Can I retire at age 54 with 921,000?

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 $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%12.7%
1 years$76,055$75,378$74,717$74,072$73,442$72,614
2 years$37,651$36,950$36,270$35,611$34,972$34,139
3 years$24,851$24,147$23,469$22,817$22,188$21,375
4 years$18,453$17,751$17,080$16,438$15,825$15,039
5 years$14,615$13,917$13,255$12,626$12,030$11,272
6 years$12,057$11,364$10,712$10,097$9,519$8,791
7 years$10,230$9,544$8,901$8,301$7,741$7,044
8 years$8,861$8,181$7,549$6,964$6,422$5,755
9 years$7,797$7,123$6,502$5,932$5,408$4,771
10 years$6,946$6,278$5,669$5,113$4,608$4,000
11 years$6,250$5,589$4,991$4,450$3,963$3,384
12 years$5,671$5,017$4,429$3,903$3,434$2,883
13 years$5,181$4,534$3,957$3,446$2,995$2,471
14 years$4,761$4,121$3,555$3,059$2,625$2,129
15 years$4,398$3,764$3,210$2,728$2,311$1,841
16 years$4,080$3,454$2,910$2,443$2,043$1,597
17 years$3,800$3,181$2,648$2,195$1,811$1,390
18 years$3,552$2,939$2,418$1,978$1,611$1,213
19 years$3,330$2,724$2,213$1,787$1,436$1,061
20 years$3,130$2,531$2,031$1,619$1,282$929
21 years$2,950$2,358$1,868$1,469$1,147$815
22 years$2,786$2,201$1,722$1,336$1,029$716
23 years$2,637$2,058$1,590$1,216$923$630
24 years$2,500$1,929$1,470$1,109$830$555
25 years$2,374$1,810$1,362$1,013$747$489
26 years$2,259$1,701$1,263$926$673$431
27 years$2,152$1,601$1,173$848$606$381
28 years$2,053$1,509$1,090$777$547$336
29 years$1,961$1,423$1,015$712$494$297
30 years$1,875$1,344$945$654$446$263
31 years$1,795$1,271$881$601$404$232
32 years$1,720$1,202$822$552$365$206
33 years$1,649$1,138$768$508$330$182
34 years$1,583$1,079$717$467$299$161
35 years$1,521$1,023$670$430$271$143
36 years$1,463$971$627$396$246$126
37 years$1,408$923$587$365$223$112
38 years$1,355$877$550$336$202$99
39 years$1,306$834$515$310$183$88
40 years$1,259$793$483$286$166$78
41 years$1,215$755$453$264$151$69
42 years$1,173$719$425$243$137$61
43 years$1,132$685$398$225$124$54
44 years$1,094$653$374$208$113$48
45 years$1,058$623$351$192$102$43
46 years$1,023$594$330$177$93$38
47 years$990$567$310$164$84$34
48 years$958$541$291$151$76$30
49 years$928$517$274$140$69$26
50 years$899$494$257$129$63$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $921,000, adding $4,189 every year, while hoping to spend $36,800 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: 48/39/13 Blend
53$921,000$921,000$921,000$921,000
54$1,019,263$970,450$956,174$1,064,324
55$1,084,073$978,847$949,051$1,104,233
56$1,154,260$986,422$940,456$1,143,393
57$1,230,334$993,096$930,301$1,185,091
58$1,312,855$998,785$918,493$1,229,577
59$1,402,440$1,003,399$904,936$1,277,128
60$1,499,766$1,006,843$889,529$1,328,050
61$1,605,579$1,009,015$872,165$1,382,681
62$1,720,700$1,009,809$852,734$1,441,397
63$1,846,030$1,009,108$831,120$1,504,612
64$1,982,563$1,006,793$807,200$1,572,786
65$2,131,392$1,002,733$780,849$1,646,427
66$2,293,720$996,793$751,933$1,726,099
67$2,470,871$988,827$720,314$1,812,423
68$2,664,301$978,681$685,846$1,906,088
69$2,875,615$966,192$648,378$2,007,855
70$3,106,580$951,187$607,750$2,118,566
71$3,359,139$933,483$563,797$2,239,154
72$3,635,433$912,885$516,347$2,370,647
73$3,937,819$889,189$465,216$2,514,185
74$4,268,893$862,176$410,218$2,671,025
75$4,631,514$831,616$351,154$2,842,560
76$5,028,828$797,265$287,817$3,030,327
77$5,464,303$758,865$219,993$3,236,025
78$5,941,756$716,144$147,457$3,461,532
79$6,465,392$668,812$69,974$3,708,922
80$7,039,843$616,565$0$3,980,489
81$7,670,209$559,079$0$4,280,528
82$8,362,111$496,014$0$4,620,544
83$9,121,737$427,009$0$4,993,949
84$9,955,906$351,684$0$5,404,193
85$10,872,128$269,637$0$5,855,083
86$11,878,677$180,441$0$6,350,823
87$12,984,669$83,649$0$6,896,050
88$14,200,144$0$0$7,495,882
89$15,536,165$0$0$8,165,068
90$17,004,921$0$0$8,940,313
91$18,619,837$0$0$9,792,819
92$20,395,708$0$0$10,730,410
93$22,348,832$0$0$11,761,704
94$24,497,167$0$0$12,896,199
95$26,860,498$0$0$14,144,359
96$29,460,624$0$0$15,517,713
97$32,321,564$0$0$17,028,964
98$35,469,782$0$0$18,692,108
99$38,934,439$0$0$20,522,568
100$42,747,662$0$0$22,537,337