Can I retire at age 54 with 935,000?

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 $935,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.1%
1 years$77,211$76,524$75,853$75,198$74,558$71,827
2 years$38,223$37,512$36,822$36,153$35,504$32,783
3 years$25,229$24,514$23,826$23,163$22,525$19,900
4 years$18,733$18,021$17,339$16,688$16,065$13,555
5 years$14,837$14,128$13,456$12,818$12,212$9,825
6 years$12,240$11,537$10,874$10,251$9,663$7,399
7 years$10,386$9,689$9,037$8,428$7,859$5,718
8 years$8,996$8,305$7,664$7,070$6,520$4,500
9 years$7,915$7,231$6,601$6,022$5,491$3,590
10 years$7,051$6,374$5,755$5,191$4,678$2,893
11 years$6,345$5,674$5,066$4,518$4,023$2,349
12 years$5,757$5,093$4,496$3,963$3,487$1,920
13 years$5,260$4,602$4,017$3,498$3,040$1,577
14 years$4,834$4,183$3,609$3,105$2,665$1,300
15 years$4,465$3,822$3,259$2,769$2,347$1,075
16 years$4,142$3,506$2,955$2,480$2,074$891
17 years$3,858$3,229$2,689$2,228$1,839$741
18 years$3,606$2,984$2,454$2,008$1,635$617
19 years$3,380$2,765$2,247$1,814$1,457$514
20 years$3,178$2,570$2,062$1,643$1,302$429
21 years$2,995$2,394$1,897$1,491$1,165$358
22 years$2,828$2,234$1,748$1,356$1,044$300
23 years$2,677$2,090$1,614$1,235$937$251
24 years$2,538$1,958$1,493$1,126$842$210
25 years$2,411$1,837$1,383$1,029$758$176
26 years$2,293$1,727$1,282$941$683$147
27 years$2,185$1,625$1,191$861$616$123
28 years$2,084$1,531$1,107$789$556$104
29 years$1,990$1,445$1,030$723$502$87
30 years$1,903$1,364$959$664$453$73
31 years$1,822$1,290$894$610$410$61
32 years$1,746$1,220$835$560$371$51
33 years$1,674$1,156$779$515$335$43
34 years$1,607$1,095$728$474$304$36
35 years$1,544$1,039$681$436$275$30
36 years$1,485$986$637$402$249$25
37 years$1,429$937$596$370$226$21
38 years$1,376$890$558$341$205$18
39 years$1,326$846$523$315$186$15
40 years$1,278$805$490$290$168$13
41 years$1,233$767$460$268$153$11
42 years$1,190$730$431$247$139$9
43 years$1,150$696$405$228$126$7
44 years$1,111$663$380$211$114$6
45 years$1,074$632$357$195$104$5
46 years$1,039$603$335$180$94$4
47 years$1,005$576$315$166$86$4
48 years$973$549$296$153$78$3
49 years$942$525$278$142$71$3
50 years$913$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 $935,000, adding $5,838 every year, while hoping to spend $58,444 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: 51/35/14 Blend
53$935,000$935,000$935,000$935,000
54$1,036,392$986,837$972,344$1,085,034
55$1,079,920$973,008$942,734$1,105,174
56$1,125,929$956,543$910,173$1,120,420
57$1,174,610$937,250$874,500$1,135,684
58$1,226,173$914,928$835,549$1,150,986
59$1,280,846$889,362$793,142$1,166,350
60$1,338,877$860,326$747,098$1,181,806
61$1,400,541$827,580$697,224$1,197,392
62$1,466,135$790,870$643,319$1,213,153
63$1,535,985$749,927$585,175$1,229,145
64$1,610,450$704,468$522,573$1,245,433
65$1,689,921$654,192$455,284$1,262,094
66$1,774,826$598,781$383,070$1,279,217
67$1,865,637$537,900$305,681$1,296,908
68$1,962,869$471,194$222,858$1,315,290
69$2,067,087$398,288$134,329$1,334,502
70$2,178,911$318,785$39,811$1,354,707
71$2,299,023$232,268$0$1,376,093
72$2,428,168$138,294$0$1,407,991
73$2,567,167$36,397$0$1,448,465
74$2,716,921$0$0$1,491,886
75$2,878,419$0$0$1,567,086
76$3,052,748$0$0$1,663,467
77$3,241,101$0$0$1,767,680
78$3,444,790$0$0$1,880,460
79$3,665,259$0$0$2,002,617
80$3,904,092$0$0$2,135,040
81$4,163,032$0$0$2,278,707
82$4,443,998$0$0$2,434,694
83$4,749,096$0$0$2,604,183
84$5,080,647$0$0$2,788,477
85$5,441,201$0$0$2,989,006
86$5,833,564$0$0$3,207,347
87$6,260,825$0$0$3,445,233
88$6,726,383$0$0$3,704,571
89$7,233,977$0$0$3,987,461
90$7,787,722$0$0$4,296,214
91$8,392,150$0$0$4,633,375
92$9,052,246$0$0$5,001,742
93$9,773,502$0$0$5,404,399
94$10,561,960$0$0$5,844,741
95$11,424,276$0$0$6,326,504
96$12,367,775$0$0$6,853,803
97$13,400,524$0$0$7,431,169
98$14,531,409$0$0$8,063,593
99$15,770,210$0$0$8,756,568
100$17,127,702$0$0$9,516,148