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%13.6%
1 years$79,028$78,324$77,637$76,967$76,313$75,172
2 years$39,123$38,394$37,688$37,003$36,339$35,193
3 years$25,823$25,091$24,387$23,708$23,055$21,938
4 years$19,174$18,445$17,747$17,081$16,443$15,365
5 years$15,186$14,461$13,773$13,120$12,500$11,463
6 years$12,528$11,808$11,130$10,492$9,891$8,896
7 years$10,630$9,917$9,249$8,626$8,044$7,092
8 years$9,208$8,500$7,844$7,236$6,673$5,765
9 years$8,102$7,401$6,756$6,164$5,620$4,754
10 years$7,217$6,524$5,890$5,313$4,788$3,964
11 years$6,494$5,808$5,186$4,624$4,118$3,335
12 years$5,892$5,213$4,602$4,056$3,569$2,825
13 years$5,383$4,711$4,112$3,581$3,112$2,407
14 years$4,947$4,282$3,694$3,178$2,728$2,061
15 years$4,570$3,912$3,336$2,835$2,402$1,771
16 years$4,240$3,589$3,024$2,538$2,123$1,528
17 years$3,949$3,305$2,752$2,280$1,882$1,321
18 years$3,691$3,054$2,512$2,055$1,674$1,145
19 years$3,460$2,831$2,300$1,857$1,492$995
20 years$3,253$2,630$2,111$1,682$1,332$866
21 years$3,065$2,450$1,941$1,526$1,192$754
22 years$2,895$2,287$1,789$1,388$1,069$658
23 years$2,740$2,139$1,652$1,264$959$575
24 years$2,598$2,004$1,528$1,153$862$503
25 years$2,467$1,881$1,415$1,053$776$440
26 years$2,347$1,768$1,312$963$699$385
27 years$2,236$1,663$1,219$881$630$338
28 years$2,133$1,568$1,133$807$569$296
29 years$2,037$1,479$1,054$740$513$260
30 years$1,948$1,397$982$679$464$228
31 years$1,865$1,320$916$624$419$200
32 years$1,787$1,249$854$573$379$176
33 years$1,714$1,183$798$527$343$154
34 years$1,645$1,121$745$485$311$136
35 years$1,581$1,063$697$447$282$119
36 years$1,520$1,009$652$411$255$105
37 years$1,463$959$610$379$231$92
38 years$1,408$911$571$349$210$81
39 years$1,357$866$535$322$190$71
40 years$1,308$824$502$297$172$63
41 years$1,262$785$470$274$156$55
42 years$1,218$747$441$253$142$49
43 years$1,177$712$414$234$129$43
44 years$1,137$679$389$216$117$38
45 years$1,099$647$365$199$106$33
46 years$1,063$617$343$184$96$29
47 years$1,029$589$322$170$88$26
48 years$996$562$303$157$79$23
49 years$964$537$284$145$72$20
50 years$934$513$267$134$66$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $957,000, adding $5,647 every year, while hoping to spend $44,632 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: 39/47/14 Blend
53$957,000$957,000$957,000$957,000
54$1,060,439$1,009,718$994,884$1,097,133
55$1,121,116$1,011,706$980,725$1,125,741
56$1,186,485$1,012,296$964,595$1,151,893
57$1,256,980$1,011,371$946,382$1,179,204
58$1,333,073$1,008,810$925,967$1,207,798
59$1,415,286$1,004,481$903,227$1,237,818
60$1,504,192$998,247$878,031$1,269,423
61$1,600,419$989,960$850,245$1,302,791
62$1,704,659$979,466$819,726$1,338,123
63$1,817,674$966,599$786,326$1,375,644
64$1,940,298$951,184$749,889$1,415,603
65$2,073,453$933,037$710,255$1,458,282
66$2,218,150$911,960$667,253$1,503,994
67$2,375,502$887,747$620,707$1,553,090
68$2,546,733$860,177$570,431$1,605,961
69$2,733,192$829,017$516,232$1,663,043
70$2,936,359$794,021$457,908$1,724,824
71$3,157,868$754,928$395,248$1,791,844
72$3,399,514$711,463$328,032$1,864,710
73$3,663,274$663,334$256,030$1,944,092
74$3,951,323$610,232$179,002$2,030,740
75$4,266,056$551,832$96,697$2,125,486
76$4,610,110$487,788$8,853$2,229,256
77$4,986,389$417,737$0$2,343,079
78$5,398,089$341,295$0$2,480,778
79$5,848,729$258,053$0$2,633,179
80$6,342,186$167,585$0$2,800,410
81$6,882,727$69,435$0$2,984,082
82$7,475,053$0$0$3,185,979
83$8,124,341$0$0$3,427,149
84$8,836,291$0$0$3,731,098
85$9,617,183$0$0$4,064,613
86$10,473,933$0$0$4,430,664
87$11,414,159$0$0$4,832,523
88$12,446,253$0$0$5,273,795
89$13,579,457$0$0$5,758,450
90$14,823,954$0$0$6,290,862
91$16,190,961$0$0$6,875,849
92$17,692,834$0$0$7,518,718
93$19,343,185$0$0$8,225,319
94$21,157,012$0$0$9,002,094
95$23,150,834$0$0$9,856,139
96$25,342,854$0$0$10,795,277
97$27,753,125$0$0$11,828,121
98$30,403,741$0$0$12,964,165
99$33,319,044$0$0$14,213,866
100$36,525,851$0$0$15,588,750