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%19.2%
1 years$77,129$76,442$75,772$75,117$74,478$71,722
2 years$38,183$37,471$36,782$36,114$35,466$32,720
3 years$25,202$24,488$23,801$23,139$22,501$19,852
4 years$18,713$18,001$17,321$16,670$16,048$13,516
5 years$14,821$14,113$13,442$12,804$12,199$9,791
6 years$12,227$11,525$10,863$10,240$9,653$7,370
7 years$10,375$9,678$9,027$8,419$7,850$5,692
8 years$8,986$8,296$7,656$7,062$6,513$4,477
9 years$7,907$7,223$6,594$6,015$5,485$3,569
10 years$7,044$6,367$5,749$5,185$4,673$2,874
11 years$6,338$5,668$5,061$4,513$4,019$2,333
12 years$5,751$5,087$4,492$3,958$3,483$1,905
13 years$5,254$4,597$4,013$3,495$3,037$1,563
14 years$4,828$4,179$3,606$3,102$2,662$1,288
15 years$4,460$3,818$3,255$2,767$2,344$1,065
16 years$4,138$3,503$2,951$2,477$2,072$882
17 years$3,854$3,226$2,686$2,226$1,837$732
18 years$3,602$2,981$2,452$2,006$1,633$609
19 years$3,377$2,763$2,244$1,812$1,456$507
20 years$3,174$2,567$2,060$1,641$1,300$423
21 years$2,991$2,391$1,895$1,490$1,164$353
22 years$2,825$2,232$1,746$1,355$1,043$295
23 years$2,674$2,088$1,612$1,234$936$247
24 years$2,535$1,956$1,491$1,125$842$206
25 years$2,408$1,836$1,381$1,028$757$173
26 years$2,291$1,725$1,281$940$682$145
27 years$2,182$1,624$1,189$860$615$121
28 years$2,082$1,530$1,106$788$555$101
29 years$1,988$1,443$1,029$723$501$85
30 years$1,901$1,363$958$663$453$71
31 years$1,820$1,288$894$609$409$60
32 years$1,744$1,219$834$560$370$50
33 years$1,673$1,155$778$515$335$42
34 years$1,606$1,094$727$474$303$35
35 years$1,543$1,038$680$436$275$30
36 years$1,483$985$636$401$249$25
37 years$1,427$936$595$370$226$21
38 years$1,374$889$558$341$205$17
39 years$1,324$846$522$314$186$15
40 years$1,277$804$490$290$168$12
41 years$1,232$766$459$268$153$10
42 years$1,189$729$431$247$139$9
43 years$1,148$695$404$228$126$7
44 years$1,110$662$379$210$114$6
45 years$1,073$632$356$194$104$5
46 years$1,038$603$335$180$94$4
47 years$1,004$575$314$166$85$4
48 years$972$549$295$153$78$3
49 years$941$524$278$142$70$3
50 years$912$501$261$131$64$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $934,000, adding $5,911 every year, while hoping to spend $33,803 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: 80/7/13 Blend
53$934,000$934,000$934,000$934,000
54$1,035,365$985,863$971,386$1,115,135
55$1,105,006$998,204$967,962$1,180,737
56$1,180,618$1,010,017$963,289$1,247,737
57$1,262,773$1,021,240$957,292$1,320,288
58$1,352,103$1,031,808$949,888$1,398,930
59$1,449,301$1,041,650$940,993$1,484,259
60$1,555,131$1,050,692$930,517$1,576,929
61$1,670,432$1,058,854$918,367$1,677,664
62$1,796,129$1,066,051$904,446$1,787,259
63$1,933,240$1,072,193$888,650$1,906,590
64$2,082,884$1,077,184$870,874$2,036,625
65$2,246,294$1,080,922$851,004$2,178,426
66$2,424,828$1,083,299$828,924$2,333,166
67$2,619,977$1,084,198$804,510$2,502,139
68$2,833,389$1,083,497$777,635$2,686,767
69$3,066,873$1,081,067$748,164$2,888,620
70$3,322,423$1,076,769$715,957$3,109,427
71$3,602,236$1,070,455$680,867$3,351,093
72$3,908,728$1,061,972$642,740$3,615,718
73$4,244,564$1,051,154$601,417$3,905,615
74$4,612,674$1,037,826$556,729$4,223,336
75$5,016,290$1,021,802$508,503$4,571,690
76$5,458,967$1,002,886$456,554$4,953,774
77$5,944,625$980,871$400,691$5,373,002
78$6,477,579$955,535$340,716$5,833,136
79$7,062,581$926,646$276,420$6,338,321
80$7,704,869$893,956$207,585$6,893,126
81$8,410,211$857,205$133,983$7,502,588
82$9,184,959$816,115$55,379$8,172,255
83$10,036,115$770,395$0$8,908,245
84$10,971,389$719,734$0$9,721,251
85$11,999,276$663,806$0$10,623,204
86$13,129,134$602,265$0$11,614,639
87$14,371,275$534,745$0$12,704,619
88$15,737,058$460,861$0$13,903,130
89$17,238,998$380,203$0$15,221,176
90$18,890,884$292,341$0$16,670,881
91$20,707,908$196,819$0$18,265,604
92$22,706,808$93,157$0$20,020,067
93$24,906,026$0$0$21,950,490
94$27,325,883$0$0$24,076,225
95$29,988,769$0$0$26,423,375
96$32,919,351$0$0$29,006,512
97$36,144,812$0$0$31,849,600
98$39,695,102$0$0$34,979,043
99$43,603,223$0$0$38,423,933
100$47,905,538$0$0$42,216,329