Can I retire at age 54 with 910,000?

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 $910,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.4%
1 years$75,147$74,478$73,825$73,187$72,565$71,539
2 years$37,201$36,509$35,837$35,186$34,555$33,524
3 years$24,555$23,859$23,189$22,544$21,923$20,918
4 years$18,232$17,539$16,876$16,242$15,636$14,665
5 years$14,440$13,751$13,096$12,475$11,886$10,952
6 years$11,913$11,228$10,584$9,977$9,405$8,509
7 years$10,108$9,430$8,795$8,202$7,649$6,791
8 years$8,755$8,083$7,459$6,881$6,345$5,526
9 years$7,704$7,038$6,424$5,861$5,344$4,562
10 years$6,863$6,203$5,601$5,052$4,553$3,809
11 years$6,175$5,522$4,931$4,397$3,916$3,208
12 years$5,603$4,957$4,376$3,857$3,393$2,722
13 years$5,119$4,479$3,910$3,405$2,959$2,322
14 years$4,704$4,072$3,513$3,022$2,594$1,991
15 years$4,345$3,719$3,172$2,695$2,284$1,713
16 years$4,032$3,413$2,876$2,413$2,019$1,480
17 years$3,755$3,143$2,617$2,168$1,790$1,282
18 years$3,510$2,904$2,389$1,954$1,591$1,112
19 years$3,290$2,692$2,187$1,766$1,418$968
20 years$3,093$2,501$2,007$1,599$1,267$843
21 years$2,915$2,330$1,846$1,451$1,134$736
22 years$2,753$2,175$1,701$1,320$1,016$643
23 years$2,605$2,034$1,571$1,202$912$563
24 years$2,470$1,906$1,453$1,096$820$493
25 years$2,346$1,788$1,346$1,001$738$432
26 years$2,232$1,681$1,248$915$665$379
27 years$2,126$1,582$1,159$838$599$333
28 years$2,028$1,491$1,077$768$541$292
29 years$1,937$1,406$1,003$704$488$257
30 years$1,852$1,328$934$646$441$226
31 years$1,773$1,255$871$593$399$198
32 years$1,699$1,188$812$545$361$175
33 years$1,630$1,125$758$501$326$154
34 years$1,564$1,066$709$461$296$135
35 years$1,503$1,011$662$425$268$119
36 years$1,445$960$620$391$243$105
37 years$1,391$912$580$360$220$92
38 years$1,339$866$543$332$199$81
39 years$1,290$824$509$306$181$72
40 years$1,244$784$477$283$164$63
41 years$1,200$746$447$261$149$56
42 years$1,159$711$420$241$135$49
43 years$1,119$677$394$222$122$43
44 years$1,081$645$370$205$111$38
45 years$1,045$615$347$189$101$34
46 years$1,011$587$326$175$92$30
47 years$978$560$306$162$83$26
48 years$947$535$288$149$76$23
49 years$917$511$270$138$69$20
50 years$888$488$254$128$62$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $910,000, adding $2,394 every year, while hoping to spend $51,122 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: 32/44/24 Blend
53$910,000$910,000$910,000$910,000
54$1,005,289$957,059$942,954$1,029,982
55$1,053,436$949,562$920,150$1,041,383
56$1,104,779$939,984$894,868$1,048,903
57$1,159,592$928,169$866,972$1,055,970
58$1,218,174$913,952$836,318$1,062,576
59$1,280,850$897,158$802,757$1,068,720
60$1,347,979$877,601$766,132$1,074,402
61$1,419,955$855,085$726,280$1,079,630
62$1,497,208$829,403$683,028$1,084,419
63$1,580,213$800,332$636,199$1,088,789
64$1,669,488$767,642$585,605$1,092,770
65$1,765,603$731,085$531,051$1,096,400
66$1,869,187$690,400$472,333$1,099,730
67$1,980,926$645,311$409,238$1,102,823
68$2,101,576$595,527$341,543$1,105,754
69$2,231,968$540,740$269,016$1,108,618
70$2,373,016$480,623$191,415$1,111,526
71$2,525,722$414,832$108,486$1,114,610
72$2,691,190$343,002$19,964$1,118,025
73$2,870,632$264,751$0$1,121,954
74$3,065,383$179,670$0$1,145,687
75$3,276,911$87,332$0$1,177,087
76$3,506,828$0$0$1,211,394
77$3,756,910$0$0$1,255,172
78$4,029,111$0$0$1,348,966
79$4,325,579$0$0$1,451,249
80$4,648,681$0$0$1,562,853
81$5,001,019$0$0$1,684,693
82$5,385,457$0$0$1,817,777
83$5,805,150$0$0$1,963,215
84$6,263,568$0$0$2,122,228
85$6,764,534$0$0$2,296,162
86$7,312,253$0$0$2,486,497
87$7,911,358$0$0$2,694,865
88$8,566,950$0$0$2,923,060
89$9,284,644$0$0$3,173,061
90$10,070,624$0$0$3,447,046
91$10,931,702$0$0$3,747,412
92$11,875,376$0$0$4,076,801
93$12,909,907$0$0$4,438,124
94$14,044,392$0$0$4,834,585
95$15,288,852$0$0$5,269,713
96$16,654,322$0$0$5,747,397
97$18,152,960$0$0$6,271,921
98$19,798,156$0$0$6,848,002
99$21,604,659$0$0$7,480,839
100$23,588,719$0$0$8,176,156