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%19.2%
1 years$75,064$74,396$73,743$73,107$72,485$69,802
2 years$37,161$36,468$35,798$35,147$34,517$31,844
3 years$24,528$23,833$23,164$22,519$21,899$19,320
4 years$18,212$17,519$16,857$16,224$15,618$13,154
5 years$14,424$13,735$13,082$12,462$11,873$9,529
6 years$11,900$11,216$10,572$9,966$9,395$7,173
7 years$10,097$9,419$8,785$8,193$7,640$5,540
8 years$8,746$8,074$7,451$6,873$6,338$4,357
9 years$7,695$7,030$6,417$5,854$5,338$3,474
10 years$6,855$6,196$5,595$5,047$4,548$2,797
11 years$6,169$5,516$4,926$4,392$3,912$2,270
12 years$5,597$4,951$4,371$3,852$3,390$1,854
13 years$5,113$4,474$3,905$3,401$2,956$1,522
14 years$4,699$4,067$3,509$3,019$2,591$1,254
15 years$4,341$3,715$3,168$2,692$2,281$1,036
16 years$4,027$3,409$2,872$2,411$2,016$858
17 years$3,751$3,139$2,614$2,166$1,788$713
18 years$3,506$2,901$2,386$1,952$1,590$593
19 years$3,286$2,689$2,184$1,764$1,417$494
20 years$3,089$2,498$2,005$1,598$1,266$412
21 years$2,911$2,327$1,844$1,450$1,133$344
22 years$2,750$2,172$1,699$1,318$1,015$287
23 years$2,602$2,032$1,569$1,201$911$240
24 years$2,467$1,904$1,451$1,095$819$201
25 years$2,344$1,786$1,344$1,000$737$168
26 years$2,229$1,679$1,247$914$664$141
27 years$2,124$1,580$1,158$837$599$118
28 years$2,026$1,489$1,076$767$540$99
29 years$1,935$1,405$1,001$703$488$83
30 years$1,850$1,326$933$645$441$69
31 years$1,771$1,254$870$593$398$58
32 years$1,697$1,187$811$545$360$49
33 years$1,628$1,124$758$501$326$41
34 years$1,563$1,065$708$461$295$34
35 years$1,501$1,010$662$424$267$29
36 years$1,444$959$619$391$242$24
37 years$1,389$911$579$360$220$20
38 years$1,338$865$543$332$199$17
39 years$1,289$823$508$306$181$14
40 years$1,243$783$476$282$164$12
41 years$1,199$745$447$260$149$10
42 years$1,157$710$419$240$135$8
43 years$1,118$676$393$222$122$7
44 years$1,080$645$369$205$111$6
45 years$1,044$615$347$189$101$5
46 years$1,010$586$326$175$92$4
47 years$977$560$306$161$83$3
48 years$946$534$287$149$75$3
49 years$916$510$270$138$69$2
50 years$888$487$254$127$62$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $909,000, adding $4,330 every year, while hoping to spend $25,962 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: 81/5/14 Blend
53$909,000$909,000$909,000$909,000
54$1,006,184$958,007$943,918$1,084,562
55$1,081,192$977,326$947,916$1,155,988
56$1,162,980$996,722$951,177$1,230,561
57$1,252,213$1,016,170$953,651$1,311,670
58$1,349,622$1,035,646$955,281$1,399,960
59$1,456,011$1,055,120$956,011$1,496,138
60$1,572,267$1,074,564$955,781$1,600,986
61$1,699,366$1,093,945$954,526$1,715,362
62$1,838,380$1,113,227$952,182$1,840,215
63$1,990,492$1,132,373$948,678$1,976,588
64$2,157,005$1,151,342$943,941$2,125,631
65$2,339,352$1,170,090$937,896$2,288,609
66$2,539,112$1,188,570$930,461$2,466,918
67$2,758,023$1,206,732$921,553$2,662,097
68$2,998,001$1,224,522$911,085$2,875,837
69$3,261,154$1,241,880$898,963$3,110,007
70$3,549,806$1,258,746$885,092$3,366,661
71$3,866,514$1,275,053$869,371$3,648,067
72$4,214,098$1,290,730$851,694$3,956,719
73$4,595,661$1,305,701$831,951$4,295,371
74$5,014,623$1,319,884$810,026$4,667,053
75$5,474,750$1,333,194$785,797$5,075,105
76$5,980,192$1,345,539$759,139$5,523,208
77$6,535,521$1,356,819$729,919$6,015,419
78$7,145,771$1,366,930$697,999$6,556,207
79$7,816,491$1,375,761$663,233$7,150,498
80$8,553,793$1,383,194$625,472$7,803,719
81$9,364,410$1,389,101$584,555$8,521,851
82$10,255,762$1,393,348$540,320$9,311,486
83$11,236,021$1,395,794$492,592$10,179,888
84$12,314,193$1,396,285$441,191$11,135,061
85$13,500,199$1,394,662$385,930$12,185,825
86$14,804,972$1,390,753$326,611$13,341,901
87$16,240,556$1,384,376$263,029$14,614,002
88$17,820,222$1,375,340$194,970$16,013,933
89$19,558,592$1,363,440$122,209$17,554,703
90$21,471,779$1,348,458$44,513$19,250,648
91$23,577,534$1,330,166$0$21,117,568
92$25,895,419$1,308,321$0$23,178,610
93$28,446,986$1,282,663$0$25,454,694
94$31,255,986$1,252,921$0$27,960,348
95$34,348,587$1,218,805$0$30,718,916
96$37,753,625$1,180,009$0$33,756,121
97$41,502,874$1,136,208$0$37,100,307
98$45,631,345$1,087,060$0$40,782,709
99$50,177,618$1,032,201$0$44,837,745
100$55,184,205$971,249$0$49,303,340