Can I retire at age 54 with 902,000?

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 $902,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.6%
1 years$74,486$73,823$73,176$72,544$71,927$71,444
2 years$36,874$36,188$35,522$34,877$34,251$33,763
3 years$24,339$23,649$22,985$22,346$21,730$21,254
4 years$18,072$17,385$16,727$16,099$15,498$15,036
5 years$14,313$13,630$12,981$12,366$11,781$11,336
6 years$11,808$11,130$10,491$9,889$9,322$8,893
7 years$10,019$9,347$8,718$8,130$7,581$7,169
8 years$8,678$8,012$7,393$6,820$6,290$5,894
9 years$7,636$6,976$6,368$5,809$5,297$4,918
10 years$6,803$6,149$5,552$5,008$4,513$4,151
11 years$6,121$5,474$4,888$4,358$3,881$3,535
12 years$5,554$4,913$4,338$3,823$3,364$3,033
13 years$5,074$4,440$3,875$3,375$2,933$2,618
14 years$4,663$4,036$3,482$2,996$2,571$2,272
15 years$4,307$3,687$3,144$2,672$2,264$1,979
16 years$3,996$3,383$2,850$2,392$2,001$1,730
17 years$3,722$3,115$2,594$2,149$1,774$1,518
18 years$3,479$2,879$2,368$1,937$1,577$1,334
19 years$3,261$2,668$2,168$1,750$1,406$1,176
20 years$3,066$2,479$1,989$1,585$1,256$1,039
21 years$2,889$2,309$1,830$1,439$1,124$919
22 years$2,729$2,156$1,686$1,308$1,007$814
23 years$2,582$2,016$1,557$1,191$904$722
24 years$2,448$1,889$1,440$1,087$813$641
25 years$2,325$1,773$1,334$992$731$570
26 years$2,212$1,666$1,237$907$659$507
27 years$2,107$1,568$1,149$830$594$451
28 years$2,010$1,477$1,068$761$536$402
29 years$1,920$1,394$994$698$484$359
30 years$1,836$1,316$926$640$437$320
31 years$1,758$1,244$863$588$395$285
32 years$1,684$1,177$805$541$358$255
33 years$1,615$1,115$752$497$324$228
34 years$1,551$1,057$702$457$293$203
35 years$1,490$1,002$657$421$265$182
36 years$1,433$951$614$388$240$163
37 years$1,379$904$575$357$218$145
38 years$1,327$859$538$329$198$130
39 years$1,279$817$504$304$179$116
40 years$1,233$777$473$280$163$104
41 years$1,190$740$443$258$147$93
42 years$1,148$704$416$238$134$83
43 years$1,109$671$390$220$121$75
44 years$1,072$640$366$203$110$67
45 years$1,036$610$344$188$100$60
46 years$1,002$582$323$173$91$54
47 years$970$555$304$160$82$48
48 years$939$530$285$148$75$43
49 years$909$506$268$137$68$38
50 years$881$484$252$126$62$34

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $902,000, adding $5,462 every year, while hoping to spend $56,164 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: 25/46/29 Blend
53$902,000$902,000$902,000$902,000
54$999,638$951,832$937,851$1,015,460
55$1,041,843$938,714$909,511$1,016,040
56$1,086,471$923,070$878,339$1,011,552
57$1,133,709$904,719$844,181$1,005,586
58$1,183,762$883,465$806,877$998,054
59$1,236,855$859,104$766,256$988,871
60$1,293,232$831,418$722,144$977,945
61$1,353,162$800,177$674,356$965,185
62$1,416,937$765,139$622,699$950,497
63$1,484,878$726,044$566,973$933,783
64$1,557,337$682,622$506,968$914,947
65$1,634,698$634,583$442,465$893,891
66$1,717,384$581,624$373,233$870,514
67$1,805,855$523,422$299,035$844,718
68$1,900,620$459,637$219,620$816,402
69$2,002,233$389,909$134,727$785,470
70$2,111,305$313,859$44,085$751,823
71$2,228,505$231,085$0$715,367
72$2,354,567$141,163$0$692,303
73$2,490,299$43,646$0$681,869
74$2,636,586$0$0$670,426
75$2,794,400$0$0$689,353
76$2,964,812$0$0$733,765
77$3,148,995$0$0$781,892
78$3,348,240$0$0$834,086
79$3,563,967$0$0$890,736
80$3,797,736$0$0$952,268
81$4,051,262$0$0$1,019,153
82$4,326,431$0$0$1,091,908
83$4,625,319$0$0$1,171,101
84$4,950,208$0$0$1,257,357
85$5,303,608$0$0$1,351,367
86$5,688,281$0$0$1,453,886
87$6,107,269$0$0$1,565,751
88$6,563,914$0$0$1,687,877
89$7,061,900$0$0$1,821,277
90$7,605,276$0$0$1,967,062
91$8,198,503$0$0$2,126,458
92$8,846,490$0$0$2,300,814
93$9,554,642$0$0$2,491,613
94$10,328,909$0$0$2,700,492
95$11,175,840$0$0$2,929,250
96$12,102,651$0$0$3,179,871
97$13,117,282$0$0$3,454,538
98$14,228,482$0$0$3,755,656
99$15,445,880$0$0$4,085,875
100$16,780,085$0$0$4,448,110