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%13.2%
1 years$74,321$73,659$73,013$72,383$71,767$70,812
2 years$36,793$36,107$35,443$34,799$34,175$33,214
3 years$24,285$23,597$22,934$22,296$21,682$20,745
4 years$18,032$17,346$16,690$16,063$15,464$14,558
5 years$14,281$13,599$12,952$12,338$11,755$10,884
6 years$11,782$11,105$10,467$9,867$9,302$8,465
7 years$9,997$9,326$8,698$8,112$7,565$6,764
8 years$8,659$7,994$7,377$6,805$6,276$5,510
9 years$7,619$6,960$6,354$5,796$5,285$4,555
10 years$6,787$6,135$5,539$4,997$4,503$3,807
11 years$6,108$5,462$4,877$4,348$3,873$3,211
12 years$5,541$4,902$4,328$3,814$3,356$2,727
13 years$5,063$4,430$3,867$3,367$2,927$2,330
14 years$4,653$4,027$3,474$2,989$2,565$2,000
15 years$4,298$3,679$3,137$2,666$2,259$1,724
16 years$3,987$3,375$2,844$2,387$1,996$1,491
17 years$3,714$3,108$2,588$2,145$1,770$1,293
18 years$3,471$2,872$2,362$1,933$1,574$1,124
19 years$3,254$2,662$2,163$1,746$1,403$979
20 years$3,059$2,474$1,985$1,582$1,253$855
21 years$2,883$2,304$1,826$1,436$1,121$747
22 years$2,722$2,151$1,683$1,305$1,005$654
23 years$2,577$2,012$1,554$1,189$902$573
24 years$2,443$1,885$1,437$1,084$811$502
25 years$2,320$1,769$1,331$990$730$441
26 years$2,207$1,662$1,234$905$657$388
27 years$2,103$1,564$1,146$829$593$341
28 years$2,006$1,474$1,065$759$535$300
29 years$1,916$1,391$991$696$483$264
30 years$1,832$1,313$924$639$436$232
31 years$1,754$1,242$861$587$394$205
32 years$1,680$1,175$803$539$357$180
33 years$1,612$1,113$750$496$323$159
34 years$1,547$1,054$701$456$292$140
35 years$1,487$1,000$655$420$265$124
36 years$1,429$949$613$387$240$109
37 years$1,375$902$574$356$217$96
38 years$1,324$857$537$329$197$85
39 years$1,276$815$503$303$179$75
40 years$1,230$775$472$279$162$66
41 years$1,187$738$442$258$147$58
42 years$1,146$703$415$238$133$51
43 years$1,107$670$389$220$121$45
44 years$1,069$638$366$203$110$40
45 years$1,034$609$343$187$100$35
46 years$1,000$581$322$173$91$31
47 years$968$554$303$160$82$28
48 years$937$529$285$148$75$24
49 years$907$505$267$136$68$22
50 years$879$482$251$126$62$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $900,000, adding $2,766 every year, while hoping to spend $35,391 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: 66/24/10 Blend
53$900,000$900,000$900,000$900,000
54$994,653$946,953$933,003$1,058,027
55$1,058,452$955,698$926,603$1,109,308
56$1,127,572$963,685$918,802$1,160,883
57$1,202,519$970,841$909,517$1,216,336
58$1,283,849$977,084$898,658$1,276,042
59$1,372,172$982,332$886,134$1,340,416
60$1,468,161$986,494$871,847$1,409,913
61$1,572,556$989,475$855,697$1,485,037
62$1,686,171$991,173$837,577$1,566,344
63$1,809,901$991,481$817,376$1,654,446
64$1,944,731$990,284$794,978$1,750,020
65$2,091,745$987,460$770,262$1,853,810
66$2,252,138$982,880$743,100$1,966,640
67$2,427,222$976,407$713,360$2,089,417
68$2,618,444$967,896$680,903$2,223,141
69$2,827,395$957,193$645,583$2,368,917
70$3,055,828$944,134$607,249$2,527,962
71$3,305,673$928,547$565,742$2,701,621
72$3,579,053$910,248$520,896$2,891,375
73$3,878,309$889,042$472,538$3,098,858
74$4,206,016$864,724$420,487$3,325,875
75$4,565,010$837,077$364,554$3,574,414
76$4,958,417$805,869$304,542$3,846,669
77$5,389,676$770,857$240,245$4,145,060
78$5,862,576$731,782$171,447$4,472,256
79$6,381,292$688,373$97,923$4,831,200
80$6,950,420$640,339$19,440$5,225,140
81$7,575,023$587,376$0$5,657,656
82$8,260,679$529,161$0$6,139,559
83$9,013,532$465,353$0$6,671,002
84$9,840,349$395,592$0$7,254,740
85$10,748,585$319,497$0$7,896,100
86$11,746,454$236,666$0$8,600,954
87$12,843,003$146,673$0$9,375,775
88$14,048,201$49,071$0$10,227,699
89$15,373,027$0$0$11,164,596
90$16,829,581$0$0$12,210,089
91$18,431,192$0$0$13,374,014
92$20,192,544$0$0$14,654,093
93$22,129,817$0$0$16,062,092
94$24,260,837$0$0$17,610,974
95$26,605,246$0$0$19,315,025
96$29,184,683$0$0$21,189,983
97$32,022,992$0$0$23,253,189
98$35,146,445$0$0$25,523,749
99$38,583,989$0$0$28,022,716
100$42,367,520$0$0$30,773,287