Can I retire at age 54 with 925,000?

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 $925,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.8%
1 years$76,386$75,705$75,041$74,393$73,761$71,428
2 years$37,815$37,110$36,428$35,766$35,124$32,795
3 years$24,959$24,252$23,571$22,916$22,284$20,032
4 years$18,533$17,828$17,154$16,509$15,893$13,735
5 years$14,678$13,977$13,312$12,681$12,082$10,024
6 years$12,109$11,413$10,758$10,141$9,560$7,603
7 years$10,275$9,585$8,940$8,337$7,775$5,919
8 years$8,900$8,216$7,582$6,994$6,450$4,695
9 years$7,831$7,154$6,530$5,957$5,432$3,775
10 years$6,976$6,306$5,693$5,135$4,628$3,067
11 years$6,277$5,613$5,012$4,469$3,980$2,512
12 years$5,695$5,038$4,448$3,920$3,449$2,070
13 years$5,203$4,553$3,974$3,461$3,008$1,715
14 years$4,782$4,139$3,571$3,072$2,637$1,427
15 years$4,417$3,781$3,224$2,740$2,322$1,191
16 years$4,098$3,469$2,923$2,453$2,052$997
17 years$3,817$3,195$2,660$2,204$1,819$837
18 years$3,567$2,952$2,428$1,986$1,618$703
19 years$3,344$2,736$2,223$1,795$1,442$592
20 years$3,144$2,542$2,040$1,626$1,288$499
21 years$2,963$2,368$1,876$1,475$1,152$421
22 years$2,798$2,211$1,729$1,341$1,033$356
23 years$2,648$2,067$1,597$1,222$927$301
24 years$2,511$1,937$1,477$1,114$833$254
25 years$2,385$1,818$1,368$1,018$750$215
26 years$2,269$1,708$1,269$930$676$182
27 years$2,161$1,608$1,178$852$609$154
28 years$2,062$1,515$1,095$780$550$131
29 years$1,969$1,429$1,019$716$496$111
30 years$1,883$1,350$949$657$448$94
31 years$1,802$1,276$885$603$405$80
32 years$1,727$1,207$826$554$367$68
33 years$1,657$1,143$771$510$332$57
34 years$1,590$1,084$720$469$300$49
35 years$1,528$1,028$673$432$272$41
36 years$1,469$976$630$398$247$35
37 years$1,414$927$590$366$223$30
38 years$1,361$881$552$338$203$25
39 years$1,312$837$517$311$184$21
40 years$1,265$797$485$287$167$18
41 years$1,220$758$455$265$151$15
42 years$1,178$722$426$245$137$13
43 years$1,137$688$400$226$125$11
44 years$1,099$656$376$208$113$9
45 years$1,062$626$353$192$103$8
46 years$1,028$597$331$178$93$7
47 years$994$569$311$164$85$6
48 years$963$544$292$152$77$5
49 years$932$519$275$140$70$4
50 years$903$496$258$130$63$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $925,000, adding $2,680 every year, while hoping to spend $38,406 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: 86/8/6 Blend
53$925,000$925,000$925,000$925,000
54$1,022,114$973,089$958,752$1,109,533
55$1,085,506$979,907$950,006$1,173,727
56$1,154,077$985,772$939,681$1,238,685
57$1,228,314$990,596$927,681$1,308,826
58$1,308,754$994,287$913,911$1,384,645
59$1,395,986$996,746$898,266$1,466,685
60$1,490,659$997,868$880,639$1,555,545
61$1,593,485$997,543$860,919$1,651,886
62$1,705,248$995,650$838,988$1,756,433
63$1,826,812$992,066$814,724$1,869,986
64$1,959,127$986,657$787,996$1,993,426
65$2,103,235$979,280$758,671$2,127,723
66$2,260,287$969,788$726,609$2,273,944
67$2,431,549$958,019$691,663$2,433,266
68$2,618,411$943,806$653,677$2,606,986
69$2,822,406$926,970$612,493$2,796,531
70$3,045,223$907,323$567,943$3,003,473
71$3,288,716$884,662$519,850$3,229,545
72$3,554,932$858,778$468,032$3,476,655
73$3,846,121$829,444$412,297$3,746,907
74$4,164,762$796,423$352,445$4,042,618
75$4,513,584$759,464$288,268$4,366,339
76$4,895,592$718,300$219,547$4,720,884
77$5,314,096$672,650$146,056$5,109,352
78$5,772,740$622,217$67,555$5,535,157
79$6,275,540$566,686$0$6,002,062
80$6,826,915$505,724$0$6,515,252
81$7,431,736$438,980$0$7,082,940
82$8,095,366$366,082$0$7,705,849
83$8,823,712$286,639$0$8,389,544
84$9,623,281$200,235$0$9,140,158
85$10,501,243$106,433$0$9,964,448
86$11,465,493$4,772$0$10,869,859
87$12,524,730$0$0$11,864,593
88$13,688,536$0$0$12,966,954
89$14,967,468$0$0$14,178,837
90$16,373,157$0$0$15,510,843
91$17,918,415$0$0$16,975,115
92$19,617,357$0$0$18,585,031
93$21,485,537$0$0$20,355,331
94$23,540,088$0$0$22,302,251
95$25,799,888$0$0$24,443,683
96$28,285,737$0$0$26,799,340
97$31,020,553$0$0$29,390,939
98$34,029,584$0$0$32,242,410
99$37,340,652$0$0$35,380,120
100$40,984,410$0$0$38,833,119