Can I retire at age 54 with 911,000?

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 $911,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.7%
1 years$75,230$74,559$73,906$73,268$72,644$72,126
2 years$37,242$36,549$35,877$35,225$34,593$34,070
3 years$24,582$23,885$23,214$22,569$21,947$21,436
4 years$18,252$17,558$16,894$16,260$15,653$15,158
5 years$14,456$13,766$13,111$12,489$11,899$11,421
6 years$11,926$11,241$10,595$9,987$9,415$8,955
7 years$10,119$9,440$8,805$8,211$7,657$7,215
8 years$8,765$8,092$7,467$6,888$6,352$5,929
9 years$7,712$7,045$6,431$5,867$5,350$4,944
10 years$6,870$6,210$5,607$5,058$4,558$4,170
11 years$6,182$5,529$4,936$4,402$3,920$3,550
12 years$5,609$4,962$4,381$3,861$3,397$3,044
13 years$5,125$4,484$3,914$3,409$2,962$2,626
14 years$4,710$4,076$3,517$3,026$2,597$2,276
15 years$4,350$3,724$3,175$2,698$2,286$1,982
16 years$4,036$3,416$2,879$2,416$2,021$1,732
17 years$3,759$3,146$2,620$2,171$1,792$1,518
18 years$3,513$2,907$2,391$1,956$1,593$1,334
19 years$3,294$2,694$2,189$1,768$1,420$1,175
20 years$3,096$2,504$2,009$1,601$1,268$1,036
21 years$2,918$2,332$1,848$1,453$1,135$916
22 years$2,756$2,177$1,703$1,321$1,017$811
23 years$2,608$2,036$1,573$1,203$913$719
24 years$2,473$1,908$1,454$1,097$821$638
25 years$2,349$1,790$1,347$1,002$739$566
26 years$2,234$1,683$1,249$916$665$504
27 years$2,128$1,584$1,160$839$600$448
28 years$2,030$1,492$1,078$768$541$399
29 years$1,939$1,408$1,004$705$489$355
30 years$1,854$1,329$935$647$442$317
31 years$1,775$1,257$872$594$399$282
32 years$1,701$1,189$813$546$361$252
33 years$1,631$1,126$759$502$327$225
34 years$1,566$1,067$709$462$296$201
35 years$1,505$1,012$663$425$268$179
36 years$1,447$961$620$392$243$160
37 years$1,392$913$581$361$220$143
38 years$1,341$867$544$333$200$128
39 years$1,292$825$509$307$181$114
40 years$1,245$785$478$283$164$102
41 years$1,202$747$448$261$149$91
42 years$1,160$711$420$241$135$82
43 years$1,120$678$394$222$123$73
44 years$1,082$646$370$205$111$65
45 years$1,046$616$347$190$101$58
46 years$1,012$588$326$175$92$52
47 years$979$561$307$162$83$47
48 years$948$535$288$149$76$42
49 years$918$511$271$138$69$37
50 years$889$488$255$128$62$34

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $911,000, adding $3,404 every year, while hoping to spend $42,311 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: 79/13/8 Blend
53$911,000$911,000$911,000$911,000
54$1,007,433$959,150$945,030$1,085,671
55$1,065,173$961,130$931,670$1,139,453
56$1,127,384$961,789$916,444$1,192,571
57$1,194,478$961,017$899,245$1,249,585
58$1,266,906$958,699$879,962$1,310,864
59$1,345,166$954,710$858,476$1,376,815
60$1,429,803$948,921$834,665$1,447,884
61$1,521,417$941,192$808,400$1,524,564
62$1,620,667$931,376$779,548$1,607,399
63$1,728,279$919,318$747,966$1,696,986
64$1,845,050$904,851$713,510$1,793,986
65$1,971,857$887,801$676,024$1,899,125
66$2,109,665$867,981$635,349$2,013,205
67$2,259,534$845,196$591,317$2,137,109
68$2,422,633$819,236$543,752$2,271,811
69$2,600,245$789,883$492,472$2,418,384
70$2,793,785$756,902$437,284$2,578,012
71$3,004,808$720,047$377,990$2,751,998
72$3,235,025$679,056$314,380$2,941,780
73$3,486,323$633,655$246,237$3,148,945
74$3,760,774$583,550$173,332$3,375,238
75$4,060,663$528,435$95,429$3,622,588
76$4,388,504$467,981$12,279$3,893,117
77$4,747,065$401,846$0$4,189,168
78$5,139,393$329,664$0$4,519,848
79$5,568,845$251,051$0$4,883,020
80$6,039,116$165,601$0$5,280,796
81$6,554,276$72,885$0$5,716,661
82$7,118,805$0$0$6,194,455
83$7,737,640$0$0$6,722,350
84$8,416,218$0$0$7,312,669
85$9,160,524$0$0$7,960,196
86$9,977,153$0$0$8,670,672
87$10,873,370$0$0$9,450,420
88$11,857,175$0$0$10,306,406
89$12,937,383$0$0$11,246,302
90$14,123,700$0$0$12,278,560
91$15,426,824$0$0$13,412,490
92$16,858,534$0$0$14,658,348
93$18,431,812$0$0$16,027,434
94$20,160,956$0$0$17,532,196
95$22,061,719$0$0$19,186,347
96$24,151,458$0$0$21,004,997
97$26,449,291$0$0$23,004,790
98$28,976,287$0$0$25,204,067
99$31,755,655$0$0$27,623,033
100$34,812,969$0$0$30,283,950