Can I retire at age 54 with 913,000?

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 $913,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.6%
1 years$75,395$74,723$74,068$73,428$72,804$71,131
2 years$37,324$36,629$35,955$35,302$34,669$32,992
3 years$24,636$23,937$23,265$22,618$21,995$20,368
4 years$18,293$17,597$16,931$16,295$15,687$14,121
5 years$14,488$13,796$13,139$12,516$11,925$10,425
6 years$11,952$11,265$10,619$10,009$9,436$8,004
7 years$10,141$9,461$8,824$8,229$7,674$6,309
8 years$8,784$8,110$7,484$6,903$6,366$5,069
9 years$7,729$7,061$6,446$5,880$5,361$4,130
10 years$6,886$6,224$5,619$5,069$4,568$3,402
11 years$6,196$5,541$4,947$4,411$3,929$2,826
12 years$5,621$4,973$4,391$3,869$3,405$2,363
13 years$5,136$4,494$3,923$3,416$2,969$1,987
14 years$4,720$4,085$3,525$3,032$2,602$1,679
15 years$4,360$3,732$3,182$2,704$2,291$1,423
16 years$4,045$3,424$2,885$2,421$2,025$1,210
17 years$3,767$3,153$2,625$2,176$1,796$1,032
18 years$3,521$2,914$2,397$1,961$1,597$881
19 years$3,301$2,700$2,194$1,772$1,423$754
20 years$3,103$2,509$2,014$1,605$1,271$647
21 years$2,924$2,337$1,852$1,456$1,138$555
22 years$2,762$2,182$1,707$1,324$1,020$477
23 years$2,614$2,041$1,576$1,206$915$410
24 years$2,478$1,912$1,458$1,100$823$353
25 years$2,354$1,794$1,350$1,004$740$304
26 years$2,239$1,686$1,252$918$667$262
27 years$2,133$1,587$1,163$841$601$226
28 years$2,035$1,495$1,081$770$542$195
29 years$1,944$1,411$1,006$706$490$168
30 years$1,858$1,332$937$648$443$145
31 years$1,779$1,259$873$595$400$125
32 years$1,705$1,192$815$547$362$108
33 years$1,635$1,129$761$503$328$94
34 years$1,570$1,070$711$463$297$81
35 years$1,508$1,015$665$426$269$70
36 years$1,450$963$622$392$243$60
37 years$1,395$915$582$362$221$52
38 years$1,344$869$545$333$200$45
39 years$1,295$826$511$307$181$39
40 years$1,248$786$479$283$164$34
41 years$1,204$749$449$262$149$29
42 years$1,162$713$421$241$135$25
43 years$1,123$679$395$223$123$22
44 years$1,085$647$371$206$112$19
45 years$1,049$617$348$190$101$16
46 years$1,014$589$327$175$92$14
47 years$981$562$307$162$83$12
48 years$950$537$289$150$76$11
49 years$920$512$271$138$69$9
50 years$891$489$255$128$63$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $913,000, adding $6,915 every year, while hoping to spend $34,180 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: 47/38/15 Blend
53$913,000$913,000$913,000$913,000
54$1,013,259$964,870$950,718$1,056,298
55$1,080,244$975,781$946,200$1,097,755
56$1,152,916$986,082$940,385$1,138,682
57$1,231,819$995,705$933,193$1,182,355
58$1,317,551$1,004,581$924,542$1,229,043
59$1,410,771$1,012,635$914,344$1,279,045
60$1,512,202$1,019,787$902,507$1,332,688
61$1,622,641$1,025,951$888,935$1,390,338
62$1,742,966$1,031,038$873,530$1,452,397
63$1,874,140$1,034,950$856,184$1,519,310
64$2,017,225$1,037,586$836,790$1,591,569
65$2,173,391$1,038,837$815,231$1,669,719
66$2,343,924$1,038,587$791,389$1,754,360
67$2,530,240$1,036,713$765,136$1,846,159
68$2,733,898$1,033,085$736,341$1,945,851
69$2,956,614$1,027,566$704,868$2,054,248
70$3,200,280$1,020,007$670,571$2,172,249
71$3,466,975$1,010,254$633,302$2,300,846
72$3,758,991$998,141$592,902$2,441,136
73$4,078,852$983,494$549,209$2,594,332
74$4,429,337$966,127$502,049$2,761,772
75$4,813,506$945,844$451,245$2,944,935
76$5,234,731$922,437$396,608$3,145,456
77$5,696,723$895,686$337,944$3,365,139
78$6,203,571$865,358$275,048$3,605,979
79$6,759,781$831,206$207,708$3,870,176
80$7,370,312$792,969$135,700$4,160,162
81$8,040,631$750,371$58,792$4,478,622
82$8,776,756$703,119$0$4,828,519
83$9,585,319$650,906$0$5,216,853
84$10,473,625$593,404$0$5,653,793
85$11,449,723$530,269$0$6,133,951
86$12,522,478$461,136$0$6,661,774
87$13,701,658$385,619$0$7,242,165
88$14,998,023$303,310$0$7,880,537
89$16,423,430$213,781$0$8,582,859
90$17,990,941$116,577$0$9,355,713
91$19,714,945$11,218$0$10,206,362
92$21,611,299$0$0$11,142,817
93$23,697,472$0$0$12,216,899
94$25,992,713$0$0$13,403,902
95$28,518,227$0$0$14,710,116
96$31,297,384$0$0$16,147,643
97$34,355,929$0$0$17,729,816
98$37,722,231$0$0$19,471,327
99$41,427,549$0$0$21,388,363
100$45,506,325$0$0$23,498,763