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%11.9%
1 years$76,551$75,869$75,204$74,554$73,920$73,332
2 years$37,896$37,191$36,507$35,843$35,200$34,607
3 years$25,013$24,304$23,622$22,965$22,332$21,753
4 years$18,573$17,866$17,191$16,545$15,928$15,366
5 years$14,710$14,007$13,341$12,708$12,108$11,566
6 years$12,135$11,438$10,781$10,163$9,581$9,059
7 years$10,297$9,606$8,959$8,355$7,792$7,291
8 years$8,919$8,234$7,598$7,009$6,464$5,984
9 years$7,848$7,169$6,544$5,970$5,444$4,984
10 years$6,991$6,319$5,706$5,146$4,638$4,199
11 years$6,291$5,626$5,023$4,479$3,989$3,570
12 years$5,708$5,049$4,458$3,929$3,457$3,057
13 years$5,215$4,563$3,983$3,468$3,014$2,634
14 years$4,792$4,148$3,579$3,079$2,642$2,281
15 years$4,427$3,789$3,231$2,746$2,327$1,983
16 years$4,107$3,476$2,929$2,459$2,056$1,730
17 years$3,825$3,202$2,666$2,209$1,823$1,514
18 years$3,575$2,958$2,433$1,991$1,621$1,329
19 years$3,352$2,742$2,228$1,799$1,445$1,169
20 years$3,151$2,548$2,044$1,629$1,291$1,030
21 years$2,969$2,373$1,880$1,479$1,155$909
22 years$2,804$2,215$1,733$1,344$1,035$803
23 years$2,654$2,072$1,600$1,224$929$711
24 years$2,516$1,941$1,480$1,117$835$630
25 years$2,390$1,822$1,371$1,020$752$559
26 years$2,273$1,712$1,271$932$677$496
27 years$2,166$1,611$1,180$854$610$440
28 years$2,066$1,518$1,097$782$551$391
29 years$1,973$1,432$1,021$717$497$348
30 years$1,887$1,353$951$658$449$310
31 years$1,806$1,279$887$604$406$276
32 years$1,731$1,210$827$555$368$246
33 years$1,660$1,146$773$511$333$219
34 years$1,594$1,086$722$470$301$195
35 years$1,531$1,030$675$433$273$174
36 years$1,472$978$631$398$247$155
37 years$1,417$929$591$367$224$138
38 years$1,364$883$553$338$203$123
39 years$1,314$839$518$312$184$110
40 years$1,267$798$486$288$167$98
41 years$1,223$760$456$266$152$88
42 years$1,180$724$427$245$137$78
43 years$1,140$690$401$226$125$70
44 years$1,101$657$376$209$113$62
45 years$1,065$627$353$193$103$56
46 years$1,030$598$332$178$93$50
47 years$997$571$312$165$85$44
48 years$965$545$293$152$77$40
49 years$934$520$276$141$70$35
50 years$905$497$259$130$64$32

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $927,000, adding $5,320 every year, while hoping to spend $46,697 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: 43/32/25 Blend
53$927,000$927,000$927,000$927,000
54$1,027,042$977,911$963,542$1,063,521
55$1,082,115$976,143$946,135$1,088,275
56$1,141,240$972,724$926,581$1,110,198
57$1,204,782$967,522$904,756$1,133,033
58$1,273,139$960,401$880,536$1,156,889
59$1,346,752$951,213$853,786$1,181,892
60$1,426,101$939,803$824,369$1,208,182
61$1,511,717$926,006$792,138$1,235,917
62$1,604,179$909,648$756,942$1,265,275
63$1,704,129$890,544$718,623$1,296,455
64$1,812,267$868,498$677,014$1,329,683
65$1,929,367$843,303$631,942$1,365,209
66$2,056,277$814,739$583,227$1,403,316
67$2,193,930$782,574$530,678$1,444,320
68$2,343,353$746,562$474,097$1,488,572
69$2,505,674$706,444$413,279$1,536,468
70$2,682,137$661,943$348,008$1,588,448
71$2,874,106$612,770$278,058$1,645,004
72$3,083,086$558,616$203,194$1,706,685
73$3,310,730$499,158$123,170$1,774,101
74$3,558,859$434,051$37,730$1,847,934
75$3,829,475$362,932$0$1,928,943
76$4,124,784$285,418$0$2,032,229
77$4,447,212$201,104$0$2,156,141
78$4,799,432$109,563$0$2,291,725
79$5,184,385$10,342$0$2,440,224
80$5,605,308$0$0$2,603,010
81$6,065,766$0$0$2,815,774
82$6,569,686$0$0$3,052,717
83$7,121,391$0$0$3,312,245
84$7,725,639$0$0$3,596,612
85$8,387,673$0$0$3,908,299
86$9,113,267$0$0$4,250,041
87$9,908,777$0$0$4,624,848
88$10,781,208$0$0$5,036,036
89$11,738,270$0$0$5,487,259
90$12,788,461$0$0$5,982,538
91$13,941,137$0$0$6,526,307
92$15,206,606$0$0$7,123,447
93$16,596,223$0$0$7,779,337
94$18,122,494$0$0$8,499,900
95$19,799,199$0$0$9,291,663
96$21,641,516$0$0$10,161,816
97$23,666,168$0$0$11,118,281
98$25,891,577$0$0$12,169,784
99$28,338,038$0$0$13,325,939
100$31,027,913$0$0$14,597,340