Can I retire at age 54 with 909,000?

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 $909,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.3%
1 years$75,064$74,396$73,743$73,107$72,485$71,490
2 years$37,161$36,468$35,798$35,147$34,517$33,516
3 years$24,528$23,833$23,164$22,519$21,899$20,924
4 years$18,212$17,519$16,857$16,224$15,618$14,676
5 years$14,424$13,735$13,082$12,462$11,873$10,967
6 years$11,900$11,216$10,572$9,966$9,395$8,525
7 years$10,097$9,419$8,785$8,193$7,640$6,808
8 years$8,746$8,074$7,451$6,873$6,338$5,543
9 years$7,695$7,030$6,417$5,854$5,338$4,579
10 years$6,855$6,196$5,595$5,047$4,548$3,825
11 years$6,169$5,516$4,926$4,392$3,912$3,224
12 years$5,597$4,951$4,371$3,852$3,390$2,736
13 years$5,113$4,474$3,905$3,401$2,956$2,336
14 years$4,699$4,067$3,509$3,019$2,591$2,004
15 years$4,341$3,715$3,168$2,692$2,281$1,726
16 years$4,027$3,409$2,872$2,411$2,016$1,492
17 years$3,751$3,139$2,614$2,166$1,788$1,293
18 years$3,506$2,901$2,386$1,952$1,590$1,123
19 years$3,286$2,689$2,184$1,764$1,417$978
20 years$3,089$2,498$2,005$1,598$1,266$853
21 years$2,911$2,327$1,844$1,450$1,133$745
22 years$2,750$2,172$1,699$1,318$1,015$651
23 years$2,602$2,032$1,569$1,201$911$570
24 years$2,467$1,904$1,451$1,095$819$500
25 years$2,344$1,786$1,344$1,000$737$438
26 years$2,229$1,679$1,247$914$664$385
27 years$2,124$1,580$1,158$837$599$338
28 years$2,026$1,489$1,076$767$540$297
29 years$1,935$1,405$1,001$703$488$261
30 years$1,850$1,326$933$645$441$230
31 years$1,771$1,254$870$593$398$202
32 years$1,697$1,187$811$545$360$178
33 years$1,628$1,124$758$501$326$157
34 years$1,563$1,065$708$461$295$138
35 years$1,501$1,010$662$424$267$122
36 years$1,444$959$619$391$242$107
37 years$1,389$911$579$360$220$95
38 years$1,338$865$543$332$199$83
39 years$1,289$823$508$306$181$74
40 years$1,243$783$476$282$164$65
41 years$1,199$745$447$260$149$57
42 years$1,157$710$419$240$135$50
43 years$1,118$676$393$222$122$44
44 years$1,080$645$369$205$111$39
45 years$1,044$615$347$189$101$35
46 years$1,010$586$326$175$92$31
47 years$977$560$306$161$83$27
48 years$946$534$287$149$75$24
49 years$916$510$270$138$69$21
50 years$888$487$254$127$62$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $909,000, adding $5,994 every year, while hoping to spend $30,515 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: 68/22/10 Blend
53$909,000$909,000$909,000$909,000
54$1,007,901$959,724$945,634$1,073,981
55$1,078,239$974,283$944,845$1,133,195
56$1,154,729$988,532$943,007$1,193,697
57$1,237,966$1,002,425$940,053$1,259,060
58$1,328,605$1,015,910$935,911$1,329,756
59$1,427,366$1,028,933$930,508$1,406,305
60$1,535,044$1,041,437$923,766$1,489,280
61$1,652,510$1,053,360$915,604$1,579,312
62$1,780,726$1,064,634$905,937$1,677,098
63$1,920,750$1,075,190$894,675$1,783,404
64$2,073,744$1,084,953$881,725$1,899,076
65$2,240,993$1,093,842$866,989$2,025,047
66$2,423,906$1,101,773$850,365$2,162,343
67$2,624,038$1,108,653$831,745$2,312,098
68$2,843,099$1,114,386$811,018$2,475,558
69$3,082,974$1,118,870$788,066$2,654,101
70$3,345,737$1,121,995$762,767$2,849,244
71$3,633,674$1,123,644$734,991$3,062,658
72$3,949,300$1,123,694$704,605$3,296,187
73$4,295,388$1,122,014$671,468$3,551,864
74$4,674,989$1,118,464$635,433$3,831,927
75$5,091,466$1,112,897$596,348$4,138,848
76$5,548,521$1,105,155$554,052$4,475,348
77$6,050,235$1,095,072$508,377$4,844,429
78$6,601,100$1,082,471$459,149$5,249,398
79$7,206,066$1,067,166$406,185$5,693,904
80$7,870,586$1,048,959$349,293$6,181,967
81$8,600,666$1,027,638$288,274$6,718,018
82$9,402,924$1,002,982$222,921$7,306,945
83$10,284,649$974,755$153,016$7,954,133
84$11,253,873$942,707$78,332$8,665,519
85$12,319,444$906,576$0$9,447,649
86$13,491,109$866,080$0$10,307,885
87$14,779,610$820,925$0$11,262,962
88$16,196,778$770,799$0$12,313,308
89$17,755,652$715,370$0$13,468,617
90$19,470,595$654,290$0$14,739,573
91$21,357,433$587,188$0$16,137,948
92$23,433,606$513,675$0$17,676,722
93$25,718,327$433,338$0$19,370,196
94$28,232,765$345,741$0$21,234,134
95$31,000,248$250,423$0$23,285,909
96$34,046,479$146,899$0$25,544,671
97$37,399,777$34,654$0$28,031,522
98$41,091,349$0$0$30,769,722
99$45,155,580$0$0$33,805,933
100$49,630,360$0$0$37,158,150