Can I retire at age 54 with 922,000?

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 $922,000?

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$76,138$75,460$74,798$74,152$73,522$72,663
2 years$37,692$36,990$36,310$35,650$35,010$34,146
3 years$24,878$24,173$23,495$22,841$22,212$21,369
4 years$18,473$17,770$17,098$16,456$15,842$15,027
5 years$14,631$13,932$13,269$12,640$12,043$11,258
6 years$12,070$11,376$10,723$10,108$9,529$8,775
7 years$10,241$9,554$8,911$8,310$7,750$7,027
8 years$8,871$8,189$7,557$6,971$6,429$5,738
9 years$7,805$7,130$6,509$5,938$5,414$4,754
10 years$6,953$6,285$5,675$5,119$4,613$3,983
11 years$6,257$5,595$4,996$4,455$3,967$3,368
12 years$5,677$5,022$4,434$3,907$3,438$2,868
13 years$5,186$4,538$3,961$3,450$2,998$2,456
14 years$4,766$4,125$3,559$3,062$2,628$2,114
15 years$4,403$3,769$3,214$2,731$2,314$1,827
16 years$4,085$3,458$2,914$2,445$2,045$1,585
17 years$3,805$3,184$2,651$2,197$1,813$1,378
18 years$3,556$2,942$2,420$1,980$1,612$1,202
19 years$3,333$2,727$2,216$1,789$1,437$1,050
20 years$3,134$2,534$2,033$1,620$1,284$919
21 years$2,953$2,360$1,870$1,471$1,149$806
22 years$2,789$2,203$1,724$1,337$1,030$707
23 years$2,640$2,061$1,592$1,218$924$622
24 years$2,503$1,931$1,472$1,111$831$547
25 years$2,377$1,812$1,363$1,014$748$482
26 years$2,261$1,703$1,264$927$673$424
27 years$2,154$1,603$1,174$849$607$374
28 years$2,055$1,510$1,091$778$548$330
29 years$1,963$1,425$1,016$713$495$292
30 years$1,877$1,345$946$655$447$258
31 years$1,797$1,272$882$601$404$228
32 years$1,722$1,203$823$552$366$201
33 years$1,651$1,140$768$508$331$178
34 years$1,585$1,080$718$467$300$158
35 years$1,523$1,025$671$430$271$139
36 years$1,464$972$628$396$246$123
37 years$1,409$924$588$365$223$109
38 years$1,357$878$550$337$202$97
39 years$1,307$835$516$310$183$86
40 years$1,261$794$483$286$166$76
41 years$1,216$756$453$264$151$67
42 years$1,174$720$425$244$137$59
43 years$1,134$686$399$225$124$53
44 years$1,095$654$374$208$113$47
45 years$1,059$623$352$192$102$41
46 years$1,024$595$330$177$93$37
47 years$991$568$310$164$84$32
48 years$959$542$292$151$77$29
49 years$929$517$274$140$70$26
50 years$900$494$258$129$63$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $922,000, adding $2,708 every year, while hoping to spend $52,882 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: 77/9/14 Blend
53$922,000$922,000$922,000$922,000
54$1,018,837$969,971$955,680$1,094,132
55$1,066,493$961,234$931,430$1,135,411
56$1,117,237$950,296$904,594$1,173,709
57$1,171,328$936,994$875,031$1,214,235
58$1,229,051$921,154$842,592$1,257,192
59$1,290,717$902,593$807,122$1,302,803
60$1,356,666$881,116$768,456$1,351,317
61$1,427,272$856,517$726,426$1,403,007
62$1,502,945$828,577$680,852$1,458,174
63$1,584,134$797,067$631,550$1,517,151
64$1,671,334$761,741$578,325$1,580,306
65$1,765,085$722,341$520,973$1,648,045
66$1,865,981$678,594$459,284$1,720,815
67$1,974,676$630,209$393,034$1,799,112
68$2,091,886$576,883$321,995$1,883,482
69$2,218,399$518,291$245,922$1,974,527
70$2,355,081$454,092$164,565$2,072,914
71$2,502,882$383,925$77,661$2,179,378
72$2,662,847$307,409$0$2,294,729
73$2,836,126$224,141$0$2,422,118
74$3,023,982$133,695$0$2,572,805
75$3,227,804$35,622$0$2,736,315
76$3,449,121$0$0$2,913,899
77$3,689,612$0$0$3,113,923
78$3,951,127$0$0$3,335,298
79$4,235,699$0$0$3,576,221
80$4,545,567$0$0$3,838,591
81$4,883,193$0$0$4,124,497
82$5,251,287$0$0$4,436,238
83$5,652,831$0$0$4,776,345
84$6,091,110$0$0$5,147,602
85$6,569,736$0$0$5,553,076
86$7,092,688$0$0$5,996,141
87$7,664,346$0$0$6,480,513
88$8,289,531$0$0$7,010,284
89$8,973,553$0$0$7,589,957
90$9,722,258$0$0$8,224,492
91$10,542,082$0$0$8,919,351
92$11,440,116$0$0$9,680,548
93$12,424,165$0$0$10,514,708
94$13,502,828$0$0$11,429,124
95$14,685,574$0$0$12,431,831
96$15,982,831$0$0$13,531,678
97$17,406,088$0$0$14,738,410
98$18,967,996$0$0$16,062,765
99$20,682,493$0$0$17,516,566
100$22,564,932$0$0$19,112,839