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%11.7%
1 years$76,386$75,705$75,041$74,393$73,761$73,235
2 years$37,815$37,110$36,428$35,766$35,124$34,594
3 years$24,959$24,252$23,571$22,916$22,284$21,766
4 years$18,533$17,828$17,154$16,509$15,893$15,391
5 years$14,678$13,977$13,312$12,681$12,082$11,597
6 years$12,109$11,413$10,758$10,141$9,560$9,093
7 years$10,275$9,585$8,940$8,337$7,775$7,326
8 years$8,900$8,216$7,582$6,994$6,450$6,020
9 years$7,831$7,154$6,530$5,957$5,432$5,020
10 years$6,976$6,306$5,693$5,135$4,628$4,234
11 years$6,277$5,613$5,012$4,469$3,980$3,604
12 years$5,695$5,038$4,448$3,920$3,449$3,090
13 years$5,203$4,553$3,974$3,461$3,008$2,666
14 years$4,782$4,139$3,571$3,072$2,637$2,311
15 years$4,417$3,781$3,224$2,740$2,322$2,012
16 years$4,098$3,469$2,923$2,453$2,052$1,758
17 years$3,817$3,195$2,660$2,204$1,819$1,541
18 years$3,567$2,952$2,428$1,986$1,618$1,354
19 years$3,344$2,736$2,223$1,795$1,442$1,193
20 years$3,144$2,542$2,040$1,626$1,288$1,052
21 years$2,963$2,368$1,876$1,475$1,152$930
22 years$2,798$2,211$1,729$1,341$1,033$823
23 years$2,648$2,067$1,597$1,222$927$730
24 years$2,511$1,937$1,477$1,114$833$648
25 years$2,385$1,818$1,368$1,018$750$575
26 years$2,269$1,708$1,269$930$676$511
27 years$2,161$1,608$1,178$852$609$455
28 years$2,062$1,515$1,095$780$550$405
29 years$1,969$1,429$1,019$716$496$361
30 years$1,883$1,350$949$657$448$322
31 years$1,802$1,276$885$603$405$287
32 years$1,727$1,207$826$554$367$256
33 years$1,657$1,143$771$510$332$228
34 years$1,590$1,084$720$469$300$204
35 years$1,528$1,028$673$432$272$182
36 years$1,469$976$630$398$247$163
37 years$1,414$927$590$366$223$145
38 years$1,361$881$552$338$203$130
39 years$1,312$837$517$311$184$116
40 years$1,265$797$485$287$167$104
41 years$1,220$758$455$265$151$93
42 years$1,178$722$426$245$137$83
43 years$1,137$688$400$226$125$74
44 years$1,099$656$376$208$113$66
45 years$1,062$626$353$192$103$59
46 years$1,028$597$331$178$93$53
47 years$994$569$311$164$85$48
48 years$963$544$292$152$77$43
49 years$932$519$275$140$70$38
50 years$903$496$258$130$63$34

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $925,000, adding $2,153 every year, while hoping to spend $34,777 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: 30/46/24 Blend
53$925,000$925,000$925,000$925,000
54$1,021,571$972,546$958,208$1,044,562
55$1,088,769$983,198$953,306$1,073,101
56$1,161,655$993,207$947,074$1,100,552
57$1,240,773$1,002,504$939,430$1,129,373
58$1,326,722$1,011,016$930,291$1,159,704
59$1,420,158$1,018,666$919,566$1,191,703
60$1,521,805$1,025,371$907,162$1,225,547
61$1,632,458$1,031,044$892,981$1,261,433
62$1,752,995$1,035,591$876,922$1,299,579
63$1,884,378$1,038,912$858,876$1,340,229
64$2,027,668$1,040,903$838,732$1,383,656
65$2,184,033$1,041,450$816,373$1,430,163
66$2,354,758$1,040,434$791,675$1,480,085
67$2,541,257$1,037,729$764,510$1,533,799
68$2,745,088$1,033,201$734,744$1,591,721
69$2,967,965$1,026,706$702,236$1,654,314
70$3,211,777$1,018,094$666,840$1,722,092
71$3,478,601$1,007,204$628,402$1,795,629
72$3,770,727$993,866$586,763$1,875,558
73$4,090,675$977,899$541,753$1,962,585
74$4,441,221$959,113$493,199$2,057,492
75$4,825,421$937,305$440,916$2,161,146
76$5,246,643$912,261$384,716$2,274,510
77$5,708,593$883,755$324,396$2,398,650
78$6,215,357$851,546$259,750$2,534,750
79$6,771,431$815,380$190,560$2,684,120
80$7,381,772$774,988$116,599$2,848,213
81$8,051,836$730,086$37,628$3,028,636
82$8,787,636$680,373$0$3,227,172
83$9,595,795$625,532$0$3,457,737
84$10,483,609$565,225$0$3,721,629
85$11,459,115$499,099$0$4,011,687
86$12,531,166$426,777$0$4,330,656
87$13,709,519$347,862$0$4,681,571
88$15,004,918$261,936$0$5,067,780
89$16,429,205$168,556$0$5,492,983
90$17,995,424$67,255$0$5,961,268
91$19,717,946$0$0$6,477,146
92$21,612,605$0$0$7,067,094
93$23,696,847$0$0$7,753,687
94$25,989,894$0$0$8,509,233
95$28,512,925$0$0$9,340,731
96$31,289,276$0$0$10,255,895
97$34,344,657$0$0$11,263,221
98$37,707,398$0$0$12,372,073
99$41,408,717$0$0$13,592,769
100$45,483,008$0$0$14,936,675