Can I retire at age 54 with 907,000?

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 $907,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.9%
1 years$74,899$74,232$73,581$72,946$72,325$71,157
2 years$37,079$36,388$35,719$35,070$34,441$33,266
3 years$24,474$23,780$23,113$22,470$21,851$20,707
4 years$18,172$17,481$16,820$16,188$15,584$14,480
5 years$14,393$13,705$13,053$12,434$11,847$10,786
6 years$11,873$11,191$10,549$9,944$9,374$8,358
7 years$10,075$9,398$8,766$8,175$7,624$6,652
8 years$8,726$8,056$7,434$6,858$6,324$5,397
9 years$7,678$7,014$6,403$5,841$5,326$4,443
10 years$6,840$6,183$5,582$5,035$4,538$3,698
11 years$6,155$5,504$4,915$4,382$3,903$3,105
12 years$5,584$4,940$4,362$3,844$3,382$2,625
13 years$5,102$4,465$3,897$3,394$2,949$2,233
14 years$4,689$4,058$3,501$3,012$2,585$1,908
15 years$4,331$3,707$3,161$2,687$2,276$1,636
16 years$4,018$3,401$2,866$2,406$2,012$1,408
17 years$3,743$3,132$2,608$2,161$1,784$1,215
18 years$3,498$2,895$2,381$1,948$1,586$1,051
19 years$3,279$2,683$2,180$1,760$1,414$911
20 years$3,083$2,493$2,000$1,594$1,263$791
21 years$2,905$2,322$1,840$1,447$1,130$688
22 years$2,744$2,167$1,696$1,315$1,013$599
23 years$2,597$2,027$1,566$1,198$909$522
24 years$2,462$1,899$1,448$1,093$817$455
25 years$2,338$1,782$1,341$998$735$397
26 years$2,224$1,675$1,244$912$662$347
27 years$2,119$1,577$1,155$835$597$304
28 years$2,022$1,486$1,074$765$539$266
29 years$1,931$1,401$999$702$487$232
30 years$1,846$1,324$931$644$440$203
31 years$1,767$1,251$868$591$398$178
32 years$1,694$1,184$810$544$360$156
33 years$1,624$1,121$756$500$325$137
34 years$1,559$1,063$706$460$295$120
35 years$1,498$1,008$660$423$267$105
36 years$1,441$957$618$390$242$92
37 years$1,386$909$578$359$219$81
38 years$1,335$863$541$331$199$71
39 years$1,286$821$507$305$180$62
40 years$1,240$781$475$282$163$55
41 years$1,196$744$446$260$148$48
42 years$1,155$708$418$240$135$42
43 years$1,115$675$392$221$122$37
44 years$1,078$643$368$204$111$32
45 years$1,042$613$346$189$101$28
46 years$1,008$585$325$174$91$25
47 years$975$558$305$161$83$22
48 years$944$533$287$149$75$19
49 years$914$509$270$138$68$17
50 years$886$486$253$127$62$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $907,000, adding $5,260 every year, while hoping to spend $52,800 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: 89/6/5 Blend
53$907,000$907,000$907,000$907,000
54$1,004,940$956,869$942,810$1,094,052
55$1,051,265$947,576$918,216$1,143,508
56$1,100,545$936,059$891,027$1,189,880
57$1,153,027$922,152$861,103$1,239,106
58$1,208,979$905,681$828,293$1,291,430
59$1,268,696$886,461$792,442$1,347,122
60$1,332,501$864,295$753,387$1,406,479
61$1,400,747$838,977$710,957$1,469,824
62$1,473,823$810,286$664,973$1,537,517
63$1,552,155$777,992$615,251$1,609,950
64$1,636,207$741,846$561,595$1,687,556
65$1,726,494$701,590$503,802$1,770,811
66$1,823,577$656,949$441,660$1,860,237
67$1,928,073$607,631$374,947$1,956,411
68$2,040,661$553,329$303,432$2,059,966
69$2,162,084$493,717$226,872$2,171,600
70$2,293,160$428,453$145,016$2,292,080
71$2,434,788$357,173$57,600$2,422,251
72$2,587,956$279,494$0$2,563,044
73$2,753,748$195,010$0$2,717,388
74$2,933,359$103,294$0$2,887,909
75$3,128,100$3,894$0$3,072,790
76$3,339,414$0$0$3,273,416
77$3,568,888$0$0$3,498,157
78$3,818,267$0$0$3,742,676
79$4,089,471$0$0$4,008,598
80$4,384,613$0$0$4,297,996
81$4,706,017$0$0$4,613,149
82$5,056,240$0$0$4,956,565
83$5,438,098$0$0$5,331,005
84$5,854,689$0$0$5,739,508
85$6,309,421$0$0$6,185,416
86$6,806,050$0$0$6,672,413
87$7,348,706$0$0$7,204,550
88$7,941,938$0$0$7,786,289
89$8,590,756$0$0$8,422,542
90$9,300,674$0$0$9,118,718
91$10,077,763$0$0$9,880,771
92$10,928,711$0$0$10,715,259
93$11,860,880$0$0$11,629,406
94$12,882,381$0$0$12,631,162
95$14,002,142$0$0$13,729,288
96$15,230,001$0$0$14,933,429
97$16,576,789$0$0$16,254,211
98$18,054,441$0$0$17,703,337
99$19,676,097$0$0$19,293,696
100$21,456,235$0$0$21,039,487