Can I retire at age 54 with 915,000?

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 $915,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.8%
1 years$75,560$74,887$74,230$73,589$72,963$72,111
2 years$37,406$36,709$36,034$35,379$34,744$33,887
3 years$24,690$23,990$23,316$22,668$22,043$21,207
4 years$18,333$17,635$16,968$16,331$15,721$14,913
5 years$14,519$13,826$13,168$12,544$11,951$11,172
6 years$11,978$11,290$10,642$10,031$9,457$8,708
7 years$10,164$9,481$8,843$8,247$7,691$6,974
8 years$8,803$8,127$7,500$6,918$6,380$5,694
9 years$7,746$7,076$6,460$5,893$5,373$4,718
10 years$6,901$6,237$5,632$5,080$4,578$3,953
11 years$6,209$5,553$4,958$4,421$3,937$3,342
12 years$5,634$4,984$4,400$3,878$3,412$2,846
13 years$5,147$4,504$3,931$3,424$2,975$2,438
14 years$4,730$4,094$3,532$3,039$2,608$2,098
15 years$4,369$3,740$3,189$2,710$2,296$1,813
16 years$4,054$3,431$2,891$2,427$2,030$1,572
17 years$3,776$3,160$2,631$2,180$1,800$1,368
18 years$3,529$2,920$2,402$1,965$1,600$1,192
19 years$3,308$2,706$2,199$1,776$1,426$1,042
20 years$3,110$2,515$2,018$1,608$1,274$912
21 years$2,931$2,342$1,856$1,459$1,140$799
22 years$2,768$2,187$1,711$1,327$1,022$702
23 years$2,620$2,045$1,580$1,208$917$617
24 years$2,484$1,916$1,461$1,102$824$543
25 years$2,359$1,798$1,353$1,007$742$478
26 years$2,244$1,690$1,255$920$668$421
27 years$2,138$1,590$1,165$842$603$372
28 years$2,039$1,499$1,083$772$544$328
29 years$1,948$1,414$1,008$708$491$290
30 years$1,863$1,335$939$650$444$256
31 years$1,783$1,262$875$597$401$226
32 years$1,708$1,194$817$548$363$200
33 years$1,639$1,131$763$504$328$177
34 years$1,573$1,072$712$464$297$156
35 years$1,511$1,017$666$427$269$138
36 years$1,453$965$623$393$244$122
37 years$1,398$917$583$362$221$108
38 years$1,347$871$546$334$200$96
39 years$1,297$828$512$308$182$85
40 years$1,251$788$480$284$165$75
41 years$1,207$750$450$262$150$67
42 years$1,165$714$422$242$136$59
43 years$1,125$681$396$223$123$52
44 years$1,087$649$372$206$112$46
45 years$1,051$619$349$190$101$41
46 years$1,017$590$328$176$92$36
47 years$984$563$308$162$84$32
48 years$952$538$289$150$76$29
49 years$922$514$272$139$69$25
50 years$893$491$256$128$63$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $915,000, adding $2,796 every year, while hoping to spend $55,092 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: 46/42/12 Blend
53$915,000$915,000$915,000$915,000
54$1,011,214$962,719$948,537$1,054,191
55$1,055,740$951,275$921,695$1,072,790
56$1,102,962$937,423$892,108$1,087,087
57$1,153,096$920,989$859,625$1,101,368
58$1,206,378$901,784$824,089$1,115,650
59$1,263,069$879,612$785,337$1,129,958
60$1,323,452$854,263$743,196$1,144,322
61$1,387,838$825,515$697,486$1,158,781
62$1,456,568$793,136$648,022$1,173,379
63$1,530,013$756,875$594,606$1,188,174
64$1,608,584$716,471$537,035$1,203,231
65$1,692,728$671,646$475,094$1,218,629
66$1,782,936$622,107$408,560$1,234,460
67$1,879,749$567,544$337,200$1,250,833
68$1,983,758$507,628$260,770$1,267,872
69$2,095,612$442,012$179,017$1,285,723
70$2,216,025$370,331$91,675$1,304,553
71$2,345,779$292,198$0$1,324,555
72$2,485,736$207,203$0$1,346,145
73$2,636,841$114,915$0$1,381,918
74$2,800,131$14,878$0$1,420,450
75$2,976,748$0$0$1,462,105
76$3,167,946$0$0$1,550,459
77$3,375,106$0$0$1,653,725
78$3,599,742$0$0$1,765,797
79$3,843,523$0$0$1,887,517
80$4,108,283$0$0$2,019,812
81$4,396,040$0$0$2,163,705
82$4,709,012$0$0$2,320,317
83$5,049,641$0$0$2,490,886
84$5,420,614$0$0$2,676,770
85$5,824,887$0$0$2,879,466
86$6,265,715$0$0$3,100,622
87$6,746,677$0$0$3,342,050
88$7,271,717$0$0$3,605,747
89$7,845,172$0$0$3,893,909
90$8,471,819$0$0$4,208,956
91$9,156,918$0$0$4,553,550
92$9,906,257$0$0$4,930,624
93$10,726,211$0$0$5,343,407
94$11,623,801$0$0$5,795,455
95$12,606,755$0$0$6,290,682
96$13,683,587$0$0$6,833,402
97$14,863,670$0$0$7,428,362
98$16,157,329$0$0$8,080,795
99$17,575,934$0$0$8,796,459
100$19,132,010$0$0$9,581,701