Can I retire at age 54 with 891,000?

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 $891,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.9%
1 years$73,578$72,923$72,283$71,659$71,050$69,332
2 years$36,425$35,746$35,089$34,451$33,833$32,113
3 years$24,042$23,361$22,705$22,073$21,465$19,796
4 years$17,852$17,173$16,523$15,903$15,309$13,704
5 years$14,139$13,463$12,823$12,215$11,638$10,101
6 years$11,664$10,994$10,363$9,768$9,209$7,742
7 years$9,897$9,233$8,611$8,031$7,489$6,093
8 years$8,573$7,914$7,303$6,737$6,213$4,887
9 years$7,543$6,891$6,290$5,738$5,232$3,975
10 years$6,720$6,074$5,484$4,947$4,458$3,268
11 years$6,046$5,407$4,828$4,305$3,834$2,709
12 years$5,486$4,853$4,285$3,776$3,323$2,261
13 years$5,012$4,386$3,828$3,334$2,897$1,898
14 years$4,606$3,987$3,440$2,959$2,540$1,600
15 years$4,255$3,642$3,105$2,639$2,236$1,353
16 years$3,947$3,341$2,816$2,363$1,976$1,148
17 years$3,677$3,077$2,562$2,123$1,752$977
18 years$3,436$2,843$2,339$1,913$1,558$833
19 years$3,221$2,635$2,141$1,729$1,389$711
20 years$3,028$2,449$1,965$1,566$1,240$608
21 years$2,854$2,281$1,807$1,421$1,110$521
22 years$2,695$2,129$1,666$1,292$995$446
23 years$2,551$1,991$1,538$1,177$893$383
24 years$2,419$1,866$1,422$1,073$803$329
25 years$2,297$1,751$1,317$980$722$283
26 years$2,185$1,646$1,222$896$651$243
27 years$2,082$1,549$1,135$820$587$209
28 years$1,986$1,459$1,055$752$529$180
29 years$1,897$1,377$982$689$478$155
30 years$1,814$1,300$914$633$432$133
31 years$1,736$1,229$852$581$391$115
32 years$1,664$1,163$795$534$353$99
33 years$1,596$1,101$743$491$320$85
34 years$1,532$1,044$694$452$289$74
35 years$1,472$990$649$416$262$63
36 years$1,415$940$607$383$238$55
37 years$1,362$893$568$353$215$47
38 years$1,311$848$532$325$195$41
39 years$1,263$807$498$300$177$35
40 years$1,218$767$467$277$161$30
41 years$1,175$730$438$255$146$26
42 years$1,134$696$411$236$132$22
43 years$1,096$663$385$217$120$19
44 years$1,059$632$362$201$109$17
45 years$1,023$603$340$185$99$14
46 years$990$575$319$171$90$12
47 years$958$549$300$158$81$11
48 years$927$524$282$146$74$9
49 years$898$500$265$135$67$8
50 years$870$478$249$125$61$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $891,000, adding $5,045 every year, while hoping to spend $48,912 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: 68/6/26 Blend
53$891,000$891,000$891,000$891,000
54$987,086$939,863$926,052$1,047,256
55$1,035,727$933,874$905,033$1,082,318
56$1,087,690$925,953$881,670$1,114,613
57$1,143,262$915,952$855,834$1,148,821
58$1,202,758$903,717$827,388$1,185,133
59$1,266,523$889,084$796,190$1,223,758
60$1,334,937$871,877$762,091$1,264,929
61$1,408,415$851,914$724,935$1,308,905
62$1,487,413$828,997$684,560$1,355,971
63$1,572,432$802,921$640,795$1,406,445
64$1,664,022$773,465$593,464$1,460,676
65$1,762,787$740,400$542,380$1,519,054
66$1,869,390$703,479$487,349$1,582,009
67$1,984,561$662,443$428,168$1,650,015
68$2,109,102$617,017$364,627$1,723,600
69$2,243,891$566,913$296,503$1,803,346
70$2,389,899$511,822$223,567$1,889,897
71$2,548,190$451,422$145,577$1,983,967
72$2,719,933$385,370$62,282$2,086,343
73$2,906,417$313,304$0$2,197,897
74$3,109,057$234,841$0$2,326,975
75$3,329,411$149,579$0$2,486,178
76$3,569,193$57,091$0$2,659,468
77$3,830,289$0$0$2,848,228
78$4,114,773$0$0$3,056,827
79$4,424,929$0$0$3,288,407
80$4,763,270$0$0$3,541,082
81$5,132,563$0$0$3,816,922
82$5,535,851$0$0$4,118,210
83$5,976,488$0$0$4,447,457
84$6,458,163$0$0$4,807,426
85$6,984,939$0$0$5,201,160
86$7,561,290$0$0$5,632,013
87$8,192,141$0$0$6,103,673
88$8,882,916$0$0$6,620,203
89$9,639,588$0$0$7,186,080
90$10,468,735$0$0$7,806,230
91$11,377,601$0$0$8,486,081
92$12,374,165$0$0$9,231,611
93$13,467,214$0$0$10,049,404
94$14,666,426$0$0$10,946,711
95$15,982,464$0$0$11,931,519
96$17,427,069$0$0$13,012,628
97$19,013,177$0$0$14,199,729
98$20,755,038$0$0$15,503,498
99$22,668,347$0$0$16,935,696
100$24,770,398$0$0$18,509,280