Can I retire at age 54 with 945,000?

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 $945,000?

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%
1 years$78,037$77,342$76,664$76,002$75,356$74,693
2 years$38,632$37,913$37,215$36,539$35,884$35,216
3 years$25,499$24,776$24,081$23,411$22,766$22,114
4 years$18,934$18,213$17,525$16,866$16,237$15,605
5 years$14,996$14,279$13,600$12,955$12,343$11,734
6 years$12,371$11,660$10,991$10,360$9,767$9,181
7 years$10,497$9,792$9,133$8,518$7,943$7,381
8 years$9,092$8,394$7,746$7,145$6,589$6,051
9 years$8,000$7,308$6,671$6,086$5,549$5,034
10 years$7,127$6,442$5,816$5,246$4,728$4,236
11 years$6,413$5,735$5,121$4,566$4,066$3,597
12 years$5,818$5,147$4,544$4,005$3,524$3,076
13 years$5,316$4,652$4,060$3,536$3,073$2,647
14 years$4,885$4,228$3,648$3,139$2,694$2,289
15 years$4,513$3,863$3,294$2,799$2,372$1,988
16 years$4,187$3,544$2,986$2,506$2,096$1,732
17 years$3,900$3,264$2,717$2,252$1,859$1,514
18 years$3,645$3,016$2,481$2,029$1,653$1,326
19 years$3,417$2,795$2,271$1,834$1,473$1,165
20 years$3,212$2,597$2,084$1,661$1,316$1,025
21 years$3,027$2,419$1,917$1,507$1,177$903
22 years$2,859$2,258$1,767$1,370$1,055$797
23 years$2,705$2,112$1,631$1,248$947$704
24 years$2,565$1,979$1,509$1,138$852$623
25 years$2,436$1,857$1,397$1,040$766$552
26 years$2,318$1,745$1,296$951$690$489
27 years$2,208$1,643$1,203$870$622$434
28 years$2,106$1,548$1,119$797$561$385
29 years$2,012$1,460$1,041$731$507$342
30 years$1,924$1,379$970$671$458$304
31 years$1,841$1,304$904$616$414$270
32 years$1,764$1,233$843$566$375$240
33 years$1,692$1,168$788$521$339$213
34 years$1,625$1,107$736$479$307$190
35 years$1,561$1,050$688$441$278$169
36 years$1,501$997$644$406$252$150
37 years$1,444$947$602$374$228$134
38 years$1,391$900$564$345$207$119
39 years$1,340$855$529$318$188$106
40 years$1,292$814$495$293$170$95
41 years$1,246$775$464$271$154$84
42 years$1,203$738$436$250$140$75
43 years$1,162$703$409$231$127$67
44 years$1,123$670$384$213$115$60
45 years$1,085$639$360$197$105$53
46 years$1,050$610$338$182$95$47
47 years$1,016$582$318$168$86$42
48 years$983$555$299$155$78$38
49 years$952$530$281$143$71$34
50 years$923$507$264$132$65$30

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $945,000, adding $4,896 every year, while hoping to spend $53,494 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: 76/14/10 Blend
53$945,000$945,000$945,000$945,000
54$1,046,440$996,355$981,708$1,123,756
55$1,096,260$988,259$957,678$1,167,245
56$1,149,368$977,974$931,050$1,207,619
57$1,206,044$965,335$901,681$1,250,357
58$1,266,594$950,170$869,420$1,295,674
59$1,331,352$932,293$834,111$1,343,808
60$1,400,685$911,511$795,589$1,395,021
61$1,474,997$887,617$753,683$1,449,602
62$1,554,729$860,392$708,214$1,507,872
63$1,640,366$829,606$658,993$1,570,182
64$1,732,440$795,014$605,827$1,636,922
65$1,831,536$756,356$548,508$1,708,524
66$1,938,294$713,360$486,825$1,785,461
67$2,053,420$665,735$420,554$1,868,259
68$2,177,688$613,174$349,462$1,957,498
69$2,311,948$555,356$273,304$2,053,816
70$2,457,134$491,936$191,828$2,157,922
71$2,614,275$422,554$104,767$2,270,593
72$2,784,499$346,827$11,845$2,392,693
73$2,969,049$264,352$0$2,525,172
74$3,169,289$174,703$0$2,678,397
75$3,386,722$77,428$0$2,846,165
76$3,622,999$0$0$3,028,525
77$3,879,938$0$0$3,231,229
78$4,159,537$0$0$3,464,822
79$4,463,996$0$0$3,719,219
80$4,795,736$0$0$3,996,445
81$5,157,421$0$0$4,298,730
82$5,551,982$0$0$4,628,530
83$5,982,646$0$0$4,988,547
84$6,452,965$0$0$5,381,754
85$6,966,849$0$0$5,811,427
86$7,528,604$0$0$6,281,169
87$8,142,968$0$0$6,794,949
88$8,815,161$0$0$7,357,138
89$9,550,928$0$0$7,972,547
90$10,356,597$0$0$8,646,475
91$11,239,135$0$0$9,384,756
92$12,206,216$0$0$10,193,816
93$13,266,292$0$0$11,080,733
94$14,428,669$0$0$12,053,300
95$15,703,599$0$0$13,120,103
96$17,102,373$0$0$14,290,597
97$18,637,427$0$0$15,575,196
98$20,322,461$0$0$16,985,374
99$22,172,565$0$0$18,533,768
100$24,204,362$0$0$20,234,298