Can I retire at age 54 with 937,000?

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 $937,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.7%
1 years$77,377$76,687$76,015$75,359$74,718$74,185
2 years$38,305$37,592$36,900$36,230$35,580$35,042
3 years$25,283$24,567$23,877$23,213$22,573$22,048
4 years$18,773$18,059$17,376$16,724$16,099$15,590
5 years$14,869$14,159$13,485$12,845$12,239$11,747
6 years$12,266$11,562$10,898$10,273$9,684$9,211
7 years$10,408$9,709$9,056$8,446$7,876$7,421
8 years$9,015$8,323$7,680$7,085$6,534$6,098
9 years$7,932$7,246$6,615$6,035$5,502$5,085
10 years$7,067$6,387$5,767$5,202$4,688$4,289
11 years$6,359$5,686$5,077$4,527$4,032$3,651
12 years$5,769$5,104$4,506$3,971$3,494$3,131
13 years$5,271$4,612$4,026$3,506$3,047$2,701
14 years$4,844$4,192$3,617$3,112$2,671$2,341
15 years$4,474$3,830$3,266$2,775$2,352$2,039
16 years$4,151$3,514$2,961$2,485$2,078$1,781
17 years$3,866$3,236$2,694$2,233$1,843$1,561
18 years$3,614$2,990$2,460$2,012$1,639$1,372
19 years$3,388$2,771$2,252$1,818$1,460$1,208
20 years$3,185$2,575$2,066$1,647$1,305$1,066
21 years$3,001$2,399$1,901$1,495$1,167$942
22 years$2,834$2,239$1,752$1,359$1,046$834
23 years$2,682$2,094$1,617$1,238$939$739
24 years$2,543$1,962$1,496$1,129$844$656
25 years$2,416$1,841$1,386$1,031$760$583
26 years$2,298$1,731$1,285$943$684$518
27 years$2,189$1,629$1,193$863$617$461
28 years$2,088$1,535$1,109$790$557$410
29 years$1,995$1,448$1,032$725$503$365
30 years$1,907$1,367$962$665$454$326
31 years$1,826$1,293$896$611$411$291
32 years$1,750$1,223$836$561$371$259
33 years$1,678$1,158$781$516$336$231
34 years$1,611$1,098$730$475$304$206
35 years$1,548$1,041$682$437$276$184
36 years$1,488$988$638$403$250$165
37 years$1,432$939$597$371$226$147
38 years$1,379$892$559$342$205$132
39 years$1,329$848$524$315$186$118
40 years$1,281$807$491$291$169$105
41 years$1,236$768$461$268$153$94
42 years$1,193$732$432$248$139$84
43 years$1,152$697$405$229$126$75
44 years$1,113$664$381$211$114$67
45 years$1,076$634$357$195$104$60
46 years$1,041$604$336$180$94$54
47 years$1,007$577$315$166$86$48
48 years$975$551$296$154$78$43
49 years$944$526$278$142$71$39
50 years$915$502$262$131$64$34

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $937,000, adding $3,119 every year, while hoping to spend $40,524 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: 49/22/29 Blend
53$937,000$937,000$937,000$937,000
54$1,035,791$986,130$971,607$1,077,864
55$1,098,325$991,333$961,038$1,112,930
56$1,165,878$995,433$948,758$1,146,768
57$1,238,922$998,333$934,665$1,182,754
58$1,317,970$999,930$918,654$1,221,111
59$1,403,591$1,000,114$900,617$1,262,086
60$1,496,408$998,770$880,438$1,305,955
61$1,597,105$995,774$857,997$1,353,025
62$1,706,438$990,996$833,168$1,403,633
63$1,825,236$984,295$805,820$1,458,157
64$1,954,410$975,526$775,815$1,517,015
65$2,094,965$964,531$743,010$1,580,668
66$2,248,004$951,146$707,253$1,649,631
67$2,414,742$935,194$668,389$1,724,471
68$2,596,518$916,490$626,251$1,805,820
69$2,794,801$894,837$580,670$1,894,374
70$3,011,213$870,027$531,464$1,990,906
71$3,247,537$841,837$478,448$2,096,273
72$3,505,734$810,036$421,425$2,211,422
73$3,787,967$774,376$360,190$2,337,401
74$4,096,613$734,594$294,530$2,475,372
75$4,434,294$690,415$224,223$2,626,617
76$4,803,892$641,545$149,034$2,792,557
77$5,208,584$587,676$68,722$2,974,764
78$5,651,867$528,480$0$3,174,974
79$6,137,594$463,612$0$3,400,364
80$6,670,006$392,706$0$3,670,836
81$7,253,774$315,377$0$3,967,538
82$7,894,045$231,217$0$4,293,151
83$8,596,486$139,794$0$4,650,638
84$9,367,340$40,656$0$5,043,262
85$10,213,481$0$0$5,474,625
86$11,142,485$0$0$5,964,842
87$12,162,696$0$0$6,514,101
88$13,283,303$0$0$7,117,521
89$14,514,433$0$0$7,780,568
90$15,867,240$0$0$8,509,263
91$17,354,011$0$0$9,310,240
92$18,988,285$0$0$10,190,807
93$20,784,976$0$0$11,159,016
94$22,760,516$0$0$12,223,738
95$24,933,009$0$0$13,394,746
96$27,322,399$0$0$14,682,809
97$29,950,664$0$0$16,099,791
98$32,842,015$0$0$17,658,764
99$36,023,129$0$0$19,374,132
100$39,523,402$0$0$21,261,763