Can I retire at age 54 with 928,000?

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 $928,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.3%
1 years$76,633$75,951$75,285$74,635$74,000$72,094
2 years$37,937$37,231$36,546$35,882$35,238$33,331
3 years$25,040$24,331$23,648$22,990$22,357$20,507
4 years$18,593$17,886$17,209$16,563$15,945$14,168
5 years$14,726$14,023$13,355$12,722$12,121$10,421
6 years$12,148$11,450$10,793$10,174$9,591$7,970
7 years$10,308$9,616$8,969$8,364$7,800$6,258
8 years$8,929$8,243$7,606$7,017$6,471$5,007
9 years$7,856$7,177$6,551$5,977$5,449$4,063
10 years$6,999$6,326$5,712$5,152$4,643$3,332
11 years$6,298$5,632$5,028$4,484$3,993$2,755
12 years$5,714$5,055$4,463$3,933$3,460$2,294
13 years$5,220$4,568$3,987$3,472$3,018$1,920
14 years$4,797$4,152$3,582$3,082$2,645$1,614
15 years$4,431$3,793$3,234$2,749$2,329$1,361
16 years$4,111$3,480$2,933$2,461$2,058$1,152
17 years$3,829$3,205$2,668$2,211$1,825$977
18 years$3,579$2,962$2,436$1,993$1,623$830
19 years$3,355$2,745$2,230$1,801$1,446$707
20 years$3,154$2,551$2,047$1,631$1,292$603
21 years$2,972$2,376$1,882$1,480$1,156$515
22 years$2,807$2,218$1,735$1,346$1,036$440
23 years$2,657$2,074$1,602$1,226$930$376
24 years$2,519$1,943$1,482$1,118$836$322
25 years$2,393$1,824$1,372$1,021$752$276
26 years$2,276$1,714$1,273$933$678$236
27 years$2,168$1,613$1,182$854$611$203
28 years$2,068$1,520$1,099$783$551$174
29 years$1,975$1,434$1,022$718$498$149
30 years$1,889$1,354$952$659$450$128
31 years$1,808$1,280$888$605$407$110
32 years$1,733$1,211$828$556$368$94
33 years$1,662$1,147$773$511$333$81
34 years$1,595$1,087$723$471$301$70
35 years$1,533$1,031$676$433$273$60
36 years$1,474$979$632$399$247$51
37 years$1,418$930$592$368$224$44
38 years$1,366$883$554$339$203$38
39 years$1,316$840$519$312$184$33
40 years$1,269$799$486$288$167$28
41 years$1,224$761$456$266$152$24
42 years$1,181$725$428$245$138$21
43 years$1,141$690$402$226$125$18
44 years$1,103$658$377$209$113$15
45 years$1,066$628$354$193$103$13
46 years$1,031$599$332$178$93$11
47 years$998$571$312$165$85$10
48 years$966$545$293$152$77$8
49 years$935$521$276$141$70$7
50 years$906$497$259$130$64$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $928,000, adding $6,663 every year, while hoping to spend $55,551 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: 51/30/19 Blend
53$928,000$928,000$928,000$928,000
54$1,029,529$980,345$965,961$1,076,309
55$1,075,435$969,276$939,215$1,098,196
56$1,124,162$955,803$909,711$1,115,684
57$1,175,938$939,749$877,298$1,133,506
58$1,231,015$920,928$841,818$1,151,715
59$1,289,666$899,141$803,107$1,170,370
60$1,352,191$874,178$760,991$1,189,539
61$1,418,920$845,819$715,289$1,209,302
62$1,490,213$813,827$665,815$1,229,751
63$1,566,465$777,954$612,369$1,250,991
64$1,648,108$737,937$554,747$1,273,142
65$1,735,617$693,498$492,733$1,296,341
66$1,829,513$644,343$426,103$1,320,746
67$1,930,368$590,161$354,622$1,346,532
68$2,038,809$530,622$278,046$1,373,902
69$2,155,525$465,379$196,117$1,403,082
70$2,281,271$394,066$108,570$1,434,331
71$2,416,879$316,293$15,125$1,467,937
72$2,563,261$231,652$0$1,504,229
73$2,721,419$139,708$0$1,560,724
74$2,892,456$40,006$0$1,625,073
75$3,077,582$0$0$1,694,733
76$3,278,129$0$0$1,792,722
77$3,495,561$0$0$1,913,359
78$3,731,487$0$0$2,044,341
79$3,987,678$0$0$2,186,661
80$4,266,081$0$0$2,341,413
81$4,568,839$0$0$2,509,798
82$4,898,308$0$0$2,693,140
83$5,257,082$0$0$2,892,894
84$5,648,013$0$0$3,110,662
85$6,074,243$0$0$3,348,207
86$6,539,228$0$0$3,607,470
87$7,046,771$0$0$3,890,587
88$7,601,061$0$0$4,199,909
89$8,206,708$0$0$4,538,025
90$8,868,786$0$0$4,907,786
91$9,592,883$0$0$5,312,328
92$10,385,152$0$0$5,755,109
93$11,252,366$0$0$6,239,932
94$12,201,987$0$0$6,770,988
95$13,242,228$0$0$7,352,890
96$14,382,136$0$0$7,990,722
97$15,631,674$0$0$8,690,079
98$17,001,816$0$0$9,457,127
99$18,504,648$0$0$10,298,654
100$20,153,480$0$0$11,222,139