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%19.2%
1 years$73,661$73,004$72,364$71,739$71,129$68,497
2 years$36,466$35,786$35,128$34,490$33,871$31,248
3 years$24,069$23,387$22,730$22,098$21,489$18,959
4 years$17,872$17,192$16,542$15,920$15,326$12,908
5 years$14,154$13,479$12,837$12,228$11,651$9,351
6 years$11,677$11,006$10,374$9,779$9,219$7,038
7 years$9,908$9,243$8,621$8,040$7,497$5,436
8 years$8,582$7,923$7,311$6,745$6,220$4,276
9 years$7,551$6,898$6,297$5,745$5,238$3,409
10 years$6,727$6,081$5,490$4,952$4,463$2,745
11 years$6,053$5,413$4,833$4,310$3,838$2,228
12 years$5,492$4,859$4,290$3,780$3,326$1,819
13 years$5,018$4,391$3,832$3,337$2,901$1,493
14 years$4,611$3,991$3,443$2,963$2,543$1,230
15 years$4,259$3,646$3,109$2,642$2,239$1,017
16 years$3,952$3,345$2,819$2,366$1,979$842
17 years$3,681$3,081$2,565$2,126$1,754$699
18 years$3,440$2,847$2,341$1,916$1,560$582
19 years$3,225$2,638$2,143$1,731$1,390$485
20 years$3,032$2,452$1,967$1,568$1,242$404
21 years$2,857$2,284$1,809$1,423$1,111$337
22 years$2,698$2,132$1,668$1,294$996$282
23 years$2,554$1,994$1,540$1,178$894$236
24 years$2,421$1,868$1,424$1,075$804$197
25 years$2,300$1,753$1,319$981$723$165
26 years$2,188$1,648$1,223$897$651$138
27 years$2,084$1,551$1,136$821$587$116
28 years$1,988$1,461$1,056$752$530$97
29 years$1,899$1,378$983$690$479$81
30 years$1,816$1,302$915$633$432$68
31 years$1,738$1,231$853$582$391$57
32 years$1,666$1,164$796$535$354$48
33 years$1,597$1,103$743$492$320$40
34 years$1,534$1,045$695$452$290$34
35 years$1,473$991$649$416$262$28
36 years$1,417$941$607$383$238$24
37 years$1,363$894$569$353$216$20
38 years$1,313$849$532$326$195$17
39 years$1,265$807$499$300$177$14
40 years$1,220$768$468$277$161$12
41 years$1,176$731$438$255$146$10
42 years$1,136$696$411$236$132$8
43 years$1,097$664$386$218$120$7
44 years$1,060$633$362$201$109$6
45 years$1,025$603$340$186$99$5
46 years$991$575$319$171$90$4
47 years$959$549$300$158$82$3
48 years$928$524$282$146$74$3
49 years$899$501$265$135$67$2
50 years$871$478$249$125$61$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $892,000, adding $2,568 every year, while hoping to spend $51,621 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: 33/38/29 Blend
53$892,000$892,000$892,000$892,000
54$985,633$938,357$924,531$1,009,415
55$1,031,243$929,412$900,578$1,018,826
56$1,079,775$918,299$874,093$1,024,215
57$1,131,473$904,856$844,936$1,029,028
58$1,186,604$888,914$812,962$1,033,253
59$1,245,459$870,292$778,017$1,036,878
60$1,308,358$848,799$739,943$1,039,894
61$1,375,653$824,233$698,574$1,042,300
62$1,447,728$796,379$653,734$1,044,098
63$1,525,005$765,010$605,243$1,045,296
64$1,607,947$729,887$552,910$1,045,910
65$1,697,062$690,756$496,537$1,045,965
66$1,792,907$647,348$435,916$1,045,494
67$1,896,095$599,379$370,831$1,044,542
68$2,007,298$546,550$301,055$1,043,166
69$2,127,254$488,543$226,352$1,041,438
70$2,256,776$425,023$146,476$1,039,445
71$2,396,753$355,635$61,170$1,037,293
72$2,548,166$280,006$0$1,035,109
73$2,712,093$197,740$0$1,042,285
74$2,889,716$108,419$0$1,070,555
75$3,082,338$11,602$0$1,101,270
76$3,291,390$0$0$1,134,762
77$3,518,447$0$0$1,210,371
78$3,765,241$0$0$1,297,942
79$4,033,678$0$0$1,393,315
80$4,325,853$0$0$1,497,250
81$4,644,073$0$0$1,610,583
82$4,990,876$0$0$1,734,236
83$5,369,056$0$0$1,869,221
84$5,781,688$0$0$2,016,655
85$6,232,155$0$0$2,177,766
86$6,724,183$0$0$2,353,905
87$7,261,873$0$0$2,546,562
88$7,849,740$0$0$2,757,375
89$8,492,754$0$0$2,988,150
90$9,196,390$0$0$3,240,874
91$9,966,674$0$0$3,517,736
92$10,810,243$0$0$3,821,146
93$11,734,405$0$0$4,153,758
94$12,747,209$0$0$4,518,497
95$13,857,521$0$0$4,918,582
96$15,075,102$0$0$5,357,561
97$16,410,706$0$0$5,839,341
98$17,876,176$0$0$6,368,224
99$19,484,560$0$0$6,948,951
100$21,250,227$0$0$7,586,744