17 years$3,747$3,136$2,611$2,164$1,786$1,469
18 years$3,502$2,898$2,383$1,950$1,588$1,288
19 years$3,283$2,686$2,182$1,762$1,415$1,132
20 years$3,086$2,496$2,002$1,596$1,264$996
21 years$2,908$2,325$1,842$1,448$1,131$879
22 years$2,747$2,170$1,698$1,317$1,014$776
23 years$2,599$2,029$1,567$1,199$910$686
24 years$2,465$1,901$1,450$1,094$818$608
25 years$2,341$1,784$1,343$999$736$538
26 years$2,227$1,677$1,245$913$663$478
27 years$2,121$1,578$1,156$836$598$424
28 years$2,024$1,487$1,075$766$539$377
29 years$1,933$1,403$1,000$702$487$335
30 years$1,848$1,325$932$645$440$298
31 years$1,769$1,253$869$592$398$265
32 years$1,695$1,185$810$544$360$236
33 years$1,626$1,122$757$500$326$210
34 years$1,561$1,064$707$460$295$187
35 years$1,500$1,009$661$424$267$166
36 years$1,442$958$618$390$242$148
37 years$1,388$910$579$360$219$132
38 years$1,336$864$542$331$199$118
39 years$1,288$822$508$306$180$105
40 years$1,241$782$476$282$164$94
41 years$1,198$744$446$260$148$83
42 years$1,156$709$419$240$135$74
43 years$1,116$676$393$222$122$66
44 years$1,079$644$369$205$111$59
45 years$1,043$614$346$189$101$53
46 years$1,009$586$325$175$91$47
47 years$976$559$306$161$83$42
48 years$945$534$287$149$75$38
49 years$915$510$270$138$68$34
50 years$887$487$254$127$62$30

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $908,000, adding $5,275 every year, while hoping to spend $27,638 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: 57/27/16 Blend
53$908,000$908,000$908,000$908,000
54$1,006,057$957,933$943,859$1,058,919
55$1,079,268$975,465$946,072$1,112,911
56$1,159,021$992,930$947,432$1,168,250
57$1,245,953$1,010,295$947,883$1,227,921
58$1,340,766$1,027,526$947,363$1,292,347
59$1,444,233$1,044,584$945,809$1,361,991
60$1,557,206$1,061,429$943,154$1,437,367
61$1,680,620$1,078,018$939,329$1,519,037
62$1,815,506$1,094,304$934,260$1,607,625
63$1,963,000$1,110,238$927,870$1,703,816
64$2,124,351$1,125,765$920,079$1,808,367
65$2,300,936$1,140,828$910,802$1,922,113
66$2,494,269$1,155,366$899,951$2,045,974
67$2,706,019$1,169,313$887,434$2,180,963
68$2,938,023$1,182,600$873,154$2,328,199
69$3,192,306$1,195,152$857,009$2,488,916
70$3,471,096$1,206,889$838,893$2,664,473
71$3,776,847$1,217,726$818,695$2,856,371
72$4,112,263$1,227,572$796,300$3,066,261
73$4,480,322$1,236,332$771,584$3,295,968
74$4,884,305$1,243,902$744,422$3,547,503
75$5,327,824$1,250,173$714,680$3,823,081
76$5,814,859$1,255,029$682,219$4,125,147
77$6,349,796$1,258,346$646,894$4,456,397
78$6,937,463$1,259,993$608,553$4,819,801
79$7,583,182$1,259,830$567,038$5,218,637
80$8,292,814$1,257,710$522,181$5,656,517
81$9,072,818$1,253,474$473,811$6,137,424
82$9,930,307$1,246,956$421,745$6,665,751
83$10,873,120$1,237,978$365,795$7,246,339
84$11,909,893$1,226,354$305,764$7,884,528
85$13,050,139$1,211,882$241,444$8,586,202
86$14,304,342$1,194,353$172,621$9,357,852
87$15,684,050$1,173,542$99,069$10,206,631
88$17,201,990$1,149,212$20,555$11,140,427
89$18,872,182$1,121,113$0$12,167,937
90$20,710,075$1,088,977$0$13,309,540
91$22,732,690$1,052,524$0$14,569,458
92$24,958,782$1,011,456$0$15,955,873
93$27,409,018$965,458$0$17,481,678
94$30,106,168$914,195$0$19,161,079
95$33,075,322$857,316$0$21,009,739
96$36,344,127$794,446$0$23,044,916
97$39,943,046$725,193$0$25,285,633
98$43,905,648$649,138$0$27,752,859
99$48,268,920$565,842$0$30,469,701
100$53,073,620$474,838$0$33,461,629