Can I retire at age 54 with 948,000?

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 $948,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.2%
1 years$78,285$77,588$76,907$76,243$75,595$75,213
2 years$38,755$38,033$37,334$36,655$35,998$35,612
3 years$25,580$24,855$24,157$23,485$22,838$22,461
4 years$18,994$18,271$17,580$16,920$16,288$15,923
5 years$15,043$14,325$13,643$12,996$12,382$12,029
6 years$12,410$11,697$11,026$10,393$9,798$9,457
7 years$10,530$9,823$9,162$8,545$7,968$7,641
8 years$9,121$8,420$7,770$7,168$6,610$6,296
9 years$8,025$7,331$6,693$6,106$5,567$5,266
10 years$7,149$6,462$5,835$5,263$4,743$4,455
11 years$6,433$5,753$5,137$4,580$4,079$3,803
12 years$5,837$5,164$4,559$4,018$3,535$3,272
13 years$5,333$4,666$4,073$3,547$3,083$2,831
14 years$4,901$4,242$3,660$3,149$2,702$2,463
15 years$4,527$3,875$3,304$2,808$2,379$2,151
16 years$4,200$3,555$2,996$2,514$2,103$1,886
17 years$3,912$3,274$2,726$2,259$1,864$1,659
18 years$3,656$3,025$2,488$2,036$1,658$1,463
19 years$3,427$2,804$2,278$1,840$1,478$1,293
20 years$3,222$2,606$2,091$1,666$1,320$1,145
21 years$3,036$2,427$1,923$1,512$1,181$1,016
22 years$2,868$2,265$1,772$1,375$1,059$902
23 years$2,714$2,119$1,636$1,252$950$803
24 years$2,573$1,985$1,513$1,142$854$715
25 years$2,444$1,863$1,402$1,043$769$638
26 years$2,325$1,751$1,300$954$692$569
27 years$2,215$1,648$1,207$873$624$508
28 years$2,113$1,553$1,122$800$563$454
29 years$2,018$1,465$1,044$733$509$406
30 years$1,930$1,383$973$673$460$364
31 years$1,847$1,308$907$618$415$326
32 years$1,770$1,237$846$568$376$292
33 years$1,698$1,172$790$522$340$261
34 years$1,630$1,111$738$481$308$234
35 years$1,566$1,053$690$442$279$210
36 years$1,506$1,000$646$407$253$189
37 years$1,449$950$604$375$229$169
38 years$1,395$902$566$346$208$152
39 years$1,344$858$530$319$188$136
40 years$1,296$816$497$294$171$122
41 years$1,250$777$466$272$155$110
42 years$1,207$740$437$251$141$99
43 years$1,166$705$410$231$128$89
44 years$1,126$672$385$214$116$80
45 years$1,089$641$362$197$105$72
46 years$1,053$612$340$182$95$64
47 years$1,019$584$319$168$87$58
48 years$987$557$300$156$79$52
49 years$955$532$282$144$72$47
50 years$926$508$265$133$65$42

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $948,000, adding $3,240 every year, while hoping to spend $34,708 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: 68/27/5 Blend
53$948,000$948,000$948,000$948,000
54$1,048,038$997,794$983,100$1,118,483
55$1,118,009$1,009,757$979,105$1,177,492
56$1,193,953$1,021,143$973,813$1,237,451
57$1,276,445$1,031,886$967,143$1,302,066
58$1,366,112$1,041,919$959,012$1,371,785
59$1,463,649$1,051,166$949,333$1,447,101
60$1,569,817$1,059,550$938,012$1,528,560
61$1,685,457$1,066,986$924,953$1,616,762
62$1,811,490$1,073,385$910,056$1,712,367
63$1,948,934$1,078,653$893,215$1,816,105
64$2,098,906$1,082,688$874,318$1,928,780
65$2,262,637$1,085,382$853,251$2,051,278
66$2,441,483$1,086,623$829,891$2,184,576
67$2,636,935$1,086,288$804,113$2,329,750
68$2,850,635$1,084,248$775,784$2,487,989
69$3,084,391$1,080,368$744,764$2,660,602
70$3,340,195$1,074,502$710,910$2,849,032
71$3,620,239$1,066,497$674,069$3,054,870
72$3,926,937$1,056,188$634,083$3,279,872
73$4,262,946$1,043,404$590,787$3,525,972
74$4,631,196$1,027,960$544,008$3,795,303
75$5,034,910$1,009,662$493,565$4,090,218
76$5,477,640$988,305$439,268$4,413,310
77$5,963,298$963,670$380,922$4,767,438
78$6,496,191$935,526$318,319$5,155,754
79$7,081,065$903,629$251,246$5,581,735
80$7,723,147$867,721$179,476$6,049,214
81$8,428,197$827,528$102,777$6,562,415
82$9,202,555$782,759$20,903$7,125,997
83$10,053,211$733,109$0$7,745,097
84$10,987,862$678,255$0$8,428,924
85$12,014,987$617,853$0$9,181,597
86$13,143,930$551,542$0$10,008,896
87$14,384,982$478,939$0$10,918,427
88$15,749,483$399,640$0$11,918,572
89$17,249,927$313,218$0$13,018,573
90$18,900,076$219,223$0$14,228,615
91$20,715,097$117,178$0$15,559,929
92$22,711,696$6,579$0$17,024,892
93$24,908,284$0$0$18,637,149
94$27,325,144$0$0$20,445,345
95$29,984,625$0$0$22,437,276
96$32,911,350$0$0$24,629,439
97$36,132,453$0$0$27,042,164
98$39,677,829$0$0$29,697,854
99$43,580,419$0$0$32,621,193
100$47,876,519$0$0$35,839,378