Can I retire at age 54 with 917,000?

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 $917,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14%
1 years$75,725$75,050$74,392$73,750$73,123$71,911
2 years$37,488$36,789$36,113$35,457$34,820$33,603
3 years$24,743$24,042$23,367$22,717$22,092$20,907
4 years$18,373$17,674$17,005$16,367$15,756$14,613
5 years$14,551$13,856$13,197$12,571$11,977$10,879
6 years$12,004$11,315$10,665$10,053$9,477$8,425
7 years$10,186$9,502$8,863$8,265$7,708$6,702
8 years$8,823$8,145$7,516$6,934$6,394$5,434
9 years$7,763$7,092$6,474$5,906$5,385$4,471
10 years$6,916$6,251$5,644$5,091$4,588$3,719
11 years$6,223$5,565$4,969$4,431$3,946$3,121
12 years$5,646$4,995$4,410$3,886$3,419$2,637
13 years$5,158$4,514$3,940$3,431$2,982$2,241
14 years$4,741$4,103$3,540$3,046$2,614$1,914
15 years$4,379$3,748$3,196$2,716$2,301$1,640
16 years$4,063$3,439$2,898$2,432$2,034$1,411
17 years$3,784$3,167$2,637$2,185$1,804$1,216
18 years$3,537$2,926$2,407$1,969$1,604$1,051
19 years$3,315$2,712$2,204$1,779$1,429$911
20 years$3,117$2,520$2,022$1,612$1,277$790
21 years$2,937$2,348$1,860$1,463$1,143$686
22 years$2,774$2,191$1,714$1,330$1,024$597
23 years$2,625$2,050$1,583$1,211$919$520
24 years$2,489$1,920$1,464$1,105$826$453
25 years$2,364$1,802$1,356$1,009$744$395
26 years$2,249$1,694$1,258$922$670$345
27 years$2,142$1,594$1,168$844$604$302
28 years$2,044$1,502$1,086$774$545$264
29 years$1,952$1,417$1,010$709$492$230
30 years$1,867$1,338$941$651$445$202
31 years$1,787$1,265$877$598$402$176
32 years$1,712$1,197$818$549$364$154
33 years$1,642$1,134$764$505$329$135
34 years$1,576$1,074$714$465$298$118
35 years$1,515$1,019$668$428$270$104
36 years$1,456$967$625$394$244$91
37 years$1,401$919$585$363$222$80
38 years$1,349$873$547$335$201$70
39 years$1,300$830$513$309$182$61
40 years$1,254$790$481$285$165$54
41 years$1,209$752$451$263$150$47
42 years$1,167$716$423$242$136$41
43 years$1,128$682$397$224$123$36
44 years$1,090$650$372$207$112$32
45 years$1,053$620$350$191$102$28
46 years$1,019$592$328$176$92$24
47 years$986$565$309$163$84$21
48 years$954$539$290$150$76$19
49 years$924$515$273$139$69$16
50 years$895$492$256$129$63$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $917,000, adding $6,838 every year, while hoping to spend $32,952 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: 61/17/22 Blend
53$917,000$917,000$917,000$917,000
54$1,017,587$968,986$954,773$1,073,379
55$1,086,321$981,406$951,697$1,124,380
56$1,160,960$993,330$947,414$1,175,793
57$1,242,074$1,004,699$941,848$1,231,170
58$1,330,286$1,015,450$934,921$1,290,901
59$1,426,284$1,025,515$926,549$1,355,419
60$1,530,823$1,034,824$916,647$1,425,198
61$1,644,736$1,043,299$905,123$1,500,764
62$1,768,937$1,050,859$891,883$1,582,696
63$1,904,435$1,057,417$876,827$1,671,633
64$2,052,338$1,062,881$859,851$1,768,282
65$2,213,867$1,067,153$840,847$1,873,419
66$2,390,366$1,070,128$819,700$1,987,905
67$2,583,314$1,071,695$796,291$2,112,687
68$2,794,341$1,071,737$770,496$2,248,811
69$3,025,240$1,070,128$742,183$2,397,430
70$3,277,986$1,066,736$711,218$2,559,818
71$3,554,753$1,061,419$677,456$2,737,379
72$3,857,936$1,054,027$640,749$2,931,662
73$4,190,173$1,044,401$600,942$3,144,377
74$4,554,368$1,032,374$557,871$3,377,408
75$4,953,720$1,017,767$511,366$3,632,837
76$5,391,752$1,000,390$461,249$3,912,957
77$5,872,345$980,044$407,336$4,220,300
78$6,399,774$956,516$349,431$4,557,657
79$6,978,747$929,581$287,333$4,928,107
80$7,614,450$899,001$220,829$5,335,046
81$8,312,596$864,525$149,700$5,782,220
82$9,079,480$825,886$73,714$6,273,760
83$9,922,035$782,802$0$6,814,222
84$10,847,898$734,975$0$7,410,362
85$11,865,485$682,089$0$8,084,567
86$12,984,065$623,812$0$8,825,688
87$14,213,851$559,791$0$9,640,527
88$15,566,097$489,653$0$10,536,580
89$17,053,198$413,006$0$11,522,111
90$18,688,813$329,432$0$12,606,227
91$20,487,991$238,493$0$13,798,965
92$22,467,312$139,725$0$15,111,386
93$24,645,044$32,638$0$16,555,685
94$27,041,317$0$0$18,145,298
95$29,678,307$0$0$19,910,616
96$32,580,451$0$0$21,860,244
97$35,774,675$0$0$24,006,175
98$39,290,648$0$0$26,368,350
99$43,161,058$0$0$28,968,744
100$47,421,928$0$0$31,831,568