Can I retire at age 54 with 919,000?

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 $919,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.1%
1 years$75,890$75,214$74,555$73,911$73,282$70,880
2 years$37,569$36,870$36,192$35,534$34,896$32,499
3 years$24,797$24,095$23,418$22,767$22,140$19,822
4 years$18,413$17,712$17,043$16,402$15,790$13,571
5 years$14,583$13,887$13,226$12,599$12,003$9,888
6 years$12,031$11,339$10,688$10,075$9,498$7,488
7 years$10,208$9,523$8,882$8,283$7,724$5,820
8 years$8,842$8,163$7,533$6,949$6,408$4,608
9 years$7,780$7,107$6,488$5,919$5,397$3,698
10 years$6,931$6,265$5,656$5,102$4,598$2,999
11 years$6,236$5,577$4,980$4,440$3,955$2,451
12 years$5,658$5,006$4,419$3,895$3,427$2,017
13 years$5,170$4,524$3,948$3,438$2,988$1,667
14 years$4,751$4,112$3,548$3,052$2,620$1,384
15 years$4,388$3,756$3,203$2,722$2,306$1,153
16 years$4,072$3,446$2,904$2,437$2,038$963
17 years$3,792$3,174$2,643$2,190$1,807$806
18 years$3,544$2,933$2,412$1,974$1,607$676
19 years$3,323$2,718$2,208$1,783$1,432$568
20 years$3,123$2,526$2,027$1,615$1,279$478
21 years$2,943$2,353$1,864$1,466$1,145$402
22 years$2,780$2,196$1,718$1,333$1,026$339
23 years$2,631$2,054$1,586$1,214$921$286
24 years$2,495$1,924$1,467$1,107$828$241
25 years$2,369$1,806$1,359$1,011$745$204
26 years$2,254$1,697$1,260$924$671$172
27 years$2,147$1,597$1,170$846$605$145
28 years$2,048$1,505$1,088$775$546$123
29 years$1,956$1,420$1,012$711$493$104
30 years$1,871$1,341$943$652$446$88
31 years$1,791$1,268$879$599$403$74
32 years$1,716$1,200$820$551$364$63
33 years$1,646$1,136$766$506$330$53
34 years$1,580$1,077$716$466$299$45
35 years$1,518$1,021$669$429$270$38
36 years$1,460$969$626$395$245$32
37 years$1,404$921$586$364$222$27
38 years$1,352$875$549$335$201$23
39 years$1,303$832$514$309$183$20
40 years$1,256$792$482$285$166$17
41 years$1,212$753$452$263$150$14
42 years$1,170$718$424$243$136$12
43 years$1,130$684$398$224$124$10
44 years$1,092$652$373$207$112$9
45 years$1,056$621$350$191$102$7
46 years$1,021$593$329$177$93$6
47 years$988$566$309$163$84$5
48 years$956$540$291$151$76$4
49 years$926$516$273$139$69$4
50 years$897$493$257$129$63$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $919,000, adding $5,860 every year, while hoping to spend $38,238 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: 55/17/28 Blend
53$919,000$919,000$919,000$919,000
54$1,018,783$970,076$955,831$1,066,630
55$1,082,013$976,924$947,166$1,107,117
56$1,150,412$982,827$936,930$1,146,759
57$1,224,466$987,697$925,029$1,189,165
58$1,304,709$991,442$911,365$1,234,615
59$1,391,731$993,964$895,837$1,283,419
60$1,486,178$995,159$878,338$1,335,920
61$1,588,763$994,916$858,757$1,392,497
62$1,700,267$993,117$836,976$1,453,569
63$1,821,552$989,638$812,872$1,519,602
64$1,953,566$984,346$786,319$1,591,109
65$2,097,351$977,100$757,182$1,668,659
66$2,254,054$967,752$725,321$1,752,879
67$2,424,939$956,143$690,591$1,844,465
68$2,611,395$942,106$652,837$1,944,184
69$2,814,951$925,462$611,901$2,052,887
70$3,037,291$906,025$567,615$2,171,512
71$3,280,269$883,595$519,805$2,301,096
72$3,545,926$857,961$468,288$2,442,787
73$3,836,509$828,900$412,874$2,597,851
74$4,154,492$796,174$353,364$2,767,689
75$4,502,598$759,535$289,550$2,953,846
76$4,883,828$718,718$221,215$3,158,032
77$5,301,486$673,442$148,133$3,382,134
78$5,759,210$623,413$70,067$3,628,235
79$6,261,005$568,316$0$3,898,636
80$6,811,286$507,822$0$4,199,837
81$7,414,913$441,581$0$4,553,283
82$8,077,240$369,224$0$4,941,197
83$8,804,163$290,361$0$5,367,083
84$9,602,178$204,579$0$5,834,804
85$10,478,441$111,443$0$6,348,618
86$11,440,832$10,495$0$6,913,221
87$12,498,036$0$0$7,533,788
88$13,659,617$0$0$8,234,497
89$14,936,112$0$0$9,006,776
90$16,339,132$0$0$9,855,697
91$17,881,465$0$0$10,789,011
92$19,577,202$0$0$11,815,255
93$21,441,866$0$0$12,943,838
94$23,492,562$0$0$14,185,124
95$25,748,133$0$0$15,550,533
96$28,229,341$0$0$17,052,648
97$30,959,061$0$0$18,705,331
98$33,962,499$0$0$20,523,857
99$37,267,423$0$0$22,525,057
100$40,904,434$0$0$24,727,473