Can I retire at age 54 with 922,000?

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 $922,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.8%
1 years$76,138$75,460$74,798$74,152$73,522$71,773
2 years$37,692$36,990$36,310$35,650$35,010$33,259
3 years$24,878$24,173$23,495$22,841$22,212$20,513
4 years$18,473$17,770$17,098$16,456$15,842$14,207
5 years$14,631$13,932$13,269$12,640$12,043$10,478
6 years$12,070$11,376$10,723$10,108$9,529$8,035
7 years$10,241$9,554$8,911$8,310$7,750$6,327
8 years$8,871$8,189$7,557$6,971$6,429$5,077
9 years$7,805$7,130$6,509$5,938$5,414$4,132
10 years$6,953$6,285$5,675$5,119$4,613$3,399
11 years$6,257$5,595$4,996$4,455$3,967$2,820
12 years$5,677$5,022$4,434$3,907$3,438$2,355
13 years$5,186$4,538$3,961$3,450$2,998$1,978
14 years$4,766$4,125$3,559$3,062$2,628$1,668
15 years$4,403$3,769$3,214$2,731$2,314$1,412
16 years$4,085$3,458$2,914$2,445$2,045$1,199
17 years$3,805$3,184$2,651$2,197$1,813$1,021
18 years$3,556$2,942$2,420$1,980$1,612$871
19 years$3,333$2,727$2,216$1,789$1,437$744
20 years$3,134$2,534$2,033$1,620$1,284$637
21 years$2,953$2,360$1,870$1,471$1,149$546
22 years$2,789$2,203$1,724$1,337$1,030$468
23 years$2,640$2,061$1,592$1,218$924$402
24 years$2,503$1,931$1,472$1,111$831$346
25 years$2,377$1,812$1,363$1,014$748$297
26 years$2,261$1,703$1,264$927$673$256
27 years$2,154$1,603$1,174$849$607$220
28 years$2,055$1,510$1,091$778$548$190
29 years$1,963$1,425$1,016$713$495$163
30 years$1,877$1,345$946$655$447$141
31 years$1,797$1,272$882$601$404$121
32 years$1,722$1,203$823$552$366$105
33 years$1,651$1,140$768$508$331$90
34 years$1,585$1,080$718$467$300$78
35 years$1,523$1,025$671$430$271$67
36 years$1,464$972$628$396$246$58
37 years$1,409$924$588$365$223$50
38 years$1,357$878$550$337$202$43
39 years$1,307$835$516$310$183$37
40 years$1,261$794$483$286$166$32
41 years$1,216$756$453$264$151$28
42 years$1,174$720$425$244$137$24
43 years$1,134$686$399$225$124$21
44 years$1,095$654$374$208$113$18
45 years$1,059$623$352$192$102$15
46 years$1,024$595$330$177$93$13
47 years$991$568$310$164$84$12
48 years$959$542$292$151$77$10
49 years$929$517$274$140$70$9
50 years$900$494$258$129$63$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $922,000, adding $5,668 every year, while hoping to spend $39,825 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: 58/34/8 Blend
53$922,000$922,000$922,000$922,000
54$1,021,891$973,025$958,734$1,079,000
55$1,083,750$978,329$948,478$1,123,367
56$1,150,584$982,559$936,543$1,166,711
57$1,222,859$985,619$922,833$1,212,972
58$1,301,085$987,410$907,242$1,262,432
59$1,385,825$987,822$889,665$1,315,404
60$1,477,698$986,745$869,987$1,372,233
61$1,577,384$984,055$848,092$1,433,301
62$1,685,629$979,626$823,855$1,499,030
63$1,803,257$973,322$797,148$1,569,886
64$1,931,173$964,998$767,836$1,646,387
65$2,070,372$954,502$735,777$1,729,101
66$2,221,948$941,671$700,825$1,818,660
67$2,387,108$926,334$662,824$1,915,759
68$2,567,178$908,309$621,613$2,021,168
69$2,763,617$887,403$577,024$2,135,738
70$2,978,032$863,413$528,881$2,260,409
71$3,212,193$836,121$477,000$2,396,218
72$3,468,045$805,300$421,188$2,544,314
73$3,747,733$770,707$361,245$2,705,962
74$4,053,617$732,086$296,961$2,882,565
75$4,388,294$689,167$228,118$3,075,667
76$4,754,627$641,663$154,487$3,286,976
77$5,155,766$589,271$75,829$3,518,379
78$5,595,180$531,671$0$3,771,959
79$6,076,690$468,525$0$4,050,708
80$6,604,504$399,475$0$4,363,427
81$7,183,258$324,143$0$4,706,463
82$7,818,054$242,130$0$5,082,936
83$8,514,516$153,015$0$5,496,290
84$9,278,837$56,352$0$5,950,325
85$10,117,837$0$0$6,449,231
86$11,039,030$0$0$7,015,716
87$12,050,695$0$0$7,661,072
88$13,161,948$0$0$8,370,041
89$14,382,835$0$0$9,149,043
90$15,724,420$0$0$10,005,148
91$17,198,895$0$0$10,946,148
92$18,819,691$0$0$11,980,624
93$20,601,602$0$0$13,118,033
94$22,560,931$0$0$14,368,793
95$24,715,637$0$0$15,744,380
96$27,085,508$0$0$17,257,442
97$29,692,346$0$0$18,921,910
98$32,560,170$0$0$20,753,137
99$35,715,448$0$0$22,768,037
100$39,187,340$0$0$24,985,246