Can I retire at age 54 with 915,000?

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 $915,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.5%
1 years$75,560$74,887$74,230$73,589$72,963$72,201
2 years$37,406$36,709$36,034$35,379$34,744$33,977
3 years$24,690$23,990$23,316$22,668$22,043$21,294
4 years$18,333$17,635$16,968$16,331$15,721$14,997
5 years$14,519$13,826$13,168$12,544$11,951$11,253
6 years$11,978$11,290$10,642$10,031$9,457$8,785
7 years$10,164$9,481$8,843$8,247$7,691$7,047
8 years$8,803$8,127$7,500$6,918$6,380$5,764
9 years$7,746$7,076$6,460$5,893$5,373$4,784
10 years$6,901$6,237$5,632$5,080$4,578$4,016
11 years$6,209$5,553$4,958$4,421$3,937$3,402
12 years$5,634$4,984$4,400$3,878$3,412$2,902
13 years$5,147$4,504$3,931$3,424$2,975$2,491
14 years$4,730$4,094$3,532$3,039$2,608$2,148
15 years$4,369$3,740$3,189$2,710$2,296$1,860
16 years$4,054$3,431$2,891$2,427$2,030$1,616
17 years$3,776$3,160$2,631$2,180$1,800$1,409
18 years$3,529$2,920$2,402$1,965$1,600$1,231
19 years$3,308$2,706$2,199$1,776$1,426$1,078
20 years$3,110$2,515$2,018$1,608$1,274$946
21 years$2,931$2,342$1,856$1,459$1,140$831
22 years$2,768$2,187$1,711$1,327$1,022$731
23 years$2,620$2,045$1,580$1,208$917$644
24 years$2,484$1,916$1,461$1,102$824$568
25 years$2,359$1,798$1,353$1,007$742$501
26 years$2,244$1,690$1,255$920$668$443
27 years$2,138$1,590$1,165$842$603$392
28 years$2,039$1,499$1,083$772$544$346
29 years$1,948$1,414$1,008$708$491$307
30 years$1,863$1,335$939$650$444$271
31 years$1,783$1,262$875$597$401$241
32 years$1,708$1,194$817$548$363$213
33 years$1,639$1,131$763$504$328$189
34 years$1,573$1,072$712$464$297$168
35 years$1,511$1,017$666$427$269$149
36 years$1,453$965$623$393$244$132
37 years$1,398$917$583$362$221$117
38 years$1,347$871$546$334$200$104
39 years$1,297$828$512$308$182$92
40 years$1,251$788$480$284$165$82
41 years$1,207$750$450$262$150$73
42 years$1,165$714$422$242$136$65
43 years$1,125$681$396$223$123$57
44 years$1,087$649$372$206$112$51
45 years$1,051$619$349$190$101$45
46 years$1,017$590$328$176$92$40
47 years$984$563$308$162$84$36
48 years$952$538$289$150$76$32
49 years$922$514$272$139$69$28
50 years$893$491$256$128$63$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $915,000, adding $2,952 every year, while hoping to spend $35,879 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: 39/41/20 Blend
53$915,000$915,000$915,000$915,000
54$1,011,375$962,880$948,697$1,044,687
55$1,076,360$971,886$942,304$1,077,912
56$1,146,772$980,131$934,494$1,110,185
57$1,223,124$987,540$925,181$1,144,344
58$1,305,986$994,032$914,277$1,180,580
59$1,395,979$999,522$901,689$1,219,104
60$1,493,791$1,003,920$887,317$1,260,153
61$1,600,174$1,007,130$871,059$1,303,988
62$1,715,961$1,009,048$852,809$1,350,900
63$1,842,064$1,009,566$832,452$1,401,211
64$1,979,488$1,008,568$809,873$1,455,280
65$2,129,340$1,005,932$784,948$1,513,503
66$2,292,837$1,001,527$757,548$1,576,322
67$2,471,319$995,215$727,539$1,644,225
68$2,666,262$986,848$694,779$1,717,754
69$2,879,289$976,272$659,123$1,797,509
70$3,112,188$963,322$620,415$1,884,158
71$3,366,929$947,822$578,497$1,978,437
72$3,645,677$929,587$533,198$2,081,163
73$3,950,821$908,422$484,345$2,193,242
74$4,284,988$884,118$431,754$2,315,677
75$4,651,073$856,455$375,233$2,449,577
76$5,052,262$825,201$314,583$2,596,170
77$5,492,065$790,109$249,595$2,756,817
78$5,974,350$750,918$180,050$2,933,021
79$6,503,373$707,353$105,722$3,126,447
80$7,083,826$659,122$26,372$3,338,938
81$7,720,874$605,916$0$3,572,528
82$8,420,207$547,410$0$3,841,913
83$9,188,094$483,259$0$4,143,956
84$10,031,440$413,099$0$4,475,833
85$10,957,852$336,546$0$4,840,646
86$11,975,708$253,192$0$5,241,824
87$13,094,240$162,608$0$5,683,147
88$14,323,619$64,342$0$6,168,791
89$15,675,047$0$0$6,703,366
90$17,160,870$0$0$7,310,946
91$18,794,686$0$0$8,011,097
92$20,591,479$0$0$8,781,228
93$22,567,756$0$0$9,628,432
94$24,741,706$0$0$10,560,524
95$27,133,368$0$0$11,586,114
96$29,764,821$0$0$12,714,690
97$32,660,394$0$0$13,956,703
98$35,846,892$0$0$15,323,674
99$39,353,850$0$0$16,828,292
100$43,213,810$0$0$18,484,542