Can I retire at age 54 with 943,000?

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 $943,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12%
1 years$77,872$77,178$76,502$75,841$75,196$74,566
2 years$38,551$37,833$37,137$36,462$35,808$35,173
3 years$25,445$24,724$24,030$23,362$22,718$22,098
4 years$18,894$18,175$17,488$16,831$16,203$15,602
5 years$14,964$14,249$13,571$12,928$12,317$11,737
6 years$12,345$11,636$10,967$10,338$9,746$9,188
7 years$10,475$9,772$9,114$8,500$7,926$7,391
8 years$9,073$8,376$7,729$7,130$6,575$6,062
9 years$7,983$7,293$6,657$6,073$5,537$5,047
10 years$7,112$6,428$5,804$5,235$4,718$4,249
11 years$6,399$5,723$5,110$4,556$4,058$3,610
12 years$5,806$5,136$4,535$3,996$3,516$3,090
13 years$5,305$4,642$4,052$3,528$3,066$2,660
14 years$4,875$4,219$3,640$3,132$2,688$2,302
15 years$4,503$3,854$3,287$2,793$2,367$2,000
16 years$4,178$3,536$2,980$2,501$2,092$1,744
17 years$3,891$3,257$2,712$2,247$1,855$1,525
18 years$3,637$3,009$2,475$2,025$1,649$1,338
19 years$3,409$2,789$2,266$1,830$1,470$1,175
20 years$3,205$2,592$2,080$1,657$1,313$1,035
21 years$3,020$2,414$1,913$1,504$1,175$913
22 years$2,853$2,254$1,763$1,368$1,053$806
23 years$2,700$2,108$1,628$1,245$945$713
24 years$2,560$1,975$1,505$1,136$850$631
25 years$2,431$1,853$1,394$1,037$765$559
26 years$2,313$1,742$1,293$949$689$496
27 years$2,203$1,639$1,201$868$621$440
28 years$2,102$1,545$1,116$795$560$391
29 years$2,007$1,457$1,039$729$506$347
30 years$1,920$1,376$968$669$457$309
31 years$1,837$1,301$902$615$413$275
32 years$1,761$1,231$842$565$374$245
33 years$1,689$1,166$786$520$338$218
34 years$1,621$1,105$734$478$306$194
35 years$1,558$1,048$687$440$277$173
36 years$1,498$995$642$405$251$154
37 years$1,441$945$601$373$228$137
38 years$1,388$898$563$344$207$122
39 years$1,337$854$527$317$187$109
40 years$1,289$812$494$293$170$97
41 years$1,244$773$464$270$154$87
42 years$1,201$736$435$249$140$77
43 years$1,160$702$408$230$127$69
44 years$1,120$669$383$212$115$62
45 years$1,083$638$360$196$105$55
46 years$1,048$608$338$181$95$49
47 years$1,014$581$317$167$86$44
48 years$981$554$298$155$78$39
49 years$950$529$280$143$71$35
50 years$921$506$263$132$65$31

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $943,000, adding $3,084 every year, while hoping to spend $29,205 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: 46/41/13 Blend
53$943,000$943,000$943,000$943,000
54$1,042,367$992,388$977,772$1,086,354
55$1,117,615$1,009,941$979,453$1,134,719
56$1,199,559$1,027,376$980,212$1,183,928
57$1,288,851$1,044,655$979,987$1,236,666
58$1,386,210$1,061,739$978,712$1,293,270
59$1,492,426$1,078,586$976,321$1,354,114
60$1,608,367$1,095,151$972,742$1,419,609
61$1,734,991$1,111,384$967,899$1,490,210
62$1,873,352$1,127,233$961,716$1,566,418
63$2,024,609$1,142,643$954,109$1,648,786
64$2,190,040$1,157,554$944,993$1,737,924
65$2,371,052$1,171,901$934,277$1,834,505
66$2,569,191$1,185,617$921,868$1,939,273
67$2,786,164$1,198,627$907,666$2,053,047
68$3,023,849$1,210,856$891,568$2,176,732
69$3,284,312$1,222,218$873,466$2,311,325
70$3,569,831$1,232,626$853,247$2,457,928
71$3,882,915$1,241,986$830,791$2,617,756
72$4,226,325$1,250,196$805,976$2,792,150
73$4,603,105$1,257,150$778,671$2,982,588
74$5,016,606$1,262,735$748,740$3,190,702
75$5,470,519$1,266,829$716,043$3,418,293
76$5,968,912$1,269,303$680,430$3,667,348
77$6,516,263$1,270,021$641,746$3,940,056
78$7,117,507$1,268,837$599,830$4,238,837
79$7,778,081$1,265,598$554,513$4,566,356
80$8,503,973$1,260,140$505,616$4,925,555
81$9,301,780$1,252,289$452,957$5,319,679
82$10,178,772$1,241,861$396,341$5,752,309
83$11,142,955$1,228,661$335,567$6,227,391
84$12,203,152$1,212,481$270,424$6,749,282
85$13,369,083$1,193,102$200,693$7,322,784
86$14,651,457$1,170,292$126,144$7,953,196
87$16,062,074$1,143,804$46,537$8,646,361
88$17,613,932$1,113,378$0$9,408,722
89$19,321,357$1,078,736$0$10,252,717
90$21,200,129$1,039,588$0$11,188,090
91$23,267,637$995,623$0$12,217,060
92$25,543,042$946,514$0$13,349,199
93$28,047,454$891,916$0$14,595,059
94$30,804,135$831,461$0$15,966,274
95$33,838,717$764,762$0$17,475,672
96$37,179,443$691,412$0$19,137,391
97$40,857,431$610,976$0$20,967,023
98$44,906,973$522,998$0$22,981,751
99$49,365,853$426,994$0$25,200,523
100$54,275,709$322,455$0$27,644,224