Can I retire at age 54 with 892,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%12.3%
1 years$73,661$73,004$72,364$71,739$71,129$70,445
2 years$36,466$35,786$35,128$34,490$33,871$33,182
3 years$24,069$23,387$22,730$22,098$21,489$20,816
4 years$17,872$17,192$16,542$15,920$15,326$14,675
5 years$14,154$13,479$12,837$12,228$11,651$11,023
6 years$11,677$11,006$10,374$9,779$9,219$8,615
7 years$9,908$9,243$8,621$8,040$7,497$6,918
8 years$8,582$7,923$7,311$6,745$6,220$5,665
9 years$7,551$6,898$6,297$5,745$5,238$4,707
10 years$6,727$6,081$5,490$4,952$4,463$3,956
11 years$6,053$5,413$4,833$4,310$3,838$3,355
12 years$5,492$4,859$4,290$3,780$3,326$2,866
13 years$5,018$4,391$3,832$3,337$2,901$2,463
14 years$4,611$3,991$3,443$2,963$2,543$2,127
15 years$4,259$3,646$3,109$2,642$2,239$1,844
16 years$3,952$3,345$2,819$2,366$1,979$1,605
17 years$3,681$3,081$2,565$2,126$1,754$1,401
18 years$3,440$2,847$2,341$1,916$1,560$1,226
19 years$3,225$2,638$2,143$1,731$1,390$1,075
20 years$3,032$2,452$1,967$1,568$1,242$944
21 years$2,857$2,284$1,809$1,423$1,111$831
22 years$2,698$2,132$1,668$1,294$996$732
23 years$2,554$1,994$1,540$1,178$894$646
24 years$2,421$1,868$1,424$1,075$804$571
25 years$2,300$1,753$1,319$981$723$504
26 years$2,188$1,648$1,223$897$651$446
27 years$2,084$1,551$1,136$821$587$395
28 years$1,988$1,461$1,056$752$530$350
29 years$1,899$1,378$983$690$479$310
30 years$1,816$1,302$915$633$432$275
31 years$1,738$1,231$853$582$391$244
32 years$1,666$1,164$796$535$354$217
33 years$1,597$1,103$743$492$320$193
34 years$1,534$1,045$695$452$290$171
35 years$1,473$991$649$416$262$152
36 years$1,417$941$607$383$238$135
37 years$1,363$894$569$353$216$120
38 years$1,313$849$532$326$195$107
39 years$1,265$807$499$300$177$95
40 years$1,220$768$468$277$161$84
41 years$1,176$731$438$255$146$75
42 years$1,136$696$411$236$132$67
43 years$1,097$664$386$218$120$59
44 years$1,060$633$362$201$109$53
45 years$1,025$603$340$186$99$47
46 years$991$575$319$171$90$42
47 years$959$549$300$158$82$37
48 years$928$524$282$146$74$33
49 years$899$501$265$135$67$30
50 years$871$478$249$125$61$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $892,000, adding $2,680 every year, while hoping to spend $29,272 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: 77/14/9 Blend
53$892,000$892,000$892,000$892,000
54$985,748$938,472$924,646$1,060,033
55$1,055,150$953,312$924,477$1,124,084
56$1,130,649$967,898$923,321$1,190,269
57$1,212,837$982,187$921,114$1,261,992
58$1,302,364$996,132$917,789$1,339,790
59$1,399,946$1,009,684$913,276$1,424,258
60$1,506,371$1,022,789$907,501$1,516,050
61$1,622,506$1,035,391$900,387$1,615,885
62$1,749,305$1,047,428$891,854$1,724,557
63$1,887,818$1,058,836$881,815$1,842,941
64$2,039,202$1,069,546$870,183$1,971,998
65$2,204,731$1,079,484$856,864$2,112,791
66$2,385,805$1,088,570$841,761$2,266,488
67$2,583,970$1,096,722$824,772$2,434,378
68$2,800,923$1,103,851$805,790$2,617,879
69$3,038,538$1,109,860$784,705$2,818,555
70$3,298,875$1,114,649$761,398$3,038,131
71$3,584,204$1,118,110$735,749$3,278,504
72$3,897,025$1,120,130$707,629$3,541,769
73$4,240,091$1,120,587$676,905$3,830,231
74$4,616,436$1,119,351$643,437$4,146,432
75$5,029,400$1,116,286$607,079$4,493,173
76$5,482,661$1,111,247$567,679$4,873,540
77$5,980,274$1,104,079$525,077$5,290,935
78$6,526,702$1,094,619$479,107$5,749,107
79$7,126,864$1,082,694$429,595$6,252,189
80$7,786,177$1,068,118$376,359$6,804,732
81$8,510,609$1,050,699$319,210$7,411,757
82$9,306,736$1,030,228$257,949$8,078,792
83$10,181,802$1,006,488$192,368$8,811,935
84$11,143,786$979,246$122,253$9,617,901
85$12,201,482$948,258$47,378$10,504,095
86$13,364,574$913,264$0$11,478,677
87$14,643,736$873,990$0$12,553,763
88$16,050,726$830,144$0$13,741,199
89$17,598,498$781,420$0$15,047,378
90$19,301,327$727,491$0$16,484,364
91$21,174,940$668,016$0$18,065,451
92$23,236,665$602,630$0$19,805,291
93$25,505,596$530,949$0$21,720,028
94$28,002,769$452,568$0$23,827,453
95$30,751,365$367,058$0$26,147,174
96$33,776,926$273,965$0$28,700,796
97$37,107,595$172,812$0$31,512,131
98$40,774,383$63,093$0$34,607,417
99$44,811,461$0$0$38,015,573
100$49,256,480$0$0$41,777,048