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%11.7%
1 years$77,129$76,442$75,772$75,117$74,478$73,947
2 years$38,183$37,471$36,782$36,114$35,466$34,930
3 years$25,202$24,488$23,801$23,139$22,501$21,977
4 years$18,713$18,001$17,321$16,670$16,048$15,540
5 years$14,821$14,113$13,442$12,804$12,199$11,710
6 years$12,227$11,525$10,863$10,240$9,653$9,181
7 years$10,375$9,678$9,027$8,419$7,850$7,397
8 years$8,986$8,296$7,656$7,062$6,513$6,078
9 years$7,907$7,223$6,594$6,015$5,485$5,069
10 years$7,044$6,367$5,749$5,185$4,673$4,275
11 years$6,338$5,668$5,061$4,513$4,019$3,639
12 years$5,751$5,087$4,492$3,958$3,483$3,120
13 years$5,254$4,597$4,013$3,495$3,037$2,692
14 years$4,828$4,179$3,606$3,102$2,662$2,334
15 years$4,460$3,818$3,255$2,767$2,344$2,032
16 years$4,138$3,503$2,951$2,477$2,072$1,776
17 years$3,854$3,226$2,686$2,226$1,837$1,556
18 years$3,602$2,981$2,452$2,006$1,633$1,367
19 years$3,377$2,763$2,244$1,812$1,456$1,204
20 years$3,174$2,567$2,060$1,641$1,300$1,063
21 years$2,991$2,391$1,895$1,490$1,164$939
22 years$2,825$2,232$1,746$1,355$1,043$831
23 years$2,674$2,088$1,612$1,234$936$737
24 years$2,535$1,956$1,491$1,125$842$654
25 years$2,408$1,836$1,381$1,028$757$581
26 years$2,291$1,725$1,281$940$682$516
27 years$2,182$1,624$1,189$860$615$459
28 years$2,082$1,530$1,106$788$555$409
29 years$1,988$1,443$1,029$723$501$364
30 years$1,901$1,363$958$663$453$325
31 years$1,820$1,288$894$609$409$290
32 years$1,744$1,219$834$560$370$258
33 years$1,673$1,155$778$515$335$231
34 years$1,606$1,094$727$474$303$206
35 years$1,543$1,038$680$436$275$184
36 years$1,483$985$636$401$249$164
37 years$1,427$936$595$370$226$147
38 years$1,374$889$558$341$205$131
39 years$1,324$846$522$314$186$117
40 years$1,277$804$490$290$168$105
41 years$1,232$766$459$268$153$94
42 years$1,189$729$431$247$139$84
43 years$1,148$695$404$228$126$75
44 years$1,110$662$379$210$114$67
45 years$1,073$632$356$194$104$60
46 years$1,038$603$335$180$94$54
47 years$1,004$575$314$166$85$48
48 years$972$549$295$153$78$43
49 years$941$524$278$142$70$38
50 years$912$501$261$131$64$34

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $934,000, adding $4,832 every year, while hoping to spend $28,103 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: 78/7/15 Blend
53$934,000$934,000$934,000$934,000
54$1,034,252$984,750$970,273$1,111,290
55$1,109,845$1,003,102$972,876$1,181,088
56$1,192,205$1,021,410$974,624$1,253,580
57$1,281,996$1,039,645$975,459$1,332,314
58$1,379,942$1,057,770$975,320$1,417,902
59$1,486,845$1,075,750$974,143$1,511,021
60$1,603,587$1,093,545$971,859$1,612,414
61$1,731,136$1,111,112$968,400$1,722,900
62$1,870,560$1,128,405$963,690$1,843,383
63$2,023,035$1,145,375$957,651$1,974,858
64$2,189,856$1,161,969$950,204$2,118,421
65$2,372,447$1,178,132$941,262$2,275,279
66$2,572,379$1,193,802$930,736$2,446,764
67$2,791,378$1,208,915$918,532$2,634,341
68$3,031,349$1,223,402$904,553$2,839,628
69$3,294,387$1,237,189$888,696$3,064,403
70$3,582,801$1,250,198$870,854$3,310,629
71$3,899,133$1,262,344$850,914$3,580,469
72$4,246,185$1,273,539$828,760$3,876,304
73$4,627,039$1,283,686$804,267$4,200,760
74$5,045,095$1,292,685$777,308$4,556,730
75$5,504,095$1,300,426$747,747$4,947,403
76$6,008,161$1,306,795$715,445$5,376,293
77$6,561,835$1,311,670$680,255$5,847,270
78$7,170,121$1,314,921$642,022$6,364,604
79$7,838,529$1,316,408$600,586$6,932,996
80$8,573,133$1,315,985$555,779$7,557,629
81$9,380,621$1,313,497$507,426$8,244,215
82$10,268,363$1,308,777$455,343$8,999,047
83$11,244,479$1,301,650$399,340$9,829,063
84$12,317,913$1,291,929$339,216$10,741,908
85$13,498,523$1,279,416$274,762$11,746,006
86$14,797,167$1,263,902$205,761$12,850,643
87$16,225,809$1,245,164$131,985$14,066,050
88$17,797,632$1,222,967$53,197$15,403,505
89$19,527,159$1,197,061$0$16,875,437
90$21,430,394$1,167,182$0$18,500,483
91$23,524,971$1,133,051$0$20,298,204
92$25,830,318$1,094,370$0$22,276,755
93$28,367,842$1,050,826$0$24,454,513
94$31,161,134$1,002,088$0$26,851,731
95$34,236,184$947,805$0$29,490,723
96$37,621,632$887,605$0$32,396,081
97$41,349,037$821,096$0$35,594,900
98$45,453,172$747,863$0$39,117,041
99$49,972,355$667,467$0$42,995,406
100$54,948,807$579,446$0$47,266,255