Can I retire at age 54 with 925,000?

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 $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%17.1%
1 years$76,386$75,705$75,041$74,393$73,761$71,629
2 years$37,815$37,110$36,428$35,766$35,124$32,994
3 years$24,959$24,252$23,571$22,916$22,284$20,221
4 years$18,533$17,828$17,154$16,509$15,893$13,914
5 years$14,678$13,977$13,312$12,681$12,082$10,192
6 years$12,109$11,413$10,758$10,141$9,560$7,760
7 years$10,275$9,585$8,940$8,337$7,775$6,066
8 years$8,900$8,216$7,582$6,994$6,450$4,831
9 years$7,831$7,154$6,530$5,957$5,432$3,901
10 years$6,976$6,306$5,693$5,135$4,628$3,183
11 years$6,277$5,613$5,012$4,469$3,980$2,619
12 years$5,695$5,038$4,448$3,920$3,449$2,169
13 years$5,203$4,553$3,974$3,461$3,008$1,805
14 years$4,782$4,139$3,571$3,072$2,637$1,509
15 years$4,417$3,781$3,224$2,740$2,322$1,266
16 years$4,098$3,469$2,923$2,453$2,052$1,065
17 years$3,817$3,195$2,660$2,204$1,819$898
18 years$3,567$2,952$2,428$1,986$1,618$759
19 years$3,344$2,736$2,223$1,795$1,442$642
20 years$3,144$2,542$2,040$1,626$1,288$544
21 years$2,963$2,368$1,876$1,475$1,152$462
22 years$2,798$2,211$1,729$1,341$1,033$392
23 years$2,648$2,067$1,597$1,222$927$333
24 years$2,511$1,937$1,477$1,114$833$284
25 years$2,385$1,818$1,368$1,018$750$241
26 years$2,269$1,708$1,269$930$676$206
27 years$2,161$1,608$1,178$852$609$175
28 years$2,062$1,515$1,095$780$550$149
29 years$1,969$1,429$1,019$716$496$127
30 years$1,883$1,350$949$657$448$108
31 years$1,802$1,276$885$603$405$92
32 years$1,727$1,207$826$554$367$79
33 years$1,657$1,143$771$510$332$67
34 years$1,590$1,084$720$469$300$57
35 years$1,528$1,028$673$432$272$49
36 years$1,469$976$630$398$247$42
37 years$1,414$927$590$366$223$36
38 years$1,361$881$552$338$203$30
39 years$1,312$837$517$311$184$26
40 years$1,265$797$485$287$167$22
41 years$1,220$758$455$265$151$19
42 years$1,178$722$426$245$137$16
43 years$1,137$688$400$226$125$14
44 years$1,099$656$376$208$113$12
45 years$1,062$626$353$192$103$10
46 years$1,028$597$331$178$93$9
47 years$994$569$311$164$85$7
48 years$963$544$292$152$77$6
49 years$932$519$275$140$70$5
50 years$903$496$258$130$63$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $925,000, adding $3,121 every year, while hoping to spend $26,174 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: 55/20/25 Blend
53$925,000$925,000$925,000$925,000
54$1,022,569$973,544$959,207$1,071,625
55$1,099,022$993,399$963,491$1,125,543
56$1,182,397$1,013,349$967,042$1,181,244
57$1,273,370$1,033,373$969,807$1,241,366
58$1,372,689$1,053,443$971,731$1,306,341
59$1,481,176$1,073,535$972,757$1,376,646
60$1,599,736$1,093,618$972,824$1,452,810
61$1,729,364$1,113,660$971,869$1,535,412
62$1,871,158$1,133,628$969,825$1,625,093
63$2,026,325$1,153,485$966,623$1,722,559
64$2,196,195$1,173,190$962,189$1,828,589
65$2,382,231$1,192,701$956,447$1,944,042
66$2,586,047$1,211,972$949,317$2,069,864
67$2,809,419$1,230,953$940,713$2,207,101
68$3,054,301$1,249,592$930,549$2,356,903
69$3,322,849$1,267,831$918,732$2,520,540
70$3,617,434$1,285,609$905,164$2,699,413
71$3,940,671$1,302,862$889,745$2,895,066
72$4,295,436$1,319,519$872,368$3,109,201
73$4,684,901$1,335,506$852,923$3,343,697
74$5,112,559$1,350,744$831,294$3,600,622
75$5,582,256$1,365,146$807,358$3,882,261
76$6,098,231$1,378,624$780,990$4,191,129
77$6,665,153$1,391,079$752,056$4,530,002
78$7,288,166$1,402,408$720,416$4,901,942
79$7,972,936$1,412,503$685,927$5,310,320
80$8,725,705$1,421,246$648,436$5,758,858
81$9,553,352$1,428,512$607,784$6,251,658
82$10,463,455$1,434,170$563,805$6,793,241
83$11,464,361$1,438,078$516,326$7,388,593
84$12,565,269$1,440,087$465,166$8,043,212
85$13,776,313$1,440,038$410,136$8,763,157
86$15,108,660$1,437,763$351,038$9,555,111
87$16,574,611$1,433,081$287,666$10,426,438
88$18,187,723$1,425,804$219,805$11,385,261
89$19,962,931$1,415,728$147,228$12,440,530
90$21,916,692$1,402,641$69,703$13,602,115
91$24,067,140$1,386,315$0$14,880,896
92$26,434,253$1,366,510$0$16,292,343
93$29,040,049$1,342,971$0$17,866,268
94$31,908,785$1,315,428$0$19,598,706
95$35,067,192$1,283,595$0$21,505,797
96$38,544,723$1,247,169$0$23,605,328
97$42,373,834$1,205,829$0$25,916,903
98$46,590,287$1,159,236$0$28,462,125
99$51,233,489$1,107,032$0$31,264,805
100$56,346,864$1,048,835$0$34,351,180