Can I retire at age 54 with 918,000?

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 $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%19%
1 years$75,808$75,132$74,474$73,830$73,203$70,549
2 years$37,529$36,830$36,152$35,495$34,858$32,214
3 years$24,770$24,069$23,393$22,742$22,116$19,564
4 years$18,393$17,693$17,024$16,385$15,773$13,333
5 years$14,567$13,871$13,211$12,585$11,990$9,669
6 years$12,017$11,327$10,677$10,064$9,488$7,286
7 years$10,197$9,512$8,872$8,274$7,716$5,634
8 years$8,832$8,154$7,525$6,941$6,401$4,436
9 years$7,771$7,099$6,481$5,912$5,391$3,541
10 years$6,923$6,258$5,650$5,096$4,593$2,855
11 years$6,230$5,571$4,974$4,435$3,950$2,320
12 years$5,652$5,000$4,415$3,890$3,423$1,897
13 years$5,164$4,519$3,944$3,435$2,985$1,559
14 years$4,746$4,107$3,544$3,049$2,617$1,286
15 years$4,384$3,752$3,200$2,719$2,304$1,065
16 years$4,067$3,443$2,901$2,435$2,036$884
17 years$3,788$3,170$2,640$2,188$1,805$735
18 years$3,540$2,930$2,410$1,971$1,605$612
19 years$3,319$2,715$2,206$1,781$1,431$511
20 years$3,120$2,523$2,025$1,613$1,278$426
21 years$2,940$2,350$1,862$1,464$1,144$357
22 years$2,777$2,194$1,716$1,331$1,025$298
23 years$2,628$2,052$1,585$1,212$920$250
24 years$2,492$1,922$1,466$1,106$827$209
25 years$2,367$1,804$1,357$1,010$744$175
26 years$2,251$1,696$1,259$923$670$147
27 years$2,145$1,596$1,169$845$604$123
28 years$2,046$1,504$1,087$774$545$104
29 years$1,954$1,418$1,011$710$493$87
30 years$1,869$1,340$942$652$445$73
31 years$1,789$1,266$878$599$402$61
32 years$1,714$1,198$819$550$364$51
33 years$1,644$1,135$765$506$329$43
34 years$1,578$1,076$715$465$298$36
35 years$1,516$1,020$668$428$270$30
36 years$1,458$968$625$395$245$26
37 years$1,403$920$585$364$222$22
38 years$1,351$874$548$335$201$18
39 years$1,302$831$513$309$182$15
40 years$1,255$791$481$285$165$13
41 years$1,211$753$451$263$150$11
42 years$1,169$717$423$243$136$9
43 years$1,129$683$397$224$124$8
44 years$1,091$651$373$207$112$6
45 years$1,054$621$350$191$102$5
46 years$1,020$592$329$176$92$4
47 years$987$565$309$163$84$4
48 years$955$539$290$151$76$3
49 years$925$515$273$139$69$3
50 years$896$492$257$129$63$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $918,000, adding $2,311 every year, while hoping to spend $26,054 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: 72/12/16 Blend
53$918,000$918,000$918,000$918,000
54$1,014,020$965,366$951,137$1,083,162
55$1,089,729$984,947$955,279$1,148,932
56$1,172,286$1,004,615$958,686$1,217,550
57$1,262,364$1,024,346$961,307$1,292,014
58$1,360,701$1,044,115$963,086$1,372,900
59$1,468,110$1,063,894$963,967$1,460,839
60$1,585,486$1,083,654$963,889$1,556,528
61$1,713,815$1,103,362$962,788$1,660,735
62$1,854,181$1,122,984$960,599$1,774,304
63$2,007,780$1,142,482$957,251$1,898,168
64$2,175,927$1,161,817$952,672$2,033,354
65$2,360,070$1,180,945$946,786$2,180,993
66$2,561,805$1,199,819$939,511$2,342,332
67$2,782,889$1,218,390$930,764$2,518,744
68$3,025,257$1,236,604$920,458$2,711,744
69$3,291,039$1,254,404$908,499$2,923,000
70$3,582,583$1,271,728$894,792$3,154,351
71$3,902,475$1,288,510$879,235$3,407,823
72$4,253,560$1,304,681$861,723$3,685,650
73$4,638,977$1,320,164$842,145$3,990,292
74$5,062,181$1,334,880$820,384$4,324,462
75$5,526,977$1,348,742$796,321$4,691,149
76$6,037,559$1,361,661$769,828$5,093,648
77$6,598,545$1,373,537$740,772$5,535,589
78$7,215,024$1,384,268$709,015$6,020,974
79$7,892,602$1,393,743$674,413$6,554,213
80$8,637,455$1,401,844$636,813$7,140,166
81$9,456,386$1,408,445$596,057$7,784,192
82$10,356,893$1,413,414$551,981$8,492,193
83$11,347,234$1,416,610$504,410$9,270,676
84$12,436,509$1,417,881$453,165$10,126,812
85$13,634,744$1,417,067$398,057$11,068,506
86$14,952,984$1,414,000$338,888$12,104,468
87$16,403,401$1,408,499$275,453$13,244,298
88$17,999,405$1,400,372$207,538$14,498,577
89$19,755,771$1,389,417$134,917$15,878,967
90$21,688,780$1,375,419$57,357$17,398,318
91$23,816,370$1,358,149$0$19,070,796
92$26,158,307$1,337,366$0$20,916,349
93$28,736,372$1,312,814$0$22,958,576
94$31,574,561$1,284,221$0$25,206,680
95$34,699,318$1,251,300$0$27,681,608
96$38,139,781$1,213,747$0$30,406,438
97$41,928,058$1,171,239$0$33,406,606
98$46,099,526$1,123,436$0$36,710,139
99$50,693,170$1,069,977$0$40,347,923
100$55,751,948$1,010,481$0$44,353,995