Can I retire at age 54 with 910,000?

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 $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%14.8%
1 years$75,147$74,478$73,825$73,187$72,565$71,129
2 years$37,201$36,509$35,837$35,186$34,555$33,114
3 years$24,555$23,859$23,189$22,544$21,923$20,522
4 years$18,232$17,539$16,876$16,242$15,636$14,286
5 years$14,440$13,751$13,096$12,475$11,886$10,591
6 years$11,913$11,228$10,584$9,977$9,405$8,167
7 years$10,108$9,430$8,795$8,202$7,649$6,467
8 years$8,755$8,083$7,459$6,881$6,345$5,220
9 years$7,704$7,038$6,424$5,861$5,344$4,274
10 years$6,863$6,203$5,601$5,052$4,553$3,538
11 years$6,175$5,522$4,931$4,397$3,916$2,954
12 years$5,603$4,957$4,376$3,857$3,393$2,483
13 years$5,119$4,479$3,910$3,405$2,959$2,099
14 years$4,704$4,072$3,513$3,022$2,594$1,783
15 years$4,345$3,719$3,172$2,695$2,284$1,520
16 years$4,032$3,413$2,876$2,413$2,019$1,300
17 years$3,755$3,143$2,617$2,168$1,790$1,114
18 years$3,510$2,904$2,389$1,954$1,591$958
19 years$3,290$2,692$2,187$1,766$1,418$824
20 years$3,093$2,501$2,007$1,599$1,267$711
21 years$2,915$2,330$1,846$1,451$1,134$614
22 years$2,753$2,175$1,701$1,320$1,016$531
23 years$2,605$2,034$1,571$1,202$912$459
24 years$2,470$1,906$1,453$1,096$820$398
25 years$2,346$1,788$1,346$1,001$738$345
26 years$2,232$1,681$1,248$915$665$299
27 years$2,126$1,582$1,159$838$599$260
28 years$2,028$1,491$1,077$768$541$225
29 years$1,937$1,406$1,003$704$488$196
30 years$1,852$1,328$934$646$441$170
31 years$1,773$1,255$871$593$399$148
32 years$1,699$1,188$812$545$361$129
33 years$1,630$1,125$758$501$326$112
34 years$1,564$1,066$709$461$296$97
35 years$1,503$1,011$662$425$268$85
36 years$1,445$960$620$391$243$74
37 years$1,391$912$580$360$220$64
38 years$1,339$866$543$332$199$56
39 years$1,290$824$509$306$181$49
40 years$1,244$784$477$283$164$42
41 years$1,200$746$447$261$149$37
42 years$1,159$711$420$241$135$32
43 years$1,119$677$394$222$122$28
44 years$1,081$645$370$205$111$24
45 years$1,045$615$347$189$101$21
46 years$1,011$587$326$175$92$18
47 years$978$560$306$162$83$16
48 years$947$535$288$149$76$14
49 years$917$511$270$138$69$12
50 years$888$488$254$128$62$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $910,000, adding $5,408 every year, while hoping to spend $50,941 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: 36/36/28 Blend
53$910,000$910,000$910,000$910,000
54$1,008,398$960,168$946,063$1,036,066
55$1,057,054$953,016$923,556$1,049,965
56$1,108,966$943,805$898,587$1,059,964
57$1,164,411$932,383$871,020$1,069,782
58$1,223,695$918,583$840,713$1,079,435
59$1,287,152$902,234$807,518$1,088,949
60$1,355,149$883,151$771,277$1,098,354
61$1,428,088$861,140$731,829$1,107,690
62$1,506,410$835,993$689,002$1,117,003
63$1,590,600$807,492$642,620$1,126,353
64$1,681,189$775,407$592,495$1,135,810
65$1,778,761$739,493$538,435$1,145,456
66$1,883,958$699,491$480,235$1,155,389
67$1,997,483$655,127$417,684$1,165,726
68$2,120,110$606,113$350,561$1,176,598
69$2,252,690$552,141$278,633$1,188,162
70$2,396,158$492,890$201,661$1,200,596
71$2,551,541$428,016$119,391$1,214,107
72$2,719,968$357,159$31,561$1,228,930
73$2,902,683$279,937$0$1,245,334
74$3,101,050$195,948$0$1,282,200
75$3,316,574$104,766$0$1,332,574
76$3,550,906$5,941$0$1,387,502
77$3,805,865$0$0$1,447,525
78$4,083,452$0$0$1,553,258
79$4,385,869$0$0$1,671,131
80$4,715,539$0$0$1,799,749
81$5,075,127$0$0$1,940,168
82$5,467,570$0$0$2,093,551
83$5,896,097$0$0$2,261,177
84$6,364,265$0$0$2,444,454
85$6,875,990$0$0$2,644,934
86$7,435,581$0$0$2,864,323
87$8,047,786$0$0$3,104,503
88$8,717,829$0$0$3,367,544
89$9,451,465$0$0$3,655,726
90$10,255,032$0$0$3,971,560
91$11,135,507$0$0$4,317,812
92$12,100,576$0$0$4,697,529
93$13,158,703$0$0$5,114,064
94$14,319,211$0$0$5,571,114
95$15,592,369$0$0$6,072,748
96$16,989,484$0$0$6,623,451
97$18,523,017$0$0$7,228,161
98$20,206,689$0$0$7,892,318
99$22,055,617$0$0$8,621,916
100$24,086,453$0$0$9,423,557