Can I retire at age 54 with 939,000?

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 $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%19%
1 years$77,542$76,851$76,177$75,519$74,877$72,163
2 years$38,387$37,672$36,979$36,307$35,656$32,951
3 years$25,337$24,619$23,928$23,263$22,622$20,011
4 years$18,813$18,098$17,413$16,759$16,134$13,638
5 years$14,900$14,189$13,514$12,873$12,265$9,890
6 years$12,292$11,586$10,921$10,294$9,705$7,453
7 years$10,430$9,730$9,075$8,464$7,892$5,763
8 years$9,034$8,340$7,697$7,100$6,548$4,538
9 years$7,949$7,262$6,629$6,048$5,514$3,622
10 years$7,082$6,401$5,779$5,213$4,698$2,921
11 years$6,372$5,698$5,088$4,537$4,041$2,374
12 years$5,781$5,115$4,516$3,979$3,502$1,941
13 years$5,282$4,622$4,034$3,513$3,053$1,595
14 years$4,854$4,201$3,625$3,119$2,677$1,316
15 years$4,484$3,838$3,273$2,781$2,357$1,089
16 years$4,160$3,521$2,967$2,490$2,083$904
17 years$3,875$3,243$2,700$2,238$1,847$752
18 years$3,621$2,997$2,465$2,017$1,642$626
19 years$3,395$2,777$2,256$1,822$1,464$522
20 years$3,191$2,581$2,071$1,650$1,307$436
21 years$3,007$2,404$1,905$1,498$1,170$365
22 years$2,840$2,244$1,756$1,362$1,049$305
23 years$2,688$2,099$1,621$1,240$941$256
24 years$2,549$1,966$1,499$1,131$846$214
25 years$2,421$1,845$1,388$1,033$761$179
26 years$2,303$1,734$1,288$945$686$151
27 years$2,194$1,632$1,196$865$618$126
28 years$2,093$1,538$1,112$792$558$106
29 years$1,999$1,451$1,034$726$504$89
30 years$1,911$1,370$964$667$455$75
31 years$1,830$1,295$898$612$412$63
32 years$1,753$1,226$838$563$372$53
33 years$1,682$1,161$783$517$337$44
34 years$1,614$1,100$731$476$305$37
35 years$1,551$1,043$684$438$276$31
36 years$1,491$990$639$404$250$26
37 years$1,435$941$599$372$227$22
38 years$1,382$894$561$343$206$18
39 years$1,331$850$525$316$187$16
40 years$1,284$809$492$292$169$13
41 years$1,238$770$462$269$153$11
42 years$1,195$733$433$248$139$9
43 years$1,155$699$406$229$126$8
44 years$1,116$666$381$212$115$7
45 years$1,079$635$358$195$104$5
46 years$1,043$606$336$180$95$5
47 years$1,009$578$316$167$86$4
48 years$977$552$297$154$78$3
49 years$946$527$279$142$71$3
50 years$917$503$262$132$64$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $939,000, adding $3,249 every year, while hoping to spend $41,589 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: 55/28/17 Blend
53$939,000$939,000$939,000$939,000
54$1,038,129$988,362$973,808$1,090,352
55$1,099,768$992,542$962,180$1,130,491
56$1,166,300$995,532$948,769$1,169,443
57$1,238,181$997,231$933,471$1,210,930
58$1,315,910$997,530$916,177$1,255,203
59$1,400,038$996,314$896,774$1,302,542
60$1,491,169$993,461$875,143$1,353,257
61$1,589,968$988,840$851,159$1,407,691
62$1,697,165$982,313$824,693$1,466,223
63$1,813,564$973,735$795,609$1,529,274
64$1,940,050$962,950$763,764$1,597,309
65$2,077,594$949,794$729,010$1,670,843
66$2,227,268$934,093$691,190$1,750,447
67$2,390,247$915,662$650,143$1,836,752
68$2,567,828$894,305$605,699$1,930,455
69$2,761,436$869,815$557,680$2,032,329
70$2,972,640$841,974$505,900$2,143,227
71$3,203,168$810,549$450,166$2,264,095
72$3,454,920$775,295$390,275$2,395,978
73$3,729,989$735,952$326,017$2,540,030
74$4,030,680$692,245$257,170$2,697,528
75$4,359,527$643,884$183,503$2,869,885
76$4,719,326$590,561$104,778$3,058,661
77$5,113,151$531,951$20,741$3,265,580
78$5,544,387$467,712$0$3,492,549
79$6,016,766$397,481$0$3,754,178
80$6,534,393$320,875$0$4,045,117
81$7,101,791$237,488$0$4,364,221
82$7,723,942$146,893$0$4,714,385
83$8,406,332$48,638$0$5,098,799
84$9,155,004$0$0$5,520,988
85$9,976,614$0$0$6,002,630
86$10,878,494$0$0$6,547,867
87$11,868,720$0$0$7,146,607
88$12,956,189$0$0$7,804,241
89$14,150,700$0$0$8,526,706
90$15,463,051$0$0$9,320,546
91$16,905,134$0$0$10,192,967
92$18,490,053$0$0$11,151,909
93$20,232,242$0$0$12,206,120
94$22,147,604$0$0$13,365,237
95$24,253,662$0$0$14,639,879
96$26,569,718$0$0$16,041,742
97$29,117,040$0$0$17,583,716
98$31,919,062$0$0$19,280,001
99$35,001,600$0$0$21,146,244
100$38,393,101$0$0$23,199,683