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%12.2%
1 years$74,321$73,659$73,013$72,383$71,767$71,107
2 years$36,793$36,107$35,443$34,799$34,175$33,509
3 years$24,285$23,597$22,934$22,296$21,682$21,032
4 years$18,032$17,346$16,690$16,063$15,464$14,834
5 years$14,281$13,599$12,952$12,338$11,755$11,148
6 years$11,782$11,105$10,467$9,867$9,302$8,718
7 years$9,997$9,326$8,698$8,112$7,565$7,005
8 years$8,659$7,994$7,377$6,805$6,276$5,739
9 years$7,619$6,960$6,354$5,796$5,285$4,772
10 years$6,787$6,135$5,539$4,997$4,503$4,013
11 years$6,108$5,462$4,877$4,348$3,873$3,405
12 years$5,541$4,902$4,328$3,814$3,356$2,911
13 years$5,063$4,430$3,867$3,367$2,927$2,503
14 years$4,653$4,027$3,474$2,989$2,565$2,163
15 years$4,298$3,679$3,137$2,666$2,259$1,877
16 years$3,987$3,375$2,844$2,387$1,996$1,634
17 years$3,714$3,108$2,588$2,145$1,770$1,427
18 years$3,471$2,872$2,362$1,933$1,574$1,250
19 years$3,254$2,662$2,163$1,746$1,403$1,097
20 years$3,059$2,474$1,985$1,582$1,253$964
21 years$2,883$2,304$1,826$1,436$1,121$849
22 years$2,722$2,151$1,683$1,305$1,005$749
23 years$2,577$2,012$1,554$1,189$902$661
24 years$2,443$1,885$1,437$1,084$811$584
25 years$2,320$1,769$1,331$990$730$517
26 years$2,207$1,662$1,234$905$657$458
27 years$2,103$1,564$1,146$829$593$406
28 years$2,006$1,474$1,065$759$535$360
29 years$1,916$1,391$991$696$483$319
30 years$1,832$1,313$924$639$436$283
31 years$1,754$1,242$861$587$394$252
32 years$1,680$1,175$803$539$357$224
33 years$1,612$1,113$750$496$323$199
34 years$1,547$1,054$701$456$292$177
35 years$1,487$1,000$655$420$265$157
36 years$1,429$949$613$387$240$140
37 years$1,375$902$574$356$217$124
38 years$1,324$857$537$329$197$111
39 years$1,276$815$503$303$179$99
40 years$1,230$775$472$279$162$88
41 years$1,187$738$442$258$147$78
42 years$1,146$703$415$238$133$70
43 years$1,107$670$389$220$121$62
44 years$1,069$638$366$203$110$55
45 years$1,034$609$343$187$100$49
46 years$1,000$581$322$173$91$44
47 years$968$554$303$160$82$39
48 years$937$529$285$148$75$35
49 years$907$505$267$136$68$31
50 years$879$482$251$126$62$28

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $900,000, adding $3,192 every year, while hoping to spend $40,202 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: 48/33/19 Blend
53$900,000$900,000$900,000$900,000
54$995,093$947,393$933,443$1,037,383
55$1,053,817$951,040$921,938$1,070,743
56$1,117,185$953,519$908,701$1,102,617
57$1,185,626$954,730$893,631$1,136,379
58$1,259,614$954,566$876,622$1,172,222
59$1,339,670$952,915$857,565$1,210,361
60$1,426,367$949,659$836,343$1,251,034
61$1,520,334$944,669$812,838$1,294,508
62$1,622,262$937,812$786,922$1,341,077
63$1,732,912$928,944$758,464$1,391,069
64$1,853,122$917,916$727,325$1,444,846
65$1,983,813$904,565$693,362$1,502,813
66$2,125,996$888,723$656,424$1,565,416
67$2,280,787$870,210$616,354$1,633,153
68$2,449,411$848,835$572,986$1,706,573
69$2,633,219$824,396$526,149$1,786,287
70$2,833,695$796,679$475,663$1,872,971
71$3,052,475$765,458$421,340$1,967,375
72$3,291,356$730,495$362,984$2,070,330
73$3,552,321$691,536$300,390$2,182,755
74$3,837,549$648,313$233,345$2,305,670
75$4,149,442$600,543$161,625$2,440,203
76$4,490,642$547,926$84,997$2,587,602
77$4,864,061$490,148$3,217$2,749,250
78$5,272,902$426,872$0$2,926,677
79$5,720,696$357,746$0$3,138,617
80$6,211,328$282,397$0$3,371,704
81$6,749,079$200,430$0$3,627,412
82$7,338,662$111,429$0$3,908,092
83$7,985,270$14,953$0$4,216,336
84$8,694,622$0$0$4,555,009
85$9,473,015$0$0$4,959,758
86$10,327,387$0$0$5,410,077
87$11,265,382$0$0$5,904,579
88$12,295,417$0$0$6,447,714
89$13,426,766$0$0$7,044,386
90$14,669,645$0$0$7,699,998
91$16,035,308$0$0$8,420,500
92$17,536,154$0$0$9,212,448
93$19,185,841$0$0$10,083,067
94$20,999,417$0$0$11,040,314
95$22,993,462$0$0$12,092,957
96$25,186,241$0$0$13,250,655
97$27,597,878$0$0$14,524,051
98$30,250,545$0$0$15,924,870
99$33,168,671$0$0$17,466,034
100$36,379,171$0$0$19,161,776