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%15.7%
1 years$76,633$75,951$75,285$74,635$74,000$72,270
2 years$37,937$37,231$36,546$35,882$35,238$33,505
3 years$25,040$24,331$23,648$22,990$22,357$20,674
4 years$18,593$17,886$17,209$16,563$15,945$14,327
5 years$14,726$14,023$13,355$12,722$12,121$10,571
6 years$12,148$11,450$10,793$10,174$9,591$8,111
7 years$10,308$9,616$8,969$8,364$7,800$6,391
8 years$8,929$8,243$7,606$7,017$6,471$5,131
9 years$7,856$7,177$6,551$5,977$5,449$4,179
10 years$6,999$6,326$5,712$5,152$4,643$3,440
11 years$6,298$5,632$5,028$4,484$3,993$2,855
12 years$5,714$5,055$4,463$3,933$3,460$2,386
13 years$5,220$4,568$3,987$3,472$3,018$2,005
14 years$4,797$4,152$3,582$3,082$2,645$1,693
15 years$4,431$3,793$3,234$2,749$2,329$1,434
16 years$4,111$3,480$2,933$2,461$2,058$1,218
17 years$3,829$3,205$2,668$2,211$1,825$1,038
18 years$3,579$2,962$2,436$1,993$1,623$886
19 years$3,355$2,745$2,230$1,801$1,446$758
20 years$3,154$2,551$2,047$1,631$1,292$649
21 years$2,972$2,376$1,882$1,480$1,156$557
22 years$2,807$2,218$1,735$1,346$1,036$478
23 years$2,657$2,074$1,602$1,226$930$411
24 years$2,519$1,943$1,482$1,118$836$353
25 years$2,393$1,824$1,372$1,021$752$304
26 years$2,276$1,714$1,273$933$678$262
27 years$2,168$1,613$1,182$854$611$226
28 years$2,068$1,520$1,099$783$551$194
29 years$1,975$1,434$1,022$718$498$168
30 years$1,889$1,354$952$659$450$145
31 years$1,808$1,280$888$605$407$125
32 years$1,733$1,211$828$556$368$108
33 years$1,662$1,147$773$511$333$93
34 years$1,595$1,087$723$471$301$80
35 years$1,533$1,031$676$433$273$69
36 years$1,474$979$632$399$247$60
37 years$1,418$930$592$368$224$52
38 years$1,366$883$554$339$203$45
39 years$1,316$840$519$312$184$39
40 years$1,269$799$486$288$167$33
41 years$1,224$761$456$266$152$29
42 years$1,181$725$428$245$138$25
43 years$1,141$690$402$226$125$21
44 years$1,103$658$377$209$113$19
45 years$1,066$628$354$193$103$16
46 years$1,031$599$332$178$93$14
47 years$998$571$312$165$85$12
48 years$966$545$293$152$77$10
49 years$935$521$276$141$70$9
50 years$906$497$259$130$64$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $928,000, adding $6,587 every year, while hoping to spend $55,980 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: 61/33/6 Blend
53$928,000$928,000$928,000$928,000
54$1,029,450$980,266$965,882$1,090,704
55$1,074,892$968,737$938,677$1,120,908
56$1,123,093$954,767$908,684$1,146,764
57$1,174,274$938,177$875,752$1,173,540
58$1,228,680$918,777$839,719$1,201,323
59$1,286,576$896,368$800,421$1,230,213
60$1,348,254$870,737$757,681$1,260,322
61$1,414,032$841,659$711,319$1,291,774
62$1,484,259$808,896$661,145$1,324,711
63$1,559,318$772,197$606,958$1,359,291
64$1,639,628$731,294$548,551$1,395,689
65$1,725,650$685,908$485,707$1,434,106
66$1,817,888$635,739$418,200$1,474,763
67$1,916,895$580,472$345,792$1,517,908
68$2,023,279$519,776$268,236$1,563,819
69$2,137,705$453,297$185,274$1,612,808
70$2,260,907$380,664$96,637$1,665,220
71$2,393,688$301,485$2,043$1,721,443
72$2,536,931$215,345$0$1,781,909
73$2,691,606$121,805$0$1,853,431
74$2,858,779$20,402$0$1,930,766
75$3,039,621$0$0$2,014,400
76$3,235,421$0$0$2,137,468
77$3,447,593$0$0$2,278,915
78$3,677,695$0$0$2,432,378
79$3,927,439$0$0$2,599,006
80$4,198,707$0$0$2,780,063
81$4,493,570$0$0$2,976,940
82$4,814,307$0$0$3,191,169
83$5,163,425$0$0$3,424,432
84$5,543,682$0$0$3,678,582
85$5,958,112$0$0$3,955,659
86$6,410,058$0$0$4,257,907
87$6,903,194$0$0$4,587,795
88$7,441,569$0$0$4,948,042
89$8,029,637$0$0$5,341,641
90$8,672,302$0$0$5,771,889
91$9,374,964$0$0$6,242,411
92$10,143,567$0$0$6,757,203
93$10,984,657$0$0$7,320,663
94$11,905,441$0$0$7,937,634
95$12,913,856$0$0$8,613,449
96$14,018,643$0$0$9,353,983
97$15,229,426$0$0$10,165,702
98$16,556,806$0$0$11,055,731
99$18,012,460$0$0$12,031,917
100$19,609,247$0$0$13,102,902