Can I retire at age 54 with 955,000?

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 $955,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.2%
1 years$78,863$78,161$77,475$76,806$76,153$75,139
2 years$39,041$38,314$37,609$36,926$36,263$35,244
3 years$25,769$25,039$24,336$23,659$23,007$22,013
4 years$19,134$18,406$17,710$17,045$16,409$15,448
5 years$15,154$14,431$13,744$13,092$12,474$11,549
6 years$12,502$11,784$11,107$10,470$9,870$8,983
7 years$10,608$9,896$9,230$8,608$8,027$7,177
8 years$9,188$8,483$7,828$7,221$6,659$5,847
9 years$8,085$7,386$6,742$6,151$5,608$4,833
10 years$7,202$6,510$5,878$5,302$4,778$4,040
11 years$6,481$5,796$5,175$4,614$4,109$3,407
12 years$5,880$5,202$4,592$4,047$3,561$2,894
13 years$5,372$4,701$4,103$3,573$3,105$2,472
14 years$4,937$4,273$3,687$3,172$2,722$2,122
15 years$4,560$3,903$3,329$2,829$2,397$1,829
16 years$4,231$3,581$3,018$2,533$2,118$1,582
17 years$3,941$3,298$2,746$2,276$1,878$1,372
18 years$3,683$3,048$2,507$2,051$1,670$1,193
19 years$3,453$2,825$2,295$1,853$1,489$1,039
20 years$3,246$2,625$2,106$1,678$1,330$907
21 years$3,059$2,445$1,937$1,523$1,190$793
22 years$2,889$2,282$1,785$1,385$1,067$694
23 years$2,734$2,134$1,649$1,261$957$608
24 years$2,592$2,000$1,525$1,150$861$533
25 years$2,462$1,877$1,412$1,051$774$468
26 years$2,342$1,764$1,310$961$697$411
27 years$2,231$1,660$1,216$879$629$362
28 years$2,128$1,564$1,131$806$567$318
29 years$2,033$1,476$1,052$739$512$280
30 years$1,944$1,394$980$678$463$246
31 years$1,861$1,317$914$623$419$217
32 years$1,783$1,247$852$572$379$191
33 years$1,710$1,181$796$526$343$169
34 years$1,642$1,119$744$484$310$149
35 years$1,577$1,061$695$446$281$131
36 years$1,517$1,007$650$411$255$116
37 years$1,460$957$609$378$231$102
38 years$1,405$909$570$349$209$90
39 years$1,354$865$534$321$190$79
40 years$1,306$823$501$296$172$70
41 years$1,260$783$469$274$156$62
42 years$1,216$746$440$252$142$55
43 years$1,174$710$413$233$129$48
44 years$1,135$677$388$215$117$43
45 years$1,097$646$364$199$106$38
46 years$1,061$616$342$184$96$33
47 years$1,027$588$321$170$87$29
48 years$994$561$302$157$79$26
49 years$962$536$284$145$72$23
50 years$932$512$267$134$65$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $955,000, adding $5,329 every year, while hoping to spend $22,283 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: 57/33/10 Blend
53$955,000$955,000$955,000$955,000
54$1,057,907$1,007,292$992,489$1,115,355
55$1,142,104$1,032,940$1,002,029$1,180,375
56$1,234,143$1,059,099$1,011,141$1,248,244
57$1,334,800$1,085,768$1,019,788$1,321,656
58$1,444,929$1,112,950$1,027,930$1,401,145
59$1,565,471$1,140,644$1,035,526$1,487,298
60$1,697,463$1,168,850$1,042,530$1,580,761
61$1,842,046$1,197,566$1,048,897$1,682,246
62$2,000,478$1,226,789$1,054,577$1,792,536
63$2,174,141$1,256,516$1,059,520$1,912,494
64$2,364,560$1,286,743$1,063,671$2,043,071
65$2,573,416$1,317,463$1,066,974$2,185,314
66$2,802,556$1,348,671$1,069,370$2,340,376
67$3,054,018$1,380,357$1,070,795$2,509,527
68$3,330,045$1,412,512$1,071,184$2,694,166
69$3,633,110$1,445,125$1,070,469$2,895,836
70$3,965,934$1,478,183$1,068,576$3,116,234
71$4,331,517$1,511,672$1,065,432$3,357,231
72$4,733,163$1,545,575$1,060,955$3,620,890
73$5,174,512$1,579,874$1,055,063$3,909,481
74$5,659,573$1,614,548$1,047,668$4,225,508
75$6,192,763$1,649,576$1,038,679$4,571,727
76$6,778,951$1,684,931$1,028,001$4,951,178
77$7,423,497$1,720,585$1,015,532$5,367,209
78$8,132,310$1,756,510$1,001,168$5,823,508
79$8,911,897$1,792,670$984,799$6,324,142
80$9,769,430$1,829,031$966,309$6,873,591
81$10,712,810$1,865,551$945,578$7,476,791
82$11,750,741$1,902,188$922,480$8,139,183
83$12,892,817$1,938,895$896,883$8,866,762
84$14,149,604$1,975,621$868,648$9,666,134
85$15,532,748$2,012,311$837,632$10,544,579
86$17,055,078$2,048,904$803,683$11,510,122
87$18,730,733$2,085,338$766,644$12,571,604
88$20,575,291$2,121,542$726,349$13,738,769
89$22,605,914$2,157,441$682,626$15,022,355
90$24,841,518$2,192,956$635,294$16,434,196
91$27,302,942$2,228,000$584,165$17,987,334
92$30,013,150$2,262,480$529,043$19,696,140
93$32,997,446$2,296,297$469,721$21,576,454
94$36,283,714$2,329,344$405,985$23,645,732
95$39,902,678$2,361,507$337,610$25,923,209
96$43,888,194$2,392,663$264,363$28,430,087
97$48,277,569$2,422,683$185,999$31,189,729
98$53,111,913$2,451,426$102,261$34,227,883
99$58,436,526$2,478,744$12,885$37,572,925
100$64,301,326$2,504,477$0$41,256,127