Can I retire at age 54 with 912,000?

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 $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%17.3%
1 years$75,312$74,641$73,987$73,348$72,724$70,566
2 years$37,283$36,589$35,916$35,263$34,631$32,474
3 years$24,609$23,911$23,240$22,594$21,971$19,884
4 years$18,273$17,577$16,913$16,277$15,670$13,668
5 years$14,472$13,781$13,125$12,503$11,912$10,001
6 years$11,939$11,253$10,607$9,998$9,426$7,607
7 years$10,130$9,450$8,814$8,220$7,666$5,939
8 years$8,775$8,101$7,475$6,896$6,359$4,724
9 years$7,721$7,053$6,438$5,874$5,355$3,810
10 years$6,878$6,217$5,613$5,063$4,563$3,105
11 years$6,189$5,535$4,942$4,406$3,924$2,551
12 years$5,615$4,968$4,386$3,865$3,401$2,110
13 years$5,130$4,489$3,918$3,412$2,966$1,754
14 years$4,715$4,081$3,521$3,029$2,600$1,464
15 years$4,355$3,728$3,179$2,701$2,289$1,227
16 years$4,041$3,420$2,882$2,419$2,023$1,031
17 years$3,763$3,150$2,622$2,173$1,794$868
18 years$3,517$2,911$2,394$1,959$1,595$732
19 years$3,297$2,697$2,192$1,770$1,422$619
20 years$3,100$2,507$2,011$1,603$1,270$523
21 years$2,921$2,335$1,850$1,455$1,136$443
22 years$2,759$2,179$1,705$1,323$1,019$376
23 years$2,611$2,038$1,574$1,205$914$319
24 years$2,476$1,910$1,456$1,099$822$271
25 years$2,351$1,792$1,349$1,003$739$230
26 years$2,237$1,684$1,251$917$666$196
27 years$2,131$1,585$1,161$840$601$167
28 years$2,033$1,494$1,080$769$542$142
29 years$1,941$1,409$1,005$705$489$121
30 years$1,856$1,331$936$647$442$103
31 years$1,777$1,258$872$595$400$87
32 years$1,703$1,190$814$547$362$74
33 years$1,633$1,127$760$503$327$63
34 years$1,568$1,068$710$462$296$54
35 years$1,506$1,013$664$426$268$46
36 years$1,448$962$621$392$243$39
37 years$1,394$914$581$361$220$33
38 years$1,342$868$544$333$200$28
39 years$1,293$826$510$307$181$24
40 years$1,247$785$478$283$164$21
41 years$1,203$748$448$261$149$18
42 years$1,161$712$420$241$135$15
43 years$1,121$678$395$223$123$13
44 years$1,084$647$370$205$111$11
45 years$1,048$617$348$190$101$9
46 years$1,013$588$327$175$92$8
47 years$980$561$307$162$83$7
48 years$949$536$288$150$76$6
49 years$919$512$271$138$69$5
50 years$890$489$255$128$62$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $912,000, adding $2,142 every year, while hoping to spend $55,702 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: 65/22/13 Blend
53$912,000$912,000$912,000$912,000
54$1,007,233$958,897$944,761$1,069,529
55$1,050,705$946,617$917,144$1,099,129
56$1,096,743$931,868$886,735$1,124,769
57$1,145,552$914,470$853,382$1,151,392
58$1,197,353$894,234$816,925$1,179,090
59$1,252,388$870,957$777,197$1,207,969
60$1,310,924$844,426$734,026$1,238,148
61$1,373,251$814,415$687,228$1,269,756
62$1,439,686$780,685$636,613$1,302,942
63$1,510,577$742,982$581,983$1,337,870
64$1,586,307$701,039$523,131$1,374,723
65$1,667,294$654,573$459,839$1,413,708
66$1,753,995$603,285$391,881$1,455,053
67$1,846,914$546,858$319,021$1,499,013
68$1,946,603$484,956$241,011$1,545,874
69$2,053,665$417,228$157,594$1,595,952
70$2,168,766$343,299$68,500$1,649,602
71$2,292,634$262,775$0$1,707,217
72$2,426,071$175,239$0$1,772,923
73$2,569,955$80,251$0$1,853,898
74$2,725,253$0$0$1,941,216
75$2,893,025$0$0$2,041,009
76$3,074,439$0$0$2,169,972
77$3,270,777$0$0$2,309,592
78$3,483,447$0$0$2,460,880
79$3,714,000$0$0$2,624,944
80$3,964,140$0$0$2,803,004
81$4,235,740$0$0$2,996,401
82$4,530,862$0$0$3,206,611
83$4,851,773$0$0$3,435,256
84$5,200,968$0$0$3,684,122
85$5,581,192$0$0$3,955,175
86$5,995,465$0$0$4,250,576
87$6,447,111$0$0$4,572,704
88$6,939,789$0$0$4,924,181
89$7,477,524$0$0$5,307,886
90$8,064,749$0$0$5,726,996
91$8,706,344$0$0$6,185,002
92$9,407,680$0$0$6,685,751
93$10,174,671$0$0$7,233,478
94$11,013,827$0$0$7,832,845
95$11,932,321$0$0$8,488,986
96$12,938,045$0$0$9,207,555
97$14,039,695$0$0$9,994,779
98$15,246,846$0$0$10,857,512
99$16,570,042$0$0$11,803,307
100$18,020,896$0$0$12,840,481