Can I retire at age 54 with 939,000?

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 $939,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12%
1 years$77,542$76,851$76,177$75,519$74,877$74,250
2 years$38,387$37,672$36,979$36,307$35,656$35,023
3 years$25,337$24,619$23,928$23,263$22,622$22,004
4 years$18,813$18,098$17,413$16,759$16,134$15,536
5 years$14,900$14,189$13,514$12,873$12,265$11,688
6 years$12,292$11,586$10,921$10,294$9,705$9,149
7 years$10,430$9,730$9,075$8,464$7,892$7,359
8 years$9,034$8,340$7,697$7,100$6,548$6,037
9 years$7,949$7,262$6,629$6,048$5,514$5,025
10 years$7,082$6,401$5,779$5,213$4,698$4,231
11 years$6,372$5,698$5,088$4,537$4,041$3,595
12 years$5,781$5,115$4,516$3,979$3,502$3,077
13 years$5,282$4,622$4,034$3,513$3,053$2,649
14 years$4,854$4,201$3,625$3,119$2,677$2,292
15 years$4,484$3,838$3,273$2,781$2,357$1,992
16 years$4,160$3,521$2,967$2,490$2,083$1,737
17 years$3,875$3,243$2,700$2,238$1,847$1,519
18 years$3,621$2,997$2,465$2,017$1,642$1,332
19 years$3,395$2,777$2,256$1,822$1,464$1,170
20 years$3,191$2,581$2,071$1,650$1,307$1,030
21 years$3,007$2,404$1,905$1,498$1,170$909
22 years$2,840$2,244$1,756$1,362$1,049$803
23 years$2,688$2,099$1,621$1,240$941$710
24 years$2,549$1,966$1,499$1,131$846$628
25 years$2,421$1,845$1,388$1,033$761$557
26 years$2,303$1,734$1,288$945$686$494
27 years$2,194$1,632$1,196$865$618$438
28 years$2,093$1,538$1,112$792$558$389
29 years$1,999$1,451$1,034$726$504$346
30 years$1,911$1,370$964$667$455$308
31 years$1,830$1,295$898$612$412$274
32 years$1,753$1,226$838$563$372$244
33 years$1,682$1,161$783$517$337$217
34 years$1,614$1,100$731$476$305$193
35 years$1,551$1,043$684$438$276$172
36 years$1,491$990$639$404$250$153
37 years$1,435$941$599$372$227$137
38 years$1,382$894$561$343$206$122
39 years$1,331$850$525$316$187$109
40 years$1,284$809$492$292$169$97
41 years$1,238$770$462$269$153$86
42 years$1,195$733$433$248$139$77
43 years$1,155$699$406$229$126$69
44 years$1,116$666$381$212$115$61
45 years$1,079$635$358$195$104$55
46 years$1,043$606$336$180$95$49
47 years$1,009$578$316$167$86$44
48 years$977$552$297$154$78$39
49 years$946$527$279$142$71$35
50 years$917$503$262$132$64$31

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $939,000, adding $2,348 every year, while hoping to spend $20,114 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: 47/33/20 Blend
53$939,000$939,000$939,000$939,000
54$1,037,200$987,433$972,878$1,079,949
55$1,121,593$1,014,416$984,069$1,137,001
56$1,213,920$1,042,047$994,960$1,196,685
57$1,314,970$1,070,337$1,005,520$1,261,047
58$1,425,609$1,099,295$1,015,717$1,330,535
59$1,546,793$1,128,933$1,025,516$1,405,638
60$1,679,575$1,159,260$1,034,880$1,486,899
61$1,825,113$1,190,285$1,043,770$1,574,913
62$1,984,685$1,222,019$1,052,146$1,670,335
63$2,159,695$1,254,470$1,059,965$1,773,889
64$2,351,692$1,287,648$1,067,182$1,886,370
65$2,562,381$1,321,559$1,073,750$2,008,655
66$2,793,642$1,356,214$1,079,619$2,141,708
67$3,047,543$1,391,618$1,084,735$2,286,594
68$3,326,364$1,427,778$1,089,045$2,444,485
69$3,632,616$1,464,702$1,092,491$2,616,670
70$3,969,065$1,502,394$1,095,011$2,804,573
71$4,338,758$1,540,860$1,096,543$3,009,760
72$4,745,052$1,580,103$1,097,018$3,233,958
73$5,191,646$1,620,127$1,096,367$3,479,068
74$5,682,615$1,660,935$1,094,516$3,747,188
75$6,222,448$1,702,526$1,091,388$4,040,626
76$6,816,089$1,744,902$1,086,902$4,361,927
77$7,468,989$1,788,061$1,080,972$4,713,897
78$8,187,152$1,832,002$1,073,510$5,099,625
79$8,977,191$1,876,719$1,064,422$5,522,516
80$9,846,395$1,922,209$1,053,611$5,986,325
81$10,802,794$1,968,464$1,040,974$6,495,186
82$11,855,236$2,015,476$1,026,403$7,053,657
83$13,013,469$2,063,233$1,009,787$7,666,760
84$14,288,236$2,111,725$991,008$8,340,031
85$15,691,372$2,160,935$969,942$9,079,569
86$17,235,918$2,210,847$946,462$9,892,097
87$18,936,245$2,261,442$920,431$10,785,024
88$20,808,186$2,312,697$891,710$11,766,512
89$22,869,190$2,364,588$860,151$12,845,561
90$25,138,481$2,417,086$825,600$14,032,086
91$27,637,243$2,470,161$787,895$15,337,015
92$30,388,820$2,523,777$746,868$16,772,393
93$33,418,935$2,577,897$702,343$18,351,492
94$36,755,930$2,632,478$654,135$20,088,941
95$40,431,040$2,687,474$602,053$22,000,859
96$44,478,679$2,742,833$545,895$24,105,015
97$48,936,773$2,798,501$485,452$26,420,987
98$53,847,114$2,854,417$420,504$28,970,356
99$59,255,750$2,910,514$350,822$31,776,903
100$65,213,429$2,966,722$276,166$34,866,836