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%14%
1 years$73,661$73,004$72,364$71,739$71,129$69,951
2 years$36,466$35,786$35,128$34,490$33,871$32,687
3 years$24,069$23,387$22,730$22,098$21,489$20,337
4 years$17,872$17,192$16,542$15,920$15,326$14,214
5 years$14,154$13,479$12,837$12,228$11,651$10,582
6 years$11,677$11,006$10,374$9,779$9,219$8,195
7 years$9,908$9,243$8,621$8,040$7,497$6,519
8 years$8,582$7,923$7,311$6,745$6,220$5,286
9 years$7,551$6,898$6,297$5,745$5,238$4,349
10 years$6,727$6,081$5,490$4,952$4,463$3,617
11 years$6,053$5,413$4,833$4,310$3,838$3,035
12 years$5,492$4,859$4,290$3,780$3,326$2,565
13 years$5,018$4,391$3,832$3,337$2,901$2,180
14 years$4,611$3,991$3,443$2,963$2,543$1,861
15 years$4,259$3,646$3,109$2,642$2,239$1,596
16 years$3,952$3,345$2,819$2,366$1,979$1,372
17 years$3,681$3,081$2,565$2,126$1,754$1,183
18 years$3,440$2,847$2,341$1,916$1,560$1,023
19 years$3,225$2,638$2,143$1,731$1,390$886
20 years$3,032$2,452$1,967$1,568$1,242$768
21 years$2,857$2,284$1,809$1,423$1,111$668
22 years$2,698$2,132$1,668$1,294$996$581
23 years$2,554$1,994$1,540$1,178$894$506
24 years$2,421$1,868$1,424$1,075$804$441
25 years$2,300$1,753$1,319$981$723$385
26 years$2,188$1,648$1,223$897$651$336
27 years$2,084$1,551$1,136$821$587$293
28 years$1,988$1,461$1,056$752$530$256
29 years$1,899$1,378$983$690$479$224
30 years$1,816$1,302$915$633$432$196
31 years$1,738$1,231$853$582$391$172
32 years$1,666$1,164$796$535$354$150
33 years$1,597$1,103$743$492$320$131
34 years$1,534$1,045$695$452$290$115
35 years$1,473$991$649$416$262$101
36 years$1,417$941$607$383$238$88
37 years$1,363$894$569$353$216$77
38 years$1,313$849$532$326$195$68
39 years$1,265$807$499$300$177$59
40 years$1,220$768$468$277$161$52
41 years$1,176$731$438$255$146$46
42 years$1,136$696$411$236$132$40
43 years$1,097$664$386$218$120$35
44 years$1,060$633$362$201$109$31
45 years$1,025$603$340$186$99$27
46 years$991$575$319$171$90$24
47 years$959$549$300$158$82$21
48 years$928$524$282$146$74$18
49 years$899$501$265$135$67$16
50 years$871$478$249$125$61$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $892,000, adding $4,224 every year, while hoping to spend $42,127 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: 45/33/22 Blend
53$892,000$892,000$892,000$892,000
54$987,341$940,065$926,239$1,025,341
55$1,043,227$941,305$912,445$1,053,763
56$1,103,401$941,195$896,777$1,080,101
57$1,168,257$939,622$879,128$1,107,807
58$1,238,226$936,470$859,386$1,137,029
59$1,313,782$931,614$837,432$1,167,932
60$1,395,447$924,922$813,145$1,200,702
61$1,483,792$916,253$786,395$1,235,544
62$1,579,448$905,459$757,048$1,272,688
63$1,683,107$892,381$724,965$1,312,392
64$1,795,529$876,853$689,996$1,354,942
65$1,917,552$858,698$651,990$1,400,657
66$2,050,096$837,728$610,785$1,449,891
67$2,194,173$813,744$566,214$1,503,040
68$2,350,898$786,536$518,101$1,560,544
69$2,521,495$755,883$466,264$1,622,893
70$2,707,314$721,547$410,510$1,690,629
71$2,909,839$683,281$350,640$1,764,358
72$3,130,701$640,821$286,446$1,844,750
73$3,371,700$593,888$217,709$1,932,552
74$3,634,812$542,188$144,201$2,028,591
75$3,922,217$485,410$65,686$2,133,785
76$4,236,312$423,224$0$2,249,153
77$4,579,737$355,282$0$2,380,075
78$4,955,398$281,218$0$2,540,285
79$5,366,494$200,644$0$2,715,800
80$5,816,550$113,149$0$2,908,225
81$6,309,446$18,302$0$3,119,335
82$6,849,456$0$0$3,351,089
83$7,441,284$0$0$3,636,287
84$8,090,114$0$0$3,956,345
85$8,801,654$0$0$4,307,448
86$9,582,190$0$0$4,692,712
87$10,438,649$0$0$5,115,568
88$11,378,658$0$0$5,579,798
89$12,410,618$0$0$6,089,567
90$13,543,786$0$0$6,649,461
91$14,788,356$0$0$7,264,536
92$16,155,560$0$0$7,940,359
93$17,657,770$0$0$8,683,063
94$19,308,618$0$0$9,499,405
95$21,123,120$0$0$10,396,831
96$23,117,819$0$0$11,383,541
97$25,310,942$0$0$12,468,572
98$27,722,569$0$0$13,661,880
99$30,374,824$0$0$14,974,433
100$33,292,083$0$0$16,418,315