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%18.1%
1 years$76,386$75,705$75,041$74,393$73,761$71,343
2 years$37,815$37,110$36,428$35,766$35,124$32,711
3 years$24,959$24,252$23,571$22,916$22,284$19,952
4 years$18,533$17,828$17,154$16,509$15,893$13,659
5 years$14,678$13,977$13,312$12,681$12,082$9,952
6 years$12,109$11,413$10,758$10,141$9,560$7,537
7 years$10,275$9,585$8,940$8,337$7,775$5,858
8 years$8,900$8,216$7,582$6,994$6,450$4,638
9 years$7,831$7,154$6,530$5,957$5,432$3,722
10 years$6,976$6,306$5,693$5,135$4,628$3,018
11 years$6,277$5,613$5,012$4,469$3,980$2,467
12 years$5,695$5,038$4,448$3,920$3,449$2,030
13 years$5,203$4,553$3,974$3,461$3,008$1,678
14 years$4,782$4,139$3,571$3,072$2,637$1,393
15 years$4,417$3,781$3,224$2,740$2,322$1,161
16 years$4,098$3,469$2,923$2,453$2,052$969
17 years$3,817$3,195$2,660$2,204$1,819$811
18 years$3,567$2,952$2,428$1,986$1,618$681
19 years$3,344$2,736$2,223$1,795$1,442$572
20 years$3,144$2,542$2,040$1,626$1,288$481
21 years$2,963$2,368$1,876$1,475$1,152$405
22 years$2,798$2,211$1,729$1,341$1,033$341
23 years$2,648$2,067$1,597$1,222$927$288
24 years$2,511$1,937$1,477$1,114$833$243
25 years$2,385$1,818$1,368$1,018$750$205
26 years$2,269$1,708$1,269$930$676$173
27 years$2,161$1,608$1,178$852$609$146
28 years$2,062$1,515$1,095$780$550$124
29 years$1,969$1,429$1,019$716$496$105
30 years$1,883$1,350$949$657$448$88
31 years$1,802$1,276$885$603$405$75
32 years$1,727$1,207$826$554$367$63
33 years$1,657$1,143$771$510$332$54
34 years$1,590$1,084$720$469$300$45
35 years$1,528$1,028$673$432$272$38
36 years$1,469$976$630$398$247$32
37 years$1,414$927$590$366$223$27
38 years$1,361$881$552$338$203$23
39 years$1,312$837$517$311$184$20
40 years$1,265$797$485$287$167$17
41 years$1,220$758$455$265$151$14
42 years$1,178$722$426$245$137$12
43 years$1,137$688$400$226$125$10
44 years$1,099$656$376$208$113$9
45 years$1,062$626$353$192$103$7
46 years$1,028$597$331$178$93$6
47 years$994$569$311$164$85$5
48 years$963$544$292$152$77$4
49 years$932$519$275$140$70$4
50 years$903$496$258$130$63$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $925,000, adding $4,420 every year, while hoping to spend $51,101 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: 58/30/12 Blend
53$925,000$925,000$925,000$925,000
54$1,023,909$974,884$960,547$1,080,010
55$1,073,977$968,282$938,354$1,111,771
56$1,127,439$959,645$913,705$1,140,299
57$1,184,587$948,817$886,464$1,170,178
58$1,245,742$935,636$856,488$1,201,542
59$1,311,256$919,930$823,628$1,234,544
60$1,381,513$901,515$787,728$1,269,353
61$1,456,936$880,198$748,626$1,306,158
62$1,537,989$855,774$706,150$1,345,171
63$1,625,181$828,024$660,124$1,386,626
64$1,719,073$796,720$610,361$1,430,785
65$1,820,277$761,618$556,667$1,477,941
66$1,929,468$722,461$498,838$1,528,419
67$2,047,388$678,976$436,664$1,582,581
68$2,174,851$630,875$369,921$1,640,829
69$2,312,752$577,854$298,380$1,703,611
70$2,462,075$519,591$221,798$1,771,425
71$2,623,902$455,746$139,923$1,844,825
72$2,799,422$385,960$52,492$1,924,424
73$2,989,943$309,852$0$2,010,906
74$3,196,905$227,022$0$2,110,255
75$3,421,888$137,045$0$2,225,598
76$3,666,636$39,476$0$2,351,178
77$3,933,063$0$0$2,488,073
78$4,223,277$0$0$2,659,312
79$4,539,598$0$0$2,860,230
80$4,884,578$0$0$3,079,426
81$5,261,027$0$0$3,318,696
82$5,672,038$0$0$3,580,013
83$6,121,015$0$0$3,865,554
84$6,611,707$0$0$4,177,712
85$7,148,239$0$0$4,519,122
86$7,735,155$0$0$4,892,688
87$8,377,456$0$0$5,301,605
88$9,080,652$0$0$5,749,393
89$9,850,808$0$0$6,239,926
90$10,694,603$0$0$6,777,472
91$11,619,394$0$0$7,366,732
92$12,633,283$0$0$8,012,882
93$13,745,194$0$0$8,721,623
94$14,964,953$0$0$9,499,236
95$16,303,388$0$0$10,352,638
96$17,772,420$0$0$11,289,449
97$19,385,186$0$0$12,318,060
98$21,156,153$0$0$13,447,718
99$23,101,260$0$0$14,688,607
100$25,238,064$0$0$16,051,948