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%13.6%
1 years$76,964$76,278$75,609$74,956$74,319$73,208
2 years$38,101$37,391$36,704$36,037$35,390$34,274
3 years$25,148$24,436$23,750$23,089$22,453$21,365
4 years$18,673$17,963$17,284$16,634$16,014$14,963
5 years$14,789$14,083$13,413$12,777$12,173$11,163
6 years$12,201$11,500$10,840$10,218$9,632$8,664
7 years$10,353$9,658$9,008$8,401$7,834$6,907
8 years$8,967$8,278$7,639$7,047$6,499$5,614
9 years$7,890$7,208$6,580$6,002$5,473$4,629
10 years$7,029$6,353$5,736$5,174$4,663$3,860
11 years$6,325$5,656$5,050$4,503$4,010$3,247
12 years$5,738$5,076$4,482$3,950$3,475$2,751
13 years$5,243$4,588$4,004$3,487$3,031$2,344
14 years$4,818$4,170$3,598$3,095$2,657$2,007
15 years$4,450$3,809$3,248$2,761$2,339$1,725
16 years$4,129$3,495$2,945$2,472$2,067$1,488
17 years$3,846$3,219$2,680$2,221$1,833$1,287
18 years$3,594$2,974$2,446$2,001$1,630$1,115
19 years$3,370$2,757$2,240$1,809$1,453$969
20 years$3,168$2,562$2,055$1,638$1,298$843
21 years$2,985$2,386$1,891$1,487$1,161$735
22 years$2,819$2,227$1,742$1,352$1,041$641
23 years$2,668$2,083$1,609$1,231$934$560
24 years$2,530$1,952$1,488$1,123$840$490
25 years$2,403$1,832$1,378$1,025$756$428
26 years$2,286$1,721$1,278$937$681$375
27 years$2,178$1,620$1,187$858$614$329
28 years$2,077$1,527$1,103$786$554$288
29 years$1,984$1,440$1,027$721$500$253
30 years$1,897$1,360$956$662$452$222
31 years$1,816$1,286$892$608$408$195
32 years$1,740$1,217$832$558$369$171
33 years$1,669$1,152$777$514$334$150
34 years$1,602$1,092$726$473$303$132
35 years$1,539$1,036$679$435$274$116
36 years$1,480$983$635$401$248$102
37 years$1,424$934$594$369$225$90
38 years$1,372$887$556$340$204$79
39 years$1,322$844$521$314$185$69
40 years$1,274$803$489$289$168$61
41 years$1,229$764$458$267$152$54
42 years$1,187$728$430$246$138$47
43 years$1,146$693$403$227$125$42
44 years$1,107$661$379$210$114$37
45 years$1,071$630$355$194$103$32
46 years$1,035$601$334$179$94$28
47 years$1,002$574$314$166$85$25
48 years$970$548$295$153$77$22
49 years$939$523$277$141$70$19
50 years$910$500$260$131$64$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $932,000, adding $6,464 every year, while hoping to spend $54,610 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: 73/20/7 Blend
53$932,000$932,000$932,000$932,000
54$1,033,732$984,336$969,890$1,107,699
55$1,081,068$974,463$944,276$1,147,464
56$1,131,402$962,277$915,975$1,183,510
57$1,184,982$947,606$884,837$1,221,446
58$1,242,080$930,268$850,709$1,261,441
59$1,302,993$910,072$813,428$1,303,683
60$1,368,047$886,815$772,827$1,348,379
61$1,437,599$860,280$728,728$1,395,759
62$1,512,041$830,241$680,948$1,446,077
63$1,591,802$796,456$629,292$1,499,613
64$1,677,353$758,669$573,561$1,556,679
65$1,769,211$716,612$513,543$1,617,619
66$1,867,942$669,998$449,018$1,682,813
67$1,974,170$618,525$379,758$1,752,682
68$2,088,577$561,874$305,521$1,827,692
69$2,211,914$499,709$226,059$1,908,358
70$2,345,007$431,671$141,109$1,995,250
71$2,488,760$357,386$50,399$2,088,999
72$2,644,170$276,454$0$2,190,301
73$2,812,330$188,456$0$2,303,393
74$2,994,445$92,947$0$2,429,905
75$3,191,836$0$0$2,567,033
76$3,405,957$0$0$2,718,164
77$3,638,408$0$0$2,904,475
78$3,890,948$0$0$3,106,925
79$4,165,512$0$0$3,327,070
80$4,464,228$0$0$3,566,622
81$4,789,439$0$0$3,827,465
82$5,143,723$0$0$4,111,670
83$5,529,915$0$0$4,421,519
84$5,951,136$0$0$4,759,522
85$6,410,823$0$0$5,128,442
86$6,912,758$0$0$5,531,321
87$7,461,102$0$0$5,971,506
88$8,060,440$0$0$6,452,684
89$8,715,817$0$0$6,978,913
90$9,432,789$0$0$7,554,660
91$10,217,472$0$0$8,184,847
92$11,076,604$0$0$8,874,891
93$12,017,600$0$0$9,630,757
94$13,048,630$0$0$10,459,017
95$14,178,691$0$0$11,366,905
96$15,417,689$0$0$12,362,392
97$16,776,537$0$0$13,454,255
98$18,267,254$0$0$14,652,161
99$19,903,079$0$0$15,966,759
100$21,698,594$0$0$17,409,778