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%11.2%
1 years$77,211$76,524$75,853$75,198$74,558$74,182
2 years$38,223$37,512$36,822$36,153$35,504$35,124
3 years$25,229$24,514$23,826$23,163$22,525$22,153
4 years$18,733$18,021$17,339$16,688$16,065$15,705
5 years$14,837$14,128$13,456$12,818$12,212$11,864
6 years$12,240$11,537$10,874$10,251$9,663$9,328
7 years$10,386$9,689$9,037$8,428$7,859$7,536
8 years$8,996$8,305$7,664$7,070$6,520$6,210
9 years$7,915$7,231$6,601$6,022$5,491$5,193
10 years$7,051$6,374$5,755$5,191$4,678$4,394
11 years$6,345$5,674$5,066$4,518$4,023$3,751
12 years$5,757$5,093$4,496$3,963$3,487$3,227
13 years$5,260$4,602$4,017$3,498$3,040$2,793
14 years$4,834$4,183$3,609$3,105$2,665$2,429
15 years$4,465$3,822$3,259$2,769$2,347$2,122
16 years$4,142$3,506$2,955$2,480$2,074$1,860
17 years$3,858$3,229$2,689$2,228$1,839$1,636
18 years$3,606$2,984$2,454$2,008$1,635$1,443
19 years$3,380$2,765$2,247$1,814$1,457$1,275
20 years$3,178$2,570$2,062$1,643$1,302$1,129
21 years$2,995$2,394$1,897$1,491$1,165$1,002
22 years$2,828$2,234$1,748$1,356$1,044$890
23 years$2,677$2,090$1,614$1,235$937$792
24 years$2,538$1,958$1,493$1,126$842$705
25 years$2,411$1,837$1,383$1,029$758$629
26 years$2,293$1,727$1,282$941$683$561
27 years$2,185$1,625$1,191$861$616$501
28 years$2,084$1,531$1,107$789$556$448
29 years$1,990$1,445$1,030$723$502$401
30 years$1,903$1,364$959$664$453$359
31 years$1,822$1,290$894$610$410$321
32 years$1,746$1,220$835$560$371$288
33 years$1,674$1,156$779$515$335$258
34 years$1,607$1,095$728$474$304$231
35 years$1,544$1,039$681$436$275$207
36 years$1,485$986$637$402$249$186
37 years$1,429$937$596$370$226$167
38 years$1,376$890$558$341$205$150
39 years$1,326$846$523$315$186$134
40 years$1,278$805$490$290$168$121
41 years$1,233$767$460$268$153$108
42 years$1,190$730$431$247$139$97
43 years$1,150$696$405$228$126$87
44 years$1,111$663$380$211$114$79
45 years$1,074$632$357$195$104$71
46 years$1,039$603$335$180$94$63
47 years$1,005$576$315$166$86$57
48 years$973$549$296$153$78$51
49 years$942$525$278$142$71$46
50 years$913$501$261$131$64$41

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $935,000, adding $4,103 every year, while hoping to spend $56,189 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: 58/19/23 Blend
53$935,000$935,000$935,000$935,000
54$1,034,602$985,047$970,555$1,087,989
55$1,080,347$973,530$943,284$1,113,326
56$1,128,875$959,565$913,216$1,134,556
57$1,180,409$942,973$880,198$1,156,487
58$1,235,197$923,565$844,071$1,179,202
59$1,293,506$901,138$804,666$1,202,792
60$1,355,631$875,481$761,809$1,227,361
61$1,421,893$846,368$715,318$1,253,027
62$1,492,646$813,559$665,001$1,279,922
63$1,568,275$776,804$610,658$1,308,197
64$1,649,206$735,833$552,081$1,338,018
65$1,735,901$690,366$489,052$1,369,576
66$1,828,872$640,102$421,344$1,403,082
67$1,928,676$584,727$348,719$1,438,774
68$2,035,929$523,906$270,929$1,476,921
69$2,151,303$457,287$187,714$1,517,819
70$2,275,537$384,496$98,804$1,561,804
71$2,409,445$305,139$3,917$1,609,250
72$2,553,919$218,801$0$1,660,573
73$2,709,938$125,041$0$1,740,129
74$2,878,580$23,397$0$1,827,128
75$3,061,028$0$0$1,921,265
76$3,258,585$0$0$2,041,380
77$3,472,680$0$0$2,176,918
78$3,704,887$0$0$2,323,991
79$3,956,936$0$0$2,483,704
80$4,230,730$0$0$2,657,271
81$4,528,361$0$0$2,846,030
82$4,852,133$0$0$3,051,450
83$5,204,579$0$0$3,275,149
84$5,588,487$0$0$3,518,908
85$6,006,924$0$0$3,784,686
86$6,463,266$0$0$4,074,639
87$6,961,230$0$0$4,391,140
88$7,504,906$0$0$4,736,803
89$8,098,796$0$0$5,114,503
90$8,747,857$0$0$5,527,406
91$9,457,547$0$0$5,978,999
92$10,233,873$0$0$6,473,120
93$11,083,451$0$0$7,013,996
94$12,013,566$0$0$7,606,280
95$13,032,241$0$0$8,255,099
96$14,148,310$0$0$8,966,095
97$15,371,501$0$0$9,745,487
98$16,712,529$0$0$10,600,118
99$18,183,197$0$0$11,537,531
100$19,796,500$0$0$12,566,031