Can I retire at age 54 with 927,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%19.4%
1 years$76,551$75,869$75,204$74,554$73,920$71,128
2 years$37,896$37,191$36,507$35,843$35,200$32,419
3 years$25,013$24,304$23,622$22,965$22,332$19,651
4 years$18,573$17,866$17,191$16,545$15,928$13,365
5 years$14,710$14,007$13,341$12,708$12,108$9,672
6 years$12,135$11,438$10,781$10,163$9,581$7,272
7 years$10,297$9,606$8,959$8,355$7,792$5,610
8 years$8,919$8,234$7,598$7,009$6,464$4,407
9 years$7,848$7,169$6,544$5,970$5,444$3,509
10 years$6,991$6,319$5,706$5,146$4,638$2,822
11 years$6,291$5,626$5,023$4,479$3,989$2,288
12 years$5,708$5,049$4,458$3,929$3,457$1,866
13 years$5,215$4,563$3,983$3,468$3,014$1,529
14 years$4,792$4,148$3,579$3,079$2,642$1,258
15 years$4,427$3,789$3,231$2,746$2,327$1,038
16 years$4,107$3,476$2,929$2,459$2,056$859
17 years$3,825$3,202$2,666$2,209$1,823$712
18 years$3,575$2,958$2,433$1,991$1,621$592
19 years$3,352$2,742$2,228$1,799$1,445$492
20 years$3,151$2,548$2,044$1,629$1,291$410
21 years$2,969$2,373$1,880$1,479$1,155$341
22 years$2,804$2,215$1,733$1,344$1,035$285
23 years$2,654$2,072$1,600$1,224$929$238
24 years$2,516$1,941$1,480$1,117$835$199
25 years$2,390$1,822$1,371$1,020$752$166
26 years$2,273$1,712$1,271$932$677$139
27 years$2,166$1,611$1,180$854$610$116
28 years$2,066$1,518$1,097$782$551$97
29 years$1,973$1,432$1,021$717$497$81
30 years$1,887$1,353$951$658$449$68
31 years$1,806$1,279$887$604$406$57
32 years$1,731$1,210$827$555$368$48
33 years$1,660$1,146$773$511$333$40
34 years$1,594$1,086$722$470$301$33
35 years$1,531$1,030$675$433$273$28
36 years$1,472$978$631$398$247$23
37 years$1,417$929$591$367$224$20
38 years$1,364$883$553$338$203$16
39 years$1,314$839$518$312$184$14
40 years$1,267$798$486$288$167$11
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 $3,738 every year, while hoping to spend $55,284 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: 75/9/16 Blend
53$927,000$927,000$927,000$927,000
54$1,025,410$976,279$961,910$1,098,400
55$1,071,180$965,295$935,312$1,136,201
56$1,119,766$951,919$905,971$1,170,403
57$1,171,396$935,978$873,735$1,206,404
58$1,226,321$917,283$838,448$1,244,370
59$1,284,815$895,639$799,945$1,284,480
60$1,347,177$870,837$758,054$1,326,935
61$1,413,737$842,656$712,597$1,371,956
62$1,484,854$810,862$663,385$1,419,788
63$1,560,923$775,208$610,222$1,470,700
64$1,642,376$735,432$552,904$1,524,993
65$1,729,688$691,258$491,216$1,582,996
66$1,823,380$642,393$424,935$1,645,077
67$1,924,021$588,527$353,827$1,711,638
68$2,032,240$529,333$277,649$1,783,127
69$2,148,724$464,466$196,145$1,860,039
70$2,274,229$393,560$109,051$1,942,919
71$2,409,585$316,229$16,089$2,032,373
72$2,555,704$232,066$0$2,129,067
73$2,713,588$140,639$0$2,247,928
74$2,884,338$41,495$0$2,379,437
75$3,069,165$0$0$2,521,797
76$3,269,398$0$0$2,682,583
77$3,486,501$0$0$2,861,402
78$3,722,083$0$0$3,055,474
79$3,977,913$0$0$3,266,262
80$4,255,937$0$0$3,495,372
81$4,558,297$0$0$3,744,574
82$4,887,347$0$0$4,015,814
83$5,245,679$0$0$4,311,233
84$5,636,146$0$0$4,633,188
85$6,061,886$0$0$4,984,272
86$6,526,353$0$0$5,367,338
87$7,033,349$0$0$5,785,530
88$7,587,061$0$0$6,242,306
89$8,192,095$0$0$6,741,471
90$8,853,523$0$0$7,287,219
91$9,576,931$0$0$7,884,164
92$10,368,468$0$0$8,537,388
93$11,234,904$0$0$9,252,484
94$12,183,696$0$0$10,035,616
95$13,223,053$0$0$10,893,567
96$14,362,019$0$0$11,833,811
97$15,610,550$0$0$12,864,575
98$16,979,616$0$0$13,994,925
99$18,481,295$0$0$15,234,843
100$20,128,893$0$0$16,595,324