Can I retire at age 54 with 952,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $952,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.4%
1 years$78,615$77,915$77,232$76,565$75,914$75,152
2 years$38,918$38,194$37,491$36,810$36,149$35,382
3 years$25,688$24,960$24,259$23,585$22,935$22,186
4 years$19,074$18,348$17,655$16,991$16,357$15,633
5 years$15,107$14,385$13,701$13,051$12,434$11,736
6 years$12,463$11,747$11,072$10,437$9,839$9,168
7 years$10,575$9,865$9,201$8,581$8,002$7,358
8 years$9,159$8,456$7,803$7,198$6,638$6,022
9 years$8,059$7,362$6,721$6,131$5,590$5,001
10 years$7,180$6,490$5,859$5,285$4,763$4,200
11 years$6,460$5,777$5,159$4,600$4,097$3,560
12 years$5,862$5,185$4,578$4,035$3,550$3,039
13 years$5,355$4,686$4,090$3,562$3,096$2,610
14 years$4,921$4,260$3,675$3,162$2,714$2,252
15 years$4,546$3,891$3,318$2,820$2,389$1,952
16 years$4,218$3,570$3,008$2,525$2,112$1,697
17 years$3,928$3,288$2,737$2,269$1,872$1,480
18 years$3,671$3,038$2,499$2,044$1,665$1,294
19 years$3,442$2,816$2,288$1,847$1,484$1,134
20 years$3,236$2,617$2,100$1,673$1,325$996
21 years$3,049$2,437$1,931$1,518$1,186$876
22 years$2,880$2,275$1,780$1,381$1,063$771
23 years$2,725$2,128$1,643$1,257$954$680
24 years$2,584$1,994$1,520$1,147$858$600
25 years$2,454$1,871$1,408$1,047$772$530
26 years$2,335$1,758$1,306$958$695$469
27 years$2,224$1,655$1,212$877$627$415
28 years$2,122$1,559$1,127$803$566$367
29 years$2,027$1,471$1,049$736$511$325
30 years$1,938$1,389$977$676$461$288
31 years$1,855$1,313$911$621$417$255
32 years$1,778$1,243$850$570$377$227
33 years$1,705$1,177$793$525$342$201
34 years$1,637$1,115$741$483$309$178
35 years$1,572$1,058$693$444$280$158
36 years$1,512$1,004$648$409$254$141
37 years$1,455$954$607$377$230$125
38 years$1,401$906$568$348$209$111
39 years$1,350$862$532$320$189$99
40 years$1,302$820$499$296$172$88
41 years$1,256$781$468$273$156$78
42 years$1,212$743$439$252$141$69
43 years$1,171$708$412$232$128$62
44 years$1,131$675$387$214$116$55
45 years$1,094$644$363$198$106$49
46 years$1,058$614$341$183$96$43
47 years$1,023$586$320$169$87$38
48 years$991$559$301$156$79$34
49 years$959$534$283$144$72$30
50 years$929$510$266$133$65$27

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $952,000, adding $3,454 every year, while hoping to spend $55,464 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: 78/11/11 Blend
53$952,000$952,000$952,000$952,000
54$1,052,667$1,002,211$987,455$1,132,418
55$1,101,026$992,306$961,521$1,175,441
56$1,152,458$980,057$932,860$1,215,143
57$1,207,219$965,290$901,321$1,257,094
58$1,265,588$947,821$866,748$1,301,495
59$1,327,870$927,457$828,976$1,348,567
60$1,394,401$903,990$787,835$1,398,556
61$1,465,547$877,203$743,144$1,451,731
62$1,541,710$846,864$694,718$1,508,390
63$1,623,333$812,729$642,359$1,568,863
64$1,710,899$774,538$585,864$1,633,513
65$1,804,939$732,019$525,019$1,702,741
66$1,906,037$684,882$459,601$1,776,989
67$2,014,832$632,820$389,377$1,856,745
68$2,132,026$575,510$314,103$1,942,550
69$2,258,393$512,610$233,525$2,034,997
70$2,394,779$443,758$147,378$2,134,745
71$2,542,117$368,572$55,386$2,242,520
72$2,701,430$286,649$0$2,359,120
73$2,873,843$197,562$0$2,490,454
74$3,060,594$100,862$0$2,639,738
75$3,263,042$0$0$2,801,578
76$3,482,684$0$0$2,977,679
77$3,721,163$0$0$3,182,166
78$3,980,290$0$0$3,404,384
79$4,262,054$0$0$3,646,045
80$4,568,644$0$0$3,909,028
81$4,902,471$0$0$4,195,405
82$5,266,184$0$0$4,507,454
83$5,662,702$0$0$4,847,682
84$6,095,234$0$0$5,218,847
85$6,567,316$0$0$5,623,987
86$7,082,836$0$0$6,066,446
87$7,646,077$0$0$6,549,902
88$8,261,753$0$0$7,078,409
89$8,935,056$0$0$7,656,427
90$9,671,700$0$0$8,288,867
91$10,477,977$0$0$8,981,137
92$11,360,817$0$0$9,739,194
93$12,327,850$0$0$10,569,595
94$13,387,480$0$0$11,479,562
95$14,548,962$0$0$12,477,050
96$15,822,487$0$0$13,570,818
97$17,219,281$0$0$14,770,516
98$18,751,711$0$0$16,086,771
99$20,433,394$0$0$17,531,288
100$22,279,332$0$0$19,116,961