Can I retire at age 54 with 960,000?

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 $960,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.8%
1 years$79,276$78,570$77,881$77,208$76,552$73,544
2 years$39,245$38,515$37,806$37,119$36,453$33,459
3 years$25,904$25,170$24,463$23,783$23,127$20,242
4 years$19,234$18,502$17,803$17,134$16,495$13,740
5 years$15,234$14,506$13,816$13,161$12,539$9,922
6 years$12,567$11,845$11,165$10,525$9,922$7,444
7 years$10,664$9,948$9,278$8,653$8,069$5,729
8 years$9,236$8,527$7,869$7,259$6,694$4,490
9 years$8,127$7,424$6,777$6,183$5,637$3,566
10 years$7,240$6,544$5,909$5,330$4,803$2,861
11 years$6,515$5,826$5,202$4,638$4,131$2,313
12 years$5,911$5,229$4,617$4,068$3,580$1,881
13 years$5,400$4,725$4,125$3,592$3,122$1,538
14 years$4,963$4,295$3,706$3,188$2,736$1,262
15 years$4,584$3,924$3,346$2,844$2,409$1,038
16 years$4,253$3,600$3,034$2,546$2,129$856
17 years$3,961$3,316$2,760$2,288$1,888$708
18 years$3,702$3,064$2,520$2,062$1,679$586
19 years$3,471$2,839$2,307$1,863$1,496$486
20 years$3,263$2,639$2,117$1,687$1,337$404
21 years$3,075$2,458$1,947$1,531$1,196$335
22 years$2,904$2,294$1,795$1,392$1,072$279
23 years$2,748$2,146$1,657$1,268$962$232
24 years$2,606$2,010$1,533$1,156$865$193
25 years$2,475$1,887$1,420$1,056$778$161
26 years$2,354$1,773$1,317$966$701$134
27 years$2,243$1,669$1,223$884$632$112
28 years$2,140$1,572$1,136$810$570$93
29 years$2,044$1,483$1,058$743$515$78
30 years$1,954$1,401$985$682$465$65
31 years$1,871$1,324$918$626$421$54
32 years$1,792$1,253$857$575$381$45
33 years$1,719$1,187$800$529$344$38
34 years$1,650$1,125$748$487$312$31
35 years$1,586$1,067$699$448$282$26
36 years$1,525$1,013$654$413$256$22
37 years$1,467$962$612$380$232$18
38 years$1,413$914$573$350$210$15
39 years$1,361$869$537$323$191$13
40 years$1,312$827$503$298$173$11
41 years$1,266$787$472$275$157$9
42 years$1,222$750$443$254$142$7
43 years$1,180$714$415$234$129$6
44 years$1,141$681$390$216$117$5
45 years$1,103$649$366$200$106$4
46 years$1,067$619$344$185$97$4
47 years$1,032$591$323$170$88$3
48 years$999$564$304$158$80$2
49 years$967$539$285$146$72$2
50 years$937$515$268$135$66$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $960,000, adding $3,116 every year, while hoping to spend $50,361 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: 57/18/25 Blend
53$960,000$960,000$960,000$960,000
54$1,061,134$1,010,254$995,374$1,114,235
55$1,115,786$1,006,173$975,135$1,146,843
56$1,174,325$1,000,204$952,531$1,176,773
57$1,237,093$992,201$927,428$1,208,334
58$1,304,468$982,010$899,688$1,241,699
59$1,376,863$969,468$869,167$1,277,058
60$1,454,731$954,400$835,712$1,314,626
61$1,538,571$936,623$799,166$1,354,638
62$1,628,929$915,941$759,362$1,397,359
63$1,726,407$892,149$716,127$1,443,084
64$1,831,664$865,028$669,281$1,492,138
65$1,945,426$834,347$618,634$1,544,885
66$2,068,490$799,861$563,989$1,601,730
67$2,201,733$761,310$505,140$1,663,119
68$2,346,117$718,422$441,869$1,729,552
69$2,502,703$670,907$373,954$1,801,580
70$2,672,654$618,457$301,157$1,879,817
71$2,857,253$560,750$223,234$1,964,944
72$3,057,909$497,442$139,928$2,057,715
73$3,276,172$428,173$50,972$2,158,967
74$3,513,748$352,560$0$2,269,627
75$3,772,514$270,199$0$2,402,448
76$4,054,535$180,664$0$2,562,117
77$4,362,086$83,505$0$2,736,363
78$4,697,667$0$0$2,926,669
79$5,064,033$0$0$3,138,977
80$5,464,215$0$0$3,389,026
81$5,901,550$0$0$3,662,371
82$6,379,714$0$0$3,961,319
83$6,902,750$0$0$4,288,409
84$7,475,114$0$0$4,646,438
85$8,101,710$0$0$5,038,485
86$8,787,939$0$0$5,467,942
87$9,539,749$0$0$5,938,542
88$10,363,690$0$0$6,454,399
89$11,266,975$0$0$7,020,042
90$12,257,551$0$0$7,640,460
91$13,344,168$0$0$8,321,149
92$14,536,464$0$0$9,068,162
93$15,845,058$0$0$9,888,164
94$17,281,643$0$0$10,788,501
95$18,859,102$0$0$11,777,262
96$20,591,625$0$0$12,863,359
97$22,494,847$0$0$14,056,610
98$24,585,987$0$0$15,367,830
99$26,884,019$0$0$16,808,934
100$29,409,843$0$0$18,393,048