Can I retire at age 54 with 897,000?

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 $897,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.6%
1 years$74,073$73,414$72,770$72,142$71,528$69,045
2 years$36,670$35,987$35,325$34,683$34,061$31,585
3 years$24,204$23,518$22,858$22,222$21,610$19,219
4 years$17,972$17,288$16,635$16,010$15,412$13,124
5 years$14,234$13,554$12,909$12,297$11,716$9,537
6 years$11,743$11,068$10,432$9,834$9,271$7,203
7 years$9,964$9,295$8,669$8,085$7,539$5,582
8 years$8,630$7,967$7,352$6,782$6,255$4,406
9 years$7,594$6,937$6,333$5,777$5,267$3,526
10 years$6,765$6,115$5,521$4,980$4,488$2,850
11 years$6,087$5,444$4,861$4,334$3,860$2,322
12 years$5,523$4,886$4,314$3,802$3,345$1,904
13 years$5,046$4,415$3,854$3,356$2,917$1,569
14 years$4,637$4,013$3,463$2,979$2,557$1,298
15 years$4,283$3,666$3,126$2,657$2,251$1,077
16 years$3,974$3,364$2,835$2,379$1,990$897
17 years$3,701$3,098$2,579$2,138$1,764$748
18 years$3,459$2,863$2,355$1,926$1,569$625
19 years$3,243$2,653$2,156$1,741$1,398$523
20 years$3,049$2,465$1,978$1,576$1,249$438
21 years$2,873$2,296$1,820$1,431$1,118$367
22 years$2,713$2,144$1,677$1,301$1,002$308
23 years$2,568$2,005$1,548$1,185$899$259
24 years$2,435$1,878$1,432$1,081$808$218
25 years$2,313$1,763$1,326$987$727$183
26 years$2,200$1,657$1,230$902$655$154
27 years$2,096$1,559$1,142$826$591$130
28 years$1,999$1,469$1,062$757$533$109
29 years$1,909$1,386$988$694$481$92
30 years$1,826$1,309$920$637$435$77
31 years$1,748$1,237$858$585$393$65
32 years$1,675$1,171$801$538$356$55
33 years$1,606$1,109$748$494$322$46
34 years$1,542$1,051$698$455$291$39
35 years$1,482$997$653$419$264$33
36 years$1,425$946$611$386$239$28
37 years$1,371$899$572$355$217$23
38 years$1,320$854$535$327$196$20
39 years$1,272$812$502$302$178$17
40 years$1,226$773$470$278$162$14
41 years$1,183$735$441$257$147$12
42 years$1,142$700$414$237$133$10
43 years$1,103$667$388$219$121$8
44 years$1,066$636$364$202$110$7
45 years$1,030$607$342$187$99$6
46 years$997$579$321$172$90$5
47 years$964$552$302$159$82$4
48 years$933$527$284$147$74$4
49 years$904$503$267$136$68$3
50 years$876$481$251$126$61$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $897,000, adding $3,420 every year, while hoping to spend $35,634 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: 66/8/26 Blend
53$897,000$897,000$897,000$897,000
54$992,022$944,481$930,577$1,050,551
55$1,055,294$952,846$923,837$1,098,775
56$1,123,825$960,427$915,677$1,147,158
57$1,198,115$967,147$906,012$1,199,255
58$1,278,711$972,926$894,752$1,255,436
59$1,366,218$977,678$881,804$1,316,105
60$1,461,298$981,310$867,071$1,381,713
61$1,564,681$983,725$850,449$1,452,754
62$1,677,172$984,821$831,832$1,529,774
63$1,799,652$984,486$811,107$1,613,378
64$1,933,095$982,604$788,157$1,704,232
65$2,078,570$979,051$762,860$1,803,069
66$2,237,255$973,695$735,087$1,910,702
67$2,410,446$966,397$704,703$2,028,024
68$2,599,570$957,009$671,569$2,156,025
69$2,806,197$945,373$635,537$2,295,793
70$3,032,056$931,323$596,455$2,448,532
71$3,279,051$914,684$554,161$2,615,567
72$3,549,278$895,267$508,490$2,798,364
73$3,845,045$872,875$459,264$2,998,536
74$4,168,892$847,299$406,303$3,217,866
75$4,523,620$818,317$349,414$3,458,320
76$4,912,308$785,694$288,399$3,722,065
77$5,338,353$749,182$223,049$4,011,495
78$5,805,490$708,518$153,147$4,329,246
79$6,317,839$663,424$78,466$4,678,231
80$6,879,933$613,607$0$5,061,658
81$7,496,768$558,755$0$5,483,411
82$8,173,845$498,540$0$5,970,304
83$8,917,224$432,616$0$6,504,925
84$9,733,582$360,615$0$7,092,099
85$10,630,273$282,150$0$7,737,142
86$11,615,397$196,813$0$8,445,909
87$12,697,881$104,170$0$9,224,857
88$13,887,557$3,766$0$10,081,098
89$15,195,256$0$0$11,022,468
90$16,632,911$0$0$12,066,838
91$18,213,672$0$0$13,215,592
92$19,952,022$0$0$14,478,935
93$21,863,922$0$0$15,868,472
94$23,966,954$0$0$17,396,991
95$26,280,493$0$0$19,078,582
96$28,825,883$0$0$20,928,769
97$31,626,643$0$0$22,964,657
98$34,708,688$0$0$25,205,091
99$38,100,569$0$0$27,670,838
100$41,833,747$0$0$30,384,779