Can I retire at age 54 with 892,000?

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 $892,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.7%
1 years$73,661$73,004$72,364$71,739$71,129$69,185
2 years$36,466$35,786$35,128$34,490$33,871$31,927
3 years$24,069$23,387$22,730$22,098$21,489$19,605
4 years$17,872$17,192$16,542$15,920$15,326$13,517
5 years$14,154$13,479$12,837$12,228$11,651$9,922
6 years$11,677$11,006$10,374$9,779$9,219$7,572
7 years$9,908$9,243$8,621$8,040$7,497$5,932
8 years$8,582$7,923$7,311$6,745$6,220$4,735
9 years$7,551$6,898$6,297$5,745$5,238$3,833
10 years$6,727$6,081$5,490$4,952$4,463$3,135
11 years$6,053$5,413$4,833$4,310$3,838$2,586
12 years$5,492$4,859$4,290$3,780$3,326$2,147
13 years$5,018$4,391$3,832$3,337$2,901$1,792
14 years$4,611$3,991$3,443$2,963$2,543$1,503
15 years$4,259$3,646$3,109$2,642$2,239$1,264
16 years$3,952$3,345$2,819$2,366$1,979$1,066
17 years$3,681$3,081$2,565$2,126$1,754$902
18 years$3,440$2,847$2,341$1,916$1,560$764
19 years$3,225$2,638$2,143$1,731$1,390$649
20 years$3,032$2,452$1,967$1,568$1,242$552
21 years$2,857$2,284$1,809$1,423$1,111$469
22 years$2,698$2,132$1,668$1,294$996$400
23 years$2,554$1,994$1,540$1,178$894$341
24 years$2,421$1,868$1,424$1,075$804$291
25 years$2,300$1,753$1,319$981$723$248
26 years$2,188$1,648$1,223$897$651$212
27 years$2,084$1,551$1,136$821$587$181
28 years$1,988$1,461$1,056$752$530$155
29 years$1,899$1,378$983$690$479$133
30 years$1,816$1,302$915$633$432$113
31 years$1,738$1,231$853$582$391$97
32 years$1,666$1,164$796$535$354$83
33 years$1,597$1,103$743$492$320$71
34 years$1,534$1,045$695$452$290$61
35 years$1,473$991$649$416$262$52
36 years$1,417$941$607$383$238$45
37 years$1,363$894$569$353$216$38
38 years$1,313$849$532$326$195$33
39 years$1,265$807$499$300$177$28
40 years$1,220$768$468$277$161$24
41 years$1,176$731$438$255$146$21
42 years$1,136$696$411$236$132$18
43 years$1,097$664$386$218$120$15
44 years$1,060$633$362$201$109$13
45 years$1,025$603$340$186$99$11
46 years$991$575$319$171$90$10
47 years$959$549$300$158$82$8
48 years$928$524$282$146$74$7
49 years$899$501$265$135$67$6
50 years$871$478$249$125$61$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $892,000, adding $6,827 every year, while hoping to spend $34,089 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: 66/25/9 Blend
53$892,000$892,000$892,000$892,000
54$990,026$942,750$928,924$1,053,124
55$1,054,738$952,674$923,773$1,105,891
56$1,124,909$961,942$917,306$1,158,851
57$1,201,058$970,486$909,444$1,215,842
58$1,283,759$978,233$900,104$1,277,256
59$1,373,641$985,105$889,196$1,343,520
60$1,471,398$991,021$876,630$1,415,110
61$1,577,792$995,892$862,308$1,492,548
62$1,693,662$999,626$846,131$1,576,411
63$1,819,931$1,002,124$827,992$1,667,334
64$1,957,616$1,003,279$807,781$1,766,019
65$2,107,833$1,002,981$785,383$1,873,238
66$2,271,815$1,001,110$760,676$1,989,845
67$2,450,917$997,541$733,535$2,116,781
68$2,646,629$992,138$703,826$2,255,083
69$2,860,593$984,762$671,413$2,405,896
70$3,094,618$975,260$636,150$2,570,481
71$3,350,695$963,473$597,887$2,750,231
72$3,631,015$949,232$556,465$2,946,680
73$3,937,992$932,358$511,720$3,161,523
74$4,274,283$912,660$463,479$3,396,627
75$4,642,817$889,937$411,562$3,654,051
76$5,046,817$863,976$355,782$3,936,067
77$5,489,833$834,552$295,942$4,245,180
78$5,975,777$801,426$231,837$4,584,153
79$6,508,955$764,345$163,252$4,956,033
80$7,094,113$723,042$89,965$5,364,180
81$7,736,475$677,234$11,742$5,812,299
82$8,441,800$626,623$0$6,304,477
83$9,216,428$570,892$0$6,852,108
84$10,067,346$509,708$0$7,454,923
85$11,002,249$442,717$0$8,117,299
86$12,029,615$369,547$0$8,845,304
87$13,158,784$289,803$0$9,645,627
88$14,400,046$203,069$0$10,525,643
89$15,764,737$108,906$0$11,493,483
90$17,265,347$6,850$0$12,558,109
91$18,915,637$0$0$13,729,399
92$20,730,766$0$0$15,046,743
93$22,727,440$0$0$16,497,982
94$24,924,061$0$0$18,094,617
95$27,340,909$0$0$19,851,394
96$30,000,324$0$0$21,784,562
97$32,926,925$0$0$23,912,027
98$36,147,836$0$0$26,253,514
99$39,692,944$0$0$28,830,760
100$43,595,182$0$0$31,667,716