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%11.3%
1 years$77,294$76,606$75,934$75,278$74,638$74,230
2 years$38,264$37,552$36,861$36,191$35,542$35,130
3 years$25,256$24,540$23,852$23,188$22,549$22,146
4 years$18,753$18,040$17,358$16,706$16,082$15,692
5 years$14,853$14,143$13,470$12,832$12,226$11,848
6 years$12,253$11,549$10,886$10,262$9,674$9,310
7 years$10,397$9,699$9,046$8,437$7,867$7,518
8 years$9,006$8,314$7,672$7,077$6,527$6,191
9 years$7,924$7,239$6,608$6,028$5,496$5,175
10 years$7,059$6,381$5,761$5,196$4,683$4,375
11 years$6,352$5,680$5,072$4,522$4,028$3,733
12 years$5,763$5,098$4,501$3,967$3,490$3,209
13 years$5,265$4,607$4,021$3,502$3,044$2,776
14 years$4,839$4,188$3,613$3,109$2,668$2,413
15 years$4,470$3,826$3,262$2,772$2,349$2,106
16 years$4,147$3,510$2,958$2,482$2,076$1,845
17 years$3,862$3,233$2,691$2,230$1,841$1,622
18 years$3,610$2,987$2,457$2,010$1,637$1,429
19 years$3,384$2,768$2,249$1,816$1,459$1,262
20 years$3,181$2,573$2,064$1,645$1,303$1,117
21 years$2,998$2,396$1,899$1,493$1,166$990
22 years$2,831$2,237$1,750$1,357$1,045$879
23 years$2,680$2,092$1,616$1,236$938$782
24 years$2,541$1,960$1,494$1,128$843$696
25 years$2,413$1,839$1,384$1,030$759$620
26 years$2,296$1,729$1,284$942$684$553
27 years$2,187$1,627$1,192$862$616$493
28 years$2,086$1,533$1,108$790$556$441
29 years$1,993$1,446$1,031$724$502$394
30 years$1,905$1,366$960$665$454$352
31 years$1,824$1,291$895$610$410$315
32 years$1,748$1,222$835$561$371$282
33 years$1,676$1,157$780$516$336$252
34 years$1,609$1,097$729$475$304$226
35 years$1,546$1,040$681$437$275$203
36 years$1,487$987$637$402$250$182
37 years$1,430$938$597$371$226$163
38 years$1,377$891$559$342$205$146
39 years$1,327$847$523$315$186$131
40 years$1,280$806$491$291$169$117
41 years$1,235$767$460$268$153$105
42 years$1,192$731$432$247$139$95
43 years$1,151$696$405$228$126$85
44 years$1,112$664$380$211$114$76
45 years$1,075$633$357$195$104$68
46 years$1,040$604$335$180$94$61
47 years$1,006$576$315$166$86$55
48 years$974$550$296$154$78$49
49 years$943$525$278$142$71$44
50 years$914$502$262$131$64$40

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $936,000, adding $6,983 every year, while hoping to spend $30,454 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: 50/20/30 Blend
53$936,000$936,000$936,000$936,000
54$1,038,675$989,067$974,559$1,081,468
55$1,112,217$1,005,128$974,804$1,128,241
56$1,192,240$1,020,956$974,036$1,175,489
57$1,279,372$1,036,507$972,190$1,226,263
58$1,374,305$1,051,733$969,196$1,280,915
59$1,477,802$1,066,586$964,982$1,339,830
60$1,590,700$1,081,010$959,470$1,403,436
61$1,713,921$1,094,950$952,583$1,472,204
62$1,848,481$1,108,343$944,235$1,546,656
63$1,995,499$1,121,124$934,339$1,627,366
64$2,156,204$1,133,223$922,804$1,714,969
65$2,331,952$1,144,566$909,533$1,810,167
66$2,524,234$1,155,073$894,425$1,913,733
67$2,734,694$1,164,659$877,376$2,026,523
68$2,965,139$1,173,234$858,275$2,149,480
69$3,217,562$1,180,702$837,006$2,283,646
70$3,494,157$1,186,959$813,449$2,430,170
71$3,797,339$1,191,899$787,478$2,590,322
72$4,129,769$1,195,403$758,960$2,765,503
73$4,494,378$1,197,350$727,757$2,957,259
74$4,894,393$1,197,609$693,725$3,167,297
75$5,333,369$1,196,040$656,714$3,397,499
76$5,815,224$1,192,497$616,564$3,649,943
77$6,344,270$1,186,822$573,112$3,926,923
78$6,925,259$1,178,850$526,185$4,230,969
79$7,563,426$1,168,404$475,603$4,564,872
80$8,264,537$1,155,298$421,177$4,931,712
81$9,034,945$1,139,333$362,713$5,334,888
82$9,881,649$1,120,300$300,003$5,778,148
83$10,812,359$1,097,976$232,835$6,265,627
84$11,835,569$1,072,126$160,984$6,801,887
85$12,960,637$1,042,501$84,217$7,391,960
86$14,197,874$1,008,835$2,290$8,041,397
87$15,558,640$970,851$0$8,756,319
88$17,055,450$928,251$0$9,570,731
89$18,702,095$880,724$0$10,467,382
90$20,513,767$827,938$0$11,453,838
91$22,507,207$769,544$0$12,539,250
92$24,700,862$705,171$0$13,733,702
93$27,115,053$634,427$0$15,048,310
94$29,772,175$556,901$0$16,495,326
95$32,696,903$472,155$0$18,088,253
96$35,916,423$379,727$0$19,841,973
97$39,460,694$279,129$0$21,772,890
98$43,362,726$169,848$0$23,899,084
99$47,658,892$51,338$0$26,240,482
100$52,389,272$0$0$28,819,046