Can I retire at age 54 with 915,000?

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 $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%20%
1 years$75,560$74,887$74,230$73,589$72,963$70,041
2 years$37,406$36,709$36,034$35,379$34,744$31,837
3 years$24,690$23,990$23,316$22,668$22,043$19,242
4 years$18,333$17,635$16,968$16,331$15,721$13,048
5 years$14,519$13,826$13,168$12,544$11,951$9,412
6 years$11,978$11,290$10,642$10,031$9,457$7,054
7 years$10,164$9,481$8,843$8,247$7,691$5,423
8 years$8,803$8,127$7,500$6,918$6,380$4,245
9 years$7,746$7,076$6,460$5,893$5,373$3,368
10 years$6,901$6,237$5,632$5,080$4,578$2,698
11 years$6,209$5,553$4,958$4,421$3,937$2,179
12 years$5,634$4,984$4,400$3,878$3,412$1,770
13 years$5,147$4,504$3,931$3,424$2,975$1,444
14 years$4,730$4,094$3,532$3,039$2,608$1,183
15 years$4,369$3,740$3,189$2,710$2,296$972
16 years$4,054$3,431$2,891$2,427$2,030$801
17 years$3,776$3,160$2,631$2,180$1,800$661
18 years$3,529$2,920$2,402$1,965$1,600$547
19 years$3,308$2,706$2,199$1,776$1,426$453
20 years$3,110$2,515$2,018$1,608$1,274$375
21 years$2,931$2,342$1,856$1,459$1,140$311
22 years$2,768$2,187$1,711$1,327$1,022$258
23 years$2,620$2,045$1,580$1,208$917$215
24 years$2,484$1,916$1,461$1,102$824$178
25 years$2,359$1,798$1,353$1,007$742$148
26 years$2,244$1,690$1,255$920$668$123
27 years$2,138$1,590$1,165$842$603$103
28 years$2,039$1,499$1,083$772$544$85
29 years$1,948$1,414$1,008$708$491$71
30 years$1,863$1,335$939$650$444$59
31 years$1,783$1,262$875$597$401$49
32 years$1,708$1,194$817$548$363$41
33 years$1,639$1,131$763$504$328$34
34 years$1,573$1,072$712$464$297$29
35 years$1,511$1,017$666$427$269$24
36 years$1,453$965$623$393$244$20
37 years$1,398$917$583$362$221$16
38 years$1,347$871$546$334$200$14
39 years$1,297$828$512$308$182$11
40 years$1,251$788$480$284$165$10
41 years$1,207$750$450$262$150$8
42 years$1,165$714$422$242$136$7
43 years$1,125$681$396$223$123$6
44 years$1,087$649$372$206$112$5
45 years$1,051$619$349$190$101$4
46 years$1,017$590$328$176$92$3
47 years$984$563$308$162$84$3
48 years$952$538$289$150$76$2
49 years$922$514$272$139$69$2
50 years$893$491$256$128$63$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $915,000, adding $3,292 every year, while hoping to spend $29,436 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: 65/26/9 Blend
53$915,000$915,000$915,000$915,000
54$1,011,726$963,231$949,048$1,075,408
55$1,083,602$979,109$949,522$1,134,116
56$1,161,823$994,779$949,024$1,194,454
57$1,247,005$1,010,200$947,493$1,259,617
58$1,339,826$1,025,326$944,860$1,330,072
59$1,441,032$1,040,111$941,057$1,406,333
60$1,551,444$1,054,503$936,009$1,488,968
61$1,671,966$1,068,448$929,640$1,578,604
62$1,803,593$1,081,888$921,869$1,675,929
63$1,947,420$1,094,761$912,612$1,781,703
64$2,104,653$1,107,001$901,781$1,896,763
65$2,276,620$1,118,536$889,283$2,022,033
66$2,464,782$1,129,291$875,020$2,158,531
67$2,670,748$1,139,185$858,892$2,307,377
68$2,896,292$1,148,133$840,793$2,469,808
69$3,143,365$1,156,042$820,611$2,647,188
70$3,414,117$1,162,817$798,229$2,841,018
71$3,710,914$1,168,352$773,527$3,052,954
72$4,036,364$1,172,538$746,377$3,284,824
73$4,393,338$1,175,257$716,646$3,538,638
74$4,784,999$1,176,386$684,194$3,816,616
75$5,214,832$1,175,791$648,877$4,121,204
76$5,686,673$1,173,333$610,543$4,455,098
77$6,204,749$1,168,863$569,032$4,821,271
78$6,773,718$1,162,221$524,179$5,222,999
79$7,398,708$1,153,240$475,809$5,663,896
80$8,085,370$1,141,743$423,743$6,147,944
81$8,839,929$1,127,540$367,790$6,679,533
82$9,669,244$1,110,432$307,753$7,263,502
83$10,580,870$1,090,205$243,425$7,905,186
84$11,583,130$1,066,637$174,592$8,610,468
85$12,685,196$1,039,489$101,027$9,385,829
86$13,897,171$1,008,509$22,496$10,238,418
87$15,230,187$973,430$0$11,176,113
88$16,696,509$933,972$0$12,213,486
89$18,309,650$889,834$0$13,356,911
90$20,084,501$840,701$0$14,614,804
91$22,037,464$786,240$0$15,998,826
92$24,186,617$726,098$0$17,521,828
93$26,551,875$659,900$0$19,197,974
94$29,155,184$587,252$0$21,042,875
95$32,020,723$507,738$0$23,073,738
96$35,175,136$420,916$0$25,309,527
97$38,647,781$326,322$0$27,771,144
98$42,471,006$223,463$0$30,481,626
99$46,680,456$111,821$0$33,466,365
100$51,315,409$0$0$36,753,344