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%11.3%
1 years$78,698$77,997$77,313$76,645$75,994$75,578
2 years$38,959$38,234$37,531$36,849$36,187$35,768
3 years$25,715$24,986$24,285$23,609$22,959$22,549
4 years$19,094$18,367$17,673$17,009$16,374$15,977
5 years$15,122$14,400$13,715$13,065$12,448$12,063
6 years$12,476$11,759$11,084$10,448$9,849$9,479
7 years$10,586$9,875$9,211$8,590$8,010$7,654
8 years$9,169$8,465$7,811$7,206$6,645$6,304
9 years$8,068$7,370$6,728$6,138$5,596$5,269
10 years$7,187$6,496$5,866$5,291$4,768$4,455
11 years$6,467$5,783$5,164$4,605$4,101$3,801
12 years$5,868$5,191$4,583$4,039$3,554$3,268
13 years$5,361$4,691$4,095$3,566$3,099$2,826
14 years$4,927$4,264$3,679$3,165$2,716$2,457
15 years$4,551$3,895$3,322$2,823$2,392$2,145
16 years$4,222$3,574$3,012$2,528$2,114$1,879
17 years$3,933$3,291$2,740$2,271$1,874$1,651
18 years$3,675$3,041$2,502$2,047$1,667$1,455
19 years$3,446$2,819$2,290$1,849$1,485$1,285
20 years$3,239$2,619$2,102$1,675$1,327$1,137
21 years$3,052$2,440$1,933$1,520$1,187$1,008
22 years$2,883$2,277$1,782$1,382$1,064$895
23 years$2,728$2,130$1,645$1,259$955$796
24 years$2,587$1,996$1,521$1,148$859$708
25 years$2,457$1,873$1,409$1,048$773$631
26 years$2,337$1,760$1,307$959$696$563
27 years$2,227$1,657$1,214$877$628$502
28 years$2,124$1,561$1,128$804$566$449
29 years$2,029$1,473$1,050$737$511$401
30 years$1,940$1,391$978$677$462$358
31 years$1,857$1,315$912$621$418$321
32 years$1,779$1,244$851$571$378$287
33 years$1,707$1,178$794$525$342$257
34 years$1,638$1,117$742$483$310$230
35 years$1,574$1,059$694$445$280$206
36 years$1,514$1,005$649$410$254$185
37 years$1,456$955$607$377$230$166
38 years$1,402$907$569$348$209$149
39 years$1,351$863$533$321$189$133
40 years$1,303$821$500$296$172$120
41 years$1,257$781$468$273$156$107
42 years$1,213$744$439$252$141$96
43 years$1,172$709$412$233$128$86
44 years$1,132$676$387$215$116$78
45 years$1,095$644$363$198$106$70
46 years$1,059$615$341$183$96$62
47 years$1,024$587$321$169$87$56
48 years$992$560$301$156$79$50
49 years$960$535$283$145$72$45
50 years$930$511$266$134$65$41

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $953,000, adding $3,834 every year, while hoping to spend $31,906 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: 58/17/25 Blend
53$953,000$953,000$953,000$953,000
54$1,054,161$1,003,652$988,880$1,107,961
55$1,127,737$1,018,883$988,060$1,160,368
56$1,207,750$1,033,791$986,143$1,213,752
57$1,294,820$1,048,327$983,059$1,271,283
58$1,389,634$1,062,437$978,733$1,333,369
59$1,492,945$1,076,065$973,089$1,400,463
60$1,605,583$1,089,150$966,046$1,473,062
61$1,728,462$1,101,627$957,517$1,551,717
62$1,862,586$1,113,428$947,415$1,637,036
63$2,009,062$1,124,479$935,646$1,729,688
64$2,169,108$1,134,700$922,112$1,830,414
65$2,344,065$1,144,009$906,711$1,940,027
66$2,535,410$1,152,315$889,336$2,059,430
67$2,744,768$1,159,524$869,875$2,189,615
68$2,973,929$1,165,536$848,210$2,331,677
69$3,224,864$1,170,241$824,219$2,486,826
70$3,499,743$1,173,526$797,774$2,656,397
71$3,800,958$1,175,269$768,740$2,841,859
72$4,131,139$1,175,342$736,977$3,044,838
73$4,493,188$1,173,606$702,338$3,267,123
74$4,890,297$1,169,916$664,670$3,510,690
75$5,325,983$1,164,118$623,812$3,777,719
76$5,804,120$1,156,047$579,597$4,070,613
77$6,328,977$1,145,530$531,850$4,392,023
78$6,905,254$1,132,382$480,388$4,744,876
79$7,538,128$1,116,407$425,019$5,132,394
80$8,233,304$1,097,398$365,545$5,558,138
81$8,997,067$1,075,136$301,756$6,026,029
82$9,836,338$1,049,388$233,435$6,540,395
83$10,758,744$1,019,908$160,355$7,106,008
84$11,772,688$986,435$82,279$7,728,132
85$12,887,425$948,693$0$8,412,568
86$14,113,154$906,390$0$9,165,995
87$15,461,110$859,218$0$10,018,632
88$16,943,673$806,850$0$10,956,362
89$18,574,481$748,939$0$11,987,839
90$20,368,562$685,121$0$13,122,603
91$22,342,474$615,010$0$14,371,167
92$24,514,458$538,198$0$15,745,119
93$26,904,616$454,253$0$17,257,227
94$29,535,095$362,719$0$18,921,567
95$32,430,299$263,116$0$20,753,649
96$35,617,116$154,936$0$22,770,568
97$39,125,174$37,640$0$24,991,165
98$42,987,121$0$0$27,436,205
99$47,238,928$0$0$30,145,285
100$51,920,233$0$0$33,135,878