Can I retire at age 54 with 912,000?

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 $912,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.8%
1 years$75,312$74,641$73,987$73,348$72,724$72,175
2 years$37,283$36,589$35,916$35,263$34,631$34,077
3 years$24,609$23,911$23,240$22,594$21,971$21,430
4 years$18,273$17,577$16,913$16,277$15,670$15,146
5 years$14,472$13,781$13,125$12,503$11,912$11,406
6 years$11,939$11,253$10,607$9,998$9,426$8,939
7 years$10,130$9,450$8,814$8,220$7,666$7,198
8 years$8,775$8,101$7,475$6,896$6,359$5,911
9 years$7,721$7,053$6,438$5,874$5,355$4,926
10 years$6,878$6,217$5,613$5,063$4,563$4,153
11 years$6,189$5,535$4,942$4,406$3,924$3,533
12 years$5,615$4,968$4,386$3,865$3,401$3,027
13 years$5,130$4,489$3,918$3,412$2,966$2,610
14 years$4,715$4,081$3,521$3,029$2,600$2,261
15 years$4,355$3,728$3,179$2,701$2,289$1,967
16 years$4,041$3,420$2,882$2,419$2,023$1,718
17 years$3,763$3,150$2,622$2,173$1,794$1,505
18 years$3,517$2,911$2,394$1,959$1,595$1,321
19 years$3,297$2,697$2,192$1,770$1,422$1,163
20 years$3,100$2,507$2,011$1,603$1,270$1,025
21 years$2,921$2,335$1,850$1,455$1,136$905
22 years$2,759$2,179$1,705$1,323$1,019$801
23 years$2,611$2,038$1,574$1,205$914$709
24 years$2,476$1,910$1,456$1,099$822$629
25 years$2,351$1,792$1,349$1,003$739$558
26 years$2,237$1,684$1,251$917$666$496
27 years$2,131$1,585$1,161$840$601$441
28 years$2,033$1,494$1,080$769$542$392
29 years$1,941$1,409$1,005$705$489$349
30 years$1,856$1,331$936$647$442$311
31 years$1,777$1,258$872$595$400$277
32 years$1,703$1,190$814$547$362$247
33 years$1,633$1,127$760$503$327$220
34 years$1,568$1,068$710$462$296$196
35 years$1,506$1,013$664$426$268$175
36 years$1,448$962$621$392$243$156
37 years$1,394$914$581$361$220$140
38 years$1,342$868$544$333$200$125
39 years$1,293$826$510$307$181$111
40 years$1,247$785$478$283$164$99
41 years$1,203$748$448$261$149$89
42 years$1,161$712$420$241$135$79
43 years$1,121$678$395$223$123$71
44 years$1,084$647$370$205$111$63
45 years$1,048$617$348$190$101$57
46 years$1,013$588$327$175$92$51
47 years$980$561$307$162$83$45
48 years$949$536$288$150$76$40
49 years$919$512$271$138$69$36
50 years$890$489$255$128$62$32

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $912,000, adding $5,384 every year, while hoping to spend $22,827 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: 45/27/28 Blend
53$912,000$912,000$912,000$912,000
54$1,010,578$962,242$948,106$1,047,663
55$1,089,369$985,104$955,579$1,097,418
56$1,175,432$1,008,321$962,538$1,148,739
57$1,269,484$1,031,887$968,942$1,203,961
58$1,372,315$1,055,793$974,745$1,263,461
59$1,484,795$1,080,031$979,903$1,327,655
60$1,607,883$1,104,591$984,368$1,397,002
61$1,742,632$1,129,461$988,090$1,472,006
62$1,890,203$1,154,628$991,014$1,553,224
63$2,051,877$1,180,077$993,085$1,641,271
64$2,229,060$1,205,793$994,246$1,736,823
65$2,423,305$1,231,758$994,434$1,840,626
66$2,636,320$1,257,952$993,585$1,953,505
67$2,869,986$1,284,353$991,632$2,076,366
68$3,126,376$1,310,937$988,503$2,210,210
69$3,407,773$1,337,680$984,124$2,356,140
70$3,716,691$1,364,552$978,418$2,515,373
71$4,055,901$1,391,522$971,302$2,689,250
72$4,428,453$1,418,557$962,691$2,879,251
73$4,837,710$1,445,620$952,495$3,087,005
74$5,287,374$1,472,673$940,621$3,314,310
75$5,781,524$1,499,672$926,970$3,563,151
76$6,324,655$1,526,572$911,439$3,835,711
77$6,921,718$1,553,322$893,921$4,134,402
78$7,578,167$1,579,869$874,302$4,461,881
79$8,300,014$1,606,156$852,464$4,821,077
80$9,093,878$1,632,120$828,284$5,215,221
81$9,967,055$1,657,695$801,633$5,647,875
82$10,927,582$1,682,810$772,376$6,122,965
83$11,984,316$1,707,388$740,370$6,644,820
84$13,147,013$1,731,348$705,470$7,218,213
85$14,426,425$1,754,600$667,520$7,848,406
86$15,834,397$1,777,052$626,358$8,541,200
87$17,383,981$1,798,603$581,817$9,302,990
88$19,089,559$1,819,147$533,720$10,140,827
89$20,966,977$1,838,567$481,882$11,062,484
90$23,033,695$1,856,744$426,111$12,076,530
91$25,308,953$1,873,545$366,207$13,192,409
92$27,813,951$1,888,834$301,960$14,420,536
93$30,572,048$1,902,461$233,150$15,772,389
94$33,608,985$1,914,270$159,548$17,260,622
95$36,953,125$1,924,093$80,917$18,899,185
96$40,635,723$1,931,752$0$20,703,453
97$44,691,216$1,937,057$0$22,691,272
98$49,157,556$1,939,808$0$24,906,287
99$54,076,559$1,939,791$0$27,344,975
100$59,494,305$1,936,779$0$30,030,121