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%17.6%
1 years$75,064$74,396$73,743$73,107$72,485$70,249
2 years$37,161$36,468$35,798$35,147$34,517$32,284
3 years$24,528$23,833$23,164$22,519$21,899$19,739
4 years$18,212$17,519$16,857$16,224$15,618$13,548
5 years$14,424$13,735$13,082$12,462$11,873$9,897
6 years$11,900$11,216$10,572$9,966$9,395$7,515
7 years$10,097$9,419$8,785$8,193$7,640$5,858
8 years$8,746$8,074$7,451$6,873$6,338$4,651
9 years$7,695$7,030$6,417$5,854$5,338$3,744
10 years$6,855$6,196$5,595$5,047$4,548$3,046
11 years$6,169$5,516$4,926$4,392$3,912$2,498
12 years$5,597$4,951$4,371$3,852$3,390$2,062
13 years$5,113$4,474$3,905$3,401$2,956$1,711
14 years$4,699$4,067$3,509$3,019$2,591$1,425
15 years$4,341$3,715$3,168$2,692$2,281$1,191
16 years$4,027$3,409$2,872$2,411$2,016$999
17 years$3,751$3,139$2,614$2,166$1,788$839
18 years$3,506$2,901$2,386$1,952$1,590$706
19 years$3,286$2,689$2,184$1,764$1,417$595
20 years$3,089$2,498$2,005$1,598$1,266$503
21 years$2,911$2,327$1,844$1,450$1,133$425
22 years$2,750$2,172$1,699$1,318$1,015$359
23 years$2,602$2,032$1,569$1,201$911$304
24 years$2,467$1,904$1,451$1,095$819$258
25 years$2,344$1,786$1,344$1,000$737$219
26 years$2,229$1,679$1,247$914$664$185
27 years$2,124$1,580$1,158$837$599$157
28 years$2,026$1,489$1,076$767$540$133
29 years$1,935$1,405$1,001$703$488$113
30 years$1,850$1,326$933$645$441$96
31 years$1,771$1,254$870$593$398$82
32 years$1,697$1,187$811$545$360$69
33 years$1,628$1,124$758$501$326$59
34 years$1,563$1,065$708$461$295$50
35 years$1,501$1,010$662$424$267$43
36 years$1,444$959$619$391$242$36
37 years$1,389$911$579$360$220$31
38 years$1,338$865$543$332$199$26
39 years$1,289$823$508$306$181$22
40 years$1,243$783$476$282$164$19
41 years$1,199$745$447$260$149$16
42 years$1,157$710$419$240$135$14
43 years$1,118$676$393$222$122$12
44 years$1,080$645$369$205$111$10
45 years$1,044$615$347$189$101$8
46 years$1,010$586$326$175$92$7
47 years$977$560$306$161$83$6
48 years$946$534$287$149$75$5
49 years$916$510$270$138$69$4
50 years$888$487$254$127$62$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $909,000, adding $2,702 every year, while hoping to spend $22,902 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: 72/16/12 Blend
53$909,000$909,000$909,000$909,000
54$1,004,505$956,328$942,239$1,074,143
55$1,082,597$978,821$949,436$1,143,089
56$1,167,887$1,001,648$956,107$1,215,485
57$1,261,084$1,024,802$962,210$1,294,142
58$1,362,971$1,048,273$967,700$1,379,674
59$1,474,409$1,072,053$972,532$1,472,755
60$1,596,343$1,096,128$976,657$1,574,129
61$1,729,819$1,120,487$980,024$1,684,616
62$1,875,985$1,145,115$982,579$1,805,119
63$2,036,106$1,169,996$984,265$1,936,632
64$2,211,575$1,195,113$985,025$2,080,250
65$2,403,928$1,220,445$984,795$2,237,181
66$2,614,854$1,245,973$983,511$2,408,752
67$2,846,214$1,271,671$981,105$2,596,430
68$3,100,060$1,297,515$977,504$2,801,827
69$3,378,650$1,323,476$972,633$3,026,723
70$3,684,470$1,349,525$966,415$3,273,075
71$4,020,262$1,375,628$958,766$3,543,042
72$4,389,044$1,401,749$949,600$3,839,004
73$4,794,142$1,427,849$938,826$4,163,580
74$5,239,218$1,453,887$926,350$4,519,658
75$5,728,308$1,479,818$912,073$4,910,421
76$6,265,857$1,505,591$895,890$5,339,375
77$6,856,765$1,531,155$877,692$5,810,385
78$7,506,427$1,556,454$857,367$6,327,707
79$8,220,787$1,581,425$834,794$6,896,035
80$9,006,397$1,606,004$809,849$7,520,538
81$9,870,472$1,630,121$782,401$8,206,916
82$10,820,964$1,653,701$752,315$8,961,447
83$11,866,633$1,676,662$719,448$9,791,051
84$13,017,130$1,698,920$683,651$10,703,354
85$14,283,092$1,720,381$644,767$11,706,759
86$15,676,235$1,740,948$602,635$12,810,528
87$17,209,471$1,760,514$557,083$14,024,865
88$18,897,027$1,778,969$507,935$15,361,017
89$20,754,577$1,796,192$455,004$16,831,381
90$22,799,394$1,812,056$398,097$18,449,613
91$25,050,510$1,826,424$337,011$20,230,768
92$27,528,895$1,839,152$271,534$22,191,434
93$30,257,657$1,850,085$201,446$24,349,892
94$33,262,259$1,859,060$126,515$26,726,289
95$36,570,757$1,865,902$46,501$29,342,829
96$40,214,069$1,870,425$0$32,223,978
97$44,226,260$1,872,432$0$35,401,682
98$48,644,871$1,871,714$0$38,907,355
99$53,511,268$1,868,048$0$42,767,820
100$58,871,032$1,861,198$0$47,019,206