Can I retire at age 54 with 927,000?

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 $927,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.3%
1 years$76,551$75,869$75,204$74,554$73,920$71,156
2 years$37,896$37,191$36,507$35,843$35,200$32,447
3 years$25,013$24,304$23,622$22,965$22,332$19,677
4 years$18,573$17,866$17,191$16,545$15,928$13,390
5 years$14,710$14,007$13,341$12,708$12,108$9,695
6 years$12,135$11,438$10,781$10,163$9,581$7,293
7 years$10,297$9,606$8,959$8,355$7,792$5,630
8 years$8,919$8,234$7,598$7,009$6,464$4,425
9 years$7,848$7,169$6,544$5,970$5,444$3,526
10 years$6,991$6,319$5,706$5,146$4,638$2,837
11 years$6,291$5,626$5,023$4,479$3,989$2,302
12 years$5,708$5,049$4,458$3,929$3,457$1,878
13 years$5,215$4,563$3,983$3,468$3,014$1,540
14 years$4,792$4,148$3,579$3,079$2,642$1,268
15 years$4,427$3,789$3,231$2,746$2,327$1,047
16 years$4,107$3,476$2,929$2,459$2,056$867
17 years$3,825$3,202$2,666$2,209$1,823$720
18 years$3,575$2,958$2,433$1,991$1,621$598
19 years$3,352$2,742$2,228$1,799$1,445$498
20 years$3,151$2,548$2,044$1,629$1,291$415
21 years$2,969$2,373$1,880$1,479$1,155$346
22 years$2,804$2,215$1,733$1,344$1,035$289
23 years$2,654$2,072$1,600$1,224$929$241
24 years$2,516$1,941$1,480$1,117$835$202
25 years$2,390$1,822$1,371$1,020$752$169
26 years$2,273$1,712$1,271$932$677$141
27 years$2,166$1,611$1,180$854$610$118
28 years$2,066$1,518$1,097$782$551$99
29 years$1,973$1,432$1,021$717$497$83
30 years$1,887$1,353$951$658$449$69
31 years$1,806$1,279$887$604$406$58
32 years$1,731$1,210$827$555$368$49
33 years$1,660$1,146$773$511$333$41
34 years$1,594$1,086$722$470$301$34
35 years$1,531$1,030$675$433$273$29
36 years$1,472$978$631$398$247$24
37 years$1,417$929$591$367$224$20
38 years$1,364$883$553$338$203$17
39 years$1,314$839$518$312$184$14
40 years$1,267$798$486$288$167$12
41 years$1,223$760$456$266$152$10
42 years$1,180$724$427$245$137$8
43 years$1,140$690$401$226$125$7
44 years$1,101$657$376$209$113$6
45 years$1,065$627$353$193$103$5
46 years$1,030$598$332$178$93$4
47 years$997$571$312$165$85$3
48 years$965$545$293$152$77$3
49 years$934$520$276$141$70$2
50 years$905$497$259$130$64$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $927,000, adding $6,800 every year, while hoping to spend $42,164 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: 78/12/10 Blend
53$927,000$927,000$927,000$927,000
54$1,028,568$979,437$965,069$1,106,525
55$1,088,620$982,567$952,536$1,161,848
56$1,153,384$984,438$938,171$1,216,392
57$1,223,296$984,942$921,867$1,274,994
58$1,298,836$983,968$903,513$1,338,039
59$1,380,529$981,395$882,993$1,405,953
60$1,468,956$977,096$860,186$1,479,204
61$1,564,752$970,936$834,964$1,558,311
62$1,668,617$962,772$807,196$1,643,843
63$1,781,320$952,452$776,741$1,736,428
64$1,903,708$939,816$743,456$1,836,758
65$2,036,712$924,692$707,187$1,945,596
66$2,181,355$906,900$667,776$2,063,783
67$2,338,763$886,249$625,057$2,192,247
68$2,510,177$862,535$578,856$2,332,010
69$2,696,961$835,545$528,993$2,484,198
70$2,900,614$805,050$475,278$2,650,055
71$3,122,790$770,811$417,513$2,830,948
72$3,365,307$732,573$355,492$3,028,389
73$3,630,167$690,067$288,999$3,244,041
74$3,919,572$643,009$217,809$3,479,741
75$4,235,950$591,098$141,687$3,737,511
76$4,581,970$534,015$60,387$4,019,581
77$4,960,574$471,424$0$4,328,411
78$5,374,999$402,971$0$4,669,527
79$5,828,812$328,280$0$5,050,163
80$6,325,939$246,954$0$5,467,193
81$6,870,705$158,574$0$5,924,282
82$7,467,872$62,699$0$6,425,467
83$8,122,685$0$0$6,975,200
84$8,840,921$0$0$7,583,814
85$9,628,943$0$0$8,260,679
86$10,493,761$0$0$9,003,538
87$11,443,093$0$0$9,819,028
88$12,485,446$0$0$10,714,457
89$13,630,185$0$0$11,697,877
90$14,887,632$0$0$12,778,158
91$16,269,154$0$0$13,965,071
92$17,787,275$0$0$15,269,382
93$19,455,793$0$0$16,702,947
94$21,289,907$0$0$18,278,834
95$23,306,364$0$0$20,011,434
96$25,523,614$0$0$21,916,607
97$27,961,983$0$0$24,011,824
98$30,643,867$0$0$26,316,334
99$33,593,941$0$0$28,851,346
100$36,839,390$0$0$31,640,228