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%18.6%
1 years$77,294$76,606$75,934$75,278$74,638$72,047
2 years$38,264$37,552$36,861$36,191$35,542$32,958
3 years$25,256$24,540$23,852$23,188$22,549$20,054
4 years$18,753$18,040$17,358$16,706$16,082$13,695
5 years$14,853$14,143$13,470$12,832$12,226$9,952
6 years$12,253$11,549$10,886$10,262$9,674$7,516
7 years$10,397$9,699$9,046$8,437$7,867$5,825
8 years$9,006$8,314$7,672$7,077$6,527$4,598
9 years$7,924$7,239$6,608$6,028$5,496$3,679
10 years$7,059$6,381$5,761$5,196$4,683$2,974
11 years$6,352$5,680$5,072$4,522$4,028$2,423
12 years$5,763$5,098$4,501$3,967$3,490$1,987
13 years$5,265$4,607$4,021$3,502$3,044$1,637
14 years$4,839$4,188$3,613$3,109$2,668$1,354
15 years$4,470$3,826$3,262$2,772$2,349$1,124
16 years$4,147$3,510$2,958$2,482$2,076$936
17 years$3,862$3,233$2,691$2,230$1,841$780
18 years$3,610$2,987$2,457$2,010$1,637$652
19 years$3,384$2,768$2,249$1,816$1,459$546
20 years$3,181$2,573$2,064$1,645$1,303$457
21 years$2,998$2,396$1,899$1,493$1,166$383
22 years$2,831$2,237$1,750$1,357$1,045$322
23 years$2,680$2,092$1,616$1,236$938$270
24 years$2,541$1,960$1,494$1,128$843$227
25 years$2,413$1,839$1,384$1,030$759$191
26 years$2,296$1,729$1,284$942$684$161
27 years$2,187$1,627$1,192$862$616$135
28 years$2,086$1,533$1,108$790$556$114
29 years$1,993$1,446$1,031$724$502$96
30 years$1,905$1,366$960$665$454$81
31 years$1,824$1,291$895$610$410$68
32 years$1,748$1,222$835$561$371$57
33 years$1,676$1,157$780$516$336$48
34 years$1,609$1,097$729$475$304$41
35 years$1,546$1,040$681$437$275$34
36 years$1,487$987$637$402$250$29
37 years$1,430$938$597$371$226$24
38 years$1,377$891$559$342$205$21
39 years$1,327$847$523$315$186$17
40 years$1,280$806$491$291$169$15
41 years$1,235$767$460$268$153$12
42 years$1,192$731$432$247$139$10
43 years$1,151$696$405$228$126$9
44 years$1,112$664$380$211$114$7
45 years$1,075$633$357$195$104$6
46 years$1,040$604$335$180$94$5
47 years$1,006$576$315$166$86$4
48 years$974$550$296$154$78$4
49 years$943$525$278$142$71$3
50 years$914$502$262$131$64$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $936,000, adding $6,021 every year, while hoping to spend $51,368 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: 69/21/10 Blend
53$936,000$936,000$936,000$936,000
54$1,037,683$988,075$973,567$1,106,792
55$1,088,871$981,835$951,526$1,147,177
56$1,143,559$973,568$927,025$1,184,552
57$1,202,050$963,120$899,928$1,224,074
58$1,264,674$950,329$870,091$1,265,945
59$1,331,797$935,021$837,365$1,310,388
60$1,403,817$917,014$801,594$1,357,651
61$1,481,173$896,114$762,614$1,408,007
62$1,564,346$872,117$720,254$1,461,760
63$1,653,863$844,804$674,337$1,519,244
64$1,750,304$813,947$624,674$1,580,831
65$1,854,306$779,302$571,072$1,646,932
66$1,966,569$740,611$513,327$1,718,000
67$2,087,861$697,603$451,225$1,794,540
68$2,219,027$649,990$384,545$1,877,105
69$2,360,996$597,467$313,055$1,966,313
70$2,514,787$539,713$236,512$2,062,843
71$2,681,524$476,387$154,664$2,167,447
72$2,862,440$407,131$67,246$2,280,959
73$3,058,892$331,564$0$2,404,297
74$3,272,374$249,285$0$2,541,259
75$3,504,528$159,872$0$2,698,027
76$3,757,160$62,876$0$2,868,694
77$4,032,258$0$0$3,054,668
78$4,332,011$0$0$3,267,247
79$4,658,824$0$0$3,514,908
80$5,015,348$0$0$3,785,133
81$5,404,500$0$0$4,080,141
82$5,829,489$0$0$4,402,370
83$6,293,849$0$0$4,754,507
84$6,801,471$0$0$5,139,510
85$7,356,639$0$0$5,560,634
86$7,964,068$0$0$6,021,465
87$8,628,953$0$0$6,525,951
88$9,357,011$0$0$7,078,439
89$10,154,539$0$0$7,683,716
90$11,028,474$0$0$8,347,054
91$11,986,453$0$0$9,074,260
92$13,036,887$0$0$9,871,729
93$14,189,042$0$0$10,746,505
94$15,453,121$0$0$11,706,346
95$16,840,367$0$0$12,759,796
96$18,363,158$0$0$13,916,270
97$20,035,134$0$0$15,186,136
98$21,871,318$0$0$16,580,816
99$23,888,260$0$0$18,112,892
100$26,104,190$0$0$19,796,227