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%14.3%
1 years$77,542$76,851$76,177$75,519$74,877$73,546
2 years$38,387$37,672$36,979$36,307$35,656$34,319
3 years$25,337$24,619$23,928$23,263$22,622$21,321
4 years$18,813$18,098$17,413$16,759$16,134$14,880
5 years$14,900$14,189$13,514$12,873$12,265$11,060
6 years$12,292$11,586$10,921$10,294$9,705$8,551
7 years$10,430$9,730$9,075$8,464$7,892$6,791
8 years$9,034$8,340$7,697$7,100$6,548$5,497
9 years$7,949$7,262$6,629$6,048$5,514$4,514
10 years$7,082$6,401$5,779$5,213$4,698$3,748
11 years$6,372$5,698$5,088$4,537$4,041$3,139
12 years$5,781$5,115$4,516$3,979$3,502$2,648
13 years$5,282$4,622$4,034$3,513$3,053$2,246
14 years$4,854$4,201$3,625$3,119$2,677$1,914
15 years$4,484$3,838$3,273$2,781$2,357$1,637
16 years$4,160$3,521$2,967$2,490$2,083$1,405
17 years$3,875$3,243$2,700$2,238$1,847$1,209
18 years$3,621$2,997$2,465$2,017$1,642$1,043
19 years$3,395$2,777$2,256$1,822$1,464$901
20 years$3,191$2,581$2,071$1,650$1,307$780
21 years$3,007$2,404$1,905$1,498$1,170$676
22 years$2,840$2,244$1,756$1,362$1,049$587
23 years$2,688$2,099$1,621$1,240$941$510
24 years$2,549$1,966$1,499$1,131$846$443
25 years$2,421$1,845$1,388$1,033$761$386
26 years$2,303$1,734$1,288$945$686$336
27 years$2,194$1,632$1,196$865$618$293
28 years$2,093$1,538$1,112$792$558$255
29 years$1,999$1,451$1,034$726$504$223
30 years$1,911$1,370$964$667$455$194
31 years$1,830$1,295$898$612$412$170
32 years$1,753$1,226$838$563$372$148
33 years$1,682$1,161$783$517$337$129
34 years$1,614$1,100$731$476$305$113
35 years$1,551$1,043$684$438$276$99
36 years$1,491$990$639$404$250$86
37 years$1,435$941$599$372$227$75
38 years$1,382$894$561$343$206$66
39 years$1,331$850$525$316$187$58
40 years$1,284$809$492$292$169$50
41 years$1,238$770$462$269$153$44
42 years$1,195$733$433$248$139$39
43 years$1,155$699$406$229$126$34
44 years$1,116$666$381$212$115$29
45 years$1,079$635$358$195$104$26
46 years$1,043$606$336$180$95$23
47 years$1,009$578$316$167$86$20
48 years$977$552$297$154$78$17
49 years$946$527$279$142$71$15
50 years$917$503$262$132$64$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $939,000, adding $6,374 every year, while hoping to spend $24,474 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: 52/37/11 Blend
53$939,000$939,000$939,000$939,000
54$1,041,353$991,586$977,031$1,092,183
55$1,121,531$1,014,133$983,722$1,150,081
56$1,209,066$1,036,965$989,816$1,209,859
57$1,304,685$1,060,070$995,268$1,274,303
58$1,409,183$1,083,434$1,000,030$1,343,859
59$1,523,440$1,107,043$1,004,052$1,419,021
60$1,648,423$1,130,880$1,007,280$1,500,330
61$1,785,196$1,154,927$1,009,658$1,588,382
62$1,934,932$1,179,165$1,011,127$1,683,835
63$2,098,922$1,203,571$1,011,627$1,787,413
64$2,278,588$1,228,121$1,011,092$1,899,916
65$2,475,495$1,252,790$1,009,454$2,022,221
66$2,691,368$1,277,550$1,006,644$2,155,299
67$2,928,107$1,302,369$1,002,585$2,300,218
68$3,187,802$1,327,214$997,201$2,458,154
69$3,472,760$1,352,048$990,408$2,630,404
70$3,785,516$1,376,834$982,122$2,818,399
71$4,128,867$1,401,527$972,252$3,023,713
72$4,505,894$1,426,084$960,704$3,248,083
73$4,919,986$1,450,454$947,379$3,493,423
74$5,374,883$1,474,584$932,175$3,761,842
75$5,874,701$1,498,418$914,982$4,055,664
76$6,423,975$1,521,895$895,689$4,377,453
77$7,027,702$1,544,949$874,175$4,730,032
78$7,691,385$1,567,510$850,318$5,116,516
79$8,421,091$1,589,502$823,988$5,540,334
80$9,223,500$1,610,846$795,050$6,005,270
81$10,105,973$1,631,454$763,360$6,515,491
82$11,076,622$1,651,234$728,772$7,075,595
83$12,144,382$1,670,089$691,130$7,690,644
84$13,319,098$1,687,913$650,273$8,366,223
85$14,611,619$1,704,594$606,030$9,108,485
86$16,033,898$1,720,012$558,225$9,924,213
87$17,599,103$1,734,041$506,674$10,820,883
88$19,321,747$1,746,544$451,182$11,806,737
89$21,217,818$1,757,377$391,549$12,890,857
90$23,304,933$1,766,386$327,564$14,083,257
91$25,602,505$1,773,408$259,007$15,394,971
92$28,131,924$1,778,269$185,647$16,838,164
93$30,916,760$1,780,784$107,246$18,426,243
94$33,982,984$1,780,756$23,553$20,173,986
95$37,359,213$1,777,978$0$22,097,682
96$41,076,982$1,772,228$0$24,223,002
97$45,171,037$1,763,270$0$26,565,469
98$49,679,668$1,750,856$0$29,144,160
99$54,645,067$1,734,721$0$31,983,149
100$60,113,727$1,714,584$0$35,108,969