Can I retire at age 54 with 938,000?

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 $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%12.8%
1 years$77,459$76,769$76,096$75,439$74,797$73,924
2 years$38,346$37,632$36,940$36,269$35,618$34,739
3 years$25,310$24,593$23,903$23,238$22,597$21,740
4 years$18,793$18,078$17,395$16,741$16,117$15,287
5 years$14,884$14,174$13,499$12,859$12,252$11,453
6 years$12,279$11,574$10,909$10,283$9,694$8,927
7 years$10,419$9,720$9,066$8,455$7,884$7,149
8 years$9,025$8,332$7,688$7,092$6,541$5,837
9 years$7,941$7,254$6,622$6,041$5,508$4,836
10 years$7,074$6,394$5,773$5,208$4,693$4,052
11 years$6,365$5,692$5,083$4,532$4,036$3,426
12 years$5,775$5,109$4,511$3,975$3,498$2,917
13 years$5,276$4,617$4,030$3,510$3,050$2,499
14 years$4,849$4,197$3,621$3,115$2,674$2,151
15 years$4,479$3,834$3,269$2,778$2,354$1,859
16 years$4,156$3,518$2,964$2,488$2,081$1,612
17 years$3,871$3,240$2,697$2,235$1,845$1,402
18 years$3,618$2,993$2,462$2,014$1,640$1,222
19 years$3,391$2,774$2,254$1,820$1,462$1,068
20 years$3,188$2,578$2,069$1,649$1,306$935
21 years$3,004$2,401$1,903$1,496$1,169$820
22 years$2,837$2,242$1,754$1,360$1,048$719
23 years$2,685$2,096$1,619$1,239$940$632
24 years$2,546$1,964$1,497$1,130$845$556
25 years$2,418$1,843$1,387$1,032$761$490
26 years$2,300$1,732$1,286$944$685$432
27 years$2,192$1,630$1,194$864$618$381
28 years$2,091$1,536$1,110$791$557$336
29 years$1,997$1,449$1,033$726$503$297
30 years$1,909$1,369$963$666$455$262
31 years$1,828$1,294$897$612$411$232
32 years$1,751$1,224$837$562$372$205
33 years$1,680$1,159$782$517$337$181
34 years$1,613$1,099$730$476$305$160
35 years$1,549$1,042$683$438$276$142
36 years$1,490$989$639$403$250$125
37 years$1,434$940$598$371$227$111
38 years$1,380$893$560$342$205$98
39 years$1,330$849$525$316$186$87
40 years$1,282$808$492$291$169$77
41 years$1,237$769$461$269$153$68
42 years$1,194$732$432$248$139$61
43 years$1,153$698$406$229$126$54
44 years$1,114$665$381$211$115$47
45 years$1,077$634$358$195$104$42
46 years$1,042$605$336$180$94$37
47 years$1,008$577$316$167$86$33
48 years$976$551$297$154$78$29
49 years$945$526$279$142$71$26
50 years$916$503$262$131$64$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $938,000, adding $5,001 every year, while hoping to spend $54,608 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: 45/50/5 Blend
53$938,000$938,000$938,000$938,000
54$1,038,835$989,121$974,582$1,083,941
55$1,086,693$979,485$949,128$1,105,865
56$1,137,603$967,547$920,991$1,123,528
57$1,191,818$953,136$890,023$1,141,390
58$1,249,616$936,072$856,071$1,159,488
59$1,311,300$916,163$818,973$1,177,862
60$1,377,204$893,206$778,560$1,196,564
61$1,447,693$866,987$734,656$1,215,653
62$1,523,167$837,279$687,076$1,235,199
63$1,604,066$803,842$635,629$1,255,284
64$1,690,870$766,420$580,112$1,276,003
65$1,784,109$724,745$520,317$1,297,466
66$1,884,363$678,532$456,022$1,319,801
67$1,992,269$627,481$386,999$1,343,154
68$2,108,525$571,272$313,009$1,367,692
69$2,233,901$509,571$233,800$1,393,607
70$2,369,239$442,020$149,113$1,421,119
71$2,515,468$368,245$58,675$1,450,475
72$2,673,605$287,849$0$1,481,959
73$2,844,772$200,413$0$1,517,910
74$3,030,199$105,494$0$1,560,144
75$3,231,241$2,624$0$1,605,953
76$3,449,386$0$0$1,655,816
77$3,686,271$0$0$1,770,074
78$3,943,697$0$0$1,895,907
79$4,223,646$0$0$2,032,850
80$4,528,296$0$0$2,181,984
81$4,860,047$0$0$2,344,496
82$5,221,538$0$0$2,521,693
83$5,615,672$0$0$2,715,013
84$6,045,646$0$0$2,926,038
85$6,514,978$0$0$3,156,512
86$7,027,542$0$0$3,408,353
87$7,587,601$0$0$3,683,673
88$8,199,847$0$0$3,984,797
89$8,869,450$0$0$4,314,285
90$9,602,098$0$0$4,674,957
91$10,404,058$0$0$5,069,917
92$11,282,227$0$0$5,502,584
93$12,244,204$0$0$5,976,722
94$13,298,355$0$0$6,496,477
95$14,453,895$0$0$7,066,416
96$15,720,971$0$0$7,691,570
97$17,110,762$0$0$8,377,477
98$18,635,579$0$0$9,130,239
99$20,308,981$0$0$9,956,578
100$22,145,907$0$0$10,863,898