Can I retire at age 54 with 937,000?

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 $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%15%
1 years$77,377$76,687$76,015$75,359$74,718$73,179
2 years$38,305$37,592$36,900$36,230$35,580$34,037
3 years$25,283$24,567$23,877$23,213$22,573$21,074
4 years$18,773$18,059$17,376$16,724$16,099$14,655
5 years$14,869$14,159$13,485$12,845$12,239$10,854
6 years$12,266$11,562$10,898$10,273$9,684$8,360
7 years$10,408$9,709$9,056$8,446$7,876$6,612
8 years$9,015$8,323$7,680$7,085$6,534$5,331
9 years$7,932$7,246$6,615$6,035$5,502$4,360
10 years$7,067$6,387$5,767$5,202$4,688$3,604
11 years$6,359$5,686$5,077$4,527$4,032$3,005
12 years$5,769$5,104$4,506$3,971$3,494$2,523
13 years$5,271$4,612$4,026$3,506$3,047$2,130
14 years$4,844$4,192$3,617$3,112$2,671$1,807
15 years$4,474$3,830$3,266$2,775$2,352$1,538
16 years$4,151$3,514$2,961$2,485$2,078$1,313
17 years$3,866$3,236$2,694$2,233$1,843$1,125
18 years$3,614$2,990$2,460$2,012$1,639$965
19 years$3,388$2,771$2,252$1,818$1,460$830
20 years$3,185$2,575$2,066$1,647$1,305$714
21 years$3,001$2,399$1,901$1,495$1,167$616
22 years$2,834$2,239$1,752$1,359$1,046$532
23 years$2,682$2,094$1,617$1,238$939$459
24 years$2,543$1,962$1,496$1,129$844$397
25 years$2,416$1,841$1,386$1,031$760$344
26 years$2,298$1,731$1,285$943$684$298
27 years$2,189$1,629$1,193$863$617$258
28 years$2,088$1,535$1,109$790$557$224
29 years$1,995$1,448$1,032$725$503$194
30 years$1,907$1,367$962$665$454$168
31 years$1,826$1,293$896$611$411$146
32 years$1,750$1,223$836$561$371$127
33 years$1,678$1,158$781$516$336$110
34 years$1,611$1,098$730$475$304$96
35 years$1,548$1,041$682$437$276$83
36 years$1,488$988$638$403$250$72
37 years$1,432$939$597$371$226$63
38 years$1,379$892$559$342$205$54
39 years$1,329$848$524$315$186$47
40 years$1,281$807$491$291$169$41
41 years$1,236$768$461$268$153$36
42 years$1,193$732$432$248$139$31
43 years$1,152$697$405$229$126$27
44 years$1,113$664$381$211$114$23
45 years$1,076$634$357$195$104$20
46 years$1,041$604$336$180$94$18
47 years$1,007$577$315$166$86$15
48 years$975$551$296$154$78$13
49 years$944$526$278$142$71$12
50 years$915$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 $937,000, adding $2,418 every year, while hoping to spend $58,125 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: 39/37/24 Blend
53$937,000$937,000$937,000$937,000
54$1,035,068$985,407$970,884$1,067,971
55$1,078,801$971,848$941,564$1,078,474
56$1,125,046$955,675$909,313$1,084,202
57$1,173,998$936,701$873,973$1,089,243
58$1,225,871$914,725$835,377$1,093,570
59$1,280,897$889,533$793,349$1,097,158
60$1,339,330$860,902$747,708$1,099,983
61$1,401,448$828,593$698,263$1,102,026
62$1,467,556$792,355$644,815$1,103,270
63$1,537,987$751,920$587,156$1,103,704
64$1,613,105$707,007$525,068$1,103,321
65$1,693,309$657,318$458,326$1,102,120
66$1,779,038$602,538$386,691$1,100,110
67$1,870,771$542,333$309,916$1,097,305
68$1,969,034$476,352$227,743$1,093,732
69$2,074,405$404,223$139,902$1,089,426
70$2,187,516$325,551$46,110$1,084,439
71$2,309,063$239,923$0$1,078,834
72$2,439,807$146,899$0$1,086,517
73$2,580,587$46,017$0$1,107,265
74$2,732,321$0$0$1,129,462
75$2,896,021$0$0$1,179,078
76$3,072,796$0$0$1,252,987
77$3,263,866$0$0$1,332,974
78$3,470,570$0$0$1,419,614
79$3,694,382$0$0$1,513,537
80$3,936,923$0$0$1,615,438
81$4,199,973$0$0$1,726,079
82$4,485,490$0$0$1,846,301
83$4,795,629$0$0$1,977,026
84$5,132,761$0$0$2,119,271
85$5,499,491$0$0$2,274,154
86$5,898,687$0$0$2,442,904
87$6,333,507$0$0$2,626,876
88$6,807,423$0$0$2,827,558
89$7,324,257$0$0$3,046,592
90$7,888,216$0$0$3,285,781
91$8,503,930$0$0$3,547,114
92$9,176,498$0$0$3,832,777
93$9,911,530$0$0$4,145,180
94$10,715,205$0$0$4,486,974
95$11,594,325$0$0$4,861,078
96$12,556,379$0$0$5,270,709
97$13,609,616$0$0$5,719,407
98$14,763,115$0$0$6,211,072
99$16,026,879$0$0$6,749,997
100$17,411,922$0$0$7,340,912