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%16.8%
1 years$75,808$75,132$74,474$73,830$73,203$71,173
2 years$37,529$36,830$36,152$35,495$34,858$32,829
3 years$24,770$24,069$23,393$22,742$22,116$20,150
4 years$18,393$17,693$17,024$16,385$15,773$13,886
5 years$14,567$13,871$13,211$12,585$11,990$10,187
6 years$12,017$11,327$10,677$10,064$9,488$7,770
7 years$10,197$9,512$8,872$8,274$7,716$6,083
8 years$8,832$8,154$7,525$6,941$6,401$4,853
9 years$7,771$7,099$6,481$5,912$5,391$3,926
10 years$6,923$6,258$5,650$5,096$4,593$3,210
11 years$6,230$5,571$4,974$4,435$3,950$2,646
12 years$5,652$5,000$4,415$3,890$3,423$2,195
13 years$5,164$4,519$3,944$3,435$2,985$1,831
14 years$4,746$4,107$3,544$3,049$2,617$1,534
15 years$4,384$3,752$3,200$2,719$2,304$1,290
16 years$4,067$3,443$2,901$2,435$2,036$1,087
17 years$3,788$3,170$2,640$2,188$1,805$919
18 years$3,540$2,930$2,410$1,971$1,605$778
19 years$3,319$2,715$2,206$1,781$1,431$660
20 years$3,120$2,523$2,025$1,613$1,278$561
21 years$2,940$2,350$1,862$1,464$1,144$477
22 years$2,777$2,194$1,716$1,331$1,025$406
23 years$2,628$2,052$1,585$1,212$920$346
24 years$2,492$1,922$1,466$1,106$827$295
25 years$2,367$1,804$1,357$1,010$744$252
26 years$2,251$1,696$1,259$923$670$215
27 years$2,145$1,596$1,169$845$604$183
28 years$2,046$1,504$1,087$774$545$157
29 years$1,954$1,418$1,011$710$493$134
30 years$1,869$1,340$942$652$445$114
31 years$1,789$1,266$878$599$402$98
32 years$1,714$1,198$819$550$364$84
33 years$1,644$1,135$765$506$329$72
34 years$1,578$1,076$715$465$298$61
35 years$1,516$1,020$668$428$270$52
36 years$1,458$968$625$395$245$45
37 years$1,403$920$585$364$222$38
38 years$1,351$874$548$335$201$33
39 years$1,302$831$513$309$182$28
40 years$1,255$791$481$285$165$24
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$15
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$9
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 $2,580 every year, while hoping to spend $56,079 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: 69/26/5 Blend
53$918,000$918,000$918,000$918,000
54$1,014,297$965,643$951,414$1,083,560
55$1,058,088$953,292$923,619$1,117,337
56$1,104,466$938,456$893,013$1,147,134
57$1,153,635$920,955$859,443$1,178,178
58$1,205,821$900,596$822,749$1,210,579
59$1,261,266$877,177$782,762$1,244,459
60$1,320,239$850,482$739,309$1,279,955
61$1,383,032$820,285$692,204$1,317,218
62$1,449,966$786,343$641,258$1,356,416
63$1,521,392$748,404$586,270$1,397,736
64$1,597,695$706,197$527,031$1,441,387
65$1,679,296$659,437$463,323$1,487,600
66$1,766,658$607,822$394,918$1,536,633
67$1,860,287$551,035$321,577$1,588,772
68$1,960,739$488,739$243,052$1,644,337
69$2,068,624$420,576$159,084$1,703,679
70$2,184,611$346,173$69,402$1,767,193
71$2,309,437$265,131$0$1,835,314
72$2,443,908$177,031$0$1,909,930
73$2,588,911$81,429$0$1,994,218
74$2,745,419$0$0$2,085,085
75$2,914,502$0$0$2,189,544
76$3,097,338$0$0$2,327,731
77$3,295,217$0$0$2,477,330
78$3,509,562$0$0$2,639,423
79$3,741,934$0$0$2,815,195
80$3,994,052$0$0$3,005,952
81$4,267,805$0$0$3,213,130
82$4,565,270$0$0$3,438,308
83$4,888,735$0$0$3,683,224
84$5,240,714$0$0$3,949,789
85$5,623,975$0$0$4,240,106
86$6,041,563$0$0$4,556,489
87$6,496,829$0$0$4,901,487
88$6,993,462$0$0$5,277,901
89$7,535,520$0$0$5,688,818
90$8,127,474$0$0$6,137,635
91$8,774,241$0$0$6,628,091
92$9,481,239$0$0$7,164,302
93$10,254,429$0$0$7,750,801
94$11,100,377$0$0$8,392,580
95$12,026,311$0$0$9,095,132
96$13,040,192$0$0$9,864,509
97$14,150,786$0$0$10,707,376
98$15,367,745$0$0$11,631,071
99$16,701,703$0$0$12,643,677
100$18,164,367$0$0$13,754,094