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%17.2%
1 years$76,055$75,378$74,717$74,072$73,442$71,291
2 years$37,651$36,950$36,270$35,611$34,972$32,823
3 years$24,851$24,147$23,469$22,817$22,188$20,107
4 years$18,453$17,751$17,080$16,438$15,825$13,828
5 years$14,615$13,917$13,255$12,626$12,030$10,123
6 years$12,057$11,364$10,712$10,097$9,519$7,704
7 years$10,230$9,544$8,901$8,301$7,741$6,019
8 years$8,861$8,181$7,549$6,964$6,422$4,790
9 years$7,797$7,123$6,502$5,932$5,408$3,866
10 years$6,946$6,278$5,669$5,113$4,608$3,152
11 years$6,250$5,589$4,991$4,450$3,963$2,592
12 years$5,671$5,017$4,429$3,903$3,434$2,145
13 years$5,181$4,534$3,957$3,446$2,995$1,784
14 years$4,761$4,121$3,555$3,059$2,625$1,491
15 years$4,398$3,764$3,210$2,728$2,311$1,250
16 years$4,080$3,454$2,910$2,443$2,043$1,051
17 years$3,800$3,181$2,648$2,195$1,811$885
18 years$3,552$2,939$2,418$1,978$1,611$747
19 years$3,330$2,724$2,213$1,787$1,436$632
20 years$3,130$2,531$2,031$1,619$1,282$535
21 years$2,950$2,358$1,868$1,469$1,147$454
22 years$2,786$2,201$1,722$1,336$1,029$385
23 years$2,637$2,058$1,590$1,216$923$327
24 years$2,500$1,929$1,470$1,109$830$278
25 years$2,374$1,810$1,362$1,013$747$236
26 years$2,259$1,701$1,263$926$673$201
27 years$2,152$1,601$1,173$848$606$171
28 years$2,053$1,509$1,090$777$547$146
29 years$1,961$1,423$1,015$712$494$124
30 years$1,875$1,344$945$654$446$106
31 years$1,795$1,271$881$601$404$90
32 years$1,720$1,202$822$552$365$77
33 years$1,649$1,138$768$508$330$66
34 years$1,583$1,079$717$467$299$56
35 years$1,521$1,023$670$430$271$48
36 years$1,463$971$627$396$246$41
37 years$1,408$923$587$365$223$35
38 years$1,355$877$550$336$202$30
39 years$1,306$834$515$310$183$25
40 years$1,259$793$483$286$166$21
41 years$1,215$755$453$264$151$18
42 years$1,173$719$425$243$137$16
43 years$1,132$685$398$225$124$13
44 years$1,094$653$374$208$113$11
45 years$1,058$623$351$192$102$10
46 years$1,023$594$330$177$93$8
47 years$990$567$310$164$84$7
48 years$958$541$291$151$76$6
49 years$928$517$274$140$69$5
50 years$899$494$257$129$63$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $921,000, adding $2,600 every year, while hoping to spend $57,232 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: 60/35/5 Blend
53$921,000$921,000$921,000$921,000
54$1,017,624$968,811$954,535$1,077,663
55$1,060,527$955,388$925,618$1,104,696
56$1,105,888$939,390$893,814$1,127,325
57$1,153,898$920,629$858,965$1,150,538
58$1,204,763$898,907$820,908$1,174,392
59$1,258,712$874,016$779,471$1,198,951
60$1,315,992$845,734$734,475$1,224,289
61$1,376,874$813,827$685,731$1,250,490
62$1,441,656$778,045$633,044$1,277,649
63$1,510,662$738,127$576,208$1,305,874
64$1,584,249$693,794$515,010$1,335,287
65$1,662,806$644,753$449,227$1,366,027
66$1,746,760$590,694$378,623$1,398,250
67$1,836,579$531,288$302,957$1,432,134
68$1,932,776$466,187$221,973$1,467,876
69$2,035,915$395,026$135,405$1,505,701
70$2,146,614$317,417$42,976$1,545,861
71$2,265,549$232,951$0$1,588,640
72$2,393,464$141,196$0$1,637,324
73$2,531,178$41,694$0$1,691,940
74$2,679,585$0$0$1,750,609
75$2,839,673$0$0$1,839,229
76$3,012,523$0$0$1,952,309
77$3,199,324$0$0$2,074,576
78$3,401,384$0$0$2,206,892
79$3,620,140$0$0$2,350,207
80$3,857,171$0$0$2,505,564
81$4,114,214$0$0$2,674,110
82$4,393,179$0$0$2,857,106
83$4,696,167$0$0$3,055,940
84$5,025,489$0$0$3,272,139
85$5,383,686$0$0$3,507,382
86$5,773,556$0$0$3,763,516
87$6,198,176$0$0$4,042,575
88$6,660,931$0$0$4,346,796
89$7,165,551$0$0$4,678,641
90$7,716,135$0$0$5,040,822
91$8,317,199$0$0$5,436,321
92$8,973,713$0$0$5,868,424
93$9,691,149$0$0$6,340,745
94$10,475,530$0$0$6,857,266
95$11,333,489$0$0$7,422,370
96$12,272,326$0$0$8,040,882
97$13,300,084$0$0$8,718,118
98$14,425,617$0$0$9,459,930
99$15,658,676$0$0$10,272,762
100$17,009,998$0$0$11,163,712