Can I retire at age 54 with 934,000?

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 $934,000?

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$77,129$76,442$75,772$75,117$74,478$73,094
2 years$38,183$37,471$36,782$36,114$35,466$34,077
3 years$25,202$24,488$23,801$23,139$22,501$21,150
4 years$18,713$18,001$17,321$16,670$16,048$14,745
5 years$14,821$14,113$13,442$12,804$12,199$10,949
6 years$12,227$11,525$10,863$10,240$9,653$8,456
7 years$10,375$9,678$9,027$8,419$7,850$6,708
8 years$8,986$8,296$7,656$7,062$6,513$5,423
9 years$7,907$7,223$6,594$6,015$5,485$4,448
10 years$7,044$6,367$5,749$5,185$4,673$3,689
11 years$6,338$5,668$5,061$4,513$4,019$3,086
12 years$5,751$5,087$4,492$3,958$3,483$2,599
13 years$5,254$4,597$4,013$3,495$3,037$2,202
14 years$4,828$4,179$3,606$3,102$2,662$1,874
15 years$4,460$3,818$3,255$2,767$2,344$1,600
16 years$4,138$3,503$2,951$2,477$2,072$1,372
17 years$3,854$3,226$2,686$2,226$1,837$1,179
18 years$3,602$2,981$2,452$2,006$1,633$1,015
19 years$3,377$2,763$2,244$1,812$1,456$876
20 years$3,174$2,567$2,060$1,641$1,300$757
21 years$2,991$2,391$1,895$1,490$1,164$655
22 years$2,825$2,232$1,746$1,355$1,043$568
23 years$2,674$2,088$1,612$1,234$936$493
24 years$2,535$1,956$1,491$1,125$842$428
25 years$2,408$1,836$1,381$1,028$757$372
26 years$2,291$1,725$1,281$940$682$323
27 years$2,182$1,624$1,189$860$615$281
28 years$2,082$1,530$1,106$788$555$245
29 years$1,988$1,443$1,029$723$501$213
30 years$1,901$1,363$958$663$453$186
31 years$1,820$1,288$894$609$409$162
32 years$1,744$1,219$834$560$370$141
33 years$1,673$1,155$778$515$335$123
34 years$1,606$1,094$727$474$303$107
35 years$1,543$1,038$680$436$275$94
36 years$1,483$985$636$401$249$82
37 years$1,427$936$595$370$226$71
38 years$1,374$889$558$341$205$62
39 years$1,324$846$522$314$186$54
40 years$1,277$804$490$290$168$47
41 years$1,232$766$459$268$153$41
42 years$1,189$729$431$247$139$36
43 years$1,148$695$404$228$126$31
44 years$1,110$662$379$210$114$27
45 years$1,073$632$356$194$104$24
46 years$1,038$603$335$180$94$21
47 years$1,004$575$314$166$85$18
48 years$972$549$295$153$78$16
49 years$941$524$278$142$70$14
50 years$912$501$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 $934,000, adding $6,883 every year, while hoping to spend $45,993 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: 42/50/8 Blend
53$934,000$934,000$934,000$934,000
54$1,036,368$986,866$972,389$1,077,184
55$1,093,141$986,286$956,028$1,105,727
56$1,154,164$984,136$937,577$1,131,426
57$1,219,821$980,291$916,918$1,158,201
58$1,290,535$974,618$893,927$1,186,169
59$1,366,770$966,974$868,474$1,215,458
60$1,449,035$957,211$840,423$1,246,216
61$1,537,892$945,170$809,632$1,278,607
62$1,633,956$930,682$775,953$1,312,816
63$1,737,902$913,568$739,231$1,349,048
64$1,850,476$893,641$699,303$1,387,537
65$1,972,494$870,699$655,999$1,428,541
66$2,104,856$844,531$609,143$1,472,352
67$2,248,551$814,912$558,549$1,519,293
68$2,404,666$781,606$504,023$1,569,729
69$2,574,398$744,361$445,364$1,624,064
70$2,759,064$702,911$382,360$1,682,752
71$2,960,110$656,976$314,791$1,746,296
72$3,179,131$606,257$242,427$1,815,260
73$3,417,881$550,442$165,026$1,890,272
74$3,678,289$489,198$82,339$1,972,028
75$3,962,480$422,175$0$2,061,309
76$4,272,792$349,000$0$2,159,482
77$4,611,800$269,284$0$2,274,539
78$4,982,336$182,612$0$2,400,540
79$5,387,521$88,547$0$2,538,699
80$5,830,791$0$0$2,690,364
81$6,315,926$0$0$2,864,388
82$6,847,093$0$0$3,108,379
83$7,428,878$0$0$3,375,739
84$8,066,331$0$0$3,668,805
85$8,765,016$0$0$3,990,148
86$9,531,057$0$0$4,342,603
87$10,371,203$0$0$4,729,291
88$11,292,885$0$0$5,153,648
89$12,304,289$0$0$5,619,462
90$13,414,432$0$0$6,130,904
91$14,633,245$0$0$6,692,568
92$15,971,669$0$0$7,309,515
93$17,441,756$0$0$7,987,321
94$19,056,782$0$0$8,732,129
95$20,831,374$0$0$9,550,706
96$22,781,645$0$0$10,450,506
97$24,925,345$0$0$11,439,743
98$27,282,033$0$0$12,527,466
99$29,873,252$0$0$13,723,645
100$32,722,743$0$0$15,039,262