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%11.3%
1 years$75,312$74,641$73,987$73,348$72,724$72,326
2 years$37,283$36,589$35,916$35,263$34,631$34,229
3 years$24,609$23,911$23,240$22,594$21,971$21,579
4 years$18,273$17,577$16,913$16,277$15,670$15,289
5 years$14,472$13,781$13,125$12,503$11,912$11,544
6 years$11,939$11,253$10,607$9,998$9,426$9,071
7 years$10,130$9,450$8,814$8,220$7,666$7,325
8 years$8,775$8,101$7,475$6,896$6,359$6,032
9 years$7,721$7,053$6,438$5,874$5,355$5,042
10 years$6,878$6,217$5,613$5,063$4,563$4,263
11 years$6,189$5,535$4,942$4,406$3,924$3,638
12 years$5,615$4,968$4,386$3,865$3,401$3,127
13 years$5,130$4,489$3,918$3,412$2,966$2,705
14 years$4,715$4,081$3,521$3,029$2,600$2,351
15 years$4,355$3,728$3,179$2,701$2,289$2,052
16 years$4,041$3,420$2,882$2,419$2,023$1,798
17 years$3,763$3,150$2,622$2,173$1,794$1,580
18 years$3,517$2,911$2,394$1,959$1,595$1,392
19 years$3,297$2,697$2,192$1,770$1,422$1,230
20 years$3,100$2,507$2,011$1,603$1,270$1,088
21 years$2,921$2,335$1,850$1,455$1,136$965
22 years$2,759$2,179$1,705$1,323$1,019$857
23 years$2,611$2,038$1,574$1,205$914$762
24 years$2,476$1,910$1,456$1,099$822$678
25 years$2,351$1,792$1,349$1,003$739$604
26 years$2,237$1,684$1,251$917$666$539
27 years$2,131$1,585$1,161$840$601$481
28 years$2,033$1,494$1,080$769$542$429
29 years$1,941$1,409$1,005$705$489$384
30 years$1,856$1,331$936$647$442$343
31 years$1,777$1,258$872$595$400$307
32 years$1,703$1,190$814$547$362$275
33 years$1,633$1,127$760$503$327$246
34 years$1,568$1,068$710$462$296$220
35 years$1,506$1,013$664$426$268$197
36 years$1,448$962$621$392$243$177
37 years$1,394$914$581$361$220$159
38 years$1,342$868$544$333$200$142
39 years$1,293$826$510$307$181$128
40 years$1,247$785$478$283$164$114
41 years$1,203$748$448$261$149$103
42 years$1,161$712$420$241$135$92
43 years$1,121$678$395$223$123$83
44 years$1,084$647$370$205$111$74
45 years$1,048$617$348$190$101$67
46 years$1,013$588$327$175$92$60
47 years$980$561$307$162$83$54
48 years$949$536$288$150$76$48
49 years$919$512$271$138$69$43
50 years$890$489$255$128$62$39

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $912,000, adding $6,456 every year, while hoping to spend $51,154 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: 70/18/12 Blend
53$912,000$912,000$912,000$912,000
54$1,011,683$963,347$949,211$1,079,472
55$1,060,448$956,124$926,582$1,118,064
56$1,112,471$946,832$901,481$1,153,472
57$1,168,033$935,316$873,770$1,190,870
58$1,227,438$921,412$843,307$1,230,446
59$1,291,020$904,945$809,942$1,272,404
60$1,359,147$885,731$773,518$1,316,975
61$1,432,221$863,572$733,871$1,364,412
62$1,510,683$838,263$690,832$1,414,996
63$1,595,019$809,583$644,220$1,469,035
64$1,685,759$777,301$593,850$1,526,875
65$1,783,488$741,171$539,525$1,588,895
66$1,888,848$700,932$481,043$1,655,515
67$2,002,543$656,310$418,191$1,727,202
68$2,125,347$607,014$350,745$1,804,470
69$2,258,111$552,737$278,474$1,887,889
70$2,401,771$493,154$201,136$1,978,089
71$2,557,354$427,921$118,476$2,075,767
72$2,725,991$356,675$30,231$2,181,694
73$2,908,923$279,034$0$2,296,722
74$3,107,519$194,592$0$2,429,980
75$3,323,281$102,922$0$2,578,986
76$3,557,862$3,572$0$2,741,057
77$3,813,083$0$0$2,917,503
78$4,090,944$0$0$3,130,362
79$4,393,648$0$0$3,363,068
80$4,723,618$0$0$3,616,783
81$5,083,523$0$0$3,893,563
82$5,476,299$0$0$4,195,672
83$5,905,176$0$0$4,525,602
84$6,373,713$0$0$4,886,098
85$6,885,827$0$0$5,280,179
86$7,445,829$0$0$5,711,171
87$8,058,467$0$0$6,182,735
88$8,728,969$0$0$6,698,903
89$9,463,092$0$0$7,264,114
90$10,267,173$0$0$7,883,257
91$11,148,194$0$0$8,561,717
92$12,113,843$0$0$9,305,422
93$13,172,588$0$0$10,120,902
94$14,333,752$0$0$11,015,351
95$15,607,609$0$0$11,996,690
96$17,005,471$0$0$13,073,646
97$18,539,801$0$0$14,255,830
98$20,224,325$0$0$15,553,830
99$22,074,165$0$0$16,979,309
100$24,105,977$0$0$18,545,115