Can I retire at age 54 with 931,000?

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 $931,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.3%
1 years$76,881$76,196$75,528$74,876$74,239$72,036
2 years$38,060$37,351$36,664$35,998$35,352$33,150
3 years$25,121$24,409$23,724$23,064$22,429$20,298
4 years$18,653$17,943$17,265$16,617$15,996$13,953
5 years$14,773$14,068$13,398$12,763$12,160$10,209
6 years$12,188$11,487$10,828$10,207$9,622$7,765
7 years$10,341$9,647$8,998$8,392$7,825$6,063
8 years$8,957$8,269$7,631$7,039$6,492$4,823
9 years$7,882$7,200$6,573$5,996$5,467$3,889
10 years$7,021$6,346$5,730$5,169$4,658$3,170
11 years$6,318$5,650$5,045$4,498$4,006$2,605
12 years$5,732$5,071$4,477$3,946$3,472$2,154
13 years$5,237$4,583$4,000$3,483$3,027$1,791
14 years$4,813$4,166$3,594$3,092$2,654$1,495
15 years$4,446$3,805$3,245$2,758$2,337$1,252
16 years$4,125$3,491$2,942$2,469$2,065$1,052
17 years$3,842$3,215$2,677$2,219$1,831$886
18 years$3,591$2,971$2,444$1,999$1,628$747
19 years$3,366$2,754$2,237$1,807$1,451$632
20 years$3,164$2,559$2,053$1,636$1,296$534
21 years$2,982$2,383$1,889$1,485$1,160$453
22 years$2,816$2,225$1,741$1,350$1,040$384
23 years$2,665$2,081$1,607$1,230$933$326
24 years$2,527$1,950$1,486$1,121$839$277
25 years$2,400$1,830$1,377$1,024$755$235
26 years$2,283$1,720$1,277$936$680$200
27 years$2,175$1,618$1,186$857$613$170
28 years$2,075$1,525$1,102$785$553$145
29 years$1,982$1,439$1,026$720$499$123
30 years$1,895$1,359$955$661$451$105
31 years$1,814$1,284$891$607$408$89
32 years$1,738$1,215$831$558$369$76
33 years$1,667$1,151$776$513$334$65
34 years$1,601$1,091$725$472$302$55
35 years$1,538$1,035$678$435$274$47
36 years$1,479$982$634$400$248$40
37 years$1,423$933$593$369$225$34
38 years$1,370$886$556$340$204$29
39 years$1,320$843$521$313$185$25
40 years$1,273$802$488$289$168$21
41 years$1,228$763$458$267$152$18
42 years$1,185$727$429$246$138$15
43 years$1,145$693$403$227$125$13
44 years$1,106$660$378$210$114$11
45 years$1,069$630$355$194$103$9
46 years$1,034$601$333$179$94$8
47 years$1,001$573$313$165$85$7
48 years$969$547$294$153$77$6
49 years$938$522$277$141$70$5
50 years$909$499$260$130$64$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $931,000, adding $6,920 every year, while hoping to spend $41,183 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: 72/7/21 Blend
53$931,000$931,000$931,000$931,000
54$1,033,100$983,757$969,326$1,101,719
55$1,094,658$988,143$957,981$1,152,696
56$1,161,114$991,363$944,874$1,202,933
57$1,232,925$993,317$929,905$1,256,925
58$1,310,593$993,899$912,966$1,315,039
59$1,394,667$992,994$893,944$1,377,680
60$1,485,755$990,482$872,723$1,445,293
61$1,584,522$986,236$849,179$1,518,372
62$1,691,700$980,118$823,183$1,597,460
63$1,808,096$971,986$794,602$1,683,157
64$1,934,594$961,687$763,295$1,776,123
65$2,072,172$949,058$729,114$1,877,090
66$2,221,899$933,928$691,905$1,986,861
67$2,384,958$916,115$651,509$2,106,326
68$2,562,646$895,427$607,757$2,236,464
69$2,756,392$871,660$560,473$2,378,356
70$2,967,770$844,597$509,475$2,533,195
71$3,198,511$814,010$454,570$2,702,296
72$3,450,520$779,657$395,559$2,887,110
73$3,725,895$741,283$332,232$3,089,238
74$4,026,946$698,616$264,372$3,310,445
75$4,356,217$651,370$191,751$3,552,680
76$4,716,506$599,242$114,129$3,818,089
77$5,110,898$541,913$31,261$4,109,042
78$5,542,786$479,044$0$4,428,152
79$6,015,911$410,277$0$4,791,111
80$6,534,388$335,235$0$5,196,595
81$7,102,753$253,520$0$5,641,159
82$7,726,001$164,708$0$6,128,735
83$8,409,630$68,356$0$6,663,654
84$9,159,700$0$0$7,250,689
85$9,982,885$0$0$7,897,870
86$10,886,534$0$0$8,614,139
87$11,878,746$0$0$9,400,653
88$12,968,439$0$0$10,264,491
89$14,165,440$0$0$11,213,446
90$15,480,573$0$0$12,256,107
91$16,925,763$0$0$13,401,934
92$18,514,147$0$0$14,661,351
93$20,260,198$0$0$16,045,839
94$22,179,860$0$0$17,568,049
95$24,290,701$0$0$19,241,919
96$26,612,075$0$0$21,082,805
97$29,165,308$0$0$23,107,624
98$31,973,891$0$0$25,335,018
99$35,063,713$0$0$27,785,524
100$38,463,294$0$0$30,481,772