Can I retire at age 54 with 928,000?

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 $928,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13%
1 years$76,633$75,951$75,285$74,635$74,000$73,075
2 years$37,937$37,231$36,546$35,882$35,238$34,308
3 years$25,040$24,331$23,648$22,990$22,357$21,449
4 years$18,593$17,886$17,209$16,563$15,945$15,068
5 years$14,726$14,023$13,355$12,722$12,121$11,277
6 years$12,148$11,450$10,793$10,174$9,591$8,780
7 years$10,308$9,616$8,969$8,364$7,800$7,023
8 years$8,929$8,243$7,606$7,017$6,471$5,728
9 years$7,856$7,177$6,551$5,977$5,449$4,740
10 years$6,999$6,326$5,712$5,152$4,643$3,967
11 years$6,298$5,632$5,028$4,484$3,993$3,350
12 years$5,714$5,055$4,463$3,933$3,460$2,849
13 years$5,220$4,568$3,987$3,472$3,018$2,437
14 years$4,797$4,152$3,582$3,082$2,645$2,095
15 years$4,431$3,793$3,234$2,749$2,329$1,808
16 years$4,111$3,480$2,933$2,461$2,058$1,566
17 years$3,829$3,205$2,668$2,211$1,825$1,360
18 years$3,579$2,962$2,436$1,993$1,623$1,184
19 years$3,355$2,745$2,230$1,801$1,446$1,033
20 years$3,154$2,551$2,047$1,631$1,292$903
21 years$2,972$2,376$1,882$1,480$1,156$790
22 years$2,807$2,218$1,735$1,346$1,036$693
23 years$2,657$2,074$1,602$1,226$930$608
24 years$2,519$1,943$1,482$1,118$836$534
25 years$2,393$1,824$1,372$1,021$752$470
26 years$2,276$1,714$1,273$933$678$413
27 years$2,168$1,613$1,182$854$611$364
28 years$2,068$1,520$1,099$783$551$321
29 years$1,975$1,434$1,022$718$498$283
30 years$1,889$1,354$952$659$450$249
31 years$1,808$1,280$888$605$407$220
32 years$1,733$1,211$828$556$368$194
33 years$1,662$1,147$773$511$333$171
34 years$1,595$1,087$723$471$301$151
35 years$1,533$1,031$676$433$273$134
36 years$1,474$979$632$399$247$118
37 years$1,418$930$592$368$224$104
38 years$1,366$883$554$339$203$92
39 years$1,316$840$519$312$184$82
40 years$1,269$799$486$288$167$72
41 years$1,224$761$456$266$152$64
42 years$1,181$725$428$245$138$56
43 years$1,141$690$402$226$125$50
44 years$1,103$658$377$209$113$44
45 years$1,066$628$354$193$103$39
46 years$1,031$599$332$178$93$34
47 years$998$571$312$165$85$31
48 years$966$545$293$152$77$27
49 years$935$521$276$141$70$24
50 years$906$497$259$130$64$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $928,000, adding $3,121 every year, while hoping to spend $24,545 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: 31/50/19 Blend
53$928,000$928,000$928,000$928,000
54$1,025,875$976,691$962,307$1,051,496
55$1,104,399$998,433$968,429$1,092,761
56$1,190,109$1,020,418$973,933$1,134,704
57$1,283,714$1,042,632$978,773$1,179,336
58$1,385,990$1,065,059$982,900$1,226,903
59$1,497,796$1,087,682$986,262$1,277,681
60$1,620,075$1,110,482$988,805$1,331,970
61$1,753,866$1,133,438$990,473$1,390,104
62$1,900,312$1,156,529$991,206$1,452,450
63$2,060,674$1,179,729$990,941$1,519,413
64$2,236,338$1,203,011$989,614$1,591,440
65$2,428,833$1,226,347$987,154$1,669,025
66$2,639,840$1,249,705$983,490$1,752,711
67$2,871,214$1,273,049$978,546$1,843,098
68$3,124,993$1,296,345$972,243$1,940,850
69$3,403,427$1,319,550$964,498$2,046,696
70$3,708,991$1,342,623$955,224$2,161,442
71$4,044,413$1,365,516$944,328$2,285,979
72$4,412,697$1,388,180$931,717$2,421,287
73$4,817,152$1,410,560$917,289$2,568,450
74$5,261,423$1,432,600$900,940$2,728,661
75$5,749,528$1,454,237$882,561$2,903,239
76$6,285,889$1,475,404$862,036$3,093,638
77$6,875,381$1,496,030$839,246$3,301,463
78$7,523,374$1,516,040$814,065$3,528,482
79$8,235,784$1,535,351$786,362$3,776,649
80$9,019,127$1,553,877$755,998$4,048,117
81$9,880,585$1,571,524$722,832$4,345,264
82$10,828,070$1,588,193$686,711$4,670,709
83$11,870,297$1,603,779$647,480$5,027,344
84$13,016,871$1,618,168$604,975$5,418,360
85$14,278,374$1,631,240$559,023$5,847,274
86$15,666,464$1,642,866$509,446$6,317,966
87$17,193,987$1,652,911$456,057$6,834,718
88$18,875,099$1,661,229$398,659$7,402,249
89$20,725,394$1,667,664$337,050$8,025,768
90$22,762,059$1,672,054$271,015$8,711,016
91$25,004,027$1,674,223$200,333$9,464,328
92$27,472,164$1,673,986$124,770$10,292,687
93$30,189,459$1,671,146$44,084$11,203,798
94$33,181,244$1,665,493$0$12,206,154
95$36,475,435$1,656,805$0$13,317,644
96$40,102,788$1,644,848$0$14,550,168
97$44,097,198$1,629,371$0$15,906,227
98$48,496,011$1,610,109$0$17,398,442
99$53,340,382$1,586,781$0$19,040,722
100$58,675,658$1,559,091$0$20,848,405