Can I retire at age 54 with 961,000?

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 $961,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.4%
1 years$79,358$78,652$77,962$77,289$76,631$73,737
2 years$39,286$38,555$37,846$37,158$36,491$33,608
3 years$25,931$25,196$24,489$23,808$23,152$20,371
4 years$19,254$18,522$17,821$17,152$16,512$13,855
5 years$15,249$14,521$13,830$13,174$12,552$10,026
6 years$12,580$11,858$11,177$10,536$9,932$7,539
7 years$10,675$9,958$9,288$8,662$8,077$5,816
8 years$9,246$8,536$7,877$7,266$6,701$4,569
9 years$8,135$7,432$6,784$6,189$5,643$3,638
10 years$7,248$6,551$5,915$5,335$4,808$2,926
11 years$6,522$5,832$5,207$4,643$4,135$2,372
12 years$5,917$5,234$4,621$4,073$3,584$1,934
13 years$5,406$4,730$4,129$3,596$3,125$1,585
14 years$4,968$4,300$3,710$3,192$2,739$1,304
15 years$4,589$3,928$3,349$2,847$2,412$1,076
16 years$4,258$3,604$3,037$2,549$2,132$891
17 years$3,966$3,319$2,763$2,290$1,890$738
18 years$3,706$3,067$2,523$2,064$1,681$613
19 years$3,474$2,842$2,309$1,865$1,498$510
20 years$3,266$2,641$2,119$1,689$1,338$425
21 years$3,078$2,460$1,949$1,533$1,197$354
22 years$2,907$2,297$1,797$1,394$1,073$295
23 years$2,751$2,148$1,659$1,269$963$246
24 years$2,609$2,012$1,534$1,158$866$206
25 years$2,478$1,889$1,421$1,057$779$172
26 years$2,357$1,775$1,318$967$702$144
27 years$2,245$1,670$1,224$885$633$120
28 years$2,142$1,574$1,138$811$571$101
29 years$2,046$1,485$1,059$743$516$84
30 years$1,956$1,402$986$682$466$70
31 years$1,873$1,326$919$627$421$59
32 years$1,794$1,254$858$576$381$49
33 years$1,721$1,188$801$530$345$41
34 years$1,652$1,126$748$487$312$35
35 years$1,587$1,068$700$449$283$29
36 years$1,526$1,014$654$413$256$24
37 years$1,469$963$613$381$232$20
38 years$1,414$915$574$351$211$17
39 years$1,363$870$537$323$191$14
40 years$1,314$828$504$298$173$12
41 years$1,268$788$472$275$157$10
42 years$1,223$750$443$254$143$8
43 years$1,182$715$416$235$129$7
44 years$1,142$681$390$217$117$6
45 years$1,104$650$366$200$107$5
46 years$1,068$620$344$185$97$4
47 years$1,033$592$323$171$88$3
48 years$1,000$565$304$158$80$3
49 years$968$539$286$146$72$2
50 years$938$515$269$135$66$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $961,000, adding $4,937 every year, while hoping to spend $53,716 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: 38/38/24 Blend
53$961,000$961,000$961,000$961,000
54$1,064,115$1,013,182$998,286$1,096,765
55$1,115,501$1,005,674$974,575$1,113,481
56$1,170,328$995,998$948,270$1,126,177
57$1,228,891$983,991$919,226$1,138,832
58$1,291,511$969,481$887,294$1,151,476
59$1,358,543$952,283$852,316$1,164,144
60$1,430,374$932,205$814,128$1,176,881
61$1,507,430$909,040$772,559$1,189,742
62$1,590,177$882,572$727,428$1,202,790
63$1,679,127$852,570$678,549$1,216,102
64$1,774,842$818,790$625,725$1,229,767
65$1,877,941$780,976$568,752$1,243,891
66$1,989,100$738,853$507,414$1,258,596
67$2,109,066$692,134$441,490$1,274,023
68$2,238,656$640,514$370,746$1,290,337
69$2,378,770$583,670$294,936$1,307,724
70$2,530,396$521,262$213,809$1,326,401
71$2,694,622$452,929$127,096$1,346,613
72$2,872,641$378,290$34,522$1,368,639
73$3,065,768$296,944$0$1,392,798
74$3,275,448$208,466$0$1,435,910
75$3,503,270$112,407$0$1,492,429
76$3,750,982$8,293$0$1,554,048
77$4,020,507$0$0$1,621,372
78$4,313,963$0$0$1,738,721
79$4,633,676$0$0$1,870,469
80$4,982,211$0$0$2,014,219
81$5,362,387$0$0$2,171,149
82$5,777,309$0$0$2,342,558
83$6,230,393$0$0$2,529,874
84$6,725,402$0$0$2,734,670
85$7,266,476$0$0$2,958,678
86$7,858,174$0$0$3,203,804
87$8,505,518$0$0$3,472,149
88$9,214,033$0$0$3,766,024
89$9,989,807$0$0$4,087,975
90$10,839,542$0$0$4,440,806
91$11,770,619$0$0$4,827,606
92$12,791,168$0$0$5,251,775
93$13,910,141$0$0$5,717,059
94$15,137,399$0$0$6,227,585
95$16,483,803$0$0$6,787,898
96$17,961,315$0$0$7,403,003
97$19,583,112$0$0$8,078,414
98$21,363,710$0$0$8,820,208
99$23,319,096$0$0$9,635,075
100$25,466,886$0$0$10,530,387