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%11.1%
1 years$78,533$77,833$77,151$76,485$75,834$75,483
2 years$38,878$38,154$37,452$36,771$36,111$35,757
3 years$25,661$24,934$24,234$23,560$22,911$22,564
4 years$19,054$18,329$17,636$16,974$16,340$16,003
5 years$15,091$14,370$13,686$13,037$12,421$12,096
6 years$12,449$11,734$11,061$10,426$9,829$9,515
7 years$10,564$9,854$9,191$8,572$7,993$7,692
8 years$9,150$8,447$7,795$7,191$6,631$6,342
9 years$8,051$7,355$6,714$6,125$5,584$5,307
10 years$7,172$6,483$5,853$5,280$4,758$4,492
11 years$6,454$5,771$5,153$4,595$4,092$3,838
12 years$5,855$5,180$4,573$4,030$3,546$3,303
13 years$5,350$4,681$4,086$3,558$3,092$2,861
14 years$4,916$4,255$3,671$3,159$2,711$2,490
15 years$4,541$3,887$3,315$2,817$2,387$2,176
16 years$4,213$3,566$3,005$2,522$2,109$1,909
17 years$3,924$3,284$2,735$2,266$1,870$1,680
18 years$3,668$3,035$2,496$2,042$1,663$1,483
19 years$3,438$2,813$2,285$1,845$1,482$1,311
20 years$3,232$2,614$2,097$1,671$1,324$1,162
21 years$3,046$2,435$1,929$1,517$1,185$1,032
22 years$2,877$2,273$1,778$1,379$1,062$917
23 years$2,723$2,126$1,642$1,256$953$817
24 years$2,581$1,992$1,518$1,146$857$728
25 years$2,452$1,869$1,406$1,046$771$650
26 years$2,332$1,756$1,304$957$695$580
27 years$2,222$1,653$1,211$876$626$519
28 years$2,120$1,558$1,126$802$565$464
29 years$2,024$1,469$1,048$736$510$415
30 years$1,936$1,388$976$675$461$372
31 years$1,853$1,312$910$620$417$333
32 years$1,776$1,241$849$570$377$299
33 years$1,703$1,176$793$524$341$268
34 years$1,635$1,114$741$482$309$241
35 years$1,571$1,057$692$444$280$216
36 years$1,510$1,003$648$409$254$194
37 years$1,453$953$606$377$230$174
38 years$1,399$905$568$347$208$156
39 years$1,348$861$532$320$189$140
40 years$1,300$819$499$295$171$126
41 years$1,254$780$467$272$155$113
42 years$1,211$743$438$251$141$102
43 years$1,169$707$411$232$128$92
44 years$1,130$674$386$214$116$82
45 years$1,092$643$363$198$105$74
46 years$1,057$613$341$183$96$67
47 years$1,022$585$320$169$87$60
48 years$990$559$301$156$79$54
49 years$958$534$283$144$72$48
50 years$929$510$266$133$65$44

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $951,000, adding $4,343 every year, while hoping to spend $40,250 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: 56/17/27 Blend
53$951,000$951,000$951,000$951,000
54$1,052,482$1,002,079$987,338$1,103,386
55$1,117,009$1,008,355$977,588$1,145,130
56$1,186,770$1,013,590$966,163$1,186,026
57$1,262,254$1,017,689$952,963$1,229,761
58$1,344,002$1,020,555$937,886$1,276,620
59$1,432,608$1,022,080$920,823$1,326,921
60$1,528,725$1,022,152$901,661$1,381,017
61$1,633,070$1,020,653$880,282$1,439,295
62$1,746,434$1,017,456$856,562$1,502,186
63$1,869,685$1,012,426$830,372$1,570,166
64$2,003,778$1,005,420$801,575$1,643,761
65$2,149,766$996,288$770,030$1,723,555
66$2,308,805$984,868$735,588$1,810,191
67$2,482,168$970,992$698,096$1,904,381
68$2,671,257$954,479$657,390$2,006,914
69$2,877,614$935,137$613,301$2,118,660
70$3,102,937$912,765$565,653$2,240,581
71$3,349,095$887,149$514,261$2,373,741
72$3,618,146$858,062$458,932$2,519,316
73$3,912,354$825,264$399,463$2,678,605
74$4,234,213$788,502$335,645$2,853,042
75$4,586,471$747,506$267,256$3,044,214
76$4,972,150$701,993$194,069$3,253,873
77$5,394,581$651,663$115,842$3,483,952
78$5,857,432$596,198$32,326$3,736,589
79$6,364,740$535,261$0$4,014,143
80$6,920,953$468,499$0$4,335,585
81$7,530,971$395,537$0$4,698,429
82$8,200,190$315,978$0$5,096,611
83$8,934,553$229,403$0$5,533,725
84$9,740,605$135,372$0$6,013,730
85$10,625,559$33,418$0$6,540,993
86$11,597,358$0$0$7,120,327
87$12,664,751$0$0$7,771,435
88$13,837,380$0$0$8,493,694
89$15,125,863$0$0$9,287,405
90$16,541,898$0$0$10,159,786
91$18,098,375$0$0$11,118,790
92$19,809,493$0$0$12,173,177
93$21,690,894$0$0$13,332,601
94$23,759,815$0$0$14,607,695
95$26,035,244$0$0$16,010,176
96$28,538,102$0$0$17,552,954
97$31,291,441$0$0$19,250,252
98$34,320,658$0$0$21,117,742
99$37,653,735$0$0$23,172,691
100$41,321,506$0$0$25,434,124