Can I retire at age 54 with 919,000?

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 $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%16.3%
1 years$75,890$75,214$74,555$73,911$73,282$71,395
2 years$37,569$36,870$36,192$35,534$34,896$33,007
3 years$24,797$24,095$23,418$22,767$22,140$20,308
4 years$18,413$17,712$17,043$16,402$15,790$14,030
5 years$14,583$13,887$13,226$12,599$12,003$10,320
6 years$12,031$11,339$10,688$10,075$9,498$7,893
7 years$10,208$9,523$8,882$8,283$7,724$6,197
8 years$8,842$8,163$7,533$6,949$6,408$4,959
9 years$7,780$7,107$6,488$5,919$5,397$4,023
10 years$6,931$6,265$5,656$5,102$4,598$3,300
11 years$6,236$5,577$4,980$4,440$3,955$2,729
12 years$5,658$5,006$4,419$3,895$3,427$2,272
13 years$5,170$4,524$3,948$3,438$2,988$1,901
14 years$4,751$4,112$3,548$3,052$2,620$1,598
15 years$4,388$3,756$3,203$2,722$2,306$1,348
16 years$4,072$3,446$2,904$2,437$2,038$1,141
17 years$3,792$3,174$2,643$2,190$1,807$968
18 years$3,544$2,933$2,412$1,974$1,607$822
19 years$3,323$2,718$2,208$1,783$1,432$700
20 years$3,123$2,526$2,027$1,615$1,279$597
21 years$2,943$2,353$1,864$1,466$1,145$510
22 years$2,780$2,196$1,718$1,333$1,026$436
23 years$2,631$2,054$1,586$1,214$921$373
24 years$2,495$1,924$1,467$1,107$828$319
25 years$2,369$1,806$1,359$1,011$745$273
26 years$2,254$1,697$1,260$924$671$234
27 years$2,147$1,597$1,170$846$605$201
28 years$2,048$1,505$1,088$775$546$172
29 years$1,956$1,420$1,012$711$493$148
30 years$1,871$1,341$943$652$446$127
31 years$1,791$1,268$879$599$403$109
32 years$1,716$1,200$820$551$364$93
33 years$1,646$1,136$766$506$330$80
34 years$1,580$1,077$716$466$299$69
35 years$1,518$1,021$669$429$270$59
36 years$1,460$969$626$395$245$51
37 years$1,404$921$586$364$222$44
38 years$1,352$875$549$335$201$38
39 years$1,303$832$514$309$183$32
40 years$1,256$792$482$285$166$28
41 years$1,212$753$452$263$150$24
42 years$1,170$718$424$243$136$21
43 years$1,130$684$398$224$124$18
44 years$1,092$652$373$207$112$15
45 years$1,056$621$350$191$102$13
46 years$1,021$593$329$177$93$11
47 years$988$566$309$163$84$10
48 years$956$540$291$151$76$8
49 years$926$516$273$139$69$7
50 years$897$493$257$129$63$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $919,000, adding $2,881 every year, while hoping to spend $30,361 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: 55/26/19 Blend
53$919,000$919,000$919,000$919,000
54$1,015,710$967,003$952,758$1,066,227
55$1,087,008$982,082$952,372$1,116,131
56$1,164,562$996,883$950,955$1,166,971
57$1,248,976$1,011,359$948,441$1,221,668
58$1,340,918$1,025,462$944,760$1,280,599
59$1,441,121$1,039,139$939,839$1,344,180
60$1,550,393$1,052,334$933,601$1,412,870
61$1,669,622$1,064,988$925,966$1,487,176
62$1,799,787$1,077,035$916,849$1,567,657
63$1,941,964$1,088,409$906,163$1,654,929
64$2,097,340$1,099,037$893,814$1,749,674
65$2,267,218$1,108,839$879,707$1,852,642
66$2,453,037$1,117,735$863,739$1,964,662
67$2,656,378$1,125,635$845,806$2,086,648
68$2,878,983$1,132,446$825,795$2,219,608
69$3,122,771$1,138,067$803,591$2,364,655
70$3,389,854$1,142,393$779,072$2,523,018
71$3,682,560$1,145,311$752,111$2,696,051
72$4,003,451$1,146,701$722,576$2,885,247
73$4,355,348$1,146,434$690,328$3,092,257
74$4,741,360$1,144,377$655,221$3,318,897
75$5,164,911$1,140,384$617,103$3,567,176
76$5,629,773$1,134,303$575,817$3,839,305
77$6,140,098$1,125,972$531,195$4,137,726
78$6,700,464$1,115,220$483,066$4,465,131
79$7,315,910$1,101,865$431,247$4,824,492
80$7,991,990$1,085,713$375,551$5,219,083
81$8,734,820$1,066,561$315,779$5,652,517
82$9,551,140$1,044,190$251,726$6,128,781
83$10,448,373$1,018,373$183,176$6,652,269
84$11,434,700$988,866$109,905$7,227,828
85$12,519,130$955,411$31,678$7,860,804
86$13,711,592$917,737$0$8,557,092
87$15,023,024$875,556$0$9,333,695
88$16,465,477$828,562$0$10,194,816
89$18,052,228$776,434$0$11,141,985
90$19,797,907$718,831$0$12,183,977
91$21,718,632$655,392$0$13,330,461
92$23,832,164$585,738$0$14,592,098
93$26,158,070$509,464$0$15,980,638
94$28,717,911$426,146$0$17,509,034
95$31,535,446$335,335$0$19,191,560
96$34,636,850$236,555$0$21,043,954
97$38,050,969$129,307$0$23,083,561
98$41,809,585$13,059$0$25,329,499
99$45,947,718$0$0$27,802,841
100$50,503,957$0$0$30,559,073