Can I retire at age 54 with 921,000?

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 $921,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.9%
1 years$76,055$75,378$74,717$74,072$73,442$72,857
2 years$37,651$36,950$36,270$35,611$34,972$34,383
3 years$24,851$24,147$23,469$22,817$22,188$21,612
4 years$18,453$17,751$17,080$16,438$15,825$15,267
5 years$14,615$13,917$13,255$12,626$12,030$11,491
6 years$12,057$11,364$10,712$10,097$9,519$9,001
7 years$10,230$9,544$8,901$8,301$7,741$7,244
8 years$8,861$8,181$7,549$6,964$6,422$5,945
9 years$7,797$7,123$6,502$5,932$5,408$4,952
10 years$6,946$6,278$5,669$5,113$4,608$4,172
11 years$6,250$5,589$4,991$4,450$3,963$3,547
12 years$5,671$5,017$4,429$3,903$3,434$3,037
13 years$5,181$4,534$3,957$3,446$2,995$2,617
14 years$4,761$4,121$3,555$3,059$2,625$2,266
15 years$4,398$3,764$3,210$2,728$2,311$1,970
16 years$4,080$3,454$2,910$2,443$2,043$1,719
17 years$3,800$3,181$2,648$2,195$1,811$1,505
18 years$3,552$2,939$2,418$1,978$1,611$1,320
19 years$3,330$2,724$2,213$1,787$1,436$1,161
20 years$3,130$2,531$2,031$1,619$1,282$1,023
21 years$2,950$2,358$1,868$1,469$1,147$903
22 years$2,786$2,201$1,722$1,336$1,029$798
23 years$2,637$2,058$1,590$1,216$923$706
24 years$2,500$1,929$1,470$1,109$830$626
25 years$2,374$1,810$1,362$1,013$747$555
26 years$2,259$1,701$1,263$926$673$493
27 years$2,152$1,601$1,173$848$606$438
28 years$2,053$1,509$1,090$777$547$389
29 years$1,961$1,423$1,015$712$494$346
30 years$1,875$1,344$945$654$446$308
31 years$1,795$1,271$881$601$404$274
32 years$1,720$1,202$822$552$365$244
33 years$1,649$1,138$768$508$330$217
34 years$1,583$1,079$717$467$299$194
35 years$1,521$1,023$670$430$271$173
36 years$1,463$971$627$396$246$154
37 years$1,408$923$587$365$223$137
38 years$1,355$877$550$336$202$123
39 years$1,306$834$515$310$183$109
40 years$1,259$793$483$286$166$98
41 years$1,215$755$453$264$151$87
42 years$1,173$719$425$243$137$78
43 years$1,132$685$398$225$124$69
44 years$1,094$653$374$208$113$62
45 years$1,058$623$351$192$102$55
46 years$1,023$594$330$177$93$49
47 years$990$567$310$164$84$44
48 years$958$541$291$151$76$39
49 years$928$517$274$140$69$35
50 years$899$494$257$129$63$31

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $921,000, adding $2,123 every year, while hoping to spend $43,007 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: 45/32/23 Blend
53$921,000$921,000$921,000$921,000
54$1,017,132$968,319$954,043$1,056,070
55$1,075,120$970,007$940,245$1,085,435
56$1,137,582$970,337$924,542$1,112,888
57$1,204,928$969,196$906,827$1,141,794
58$1,277,610$966,466$886,985$1,172,310
59$1,356,123$962,020$864,896$1,204,611
60$1,441,013$955,724$840,435$1,238,894
61$1,532,878$947,437$813,472$1,275,375
62$1,632,377$937,007$783,869$1,314,299
63$1,740,235$924,275$751,484$1,355,938
64$1,857,246$909,072$716,166$1,400,593
65$1,984,288$891,219$677,760$1,448,603
66$2,122,321$870,525$636,101$1,500,341
67$2,272,407$846,790$591,020$1,556,226
68$2,435,711$819,801$542,337$1,616,721
69$2,613,514$789,331$489,865$1,682,342
70$2,807,228$755,144$433,411$1,753,664
71$3,018,405$716,987$372,771$1,831,322
72$3,248,755$674,592$307,731$1,916,025
73$3,500,159$627,677$238,071$2,008,559
74$3,774,687$575,945$163,558$2,109,794
75$4,074,618$519,079$83,950$2,220,698
76$4,402,462$456,747$0$2,342,344
77$4,760,981$388,596$0$2,476,167
78$5,153,218$314,254$0$2,645,242
79$5,582,521$233,327$0$2,830,473
80$6,052,579$145,401$0$3,033,548
81$6,567,453$50,037$0$3,256,335
82$7,131,616$0$0$3,500,895
83$7,749,993$0$0$3,788,251
84$8,428,010$0$0$4,122,748
85$9,171,641$0$0$4,489,728
86$9,987,468$0$0$4,892,454
87$10,882,739$0$0$5,334,519
88$11,865,439$0$0$5,819,879
89$12,944,363$0$0$6,352,896
90$14,129,200$0$0$6,938,371
91$15,430,623$0$0$7,581,595
92$16,860,388$0$0$8,288,396
93$18,431,449$0$0$9,065,196
94$20,158,073$0$0$9,919,068
95$22,055,982$0$0$10,857,806
96$24,142,494$0$0$11,889,994
97$26,436,689$0$0$13,025,094
98$28,959,589$0$0$14,273,528
99$31,734,356$0$0$15,646,777
100$34,786,507$0$0$17,157,494