Can I retire at age 54 with 953,000?

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 $953,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.8%
1 years$78,698$77,997$77,313$76,645$75,994$74,796
2 years$38,959$38,234$37,531$36,849$36,187$34,984
3 years$25,715$24,986$24,285$23,609$22,959$21,787
4 years$19,094$18,367$17,673$17,009$16,374$15,243
5 years$15,122$14,400$13,715$13,065$12,448$11,360
6 years$12,476$11,759$11,084$10,448$9,849$8,807
7 years$10,586$9,875$9,211$8,590$8,010$7,014
8 years$9,169$8,465$7,811$7,206$6,645$5,694
9 years$8,068$7,370$6,728$6,138$5,596$4,690
10 years$7,187$6,496$5,866$5,291$4,768$3,906
11 years$6,467$5,783$5,164$4,605$4,101$3,282
12 years$5,868$5,191$4,583$4,039$3,554$2,777
13 years$5,361$4,691$4,095$3,566$3,099$2,363
14 years$4,927$4,264$3,679$3,165$2,716$2,020
15 years$4,551$3,895$3,322$2,823$2,392$1,734
16 years$4,222$3,574$3,012$2,528$2,114$1,493
17 years$3,933$3,291$2,740$2,271$1,874$1,290
18 years$3,675$3,041$2,502$2,047$1,667$1,116
19 years$3,446$2,819$2,290$1,849$1,485$968
20 years$3,239$2,619$2,102$1,675$1,327$841
21 years$3,052$2,440$1,933$1,520$1,187$732
22 years$2,883$2,277$1,782$1,382$1,064$638
23 years$2,728$2,130$1,645$1,259$955$556
24 years$2,587$1,996$1,521$1,148$859$486
25 years$2,457$1,873$1,409$1,048$773$424
26 years$2,337$1,760$1,307$959$696$371
27 years$2,227$1,657$1,214$877$628$325
28 years$2,124$1,561$1,128$804$566$284
29 years$2,029$1,473$1,050$737$511$249
30 years$1,940$1,391$978$677$462$218
31 years$1,857$1,315$912$621$418$191
32 years$1,779$1,244$851$571$378$168
33 years$1,707$1,178$794$525$342$147
34 years$1,638$1,117$742$483$310$129
35 years$1,574$1,059$694$445$280$113
36 years$1,514$1,005$649$410$254$99
37 years$1,456$955$607$377$230$87
38 years$1,402$907$569$348$209$76
39 years$1,351$863$533$321$189$67
40 years$1,303$821$500$296$172$59
41 years$1,257$781$468$273$156$52
42 years$1,213$744$439$252$141$45
43 years$1,172$709$412$233$128$40
44 years$1,132$676$387$215$116$35
45 years$1,095$644$363$198$106$31
46 years$1,059$615$341$183$96$27
47 years$1,024$587$321$169$87$24
48 years$992$560$301$156$79$21
49 years$960$535$283$145$72$18
50 years$930$511$266$134$65$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $953,000, adding $3,052 every year, while hoping to spend $20,297 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: 37/48/15 Blend
53$953,000$953,000$953,000$953,000
54$1,053,354$1,002,845$988,074$1,087,415
55$1,139,200$1,030,389$999,578$1,139,710
56$1,233,123$1,058,602$1,010,788$1,193,995
57$1,335,923$1,087,495$1,021,672$1,252,193
58$1,448,486$1,117,081$1,032,196$1,314,666
59$1,571,783$1,147,370$1,042,326$1,381,810
60$1,706,887$1,178,372$1,052,026$1,454,062
61$1,854,977$1,210,100$1,061,256$1,531,903
62$2,017,352$1,242,563$1,069,976$1,615,862
63$2,195,445$1,275,771$1,078,143$1,706,521
64$2,390,831$1,309,735$1,085,712$1,804,520
65$2,605,247$1,344,463$1,092,634$1,910,565
66$2,840,606$1,379,966$1,098,862$2,025,434
67$3,099,015$1,416,251$1,104,340$2,149,981
68$3,382,795$1,453,328$1,109,016$2,285,148
69$3,694,502$1,491,203$1,112,830$2,431,973
70$4,036,953$1,529,883$1,115,722$2,591,598
71$4,413,251$1,569,376$1,117,627$2,765,283
72$4,826,814$1,609,687$1,118,479$2,954,412
73$5,281,408$1,650,820$1,118,206$3,160,514
74$5,781,181$1,692,780$1,116,736$3,385,270
75$6,330,705$1,735,570$1,113,991$3,630,534
76$6,935,016$1,779,192$1,109,888$3,898,348
77$7,599,661$1,823,646$1,104,343$4,190,961
78$8,330,754$1,868,933$1,097,266$4,510,852
79$9,135,031$1,915,050$1,088,565$4,860,752
80$10,019,912$1,961,996$1,078,139$5,243,670
81$10,993,574$2,009,764$1,065,888$5,662,922
82$12,065,025$2,058,349$1,051,702$6,122,161
83$13,244,193$2,107,744$1,035,469$6,625,414
84$14,542,015$2,157,938$1,017,072$7,177,116
85$15,970,543$2,208,919$996,386$7,782,158
86$17,543,055$2,260,673$973,282$8,445,926
87$19,274,185$2,313,184$947,625$9,174,358
88$21,180,055$2,366,432$919,273$9,973,995
89$23,278,430$2,420,397$888,078$10,852,049
90$25,588,886$2,475,054$853,886$11,816,464
91$28,132,996$2,530,374$816,533$12,875,997
92$30,934,526$2,586,327$775,852$14,040,297
93$34,019,670$2,642,879$731,665$15,320,001
94$37,417,288$2,699,992$683,788$16,726,827
95$41,159,182$2,757,622$632,026$18,273,692
96$45,280,398$2,815,725$576,177$19,974,830
97$49,819,551$2,874,248$516,032$21,845,929
98$54,819,196$2,933,137$451,370$23,904,278
99$60,326,223$2,992,329$381,960$26,168,928
100$66,392,303$3,051,760$307,561$28,660,879