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%18.5%
1 years$76,138$75,460$74,798$74,152$73,522$70,998
2 years$37,692$36,990$36,310$35,650$35,010$32,493
3 years$24,878$24,173$23,495$22,841$22,212$19,781
4 years$18,473$17,770$17,098$16,456$15,842$13,515
5 years$14,631$13,932$13,269$12,640$12,043$9,827
6 years$12,070$11,376$10,723$10,108$9,529$7,425
7 years$10,241$9,554$8,911$8,310$7,750$5,758
8 years$8,871$8,189$7,557$6,971$6,429$4,548
9 years$7,805$7,130$6,509$5,938$5,414$3,641
10 years$6,953$6,285$5,675$5,119$4,613$2,945
11 years$6,257$5,595$4,996$4,455$3,967$2,401
12 years$5,677$5,022$4,434$3,907$3,438$1,970
13 years$5,186$4,538$3,961$3,450$2,998$1,625
14 years$4,766$4,125$3,559$3,062$2,628$1,345
15 years$4,403$3,769$3,214$2,731$2,314$1,117
16 years$4,085$3,458$2,914$2,445$2,045$930
17 years$3,805$3,184$2,651$2,197$1,813$777
18 years$3,556$2,942$2,420$1,980$1,612$649
19 years$3,333$2,727$2,216$1,789$1,437$544
20 years$3,134$2,534$2,033$1,620$1,284$456
21 years$2,953$2,360$1,870$1,471$1,149$383
22 years$2,789$2,203$1,724$1,337$1,030$321
23 years$2,640$2,061$1,592$1,218$924$270
24 years$2,503$1,931$1,472$1,111$831$227
25 years$2,377$1,812$1,363$1,014$748$191
26 years$2,261$1,703$1,264$927$673$161
27 years$2,154$1,603$1,174$849$607$136
28 years$2,055$1,510$1,091$778$548$114
29 years$1,963$1,425$1,016$713$495$96
30 years$1,877$1,345$946$655$447$81
31 years$1,797$1,272$882$601$404$68
32 years$1,722$1,203$823$552$366$58
33 years$1,651$1,140$768$508$331$49
34 years$1,585$1,080$718$467$300$41
35 years$1,523$1,025$671$430$271$35
36 years$1,464$972$628$396$246$29
37 years$1,409$924$588$365$223$25
38 years$1,357$878$550$337$202$21
39 years$1,307$835$516$310$183$18
40 years$1,261$794$483$286$166$15
41 years$1,216$756$453$264$151$12
42 years$1,174$720$425$244$137$11
43 years$1,134$686$399$225$124$9
44 years$1,095$654$374$208$113$7
45 years$1,059$623$352$192$102$6
46 years$1,024$595$330$177$93$5
47 years$991$568$310$164$84$5
48 years$959$542$292$151$77$4
49 years$929$517$274$140$70$3
50 years$900$494$258$129$63$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $922,000, adding $4,354 every year, while hoping to spend $38,550 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: 20/50/30 Blend
53$922,000$922,000$922,000$922,000
54$1,020,535$971,669$957,378$1,031,155
55$1,083,613$978,264$948,433$1,048,243
56$1,151,832$983,890$937,897$1,063,034
57$1,225,678$988,459$925,675$1,077,990
58$1,305,680$991,877$911,669$1,093,148
59$1,392,425$994,045$895,775$1,108,554
60$1,486,556$994,856$877,887$1,124,259
61$1,588,779$994,198$857,890$1,140,327
62$1,699,872$991,951$835,667$1,156,829
63$1,820,691$987,990$811,094$1,173,849
64$1,952,179$982,178$784,043$1,191,485
65$2,095,369$974,373$754,377$1,209,846
66$2,251,404$964,424$721,955$1,229,063
67$2,421,537$952,171$686,630$1,249,280
68$2,607,148$937,442$648,247$1,270,666
69$2,809,759$920,058$606,645$1,293,411
70$3,031,041$899,827$561,654$1,317,731
71$3,272,836$876,548$513,099$1,343,871
72$3,537,173$850,006$460,795$1,372,109
73$3,826,283$819,975$404,550$1,402,759
74$4,142,624$786,214$344,163$1,436,174
75$4,488,903$748,470$279,423$1,472,753
76$4,868,099$706,473$210,113$1,512,943
77$5,283,496$659,941$136,002$1,557,248
78$5,738,707$608,572$56,852$1,606,234
79$6,237,712$552,050$0$1,660,533
80$6,784,897$490,038$0$1,729,696
81$7,385,088$422,182$0$1,825,673
82$8,043,606$348,107$0$1,931,219
83$8,766,307$267,418$0$2,047,420
84$9,559,645$179,696$0$2,175,476
85$10,430,727$84,500$0$2,316,722
86$11,387,384$0$0$2,472,638
87$12,438,240$0$0$2,655,120
88$13,592,798$0$0$2,906,867
89$14,861,525$0$0$3,183,692
90$16,255,954$0$0$3,488,132
91$17,788,789$0$0$3,822,987
92$19,474,027$0$0$4,191,337
93$21,327,089$0$0$4,596,579
94$23,364,965$0$0$5,042,453
95$25,606,373$0$0$5,533,083
96$28,071,938$0$0$6,073,011
97$30,784,382$0$0$6,667,241
98$33,768,742$0$0$7,321,289
99$37,052,604$0$0$8,041,230
100$40,666,363$0$0$8,833,759