Can I retire at age 54 with 914,000?

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 $914,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.9%
1 years$75,477$74,805$74,149$73,509$72,884$69,992
2 years$37,365$36,669$35,995$35,341$34,706$31,829
3 years$24,663$23,964$23,291$22,643$22,019$19,247
4 years$18,313$17,616$16,950$16,313$15,704$13,057
5 years$14,504$13,811$13,154$12,530$11,938$9,424
6 years$11,965$11,278$10,630$10,020$9,446$7,066
7 years$10,153$9,471$8,834$8,238$7,682$5,436
8 years$8,794$8,118$7,492$6,911$6,373$4,258
9 years$7,738$7,069$6,453$5,887$5,367$3,380
10 years$6,893$6,231$5,626$5,074$4,573$2,710
11 years$6,203$5,547$4,953$4,416$3,933$2,189
12 years$5,628$4,978$4,395$3,874$3,408$1,779
13 years$5,141$4,499$3,927$3,420$2,972$1,453
14 years$4,725$4,090$3,528$3,036$2,605$1,191
15 years$4,365$3,736$3,186$2,707$2,294$980
16 years$4,049$3,428$2,888$2,424$2,027$808
17 years$3,772$3,157$2,628$2,178$1,798$667
18 years$3,525$2,917$2,399$1,963$1,598$552
19 years$3,305$2,703$2,196$1,774$1,425$457
20 years$3,106$2,512$2,016$1,606$1,273$379
21 years$2,927$2,340$1,854$1,458$1,139$315
22 years$2,765$2,184$1,709$1,326$1,021$262
23 years$2,617$2,043$1,578$1,207$916$218
24 years$2,481$1,914$1,459$1,101$824$181
25 years$2,356$1,796$1,351$1,006$741$151
26 years$2,242$1,688$1,253$919$668$125
27 years$2,135$1,589$1,164$842$602$104
28 years$2,037$1,497$1,082$771$543$87
29 years$1,946$1,412$1,007$707$490$73
30 years$1,861$1,334$938$649$443$60
31 years$1,781$1,261$874$596$401$50
32 years$1,707$1,193$816$548$362$42
33 years$1,637$1,130$762$504$328$35
34 years$1,571$1,071$712$463$297$29
35 years$1,510$1,016$665$427$269$24
36 years$1,452$964$622$393$244$20
37 years$1,397$916$583$362$221$17
38 years$1,345$870$546$334$200$14
39 years$1,296$827$511$308$182$12
40 years$1,250$787$479$284$165$10
41 years$1,206$749$449$262$149$8
42 years$1,164$714$421$242$136$7
43 years$1,124$680$395$223$123$6
44 years$1,086$648$371$206$112$5
45 years$1,050$618$349$190$101$4
46 years$1,015$590$327$176$92$3
47 years$983$563$308$162$84$3
48 years$951$537$289$150$76$2
49 years$921$513$272$139$69$2
50 years$892$490$255$128$63$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $914,000, adding $5,090 every year, while hoping to spend $50,588 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: 74/21/5 Blend
53$914,000$914,000$914,000$914,000
54$1,012,478$964,036$949,869$1,086,649
55$1,061,926$957,449$927,865$1,129,550
56$1,114,722$948,843$903,427$1,169,593
57$1,171,154$938,067$876,423$1,211,996
58$1,231,538$924,958$846,709$1,256,973
59$1,296,220$909,347$814,139$1,304,761
60$1,365,581$891,051$778,559$1,355,622
61$1,440,036$869,879$739,807$1,409,845
62$1,520,044$845,627$697,715$1,467,751
63$1,606,105$818,080$652,105$1,529,691
64$1,698,773$787,010$602,795$1,596,057
65$1,798,650$752,177$549,592$1,667,279
66$1,906,404$713,324$492,294$1,743,832
67$2,022,763$670,183$430,692$1,826,242
68$2,148,531$622,469$364,567$1,915,091
69$2,284,590$569,878$293,689$2,011,018
70$2,431,909$512,094$217,819$2,114,733
71$2,591,556$448,778$136,707$2,227,018
72$2,764,701$379,575$50,093$2,348,738
73$2,952,635$304,108$0$2,480,847
74$3,156,775$221,980$0$2,626,657
75$3,378,680$132,772$0$2,788,075
76$3,620,068$36,040$0$2,963,725
77$3,882,824$0$0$3,155,044
78$4,169,028$0$0$3,379,490
79$4,480,964$0$0$3,633,230
80$4,821,149$0$0$3,909,985
81$5,192,351$0$0$4,212,014
82$5,597,618$0$0$4,541,800
83$6,040,305$0$0$4,902,080
84$6,524,106$0$0$5,295,864
85$7,053,087$0$0$5,726,468
86$7,631,725$0$0$6,197,543
87$8,264,949$0$0$6,713,106
88$8,958,188$0$0$7,277,584
89$9,717,419$0$0$7,895,852
90$10,549,225$0$0$8,573,275
91$11,460,854$0$0$9,315,764
92$12,460,292$0$0$10,129,830
93$13,556,331$0$0$11,022,642
94$14,758,656$0$0$12,002,098
95$16,077,935$0$0$13,076,895
96$17,525,919$0$0$14,256,615
97$19,115,550$0$0$15,551,811
98$20,861,085$0$0$16,974,109
99$22,778,232$0$0$18,536,317
100$24,884,290$0$0$20,252,541