Can I retire at age 54 with 963,000?

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 $963,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.7%
1 years$79,524$78,815$78,124$77,450$76,791$75,302
2 years$39,368$38,635$37,924$37,235$36,567$35,073
3 years$25,985$25,248$24,540$23,857$23,200$21,747
4 years$19,294$18,560$17,859$17,188$16,546$15,146
5 years$15,281$14,551$13,859$13,202$12,578$11,235
6 years$12,607$11,882$11,200$10,558$9,953$8,668
7 years$10,697$9,979$9,307$8,680$8,094$6,868
8 years$9,265$8,554$7,893$7,281$6,715$5,546
9 years$8,152$7,447$6,799$6,202$5,655$4,544
10 years$7,263$6,565$5,927$5,346$4,818$3,764
11 years$6,535$5,844$5,218$4,653$4,144$3,144
12 years$5,929$5,245$4,631$4,081$3,591$2,645
13 years$5,417$4,740$4,137$3,603$3,131$2,237
14 years$4,978$4,309$3,718$3,198$2,745$1,901
15 years$4,598$3,936$3,356$2,852$2,417$1,622
16 years$4,266$3,611$3,043$2,554$2,136$1,388
17 years$3,974$3,326$2,769$2,295$1,894$1,191
18 years$3,714$3,073$2,528$2,068$1,684$1,024
19 years$3,482$2,848$2,314$1,869$1,501$883
20 years$3,273$2,647$2,124$1,692$1,341$762
21 years$3,084$2,465$1,953$1,536$1,200$658
22 years$2,913$2,301$1,800$1,397$1,075$570
23 years$2,757$2,152$1,662$1,272$965$493
24 years$2,614$2,017$1,537$1,160$868$428
25 years$2,483$1,893$1,424$1,059$781$371
26 years$2,362$1,779$1,321$969$703$322
27 years$2,250$1,674$1,226$887$634$280
28 years$2,146$1,577$1,140$812$572$243
29 years$2,050$1,488$1,061$745$517$211
30 years$1,960$1,405$988$684$467$184
31 years$1,876$1,328$921$628$422$160
32 years$1,798$1,257$860$577$382$139
33 years$1,725$1,190$803$531$346$121
34 years$1,656$1,128$750$488$313$105
35 years$1,591$1,070$701$449$283$92
36 years$1,529$1,016$656$414$257$80
37 years$1,472$965$614$381$233$70
38 years$1,417$917$575$352$211$61
39 years$1,366$872$539$324$191$53
40 years$1,317$829$505$299$174$46
41 years$1,270$790$473$276$157$40
42 years$1,226$752$444$255$143$35
43 years$1,184$716$417$235$130$30
44 years$1,144$683$391$217$118$27
45 years$1,106$651$367$200$107$23
46 years$1,070$621$345$185$97$20
47 years$1,035$593$324$171$88$18
48 years$1,002$566$305$158$80$15
49 years$971$540$286$146$73$13
50 years$940$516$269$135$66$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $963,000, adding $4,667 every year, while hoping to spend $30,447 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: 37/35/28 Blend
53$963,000$963,000$963,000$963,000
54$1,066,040$1,015,001$1,000,075$1,096,417
55$1,142,381$1,032,341$1,001,182$1,136,622
56$1,225,488$1,049,510$1,001,305$1,176,913
57$1,316,019$1,066,467$1,000,381$1,219,852
58$1,414,699$1,083,170$998,339$1,265,700
59$1,522,324$1,099,571$995,110$1,314,742
60$1,639,772$1,115,621$990,616$1,367,296
61$1,768,007$1,131,265$984,781$1,423,715
62$1,908,094$1,146,447$977,521$1,484,386
63$2,061,201$1,161,105$968,750$1,549,739
64$2,228,618$1,175,173$958,377$1,620,249
65$2,411,762$1,188,582$946,308$1,696,441
66$2,612,196$1,201,256$932,443$1,778,897
67$2,831,638$1,213,115$916,678$1,868,256
68$3,071,983$1,224,076$898,904$1,965,231
69$3,335,316$1,234,046$879,008$2,070,603
70$3,623,933$1,242,930$856,870$2,185,240
71$3,940,364$1,250,623$832,366$2,310,100
72$4,287,396$1,257,018$805,364$2,446,241
73$4,668,095$1,261,997$775,729$2,594,831
74$5,085,843$1,265,437$743,318$2,757,162
75$5,544,362$1,267,206$707,982$2,934,660
76$6,047,751$1,267,164$669,564$3,128,901
77$6,600,530$1,265,163$627,902$3,341,626
78$7,207,672$1,261,045$582,825$3,574,756
79$7,874,661$1,254,642$534,156$3,830,413
80$8,607,535$1,245,778$481,709$4,110,941
81$9,412,946$1,234,263$425,288$4,418,927
82$10,298,223$1,219,899$364,692$4,757,228
83$11,271,441$1,202,473$299,709$5,128,997
84$12,341,496$1,181,762$230,116$5,537,714
85$13,518,187$1,157,527$155,684$5,987,223
86$14,812,314$1,129,517$76,171$6,481,763
87$16,235,772$1,097,466$0$7,026,016
88$17,801,671$1,061,092$0$7,627,739
89$19,524,451$1,020,095$0$8,314,495
90$21,420,026$974,161$0$9,069,872
91$23,505,928$922,954$0$9,900,897
92$25,801,475$866,121$0$10,815,316
93$28,327,953$803,289$0$11,821,669
94$31,108,816$734,062$0$12,929,375
95$34,169,907$658,022$0$14,148,816
96$37,539,700$574,728$0$15,491,440
97$41,249,573$483,713$0$16,969,868
98$45,334,099$384,484$0$18,598,016
99$49,831,374$276,521$0$20,391,224
100$54,783,377$159,273$0$22,366,407