Can I retire at age 54 with 952,000?

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 $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%15.4%
1 years$78,615$77,915$77,232$76,565$75,914$74,229
2 years$38,918$38,194$37,491$36,810$36,149$34,461
3 years$25,688$24,960$24,259$23,585$22,935$21,295
4 years$19,074$18,348$17,655$16,991$16,357$14,779
5 years$15,107$14,385$13,701$13,051$12,434$10,923
6 years$12,463$11,747$11,072$10,437$9,839$8,395
7 years$10,575$9,865$9,201$8,581$8,002$6,625
8 years$9,159$8,456$7,803$7,198$6,638$5,329
9 years$8,059$7,362$6,721$6,131$5,590$4,347
10 years$7,180$6,490$5,859$5,285$4,763$3,585
11 years$6,460$5,777$5,159$4,600$4,097$2,982
12 years$5,862$5,185$4,578$4,035$3,550$2,497
13 years$5,355$4,686$4,090$3,562$3,096$2,103
14 years$4,921$4,260$3,675$3,162$2,714$1,778
15 years$4,546$3,891$3,318$2,820$2,389$1,510
16 years$4,218$3,570$3,008$2,525$2,112$1,286
17 years$3,928$3,288$2,737$2,269$1,872$1,098
18 years$3,671$3,038$2,499$2,044$1,665$939
19 years$3,442$2,816$2,288$1,847$1,484$805
20 years$3,236$2,617$2,100$1,673$1,325$691
21 years$3,049$2,437$1,931$1,518$1,186$594
22 years$2,880$2,275$1,780$1,381$1,063$511
23 years$2,725$2,128$1,643$1,257$954$440
24 years$2,584$1,994$1,520$1,147$858$380
25 years$2,454$1,871$1,408$1,047$772$328
26 years$2,335$1,758$1,306$958$695$283
27 years$2,224$1,655$1,212$877$627$244
28 years$2,122$1,559$1,127$803$566$211
29 years$2,027$1,471$1,049$736$511$182
30 years$1,938$1,389$977$676$461$158
31 years$1,855$1,313$911$621$417$136
32 years$1,778$1,243$850$570$377$118
33 years$1,705$1,177$793$525$342$102
34 years$1,637$1,115$741$483$309$88
35 years$1,572$1,058$693$444$280$77
36 years$1,512$1,004$648$409$254$66
37 years$1,455$954$607$377$230$57
38 years$1,401$906$568$348$209$50
39 years$1,350$862$532$320$189$43
40 years$1,302$820$499$296$172$37
41 years$1,256$781$468$273$156$32
42 years$1,212$743$439$252$141$28
43 years$1,171$708$412$232$128$24
44 years$1,131$675$387$214$116$21
45 years$1,094$644$363$198$106$18
46 years$1,058$614$341$183$96$16
47 years$1,023$586$320$169$87$14
48 years$991$559$301$156$79$12
49 years$959$534$283$144$72$10
50 years$929$510$266$133$65$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $952,000, adding $3,229 every year, while hoping to spend $32,444 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: 35/44/21 Blend
53$952,000$952,000$952,000$952,000
54$1,052,435$1,001,979$987,223$1,082,445
55$1,125,263$1,016,556$985,775$1,119,382
56$1,204,432$1,030,759$983,190$1,155,983
57$1,290,555$1,044,537$979,398$1,194,809
58$1,384,306$1,057,833$974,322$1,236,078
59$1,486,425$1,070,588$967,882$1,280,031
60$1,597,730$1,082,736$959,995$1,326,936
61$1,719,118$1,094,210$950,575$1,377,089
62$1,851,578$1,104,936$939,529$1,430,816
63$1,996,198$1,114,836$926,762$1,488,482
64$2,154,175$1,123,829$912,174$1,550,487
65$2,326,829$1,131,824$895,659$1,617,278
66$2,515,610$1,138,728$877,109$1,689,347
67$2,722,118$1,144,441$856,408$1,767,240
68$2,948,112$1,148,857$833,435$1,851,559
69$3,195,529$1,151,861$808,066$1,942,973
70$3,466,505$1,153,334$780,168$2,042,222
71$3,763,389$1,153,148$749,603$2,150,122
72$4,088,769$1,151,166$716,229$2,267,578
73$4,445,495$1,147,246$679,895$2,395,590
74$4,836,708$1,141,232$640,443$2,535,265
75$5,265,863$1,132,964$597,710$2,687,825
76$5,736,771$1,122,269$551,522$2,854,624
77$6,253,625$1,108,964$501,702$3,037,155
78$6,821,048$1,092,856$448,062$3,237,071
79$7,444,128$1,073,739$390,405$3,456,199
80$8,128,473$1,051,397$328,528$3,696,556
81$8,880,261$1,025,599$262,218$3,960,373
82$9,706,296$996,101$191,250$4,250,114
83$10,614,074$962,645$115,392$4,568,500
84$11,611,853$924,959$34,402$4,918,538
85$12,708,734$882,754$0$5,303,550
86$13,914,739$835,723$0$5,738,861
87$15,240,913$783,544$0$6,225,848
88$16,699,423$725,874$0$6,761,329
89$18,303,674$662,353$0$7,350,308
90$20,068,439$592,597$0$7,998,304
91$22,009,989$516,204$0$8,711,409
92$24,146,257$432,747$0$9,496,339
93$26,496,998$341,775$0$10,360,508
94$29,083,981$242,811$0$11,312,090
95$31,931,192$135,354$0$12,360,104
96$35,065,058$18,871$0$13,514,498
97$38,514,701$0$0$14,786,245
98$42,312,207$0$0$16,239,349
99$46,492,932$0$0$17,849,320
100$51,095,835$0$0$19,622,045