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%12.5%
1 years$75,230$74,559$73,906$73,268$72,644$71,886
2 years$37,242$36,549$35,877$35,225$34,593$33,829
3 years$24,582$23,885$23,214$22,569$21,947$21,201
4 years$18,252$17,558$16,894$16,260$15,653$14,931
5 years$14,456$13,766$13,111$12,489$11,899$11,204
6 years$11,926$11,241$10,595$9,987$9,415$8,747
7 years$10,119$9,440$8,805$8,211$7,657$7,016
8 years$8,765$8,092$7,467$6,888$6,352$5,739
9 years$7,712$7,045$6,431$5,867$5,350$4,763
10 years$6,870$6,210$5,607$5,058$4,558$3,998
11 years$6,182$5,529$4,936$4,402$3,920$3,387
12 years$5,609$4,962$4,381$3,861$3,397$2,889
13 years$5,125$4,484$3,914$3,409$2,962$2,480
14 years$4,710$4,076$3,517$3,026$2,597$2,139
15 years$4,350$3,724$3,175$2,698$2,286$1,852
16 years$4,036$3,416$2,879$2,416$2,021$1,609
17 years$3,759$3,146$2,620$2,171$1,792$1,403
18 years$3,513$2,907$2,391$1,956$1,593$1,226
19 years$3,294$2,694$2,189$1,768$1,420$1,073
20 years$3,096$2,504$2,009$1,601$1,268$941
21 years$2,918$2,332$1,848$1,453$1,135$827
22 years$2,756$2,177$1,703$1,321$1,017$728
23 years$2,608$2,036$1,573$1,203$913$641
24 years$2,473$1,908$1,454$1,097$821$565
25 years$2,349$1,790$1,347$1,002$739$499
26 years$2,234$1,683$1,249$916$665$441
27 years$2,128$1,584$1,160$839$600$390
28 years$2,030$1,492$1,078$768$541$345
29 years$1,939$1,408$1,004$705$489$305
30 years$1,854$1,329$935$647$442$270
31 years$1,775$1,257$872$594$399$239
32 years$1,701$1,189$813$546$361$212
33 years$1,631$1,126$759$502$327$188
34 years$1,566$1,067$709$462$296$167
35 years$1,505$1,012$663$425$268$148
36 years$1,447$961$620$392$243$131
37 years$1,392$913$581$361$220$117
38 years$1,341$867$544$333$200$103
39 years$1,292$825$509$307$181$92
40 years$1,245$785$478$283$164$82
41 years$1,202$747$448$261$149$72
42 years$1,160$711$420$241$135$64
43 years$1,120$678$394$222$123$57
44 years$1,082$646$370$205$111$51
45 years$1,046$616$347$190$101$45
46 years$1,012$588$326$175$92$40
47 years$979$561$307$162$83$36
48 years$948$535$288$149$76$32
49 years$918$511$271$138$69$28
50 years$889$488$255$128$62$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $911,000, adding $5,487 every year, while hoping to spend $24,642 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: 47/33/20 Blend
53$911,000$911,000$911,000$911,000
54$1,009,582$961,299$947,178$1,051,057
55$1,086,340$982,184$952,690$1,101,439
56$1,170,102$1,003,266$957,560$1,153,186
57$1,261,556$1,024,529$961,742$1,208,839
58$1,361,459$1,045,956$965,185$1,268,774
59$1,470,646$1,067,526$967,837$1,333,405
60$1,590,035$1,089,217$969,642$1,403,190
61$1,720,638$1,111,008$970,544$1,478,632
62$1,863,566$1,132,871$970,481$1,560,287
63$2,020,048$1,154,780$969,390$1,648,766
64$2,191,432$1,176,703$967,204$1,744,745
65$2,379,206$1,198,609$963,853$1,848,968
66$2,585,006$1,220,462$959,263$1,962,256
67$2,810,636$1,242,224$953,358$2,085,514
68$3,058,082$1,263,855$946,057$2,219,740
69$3,329,532$1,285,309$937,275$2,366,034
70$3,627,395$1,306,539$926,924$2,525,609
71$3,954,324$1,327,495$914,911$2,699,803
72$4,313,244$1,348,121$901,139$2,890,091
73$4,707,374$1,368,358$885,507$3,098,101
74$5,140,262$1,388,144$867,907$3,325,624
75$5,615,816$1,407,410$848,229$3,574,640
76$6,138,341$1,426,085$826,357$3,847,329
77$6,712,580$1,444,090$802,167$4,146,095
78$7,343,756$1,461,344$775,533$4,473,590
79$8,037,627$1,477,758$746,322$4,832,737
80$8,800,535$1,493,238$714,393$5,226,759
81$9,639,465$1,507,683$679,601$5,659,211
82$10,562,117$1,520,985$641,794$6,134,011
83$11,576,971$1,533,032$600,813$6,655,479
84$12,693,373$1,543,701$556,490$7,228,378
85$13,921,617$1,552,862$508,652$7,857,962
86$15,273,047$1,560,378$457,118$8,550,020
87$16,760,164$1,566,102$401,697$9,310,936
88$18,396,738$1,569,879$342,192$10,147,749
89$20,197,945$1,571,542$278,394$11,068,218
90$22,180,504$1,570,916$210,089$12,080,897
91$24,362,838$1,567,814$137,050$13,195,217
92$26,765,249$1,562,038$59,042$14,421,576
93$29,410,103$1,553,377$0$15,771,436
94$32,322,048$1,541,607$0$17,262,597
95$35,528,244$1,526,493$0$18,917,606
96$39,058,616$1,507,782$0$20,739,262
97$42,946,140$1,485,209$0$22,744,551
98$47,227,154$1,458,491$0$24,952,198
99$51,941,697$1,427,331$0$27,382,836
100$57,133,891$1,391,410$0$30,059,206