Can I retire at age 54 with 936,000?

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 $936,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.2%
1 years$77,294$76,606$75,934$75,278$74,638$73,644
2 years$38,264$37,552$36,861$36,191$35,542$34,542
3 years$25,256$24,540$23,852$23,188$22,549$21,575
4 years$18,753$18,040$17,358$16,706$16,082$15,141
5 years$14,853$14,143$13,470$12,832$12,226$11,319
6 years$12,253$11,549$10,886$10,262$9,674$8,804
7 years$10,397$9,699$9,046$8,437$7,867$7,035
8 years$9,006$8,314$7,672$7,077$6,527$5,731
9 years$7,924$7,239$6,608$6,028$5,496$4,737
10 years$7,059$6,381$5,761$5,196$4,683$3,959
11 years$6,352$5,680$5,072$4,522$4,028$3,339
12 years$5,763$5,098$4,501$3,967$3,490$2,836
13 years$5,265$4,607$4,021$3,502$3,044$2,423
14 years$4,839$4,188$3,613$3,109$2,668$2,080
15 years$4,470$3,826$3,262$2,772$2,349$1,793
16 years$4,147$3,510$2,958$2,482$2,076$1,550
17 years$3,862$3,233$2,691$2,230$1,841$1,345
18 years$3,610$2,987$2,457$2,010$1,637$1,169
19 years$3,384$2,768$2,249$1,816$1,459$1,018
20 years$3,181$2,573$2,064$1,645$1,303$889
21 years$2,998$2,396$1,899$1,493$1,166$777
22 years$2,831$2,237$1,750$1,357$1,045$680
23 years$2,680$2,092$1,616$1,236$938$596
24 years$2,541$1,960$1,494$1,128$843$523
25 years$2,413$1,839$1,384$1,030$759$459
26 years$2,296$1,729$1,284$942$684$403
27 years$2,187$1,627$1,192$862$616$354
28 years$2,086$1,533$1,108$790$556$312
29 years$1,993$1,446$1,031$724$502$274
30 years$1,905$1,366$960$665$454$242
31 years$1,824$1,291$895$610$410$213
32 years$1,748$1,222$835$561$371$187
33 years$1,676$1,157$780$516$336$165
34 years$1,609$1,097$729$475$304$146
35 years$1,546$1,040$681$437$275$128
36 years$1,487$987$637$402$250$113
37 years$1,430$938$597$371$226$100
38 years$1,377$891$559$342$205$88
39 years$1,327$847$523$315$186$78
40 years$1,280$806$491$291$169$69
41 years$1,235$767$460$268$153$61
42 years$1,192$731$432$247$139$54
43 years$1,151$696$405$228$126$47
44 years$1,112$664$380$211$114$42
45 years$1,075$633$357$195$104$37
46 years$1,040$604$335$180$94$33
47 years$1,006$576$315$166$86$29
48 years$974$550$296$154$78$25
49 years$943$525$278$142$71$22
50 years$914$502$262$131$64$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $936,000, adding $4,452 every year, while hoping to spend $36,201 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: 35/50/15 Blend
53$936,000$936,000$936,000$936,000
54$1,036,064$986,456$971,948$1,067,383
55$1,103,225$996,275$965,991$1,100,325
56$1,176,023$1,005,362$958,621$1,132,106
57$1,254,995$1,013,642$949,752$1,165,615
58$1,340,731$1,021,037$939,295$1,201,026
59$1,433,881$1,027,463$927,157$1,238,529
60$1,535,158$1,032,830$913,238$1,278,338
61$1,645,349$1,037,043$897,436$1,320,692
62$1,765,318$1,040,002$879,644$1,365,852
63$1,896,016$1,041,597$859,747$1,414,113
64$2,038,491$1,041,716$837,630$1,465,801
65$2,193,893$1,040,237$813,167$1,521,276
66$2,363,493$1,037,031$786,230$1,580,941
67$2,548,685$1,031,961$756,685$1,645,242
68$2,751,006$1,024,883$724,389$1,714,672
69$2,972,148$1,015,642$689,196$1,789,782
70$3,213,974$1,004,075$650,950$1,871,181
71$3,478,534$990,009$609,492$1,959,543
72$3,768,086$973,261$564,651$2,055,618
73$4,085,116$953,637$516,253$2,160,235
74$4,432,364$930,931$464,113$2,274,314
75$4,812,844$904,925$408,039$2,398,875
76$5,229,876$875,388$347,831$2,535,046
77$5,687,119$842,078$283,279$2,684,077
78$6,188,599$804,734$214,163$2,847,354
79$6,738,755$763,085$140,257$3,026,408
80$7,342,473$716,841$61,320$3,222,936
81$8,005,135$665,696$0$3,438,816
82$8,732,672$609,328$0$3,679,793
83$9,531,614$547,395$0$3,955,209
84$10,409,157$479,535$0$4,257,825
85$11,373,226$405,368$0$4,590,499
86$12,432,555$324,490$0$4,956,385
87$13,596,761$236,476$0$5,358,971
88$14,876,443$140,876$0$5,802,108
89$16,283,277$37,215$0$6,290,051
90$17,830,124$0$0$6,827,496
91$19,531,158$0$0$7,460,902
92$21,401,992$0$0$8,180,206
93$23,459,828$0$0$8,971,565
94$25,723,620$0$0$9,842,288
95$28,214,253$0$0$10,800,427
96$30,954,735$0$0$11,854,854
97$33,970,419$0$0$13,015,345
98$37,289,239$0$0$14,292,672
99$40,941,975$0$0$15,698,704
100$44,962,540$0$0$17,246,518