Can I retire at age 54 with 900,000?

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 $900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.3%
1 years$74,321$73,659$73,013$72,383$71,767$70,203
2 years$36,793$36,107$35,443$34,799$34,175$32,607
3 years$24,285$23,597$22,934$22,296$21,682$20,159
4 years$18,032$17,346$16,690$16,063$15,464$13,998
5 years$14,281$13,599$12,952$12,338$11,755$10,351
6 years$11,782$11,105$10,467$9,867$9,302$7,959
7 years$9,997$9,326$8,698$8,112$7,565$6,285
8 years$8,659$7,994$7,377$6,805$6,276$5,058
9 years$7,619$6,960$6,354$5,796$5,285$4,129
10 years$6,787$6,135$5,539$4,997$4,503$3,407
11 years$6,108$5,462$4,877$4,348$3,873$2,836
12 years$5,541$4,902$4,328$3,814$3,356$2,376
13 years$5,063$4,430$3,867$3,367$2,927$2,002
14 years$4,653$4,027$3,474$2,989$2,565$1,695
15 years$4,298$3,679$3,137$2,666$2,259$1,440
16 years$3,987$3,375$2,844$2,387$1,996$1,227
17 years$3,714$3,108$2,588$2,145$1,770$1,048
18 years$3,471$2,872$2,362$1,933$1,574$897
19 years$3,254$2,662$2,163$1,746$1,403$770
20 years$3,059$2,474$1,985$1,582$1,253$661
21 years$2,883$2,304$1,826$1,436$1,121$569
22 years$2,722$2,151$1,683$1,305$1,005$490
23 years$2,577$2,012$1,554$1,189$902$422
24 years$2,443$1,885$1,437$1,084$811$364
25 years$2,320$1,769$1,331$990$730$315
26 years$2,207$1,662$1,234$905$657$272
27 years$2,103$1,564$1,146$829$593$235
28 years$2,006$1,474$1,065$759$535$203
29 years$1,916$1,391$991$696$483$176
30 years$1,832$1,313$924$639$436$152
31 years$1,754$1,242$861$587$394$132
32 years$1,680$1,175$803$539$357$114
33 years$1,612$1,113$750$496$323$99
34 years$1,547$1,054$701$456$292$86
35 years$1,487$1,000$655$420$265$74
36 years$1,429$949$613$387$240$64
37 years$1,375$902$574$356$217$56
38 years$1,324$857$537$329$197$48
39 years$1,276$815$503$303$179$42
40 years$1,230$775$472$279$162$36
41 years$1,187$738$442$258$147$31
42 years$1,146$703$415$238$133$27
43 years$1,107$670$389$220$121$24
44 years$1,069$638$366$203$110$20
45 years$1,034$609$343$187$100$18
46 years$1,000$581$322$173$91$15
47 years$968$554$303$160$82$13
48 years$937$529$285$148$75$12
49 years$907$505$267$136$68$10
50 years$879$482$251$126$62$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $900,000, adding $3,161 every year, while hoping to spend $56,960 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: 58/12/30 Blend
53$900,000$900,000$900,000$900,000
54$995,061$947,361$933,411$1,044,416
55$1,035,952$933,176$904,075$1,064,466
56$1,079,105$916,388$871,847$1,080,086
57$1,124,690$896,808$836,571$1,095,968
58$1,172,894$874,237$798,082$1,112,156
59$1,223,920$848,465$756,208$1,128,699
60$1,277,989$819,268$710,770$1,145,657
61$1,335,343$786,412$661,580$1,163,096
62$1,396,249$749,647$608,444$1,181,094
63$1,460,994$708,708$551,155$1,199,739
64$1,529,898$663,317$489,500$1,219,133
65$1,603,305$613,177$423,257$1,239,391
66$1,681,597$557,978$352,190$1,260,645
67$1,765,189$497,388$276,058$1,283,044
68$1,854,539$431,060$194,606$1,306,757
69$1,950,144$358,624$107,568$1,331,974
70$2,052,554$279,693$14,667$1,358,913
71$2,162,371$193,853$0$1,387,814
72$2,280,253$100,672$0$1,445,993
73$2,406,924$0$0$1,513,485
74$2,543,180$0$0$1,586,077
75$2,689,892$0$0$1,678,608
76$2,848,019$0$0$1,778,395
77$3,018,614$0$0$1,886,111
78$3,202,832$0$0$2,002,493
79$3,401,945$0$0$2,128,352
80$3,617,348$0$0$2,264,580
81$3,850,578$0$0$2,412,155
82$4,103,320$0$0$2,572,155
83$4,377,433$0$0$2,745,765
84$4,674,955$0$0$2,934,288
85$4,998,131$0$0$3,139,156
86$5,349,432$0$0$3,361,946
87$5,731,571$0$0$3,604,393
88$6,147,539$0$0$3,868,404
89$6,600,623$0$0$4,156,080
90$7,094,441$0$0$4,469,732
91$7,632,976$0$0$4,811,903
92$8,220,612$0$0$5,185,392
93$8,862,172$0$0$5,593,281
94$9,562,967$0$0$6,038,963
95$10,328,845$0$0$6,526,172
96$11,166,241$0$0$7,059,021
97$12,082,243$0$0$7,642,036
98$13,084,654$0$0$8,280,203
99$14,182,067$0$0$8,979,011
100$15,383,944$0$0$9,744,506