Can I retire at age 54 with 926,000?

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 $926,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.4%
1 years$76,468$75,787$75,123$74,474$73,841$73,406
2 years$37,856$37,151$36,467$35,805$35,162$34,724
3 years$24,986$24,278$23,597$22,940$22,308$21,880
4 years$18,553$17,847$17,172$16,527$15,910$15,495
5 years$14,694$13,992$13,326$12,695$12,095$11,693
6 years$12,122$11,426$10,770$10,152$9,570$9,184
7 years$10,286$9,595$8,950$8,346$7,783$7,411
8 years$8,909$8,225$7,590$7,002$6,457$6,100
9 years$7,839$7,161$6,537$5,964$5,438$5,096
10 years$6,984$6,312$5,699$5,141$4,633$4,306
11 years$6,284$5,620$5,018$4,474$3,985$3,672
12 years$5,701$5,044$4,453$3,924$3,453$3,155
13 years$5,209$4,558$3,978$3,465$3,011$2,727
14 years$4,787$4,143$3,575$3,076$2,640$2,369
15 years$4,422$3,785$3,227$2,743$2,324$2,066
16 years$4,103$3,473$2,926$2,456$2,054$1,809
17 years$3,821$3,198$2,663$2,207$1,821$1,589
18 years$3,571$2,955$2,431$1,989$1,619$1,399
19 years$3,348$2,739$2,225$1,797$1,443$1,235
20 years$3,147$2,545$2,042$1,627$1,289$1,092
21 years$2,966$2,371$1,878$1,477$1,154$967
22 years$2,801$2,213$1,731$1,343$1,034$858
23 years$2,651$2,070$1,598$1,223$928$762
24 years$2,514$1,939$1,478$1,115$834$678
25 years$2,387$1,820$1,369$1,019$751$604
26 years$2,271$1,710$1,270$931$676$538
27 years$2,164$1,610$1,179$853$610$480
28 years$2,064$1,517$1,096$781$550$428
29 years$1,971$1,431$1,020$716$497$382
30 years$1,885$1,351$950$657$449$342
31 years$1,804$1,277$886$604$406$305
32 years$1,729$1,209$827$555$367$273
33 years$1,658$1,145$772$510$332$244
34 years$1,592$1,085$721$469$301$219
35 years$1,530$1,029$674$432$272$196
36 years$1,471$977$631$398$247$175
37 years$1,415$928$590$367$224$157
38 years$1,363$882$553$338$203$141
39 years$1,313$838$518$312$184$126
40 years$1,266$798$485$287$167$113
41 years$1,221$759$455$265$151$101
42 years$1,179$723$427$245$137$91
43 years$1,139$689$401$226$125$81
44 years$1,100$657$376$209$113$73
45 years$1,064$626$353$193$103$65
46 years$1,029$597$332$178$93$59
47 years$995$570$312$164$85$53
48 years$964$544$293$152$77$47
49 years$933$520$275$140$70$42
50 years$904$496$259$130$63$38

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $926,000, adding $4,330 every year, while hoping to spend $48,652 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: 53/19/28 Blend
53$926,000$926,000$926,000$926,000
54$1,024,918$975,840$961,487$1,071,019
55$1,077,695$971,891$941,932$1,099,488
56$1,134,224$966,118$920,091$1,125,152
57$1,194,836$958,380$895,836$1,152,115
58$1,259,897$948,528$869,033$1,180,520
59$1,329,804$936,403$839,543$1,210,530
60$1,404,995$921,838$807,220$1,242,324
61$1,485,952$904,656$771,909$1,276,103
62$1,573,203$884,667$733,451$1,312,093
63$1,667,327$861,673$691,679$1,350,544
64$1,768,962$835,463$646,418$1,391,735
65$1,878,808$805,812$597,485$1,435,978
66$1,997,634$772,485$544,689$1,483,622
67$2,126,288$735,232$487,831$1,535,051
68$2,265,698$693,787$426,702$1,590,698
69$2,416,888$647,871$361,085$1,651,039
70$2,580,982$597,189$290,753$1,716,609
71$2,759,217$541,426$215,468$1,787,998
72$2,952,954$480,252$134,983$1,865,863
73$3,163,690$413,319$49,039$1,950,935
74$3,393,070$340,256$0$2,044,024
75$3,642,908$260,673$0$2,158,780
76$3,915,198$174,159$0$2,299,914
77$4,212,133$80,278$0$2,453,953
78$4,536,130$0$0$2,622,216
79$4,889,847$0$0$2,810,640
80$5,276,211$0$0$3,034,871
81$5,698,442$0$0$3,280,008
82$6,160,090$0$0$3,548,118
83$6,665,058$0$0$3,841,483
84$7,217,647$0$0$4,162,612
85$7,822,592$0$0$4,514,269
86$8,485,107$0$0$4,899,498
87$9,210,933$0$0$5,321,650
88$10,006,395$0$0$5,784,417
89$10,878,456$0$0$6,291,866
90$11,834,787$0$0$6,848,474
91$12,883,835$0$0$7,459,173
92$14,034,906$0$0$8,129,396
93$15,298,250$0$0$8,865,128
94$16,685,155$0$0$9,672,960
95$18,208,060$0$0$10,560,154
96$19,880,662$0$0$11,534,709
97$21,718,055$0$0$12,605,437
98$23,736,862$0$0$13,782,047
99$25,955,401$0$0$15,075,233
100$28,393,848$0$0$16,496,778