Can I retire at age 54 with 910,000?

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 $910,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12%
1 years$75,147$74,478$73,825$73,187$72,565$71,957
2 years$37,201$36,509$35,837$35,186$34,555$33,942
3 years$24,555$23,859$23,189$22,544$21,923$21,324
4 years$18,232$17,539$16,876$16,242$15,636$15,056
5 years$14,440$13,751$13,096$12,475$11,886$11,327
6 years$11,913$11,228$10,584$9,977$9,405$8,867
7 years$10,108$9,430$8,795$8,202$7,649$7,132
8 years$8,755$8,083$7,459$6,881$6,345$5,850
9 years$7,704$7,038$6,424$5,861$5,344$4,870
10 years$6,863$6,203$5,601$5,052$4,553$4,100
11 years$6,175$5,522$4,931$4,397$3,916$3,484
12 years$5,603$4,957$4,376$3,857$3,393$2,982
13 years$5,119$4,479$3,910$3,405$2,959$2,567
14 years$4,704$4,072$3,513$3,022$2,594$2,221
15 years$4,345$3,719$3,172$2,695$2,284$1,930
16 years$4,032$3,413$2,876$2,413$2,019$1,683
17 years$3,755$3,143$2,617$2,168$1,790$1,472
18 years$3,510$2,904$2,389$1,954$1,591$1,291
19 years$3,290$2,692$2,187$1,766$1,418$1,134
20 years$3,093$2,501$2,007$1,599$1,267$999
21 years$2,915$2,330$1,846$1,451$1,134$881
22 years$2,753$2,175$1,701$1,320$1,016$778
23 years$2,605$2,034$1,571$1,202$912$688
24 years$2,470$1,906$1,453$1,096$820$609
25 years$2,346$1,788$1,346$1,001$738$540
26 years$2,232$1,681$1,248$915$665$479
27 years$2,126$1,582$1,159$838$599$425
28 years$2,028$1,491$1,077$768$541$377
29 years$1,937$1,406$1,003$704$488$335
30 years$1,852$1,328$934$646$441$298
31 years$1,773$1,255$871$593$399$265
32 years$1,699$1,188$812$545$361$236
33 years$1,630$1,125$758$501$326$210
34 years$1,564$1,066$709$461$296$187
35 years$1,503$1,011$662$425$268$167
36 years$1,445$960$620$391$243$149
37 years$1,391$912$580$360$220$132
38 years$1,339$866$543$332$199$118
39 years$1,290$824$509$306$181$105
40 years$1,244$784$477$283$164$94
41 years$1,200$746$447$261$149$84
42 years$1,159$711$420$241$135$75
43 years$1,119$677$394$222$122$67
44 years$1,081$645$370$205$111$59
45 years$1,045$615$347$189$101$53
46 years$1,011$587$326$175$92$47
47 years$978$560$306$162$83$42
48 years$947$535$288$149$76$38
49 years$917$511$270$138$69$34
50 years$888$488$254$128$62$30

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $910,000, adding $2,164 every year, while hoping to spend $52,643 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: 46/34/20 Blend
53$910,000$910,000$910,000$910,000
54$1,005,052$956,822$942,717$1,045,444
55$1,051,556$947,695$918,286$1,064,806
56$1,101,038$936,356$891,273$1,080,386
57$1,153,748$922,641$861,535$1,096,195
58$1,209,957$906,377$828,923$1,112,279
59$1,269,963$887,380$793,282$1,128,690
60$1,334,092$865,454$754,450$1,145,492
61$1,402,702$840,394$712,256$1,162,758
62$1,476,185$811,981$666,524$1,180,570
63$1,554,971$779,983$617,068$1,199,027
64$1,639,532$744,156$563,693$1,218,241
65$1,730,386$704,241$506,198$1,238,341
66$1,828,100$659,964$444,372$1,259,472
67$1,933,300$611,036$377,992$1,281,803
68$2,046,671$557,151$306,829$1,305,525
69$2,168,965$497,985$230,641$1,330,853
70$2,301,009$433,196$149,177$1,358,034
71$2,443,712$362,423$62,175$1,387,345
72$2,598,073$285,284$0$1,419,100
73$2,765,189$201,375$0$1,460,199
74$2,946,268$110,272$0$1,519,078
75$3,142,636$11,525$0$1,582,967
76$3,355,753$0$0$1,652,438
77$3,587,224$0$0$1,763,795
78$3,838,815$0$0$1,889,610
79$4,112,466$0$0$2,026,554
80$4,410,317$0$0$2,175,709
81$4,734,716$0$0$2,338,264
82$5,088,253$0$0$2,515,531
83$5,473,775$0$0$2,708,949
84$5,894,415$0$0$2,920,107
85$6,353,623$0$0$3,150,750
86$6,855,197$0$0$3,402,802
87$7,403,316$0$0$3,678,380
88$8,002,584$0$0$3,979,813
89$8,658,067$0$0$4,309,670
90$9,375,345$0$0$4,670,775
91$10,160,561$0$0$5,066,241
92$11,020,481$0$0$5,499,494
93$11,962,554$0$0$5,974,309
94$12,994,985$0$0$6,494,842
95$14,126,809$0$0$7,065,670
96$15,367,980$0$0$7,691,836
97$16,729,457$0$0$8,378,894
98$18,223,314$0$0$9,132,959
99$19,862,849$0$0$9,960,771
100$21,662,711$0$0$10,869,752