Can I retire at age 54 with 922,000?

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 $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%19.3%
1 years$76,138$75,460$74,798$74,152$73,522$70,772
2 years$37,692$36,990$36,310$35,650$35,010$32,272
3 years$24,878$24,173$23,495$22,841$22,212$19,571
4 years$18,473$17,770$17,098$16,456$15,842$13,318
5 years$14,631$13,932$13,269$12,640$12,043$9,642
6 years$12,070$11,376$10,723$10,108$9,529$7,254
7 years$10,241$9,554$8,911$8,310$7,750$5,599
8 years$8,871$8,189$7,557$6,971$6,429$4,402
9 years$7,805$7,130$6,509$5,938$5,414$3,507
10 years$6,953$6,285$5,675$5,119$4,613$2,822
11 years$6,257$5,595$4,996$4,455$3,967$2,289
12 years$5,677$5,022$4,434$3,907$3,438$1,868
13 years$5,186$4,538$3,961$3,450$2,998$1,532
14 years$4,766$4,125$3,559$3,062$2,628$1,261
15 years$4,403$3,769$3,214$2,731$2,314$1,042
16 years$4,085$3,458$2,914$2,445$2,045$863
17 years$3,805$3,184$2,651$2,197$1,813$716
18 years$3,556$2,942$2,420$1,980$1,612$595
19 years$3,333$2,727$2,216$1,789$1,437$495
20 years$3,134$2,534$2,033$1,620$1,284$413
21 years$2,953$2,360$1,870$1,471$1,149$344
22 years$2,789$2,203$1,724$1,337$1,030$287
23 years$2,640$2,061$1,592$1,218$924$240
24 years$2,503$1,931$1,472$1,111$831$201
25 years$2,377$1,812$1,363$1,014$748$168
26 years$2,261$1,703$1,264$927$673$140
27 years$2,154$1,603$1,174$849$607$117
28 years$2,055$1,510$1,091$778$548$98
29 years$1,963$1,425$1,016$713$495$82
30 years$1,877$1,345$946$655$447$69
31 years$1,797$1,272$882$601$404$58
32 years$1,722$1,203$823$552$366$48
33 years$1,651$1,140$768$508$331$41
34 years$1,585$1,080$718$467$300$34
35 years$1,523$1,025$671$430$271$28
36 years$1,464$972$628$396$246$24
37 years$1,409$924$588$365$223$20
38 years$1,357$878$550$337$202$17
39 years$1,307$835$516$310$183$14
40 years$1,261$794$483$286$166$12
41 years$1,216$756$453$264$151$10
42 years$1,174$720$425$244$137$8
43 years$1,134$686$399$225$124$7
44 years$1,095$654$374$208$113$6
45 years$1,059$623$352$192$102$5
46 years$1,024$595$330$177$93$4
47 years$991$568$310$164$84$3
48 years$959$542$292$151$77$3
49 years$929$517$274$140$70$2
50 years$900$494$258$129$63$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $922,000, adding $2,799 every year, while hoping to spend $30,380 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: 54/25/21 Blend
53$922,000$922,000$922,000$922,000
54$1,018,931$970,065$955,774$1,067,967
55$1,090,538$985,274$955,469$1,117,119
56$1,168,431$1,000,210$954,134$1,167,175
57$1,253,218$1,014,828$951,705$1,221,015
58$1,345,570$1,029,079$948,112$1,279,009
59$1,446,225$1,042,910$943,280$1,341,569
60$1,555,994$1,056,267$937,134$1,409,145
61$1,675,770$1,069,089$929,592$1,482,235
62$1,806,537$1,081,312$920,572$1,561,391
63$1,949,377$1,092,870$909,985$1,647,220
64$2,105,482$1,103,689$897,738$1,740,391
65$2,276,164$1,113,692$883,734$1,841,644
66$2,462,866$1,122,797$867,873$1,951,796
67$2,667,180$1,130,916$850,049$2,071,746
68$2,890,857$1,137,955$830,150$2,202,489
69$3,135,825$1,143,815$808,060$2,345,120
70$3,404,208$1,148,391$783,659$2,500,851
71$3,698,344$1,151,570$756,819$2,671,014
72$4,020,811$1,153,232$727,407$2,857,084
73$4,374,443$1,153,250$695,285$3,060,686
74$4,762,367$1,151,489$660,308$3,283,610
75$5,188,023$1,147,807$622,323$3,527,837
76$5,655,203$1,142,052$581,173$3,795,547
77$6,168,083$1,134,061$536,691$4,089,146
78$6,731,261$1,123,664$488,704$4,411,291
79$7,349,806$1,110,680$437,032$4,764,910
80$8,029,299$1,094,916$381,485$5,153,232
81$8,775,890$1,076,169$321,867$5,579,822
82$9,596,352$1,054,223$257,971$6,048,610
83$10,498,149$1,028,849$189,582$6,563,929
84$11,489,503$999,805$116,476$7,130,561
85$12,579,472$966,835$38,418$7,753,778
86$13,778,037$929,668$0$8,439,395
87$15,096,191$888,017$0$9,203,882
88$16,546,051$841,578$0$10,054,094
89$18,140,962$790,030$0$10,989,271
90$19,895,632$733,033$0$12,018,076
91$21,826,264$670,229$0$13,150,056
92$23,950,710$601,237$0$14,395,734
93$26,288,642$525,657$0$15,766,712
94$28,861,734$443,065$0$17,275,776
95$31,693,868$353,013$0$18,937,019
96$34,811,360$255,027$0$20,765,978
97$38,243,204$148,609$0$22,779,773
98$42,021,351$33,231$0$24,997,281
99$46,181,005$0$0$27,439,302
100$50,760,958$0$0$30,153,985