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%19%
1 years$77,377$76,687$76,015$75,359$74,718$72,009
2 years$38,305$37,592$36,900$36,230$35,580$32,881
3 years$25,283$24,567$23,877$23,213$22,573$19,969
4 years$18,773$18,059$17,376$16,724$16,099$13,609
5 years$14,869$14,159$13,485$12,845$12,239$9,869
6 years$12,266$11,562$10,898$10,273$9,684$7,437
7 years$10,408$9,709$9,056$8,446$7,876$5,750
8 years$9,015$8,323$7,680$7,085$6,534$4,528
9 years$7,932$7,246$6,615$6,035$5,502$3,614
10 years$7,067$6,387$5,767$5,202$4,688$2,914
11 years$6,359$5,686$5,077$4,527$4,032$2,368
12 years$5,769$5,104$4,506$3,971$3,494$1,937
13 years$5,271$4,612$4,026$3,506$3,047$1,592
14 years$4,844$4,192$3,617$3,112$2,671$1,313
15 years$4,474$3,830$3,266$2,775$2,352$1,087
16 years$4,151$3,514$2,961$2,485$2,078$902
17 years$3,866$3,236$2,694$2,233$1,843$750
18 years$3,614$2,990$2,460$2,012$1,639$625
19 years$3,388$2,771$2,252$1,818$1,460$521
20 years$3,185$2,575$2,066$1,647$1,305$435
21 years$3,001$2,399$1,901$1,495$1,167$364
22 years$2,834$2,239$1,752$1,359$1,046$305
23 years$2,682$2,094$1,617$1,238$939$255
24 years$2,543$1,962$1,496$1,129$844$214
25 years$2,416$1,841$1,386$1,031$760$179
26 years$2,298$1,731$1,285$943$684$150
27 years$2,189$1,629$1,193$863$617$126
28 years$2,088$1,535$1,109$790$557$106
29 years$1,995$1,448$1,032$725$503$89
30 years$1,907$1,367$962$665$454$74
31 years$1,826$1,293$896$611$411$63
32 years$1,750$1,223$836$561$371$53
33 years$1,678$1,158$781$516$336$44
34 years$1,611$1,098$730$475$304$37
35 years$1,548$1,041$682$437$276$31
36 years$1,488$988$638$403$250$26
37 years$1,432$939$597$371$226$22
38 years$1,379$892$559$342$205$18
39 years$1,329$848$524$315$186$15
40 years$1,281$807$491$291$169$13
41 years$1,236$768$461$268$153$11
42 years$1,193$732$432$248$139$9
43 years$1,152$697$405$229$126$8
44 years$1,113$664$381$211$114$6
45 years$1,076$634$357$195$104$5
46 years$1,041$604$336$180$94$5
47 years$1,007$577$315$166$86$4
48 years$975$551$296$154$78$3
49 years$944$526$278$142$71$3
50 years$915$502$262$131$64$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $937,000, adding $6,264 every year, while hoping to spend $46,115 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: 27/49/24 Blend
53$937,000$937,000$937,000$937,000
54$1,039,035$989,374$974,851$1,059,120
55$1,095,951$988,788$958,442$1,074,992
56$1,157,126$986,627$939,939$1,087,586
57$1,222,947$982,766$919,221$1,100,142
58$1,293,838$977,071$896,164$1,112,686
59$1,370,262$969,401$870,639$1,125,253
60$1,452,733$959,605$842,509$1,137,883
61$1,541,811$947,524$811,632$1,150,626
62$1,638,112$932,990$777,859$1,163,543
63$1,742,317$915,823$741,034$1,176,705
64$1,855,169$895,835$700,995$1,190,195
65$1,977,489$872,824$657,571$1,204,113
66$2,110,178$846,577$610,585$1,218,573
67$2,254,227$816,871$559,850$1,233,710
68$2,410,727$783,466$505,174$1,249,676
69$2,580,877$746,112$446,353$1,266,650
70$2,765,996$704,541$383,176$1,284,834
71$2,967,537$658,472$315,421$1,304,461
72$3,187,096$607,607$242,857$1,325,797
73$3,426,431$551,631$165,245$1,349,141
74$3,687,477$490,212$82,331$1,374,838
75$3,972,364$422,996$0$1,403,273
76$4,283,435$349,613$0$1,436,463
77$4,623,271$269,670$0$1,495,928
78$4,994,713$182,752$0$1,561,193
79$5,400,888$88,421$0$1,632,965
80$5,845,238$0$0$1,712,028
81$6,331,557$0$0$1,806,694
82$6,864,019$0$0$1,962,691
83$7,447,220$0$0$2,133,709
84$8,086,225$0$0$2,321,251
85$8,786,610$0$0$2,526,974
86$9,554,514$0$0$2,752,704
87$10,396,703$0$0$3,000,449
88$11,320,625$0$0$3,272,424
89$12,334,485$0$0$3,571,066
90$13,447,324$0$0$3,899,064
91$14,669,095$0$0$4,259,375
92$16,010,767$0$0$4,655,260
93$17,484,420$0$0$5,090,310
94$19,103,363$0$0$5,568,483
95$20,882,257$0$0$6,094,136
96$22,837,255$0$0$6,672,072
97$24,986,150$0$0$7,307,582
98$27,348,547$0$0$8,006,495
99$29,946,043$0$0$8,775,234
100$32,802,435$0$0$9,620,875