Can I retire at age 54 with 904,000?

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 $904,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.5%
1 years$74,651$73,987$73,338$72,705$72,086$71,632
2 years$36,956$36,268$35,601$34,954$34,327$33,869
3 years$24,393$23,701$23,036$22,395$21,778$21,330
4 years$18,112$17,423$16,764$16,135$15,532$15,098
5 years$14,345$13,660$13,010$12,393$11,808$11,388
6 years$11,834$11,154$10,514$9,911$9,343$8,939
7 years$10,042$9,367$8,737$8,148$7,598$7,210
8 years$8,698$8,030$7,410$6,835$6,304$5,931
9 years$7,653$6,991$6,382$5,822$5,308$4,952
10 years$6,818$6,162$5,564$5,019$4,523$4,182
11 years$6,135$5,486$4,898$4,368$3,890$3,564
12 years$5,566$4,924$4,347$3,831$3,371$3,060
13 years$5,085$4,450$3,884$3,382$2,940$2,643
14 years$4,673$4,045$3,490$3,002$2,577$2,294
15 years$4,317$3,695$3,151$2,678$2,269$2,000
16 years$4,005$3,390$2,857$2,398$2,005$1,750
17 years$3,730$3,122$2,599$2,154$1,778$1,536
18 years$3,486$2,885$2,373$1,941$1,581$1,352
19 years$3,268$2,674$2,172$1,754$1,409$1,192
20 years$3,072$2,485$1,994$1,589$1,259$1,053
21 years$2,895$2,314$1,834$1,442$1,126$932
22 years$2,735$2,160$1,690$1,311$1,010$827
23 years$2,588$2,021$1,561$1,194$906$734
24 years$2,454$1,893$1,443$1,089$815$652
25 years$2,331$1,777$1,337$995$733$580
26 years$2,217$1,670$1,240$909$660$516
27 years$2,112$1,571$1,151$832$595$460
28 years$2,015$1,481$1,070$763$537$410
29 years$1,924$1,397$996$699$485$366
30 years$1,840$1,319$928$642$438$327
31 years$1,762$1,247$865$589$396$292
32 years$1,688$1,180$807$542$358$261
33 years$1,619$1,117$753$498$324$233
34 years$1,554$1,059$704$458$294$209
35 years$1,493$1,005$658$422$266$187
36 years$1,436$953$616$389$241$167
37 years$1,382$906$576$358$218$149
38 years$1,330$861$540$330$198$134
39 years$1,282$818$506$304$180$120
40 years$1,236$779$474$281$163$107
41 years$1,192$741$444$259$148$96
42 years$1,151$706$417$239$134$86
43 years$1,112$673$391$221$122$77
44 years$1,074$641$367$204$110$69
45 years$1,038$611$345$188$100$62
46 years$1,004$583$324$174$91$55
47 years$972$557$304$161$83$50
48 years$941$531$286$148$75$45
49 years$911$507$269$137$68$40
50 years$883$485$253$127$62$36

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $904,000, adding $5,085 every year, while hoping to spend $31,878 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: 50/40/10 Blend
53$904,000$904,000$904,000$904,000
54$1,001,453$953,541$939,529$1,048,619
55$1,069,683$966,347$937,085$1,094,231
56$1,143,805$978,711$933,491$1,139,967
57$1,224,384$990,580$928,675$1,188,930
58$1,312,046$1,001,893$922,560$1,241,431
59$1,407,477$1,012,588$915,068$1,297,814
60$1,511,433$1,022,597$906,116$1,358,457
61$1,624,744$1,031,850$895,616$1,423,781
62$1,748,326$1,040,268$883,477$1,494,248
63$1,883,186$1,047,772$869,604$1,570,369
64$2,030,432$1,054,274$853,897$1,652,708
65$2,191,285$1,059,683$836,252$1,741,888
66$2,367,088$1,063,899$816,558$1,838,597
67$2,559,320$1,066,820$794,702$1,943,595
68$2,769,610$1,068,333$770,564$2,057,719
69$2,999,750$1,068,321$744,018$2,181,896
70$3,251,716$1,066,660$714,933$2,317,148
71$3,527,680$1,063,215$683,173$2,464,603
72$3,830,038$1,057,848$648,593$2,625,506
73$4,161,426$1,050,407$611,046$2,801,232
74$4,524,749$1,040,734$570,373$2,993,298
75$4,923,205$1,028,661$526,412$3,203,381
76$5,360,316$1,014,010$478,991$3,433,328
77$5,839,964$996,592$427,933$3,685,179
78$6,366,422$976,206$373,050$3,961,188
79$6,944,398$952,642$314,148$4,263,839
80$7,579,079$925,673$251,024$4,595,875
81$8,276,177$895,063$183,466$4,960,321
82$9,041,986$860,561$111,251$5,360,518
83$9,883,440$821,899$34,149$5,800,151
84$10,808,175$778,797$0$6,283,284
85$11,824,608$730,956$0$6,819,540
86$12,942,007$678,062$0$7,412,953
87$14,170,587$619,782$0$8,065,364
88$15,521,599$555,764$0$8,782,825
89$17,007,442$485,636$0$9,572,011
90$18,641,773$409,005$0$10,440,283
91$20,439,643$325,455$0$11,395,759
92$22,417,633$234,548$0$12,447,390
93$24,594,011$135,821$0$13,605,050
94$26,988,908$28,784$0$14,879,624
95$29,624,504$0$0$16,283,116
96$32,525,236$0$0$17,867,091
97$35,718,032$0$0$19,624,610
98$39,232,563$0$0$21,559,352
99$43,101,522$0$0$23,689,328
100$47,360,932$0$0$26,034,386