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%14.7%
1 years$75,147$74,478$73,825$73,187$72,565$71,158
2 years$37,201$36,509$35,837$35,186$34,555$33,143
3 years$24,555$23,859$23,189$22,544$21,923$20,550
4 years$18,232$17,539$16,876$16,242$15,636$14,313
5 years$14,440$13,751$13,096$12,475$11,886$10,617
6 years$11,913$11,228$10,584$9,977$9,405$8,191
7 years$10,108$9,430$8,795$8,202$7,649$6,490
8 years$8,755$8,083$7,459$6,881$6,345$5,241
9 years$7,704$7,038$6,424$5,861$5,344$4,294
10 years$6,863$6,203$5,601$5,052$4,553$3,556
11 years$6,175$5,522$4,931$4,397$3,916$2,971
12 years$5,603$4,957$4,376$3,857$3,393$2,499
13 years$5,119$4,479$3,910$3,405$2,959$2,114
14 years$4,704$4,072$3,513$3,022$2,594$1,797
15 years$4,345$3,719$3,172$2,695$2,284$1,533
16 years$4,032$3,413$2,876$2,413$2,019$1,312
17 years$3,755$3,143$2,617$2,168$1,790$1,125
18 years$3,510$2,904$2,389$1,954$1,591$968
19 years$3,290$2,692$2,187$1,766$1,418$834
20 years$3,093$2,501$2,007$1,599$1,267$720
21 years$2,915$2,330$1,846$1,451$1,134$622
22 years$2,753$2,175$1,701$1,320$1,016$538
23 years$2,605$2,034$1,571$1,202$912$466
24 years$2,470$1,906$1,453$1,096$820$404
25 years$2,346$1,788$1,346$1,001$738$351
26 years$2,232$1,681$1,248$915$665$304
27 years$2,126$1,582$1,159$838$599$264
28 years$2,028$1,491$1,077$768$541$230
29 years$1,937$1,406$1,003$704$488$200
30 years$1,852$1,328$934$646$441$174
31 years$1,773$1,255$871$593$399$151
32 years$1,699$1,188$812$545$361$132
33 years$1,630$1,125$758$501$326$114
34 years$1,564$1,066$709$461$296$100
35 years$1,503$1,011$662$425$268$87
36 years$1,445$960$620$391$243$76
37 years$1,391$912$580$360$220$66
38 years$1,339$866$543$332$199$57
39 years$1,290$824$509$306$181$50
40 years$1,244$784$477$283$164$44
41 years$1,200$746$447$261$149$38
42 years$1,159$711$420$241$135$33
43 years$1,119$677$394$222$122$29
44 years$1,081$645$370$205$111$25
45 years$1,045$615$347$189$101$22
46 years$1,011$587$326$175$92$19
47 years$978$560$306$162$83$17
48 years$947$535$288$149$76$14
49 years$917$511$270$138$69$13
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 $6,325 every year, while hoping to spend $54,464 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: 46/32/22 Blend
53$910,000$910,000$910,000$910,000
54$1,009,344$961,114$947,009$1,049,149
55$1,054,348$950,260$920,785$1,066,867
56$1,102,117$937,048$891,856$1,080,197
57$1,152,875$921,305$860,076$1,093,549
58$1,206,869$902,850$825,289$1,106,950
59$1,264,366$881,486$787,333$1,120,436
60$1,325,662$857,009$746,039$1,134,047
61$1,391,078$829,201$701,230$1,147,834
62$1,460,968$797,832$652,721$1,161,857
63$1,535,719$762,658$600,319$1,176,187
64$1,615,755$723,421$543,822$1,190,905
65$1,701,541$679,848$483,020$1,206,110
66$1,793,588$631,650$417,691$1,221,912
67$1,892,457$578,524$347,606$1,238,441
68$1,998,762$520,146$272,526$1,255,847
69$2,113,178$456,175$192,198$1,274,300
70$2,236,447$386,253$106,361$1,293,997
71$2,369,382$309,997$14,742$1,315,159
72$2,512,879$227,006$0$1,338,040
73$2,667,919$136,856$0$1,382,421
74$2,835,584$39,099$0$1,434,096
75$3,017,059$0$0$1,490,044
76$3,213,651$0$0$1,574,259
77$3,426,794$0$0$1,680,579
78$3,658,067$0$0$1,796,035
79$3,909,204$0$0$1,921,505
80$4,182,114$0$0$2,057,954
81$4,478,898$0$0$2,206,445
82$4,801,865$0$0$2,368,148
83$5,153,557$0$0$2,544,348
84$5,536,772$0$0$2,736,462
85$5,954,588$0$0$2,946,049
86$6,410,393$0$0$3,174,824
87$6,907,915$0$0$3,424,674
88$7,451,261$0$0$3,697,678
89$8,044,947$0$0$3,996,125
90$8,693,950$0$0$4,322,534
91$9,403,746$0$0$4,679,678
92$10,180,367$0$0$5,070,614
93$11,030,452$0$0$5,498,704
94$11,961,314$0$0$5,967,651
95$12,981,005$0$0$6,481,536
96$14,098,393$0$0$7,044,850
97$15,323,244$0$0$7,662,542
98$16,666,315$0$0$8,340,060
99$18,139,453$0$0$9,083,408
100$19,755,705$0$0$9,899,195