Can I retire at age 54 with 923,000?

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 $923,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.1%
1 years$76,220$75,542$74,879$74,233$73,601$71,764
2 years$37,733$37,030$36,349$35,689$35,048$33,209
3 years$24,905$24,200$23,520$22,866$22,236$20,452
4 years$18,493$17,789$17,117$16,474$15,859$14,144
5 years$14,646$13,947$13,283$12,653$12,056$10,415
6 years$12,083$11,389$10,735$10,119$9,539$7,974
7 years$10,253$9,564$8,921$8,319$7,758$6,268
8 years$8,880$8,198$7,565$6,979$6,436$5,021
9 years$7,814$7,138$6,516$5,945$5,420$4,079
10 years$6,961$6,292$5,681$5,124$4,618$3,349
11 years$6,264$5,601$5,001$4,460$3,972$2,773
12 years$5,683$5,027$4,439$3,912$3,442$2,312
13 years$5,192$4,543$3,966$3,453$3,001$1,937
14 years$4,772$4,130$3,563$3,066$2,631$1,631
15 years$4,407$3,773$3,217$2,734$2,317$1,378
16 years$4,089$3,461$2,917$2,448$2,047$1,167
17 years$3,809$3,188$2,654$2,199$1,815$992
18 years$3,560$2,946$2,423$1,982$1,614$844
19 years$3,337$2,730$2,218$1,791$1,439$720
20 years$3,137$2,537$2,036$1,622$1,285$615
21 years$2,956$2,363$1,872$1,472$1,150$525
22 years$2,792$2,206$1,726$1,339$1,031$450
23 years$2,642$2,063$1,593$1,219$925$385
24 years$2,505$1,933$1,474$1,112$832$330
25 years$2,380$1,814$1,365$1,015$748$283
26 years$2,264$1,705$1,266$928$674$243
27 years$2,157$1,604$1,175$850$608$209
28 years$2,057$1,512$1,093$779$548$180
29 years$1,965$1,426$1,017$714$495$154
30 years$1,879$1,347$947$655$447$133
31 years$1,799$1,273$883$602$405$114
32 years$1,723$1,205$824$553$366$98
33 years$1,653$1,141$769$509$331$84
34 years$1,587$1,081$719$468$300$73
35 years$1,525$1,026$672$431$272$63
36 years$1,466$973$629$397$246$54
37 years$1,411$925$588$366$223$46
38 years$1,358$879$551$337$202$40
39 years$1,309$836$516$311$183$34
40 years$1,262$795$484$287$166$30
41 years$1,217$757$454$264$151$25
42 years$1,175$721$426$244$137$22
43 years$1,135$687$399$225$124$19
44 years$1,097$655$375$208$113$16
45 years$1,060$624$352$192$102$14
46 years$1,025$595$331$177$93$12
47 years$992$568$311$164$84$10
48 years$961$542$292$151$77$9
49 years$930$518$274$140$70$8
50 years$901$495$258$129$63$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $923,000, adding $2,678 every year, while hoping to spend $28,434 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: 25/50/25 Blend
53$923,000$923,000$923,000$923,000
54$1,019,908$970,989$956,683$1,037,290
55$1,093,685$988,314$958,478$1,069,094
56$1,174,035$1,005,535$959,381$1,100,551
57$1,261,597$1,022,617$959,330$1,133,678
58$1,357,076$1,039,522$958,264$1,168,633
59$1,461,249$1,056,209$956,117$1,205,591
60$1,574,968$1,072,635$952,818$1,244,747
61$1,699,173$1,088,753$948,297$1,286,316
62$1,834,900$1,104,512$942,476$1,330,538
63$1,983,286$1,119,860$935,276$1,377,677
64$2,145,587$1,134,739$926,613$1,428,028
65$2,323,183$1,149,087$916,400$1,481,916
66$2,517,594$1,162,839$904,546$1,539,702
67$2,730,494$1,175,924$890,954$1,601,786
68$2,963,728$1,188,267$875,524$1,668,609
69$3,219,325$1,199,789$858,151$1,740,664
70$3,499,522$1,210,404$838,725$1,818,493
71$3,806,781$1,220,022$817,130$1,902,697
72$4,143,816$1,228,546$793,247$1,993,941
73$4,513,614$1,235,874$766,949$2,092,963
74$4,919,465$1,241,894$738,105$2,200,578
75$5,364,995$1,246,492$706,576$2,317,687
76$5,854,198$1,249,543$672,220$2,445,289
77$6,391,471$1,250,916$634,884$2,584,488
78$6,981,661$1,250,471$594,413$2,736,505
79$7,630,105$1,248,058$550,640$2,902,690
80$8,342,685$1,243,522$503,395$3,084,537
81$9,125,878$1,236,694$452,499$3,283,695
82$9,986,823$1,227,397$397,763$3,501,992
83$10,933,382$1,215,443$338,991$3,741,442
84$11,974,220$1,200,632$275,979$4,004,276
85$13,118,880$1,182,753$208,515$4,292,958
86$14,377,879$1,161,581$136,373$4,610,209
87$15,762,803$1,136,880$59,323$4,959,038
88$17,286,419$1,108,397$0$5,342,765
89$18,962,792$1,075,866$0$5,771,172
90$20,807,419$1,039,006$0$6,259,487
91$22,837,376$997,518$0$6,796,415
92$25,071,479$951,086$0$7,386,975
93$27,530,458$899,377$0$8,036,702
94$30,237,155$842,038$0$8,751,703
95$33,216,742$778,694$0$9,538,717
96$36,496,951$708,952$0$10,405,175
97$40,108,343$632,393$0$11,359,279
98$44,084,591$548,577$0$12,410,073
99$48,462,800$457,038$0$13,567,534
100$53,283,856$357,284$0$14,842,668