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%12.5%
1 years$78,533$77,833$77,151$76,485$75,834$75,042
2 years$38,878$38,154$37,452$36,771$36,111$35,314
3 years$25,661$24,934$24,234$23,560$22,911$22,132
4 years$19,054$18,329$17,636$16,974$16,340$15,587
5 years$15,091$14,370$13,686$13,037$12,421$11,696
6 years$12,449$11,734$11,061$10,426$9,829$9,131
7 years$10,564$9,854$9,191$8,572$7,993$7,324
8 years$9,150$8,447$7,795$7,191$6,631$5,991
9 years$8,051$7,355$6,714$6,125$5,584$4,972
10 years$7,172$6,483$5,853$5,280$4,758$4,174
11 years$6,454$5,771$5,153$4,595$4,092$3,535
12 years$5,855$5,180$4,573$4,030$3,546$3,016
13 years$5,350$4,681$4,086$3,558$3,092$2,589
14 years$4,916$4,255$3,671$3,159$2,711$2,233
15 years$4,541$3,887$3,315$2,817$2,387$1,933
16 years$4,213$3,566$3,005$2,522$2,109$1,680
17 years$3,924$3,284$2,735$2,266$1,870$1,464
18 years$3,668$3,035$2,496$2,042$1,663$1,279
19 years$3,438$2,813$2,285$1,845$1,482$1,120
20 years$3,232$2,614$2,097$1,671$1,324$983
21 years$3,046$2,435$1,929$1,517$1,185$863
22 years$2,877$2,273$1,778$1,379$1,062$760
23 years$2,723$2,126$1,642$1,256$953$669
24 years$2,581$1,992$1,518$1,146$857$590
25 years$2,452$1,869$1,406$1,046$771$521
26 years$2,332$1,756$1,304$957$695$460
27 years$2,222$1,653$1,211$876$626$407
28 years$2,120$1,558$1,126$802$565$360
29 years$2,024$1,469$1,048$736$510$319
30 years$1,936$1,388$976$675$461$282
31 years$1,853$1,312$910$620$417$250
32 years$1,776$1,241$849$570$377$222
33 years$1,703$1,176$793$524$341$196
34 years$1,635$1,114$741$482$309$174
35 years$1,571$1,057$692$444$280$155
36 years$1,510$1,003$648$409$254$137
37 years$1,453$953$606$377$230$122
38 years$1,399$905$568$347$208$108
39 years$1,348$861$532$320$189$96
40 years$1,300$819$499$295$171$85
41 years$1,254$780$467$272$155$76
42 years$1,211$743$438$251$141$67
43 years$1,169$707$411$232$128$60
44 years$1,130$674$386$214$116$53
45 years$1,092$643$363$198$105$47
46 years$1,057$613$341$183$96$42
47 years$1,022$585$320$169$87$37
48 years$990$559$301$156$79$33
49 years$958$534$283$144$72$29
50 years$929$510$266$133$65$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $951,000, adding $4,407 every year, while hoping to spend $58,984 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: 65/10/25 Blend
53$951,000$951,000$951,000$951,000
54$1,052,548$1,002,145$987,404$1,113,824
55$1,097,149$988,491$957,724$1,142,027
56$1,144,323$972,192$925,072$1,165,828
57$1,194,269$953,055$889,288$1,190,514
58$1,247,207$930,877$850,201$1,216,175
59$1,303,374$905,442$807,635$1,242,914
60$1,363,033$876,523$761,405$1,270,847
61$1,426,468$843,878$711,318$1,300,104
62$1,493,992$807,253$657,172$1,330,829
63$1,565,948$766,377$598,755$1,363,185
64$1,642,710$720,964$535,848$1,397,354
65$1,724,688$670,713$468,221$1,433,538
66$1,812,331$615,304$395,632$1,471,964
67$1,906,134$554,399$317,831$1,512,886
68$2,006,637$487,641$234,555$1,556,584
69$2,114,432$414,654$145,531$1,603,376
70$2,230,170$335,038$50,472$1,653,610
71$2,354,566$248,374$0$1,707,677
72$2,488,404$154,215$0$1,779,609
73$2,632,543$52,094$0$1,871,545
74$2,787,930$0$0$1,970,631
75$2,955,602$0$0$2,083,991
76$3,136,701$0$0$2,212,670
77$3,332,481$0$0$2,351,831
78$3,544,319$0$0$2,502,461
79$3,773,730$0$0$2,665,643
80$4,022,379$0$0$2,842,570
81$4,292,098$0$0$3,034,552
82$4,584,901$0$0$3,243,031
83$4,903,002$0$0$3,469,591
84$5,248,839$0$0$3,715,977
85$5,625,091$0$0$3,984,108
86$6,034,709$0$0$4,276,095
87$6,480,937$0$0$4,594,261
88$6,967,347$0$0$4,941,164
89$7,497,870$0$0$5,319,617
90$8,076,831$0$0$5,732,717
91$8,708,993$0$0$6,183,874
92$9,399,598$0$0$6,676,841
93$10,154,416$0$0$7,215,751
94$10,979,802$0$0$7,805,152
95$11,882,751$0$0$8,450,054
96$12,870,965$0$0$9,155,973
97$13,952,927$0$0$9,928,982
98$15,137,976$0$0$10,775,769
99$16,436,398$0$0$11,703,701
100$17,859,521$0$0$12,720,889