Can I retire at age 54 with 936,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%11.4%
1 years$77,294$76,606$75,934$75,278$74,638$74,199
2 years$38,264$37,552$36,861$36,191$35,542$35,099
3 years$25,256$24,540$23,852$23,188$22,549$22,116
4 years$18,753$18,040$17,358$16,706$16,082$15,662
5 years$14,853$14,143$13,470$12,832$12,226$11,820
6 years$12,253$11,549$10,886$10,262$9,674$9,283
7 years$10,397$9,699$9,046$8,437$7,867$7,491
8 years$9,006$8,314$7,672$7,077$6,527$6,166
9 years$7,924$7,239$6,608$6,028$5,496$5,151
10 years$7,059$6,381$5,761$5,196$4,683$4,352
11 years$6,352$5,680$5,072$4,522$4,028$3,712
12 years$5,763$5,098$4,501$3,967$3,490$3,189
13 years$5,265$4,607$4,021$3,502$3,044$2,756
14 years$4,839$4,188$3,613$3,109$2,668$2,394
15 years$4,470$3,826$3,262$2,772$2,349$2,089
16 years$4,147$3,510$2,958$2,482$2,076$1,829
17 years$3,862$3,233$2,691$2,230$1,841$1,606
18 years$3,610$2,987$2,457$2,010$1,637$1,414
19 years$3,384$2,768$2,249$1,816$1,459$1,248
20 years$3,181$2,573$2,064$1,645$1,303$1,104
21 years$2,998$2,396$1,899$1,493$1,166$978
22 years$2,831$2,237$1,750$1,357$1,045$867
23 years$2,680$2,092$1,616$1,236$938$771
24 years$2,541$1,960$1,494$1,128$843$685
25 years$2,413$1,839$1,384$1,030$759$610
26 years$2,296$1,729$1,284$942$684$544
27 years$2,187$1,627$1,192$862$616$485
28 years$2,086$1,533$1,108$790$556$433
29 years$1,993$1,446$1,031$724$502$386
30 years$1,905$1,366$960$665$454$345
31 years$1,824$1,291$895$610$410$309
32 years$1,748$1,222$835$561$371$276
33 years$1,676$1,157$780$516$336$247
34 years$1,609$1,097$729$475$304$221
35 years$1,546$1,040$681$437$275$198
36 years$1,487$987$637$402$250$177
37 years$1,430$938$597$371$226$159
38 years$1,377$891$559$342$205$142
39 years$1,327$847$523$315$186$127
40 years$1,280$806$491$291$169$114
41 years$1,235$767$460$268$153$102
42 years$1,192$731$432$247$139$92
43 years$1,151$696$405$228$126$82
44 years$1,112$664$380$211$114$74
45 years$1,075$633$357$195$104$66
46 years$1,040$604$335$180$94$59
47 years$1,006$576$315$166$86$53
48 years$974$550$296$154$78$48
49 years$943$525$278$142$71$43
50 years$914$502$262$131$64$38

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $936,000, adding $3,228 every year, while hoping to spend $53,670 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: 64/23/13 Blend
53$936,000$936,000$936,000$936,000
54$1,034,802$985,194$970,686$1,097,670
55$1,083,247$976,364$946,099$1,131,293
56$1,134,835$965,302$918,890$1,161,498
57$1,189,829$951,843$888,914$1,193,160
58$1,248,519$935,811$856,020$1,226,420
59$1,311,222$917,019$820,050$1,261,436
60$1,378,283$895,270$780,839$1,298,382
61$1,450,084$870,354$738,213$1,337,453
62$1,527,042$842,051$691,993$1,378,867
63$1,609,615$810,127$641,989$1,422,864
64$1,698,306$774,332$588,005$1,469,713
65$1,793,664$734,406$529,835$1,519,711
66$1,896,296$690,070$467,263$1,573,191
67$2,006,867$641,032$400,065$1,630,519
68$2,126,106$586,981$328,006$1,692,104
69$2,254,815$527,590$250,840$1,758,401
70$2,393,876$462,511$168,313$1,829,914
71$2,544,257$391,380$80,157$1,907,200
72$2,707,022$313,808$0$1,990,880
73$2,883,342$229,388$0$2,083,574
74$3,074,502$137,688$0$2,196,103
75$3,281,919$38,252$0$2,318,225
76$3,507,147$0$0$2,450,922
77$3,751,898$0$0$2,612,842
78$4,018,055$0$0$2,799,508
79$4,307,689$0$0$3,002,699
80$4,623,079$0$0$3,224,021
81$4,966,733$0$0$3,465,243
82$5,341,411$0$0$3,728,308
83$5,750,150$0$0$4,015,359
84$6,196,295$0$0$4,328,753
85$6,683,524$0$0$4,671,082
86$7,215,890$0$0$5,045,205
87$7,797,852$0$0$5,454,265
88$8,434,321$0$0$5,901,724
89$9,130,705$0$0$6,391,394
90$9,892,957$0$0$6,927,473
91$10,727,632$0$0$7,514,583
92$11,641,950$0$0$8,157,815
93$12,643,862$0$0$8,862,773
94$13,742,124$0$0$9,635,632
95$14,946,378$0$0$10,483,192
96$16,267,248$0$0$11,412,941
97$17,716,430$0$0$12,433,130
98$19,306,812$0$0$13,552,844
99$21,052,587$0$0$14,782,093
100$22,969,390$0$0$16,131,901