Can I retire at age 54 with 949,000?

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 $949,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.8%
1 years$78,368$77,669$76,988$76,324$75,675$72,990
2 years$38,796$38,073$37,373$36,694$36,036$33,359
3 years$25,607$24,881$24,183$23,510$22,862$20,279
4 years$19,014$18,290$17,599$16,938$16,306$13,834
5 years$15,059$14,340$13,657$13,010$12,395$10,043
6 years$12,423$11,710$11,037$10,404$9,808$7,576
7 years$10,541$9,834$9,172$8,554$7,977$5,865
8 years$9,131$8,429$7,779$7,176$6,617$4,624
9 years$8,034$7,339$6,700$6,112$5,573$3,695
10 years$7,157$6,469$5,841$5,269$4,748$2,983
11 years$6,440$5,759$5,142$4,585$4,084$2,428
12 years$5,843$5,169$4,564$4,022$3,539$1,988
13 years$5,338$4,671$4,077$3,551$3,086$1,636
14 years$4,906$4,246$3,663$3,152$2,705$1,351
15 years$4,532$3,879$3,308$2,811$2,382$1,120
16 years$4,204$3,559$2,999$2,517$2,105$931
17 years$3,916$3,278$2,729$2,261$1,866$775
18 years$3,660$3,029$2,491$2,038$1,660$647
19 years$3,431$2,807$2,280$1,842$1,479$540
20 years$3,225$2,608$2,093$1,668$1,321$452
21 years$3,039$2,430$1,925$1,514$1,182$379
22 years$2,871$2,268$1,774$1,376$1,060$317
23 years$2,717$2,121$1,638$1,253$951$266
24 years$2,576$1,987$1,515$1,143$855$223
25 years$2,447$1,865$1,403$1,044$769$187
26 years$2,327$1,753$1,301$955$693$157
27 years$2,217$1,650$1,209$874$625$132
28 years$2,115$1,554$1,123$801$564$111
29 years$2,020$1,466$1,045$734$509$93
30 years$1,932$1,385$974$674$460$79
31 years$1,849$1,309$908$619$416$66
32 years$1,772$1,239$847$569$376$56
33 years$1,700$1,173$791$523$340$47
34 years$1,632$1,112$739$481$308$39
35 years$1,568$1,055$691$443$279$33
36 years$1,507$1,001$646$408$253$28
37 years$1,450$951$605$376$229$23
38 years$1,397$903$566$346$208$20
39 years$1,346$859$531$319$189$17
40 years$1,297$817$497$295$171$14
41 years$1,252$778$466$272$155$12
42 years$1,208$741$438$251$141$10
43 years$1,167$706$411$232$128$8
44 years$1,128$673$385$214$116$7
45 years$1,090$642$362$197$105$6
46 years$1,054$612$340$182$96$5
47 years$1,020$584$319$169$87$4
48 years$988$558$300$156$79$4
49 years$956$533$282$144$72$3
50 years$927$509$265$133$65$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $949,000, adding $6,570 every year, while hoping to spend $22,189 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: 67/19/14 Blend
53$949,000$949,000$949,000$949,000
54$1,052,575$1,002,278$987,568$1,119,255
55$1,136,329$1,027,781$997,043$1,190,050
56$1,227,882$1,053,789$1,006,091$1,264,201
57$1,328,006$1,080,305$1,014,676$1,344,717
58$1,437,551$1,107,329$1,022,756$1,432,220
59$1,557,454$1,134,861$1,030,292$1,527,394
60$1,688,746$1,162,900$1,037,237$1,630,994
61$1,832,560$1,191,445$1,043,547$1,743,852
62$1,990,148$1,220,492$1,049,173$1,866,882
63$2,162,886$1,250,039$1,054,063$2,001,094
64$2,352,290$1,280,081$1,058,163$2,147,598
65$2,560,030$1,310,611$1,061,418$2,307,618
66$2,787,945$1,341,624$1,063,768$2,482,502
67$3,038,062$1,373,109$1,065,151$2,673,734
68$3,312,612$1,405,059$1,065,501$2,882,953
69$3,614,053$1,437,461$1,064,749$3,111,960
70$3,945,092$1,470,303$1,062,825$3,362,741
71$4,308,714$1,503,570$1,059,652$3,637,486
72$4,708,203$1,537,246$1,055,151$3,938,607
73$5,147,181$1,571,312$1,049,239$4,268,759
74$5,629,634$1,605,747$1,041,829$4,630,872
75$6,159,957$1,640,529$1,032,831$5,028,172
76$6,742,991$1,675,632$1,022,148$5,464,213
77$7,384,067$1,711,029$1,009,681$5,942,914
78$8,089,061$1,746,690$995,326$6,468,591
79$8,864,448$1,782,580$978,971$7,046,002
80$9,717,358$1,818,663$960,503$7,680,388
81$10,655,650$1,854,899$939,802$8,377,527
82$11,687,983$1,891,245$916,741$9,143,784
83$12,823,895$1,927,654$891,190$9,986,175
84$14,073,898$1,964,075$863,011$10,912,430
85$15,449,574$2,000,453$832,060$11,931,068
86$16,963,682$2,036,727$798,186$13,051,479
87$18,630,285$2,072,833$761,232$14,284,008
88$20,464,875$2,108,703$721,034$15,640,057
89$22,484,523$2,144,261$677,420$17,132,191
90$24,708,041$2,179,426$630,210$18,774,257
91$27,156,155$2,214,112$579,216$20,581,514
92$29,851,706$2,248,227$524,243$22,570,780
93$32,819,861$2,281,670$465,086$24,760,586
94$36,088,350$2,314,336$401,530$27,171,356
95$39,687,733$2,346,109$333,352$29,825,597
96$43,651,681$2,376,868$260,318$32,748,114
97$48,017,300$2,406,481$182,186$35,966,241
98$52,825,475$2,434,810$98,701$39,510,101
99$58,121,263$2,461,705$9,596$43,412,894
100$63,954,310$2,487,007$0$47,711,203