Can I retire at age 54 with 930,000?

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 $930,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.1%
1 years$76,799$76,114$75,447$74,796$74,160$72,603
2 years$38,019$37,311$36,625$35,959$35,314$33,753
3 years$25,094$24,383$23,699$23,040$22,405$20,888
4 years$18,633$17,924$17,247$16,599$15,979$14,519
5 years$14,757$14,053$13,384$12,749$12,147$10,747
6 years$12,175$11,475$10,816$10,196$9,612$8,273
7 years$10,330$9,637$8,988$8,383$7,817$6,540
8 years$8,948$8,261$7,623$7,032$6,485$5,270
9 years$7,873$7,192$6,566$5,990$5,461$4,307
10 years$7,014$6,340$5,724$5,163$4,653$3,558
11 years$6,311$5,644$5,039$4,493$4,002$2,965
12 years$5,726$5,066$4,472$3,941$3,468$2,488
13 years$5,231$4,578$3,996$3,480$3,024$2,099
14 years$4,808$4,161$3,590$3,089$2,651$1,779
15 years$4,441$3,801$3,241$2,755$2,334$1,513
16 years$4,120$3,488$2,939$2,467$2,063$1,291
17 years$3,838$3,212$2,674$2,216$1,829$1,105
18 years$3,587$2,968$2,441$1,997$1,626$947
19 years$3,362$2,751$2,235$1,805$1,450$814
20 years$3,161$2,556$2,051$1,634$1,295$700
21 years$2,979$2,381$1,887$1,483$1,159$603
22 years$2,813$2,222$1,739$1,349$1,039$520
23 years$2,662$2,079$1,605$1,228$932$449
24 years$2,524$1,948$1,485$1,120$838$388
25 years$2,398$1,828$1,375$1,023$754$336
26 years$2,281$1,718$1,275$935$679$291
27 years$2,173$1,617$1,184$856$612$252
28 years$2,073$1,523$1,101$785$553$218
29 years$1,980$1,437$1,025$719$499$189
30 years$1,893$1,357$954$660$451$164
31 years$1,812$1,283$890$606$408$142
32 years$1,736$1,214$830$557$369$123
33 years$1,665$1,150$775$512$334$107
34 years$1,599$1,090$724$472$302$93
35 years$1,536$1,033$677$434$274$80
36 years$1,477$981$633$400$248$70
37 years$1,421$932$593$368$225$61
38 years$1,369$885$555$339$204$53
39 years$1,319$842$520$313$185$46
40 years$1,271$801$488$289$168$40
41 years$1,227$762$457$266$152$34
42 years$1,184$726$429$246$138$30
43 years$1,144$692$402$227$125$26
44 years$1,105$659$378$210$114$23
45 years$1,068$629$355$194$103$20
46 years$1,033$600$333$179$94$17
47 years$1,000$573$313$165$85$15
48 years$968$547$294$153$77$13
49 years$937$522$276$141$70$11
50 years$908$499$260$130$64$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $930,000, adding $4,283 every year, while hoping to spend $37,901 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: 62/28/10 Blend
53$930,000$930,000$930,000$930,000
54$1,029,278$979,988$965,573$1,090,523
55$1,093,938$987,681$957,593$1,139,730
56$1,163,923$994,481$948,076$1,188,662
57$1,239,736$1,000,303$936,930$1,241,124
58$1,321,931$1,005,060$924,058$1,297,458
59$1,411,115$1,008,655$909,361$1,358,041
60$1,507,958$1,010,988$892,734$1,423,291
61$1,613,196$1,011,953$874,067$1,493,666
62$1,727,637$1,011,434$853,244$1,569,676
63$1,852,174$1,009,312$830,145$1,651,881
64$1,987,785$1,005,458$804,645$1,740,899
65$2,135,550$999,736$776,611$1,837,414
66$2,296,654$992,001$745,905$1,942,181
67$2,472,404$982,100$712,384$2,056,031
68$2,664,237$969,871$675,898$2,179,885
69$2,873,737$955,142$636,287$2,314,756
70$3,102,644$937,731$593,389$2,461,765
71$3,352,878$917,443$547,031$2,622,147
72$3,626,548$894,075$497,034$2,797,266
73$3,925,981$867,409$443,210$2,988,628
74$4,253,736$837,218$385,362$3,197,896
75$4,612,633$803,256$323,287$3,426,901
76$5,005,774$765,269$256,770$3,677,669
77$5,436,580$722,984$185,589$3,952,432
78$5,908,814$676,113$109,509$4,253,653
79$6,426,625$624,354$28,289$4,584,053
80$6,994,577$567,385$0$4,946,631
81$7,617,703$504,865$0$5,350,928
82$8,301,543$436,438$0$5,797,990
83$9,052,199$361,722$0$6,288,855
84$9,876,395$280,318$0$6,828,000
85$10,781,537$191,803$0$7,420,358
86$11,775,782$95,730$0$8,071,373
87$12,868,118$0$0$8,787,047
88$14,068,445$0$0$9,576,577
89$15,387,671$0$0$10,476,805
90$16,837,811$0$0$11,466,444
91$18,432,104$0$0$12,554,538
92$20,185,136$0$0$13,751,050
93$22,112,975$0$0$15,066,959
94$24,233,326$0$0$16,514,360
95$26,565,694$0$0$18,106,579
96$29,131,572$0$0$19,858,298
97$31,954,639$0$0$21,785,696
98$35,060,986$0$0$23,906,596
99$38,479,360$0$0$26,240,639
100$42,241,436$0$0$28,809,464