Can I retire at age 54 with 933,000?

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 $933,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.5%
1 years$77,046$76,360$75,690$75,037$74,399$73,016
2 years$38,142$37,431$36,743$36,075$35,428$34,040
3 years$25,175$24,462$23,775$23,114$22,477$21,127
4 years$18,693$17,982$17,302$16,652$16,031$14,729
5 years$14,805$14,098$13,427$12,791$12,186$10,937
6 years$12,214$11,512$10,851$10,229$9,643$8,447
7 years$10,364$9,668$9,017$8,410$7,842$6,700
8 years$8,977$8,287$7,647$7,055$6,506$5,418
9 years$7,898$7,215$6,587$6,009$5,479$4,444
10 years$7,036$6,360$5,742$5,180$4,668$3,685
11 years$6,332$5,662$5,056$4,508$4,015$3,082
12 years$5,745$5,082$4,487$3,954$3,479$2,596
13 years$5,248$4,593$4,009$3,491$3,034$2,199
14 years$4,823$4,175$3,602$3,099$2,659$1,872
15 years$4,455$3,814$3,252$2,764$2,342$1,599
16 years$4,134$3,499$2,948$2,474$2,070$1,370
17 years$3,850$3,222$2,683$2,223$1,835$1,177
18 years$3,598$2,978$2,449$2,004$1,632$1,014
19 years$3,373$2,760$2,242$1,810$1,454$875
20 years$3,171$2,564$2,058$1,640$1,299$756
21 years$2,988$2,389$1,893$1,488$1,162$655
22 years$2,822$2,230$1,744$1,353$1,042$567
23 years$2,671$2,085$1,611$1,232$935$492
24 years$2,533$1,954$1,490$1,124$841$427
25 years$2,405$1,834$1,380$1,026$756$371
26 years$2,288$1,723$1,279$938$681$323
27 years$2,180$1,622$1,188$859$614$281
28 years$2,079$1,528$1,105$787$554$244
29 years$1,986$1,442$1,028$722$501$213
30 years$1,899$1,362$957$662$452$185
31 years$1,818$1,287$893$608$409$162
32 years$1,742$1,218$833$559$370$141
33 years$1,671$1,153$778$514$335$123
34 years$1,604$1,093$727$473$303$107
35 years$1,541$1,037$679$435$275$93
36 years$1,482$984$635$401$249$81
37 years$1,426$935$595$370$225$71
38 years$1,373$888$557$341$204$62
39 years$1,323$845$522$314$185$54
40 years$1,276$804$489$290$168$47
41 years$1,231$765$459$267$153$41
42 years$1,188$728$430$247$138$36
43 years$1,147$694$404$228$126$31
44 years$1,109$662$379$210$114$27
45 years$1,072$631$356$194$103$24
46 years$1,037$602$334$179$94$21
47 years$1,003$574$314$166$85$18
48 years$971$548$295$153$77$16
49 years$940$524$277$141$70$14
50 years$911$500$261$131$64$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $933,000, adding $5,885 every year, while hoping to spend $47,495 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: 49/42/9 Blend
53$933,000$933,000$933,000$933,000
54$1,034,236$984,787$970,326$1,082,153
55$1,089,194$982,508$952,297$1,113,312
56$1,148,166$978,524$932,073$1,141,637
57$1,211,511$972,704$909,530$1,171,301
58$1,279,623$964,905$884,537$1,202,444
59$1,352,936$954,976$856,960$1,235,221
60$1,431,924$942,759$826,657$1,269,804
61$1,517,111$928,084$793,481$1,306,389
62$1,609,069$910,773$757,275$1,345,191
63$1,708,429$890,636$717,879$1,386,452
64$1,815,883$867,472$675,123$1,430,443
65$1,932,194$841,069$628,830$1,477,465
66$2,058,198$811,201$578,816$1,527,853
67$2,194,815$777,631$524,887$1,581,982
68$2,343,057$740,106$466,842$1,640,268
69$2,504,038$698,361$404,470$1,703,176
70$2,678,982$652,112$337,552$1,771,222
71$2,869,235$601,063$265,856$1,844,981
72$3,076,279$544,897$189,145$1,925,092
73$3,301,745$483,282$107,167$2,012,267
74$3,547,426$415,867$19,660$2,107,293
75$3,815,298$342,278$0$2,211,049
76$4,107,532$262,124$0$2,331,587
77$4,426,521$174,989$0$2,465,386
78$4,774,898$80,434$0$2,611,782
79$5,155,561$0$0$2,772,138
80$5,571,700$0$0$2,958,129
81$6,026,829$0$0$3,202,300
82$6,524,816$0$0$3,469,563
83$7,069,920$0$0$3,762,216
84$7,666,831$0$0$4,082,791
85$8,320,714$0$0$4,434,075
86$9,037,257$0$0$4,819,137
87$9,822,724$0$0$5,241,358
88$10,684,014$0$0$5,704,462
89$11,628,725$0$0$6,212,550
90$12,665,229$0$0$6,770,139
91$13,802,742$0$0$7,382,205
92$15,051,420$0$0$8,054,230
93$16,422,448$0$0$8,792,250
94$17,928,148$0$0$9,602,919
95$19,582,094$0$0$10,493,562
96$21,399,238$0$0$11,472,252
97$23,396,055$0$0$12,547,881
98$25,590,690$0$0$13,730,246
99$28,003,137$0$0$15,030,141
100$30,655,424$0$0$16,459,456