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%12.3%
1 years$79,524$78,815$78,124$77,450$76,791$76,052
2 years$39,368$38,635$37,924$37,235$36,567$35,823
3 years$25,985$25,248$24,540$23,857$23,200$22,473
4 years$19,294$18,560$17,859$17,188$16,546$15,843
5 years$15,281$14,551$13,859$13,202$12,578$11,900
6 years$12,607$11,882$11,200$10,558$9,953$9,301
7 years$10,697$9,979$9,307$8,680$8,094$7,469
8 years$9,265$8,554$7,893$7,281$6,715$6,116
9 years$8,152$7,447$6,799$6,202$5,655$5,082
10 years$7,263$6,565$5,927$5,346$4,818$4,271
11 years$6,535$5,844$5,218$4,653$4,144$3,622
12 years$5,929$5,245$4,631$4,081$3,591$3,094
13 years$5,417$4,740$4,137$3,603$3,131$2,659
14 years$4,978$4,309$3,718$3,198$2,745$2,296
15 years$4,598$3,936$3,356$2,852$2,417$1,991
16 years$4,266$3,611$3,043$2,554$2,136$1,733
17 years$3,974$3,326$2,769$2,295$1,894$1,512
18 years$3,714$3,073$2,528$2,068$1,684$1,323
19 years$3,482$2,848$2,314$1,869$1,501$1,160
20 years$3,273$2,647$2,124$1,692$1,341$1,019
21 years$3,084$2,465$1,953$1,536$1,200$897
22 years$2,913$2,301$1,800$1,397$1,075$790
23 years$2,757$2,152$1,662$1,272$965$697
24 years$2,614$2,017$1,537$1,160$868$616
25 years$2,483$1,893$1,424$1,059$781$545
26 years$2,362$1,779$1,321$969$703$482
27 years$2,250$1,674$1,226$887$634$427
28 years$2,146$1,577$1,140$812$572$378
29 years$2,050$1,488$1,061$745$517$335
30 years$1,960$1,405$988$684$467$297
31 years$1,876$1,328$921$628$422$264
32 years$1,798$1,257$860$577$382$234
33 years$1,725$1,190$803$531$346$208
34 years$1,656$1,128$750$488$313$185
35 years$1,591$1,070$701$449$283$164
36 years$1,529$1,016$656$414$257$146
37 years$1,472$965$614$381$233$130
38 years$1,417$917$575$352$211$115
39 years$1,366$872$539$324$191$103
40 years$1,317$829$505$299$174$91
41 years$1,270$790$473$276$157$81
42 years$1,226$752$444$255$143$72
43 years$1,184$716$417$235$130$64
44 years$1,144$683$391$217$118$57
45 years$1,106$651$367$200$107$51
46 years$1,070$621$345$185$97$45
47 years$1,035$593$324$171$88$40
48 years$1,002$566$305$158$80$36
49 years$971$540$286$146$73$32
50 years$940$516$269$135$66$28

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $963,000, adding $3,654 every year, while hoping to spend $47,523 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: 70/15/15 Blend
53$963,000$963,000$963,000$963,000
54$1,064,995$1,013,956$999,030$1,135,642
55$1,123,060$1,013,076$981,933$1,182,197
56$1,185,456$1,010,560$962,671$1,227,080
57$1,252,572$1,006,277$941,121$1,274,976
58$1,324,840$1,000,090$917,154$1,326,177
59$1,402,731$991,852$890,636$1,381,001
60$1,486,764$981,407$861,426$1,439,804
61$1,577,509$968,591$829,378$1,502,975
62$1,675,590$953,227$794,338$1,570,946
63$1,781,697$935,132$756,145$1,644,195
64$1,896,586$914,109$714,632$1,723,247
65$2,021,088$889,951$669,622$1,808,685
66$2,156,117$862,436$620,932$1,901,151
67$2,302,678$831,333$568,371$2,001,354
68$2,461,878$796,395$511,738$2,110,078
69$2,634,933$757,362$450,825$2,228,186
70$2,823,180$713,957$385,412$2,356,636
71$3,028,093$665,889$315,271$2,496,481
72$3,251,290$612,849$240,164$2,648,885
73$3,494,555$554,512$159,843$2,815,135
74$3,759,849$490,533$74,048$2,996,649
75$4,049,333$420,547$0$3,194,993
76$4,365,381$344,171$0$3,414,701
77$4,710,612$260,997$0$3,667,707
78$5,087,905$170,597$0$3,944,301
79$5,500,432$72,517$0$4,246,860
80$5,951,683$0$0$4,578,000
81$6,445,504$0$0$4,946,173
82$6,986,127$0$0$5,362,394
83$7,578,214$0$0$5,818,288
84$8,226,898$0$0$6,317,815
85$8,937,832$0$0$6,865,335
86$9,717,243$0$0$7,465,649
87$10,571,988$0$0$8,124,047
88$11,509,620$0$0$8,846,355
89$12,538,458$0$0$9,638,987
90$13,667,666$0$0$10,509,013
91$14,907,337$0$0$11,464,217
92$16,268,590$0$0$12,513,175
93$17,763,672$0$0$13,665,335
94$19,406,078$0$0$14,931,103
95$21,210,669$0$0$16,321,945
96$23,193,822$0$0$17,850,490
97$25,373,576$0$0$19,530,653
98$27,769,806$0$0$21,377,765
99$30,404,406$0$0$23,408,715
100$33,301,502$0$0$25,642,109