Can I retire at age 54 with 923,000?

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 $923,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.7%
1 years$76,220$75,542$74,879$74,233$73,601$71,018
2 years$37,733$37,030$36,349$35,689$35,048$32,473
3 years$24,905$24,200$23,520$22,866$22,236$19,749
4 years$18,493$17,789$17,117$16,474$15,859$13,480
5 years$14,646$13,947$13,283$12,653$12,056$9,791
6 years$12,083$11,389$10,735$10,119$9,539$7,390
7 years$10,253$9,564$8,921$8,319$7,758$5,724
8 years$8,880$8,198$7,565$6,979$6,436$4,516
9 years$7,814$7,138$6,516$5,945$5,420$3,611
10 years$6,961$6,292$5,681$5,124$4,618$2,917
11 years$6,264$5,601$5,001$4,460$3,972$2,375
12 years$5,683$5,027$4,439$3,912$3,442$1,946
13 years$5,192$4,543$3,966$3,453$3,001$1,603
14 years$4,772$4,130$3,563$3,066$2,631$1,325
15 years$4,407$3,773$3,217$2,734$2,317$1,099
16 years$4,089$3,461$2,917$2,448$2,047$914
17 years$3,809$3,188$2,654$2,199$1,815$762
18 years$3,560$2,946$2,423$1,982$1,614$636
19 years$3,337$2,730$2,218$1,791$1,439$532
20 years$3,137$2,537$2,036$1,622$1,285$445
21 years$2,956$2,363$1,872$1,472$1,150$373
22 years$2,792$2,206$1,726$1,339$1,031$313
23 years$2,642$2,063$1,593$1,219$925$263
24 years$2,505$1,933$1,474$1,112$832$221
25 years$2,380$1,814$1,365$1,015$748$185
26 years$2,264$1,705$1,266$928$674$156
27 years$2,157$1,604$1,175$850$608$131
28 years$2,057$1,512$1,093$779$548$110
29 years$1,965$1,426$1,017$714$495$93
30 years$1,879$1,347$947$655$447$78
31 years$1,799$1,273$883$602$405$66
32 years$1,723$1,205$824$553$366$55
33 years$1,653$1,141$769$509$331$47
34 years$1,587$1,081$719$468$300$39
35 years$1,525$1,026$672$431$272$33
36 years$1,466$973$629$397$246$28
37 years$1,411$925$588$366$223$23
38 years$1,358$879$551$337$202$20
39 years$1,309$836$516$311$183$17
40 years$1,262$795$484$287$166$14
41 years$1,217$757$454$264$151$12
42 years$1,175$721$426$244$137$10
43 years$1,135$687$399$225$124$8
44 years$1,097$655$375$208$113$7
45 years$1,060$624$352$192$102$6
46 years$1,025$595$331$177$93$5
47 years$992$568$311$164$84$4
48 years$961$542$292$151$77$4
49 years$930$518$274$140$70$3
50 years$901$495$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 $923,000, adding $2,778 every year, while hoping to spend $48,064 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: 46/32/22 Blend
53$923,000$923,000$923,000$923,000
54$1,020,012$971,093$956,786$1,060,385
55$1,072,913$967,536$937,699$1,085,446
56$1,129,599$962,195$916,361$1,107,650
57$1,190,406$954,930$892,647$1,130,760
58$1,255,702$945,596$866,424$1,154,884
59$1,325,889$934,036$837,555$1,180,142
60$1,401,412$920,085$805,895$1,206,673
61$1,482,757$903,571$771,294$1,234,629
62$1,570,458$884,306$733,593$1,264,183
63$1,665,104$862,096$692,627$1,295,532
64$1,767,339$836,734$648,225$1,328,892
65$1,877,873$807,999$600,205$1,364,508
66$1,997,485$775,659$548,381$1,402,656
67$2,127,030$739,469$492,554$1,443,643
68$2,267,453$699,168$432,520$1,487,811
69$2,419,788$654,482$368,064$1,535,545
70$2,585,173$605,119$298,961$1,587,275
71$2,764,864$550,772$224,979$1,643,479
72$2,960,236$491,117$145,873$1,704,691
73$3,172,808$425,809$61,387$1,771,506
74$3,404,247$354,485$0$1,844,589
75$3,656,388$276,763$0$1,931,433
76$3,931,252$192,238$0$2,041,922
77$4,231,063$100,480$0$2,162,614
78$4,558,267$1,040$0$2,294,599
79$4,915,559$0$0$2,439,081
80$5,305,904$0$0$2,634,916
81$5,732,566$0$0$2,849,475
82$6,199,139$0$0$3,084,211
83$6,709,581$0$0$3,341,129
84$7,268,250$0$0$3,622,437
85$7,879,942$0$0$3,930,563
86$8,549,943$0$0$4,268,186
87$9,284,071$0$0$4,638,253
88$10,088,733$0$0$5,044,009
89$10,970,989$0$0$5,489,032
90$11,938,610$0$0$5,977,259
91$13,000,160$0$0$6,513,027
92$14,165,067$0$0$7,101,116
93$15,443,720$0$0$7,746,788
94$16,847,560$0$0$8,455,842
95$18,389,193$0$0$9,234,664
96$20,082,502$0$0$10,090,290
97$21,942,784$0$0$11,030,471
98$23,986,888$0$0$12,063,746
99$26,233,378$0$0$13,199,523
100$28,702,705$0$0$14,448,165