Can I retire at age 54 with 932,000?

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 $932,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.3%
1 years$76,964$76,278$75,609$74,956$74,319$72,113
2 years$38,101$37,391$36,704$36,037$35,390$33,186
3 years$25,148$24,436$23,750$23,089$22,453$20,320
4 years$18,673$17,963$17,284$16,634$16,014$13,968
5 years$14,789$14,083$13,413$12,777$12,173$10,220
6 years$12,201$11,500$10,840$10,218$9,632$7,774
7 years$10,353$9,658$9,008$8,401$7,834$6,069
8 years$8,967$8,278$7,639$7,047$6,499$4,828
9 years$7,890$7,208$6,580$6,002$5,473$3,894
10 years$7,029$6,353$5,736$5,174$4,663$3,173
11 years$6,325$5,656$5,050$4,503$4,010$2,607
12 years$5,738$5,076$4,482$3,950$3,475$2,156
13 years$5,243$4,588$4,004$3,487$3,031$1,793
14 years$4,818$4,170$3,598$3,095$2,657$1,497
15 years$4,450$3,809$3,248$2,761$2,339$1,254
16 years$4,129$3,495$2,945$2,472$2,067$1,053
17 years$3,846$3,219$2,680$2,221$1,833$887
18 years$3,594$2,974$2,446$2,001$1,630$748
19 years$3,370$2,757$2,240$1,809$1,453$632
20 years$3,168$2,562$2,055$1,638$1,298$535
21 years$2,985$2,386$1,891$1,487$1,161$453
22 years$2,819$2,227$1,742$1,352$1,041$384
23 years$2,668$2,083$1,609$1,231$934$326
24 years$2,530$1,952$1,488$1,123$840$277
25 years$2,403$1,832$1,378$1,025$756$235
26 years$2,286$1,721$1,278$937$681$200
27 years$2,178$1,620$1,187$858$614$170
28 years$2,077$1,527$1,103$786$554$145
29 years$1,984$1,440$1,027$721$500$123
30 years$1,897$1,360$956$662$452$105
31 years$1,816$1,286$892$608$408$89
32 years$1,740$1,217$832$558$369$76
33 years$1,669$1,152$777$514$334$65
34 years$1,602$1,092$726$473$303$55
35 years$1,539$1,036$679$435$274$47
36 years$1,480$983$635$401$248$40
37 years$1,424$934$594$369$225$34
38 years$1,372$887$556$340$204$29
39 years$1,322$844$521$314$185$25
40 years$1,274$803$489$289$168$21
41 years$1,229$764$458$267$152$18
42 years$1,187$728$430$246$138$15
43 years$1,146$693$403$227$125$13
44 years$1,107$661$379$210$114$11
45 years$1,071$630$355$194$103$10
46 years$1,035$601$334$179$94$8
47 years$1,002$574$314$166$85$7
48 years$970$548$295$153$77$6
49 years$939$523$277$141$70$5
50 years$910$500$260$131$64$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $932,000, adding $4,708 every year, while hoping to spend $42,145 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: 30/46/24 Blend
53$932,000$932,000$932,000$932,000
54$1,031,920$982,524$968,078$1,055,085
55$1,092,334$985,826$955,667$1,076,613
56$1,157,498$987,877$941,427$1,095,700
57$1,227,851$988,572$925,254$1,115,372
58$1,303,878$987,797$907,035$1,135,706
59$1,386,108$985,435$886,656$1,156,791
60$1,475,128$981,357$863,996$1,178,730
61$1,571,578$975,430$838,926$1,201,639
62$1,676,164$967,512$811,316$1,225,650
63$1,789,663$957,450$781,025$1,250,912
64$1,912,929$945,085$747,909$1,277,594
65$2,046,900$930,247$711,817$1,305,887
66$2,192,610$912,756$672,590$1,336,006
67$2,351,197$892,421$630,061$1,368,195
68$2,523,909$869,040$584,059$1,402,727
69$2,712,124$842,399$534,401$1,439,908
70$2,917,357$812,273$480,900$1,480,083
71$3,141,274$778,421$423,356$1,523,640
72$3,385,710$740,590$361,565$1,571,011
73$3,652,686$698,513$295,311$1,622,682
74$3,944,425$651,905$224,369$1,679,195
75$4,263,375$600,467$148,504$1,741,157
76$4,612,232$543,882$67,471$1,809,246
77$4,993,962$481,815$0$1,884,217
78$5,411,835$413,912$0$1,971,782
79$5,869,447$339,799$0$2,086,767
80$6,370,763$259,081$0$2,212,997
81$6,920,146$171,342$0$2,351,712
82$7,522,402$76,139$0$2,504,288
83$8,182,826$0$0$2,672,249
84$8,907,246$0$0$2,870,949
85$9,702,084$0$0$3,131,398
86$10,574,415$0$0$3,417,393
87$11,532,029$0$0$3,731,507
88$12,583,509$0$0$4,076,576
89$13,738,310$0$0$4,455,721
90$15,006,845$0$0$4,872,385
91$16,400,588$0$0$5,330,357
92$17,932,180$0$0$5,833,813
93$19,615,543$0$0$6,387,354
94$21,466,020$0$0$6,996,049
95$23,500,510$0$0$7,665,482
96$25,737,635$0$0$8,401,807
97$28,197,908$0$0$9,211,801
98$30,903,933$0$0$10,102,934
99$33,880,613$0$0$11,083,436
100$37,155,385$0$0$12,162,375