Can I retire at age 54 with 913,000?

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 $913,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.6%
1 years$75,395$74,723$74,068$73,428$72,804$70,558
2 years$37,324$36,629$35,955$35,302$34,669$32,426
3 years$24,636$23,937$23,265$22,618$21,995$19,825
4 years$18,293$17,597$16,931$16,295$15,687$13,607
5 years$14,488$13,796$13,139$12,516$11,925$9,941
6 years$11,952$11,265$10,619$10,009$9,436$7,549
7 years$10,141$9,461$8,824$8,229$7,674$5,884
8 years$8,784$8,110$7,484$6,903$6,366$4,672
9 years$7,729$7,061$6,446$5,880$5,361$3,761
10 years$6,886$6,224$5,619$5,069$4,568$3,059
11 years$6,196$5,541$4,947$4,411$3,929$2,509
12 years$5,621$4,973$4,391$3,869$3,405$2,071
13 years$5,136$4,494$3,923$3,416$2,969$1,718
14 years$4,720$4,085$3,525$3,032$2,602$1,431
15 years$4,360$3,732$3,182$2,704$2,291$1,196
16 years$4,045$3,424$2,885$2,421$2,025$1,003
17 years$3,767$3,153$2,625$2,176$1,796$843
18 years$3,521$2,914$2,397$1,961$1,597$709
19 years$3,301$2,700$2,194$1,772$1,423$598
20 years$3,103$2,509$2,014$1,605$1,271$505
21 years$2,924$2,337$1,852$1,456$1,138$427
22 years$2,762$2,182$1,707$1,324$1,020$361
23 years$2,614$2,041$1,576$1,206$915$306
24 years$2,478$1,912$1,458$1,100$823$259
25 years$2,354$1,794$1,350$1,004$740$220
26 years$2,239$1,686$1,252$918$667$186
27 years$2,133$1,587$1,163$841$601$158
28 years$2,035$1,495$1,081$770$542$134
29 years$1,944$1,411$1,006$706$490$114
30 years$1,858$1,332$937$648$443$97
31 years$1,779$1,259$873$595$400$82
32 years$1,705$1,192$815$547$362$70
33 years$1,635$1,129$761$503$328$59
34 years$1,570$1,070$711$463$297$50
35 years$1,508$1,015$665$426$269$43
36 years$1,450$963$622$392$243$36
37 years$1,395$915$582$362$221$31
38 years$1,344$869$545$333$200$26
39 years$1,295$826$511$307$181$22
40 years$1,248$786$479$283$164$19
41 years$1,204$749$449$262$149$16
42 years$1,162$713$421$241$135$14
43 years$1,123$679$395$223$123$12
44 years$1,085$647$371$206$112$10
45 years$1,049$617$348$190$101$8
46 years$1,014$589$327$175$92$7
47 years$981$562$307$162$83$6
48 years$950$537$289$150$76$5
49 years$920$512$271$138$69$4
50 years$891$489$255$128$63$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $913,000, adding $3,210 every year, while hoping to spend $31,989 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$913,000$913,000$913,000$913,000
54$1,009,437$961,048$946,897$1,034,211
55$1,078,364$974,103$944,582$1,066,294
56$1,153,249$986,726$941,117$1,097,735
57$1,234,666$998,862$936,430$1,130,953
58$1,323,247$1,010,451$930,446$1,166,126
59$1,419,687$1,021,432$923,084$1,203,450
60$1,524,749$1,031,737$914,262$1,243,143
61$1,639,277$1,041,295$903,893$1,285,448
62$1,764,194$1,050,029$891,885$1,330,632
63$1,900,521$1,057,860$878,142$1,378,995
64$2,049,380$1,064,700$862,565$1,430,867
65$2,212,004$1,070,459$845,049$1,486,617
66$2,389,754$1,075,037$825,484$1,546,650
67$2,584,127$1,078,332$803,755$1,611,418
68$2,796,771$1,080,232$779,744$1,681,423
69$3,029,499$1,080,621$753,323$1,757,219
70$3,284,311$1,079,375$724,362$1,839,419
71$3,563,406$1,076,359$692,723$1,928,706
72$3,869,208$1,071,435$658,264$2,025,834
73$4,204,385$1,064,454$620,834$2,131,637
74$4,571,876$1,055,256$580,276$2,247,041
75$4,974,919$1,043,676$536,427$2,373,069
76$5,417,079$1,029,534$489,116$2,510,854
77$5,902,283$1,012,643$438,163$2,661,649
78$6,434,856$992,803$383,382$2,826,843
79$7,019,564$969,803$324,577$3,007,969
80$7,661,656$943,419$261,546$3,206,724
81$8,366,912$913,414$194,076$3,424,986
82$9,141,704$879,537$121,944$3,664,831
83$9,993,047$841,524$44,918$3,928,552
84$10,928,672$799,093$0$4,218,686
85$11,957,095$751,948$0$4,547,584
86$13,087,700$699,774$0$4,921,694
87$14,330,821$642,239$0$5,332,992
88$15,697,849$578,992$0$5,785,331
89$17,201,330$509,663$0$6,282,965
90$18,855,088$433,860$0$6,830,586
91$20,674,356$351,167$0$7,433,375
92$22,675,914$261,148$0$8,097,047
93$24,878,253$163,341$0$8,827,909
94$27,301,747$57,257$0$9,632,918
95$29,968,844$0$0$10,519,753
96$32,904,278$0$0$11,524,782
97$36,135,302$0$0$12,661,695
98$39,691,946$0$0$13,913,357
99$43,607,300$0$0$15,291,434
100$47,917,823$0$0$16,808,780