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 years$76,386$75,705$75,041$74,393$73,761$71,371
2 years$37,815$37,110$36,428$35,766$35,124$32,739
3 years$24,959$24,252$23,571$22,916$22,284$19,978
4 years$18,533$17,828$17,154$16,509$15,893$13,685
5 years$14,678$13,977$13,312$12,681$12,082$9,976
6 years$12,109$11,413$10,758$10,141$9,560$7,559
7 years$10,275$9,585$8,940$8,337$7,775$5,878
8 years$8,900$8,216$7,582$6,994$6,450$4,657
9 years$7,831$7,154$6,530$5,957$5,432$3,739
10 years$6,976$6,306$5,693$5,135$4,628$3,034
11 years$6,277$5,613$5,012$4,469$3,980$2,482
12 years$5,695$5,038$4,448$3,920$3,449$2,043
13 years$5,203$4,553$3,974$3,461$3,008$1,691
14 years$4,782$4,139$3,571$3,072$2,637$1,404
15 years$4,417$3,781$3,224$2,740$2,322$1,171
16 years$4,098$3,469$2,923$2,453$2,052$979
17 years$3,817$3,195$2,660$2,204$1,819$820
18 years$3,567$2,952$2,428$1,986$1,618$688
19 years$3,344$2,736$2,223$1,795$1,442$578
20 years$3,144$2,542$2,040$1,626$1,288$487
21 years$2,963$2,368$1,876$1,475$1,152$410
22 years$2,798$2,211$1,729$1,341$1,033$346
23 years$2,648$2,067$1,597$1,222$927$292
24 years$2,511$1,937$1,477$1,114$833$247
25 years$2,385$1,818$1,368$1,018$750$208
26 years$2,269$1,708$1,269$930$676$176
27 years$2,161$1,608$1,178$852$609$149
28 years$2,062$1,515$1,095$780$550$126
29 years$1,969$1,429$1,019$716$496$107
30 years$1,883$1,350$949$657$448$90
31 years$1,802$1,276$885$603$405$76
32 years$1,727$1,207$826$554$367$65
33 years$1,657$1,143$771$510$332$55
34 years$1,590$1,084$720$469$300$46
35 years$1,528$1,028$673$432$272$39
36 years$1,469$976$630$398$247$33
37 years$1,414$927$590$366$223$28
38 years$1,361$881$552$338$203$24
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$15
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$5
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 $6,428 every year, while hoping to spend $40,593 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: 56/16/28 Blend
53$925,000$925,000$925,000$925,000
54$1,025,980$976,955$962,618$1,075,195
55$1,087,440$981,636$951,675$1,114,445
56$1,153,808$985,185$939,005$1,152,432
57$1,225,541$987,504$924,507$1,192,999
58$1,303,145$988,490$908,076$1,236,408
59$1,387,170$988,031$889,601$1,282,949
60$1,478,226$986,009$868,968$1,332,946
61$1,576,981$982,299$846,054$1,386,754
62$1,684,170$976,769$820,734$1,444,769
63$1,800,602$969,277$792,875$1,507,428
64$1,927,167$959,675$762,339$1,575,215
65$2,064,842$947,803$728,982$1,648,666
66$2,214,705$933,495$692,653$1,728,373
67$2,377,941$916,572$653,192$1,814,992
68$2,555,853$896,846$610,436$1,909,248
69$2,749,875$874,117$564,211$2,011,943
70$2,961,588$848,174$514,338$2,123,964
71$3,192,729$818,793$460,627$2,246,293
72$3,445,212$785,739$402,882$2,380,013
73$3,721,143$748,759$340,898$2,526,324
74$4,022,841$707,590$274,460$2,686,549
75$4,352,860$661,951$203,343$2,862,152
76$4,714,011$611,546$127,315$3,054,753
77$5,109,390$556,062$46,130$3,266,137
78$5,542,406$495,167$0$3,498,280
79$6,016,813$428,512$0$3,765,466
80$6,536,745$355,727$0$4,073,495
81$7,106,757$276,421$0$4,411,314
82$7,731,863$190,182$0$4,781,950
83$8,417,586$96,574$0$5,188,736
84$9,170,011$0$0$5,635,351
85$9,995,839$0$0$6,126,702
86$10,902,452$0$0$6,684,870
87$11,897,980$0$0$7,297,868
88$12,991,383$0$0$7,971,223
89$14,192,526$0$0$8,711,023
90$15,512,281$0$0$9,523,975
91$16,962,622$0$0$10,417,467
92$18,556,743$0$0$11,399,640
93$20,309,178$0$0$12,479,462
94$22,235,941$0$0$13,666,813
95$24,354,673$0$0$14,972,579
96$26,684,811$0$0$16,408,753
97$29,247,772$0$0$17,988,549
98$32,067,149$0$0$19,726,527
99$35,168,940$0$0$21,638,728
100$38,581,789$0$0$23,742,826