Can I retire at age 54 with 963,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%16.4%
1 years$79,524$78,815$78,124$77,450$76,791$74,783
2 years$39,368$38,635$37,924$37,235$36,567$34,558
3 years$25,985$25,248$24,540$23,857$23,200$21,252
4 years$19,294$18,560$17,859$17,188$16,546$14,675
5 years$15,281$14,551$13,859$13,202$12,578$10,788
6 years$12,607$11,882$11,200$10,558$9,953$8,246
7 years$10,697$9,979$9,307$8,680$8,094$6,471
8 years$9,265$8,554$7,893$7,281$6,715$5,175
9 years$8,152$7,447$6,799$6,202$5,655$4,196
10 years$7,263$6,565$5,927$5,346$4,818$3,439
11 years$6,535$5,844$5,218$4,653$4,144$2,842
12 years$5,929$5,245$4,631$4,081$3,591$2,365
13 years$5,417$4,740$4,137$3,603$3,131$1,978
14 years$4,978$4,309$3,718$3,198$2,745$1,661
15 years$4,598$3,936$3,356$2,852$2,417$1,401
16 years$4,266$3,611$3,043$2,554$2,136$1,184
17 years$3,974$3,326$2,769$2,295$1,894$1,004
18 years$3,714$3,073$2,528$2,068$1,684$852
19 years$3,482$2,848$2,314$1,869$1,501$725
20 years$3,273$2,647$2,124$1,692$1,341$618
21 years$3,084$2,465$1,953$1,536$1,200$527
22 years$2,913$2,301$1,800$1,397$1,075$450
23 years$2,757$2,152$1,662$1,272$965$385
24 years$2,614$2,017$1,537$1,160$868$329
25 years$2,483$1,893$1,424$1,059$781$282
26 years$2,362$1,779$1,321$969$703$241
27 years$2,250$1,674$1,226$887$634$207
28 years$2,146$1,577$1,140$812$572$177
29 years$2,050$1,488$1,061$745$517$152
30 years$1,960$1,405$988$684$467$130
31 years$1,876$1,328$921$628$422$112
32 years$1,798$1,257$860$577$382$96
33 years$1,725$1,190$803$531$346$82
34 years$1,656$1,128$750$488$313$71
35 years$1,591$1,070$701$449$283$61
36 years$1,529$1,016$656$414$257$52
37 years$1,472$965$614$381$233$45
38 years$1,417$917$575$352$211$38
39 years$1,366$872$539$324$191$33
40 years$1,317$829$505$299$174$28
41 years$1,270$790$473$276$157$24
42 years$1,226$752$444$255$143$21
43 years$1,184$716$417$235$130$18
44 years$1,144$683$391$217$118$15
45 years$1,106$651$367$200$107$13
46 years$1,070$621$345$185$97$11
47 years$1,035$593$324$171$88$10
48 years$1,002$566$305$158$80$8
49 years$971$540$286$146$73$7
50 years$940$516$269$135$66$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $963,000, adding $2,399 every year, while hoping to spend $39,745 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: 29/48/23 Blend
53$963,000$963,000$963,000$963,000
54$1,063,701$1,012,662$997,735$1,086,849
55$1,129,910$1,019,994$988,871$1,112,315
56$1,201,540$1,026,353$978,378$1,135,995
57$1,279,103$1,031,650$966,159$1,160,628
58$1,363,159$1,035,789$952,113$1,186,323
59$1,454,328$1,038,668$936,135$1,213,199
60$1,553,287$1,040,181$918,114$1,241,395
61$1,660,785$1,040,213$897,933$1,271,062
62$1,777,643$1,038,642$875,472$1,302,375
63$1,904,766$1,035,338$850,604$1,335,527
64$2,043,148$1,030,165$823,195$1,370,735
65$2,193,884$1,022,978$793,107$1,408,243
66$2,358,179$1,013,623$760,194$1,448,325
67$2,537,358$1,001,935$724,305$1,491,285
68$2,732,880$987,742$685,282$1,537,465
69$2,946,352$970,860$642,957$1,587,246
70$3,179,542$951,094$597,158$1,641,055
71$3,434,397$928,239$547,704$1,699,367
72$3,713,058$902,075$494,405$1,762,711
73$4,017,886$872,373$437,064$1,831,679
74$4,351,479$838,887$375,474$1,906,929
75$4,716,697$801,360$309,419$1,989,194
76$5,116,689$759,516$238,674$2,079,289
77$5,554,927$713,068$163,005$2,178,122
78$6,035,229$661,707$82,165$2,286,700
79$6,561,803$605,112$0$2,406,145
80$7,139,284$542,940$0$2,538,710
81$7,772,776$474,828$0$2,706,354
82$8,467,900$400,396$0$2,890,496
83$9,230,849$319,239$0$3,092,910
84$10,068,444$230,930$0$3,315,563
85$10,988,200$135,020$0$3,560,626
86$11,998,394$31,033$0$3,830,507
87$13,108,143$0$0$4,127,865
88$14,327,492$0$0$4,498,708
89$15,667,509$0$0$4,924,428
90$17,140,383$0$0$5,392,527
91$18,759,547$0$0$5,907,296
92$20,539,797$0$0$6,473,460
93$22,497,435$0$0$7,096,227
94$24,650,424$0$0$7,781,334
95$27,018,553$0$0$8,535,102
96$29,623,625$0$0$9,364,497
97$32,489,664$0$0$10,277,193
98$35,643,138$0$0$11,281,646
99$39,113,212$0$0$12,387,173
100$42,932,019$0$0$13,604,040