Can I retire at age 54 with 956,000?

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 $956,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.8%
1 years$78,946$78,242$77,556$76,887$76,233$75,343
2 years$39,082$38,354$37,649$36,965$36,301$35,405
3 years$25,796$25,065$24,361$23,684$23,031$22,157
4 years$19,154$18,425$17,729$17,063$16,426$15,581
5 years$15,170$14,446$13,758$13,106$12,487$11,673
6 years$12,515$11,796$11,119$10,481$9,880$9,098
7 years$10,619$9,906$9,240$8,617$8,035$7,286
8 years$9,198$8,491$7,836$7,228$6,666$5,949
9 years$8,093$7,393$6,749$6,157$5,614$4,929
10 years$7,210$6,517$5,884$5,307$4,783$4,130
11 years$6,488$5,802$5,180$4,619$4,114$3,492
12 years$5,886$5,207$4,597$4,052$3,565$2,973
13 years$5,378$4,706$4,107$3,577$3,109$2,547
14 years$4,942$4,277$3,691$3,175$2,725$2,192
15 years$4,565$3,908$3,332$2,832$2,399$1,895
16 years$4,235$3,585$3,021$2,535$2,121$1,643
17 years$3,945$3,302$2,749$2,278$1,880$1,429
18 years$3,687$3,051$2,509$2,053$1,672$1,246
19 years$3,456$2,828$2,297$1,855$1,490$1,088
20 years$3,249$2,628$2,108$1,680$1,331$953
21 years$3,062$2,447$1,939$1,525$1,191$835
22 years$2,892$2,285$1,787$1,386$1,068$733
23 years$2,737$2,137$1,650$1,263$958$645
24 years$2,595$2,002$1,526$1,152$861$567
25 years$2,465$1,879$1,414$1,052$775$499
26 years$2,345$1,766$1,311$962$698$440
27 years$2,234$1,662$1,217$880$630$388
28 years$2,131$1,566$1,132$806$568$343
29 years$2,035$1,477$1,053$740$513$302
30 years$1,946$1,395$981$679$463$267
31 years$1,863$1,319$915$623$419$236
32 years$1,785$1,248$853$573$379$209
33 years$1,712$1,182$797$527$343$185
34 years$1,644$1,120$744$485$311$163
35 years$1,579$1,062$696$446$281$145
36 years$1,518$1,008$651$411$255$128
37 years$1,461$958$609$379$231$113
38 years$1,407$910$571$349$209$100
39 years$1,356$865$535$322$190$89
40 years$1,307$823$501$297$172$79
41 years$1,261$784$470$274$156$70
42 years$1,217$746$441$253$142$62
43 years$1,175$711$414$233$129$55
44 years$1,136$678$388$215$117$48
45 years$1,098$646$365$199$106$43
46 years$1,062$617$342$184$96$38
47 years$1,028$589$322$170$87$34
48 years$995$562$302$157$79$30
49 years$963$537$284$145$72$26
50 years$933$513$267$134$65$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $956,000, adding $2,561 every year, while hoping to spend $20,806 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: 68/17/15 Blend
53$956,000$956,000$956,000$956,000
54$1,056,154$1,005,486$990,668$1,124,107
55$1,141,744$1,032,617$1,001,718$1,196,846
56$1,235,367$1,060,381$1,012,440$1,273,675
57$1,337,820$1,088,785$1,022,803$1,357,181
58$1,449,982$1,117,840$1,032,771$1,448,018
59$1,572,819$1,147,552$1,042,308$1,546,907
60$1,707,396$1,177,932$1,051,374$1,654,642
61$1,854,885$1,208,985$1,059,930$1,772,096
62$2,016,578$1,240,721$1,067,933$1,900,232
63$2,193,898$1,273,145$1,075,337$2,040,110
64$2,388,410$1,306,263$1,082,096$2,192,898
65$2,601,841$1,340,083$1,088,159$2,359,882
66$2,836,091$1,374,610$1,093,474$2,542,479
67$3,093,254$1,409,847$1,097,987$2,742,251
68$3,375,635$1,445,799$1,101,639$2,960,917
69$3,685,776$1,482,469$1,104,370$3,200,374
70$4,026,475$1,519,859$1,106,116$3,462,707
71$4,400,814$1,557,972$1,106,810$3,750,218
72$4,812,191$1,596,806$1,106,382$4,065,441
73$5,264,347$1,636,362$1,104,758$4,411,169
74$5,761,404$1,676,637$1,101,861$4,790,477
75$6,307,904$1,717,629$1,097,610$5,206,757
76$6,908,850$1,759,333$1,091,920$5,663,744
77$7,569,755$1,801,742$1,084,701$6,165,555
78$8,296,693$1,844,851$1,075,862$6,716,724
79$9,096,355$1,888,648$1,065,303$7,322,250
80$9,976,115$1,933,123$1,052,922$7,987,641
81$10,944,096$1,978,264$1,038,613$8,718,964
82$12,009,250$2,024,055$1,022,262$9,522,908
83$13,181,438$2,070,478$1,003,753$10,406,841
84$14,471,528$2,117,515$982,961$11,378,885
85$15,891,492$2,165,142$959,759$12,447,988
86$17,454,525$2,213,334$934,012$13,624,011
87$19,175,164$2,262,065$905,578$14,917,822
88$21,069,426$2,311,302$874,311$16,341,395
89$23,154,963$2,361,010$840,055$17,907,927
90$25,451,222$2,411,153$802,650$19,631,961
91$27,979,636$2,461,688$761,928$21,529,523
92$30,763,817$2,512,570$717,711$23,618,273
93$33,829,789$2,563,748$669,817$25,917,672
94$37,206,223$2,615,168$618,052$28,449,170
95$40,924,717$2,666,770$562,215$31,236,399
96$45,020,085$2,718,489$502,097$34,305,407
97$49,530,695$2,770,255$437,478$37,684,897
98$54,498,821$2,821,993$368,128$41,406,500
99$59,971,049$2,873,620$293,810$45,505,073
100$65,998,716$2,925,047$214,272$50,019,032