Can I retire at age 54 with 936,000?

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 $936,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17%
1 years$77,294$76,606$75,934$75,278$74,638$72,510
2 years$38,264$37,552$36,861$36,191$35,542$33,415
3 years$25,256$24,540$23,852$23,188$22,549$20,490
4 years$18,753$18,040$17,358$16,706$16,082$14,106
5 years$14,853$14,143$13,470$12,832$12,226$10,337
6 years$12,253$11,549$10,886$10,262$9,674$7,876
7 years$10,397$9,699$9,046$8,437$7,867$6,160
8 years$9,006$8,314$7,672$7,077$6,527$4,908
9 years$7,924$7,239$6,608$6,028$5,496$3,966
10 years$7,059$6,381$5,761$5,196$4,683$3,238
11 years$6,352$5,680$5,072$4,522$4,028$2,666
12 years$5,763$5,098$4,501$3,967$3,490$2,209
13 years$5,265$4,607$4,021$3,502$3,044$1,840
14 years$4,839$4,188$3,613$3,109$2,668$1,539
15 years$4,470$3,826$3,262$2,772$2,349$1,292
16 years$4,147$3,510$2,958$2,482$2,076$1,088
17 years$3,862$3,233$2,691$2,230$1,841$918
18 years$3,610$2,987$2,457$2,010$1,637$776
19 years$3,384$2,768$2,249$1,816$1,459$657
20 years$3,181$2,573$2,064$1,645$1,303$558
21 years$2,998$2,396$1,899$1,493$1,166$473
22 years$2,831$2,237$1,750$1,357$1,045$402
23 years$2,680$2,092$1,616$1,236$938$342
24 years$2,541$1,960$1,494$1,128$843$291
25 years$2,413$1,839$1,384$1,030$759$248
26 years$2,296$1,729$1,284$942$684$212
27 years$2,187$1,627$1,192$862$616$180
28 years$2,086$1,533$1,108$790$556$154
29 years$1,993$1,446$1,031$724$502$131
30 years$1,905$1,366$960$665$454$112
31 years$1,824$1,291$895$610$410$96
32 years$1,748$1,222$835$561$371$82
33 years$1,676$1,157$780$516$336$70
34 years$1,609$1,097$729$475$304$60
35 years$1,546$1,040$681$437$275$51
36 years$1,487$987$637$402$250$43
37 years$1,430$938$597$371$226$37
38 years$1,377$891$559$342$205$32
39 years$1,327$847$523$315$186$27
40 years$1,280$806$491$291$169$23
41 years$1,235$767$460$268$153$20
42 years$1,192$731$432$247$139$17
43 years$1,151$696$405$228$126$14
44 years$1,112$664$380$211$114$12
45 years$1,075$633$357$195$104$11
46 years$1,040$604$335$180$94$9
47 years$1,006$576$315$166$86$8
48 years$974$550$296$154$78$7
49 years$943$525$278$142$71$6
50 years$914$502$262$131$64$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $936,000, adding $3,934 every year, while hoping to spend $52,717 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: 54/38/8 Blend
53$936,000$936,000$936,000$936,000
54$1,035,530$985,922$971,414$1,089,238
55$1,085,063$978,142$947,866$1,118,260
56$1,137,883$968,213$921,762$1,143,711
57$1,194,267$955,976$892,961$1,170,144
58$1,254,522$941,259$861,316$1,197,661
59$1,318,985$923,882$826,671$1,226,378
60$1,388,022$903,653$788,865$1,256,424
61$1,462,038$880,369$747,730$1,287,945
62$1,541,475$853,817$703,088$1,321,104
63$1,626,820$823,768$654,756$1,356,084
64$1,718,605$789,983$602,540$1,393,092
65$1,817,417$752,206$546,239$1,432,358
66$1,923,899$710,169$485,643$1,474,140
67$2,038,756$663,587$420,532$1,518,727
68$2,162,765$612,159$350,676$1,566,442
69$2,296,779$555,566$275,835$1,617,647
70$2,441,735$493,473$195,760$1,672,743
71$2,598,663$425,524$110,189$1,732,182
72$2,768,695$351,344$18,849$1,796,465
73$2,953,077$270,535$0$1,866,151
74$3,153,179$182,679$0$1,948,576
75$3,370,505$87,333$0$2,039,876
76$3,606,714$0$0$2,139,239
77$3,863,627$0$0$2,254,233
78$4,143,250$0$0$2,419,215
79$4,447,788$0$0$2,598,980
80$4,779,670$0$0$2,794,970
81$5,141,568$0$0$3,008,775
82$5,536,422$0$0$3,242,142
83$5,967,469$0$0$3,496,997
84$6,438,272$0$0$3,775,457
85$6,952,754$0$0$4,079,856
86$7,515,233$0$0$4,412,763
87$8,130,464$0$0$4,777,003
88$8,803,682$0$0$5,175,691
89$9,540,651$0$0$5,612,256
90$10,347,719$0$0$6,090,473
91$11,231,877$0$0$6,614,499
92$12,200,823$0$0$7,188,914
93$13,263,035$0$0$7,818,761
94$14,427,851$0$0$8,509,595
95$15,705,556$0$0$9,267,534
96$17,107,477$0$0$10,099,315
97$18,646,094$0$0$11,012,364
98$20,335,149$0$0$12,014,855
99$22,189,783$0$0$13,115,796
100$24,226,674$0$0$14,325,108