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%15%
1 years$77,294$76,606$75,934$75,278$74,638$73,101
2 years$38,264$37,552$36,861$36,191$35,542$34,001
3 years$25,256$24,540$23,852$23,188$22,549$21,051
4 years$18,753$18,040$17,358$16,706$16,082$14,640
5 years$14,853$14,143$13,470$12,832$12,226$10,842
6 years$12,253$11,549$10,886$10,262$9,674$8,351
7 years$10,397$9,699$9,046$8,437$7,867$6,605
8 years$9,006$8,314$7,672$7,077$6,527$5,325
9 years$7,924$7,239$6,608$6,028$5,496$4,355
10 years$7,059$6,381$5,761$5,196$4,683$3,600
11 years$6,352$5,680$5,072$4,522$4,028$3,002
12 years$5,763$5,098$4,501$3,967$3,490$2,521
13 years$5,265$4,607$4,021$3,502$3,044$2,128
14 years$4,839$4,188$3,613$3,109$2,668$1,805
15 years$4,470$3,826$3,262$2,772$2,349$1,536
16 years$4,147$3,510$2,958$2,482$2,076$1,312
17 years$3,862$3,233$2,691$2,230$1,841$1,123
18 years$3,610$2,987$2,457$2,010$1,637$964
19 years$3,384$2,768$2,249$1,816$1,459$829
20 years$3,181$2,573$2,064$1,645$1,303$714
21 years$2,998$2,396$1,899$1,493$1,166$615
22 years$2,831$2,237$1,750$1,357$1,045$531
23 years$2,680$2,092$1,616$1,236$938$459
24 years$2,541$1,960$1,494$1,128$843$397
25 years$2,413$1,839$1,384$1,030$759$344
26 years$2,296$1,729$1,284$942$684$298
27 years$2,187$1,627$1,192$862$616$258
28 years$2,086$1,533$1,108$790$556$223
29 years$1,993$1,446$1,031$724$502$194
30 years$1,905$1,366$960$665$454$168
31 years$1,824$1,291$895$610$410$146
32 years$1,748$1,222$835$561$371$127
33 years$1,676$1,157$780$516$336$110
34 years$1,609$1,097$729$475$304$96
35 years$1,546$1,040$681$437$275$83
36 years$1,487$987$637$402$250$72
37 years$1,430$938$597$371$226$63
38 years$1,377$891$559$342$205$54
39 years$1,327$847$523$315$186$47
40 years$1,280$806$491$291$169$41
41 years$1,235$767$460$268$153$36
42 years$1,192$731$432$247$139$31
43 years$1,151$696$405$228$126$27
44 years$1,112$664$380$211$114$23
45 years$1,075$633$357$195$104$20
46 years$1,040$604$335$180$94$18
47 years$1,006$576$315$166$86$15
48 years$974$550$296$154$78$13
49 years$943$525$278$142$71$12
50 years$914$502$262$131$64$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $936,000, adding $3,260 every year, while hoping to spend $48,022 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: 41/42/17 Blend
53$936,000$936,000$936,000$936,000
54$1,034,835$985,227$970,719$1,071,952
55$1,089,293$982,408$952,143$1,095,760
56$1,147,696$977,841$931,335$1,116,589
57$1,210,396$971,391$908,170$1,138,120
58$1,277,780$962,912$882,516$1,160,438
59$1,350,270$952,251$854,237$1,183,645
60$1,428,331$939,245$823,188$1,207,854
61$1,512,476$923,723$789,220$1,233,194
62$1,603,265$905,502$752,175$1,259,809
63$1,701,314$884,388$711,889$1,287,866
64$1,807,302$860,176$668,191$1,317,549
65$1,921,972$832,651$620,902$1,349,069
66$2,046,145$801,582$569,833$1,382,661
67$2,180,719$766,727$514,790$1,418,591
68$2,326,684$727,829$455,567$1,457,157
69$2,485,130$684,616$391,952$1,498,694
70$2,657,252$636,801$323,722$1,543,578
71$2,844,367$584,080$250,642$1,592,227
72$3,047,925$526,132$172,471$1,645,114
73$3,269,519$462,618$88,954$1,702,764
74$3,510,903$393,179$0$1,765,764
75$3,774,006$317,436$0$1,834,804
76$4,060,953$234,989$0$1,927,806
77$4,374,082$145,415$0$2,029,487
78$4,715,965$48,267$0$2,140,813
79$5,089,436$0$0$2,262,856
80$5,497,613$0$0$2,423,114
81$5,943,930$0$0$2,622,852
82$6,432,165$0$0$2,841,471
83$6,966,483$0$0$3,080,848
84$7,551,465$0$0$3,343,052
85$8,192,159$0$0$3,630,362
86$8,894,123$0$0$3,945,286
87$9,663,477$0$0$4,290,588
88$10,506,964$0$0$4,669,312
89$11,432,007$0$0$5,084,809
90$12,446,785$0$0$5,540,774
91$13,560,304$0$0$6,041,272
92$14,782,487$0$0$6,590,784
93$16,124,262$0$0$7,194,245
94$17,597,667$0$0$7,857,092
95$19,215,966$0$0$8,585,314
96$20,993,765$0$0$9,385,509
97$22,947,160$0$0$10,264,945
98$25,093,880$0$0$11,231,630
99$27,453,458$0$0$12,294,387
100$30,047,414$0$0$13,462,934