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%11.5%
1 years$76,468$75,787$75,123$74,474$73,841$73,375
2 years$37,856$37,151$36,467$35,805$35,162$34,693
3 years$24,986$24,278$23,597$22,940$22,308$21,849
4 years$18,553$17,847$17,172$16,527$15,910$15,466
5 years$14,694$13,992$13,326$12,695$12,095$11,665
6 years$12,122$11,426$10,770$10,152$9,570$9,157
7 years$10,286$9,595$8,950$8,346$7,783$7,386
8 years$8,909$8,225$7,590$7,002$6,457$6,075
9 years$7,839$7,161$6,537$5,964$5,438$5,072
10 years$6,984$6,312$5,699$5,141$4,633$4,283
11 years$6,284$5,620$5,018$4,474$3,985$3,651
12 years$5,701$5,044$4,453$3,924$3,453$3,134
13 years$5,209$4,558$3,978$3,465$3,011$2,707
14 years$4,787$4,143$3,575$3,076$2,640$2,350
15 years$4,422$3,785$3,227$2,743$2,324$2,049
16 years$4,103$3,473$2,926$2,456$2,054$1,793
17 years$3,821$3,198$2,663$2,207$1,821$1,573
18 years$3,571$2,955$2,431$1,989$1,619$1,384
19 years$3,348$2,739$2,225$1,797$1,443$1,221
20 years$3,147$2,545$2,042$1,627$1,289$1,079
21 years$2,966$2,371$1,878$1,477$1,154$955
22 years$2,801$2,213$1,731$1,343$1,034$847
23 years$2,651$2,070$1,598$1,223$928$752
24 years$2,514$1,939$1,478$1,115$834$668
25 years$2,387$1,820$1,369$1,019$751$594
26 years$2,271$1,710$1,270$931$676$529
27 years$2,164$1,610$1,179$853$610$471
28 years$2,064$1,517$1,096$781$550$420
29 years$1,971$1,431$1,020$716$497$375
30 years$1,885$1,351$950$657$449$335
31 years$1,804$1,277$886$604$406$299
32 years$1,729$1,209$827$555$367$267
33 years$1,658$1,145$772$510$332$239
34 years$1,592$1,085$721$469$301$214
35 years$1,530$1,029$674$432$272$191
36 years$1,471$977$631$398$247$171
37 years$1,415$928$590$367$224$153
38 years$1,363$882$553$338$203$137
39 years$1,313$838$518$312$184$123
40 years$1,266$798$485$287$167$110
41 years$1,221$759$455$265$151$98
42 years$1,179$723$427$245$137$88
43 years$1,139$689$401$226$125$79
44 years$1,100$657$376$209$113$71
45 years$1,064$626$353$193$103$63
46 years$1,029$597$332$178$93$57
47 years$995$570$312$164$85$51
48 years$964$544$293$152$77$46
49 years$933$520$275$140$70$41
50 years$904$496$259$130$63$37

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $926,000, adding $3,811 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: 62/16/22 Blend
53$926,000$926,000$926,000$926,000
54$1,024,383$975,305$960,952$1,081,778
55$1,077,730$971,955$942,004$1,117,677
56$1,134,908$966,830$920,811$1,151,191
57$1,196,257$959,793$897,246$1,186,697
58$1,262,149$950,696$871,177$1,224,398
59$1,332,993$939,386$842,467$1,264,515
60$1,409,241$925,698$810,972$1,307,295
61$1,491,384$909,459$776,541$1,353,012
62$1,579,966$890,483$739,015$1,401,969
63$1,675,582$868,575$698,231$1,454,505
64$1,778,886$843,530$654,017$1,510,992
65$1,890,597$815,128$606,191$1,571,843
66$2,011,507$783,138$554,567$1,637,519
67$2,142,483$747,314$498,948$1,708,526
68$2,284,481$707,398$439,128$1,785,427
69$2,438,553$663,115$374,893$1,868,847
70$2,605,853$614,175$306,020$1,959,474
71$2,787,653$560,272$232,274$2,058,074
72$2,985,350$501,082$153,412$2,165,490
73$3,200,483$436,263$69,178$2,282,661
74$3,434,744$365,452$0$2,410,619
75$3,689,996$288,267$0$2,555,375
76$3,968,289$204,305$0$2,730,977
77$4,271,877$113,139$0$2,922,639
78$4,603,245$14,319$0$3,131,982
79$4,965,124$0$0$3,360,793
80$5,360,524$0$0$3,627,351
81$5,792,758$0$0$3,921,562
82$6,265,470$0$0$4,243,395
83$6,782,678$0$0$4,595,594
84$7,348,803$0$0$4,981,176
85$7,968,712$0$0$5,403,469
86$8,647,767$0$0$5,866,133
87$9,391,873$0$0$6,373,201
88$10,207,531$0$0$6,929,115
89$11,101,904$0$0$7,538,766
90$12,082,879$0$0$8,207,543
91$13,159,144$0$0$8,941,379
92$14,340,267$0$0$9,746,811
93$15,636,790$0$0$10,631,040
94$17,060,324$0$0$11,601,997
95$18,623,659$0$0$12,668,420
96$20,340,884$0$0$13,839,932
97$22,227,520$0$0$15,127,138
98$24,300,668$0$0$16,541,718
99$26,579,163$0$0$18,096,541
100$29,083,760$0$0$19,805,784