Can I retire at age 54 with 938,000?

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 $938,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.1%
1 years$77,459$76,769$76,096$75,439$74,797$72,636
2 years$38,346$37,632$36,940$36,269$35,618$33,457
3 years$25,310$24,593$23,903$23,238$22,597$20,506
4 years$18,793$18,078$17,395$16,741$16,117$14,110
5 years$14,884$14,174$13,499$12,859$12,252$10,335
6 years$12,279$11,574$10,909$10,283$9,694$7,869
7 years$10,419$9,720$9,066$8,455$7,884$6,151
8 years$9,025$8,332$7,688$7,092$6,541$4,899
9 years$7,941$7,254$6,622$6,041$5,508$3,956
10 years$7,074$6,394$5,773$5,208$4,693$3,228
11 years$6,365$5,692$5,083$4,532$4,036$2,656
12 years$5,775$5,109$4,511$3,975$3,498$2,199
13 years$5,276$4,617$4,030$3,510$3,050$1,831
14 years$4,849$4,197$3,621$3,115$2,674$1,530
15 years$4,479$3,834$3,269$2,778$2,354$1,284
16 years$4,156$3,518$2,964$2,488$2,081$1,080
17 years$3,871$3,240$2,697$2,235$1,845$911
18 years$3,618$2,993$2,462$2,014$1,640$770
19 years$3,391$2,774$2,254$1,820$1,462$651
20 years$3,188$2,578$2,069$1,649$1,306$552
21 years$3,004$2,401$1,903$1,496$1,169$468
22 years$2,837$2,242$1,754$1,360$1,048$398
23 years$2,685$2,096$1,619$1,239$940$338
24 years$2,546$1,964$1,497$1,130$845$288
25 years$2,418$1,843$1,387$1,032$761$245
26 years$2,300$1,732$1,286$944$685$208
27 years$2,192$1,630$1,194$864$618$178
28 years$2,091$1,536$1,110$791$557$151
29 years$1,997$1,449$1,033$726$503$129
30 years$1,909$1,369$963$666$455$110
31 years$1,828$1,294$897$612$411$94
32 years$1,751$1,224$837$562$372$80
33 years$1,680$1,159$782$517$337$68
34 years$1,613$1,099$730$476$305$58
35 years$1,549$1,042$683$438$276$50
36 years$1,490$989$639$403$250$42
37 years$1,434$940$598$371$227$36
38 years$1,380$893$560$342$205$31
39 years$1,330$849$525$316$186$26
40 years$1,282$808$492$291$169$23
41 years$1,237$769$461$269$153$19
42 years$1,194$732$432$248$139$16
43 years$1,153$698$406$229$126$14
44 years$1,114$665$381$211$115$12
45 years$1,077$634$358$195$104$10
46 years$1,042$605$336$180$94$9
47 years$1,008$577$316$167$86$7
48 years$976$551$297$154$78$6
49 years$945$526$279$142$71$5
50 years$916$503$262$131$64$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $938,000, adding $5,668 every year, while hoping to spend $49,290 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: 37/34/29 Blend
53$938,000$938,000$938,000$938,000
54$1,039,523$989,809$975,270$1,068,808
55$1,093,110$985,865$955,497$1,087,062
56$1,150,511$980,076$933,410$1,101,889
57$1,212,063$972,300$908,879$1,116,969
58$1,278,135$962,385$881,768$1,132,360
59$1,349,134$950,170$851,937$1,148,128
60$1,425,504$935,488$819,235$1,164,350
61$1,507,736$918,156$783,510$1,181,113
62$1,596,364$897,986$744,597$1,198,522
63$1,691,981$874,774$702,328$1,216,693
64$1,795,233$848,308$656,526$1,235,762
65$1,906,833$818,362$607,006$1,255,883
66$2,027,564$784,695$553,575$1,277,232
67$2,158,285$747,055$496,029$1,300,010
68$2,299,943$705,174$434,159$1,324,442
69$2,453,578$658,768$367,744$1,350,787
70$2,620,334$607,538$296,554$1,379,335
71$2,801,468$551,168$220,349$1,410,415
72$2,998,364$489,321$138,877$1,444,395
73$3,212,545$421,646$51,877$1,481,692
74$3,445,685$347,767$0$1,522,774
75$3,699,627$267,290$0$1,580,843
76$3,976,400$179,798$0$1,661,765
77$4,278,235$84,851$0$1,750,225
78$4,607,589$0$0$1,847,057
79$4,967,166$0$0$1,959,928
80$5,359,942$0$0$2,118,019
81$5,789,194$0$0$2,290,918
82$6,258,530$0$0$2,480,094
83$6,771,921$0$0$2,687,163
84$7,333,742$0$0$2,913,908
85$7,948,807$0$0$3,162,290
86$8,622,420$0$0$3,434,468
87$9,360,421$0$0$3,732,822
88$10,169,242$0$0$4,059,971
89$11,055,965$0$0$4,418,800
90$12,028,392$0$0$4,812,489
91$13,095,114$0$0$5,244,538
92$14,265,597$0$0$5,718,802
93$15,550,265$0$0$6,239,531
94$16,960,601$0$0$6,811,401
95$18,509,254$0$0$7,439,569
96$20,210,157$0$0$8,129,713
97$22,078,661$0$0$8,888,087
98$24,131,674$0$0$9,721,583
99$26,387,827$0$0$10,637,794
100$28,867,640$0$0$11,645,084