Can I retire at age 54 with 934,000?

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 $934,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.9%
1 years$77,129$76,442$75,772$75,117$74,478$72,975
2 years$38,183$37,471$36,782$36,114$35,466$33,958
3 years$25,202$24,488$23,801$23,139$22,501$21,035
4 years$18,713$18,001$17,321$16,670$16,048$14,636
5 years$14,821$14,113$13,442$12,804$12,199$10,845
6 years$12,227$11,525$10,863$10,240$9,653$8,357
7 years$10,375$9,678$9,027$8,419$7,850$6,614
8 years$8,986$8,296$7,656$7,062$6,513$5,336
9 years$7,907$7,223$6,594$6,015$5,485$4,366
10 years$7,044$6,367$5,749$5,185$4,673$3,612
11 years$6,338$5,668$5,061$4,513$4,019$3,014
12 years$5,751$5,087$4,492$3,958$3,483$2,532
13 years$5,254$4,597$4,013$3,495$3,037$2,139
14 years$4,828$4,179$3,606$3,102$2,662$1,815
15 years$4,460$3,818$3,255$2,767$2,344$1,546
16 years$4,138$3,503$2,951$2,477$2,072$1,321
17 years$3,854$3,226$2,686$2,226$1,837$1,132
18 years$3,602$2,981$2,452$2,006$1,633$972
19 years$3,377$2,763$2,244$1,812$1,456$837
20 years$3,174$2,567$2,060$1,641$1,300$721
21 years$2,991$2,391$1,895$1,490$1,164$622
22 years$2,825$2,232$1,746$1,355$1,043$537
23 years$2,674$2,088$1,612$1,234$936$465
24 years$2,535$1,956$1,491$1,125$842$402
25 years$2,408$1,836$1,381$1,028$757$348
26 years$2,291$1,725$1,281$940$682$302
27 years$2,182$1,624$1,189$860$615$262
28 years$2,082$1,530$1,106$788$555$227
29 years$1,988$1,443$1,029$723$501$197
30 years$1,901$1,363$958$663$453$171
31 years$1,820$1,288$894$609$409$149
32 years$1,744$1,219$834$560$370$129
33 years$1,673$1,155$778$515$335$112
34 years$1,606$1,094$727$474$303$98
35 years$1,543$1,038$680$436$275$85
36 years$1,483$985$636$401$249$74
37 years$1,427$936$595$370$226$64
38 years$1,374$889$558$341$205$56
39 years$1,324$846$522$314$186$49
40 years$1,277$804$490$290$168$42
41 years$1,232$766$459$268$153$37
42 years$1,189$729$431$247$139$32
43 years$1,148$695$404$228$126$28
44 years$1,110$662$379$210$114$24
45 years$1,073$632$356$194$104$21
46 years$1,038$603$335$180$94$18
47 years$1,004$575$314$166$85$16
48 years$972$549$295$153$78$14
49 years$941$524$278$142$70$12
50 years$912$501$261$131$64$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $934,000, adding $6,454 every year, while hoping to spend $43,305 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: 54/17/29 Blend
53$934,000$934,000$934,000$934,000
54$1,035,925$986,423$971,946$1,083,187
55$1,095,513$988,682$958,430$1,118,855
56$1,159,728$989,600$943,010$1,152,716
57$1,228,996$989,065$925,576$1,188,725
58$1,303,784$986,961$906,014$1,227,105
59$1,384,609$983,160$884,204$1,268,103
60$1,472,034$977,530$860,019$1,311,996
61$1,566,681$969,929$833,330$1,359,088
62$1,669,235$960,207$803,999$1,409,719
63$1,780,445$948,206$771,881$1,464,263
64$1,901,139$933,756$736,828$1,523,139
65$2,032,225$916,680$698,681$1,586,808
66$2,174,702$896,788$657,278$1,655,781
67$2,329,671$873,880$612,446$1,730,627
68$2,498,341$847,743$564,006$1,811,974
69$2,682,043$818,154$511,771$1,900,518
70$2,882,242$784,874$455,546$1,997,030
71$3,100,550$747,652$395,126$2,102,363
72$3,338,742$706,223$330,299$2,217,463
73$3,598,770$660,304$260,840$2,343,374
74$3,882,784$609,599$186,518$2,481,253
75$4,193,152$553,793$107,090$2,632,380
76$4,532,478$492,554$22,302$2,798,171
77$4,903,632$425,530$0$2,980,190
78$5,309,772$352,350$0$3,201,267
79$5,754,376$272,623$0$3,450,953
80$6,241,275$185,933$0$3,724,545
81$6,774,685$91,845$0$4,024,475
82$7,359,253$0$0$4,353,422
83$8,000,094$0$0$4,716,234
84$8,702,841$0$0$5,133,025
85$9,473,701$0$0$5,590,304
86$10,319,509$0$0$6,092,137
87$11,247,793$0$0$6,643,003
88$12,266,846$0$0$7,247,835
89$13,385,804$0$0$7,912,069
90$14,614,729$0$0$8,641,691
91$15,964,707$0$0$9,443,296
92$17,447,951$0$0$10,324,149
93$19,077,912$0$0$11,292,255
94$20,869,413$0$0$12,356,432
95$22,838,782$0$0$13,526,394
96$25,004,009$0$0$14,812,845
97$27,384,912$0$0$16,227,577
98$30,003,328$0$0$17,783,582
99$32,883,315$0$0$19,495,174
100$36,051,379$0$0$21,378,126