Can I retire at age 54 with 908,000?

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 $908,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.1%
1 years$74,982$74,314$73,662$73,026$72,405$69,753
2 years$37,120$36,428$35,758$35,109$34,479$31,836
3 years$24,501$23,806$23,138$22,495$21,875$19,325
4 years$18,192$17,500$16,839$16,206$15,601$13,164
5 years$14,408$13,720$13,067$12,448$11,860$9,541
6 years$11,887$11,204$10,560$9,955$9,384$7,186
7 years$10,086$9,409$8,776$8,184$7,632$5,553
8 years$8,736$8,065$7,443$6,866$6,331$4,370
9 years$7,687$7,022$6,410$5,848$5,332$3,486
10 years$6,848$6,190$5,589$5,041$4,543$2,809
11 years$6,162$5,510$4,920$4,387$3,907$2,281
12 years$5,591$4,946$4,366$3,848$3,386$1,864
13 years$5,108$4,470$3,901$3,397$2,953$1,531
14 years$4,694$4,063$3,505$3,016$2,588$1,262
15 years$4,336$3,711$3,165$2,690$2,279$1,044
16 years$4,023$3,405$2,869$2,408$2,014$866
17 years$3,747$3,136$2,611$2,164$1,786$719
18 years$3,502$2,898$2,383$1,950$1,588$599
19 years$3,283$2,686$2,182$1,762$1,415$499
20 years$3,086$2,496$2,002$1,596$1,264$417
21 years$2,908$2,325$1,842$1,448$1,131$348
22 years$2,747$2,170$1,698$1,317$1,014$291
23 years$2,599$2,029$1,567$1,199$910$243
24 years$2,465$1,901$1,450$1,094$818$204
25 years$2,341$1,784$1,343$999$736$171
26 years$2,227$1,677$1,245$913$663$143
27 years$2,121$1,578$1,156$836$598$120
28 years$2,024$1,487$1,075$766$539$101
29 years$1,933$1,403$1,000$702$487$84
30 years$1,848$1,325$932$645$440$71
31 years$1,769$1,253$869$592$398$59
32 years$1,695$1,185$810$544$360$50
33 years$1,626$1,122$757$500$326$42
34 years$1,561$1,064$707$460$295$35
35 years$1,500$1,009$661$424$267$29
36 years$1,442$958$618$390$242$25
37 years$1,388$910$579$360$219$21
38 years$1,336$864$542$331$199$17
39 years$1,288$822$508$306$180$15
40 years$1,241$782$476$282$164$12
41 years$1,198$744$446$260$148$10
42 years$1,156$709$419$240$135$9
43 years$1,116$676$393$222$122$7
44 years$1,079$644$369$205$111$6
45 years$1,043$614$346$189$101$5
46 years$1,009$586$325$175$91$4
47 years$976$559$306$161$83$4
48 years$945$534$287$149$75$3
49 years$915$510$270$138$68$3
50 years$887$487$254$127$62$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $908,000, adding $5,197 every year, while hoping to spend $21,588 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: 77/17/6 Blend
53$908,000$908,000$908,000$908,000
54$1,005,977$957,853$943,779$1,082,473
55$1,085,617$981,818$952,426$1,157,378
56$1,172,657$1,006,234$960,639$1,236,163
57$1,267,828$1,031,100$968,381$1,321,901
58$1,371,938$1,056,415$975,613$1,415,273
59$1,485,872$1,082,176$982,293$1,517,030
60$1,610,609$1,108,380$988,377$1,627,997
61$1,747,224$1,135,024$993,820$1,749,084
62$1,896,902$1,162,101$998,575$1,881,293
63$2,060,948$1,189,606$1,002,589$2,025,726
64$2,240,799$1,217,532$1,005,811$2,183,600
65$2,438,039$1,245,869$1,008,184$2,356,251
66$2,654,411$1,274,609$1,009,650$2,545,155
67$2,891,835$1,303,739$1,010,147$2,751,935
68$3,152,427$1,333,246$1,009,611$2,978,379
69$3,438,516$1,363,117$1,007,975$3,226,459
70$3,752,669$1,393,334$1,005,167$3,498,344
71$4,097,714$1,423,880$1,001,112$3,796,427
72$4,476,765$1,454,734$995,734$4,123,341
73$4,893,253$1,485,874$988,949$4,481,989
74$5,350,958$1,517,276$980,672$4,875,570
75$5,854,046$1,548,912$970,814$5,307,606
76$6,407,102$1,580,753$959,281$5,781,979
77$7,015,183$1,612,766$945,973$6,302,967
78$7,683,856$1,644,916$930,788$6,875,282
79$8,419,258$1,677,165$913,617$7,504,117
80$9,228,147$1,709,471$894,348$8,195,194
81$10,117,973$1,741,790$872,863$8,954,817
82$11,096,939$1,774,071$849,038$9,789,932
83$12,174,089$1,806,262$822,742$10,708,196
84$13,359,384$1,838,307$793,842$11,718,041
85$14,663,800$1,870,143$762,195$12,828,764
86$16,099,432$1,901,705$727,653$14,050,605
87$17,679,607$1,932,920$690,061$15,394,849
88$19,419,007$1,963,713$649,259$16,873,935
89$21,333,812$1,994,002$605,076$18,501,564
90$23,441,851$2,023,698$557,335$20,292,839
91$25,762,767$2,052,707$505,854$22,264,401
92$28,318,207$2,080,927$450,437$24,434,586
93$31,132,022$2,108,251$390,885$26,823,603
94$34,230,496$2,134,562$326,987$29,453,721
95$37,642,588$2,159,737$258,523$32,349,477
96$41,400,212$2,183,645$185,263$35,537,914
97$45,538,533$2,206,143$106,969$39,048,832
98$50,096,302$2,227,082$23,391$42,915,069
99$55,116,217$2,246,301$0$47,172,812
100$60,645,331$2,263,630$0$51,866,154