Can I retire at age 54 with 911,000?

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 $911,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.1%
1 years$75,230$74,559$73,906$73,268$72,644$71,120
2 years$37,242$36,549$35,877$35,225$34,593$33,063
3 years$24,582$23,885$23,214$22,569$21,947$20,461
4 years$18,252$17,558$16,894$16,260$15,653$14,222
5 years$14,456$13,766$13,111$12,489$11,899$10,527
6 years$11,926$11,241$10,595$9,987$9,415$8,104
7 years$10,119$9,440$8,805$8,211$7,657$6,407
8 years$8,765$8,092$7,467$6,888$6,352$5,162
9 years$7,712$7,045$6,431$5,867$5,350$4,219
10 years$6,870$6,210$5,607$5,058$4,558$3,486
11 years$6,182$5,529$4,936$4,402$3,920$2,905
12 years$5,609$4,962$4,381$3,861$3,397$2,437
13 years$5,125$4,484$3,914$3,409$2,962$2,056
14 years$4,710$4,076$3,517$3,026$2,597$1,743
15 years$4,350$3,724$3,175$2,698$2,286$1,483
16 years$4,036$3,416$2,879$2,416$2,021$1,265
17 years$3,759$3,146$2,620$2,171$1,792$1,082
18 years$3,513$2,907$2,391$1,956$1,593$928
19 years$3,294$2,694$2,189$1,768$1,420$797
20 years$3,096$2,504$2,009$1,601$1,268$686
21 years$2,918$2,332$1,848$1,453$1,135$591
22 years$2,756$2,177$1,703$1,321$1,017$510
23 years$2,608$2,036$1,573$1,203$913$440
24 years$2,473$1,908$1,454$1,097$821$380
25 years$2,349$1,790$1,347$1,002$739$329
26 years$2,234$1,683$1,249$916$665$285
27 years$2,128$1,584$1,160$839$600$246
28 years$2,030$1,492$1,078$768$541$214
29 years$1,939$1,408$1,004$705$489$185
30 years$1,854$1,329$935$647$442$160
31 years$1,775$1,257$872$594$399$139
32 years$1,701$1,189$813$546$361$121
33 years$1,631$1,126$759$502$327$105
34 years$1,566$1,067$709$462$296$91
35 years$1,505$1,012$663$425$268$79
36 years$1,447$961$620$392$243$68
37 years$1,392$913$581$361$220$59
38 years$1,341$867$544$333$200$52
39 years$1,292$825$509$307$181$45
40 years$1,245$785$478$283$164$39
41 years$1,202$747$448$261$149$34
42 years$1,160$711$420$241$135$29
43 years$1,120$678$394$222$123$25
44 years$1,082$646$370$205$111$22
45 years$1,046$616$347$190$101$19
46 years$1,012$588$326$175$92$17
47 years$979$561$307$162$83$14
48 years$948$535$288$149$76$13
49 years$918$511$271$138$69$11
50 years$889$488$255$128$62$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $911,000, adding $3,223 every year, while hoping to spend $29,117 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: 39/45/16 Blend
53$911,000$911,000$911,000$911,000
54$1,007,247$958,964$944,843$1,041,589
55$1,079,005$974,972$945,515$1,082,403
56$1,157,108$990,790$945,234$1,123,455
57$1,242,170$1,006,376$943,936$1,167,224
58$1,334,870$1,021,687$941,557$1,213,968
59$1,435,955$1,036,678$938,027$1,263,977
60$1,546,245$1,051,298$933,274$1,317,568
61$1,666,646$1,065,495$927,222$1,375,091
62$1,798,152$1,079,213$919,792$1,436,935
63$1,941,859$1,092,390$910,901$1,503,529
64$2,098,974$1,104,962$900,461$1,575,346
65$2,270,824$1,116,860$888,381$1,652,909
66$2,458,872$1,128,010$874,566$1,736,797
67$2,664,728$1,138,334$858,915$1,827,648
68$2,890,166$1,147,747$841,325$1,926,166
69$3,137,138$1,156,162$821,684$2,033,133
70$3,407,795$1,163,483$799,879$2,149,407
71$3,704,504$1,169,608$775,790$2,275,939
72$4,029,876$1,174,431$749,290$2,413,779
73$4,386,781$1,177,836$720,250$2,564,087
74$4,778,386$1,179,703$688,531$2,728,141
75$5,208,175$1,179,902$653,991$2,907,357
76$5,679,988$1,178,296$616,479$3,103,293
77$6,198,054$1,174,740$575,838$3,317,675
78$6,767,032$1,169,079$531,905$3,552,403
79$7,392,055$1,161,149$484,509$3,809,578
80$8,078,775$1,150,776$433,471$4,091,519
81$8,833,422$1,137,776$378,604$4,400,784
82$9,662,857$1,121,954$319,714$4,740,198
83$10,574,640$1,103,101$256,596$5,112,879
84$11,577,099$1,080,999$189,038$5,522,267
85$12,679,411$1,055,415$116,817$5,972,161
86$13,891,683$1,026,103$39,704$6,466,749
87$15,225,055$992,802$0$7,010,657
88$16,691,799$955,237$0$7,616,257
89$18,305,434$913,116$0$8,289,616
90$20,080,859$866,129$0$9,030,203
91$22,034,488$813,951$0$9,844,919
92$24,184,406$756,235$0$10,741,373
93$26,550,542$692,617$0$11,727,959
94$29,154,852$622,710$0$12,813,928
95$32,021,531$546,107$0$14,009,488
96$35,177,237$462,376$0$15,325,891
97$38,651,345$371,062$0$16,775,546
98$42,476,221$271,683$0$18,372,138
99$46,687,532$163,732$0$20,130,753
100$51,324,577$46,671$0$22,068,028