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%11.7%
1 years$77,211$76,524$75,853$75,198$74,558$74,026
2 years$38,223$37,512$36,822$36,153$35,504$34,968
3 years$25,229$24,514$23,826$23,163$22,525$22,001
4 years$18,733$18,021$17,339$16,688$16,065$15,557
5 years$14,837$14,128$13,456$12,818$12,212$11,722
6 years$12,240$11,537$10,874$10,251$9,663$9,191
7 years$10,386$9,689$9,037$8,428$7,859$7,405
8 years$8,996$8,305$7,664$7,070$6,520$6,085
9 years$7,915$7,231$6,601$6,022$5,491$5,074
10 years$7,051$6,374$5,755$5,191$4,678$4,280
11 years$6,345$5,674$5,066$4,518$4,023$3,643
12 years$5,757$5,093$4,496$3,963$3,487$3,124
13 years$5,260$4,602$4,017$3,498$3,040$2,695
14 years$4,834$4,183$3,609$3,105$2,665$2,336
15 years$4,465$3,822$3,259$2,769$2,347$2,034
16 years$4,142$3,506$2,955$2,480$2,074$1,777
17 years$3,858$3,229$2,689$2,228$1,839$1,558
18 years$3,606$2,984$2,454$2,008$1,635$1,369
19 years$3,380$2,765$2,247$1,814$1,457$1,205
20 years$3,178$2,570$2,062$1,643$1,302$1,064
21 years$2,995$2,394$1,897$1,491$1,165$940
22 years$2,828$2,234$1,748$1,356$1,044$832
23 years$2,677$2,090$1,614$1,235$937$738
24 years$2,538$1,958$1,493$1,126$842$655
25 years$2,411$1,837$1,383$1,029$758$581
26 years$2,293$1,727$1,282$941$683$517
27 years$2,185$1,625$1,191$861$616$460
28 years$2,084$1,531$1,107$789$556$409
29 years$1,990$1,445$1,030$723$502$365
30 years$1,903$1,364$959$664$453$325
31 years$1,822$1,290$894$610$410$290
32 years$1,746$1,220$835$560$371$259
33 years$1,674$1,156$779$515$335$231
34 years$1,607$1,095$728$474$304$206
35 years$1,544$1,039$681$436$275$184
36 years$1,485$986$637$402$249$164
37 years$1,429$937$596$370$226$147
38 years$1,376$890$558$341$205$131
39 years$1,326$846$523$315$186$117
40 years$1,278$805$490$290$168$105
41 years$1,233$767$460$268$153$94
42 years$1,190$730$431$247$139$84
43 years$1,150$696$405$228$126$75
44 years$1,111$663$380$211$114$67
45 years$1,074$632$357$195$104$60
46 years$1,039$603$335$180$94$54
47 years$1,005$576$315$166$86$48
48 years$973$549$296$153$78$43
49 years$942$525$278$142$71$38
50 years$913$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 $935,000, adding $6,493 every year, while hoping to spend $32,898 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: 55/16/29 Blend
53$935,000$935,000$935,000$935,000
54$1,037,068$987,513$973,020$1,085,446
55$1,107,845$1,000,897$970,613$1,132,941
56$1,184,740$1,013,836$967,023$1,180,723
57$1,268,340$1,026,270$962,175$1,232,111
58$1,359,294$1,038,141$955,991$1,287,464
59$1,458,316$1,049,384$948,391$1,347,179
60$1,566,189$1,059,929$939,287$1,411,695
61$1,683,778$1,069,703$928,591$1,481,495
62$1,812,034$1,078,628$916,208$1,557,115
63$1,952,001$1,086,621$902,041$1,639,146
64$2,104,831$1,093,592$885,986$1,728,238
65$2,271,793$1,099,447$867,936$1,825,114
66$2,454,282$1,104,085$847,777$1,930,568
67$2,653,833$1,107,400$825,392$2,045,477
68$2,872,139$1,109,278$800,658$2,170,812
69$3,111,062$1,109,597$773,445$2,307,642
70$3,372,653$1,108,230$743,618$2,457,149
71$3,659,170$1,105,040$711,036$2,620,636
72$3,973,101$1,099,883$675,551$2,799,542
73$4,317,186$1,092,605$637,010$2,995,456
74$4,694,439$1,083,044$595,251$3,210,131
75$5,108,185$1,071,026$550,105$3,445,501
76$5,562,083$1,056,369$501,396$3,703,701
77$6,060,164$1,038,880$448,941$3,987,086
78$6,606,868$1,018,351$392,548$4,298,256
79$7,207,085$994,567$332,015$4,640,079
80$7,866,203$967,297$267,133$5,015,718
81$8,590,157$936,296$197,683$5,428,665
82$9,385,485$901,306$123,437$5,882,770
83$10,259,389$862,055$44,157$6,382,281
84$11,219,804$818,252$0$6,931,886
85$12,275,470$769,593$0$7,549,268
86$13,436,019$715,754$0$8,243,008
87$14,712,060$656,393$0$9,005,801
88$16,115,283$591,149$0$9,844,671
89$17,658,566$519,639$0$10,767,359
90$19,356,099$441,461$0$11,782,397
91$21,223,515$356,187$0$12,899,188
92$23,278,041$263,367$0$14,128,096
93$25,538,654$162,525$0$15,480,543
94$28,026,267$53,159$0$16,969,119
95$30,763,921$0$0$18,607,700
96$33,777,003$0$0$20,423,068
97$37,093,487$0$0$22,431,640
98$40,744,196$0$0$24,642,737
99$44,763,093$0$0$27,076,942
100$49,187,602$0$0$29,756,937