Can I retire at age 54 with 951,000?

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 $951,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.5%
1 years$78,533$77,833$77,151$76,485$75,834$72,941
2 years$38,878$38,154$37,452$36,771$36,111$33,230
3 years$25,661$24,934$24,234$23,560$22,911$20,132
4 years$19,054$18,329$17,636$16,974$16,340$13,686
5 years$15,091$14,370$13,686$13,037$12,421$9,899
6 years$12,449$11,734$11,061$10,426$9,829$7,439
7 years$10,564$9,854$9,191$8,572$7,993$5,735
8 years$9,150$8,447$7,795$7,191$6,631$4,503
9 years$8,051$7,355$6,714$6,125$5,584$3,583
10 years$7,172$6,483$5,853$5,280$4,758$2,880
11 years$6,454$5,771$5,153$4,595$4,092$2,333
12 years$5,855$5,180$4,573$4,030$3,546$1,901
13 years$5,350$4,681$4,086$3,558$3,092$1,557
14 years$4,916$4,255$3,671$3,159$2,711$1,280
15 years$4,541$3,887$3,315$2,817$2,387$1,056
16 years$4,213$3,566$3,005$2,522$2,109$873
17 years$3,924$3,284$2,735$2,266$1,870$723
18 years$3,668$3,035$2,496$2,042$1,663$600
19 years$3,438$2,813$2,285$1,845$1,482$499
20 years$3,232$2,614$2,097$1,671$1,324$415
21 years$3,046$2,435$1,929$1,517$1,185$346
22 years$2,877$2,273$1,778$1,379$1,062$288
23 years$2,723$2,126$1,642$1,256$953$240
24 years$2,581$1,992$1,518$1,146$857$201
25 years$2,452$1,869$1,406$1,046$771$167
26 years$2,332$1,756$1,304$957$695$140
27 years$2,222$1,653$1,211$876$626$117
28 years$2,120$1,558$1,126$802$565$98
29 years$2,024$1,469$1,048$736$510$82
30 years$1,936$1,388$976$675$461$68
31 years$1,853$1,312$910$620$417$57
32 years$1,776$1,241$849$570$377$48
33 years$1,703$1,176$793$524$341$40
34 years$1,635$1,114$741$482$309$33
35 years$1,571$1,057$692$444$280$28
36 years$1,510$1,003$648$409$254$23
37 years$1,453$953$606$377$230$20
38 years$1,399$905$568$347$208$16
39 years$1,348$861$532$320$189$14
40 years$1,300$819$499$295$171$11
41 years$1,254$780$467$272$155$10
42 years$1,211$743$438$251$141$8
43 years$1,169$707$411$232$128$7
44 years$1,130$674$386$214$116$6
45 years$1,092$643$363$198$105$5
46 years$1,057$613$341$183$96$4
47 years$1,022$585$320$169$87$3
48 years$990$559$301$156$79$3
49 years$958$534$283$144$72$2
50 years$929$510$266$133$65$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $951,000, adding $4,993 every year, while hoping to spend $45,852 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: 57/26/17 Blend
53$951,000$951,000$951,000$951,000
54$1,053,152$1,002,749$988,009$1,108,211
55$1,111,788$1,003,098$972,321$1,146,511
56$1,174,867$1,001,927$954,571$1,182,813
57$1,242,795$999,113$934,641$1,221,334
58$1,316,017$994,526$912,408$1,262,296
59$1,395,021$988,028$887,744$1,305,945
60$1,480,344$979,472$860,514$1,352,555
61$1,572,575$968,702$830,577$1,402,429
62$1,672,362$955,553$797,786$1,455,904
63$1,780,419$939,851$761,987$1,513,352
64$1,897,527$921,410$723,020$1,575,188
65$2,024,549$900,033$680,715$1,641,868
66$2,162,432$875,513$634,898$1,713,901
67$2,312,218$847,631$585,384$1,791,848
68$2,475,051$816,152$531,982$1,876,334
69$2,652,194$780,831$474,491$1,968,046
70$2,845,033$741,407$412,702$2,067,749
71$3,055,095$697,605$346,396$2,176,288
72$3,284,059$649,131$275,344$2,294,599
73$3,533,773$595,679$199,309$2,423,716
74$3,806,273$536,922$118,040$2,564,786
75$4,103,797$472,516$31,279$2,719,076
76$4,428,812$402,096$0$2,887,986
77$4,784,030$325,279$0$3,084,190
78$5,172,440$241,656$0$3,305,057
79$5,597,332$150,800$0$3,546,858
80$6,062,328$52,257$0$3,811,743
81$6,571,416$0$0$4,102,088
82$7,128,990$0$0$4,436,091
83$7,739,885$0$0$4,818,499
84$8,409,430$0$0$5,237,705
85$9,143,491$0$0$5,697,393
86$9,948,529$0$0$6,201,620
87$10,831,662$0$0$6,754,857
88$11,800,728$0$0$7,362,025
89$12,864,363$0$0$8,028,546
90$14,032,077$0$0$8,760,394
91$15,314,348$0$0$9,564,147
92$16,722,717$0$0$10,447,055
93$18,269,899$0$0$11,417,101
94$19,969,898$0$0$12,483,082
95$21,838,147$0$0$13,654,688
96$23,891,644$0$0$14,942,595
97$26,149,116$0$0$16,358,566
98$28,631,197$0$0$17,915,558
99$31,360,619$0$0$19,627,849
100$34,362,427$0$0$21,511,167