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%17.1%
1 years$76,799$76,114$75,447$74,796$74,160$72,017
2 years$38,019$37,311$36,625$35,959$35,314$33,172
3 years$25,094$24,383$23,699$23,040$22,405$20,331
4 years$18,633$17,924$17,247$16,599$15,979$13,989
5 years$14,757$14,053$13,384$12,749$12,147$10,247
6 years$12,175$11,475$10,816$10,196$9,612$7,802
7 years$10,330$9,637$8,988$8,383$7,817$6,099
8 years$8,948$8,261$7,623$7,032$6,485$4,857
9 years$7,873$7,192$6,566$5,990$5,461$3,922
10 years$7,014$6,340$5,724$5,163$4,653$3,200
11 years$6,311$5,644$5,039$4,493$4,002$2,633
12 years$5,726$5,066$4,472$3,941$3,468$2,180
13 years$5,231$4,578$3,996$3,480$3,024$1,815
14 years$4,808$4,161$3,590$3,089$2,651$1,517
15 years$4,441$3,801$3,241$2,755$2,334$1,273
16 years$4,120$3,488$2,939$2,467$2,063$1,071
17 years$3,838$3,212$2,674$2,216$1,829$903
18 years$3,587$2,968$2,441$1,997$1,626$763
19 years$3,362$2,751$2,235$1,805$1,450$646
20 years$3,161$2,556$2,051$1,634$1,295$547
21 years$2,979$2,381$1,887$1,483$1,159$464
22 years$2,813$2,222$1,739$1,349$1,039$394
23 years$2,662$2,079$1,605$1,228$932$335
24 years$2,524$1,948$1,485$1,120$838$285
25 years$2,398$1,828$1,375$1,023$754$243
26 years$2,281$1,718$1,275$935$679$207
27 years$2,173$1,617$1,184$856$612$176
28 years$2,073$1,523$1,101$785$553$150
29 years$1,980$1,437$1,025$719$499$128
30 years$1,893$1,357$954$660$451$109
31 years$1,812$1,283$890$606$408$93
32 years$1,736$1,214$830$557$369$79
33 years$1,665$1,150$775$512$334$68
34 years$1,599$1,090$724$472$302$58
35 years$1,536$1,033$677$434$274$49
36 years$1,477$981$633$400$248$42
37 years$1,421$932$593$368$225$36
38 years$1,369$885$555$339$204$31
39 years$1,319$842$520$313$185$26
40 years$1,271$801$488$289$168$22
41 years$1,227$762$457$266$152$19
42 years$1,184$726$429$246$138$16
43 years$1,144$692$402$227$125$14
44 years$1,105$659$378$210$114$12
45 years$1,068$629$355$194$103$10
46 years$1,033$600$333$179$94$9
47 years$1,000$573$313$165$85$7
48 years$968$547$294$153$77$6
49 years$937$522$276$141$70$5
50 years$908$499$260$130$64$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $930,000, adding $2,010 every year, while hoping to spend $42,785 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: 63/23/14 Blend
53$930,000$930,000$930,000$930,000
54$1,026,933$977,643$963,228$1,088,038
55$1,086,158$980,025$949,974$1,131,630
56$1,149,989$981,089$934,841$1,174,128
57$1,218,852$980,727$917,722$1,219,491
58$1,293,213$978,820$898,504$1,267,998
59$1,373,585$975,247$877,068$1,319,960
60$1,460,532$969,875$853,291$1,375,718
61$1,554,672$962,566$827,043$1,435,649
62$1,656,688$953,171$798,188$1,500,171
63$1,767,328$941,534$766,585$1,569,747
64$1,887,416$927,489$732,086$1,644,885
65$2,017,856$910,860$694,535$1,726,152
66$2,159,646$891,461$653,770$1,814,169
67$2,313,882$869,094$609,623$1,909,627
68$2,481,769$843,551$561,917$2,013,286
69$2,664,635$814,611$510,467$2,125,987
70$2,863,939$782,038$455,079$2,248,661
71$3,081,289$745,586$395,552$2,382,334
72$3,318,454$704,993$331,676$2,528,141
73$3,577,380$659,981$263,231$2,687,334
74$3,860,210$610,257$189,986$2,861,298
75$4,169,303$555,512$111,703$3,051,562
76$4,507,258$495,418$28,131$3,259,814
77$4,876,934$429,630$0$3,487,917
78$5,281,480$357,780$0$3,747,053
79$5,724,363$279,483$0$4,035,450
80$6,209,402$194,332$0$4,351,453
81$6,740,801$101,894$0$4,697,879
82$7,323,191$1,715$0$5,077,832
83$7,961,672$0$0$5,494,736
84$8,661,860$0$0$5,979,370
85$9,429,943$0$0$6,511,542
86$10,272,735$0$0$7,095,547
87$11,197,740$0$0$7,736,594
88$12,213,228$0$0$8,440,424
89$13,328,305$0$0$9,213,357
90$14,553,003$0$0$10,062,358
91$15,898,375$0$0$10,995,098
92$17,376,595$0$0$12,020,028
93$19,001,077$0$0$13,146,459
94$20,786,595$0$0$14,384,648
95$22,749,430$0$0$15,745,896
96$24,907,515$0$0$17,242,653
97$27,280,612$0$0$18,888,635
98$29,890,488$0$0$20,698,955
99$32,761,131$0$0$22,690,264
100$35,918,967$0$0$24,880,907