Can I retire at age 54 with 957,000?

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 $957,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.2%
1 years$79,028$78,324$77,637$76,967$76,313$74,680
2 years$39,123$38,394$37,688$37,003$36,339$34,703
3 years$25,823$25,091$24,387$23,708$23,055$21,465
4 years$19,174$18,445$17,747$17,081$16,443$14,912
5 years$15,186$14,461$13,773$13,120$12,500$11,032
6 years$12,528$11,808$11,130$10,492$9,891$8,488
7 years$10,630$9,917$9,249$8,626$8,044$6,707
8 years$9,208$8,500$7,844$7,236$6,673$5,401
9 years$8,102$7,401$6,756$6,164$5,620$4,411
10 years$7,217$6,524$5,890$5,313$4,788$3,642
11 years$6,494$5,808$5,186$4,624$4,118$3,033
12 years$5,892$5,213$4,602$4,056$3,569$2,543
13 years$5,383$4,711$4,112$3,581$3,112$2,144
14 years$4,947$4,282$3,694$3,178$2,728$1,816
15 years$4,570$3,912$3,336$2,835$2,402$1,544
16 years$4,240$3,589$3,024$2,538$2,123$1,317
17 years$3,949$3,305$2,752$2,280$1,882$1,126
18 years$3,691$3,054$2,512$2,055$1,674$965
19 years$3,460$2,831$2,300$1,857$1,492$828
20 years$3,253$2,630$2,111$1,682$1,332$712
21 years$3,065$2,450$1,941$1,526$1,192$613
22 years$2,895$2,287$1,789$1,388$1,069$528
23 years$2,740$2,139$1,652$1,264$959$456
24 years$2,598$2,004$1,528$1,153$862$394
25 years$2,467$1,881$1,415$1,053$776$340
26 years$2,347$1,768$1,312$963$699$294
27 years$2,236$1,663$1,219$881$630$254
28 years$2,133$1,568$1,133$807$569$220
29 years$2,037$1,479$1,054$740$513$191
30 years$1,948$1,397$982$679$464$165
31 years$1,865$1,320$916$624$419$143
32 years$1,787$1,249$854$573$379$124
33 years$1,714$1,183$798$527$343$107
34 years$1,645$1,121$745$485$311$93
35 years$1,581$1,063$697$447$282$81
36 years$1,520$1,009$652$411$255$70
37 years$1,463$959$610$379$231$61
38 years$1,408$911$571$349$210$53
39 years$1,357$866$535$322$190$46
40 years$1,308$824$502$297$172$40
41 years$1,262$785$470$274$156$34
42 years$1,218$747$441$253$142$30
43 years$1,177$712$414$234$129$26
44 years$1,137$679$389$216$117$22
45 years$1,099$647$365$199$106$20
46 years$1,063$617$343$184$96$17
47 years$1,029$589$322$170$88$15
48 years$996$562$303$157$79$13
49 years$964$537$284$145$72$11
50 years$934$513$267$134$66$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $957,000, adding $5,197 every year, while hoping to spend $54,747 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: 51/31/18 Blend
53$957,000$957,000$957,000$957,000
54$1,059,975$1,009,254$994,420$1,108,526
55$1,109,842$1,000,457$969,483$1,133,711
56$1,162,960$989,394$941,875$1,154,966
57$1,219,604$975,896$911,450$1,176,890
58$1,280,074$959,785$878,053$1,199,566
59$1,344,697$940,870$841,524$1,223,087
60$1,413,835$918,952$801,694$1,247,558
61$1,487,882$893,816$758,387$1,273,101
62$1,567,272$865,239$711,419$1,299,851
63$1,652,480$832,982$660,597$1,327,963
64$1,744,027$796,792$605,722$1,357,609
65$1,842,487$756,404$546,582$1,388,988
66$1,948,487$711,535$482,959$1,422,318
67$2,062,719$661,886$414,624$1,457,850
68$2,185,940$607,142$341,338$1,495,862
69$2,318,983$546,969$262,850$1,536,668
70$2,462,764$481,016$178,901$1,580,619
71$2,618,290$408,909$89,217$1,628,109
72$2,786,664$330,255$0$1,679,578
73$2,969,105$244,638$0$1,736,768
74$3,166,948$151,619$0$1,817,349
75$3,381,662$50,735$0$1,904,844
76$3,614,866$0$0$2,000,000
77$3,868,338$0$0$2,123,608
78$4,144,033$0$0$2,276,965
79$4,444,105$0$0$2,443,971
80$4,770,921$0$0$2,625,956
81$5,127,089$0$0$2,824,385
82$5,515,476$0$0$3,040,866
83$5,939,239$0$0$3,277,173
84$6,401,853$0$0$3,535,256
85$6,907,144$0$0$3,817,264
86$7,459,322$0$0$4,125,561
87$8,063,023$0$0$4,462,752
88$8,723,351$0$0$4,831,701
89$9,445,926$0$0$5,235,567
90$10,236,938$0$0$5,677,824
91$11,103,199$0$0$6,162,300
92$12,052,215$0$0$6,693,212
93$13,092,250$0$0$7,275,201
94$14,232,406$0$0$7,913,380
95$15,482,707$0$0$8,613,380
96$16,854,195$0$0$9,381,405
97$18,359,031$0$0$10,224,287
98$20,010,610$0$0$11,149,551
99$21,823,687$0$0$12,165,487
100$23,814,515$0$0$13,281,226