Can I retire at age 54 with 909,000?

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 $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%18.4%
1 years$75,064$74,396$73,743$73,107$72,485$70,025
2 years$37,161$36,468$35,798$35,147$34,517$32,063
3 years$24,528$23,833$23,164$22,519$21,899$19,528
4 years$18,212$17,519$16,857$16,224$15,618$13,349
5 years$14,424$13,735$13,082$12,462$11,873$9,711
6 years$11,900$11,216$10,572$9,966$9,395$7,342
7 years$10,097$9,419$8,785$8,193$7,640$5,696
8 years$8,746$8,074$7,451$6,873$6,338$4,502
9 years$7,695$7,030$6,417$5,854$5,338$3,606
10 years$6,855$6,196$5,595$5,047$4,548$2,919
11 years$6,169$5,516$4,926$4,392$3,912$2,382
12 years$5,597$4,951$4,371$3,852$3,390$1,955
13 years$5,113$4,474$3,905$3,401$2,956$1,613
14 years$4,699$4,067$3,509$3,019$2,591$1,337
15 years$4,341$3,715$3,168$2,692$2,281$1,111
16 years$4,027$3,409$2,872$2,411$2,016$926
17 years$3,751$3,139$2,614$2,166$1,788$773
18 years$3,506$2,901$2,386$1,952$1,590$647
19 years$3,286$2,689$2,184$1,764$1,417$542
20 years$3,089$2,498$2,005$1,598$1,266$455
21 years$2,911$2,327$1,844$1,450$1,133$382
22 years$2,750$2,172$1,699$1,318$1,015$321
23 years$2,602$2,032$1,569$1,201$911$270
24 years$2,467$1,904$1,451$1,095$819$228
25 years$2,344$1,786$1,344$1,000$737$192
26 years$2,229$1,679$1,247$914$664$162
27 years$2,124$1,580$1,158$837$599$136
28 years$2,026$1,489$1,076$767$540$115
29 years$1,935$1,405$1,001$703$488$97
30 years$1,850$1,326$933$645$441$82
31 years$1,771$1,254$870$593$398$69
32 years$1,697$1,187$811$545$360$58
33 years$1,628$1,124$758$501$326$49
34 years$1,563$1,065$708$461$295$41
35 years$1,501$1,010$662$424$267$35
36 years$1,444$959$619$391$242$30
37 years$1,389$911$579$360$220$25
38 years$1,338$865$543$332$199$21
39 years$1,289$823$508$306$181$18
40 years$1,243$783$476$282$164$15
41 years$1,199$745$447$260$149$13
42 years$1,157$710$419$240$135$11
43 years$1,118$676$393$222$122$9
44 years$1,080$645$369$205$111$8
45 years$1,044$615$347$189$101$6
46 years$1,010$586$326$175$92$5
47 years$977$560$306$161$83$5
48 years$946$534$287$149$75$4
49 years$916$510$270$138$69$3
50 years$888$487$254$127$62$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $909,000, adding $5,475 every year, while hoping to spend $27,814 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: 70/24/6 Blend
53$909,000$909,000$909,000$909,000
54$1,007,365$959,188$945,099$1,076,692
55$1,080,523$976,595$947,166$1,140,637
56$1,160,210$993,922$948,370$1,206,624
57$1,247,064$1,011,136$948,653$1,278,057
58$1,341,785$1,028,203$947,953$1,355,462
59$1,445,144$1,045,082$946,207$1,439,422
60$1,557,991$1,061,733$943,347$1,530,576
61$1,681,260$1,078,111$939,302$1,629,631
62$1,815,979$1,094,169$934,000$1,737,363
63$1,963,281$1,109,856$927,361$1,854,628
64$2,124,413$1,125,117$919,305$1,982,370
65$2,300,749$1,139,893$909,747$2,121,627
66$2,493,799$1,154,121$898,598$2,273,546
67$2,705,229$1,167,736$885,764$2,439,386
68$2,936,873$1,180,666$871,147$2,620,540
69$3,190,750$1,192,834$854,646$2,818,540
70$3,469,082$1,204,159$836,153$3,035,072
71$3,774,320$1,214,554$815,556$3,272,000
72$4,109,162$1,223,928$792,737$3,531,372
73$4,476,578$1,232,182$767,575$3,815,448
74$4,879,841$1,239,211$739,941$4,126,720
75$5,322,556$1,244,904$709,701$4,467,932
76$5,808,695$1,249,142$676,714$4,842,109
77$6,342,632$1,251,800$640,834$5,252,584
78$6,929,186$1,252,745$601,908$5,703,033
79$7,573,667$1,251,833$559,775$6,197,505
80$8,281,922$1,248,914$514,269$6,740,464
81$9,060,395$1,243,827$465,214$7,336,828
82$9,916,185$1,236,404$412,428$7,992,020
83$10,857,111$1,226,463$355,720$8,712,014
84$11,891,790$1,213,814$294,890$9,503,399
85$13,029,715$1,198,253$229,732$10,373,431
86$14,281,345$1,179,566$160,026$11,330,112
87$15,658,203$1,157,526$85,548$12,382,261
88$17,172,985$1,131,890$6,059$13,539,595
89$18,839,681$1,102,404$0$14,812,827
90$20,673,704$1,068,798$0$16,218,805
91$22,692,037$1,030,784$0$17,766,241
92$24,913,393$988,061$0$19,469,105
93$27,358,391$940,307$0$21,343,222
94$30,049,749$887,185$0$23,406,031
95$33,012,501$828,334$0$25,676,754
96$36,274,230$763,377$0$28,176,573
97$39,865,331$691,912$0$30,928,834
98$43,819,295$613,516$0$33,959,264
99$48,173,026$527,741$0$37,296,219
100$52,967,189$434,114$0$40,970,949