Can I retire at age 54 with 954,000?

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 $954,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.4%
1 years$78,780$78,079$77,394$76,726$76,073$74,084
2 years$39,000$38,274$37,570$36,887$36,225$34,235
3 years$25,742$25,012$24,310$23,634$22,983$21,053
4 years$19,114$18,387$17,692$17,027$16,392$14,538
5 years$15,138$14,415$13,729$13,078$12,461$10,688
6 years$12,489$11,771$11,095$10,459$9,860$8,169
7 years$10,597$9,886$9,220$8,599$8,019$6,411
8 years$9,179$8,474$7,820$7,213$6,652$5,127
9 years$8,076$7,378$6,735$6,144$5,602$4,157
10 years$7,195$6,503$5,872$5,296$4,773$3,407
11 years$6,474$5,789$5,169$4,609$4,105$2,816
12 years$5,874$5,196$4,588$4,043$3,557$2,343
13 years$5,366$4,696$4,099$3,569$3,102$1,959
14 years$4,932$4,268$3,683$3,169$2,719$1,646
15 years$4,556$3,899$3,325$2,826$2,394$1,388
16 years$4,227$3,578$3,015$2,530$2,116$1,173
17 years$3,937$3,295$2,743$2,273$1,876$994
18 years$3,679$3,045$2,504$2,049$1,668$844
19 years$3,449$2,822$2,292$1,851$1,487$718
20 years$3,242$2,622$2,104$1,677$1,328$612
21 years$3,055$2,442$1,935$1,522$1,189$522
22 years$2,886$2,280$1,784$1,384$1,065$446
23 years$2,731$2,132$1,647$1,260$956$381
24 years$2,590$1,998$1,523$1,149$860$326
25 years$2,460$1,875$1,411$1,050$774$279
26 years$2,340$1,762$1,308$960$697$239
27 years$2,229$1,658$1,215$878$628$205
28 years$2,126$1,563$1,129$805$567$175
29 years$2,031$1,474$1,051$738$512$150
30 years$1,942$1,392$979$677$462$129
31 years$1,859$1,316$913$622$418$111
32 years$1,781$1,245$852$572$378$95
33 years$1,708$1,179$795$526$342$81
34 years$1,640$1,118$743$484$310$70
35 years$1,576$1,060$695$445$281$60
36 years$1,515$1,006$650$410$254$52
37 years$1,458$956$608$378$230$44
38 years$1,404$908$569$348$209$38
39 years$1,353$864$534$321$189$33
40 years$1,304$822$500$296$172$28
41 years$1,258$782$469$273$156$24
42 years$1,215$745$440$252$141$21
43 years$1,173$710$413$233$128$18
44 years$1,133$677$387$215$117$15
45 years$1,096$645$364$199$106$13
46 years$1,060$615$342$183$96$11
47 years$1,026$587$321$169$87$10
48 years$993$561$302$157$79$8
49 years$961$535$284$145$72$7
50 years$931$511$267$134$65$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $954,000, adding $3,200 every year, while hoping to spend $25,848 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: 82/11/7 Blend
53$954,000$954,000$954,000$954,000
54$1,054,609$1,004,047$989,260$1,140,110
55$1,134,677$1,025,743$994,898$1,218,189
56$1,222,045$1,047,636$999,859$1,300,103
57$1,317,432$1,069,708$1,004,092$1,389,233
58$1,421,626$1,091,940$1,007,545$1,486,286
59$1,535,498$1,114,311$1,010,163$1,592,043
60$1,660,003$1,136,797$1,011,889$1,707,360
61$1,796,197$1,159,373$1,012,660$1,833,183
62$1,945,238$1,182,012$1,012,414$1,970,553
63$2,108,406$1,204,683$1,011,083$2,120,616
64$2,287,106$1,227,356$1,008,597$2,284,634
65$2,482,889$1,249,994$1,004,883$2,464,000
66$2,697,460$1,272,560$999,863$2,660,243
67$2,932,699$1,295,014$993,456$2,875,053
68$3,190,675$1,317,310$985,578$3,110,288
69$3,473,668$1,339,403$976,139$3,367,997
70$3,784,190$1,361,241$965,047$3,650,436
71$4,125,004$1,382,769$952,203$3,960,092
72$4,499,160$1,403,929$937,507$4,299,702
73$4,910,011$1,424,659$920,850$4,672,284
74$5,361,255$1,444,890$902,122$5,081,164
75$5,856,964$1,464,551$881,204$5,530,005
76$6,401,625$1,483,564$857,975$6,022,843
77$7,000,179$1,501,848$832,306$6,564,125
78$7,658,072$1,519,313$804,063$7,158,752
79$8,381,303$1,535,866$773,106$7,812,124
80$9,176,479$1,551,407$739,288$8,530,191
81$10,050,882$1,565,828$702,456$9,319,507
82$11,012,534$1,579,015$662,451$10,187,299
83$12,070,272$1,590,847$619,103$11,141,526
84$13,233,836$1,601,195$572,239$12,190,961
85$14,513,954$1,609,920$521,675$13,345,270
86$15,922,447$1,616,876$467,221$14,615,105
87$17,472,340$1,621,906$408,677$16,012,203
88$19,177,986$1,624,847$345,834$17,549,499
89$21,055,196$1,625,520$278,476$19,241,246
90$23,121,395$1,623,740$206,374$21,103,152
91$25,395,782$1,619,307$129,292$23,152,525
92$27,899,510$1,612,012$46,981$25,408,439
93$30,655,889$1,601,629$0$27,891,913
94$33,690,603$1,587,923$0$30,629,162
95$37,031,955$1,570,641$0$33,646,602
96$40,711,129$1,549,517$0$36,968,870
97$44,762,489$1,524,269$0$40,626,987
98$49,223,901$1,494,596$0$44,655,134
99$54,137,090$1,460,182$0$49,090,979
100$59,548,033$1,420,690$0$53,976,031