Can I retire at age 54 with 918,000?

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 $918,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.7%
1 years$75,808$75,132$74,474$73,830$73,203$71,202
2 years$37,529$36,830$36,152$35,495$34,858$32,857
3 years$24,770$24,069$23,393$22,742$22,116$20,177
4 years$18,393$17,693$17,024$16,385$15,773$13,911
5 years$14,567$13,871$13,211$12,585$11,990$10,211
6 years$12,017$11,327$10,677$10,064$9,488$7,792
7 years$10,197$9,512$8,872$8,274$7,716$6,105
8 years$8,832$8,154$7,525$6,941$6,401$4,873
9 years$7,771$7,099$6,481$5,912$5,391$3,944
10 years$6,923$6,258$5,650$5,096$4,593$3,227
11 years$6,230$5,571$4,974$4,435$3,950$2,662
12 years$5,652$5,000$4,415$3,890$3,423$2,210
13 years$5,164$4,519$3,944$3,435$2,985$1,845
14 years$4,746$4,107$3,544$3,049$2,617$1,546
15 years$4,384$3,752$3,200$2,719$2,304$1,301
16 years$4,067$3,443$2,901$2,435$2,036$1,098
17 years$3,788$3,170$2,640$2,188$1,805$928
18 years$3,540$2,930$2,410$1,971$1,605$787
19 years$3,319$2,715$2,206$1,781$1,431$668
20 years$3,120$2,523$2,025$1,613$1,278$568
21 years$2,940$2,350$1,862$1,464$1,144$483
22 years$2,777$2,194$1,716$1,331$1,025$412
23 years$2,628$2,052$1,585$1,212$920$351
24 years$2,492$1,922$1,466$1,106$827$299
25 years$2,367$1,804$1,357$1,010$744$256
26 years$2,251$1,696$1,259$923$670$218
27 years$2,145$1,596$1,169$845$604$187
28 years$2,046$1,504$1,087$774$545$160
29 years$1,954$1,418$1,011$710$493$136
30 years$1,869$1,340$942$652$445$117
31 years$1,789$1,266$878$599$402$100
32 years$1,714$1,198$819$550$364$86
33 years$1,644$1,135$765$506$329$73
34 years$1,578$1,076$715$465$298$63
35 years$1,516$1,020$668$428$270$54
36 years$1,458$968$625$395$245$46
37 years$1,403$920$585$364$222$39
38 years$1,351$874$548$335$201$34
39 years$1,302$831$513$309$182$29
40 years$1,255$791$481$285$165$25
41 years$1,211$753$451$263$150$21
42 years$1,169$717$423$243$136$18
43 years$1,129$683$397$224$124$16
44 years$1,091$651$373$207$112$13
45 years$1,054$621$350$191$102$11
46 years$1,020$592$329$176$92$10
47 years$987$565$309$163$84$8
48 years$955$539$290$151$76$7
49 years$925$515$273$139$69$6
50 years$896$492$257$129$63$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $918,000, adding $5,924 every year, while hoping to spend $55,634 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: 62/27/11 Blend
53$918,000$918,000$918,000$918,000
54$1,017,747$969,093$954,864$1,077,905
55$1,062,363$957,384$927,657$1,107,214
56$1,109,665$943,237$897,675$1,132,267
57$1,159,869$926,474$864,765$1,158,233
58$1,213,209$906,905$828,769$1,185,202
59$1,269,944$884,331$789,520$1,213,273
60$1,330,355$858,539$746,846$1,242,561
61$1,394,750$829,307$700,564$1,273,193
62$1,463,468$796,396$650,486$1,305,309
63$1,536,878$759,556$596,414$1,339,070
64$1,615,387$718,521$538,141$1,374,655
65$1,699,438$673,011$475,450$1,412,263
66$1,789,520$622,728$408,117$1,452,117
67$1,886,168$567,358$335,906$1,494,469
68$1,989,968$506,570$258,570$1,539,598
69$2,101,565$440,012$175,853$1,587,814
70$2,221,667$367,315$87,486$1,639,468
71$2,351,050$288,087$0$1,694,945
72$2,490,568$201,913$0$1,755,481
73$2,641,157$108,358$0$1,831,766
74$2,803,848$6,961$0$1,914,095
75$2,979,772$0$0$2,003,102
76$3,170,173$0$0$2,130,025
77$3,376,418$0$0$2,269,808
78$3,600,012$0$0$2,421,407
79$3,842,607$0$0$2,585,952
80$4,106,021$0$0$2,764,684
81$4,392,255$0$0$2,958,968
82$4,703,509$0$0$3,170,306
83$5,042,202$0$0$3,400,351
84$5,410,999$0$0$3,650,920
85$5,812,829$0$0$3,924,015
86$6,250,919$0$0$4,221,837
87$6,728,816$0$0$4,546,811
88$7,250,429$0$0$4,901,604
89$7,820,058$0$0$5,289,154
90$8,442,436$0$0$5,712,692
91$9,122,776$0$0$6,175,779
92$9,866,815$0$0$6,682,332
93$10,680,873$0$0$7,236,668
94$11,571,905$0$0$7,843,538
95$12,547,572$0$0$8,508,173
96$13,616,310$0$0$9,236,335
97$14,787,409$0$0$10,034,371
98$16,071,101$0$0$10,909,267
99$17,478,654$0$0$11,868,723
100$19,022,479$0$0$12,921,214