Can I retire at age 54 with 927,000?

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 $927,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.8%
1 years$76,551$75,869$75,204$74,554$73,920$71,298
2 years$37,896$37,191$36,507$35,843$35,200$32,586
3 years$25,013$24,304$23,622$22,965$22,332$19,808
4 years$18,573$17,866$17,191$16,545$15,928$13,514
5 years$14,710$14,007$13,341$12,708$12,108$9,810
6 years$12,135$11,438$10,781$10,163$9,581$7,400
7 years$10,297$9,606$8,959$8,355$7,792$5,729
8 years$8,919$8,234$7,598$7,009$6,464$4,517
9 years$7,848$7,169$6,544$5,970$5,444$3,609
10 years$6,991$6,319$5,706$5,146$4,638$2,914
11 years$6,291$5,626$5,023$4,479$3,989$2,371
12 years$5,708$5,049$4,458$3,929$3,457$1,942
13 years$5,215$4,563$3,983$3,468$3,014$1,598
14 years$4,792$4,148$3,579$3,079$2,642$1,320
15 years$4,427$3,789$3,231$2,746$2,327$1,094
16 years$4,107$3,476$2,929$2,459$2,056$909
17 years$3,825$3,202$2,666$2,209$1,823$757
18 years$3,575$2,958$2,433$1,991$1,621$632
19 years$3,352$2,742$2,228$1,799$1,445$528
20 years$3,151$2,548$2,044$1,629$1,291$442
21 years$2,969$2,373$1,880$1,479$1,155$370
22 years$2,804$2,215$1,733$1,344$1,035$310
23 years$2,654$2,072$1,600$1,224$929$260
24 years$2,516$1,941$1,480$1,117$835$218
25 years$2,390$1,822$1,371$1,020$752$183
26 years$2,273$1,712$1,271$932$677$154
27 years$2,166$1,611$1,180$854$610$129
28 years$2,066$1,518$1,097$782$551$109
29 years$1,973$1,432$1,021$717$497$91
30 years$1,887$1,353$951$658$449$77
31 years$1,806$1,279$887$604$406$65
32 years$1,731$1,210$827$555$368$54
33 years$1,660$1,146$773$511$333$46
34 years$1,594$1,086$722$470$301$38
35 years$1,531$1,030$675$433$273$32
36 years$1,472$978$631$398$247$27
37 years$1,417$929$591$367$224$23
38 years$1,364$883$553$338$203$19
39 years$1,314$839$518$312$184$16
40 years$1,267$798$486$288$167$14
41 years$1,223$760$456$266$152$11
42 years$1,180$724$427$245$137$10
43 years$1,140$690$401$226$125$8
44 years$1,101$657$376$209$113$7
45 years$1,065$627$353$193$103$6
46 years$1,030$598$332$178$93$5
47 years$997$571$312$165$85$4
48 years$965$545$293$152$77$3
49 years$934$520$276$141$70$3
50 years$905$497$259$130$64$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $927,000, adding $6,435 every year, while hoping to spend $36,779 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: 65/27/8 Blend
53$927,000$927,000$927,000$927,000
54$1,028,192$979,061$964,692$1,093,008
55$1,093,935$987,902$957,877$1,145,803
56$1,165,151$995,944$949,600$1,198,510
57$1,242,359$1,003,109$939,775$1,255,136
58$1,326,132$1,009,313$928,309$1,316,059
59$1,417,096$1,014,468$915,107$1,381,697
60$1,515,943$1,018,480$900,066$1,452,508
61$1,623,433$1,021,249$883,082$1,529,002
62$1,740,403$1,022,670$864,045$1,611,737
63$1,867,771$1,022,628$842,838$1,701,332
64$2,006,551$1,021,005$819,340$1,798,468
65$2,157,858$1,017,672$793,426$1,903,896
66$2,322,917$1,012,495$764,963$2,018,446
67$2,503,078$1,005,331$733,813$2,143,034
68$2,699,827$996,027$699,831$2,278,667
69$2,914,799$984,423$662,865$2,426,460
70$3,149,796$970,346$622,759$2,587,642
71$3,406,799$953,618$579,345$2,763,568
72$3,687,993$934,045$532,453$2,955,732
73$3,995,779$911,424$481,902$3,165,785
74$4,332,806$885,541$427,502$3,395,546
75$4,701,987$856,168$369,059$3,647,021
76$5,106,532$823,063$306,365$3,922,426
77$5,549,977$785,971$239,207$4,224,201
78$6,036,214$744,623$167,360$4,555,043
79$6,569,532$698,734$90,591$4,917,921
80$7,154,654$648,001$8,655$5,316,113
81$7,796,781$592,106$0$5,753,235
82$8,501,645$530,711$0$6,239,999
83$9,275,557$463,460$0$6,775,303
84$10,125,470$389,976$0$7,363,282
85$11,059,044$309,861$0$8,009,309
86$12,084,717$222,695$0$8,719,309
87$13,211,785$128,034$0$9,499,815
88$14,450,488$25,409$0$10,358,030
89$15,812,109$0$0$11,301,895
90$17,309,077$0$0$12,365,620
91$18,955,085$0$0$13,543,621
92$20,765,222$0$0$14,839,153
93$22,756,109$0$0$16,264,124
94$24,946,061$0$0$17,831,650
95$27,355,256$0$0$19,556,185
96$30,005,927$0$0$21,453,651
97$32,922,570$0$0$23,541,595
98$36,132,176$0$0$25,839,350
99$39,664,484$0$0$28,368,215
100$43,552,263$0$0$31,151,662