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%19.5%
1 years$77,872$77,178$76,502$75,841$75,196$72,327
2 years$38,551$37,833$37,137$36,462$35,808$32,951
3 years$25,445$24,724$24,030$23,362$22,718$19,963
4 years$18,894$18,175$17,488$16,831$16,203$13,571
5 years$14,964$14,249$13,571$12,928$12,317$9,815
6 years$12,345$11,636$10,967$10,338$9,746$7,376
7 years$10,475$9,772$9,114$8,500$7,926$5,687
8 years$9,073$8,376$7,729$7,130$6,575$4,465
9 years$7,983$7,293$6,657$6,073$5,537$3,553
10 years$7,112$6,428$5,804$5,235$4,718$2,856
11 years$6,399$5,723$5,110$4,556$4,058$2,313
12 years$5,806$5,136$4,535$3,996$3,516$1,885
13 years$5,305$4,642$4,052$3,528$3,066$1,544
14 years$4,875$4,219$3,640$3,132$2,688$1,269
15 years$4,503$3,854$3,287$2,793$2,367$1,047
16 years$4,178$3,536$2,980$2,501$2,092$866
17 years$3,891$3,257$2,712$2,247$1,855$717
18 years$3,637$3,009$2,475$2,025$1,649$595
19 years$3,409$2,789$2,266$1,830$1,470$495
20 years$3,205$2,592$2,080$1,657$1,313$412
21 years$3,020$2,414$1,913$1,504$1,175$343
22 years$2,853$2,254$1,763$1,368$1,053$286
23 years$2,700$2,108$1,628$1,245$945$238
24 years$2,560$1,975$1,505$1,136$850$199
25 years$2,431$1,853$1,394$1,037$765$166
26 years$2,313$1,742$1,293$949$689$139
27 years$2,203$1,639$1,201$868$621$116
28 years$2,102$1,545$1,116$795$560$97
29 years$2,007$1,457$1,039$729$506$81
30 years$1,920$1,376$968$669$457$68
31 years$1,837$1,301$902$615$413$57
32 years$1,761$1,231$842$565$374$47
33 years$1,689$1,166$786$520$338$40
34 years$1,621$1,105$734$478$306$33
35 years$1,558$1,048$687$440$277$28
36 years$1,498$995$642$405$251$23
37 years$1,441$945$601$373$228$19
38 years$1,388$898$563$344$207$16
39 years$1,337$854$527$317$187$14
40 years$1,289$812$494$293$170$11
41 years$1,244$773$464$270$154$9
42 years$1,201$736$435$249$140$8
43 years$1,160$702$408$230$127$7
44 years$1,120$669$383$212$115$6
45 years$1,083$638$360$196$105$5
46 years$1,048$608$338$181$95$4
47 years$1,014$581$317$167$86$3
48 years$981$554$298$155$78$3
49 years$950$529$280$143$71$2
50 years$921$506$263$132$65$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $943,000, adding $4,865 every year, while hoping to spend $33,861 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: 52/40/8 Blend
53$943,000$943,000$943,000$943,000
54$1,044,204$994,225$979,609$1,096,164
55$1,114,685$1,006,914$976,398$1,144,703
56$1,191,220$1,019,091$971,944$1,193,387
57$1,274,392$1,030,693$966,171$1,245,526
58$1,364,839$1,041,656$958,997$1,301,454
59$1,463,266$1,051,910$950,337$1,361,537
60$1,570,448$1,061,383$940,102$1,426,182
61$1,687,237$1,069,994$928,199$1,495,836
62$1,814,572$1,077,661$914,531$1,570,994
63$1,953,485$1,084,293$898,994$1,652,201
64$2,105,112$1,089,795$881,482$1,740,060
65$2,270,706$1,094,067$861,884$1,835,236
66$2,451,642$1,097,000$840,081$1,938,465
67$2,649,437$1,098,481$815,952$2,050,556
68$2,865,761$1,098,388$789,368$2,172,406
69$3,102,452$1,096,592$760,195$2,305,001
70$3,361,533$1,092,957$728,292$2,449,434
71$3,645,234$1,087,335$693,514$2,606,907
72$3,956,007$1,079,575$655,707$2,778,751
73$4,296,557$1,069,511$614,710$2,966,433
74$4,669,860$1,056,971$570,356$3,171,570
75$5,079,194$1,041,771$522,471$3,395,952
76$5,528,169$1,023,715$470,872$3,641,549
77$6,020,763$1,002,598$415,367$3,910,540
78$6,561,357$978,201$355,758$4,205,325
79$7,154,775$950,293$291,835$4,528,556
80$7,806,333$918,628$223,383$4,883,159
81$8,521,885$882,947$150,173$5,272,360
82$9,307,882$842,976$71,968$5,699,721
83$10,171,429$798,425$0$6,169,173
84$11,120,353$748,986$0$6,686,030
85$12,163,278$694,335$0$7,260,715
86$13,309,703$634,128$0$7,892,379
87$14,570,096$568,004$0$8,586,867
88$15,955,987$495,577$0$9,350,625
89$17,480,080$416,443$0$10,190,764
90$19,156,374$330,174$0$11,115,124
91$21,000,289$236,318$0$12,132,355
92$23,028,818$134,396$0$13,251,991
93$25,260,681$23,905$0$14,484,549
94$27,716,506$0$0$15,841,627
95$30,419,021$0$0$17,378,130
96$33,393,269$0$0$19,080,818
97$36,666,843$0$0$20,954,979
98$40,270,146$0$0$23,018,033
99$44,236,680$0$0$25,289,177
100$48,603,358$0$0$27,789,561