Can I retire at age 54 with 955,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%14.2%
1 years$78,863$78,161$77,475$76,806$76,153$74,830
2 years$39,041$38,314$37,609$36,926$36,263$34,935
3 years$25,769$25,039$24,336$23,659$23,007$21,714
4 years$19,134$18,406$17,710$17,045$16,409$15,162
5 years$15,154$14,431$13,744$13,092$12,474$11,276
6 years$12,502$11,784$11,107$10,470$9,870$8,723
7 years$10,608$9,896$9,230$8,608$8,027$6,931
8 years$9,188$8,483$7,828$7,221$6,659$5,614
9 years$8,085$7,386$6,742$6,151$5,608$4,613
10 years$7,202$6,510$5,878$5,302$4,778$3,832
11 years$6,481$5,796$5,175$4,614$4,109$3,212
12 years$5,880$5,202$4,592$4,047$3,561$2,710
13 years$5,372$4,701$4,103$3,573$3,105$2,300
14 years$4,937$4,273$3,687$3,172$2,722$1,962
15 years$4,560$3,903$3,329$2,829$2,397$1,679
16 years$4,231$3,581$3,018$2,533$2,118$1,442
17 years$3,941$3,298$2,746$2,276$1,878$1,242
18 years$3,683$3,048$2,507$2,051$1,670$1,072
19 years$3,453$2,825$2,295$1,853$1,489$927
20 years$3,246$2,625$2,106$1,678$1,330$803
21 years$3,059$2,445$1,937$1,523$1,190$697
22 years$2,889$2,282$1,785$1,385$1,067$605
23 years$2,734$2,134$1,649$1,261$957$526
24 years$2,592$2,000$1,525$1,150$861$458
25 years$2,462$1,877$1,412$1,051$774$399
26 years$2,342$1,764$1,310$961$697$348
27 years$2,231$1,660$1,216$879$629$303
28 years$2,128$1,564$1,131$806$567$264
29 years$2,033$1,476$1,052$739$512$231
30 years$1,944$1,394$980$678$463$202
31 years$1,861$1,317$914$623$419$176
32 years$1,783$1,247$852$572$379$154
33 years$1,710$1,181$796$526$343$135
34 years$1,642$1,119$744$484$310$118
35 years$1,577$1,061$695$446$281$103
36 years$1,517$1,007$650$411$255$90
37 years$1,460$957$609$378$231$79
38 years$1,405$909$570$349$209$69
39 years$1,354$865$534$321$190$60
40 years$1,306$823$501$296$172$53
41 years$1,260$783$469$274$156$46
42 years$1,216$746$440$252$142$40
43 years$1,174$710$413$233$129$35
44 years$1,135$677$388$215$117$31
45 years$1,097$646$364$199$106$27
46 years$1,061$616$342$184$96$24
47 years$1,027$588$321$170$87$21
48 years$994$561$302$157$79$18
49 years$962$536$284$145$72$16
50 years$932$512$267$134$65$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $955,000, adding $2,602 every year, while hoping to spend $50,617 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$955,000$955,000$955,000$955,000
54$1,055,094$1,004,479$989,676$1,140,685
55$1,108,857$999,842$968,975$1,192,401
56$1,166,408$993,282$945,883$1,242,134
57$1,228,080$984,650$920,267$1,295,173
58$1,294,236$973,791$891,989$1,351,821
59$1,365,279$960,537$860,901$1,412,410
60$1,441,647$944,714$826,851$1,477,306
61$1,523,824$926,134$789,680$1,546,912
62$1,612,340$904,600$749,220$1,621,673
63$1,707,777$879,903$705,296$1,702,079
64$1,810,774$851,822$657,727$1,788,668
65$1,922,033$820,122$606,322$1,882,035
66$2,042,328$784,556$550,882$1,982,835
67$2,172,507$744,860$491,197$2,091,789
68$2,313,503$700,758$427,053$2,209,694
69$2,466,341$651,957$358,220$2,337,426
70$2,632,150$598,145$284,463$2,475,952
71$2,812,171$538,995$205,533$2,626,337
72$3,007,767$474,160$121,173$2,789,755
73$3,220,439$403,274$31,112$2,967,502
74$3,451,839$325,950$0$3,161,005
75$3,703,784$241,779$0$3,376,692
76$3,978,273$150,328$0$3,614,238
77$4,277,505$51,143$0$3,873,254
78$4,603,903$0$0$4,155,871
79$4,960,132$0$0$4,471,249
80$5,349,125$0$0$4,822,415
81$5,774,111$0$0$5,206,095
82$6,238,647$0$0$5,625,501
83$6,746,645$0$0$6,084,171
84$7,302,417$0$0$6,585,999
85$7,910,707$0$0$7,135,273
86$8,576,741$0$0$7,736,713
87$9,306,274$0$0$8,395,521
88$10,105,642$0$0$9,117,421
89$10,981,825$0$0$9,908,720
90$11,942,509$0$0$10,776,363
91$12,996,160$0$0$11,728,000
92$14,152,101$0$0$12,772,056
93$15,420,605$0$0$13,917,811
94$16,812,982$0$0$15,175,488
95$18,341,696$0$0$16,556,347
96$20,020,473$0$0$18,072,792
97$21,864,435$0$0$19,738,486
98$23,890,239$0$0$21,568,483
99$26,116,239$0$0$23,579,365
100$28,562,650$0$0$25,789,400