Can I retire at age 54 with 925,000?

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 $925,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.2%
1 years$76,386$75,705$75,041$74,393$73,761$71,601
2 years$37,815$37,110$36,428$35,766$35,124$32,965
3 years$24,959$24,252$23,571$22,916$22,284$20,194
4 years$18,533$17,828$17,154$16,509$15,893$13,888
5 years$14,678$13,977$13,312$12,681$12,082$10,167
6 years$12,109$11,413$10,758$10,141$9,560$7,738
7 years$10,275$9,585$8,940$8,337$7,775$6,045
8 years$8,900$8,216$7,582$6,994$6,450$4,811
9 years$7,831$7,154$6,530$5,957$5,432$3,882
10 years$6,976$6,306$5,693$5,135$4,628$3,166
11 years$6,277$5,613$5,012$4,469$3,980$2,603
12 years$5,695$5,038$4,448$3,920$3,449$2,154
13 years$5,203$4,553$3,974$3,461$3,008$1,792
14 years$4,782$4,139$3,571$3,072$2,637$1,497
15 years$4,417$3,781$3,224$2,740$2,322$1,255
16 years$4,098$3,469$2,923$2,453$2,052$1,055
17 years$3,817$3,195$2,660$2,204$1,819$889
18 years$3,567$2,952$2,428$1,986$1,618$751
19 years$3,344$2,736$2,223$1,795$1,442$635
20 years$3,144$2,542$2,040$1,626$1,288$538
21 years$2,963$2,368$1,876$1,475$1,152$456
22 years$2,798$2,211$1,729$1,341$1,033$387
23 years$2,648$2,067$1,597$1,222$927$329
24 years$2,511$1,937$1,477$1,114$833$279
25 years$2,385$1,818$1,368$1,018$750$237
26 years$2,269$1,708$1,269$930$676$202
27 years$2,161$1,608$1,178$852$609$172
28 years$2,062$1,515$1,095$780$550$146
29 years$1,969$1,429$1,019$716$496$125
30 years$1,883$1,350$949$657$448$106
31 years$1,802$1,276$885$603$405$91
32 years$1,727$1,207$826$554$367$77
33 years$1,657$1,143$771$510$332$66
34 years$1,590$1,084$720$469$300$56
35 years$1,528$1,028$673$432$272$48
36 years$1,469$976$630$398$247$41
37 years$1,414$927$590$366$223$35
38 years$1,361$881$552$338$203$30
39 years$1,312$837$517$311$184$25
40 years$1,265$797$485$287$167$22
41 years$1,220$758$455$265$151$18
42 years$1,178$722$426$245$137$16
43 years$1,137$688$400$226$125$13
44 years$1,099$656$376$208$113$11
45 years$1,062$626$353$192$103$10
46 years$1,028$597$331$178$93$8
47 years$994$569$311$164$85$7
48 years$963$544$292$152$77$6
49 years$932$519$275$140$70$5
50 years$903$496$258$130$63$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $925,000, adding $6,980 every year, while hoping to spend $41,073 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: 69/14/17 Blend
53$925,000$925,000$925,000$925,000
54$1,026,550$977,525$963,187$1,092,757
55$1,087,557$981,722$951,753$1,141,975
56$1,153,409$984,749$938,559$1,190,288
57$1,224,559$986,503$923,502$1,242,119
58$1,301,502$986,880$906,477$1,297,810
59$1,384,782$985,763$887,371$1,357,739
60$1,474,997$983,034$866,066$1,422,323
61$1,572,808$978,563$842,440$1,492,021
62$1,678,937$972,215$816,364$1,567,344
63$1,794,180$963,846$787,704$1,648,850
64$1,919,415$953,302$756,320$1,737,160
65$2,055,603$940,422$722,065$1,832,956
66$2,203,806$925,034$684,785$1,936,992
67$2,365,189$906,955$644,320$2,050,100
68$2,541,035$885,994$600,502$2,173,199
69$2,732,758$861,944$553,157$2,307,302
70$2,941,912$834,592$502,099$2,453,527
71$3,170,207$803,707$447,140$2,613,107
72$3,419,527$769,048$388,078$2,787,406
73$3,691,945$730,358$324,706$2,977,925
74$3,989,745$687,366$256,804$3,186,322
75$4,315,438$639,787$184,147$3,414,425
76$4,671,793$587,316$106,495$3,664,253
77$5,061,855$529,634$23,602$3,938,033
78$5,488,980$466,402$0$4,238,220
79$5,956,863$397,263$0$4,579,288
80$6,469,572$321,837$0$4,957,796
81$7,031,588$239,727$0$5,372,806
82$7,647,846$150,510$0$5,828,008
83$8,323,783$53,741$0$6,327,470
84$9,065,384$0$0$6,875,675
85$9,879,245$0$0$7,485,429
86$10,772,630$0$0$8,163,904
87$11,753,539$0$0$8,908,905
88$12,830,787$0$0$9,727,133
89$14,014,084$0$0$10,625,970
90$15,314,125$0$0$11,613,549
91$16,742,695$0$0$12,698,828
92$18,312,774$0$0$13,891,677
93$20,038,665$0$0$15,202,971
94$21,936,123$0$0$16,644,688
95$24,022,508$0$0$18,230,028
96$26,316,944$0$0$19,973,531
97$28,840,503$0$0$21,891,218
98$31,616,401$0$0$24,000,742
99$34,670,217$0$0$26,321,551
100$38,030,134$0$0$28,875,073