Can I retire at age 54 with 929,000?

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 $929,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12%
1 years$76,716$76,033$75,366$74,715$74,080$73,459
2 years$37,978$37,271$36,585$35,921$35,276$34,651
3 years$25,067$24,357$23,673$23,015$22,381$21,770
4 years$18,613$17,905$17,228$16,581$15,962$15,370
5 years$14,742$14,038$13,370$12,736$12,134$11,563
6 years$12,161$11,463$10,805$10,185$9,601$9,052
7 years$10,319$9,626$8,979$8,374$7,808$7,281
8 years$8,938$8,252$7,615$7,024$6,478$5,972
9 years$7,865$7,185$6,559$5,983$5,455$4,972
10 years$7,006$6,333$5,718$5,158$4,648$4,186
11 years$6,304$5,638$5,034$4,489$3,998$3,557
12 years$5,720$5,060$4,467$3,937$3,464$3,044
13 years$5,226$4,573$3,991$3,476$3,021$2,621
14 years$4,803$4,157$3,586$3,086$2,648$2,268
15 years$4,436$3,797$3,238$2,752$2,332$1,970
16 years$4,116$3,484$2,936$2,464$2,061$1,718
17 years$3,833$3,208$2,671$2,214$1,827$1,503
18 years$3,583$2,965$2,439$1,995$1,625$1,318
19 years$3,359$2,748$2,232$1,803$1,448$1,158
20 years$3,157$2,553$2,049$1,633$1,293$1,020
21 years$2,975$2,378$1,884$1,482$1,157$899
22 years$2,810$2,220$1,737$1,347$1,037$794
23 years$2,660$2,076$1,604$1,227$931$702
24 years$2,522$1,945$1,483$1,119$837$622
25 years$2,395$1,826$1,374$1,022$753$551
26 years$2,278$1,716$1,274$934$678$489
27 years$2,171$1,615$1,183$855$612$434
28 years$2,071$1,522$1,100$784$552$385
29 years$1,978$1,435$1,023$719$498$342
30 years$1,891$1,356$953$660$450$304
31 years$1,810$1,282$889$606$407$271
32 years$1,735$1,213$829$557$368$241
33 years$1,664$1,148$774$512$333$215
34 years$1,597$1,088$723$471$302$191
35 years$1,534$1,032$676$434$273$170
36 years$1,475$980$633$399$248$152
37 years$1,420$931$592$368$224$135
38 years$1,367$884$555$339$203$120
39 years$1,317$841$520$313$185$107
40 years$1,270$800$487$288$167$96
41 years$1,225$762$457$266$152$85
42 years$1,183$725$428$246$138$76
43 years$1,142$691$402$227$125$68
44 years$1,104$659$377$209$114$61
45 years$1,067$628$354$193$103$54
46 years$1,032$599$333$179$94$48
47 years$999$572$313$165$85$43
48 years$967$546$294$152$77$38
49 years$936$521$276$141$70$34
50 years$907$498$260$130$64$31

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $929,000, adding $4,002 every year, while hoping to spend $28,103 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: 78/6/16 Blend
53$929,000$929,000$929,000$929,000
54$1,027,886$978,649$964,250$1,104,212
55$1,102,829$996,701$966,651$1,173,153
56$1,184,474$1,014,697$968,190$1,244,802
57$1,273,476$1,032,602$968,810$1,322,619
58$1,370,553$1,050,382$968,448$1,407,210
59$1,476,499$1,068,000$967,040$1,499,243
60$1,592,185$1,085,415$964,519$1,599,455
61$1,718,571$1,102,584$960,813$1,708,656
62$1,856,714$1,119,459$955,849$1,827,739
63$2,007,777$1,135,991$949,548$1,957,688
64$2,173,041$1,152,125$941,829$2,099,588
65$2,353,918$1,167,806$932,607$2,254,633
66$2,551,959$1,182,970$921,790$2,424,140
67$2,768,875$1,197,552$909,287$2,609,560
68$3,006,551$1,211,482$894,999$2,812,490
69$3,267,059$1,224,685$878,822$3,034,693
70$3,552,686$1,237,082$860,649$3,278,109
71$3,865,947$1,248,585$840,367$3,544,877
72$4,209,613$1,259,106$817,859$3,837,355
73$4,586,737$1,268,546$793,001$4,158,140
74$5,000,682$1,276,802$765,665$4,510,095
75$5,455,152$1,283,765$735,714$4,896,373
76$5,954,226$1,289,318$703,009$5,320,453
77$6,502,399$1,293,337$667,402$5,786,164
78$7,104,622$1,295,689$628,738$6,297,729
79$7,766,350$1,296,234$586,857$6,859,801
80$8,493,591$1,294,823$541,590$7,477,509
81$9,292,965$1,291,297$492,762$8,156,503
82$10,171,766$1,285,490$440,188$8,903,011
83$11,138,029$1,277,221$383,677$9,723,898
84$12,200,606$1,266,303$323,028$10,626,728
85$13,369,251$1,252,535$258,033$11,619,837
86$14,654,709$1,235,703$188,471$12,712,414
87$16,068,820$1,215,584$114,116$13,914,582
88$17,624,630$1,191,937$34,729$15,237,501
89$19,336,511$1,164,511$0$16,693,469
90$21,220,300$1,133,037$0$18,304,573
91$23,293,447$1,097,232$0$20,084,098
92$25,575,178$1,056,796$0$22,042,615
93$28,086,679$1,011,412$0$24,198,313
94$30,851,292$960,742$0$26,571,238
95$33,894,738$904,433$0$29,183,473
96$37,245,359$842,108$0$32,059,358
97$40,934,384$773,370$0$35,225,709
98$44,996,224$697,798$0$38,712,080
99$49,468,798$614,949$0$42,551,034
100$54,393,888$524,354$0$46,778,457