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%11.7%
1 years$78,120$77,424$76,745$76,082$75,435$74,897
2 years$38,673$37,953$37,255$36,578$35,922$35,379
3 years$25,526$24,803$24,106$23,436$22,790$22,260
4 years$18,954$18,233$17,543$16,884$16,254$15,740
5 years$15,011$14,295$13,614$12,969$12,356$11,860
6 years$12,384$11,673$11,002$10,371$9,777$9,299
7 years$10,508$9,803$9,143$8,527$7,951$7,493
8 years$9,102$8,403$7,754$7,153$6,596$6,156
9 years$8,008$7,316$6,679$6,093$5,555$5,134
10 years$7,134$6,449$5,822$5,252$4,733$4,330
11 years$6,420$5,741$5,126$4,571$4,071$3,686
12 years$5,825$5,153$4,549$4,009$3,528$3,161
13 years$5,321$4,657$4,064$3,539$3,076$2,727
14 years$4,890$4,233$3,652$3,142$2,697$2,364
15 years$4,517$3,867$3,297$2,802$2,374$2,058
16 years$4,191$3,548$2,989$2,509$2,098$1,798
17 years$3,904$3,267$2,720$2,254$1,861$1,576
18 years$3,648$3,019$2,483$2,032$1,654$1,385
19 years$3,420$2,798$2,273$1,836$1,475$1,220
20 years$3,215$2,600$2,086$1,663$1,317$1,076
21 years$3,030$2,422$1,919$1,509$1,179$951
22 years$2,862$2,261$1,769$1,372$1,056$842
23 years$2,708$2,114$1,633$1,249$948$746
24 years$2,568$1,981$1,510$1,140$852$662
25 years$2,439$1,859$1,399$1,041$767$588
26 years$2,320$1,747$1,297$952$691$523
27 years$2,210$1,644$1,205$871$623$465
28 years$2,108$1,549$1,120$798$562$414
29 years$2,014$1,462$1,042$732$508$369
30 years$1,926$1,380$971$672$459$329
31 years$1,843$1,305$905$617$415$293
32 years$1,766$1,235$844$567$375$262
33 years$1,694$1,169$788$521$339$234
34 years$1,626$1,108$737$480$307$208
35 years$1,563$1,051$689$442$278$186
36 years$1,502$998$644$407$252$166
37 years$1,446$948$603$375$229$149
38 years$1,392$901$565$345$207$133
39 years$1,341$856$529$318$188$119
40 years$1,293$815$496$294$170$106
41 years$1,248$776$465$271$155$95
42 years$1,204$739$436$250$140$85
43 years$1,163$704$409$231$127$76
44 years$1,124$671$384$213$116$68
45 years$1,087$640$361$197$105$61
46 years$1,051$610$339$182$95$54
47 years$1,017$582$318$168$87$49
48 years$984$556$299$155$79$43
49 years$953$531$281$143$71$39
50 years$924$507$264$133$65$35

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $946,000, adding $4,701 every year, while hoping to spend $29,477 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: 32/48/20 Blend
53$946,000$946,000$946,000$946,000
54$1,047,341$997,203$982,540$1,074,232
55$1,122,807$1,014,703$984,092$1,112,253
56$1,204,982$1,032,072$984,708$1,150,166
57$1,294,519$1,049,273$984,325$1,190,387
58$1,392,139$1,066,266$982,879$1,233,135
59$1,498,631$1,083,007$980,299$1,278,653
60$1,614,868$1,099,451$976,515$1,327,210
61$1,741,806$1,115,546$971,450$1,379,104
62$1,880,503$1,131,240$965,026$1,434,663
63$2,032,119$1,146,475$957,159$1,494,251
64$2,197,933$1,161,191$947,763$1,558,271
65$2,379,355$1,175,322$936,745$1,627,167
66$2,577,934$1,188,798$924,011$1,701,432
67$2,795,379$1,201,545$909,461$1,781,610
68$3,033,570$1,213,483$892,991$1,868,303
69$3,294,578$1,224,527$874,490$1,962,174
70$3,580,684$1,234,587$853,844$2,063,961
71$3,894,399$1,243,568$830,933$2,174,474
72$4,238,491$1,251,365$805,632$2,294,613
73$4,616,006$1,257,871$777,810$2,425,370
74$5,030,301$1,262,969$747,329$2,567,842
75$5,485,073$1,266,536$714,046$2,723,242
76$5,984,395$1,268,441$677,811$2,892,907
77$6,532,752$1,268,544$638,467$3,078,319
78$7,135,088$1,266,698$595,851$3,281,111
79$7,796,846$1,262,745$549,790$3,503,089
80$8,524,023$1,256,518$500,108$3,746,247
81$9,323,228$1,247,842$446,615$4,012,787
82$10,201,738$1,236,527$389,118$4,305,143
83$11,167,574$1,222,376$327,412$4,625,998
84$12,229,571$1,205,177$261,285$4,978,320
85$13,397,464$1,184,706$190,514$5,365,383
86$14,681,976$1,160,728$114,867$5,790,801
87$16,094,924$1,132,991$34,102$6,258,565
88$17,649,328$1,101,229$0$6,773,081
89$19,359,532$1,065,161$0$7,350,326
90$21,241,341$1,024,491$0$7,993,041
91$23,312,169$978,902$0$8,699,922
92$25,591,204$928,062$0$9,477,568
93$28,099,589$871,619$0$10,333,257
94$30,860,618$809,200$0$11,275,015
95$33,899,960$740,410$0$12,311,695
96$37,245,900$664,834$0$13,453,062
97$40,929,602$582,031$0$14,709,883
98$44,985,407$491,536$0$16,094,033
99$49,451,156$392,858$0$17,618,609
100$54,368,544$285,478$0$19,298,053