Can I retire at age 54 with 913,000?

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 $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%11%
1 years$75,395$74,723$74,068$73,428$72,804$72,497
2 years$37,324$36,629$35,955$35,302$34,669$34,359
3 years$24,636$23,937$23,265$22,618$21,995$21,692
4 years$18,293$17,597$16,931$16,295$15,687$15,393
5 years$14,488$13,796$13,139$12,516$11,925$11,641
6 years$11,952$11,265$10,619$10,009$9,436$9,162
7 years$10,141$9,461$8,824$8,229$7,674$7,410
8 years$8,784$8,110$7,484$6,903$6,366$6,113
9 years$7,729$7,061$6,446$5,880$5,361$5,118
10 years$6,886$6,224$5,619$5,069$4,568$4,335
11 years$6,196$5,541$4,947$4,411$3,929$3,706
12 years$5,621$4,973$4,391$3,869$3,405$3,192
13 years$5,136$4,494$3,923$3,416$2,969$2,766
14 years$4,720$4,085$3,525$3,032$2,602$2,409
15 years$4,360$3,732$3,182$2,704$2,291$2,107
16 years$4,045$3,424$2,885$2,421$2,025$1,850
17 years$3,767$3,153$2,625$2,176$1,796$1,629
18 years$3,521$2,914$2,397$1,961$1,597$1,439
19 years$3,301$2,700$2,194$1,772$1,423$1,273
20 years$3,103$2,509$2,014$1,605$1,271$1,129
21 years$2,924$2,337$1,852$1,456$1,138$1,003
22 years$2,762$2,182$1,707$1,324$1,020$893
23 years$2,614$2,041$1,576$1,206$915$795
24 years$2,478$1,912$1,458$1,100$823$710
25 years$2,354$1,794$1,350$1,004$740$634
26 years$2,239$1,686$1,252$918$667$566
27 years$2,133$1,587$1,163$841$601$507
28 years$2,035$1,495$1,081$770$542$454
29 years$1,944$1,411$1,006$706$490$406
30 years$1,858$1,332$937$648$443$364
31 years$1,779$1,259$873$595$400$327
32 years$1,705$1,192$815$547$362$293
33 years$1,635$1,129$761$503$328$263
34 years$1,570$1,070$711$463$297$236
35 years$1,508$1,015$665$426$269$212
36 years$1,450$963$622$392$243$191
37 years$1,395$915$582$362$221$171
38 years$1,344$869$545$333$200$154
39 years$1,295$826$511$307$181$139
40 years$1,248$786$479$283$164$125
41 years$1,204$749$449$262$149$112
42 years$1,162$713$421$241$135$101
43 years$1,123$679$395$223$123$91
44 years$1,085$647$371$206$112$82
45 years$1,049$617$348$190$101$73
46 years$1,014$589$327$175$92$66
47 years$981$562$307$162$83$60
48 years$950$537$289$150$76$54
49 years$920$512$271$138$69$48
50 years$891$489$255$128$63$43

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $913,000, adding $2,868 every year, while hoping to spend $59,341 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: 70/7/23 Blend
53$913,000$913,000$913,000$913,000
54$1,009,084$960,695$946,544$1,073,706
55$1,048,873$944,631$915,115$1,101,203
56$1,090,730$925,791$880,644$1,124,079
57$1,134,806$903,976$842,967$1,147,690
58$1,181,261$878,976$801,911$1,172,106
59$1,230,273$850,568$757,298$1,197,402
60$1,282,031$818,517$708,938$1,223,666
61$1,336,747$782,572$656,636$1,250,993
62$1,394,647$742,471$600,186$1,279,492
63$1,455,983$697,934$539,373$1,309,285
64$1,521,026$648,665$473,975$1,340,506
65$1,590,074$594,353$403,757$1,373,308
66$1,663,453$534,668$328,474$1,407,858
67$1,741,519$469,261$247,872$1,444,347
68$1,824,663$397,763$161,684$1,482,985
69$1,913,310$319,785$69,632$1,524,006
70$2,007,930$234,916$0$1,567,673
71$2,109,033$142,722$0$1,621,296
72$2,217,182$42,743$0$1,696,874
73$2,332,993$0$0$1,777,739
74$2,457,141$0$0$1,869,420
75$2,590,367$0$0$1,971,371
76$2,733,484$0$0$2,080,926
77$2,887,383$0$0$2,198,772
78$3,053,046$0$0$2,325,665
79$3,231,548$0$0$2,462,433
80$3,424,070$0$0$2,609,987
81$3,631,911$0$0$2,769,329
82$3,856,497$0$0$2,941,556
83$4,099,396$0$0$3,127,878
84$4,362,331$0$0$3,329,622
85$4,647,196$0$0$3,548,250
86$4,956,075$0$0$3,785,366
87$5,291,258$0$0$4,042,737
88$5,655,263$0$0$4,322,305
89$6,050,863$0$0$4,626,205
90$6,481,105$0$0$4,956,788
91$6,949,343$0$0$5,316,641
92$7,459,266$0$0$5,708,607
93$8,014,937$0$0$6,135,819
94$8,620,822$0$0$6,601,722
95$9,281,842$0$0$7,110,108
96$10,003,409$0$0$7,665,153
97$10,791,482$0$0$8,271,451
98$11,652,622$0$0$8,934,062
99$12,594,052$0$0$9,658,556
100$13,623,722$0$0$10,451,064