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%13.1%
1 years$76,716$76,033$75,366$74,715$74,080$73,124
2 years$37,978$37,271$36,585$35,921$35,276$34,314
3 years$25,067$24,357$23,673$23,015$22,381$21,443
4 years$18,613$17,905$17,228$16,581$15,962$15,056
5 years$14,742$14,038$13,370$12,736$12,134$11,262
6 years$12,161$11,463$10,805$10,185$9,601$8,764
7 years$10,319$9,626$8,979$8,374$7,808$7,006
8 years$8,938$8,252$7,615$7,024$6,478$5,711
9 years$7,865$7,185$6,559$5,983$5,455$4,723
10 years$7,006$6,333$5,718$5,158$4,648$3,951
11 years$6,304$5,638$5,034$4,489$3,998$3,334
12 years$5,720$5,060$4,467$3,937$3,464$2,833
13 years$5,226$4,573$3,991$3,476$3,021$2,422
14 years$4,803$4,157$3,586$3,086$2,648$2,081
15 years$4,436$3,797$3,238$2,752$2,332$1,795
16 years$4,116$3,484$2,936$2,464$2,061$1,553
17 years$3,833$3,208$2,671$2,214$1,827$1,348
18 years$3,583$2,965$2,439$1,995$1,625$1,173
19 years$3,359$2,748$2,232$1,803$1,448$1,022
20 years$3,157$2,553$2,049$1,633$1,293$893
21 years$2,975$2,378$1,884$1,482$1,157$781
22 years$2,810$2,220$1,737$1,347$1,037$684
23 years$2,660$2,076$1,604$1,227$931$600
24 years$2,522$1,945$1,483$1,119$837$527
25 years$2,395$1,826$1,374$1,022$753$463
26 years$2,278$1,716$1,274$934$678$407
27 years$2,171$1,615$1,183$855$612$358
28 years$2,071$1,522$1,100$784$552$315
29 years$1,978$1,435$1,023$719$498$278
30 years$1,891$1,356$953$660$450$245
31 years$1,810$1,282$889$606$407$216
32 years$1,735$1,213$829$557$368$190
33 years$1,664$1,148$774$512$333$168
34 years$1,597$1,088$723$471$302$148
35 years$1,534$1,032$676$434$273$131
36 years$1,475$980$633$399$248$115
37 years$1,420$931$592$368$224$102
38 years$1,367$884$555$339$203$90
39 years$1,317$841$520$313$185$79
40 years$1,270$800$487$288$167$70
41 years$1,225$762$457$266$152$62
42 years$1,183$725$428$246$138$55
43 years$1,142$691$402$227$125$48
44 years$1,104$659$377$209$114$43
45 years$1,067$628$354$193$103$38
46 years$1,032$599$333$179$94$33
47 years$999$572$313$165$85$30
48 years$967$546$294$152$77$26
49 years$936$521$276$141$70$23
50 years$907$498$260$130$64$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $929,000, adding $2,759 every year, while hoping to spend $40,139 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: 45/26/29 Blend
53$929,000$929,000$929,000$929,000
54$1,026,604$977,367$962,967$1,064,081
55$1,088,610$982,550$952,519$1,096,226
56$1,155,595$986,642$940,376$1,127,012
57$1,228,025$989,547$926,438$1,159,640
58$1,306,412$991,163$910,602$1,194,305
59$1,391,318$991,382$892,758$1,231,222
60$1,483,361$990,088$872,794$1,270,634
61$1,583,221$987,160$850,591$1,312,809
62$1,691,647$982,468$826,023$1,358,045
63$1,809,461$975,875$798,960$1,406,674
64$1,937,568$967,235$769,267$1,459,063
65$2,076,963$956,392$736,801$1,515,623
66$2,228,742$943,184$701,412$1,576,807
67$2,394,110$927,437$662,946$1,643,119
68$2,574,394$908,966$621,240$1,715,117
69$2,771,053$887,577$576,122$1,793,422
70$2,985,695$863,062$527,417$1,878,721
71$3,220,089$835,205$474,938$1,971,777
72$3,476,180$803,773$418,491$2,073,433
73$3,756,114$768,521$357,874$2,184,626
74$4,062,251$729,191$292,875$2,306,391
75$4,397,187$685,509$223,274$2,439,878
76$4,763,786$637,185$148,840$2,586,356
77$5,165,198$583,912$69,331$2,747,233
78$5,604,892$525,368$0$2,924,066
79$6,086,690$461,210$0$3,123,380
80$6,614,799$391,075$0$3,365,486
81$7,193,854$314,584$0$3,631,101
82$7,828,960$231,331$0$3,922,647
83$8,525,738$140,890$0$4,242,793
84$9,290,382$42,813$0$4,594,489
85$10,129,712$0$0$4,980,985
86$11,051,243$0$0$5,424,004
87$12,063,252$0$0$5,924,085
88$13,174,857$0$0$6,473,500
89$14,396,101$0$0$7,077,228
90$15,738,050$0$0$7,740,754
91$17,212,896$0$0$8,470,122
92$18,834,066$0$0$9,271,989
93$20,616,358$0$0$10,153,692
94$22,576,072$0$0$11,123,310
95$24,731,168$0$0$12,189,749
96$27,101,431$0$0$13,362,818
97$29,708,664$0$0$14,653,326
98$32,576,886$0$0$16,073,182
99$35,732,561$0$0$17,635,508
100$39,204,849$0$0$19,354,761