Can I retire at age 54 with 946,000?

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 $946,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13%
1 years$78,120$77,424$76,745$76,082$75,435$74,493
2 years$38,673$37,953$37,255$36,578$35,922$34,973
3 years$25,526$24,803$24,106$23,436$22,790$21,865
4 years$18,954$18,233$17,543$16,884$16,254$15,360
5 years$15,011$14,295$13,614$12,969$12,356$11,495
6 years$12,384$11,673$11,002$10,371$9,777$8,951
7 years$10,508$9,803$9,143$8,527$7,951$7,160
8 years$9,102$8,403$7,754$7,153$6,596$5,839
9 years$8,008$7,316$6,679$6,093$5,555$4,832
10 years$7,134$6,449$5,822$5,252$4,733$4,044
11 years$6,420$5,741$5,126$4,571$4,071$3,415
12 years$5,825$5,153$4,549$4,009$3,528$2,904
13 years$5,321$4,657$4,064$3,539$3,076$2,484
14 years$4,890$4,233$3,652$3,142$2,697$2,136
15 years$4,517$3,867$3,297$2,802$2,374$1,843
16 years$4,191$3,548$2,989$2,509$2,098$1,596
17 years$3,904$3,267$2,720$2,254$1,861$1,386
18 years$3,648$3,019$2,483$2,032$1,654$1,207
19 years$3,420$2,798$2,273$1,836$1,475$1,053
20 years$3,215$2,600$2,086$1,663$1,317$920
21 years$3,030$2,422$1,919$1,509$1,179$806
22 years$2,862$2,261$1,769$1,372$1,056$706
23 years$2,708$2,114$1,633$1,249$948$620
24 years$2,568$1,981$1,510$1,140$852$544
25 years$2,439$1,859$1,399$1,041$767$479
26 years$2,320$1,747$1,297$952$691$421
27 years$2,210$1,644$1,205$871$623$371
28 years$2,108$1,549$1,120$798$562$327
29 years$2,014$1,462$1,042$732$508$288
30 years$1,926$1,380$971$672$459$254
31 years$1,843$1,305$905$617$415$224
32 years$1,766$1,235$844$567$375$198
33 years$1,694$1,169$788$521$339$175
34 years$1,626$1,108$737$480$307$154
35 years$1,563$1,051$689$442$278$136
36 years$1,502$998$644$407$252$120
37 years$1,446$948$603$375$229$106
38 years$1,392$901$565$345$207$94
39 years$1,341$856$529$318$188$83
40 years$1,293$815$496$294$170$73
41 years$1,248$776$465$271$155$65
42 years$1,204$739$436$250$140$57
43 years$1,163$704$409$231$127$51
44 years$1,124$671$384$213$116$45
45 years$1,087$640$361$197$105$40
46 years$1,051$610$339$182$95$35
47 years$1,017$582$318$168$87$31
48 years$984$556$299$155$79$28
49 years$953$531$281$143$71$24
50 years$924$507$264$133$65$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $946,000, adding $4,765 every year, while hoping to spend $25,769 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: 69/14/17 Blend
53$946,000$946,000$946,000$946,000
54$1,047,407$997,269$982,606$1,115,118
55$1,126,825$1,018,717$988,105$1,182,303
56$1,213,479$1,040,353$992,925$1,252,289
57$1,308,081$1,062,157$997,016$1,328,217
58$1,411,414$1,084,112$1,000,324$1,410,671
59$1,524,339$1,106,194$1,002,796$1,500,293
60$1,647,804$1,128,380$1,004,372$1,597,790
61$1,782,855$1,150,645$1,004,993$1,703,942
62$1,930,640$1,172,961$1,004,594$1,819,609
63$2,092,426$1,195,297$1,003,109$1,945,736
64$2,269,608$1,217,620$1,000,467$2,083,367
65$2,463,720$1,239,896$996,595$2,233,652
66$2,676,454$1,262,086$991,416$2,397,858
67$2,909,673$1,284,148$984,848$2,577,379
68$3,165,426$1,306,038$976,807$2,773,754
69$3,445,973$1,327,708$967,205$2,988,680
70$3,753,804$1,349,106$955,947$3,224,023
71$4,091,657$1,370,178$942,937$3,481,843
72$4,462,553$1,390,864$928,072$3,764,409
73$4,869,818$1,411,100$911,247$4,074,222
74$5,317,114$1,430,819$892,348$4,414,037
75$5,808,477$1,449,946$871,259$4,786,893
76$6,348,353$1,468,405$847,858$5,196,136
77$6,941,640$1,486,112$822,016$5,645,458
78$7,593,734$1,502,978$793,600$6,138,923
79$8,310,578$1,518,908$762,469$6,681,013
80$9,098,723$1,533,800$728,478$7,276,668
81$9,965,383$1,547,547$691,472$7,931,332
82$10,918,508$1,560,032$651,293$8,651,004
83$11,966,857$1,571,135$607,772$9,442,297
84$13,120,079$1,580,723$560,734$10,312,498
85$14,388,806$1,588,658$509,999$11,269,641
86$15,784,754$1,594,791$455,373$12,322,577
87$17,320,830$1,598,967$396,659$13,481,063
88$19,011,255$1,601,017$333,648$14,755,852
89$20,871,701$1,600,764$266,122$16,158,795
90$22,919,432$1,598,020$193,855$17,702,955
91$25,173,475$1,592,583$116,610$19,402,727
92$27,654,793$1,584,243$34,140$21,273,975
93$30,386,484$1,572,773$0$23,334,186
94$33,394,001$1,557,935$0$25,612,403
95$36,705,389$1,539,474$0$28,127,338
96$40,351,554$1,517,123$0$30,896,248
97$44,366,546$1,490,596$0$33,944,987
98$48,787,891$1,459,592$0$37,302,041
99$53,656,935$1,423,792$0$40,998,804
100$59,019,242$1,382,857$0$45,069,869