Can I retire at age 54 with 964,000?

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 $964,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.8%
1 years$79,606$78,897$78,205$77,530$76,871$74,740
2 years$39,409$38,675$37,964$37,274$36,605$34,474
3 years$26,012$25,275$24,565$23,882$23,224$21,159
4 years$19,314$18,579$17,877$17,206$16,563$14,582
5 years$15,297$14,567$13,873$13,215$12,591$10,697
6 years$12,620$11,895$11,212$10,569$9,963$8,159
7 years$10,708$9,989$9,317$8,689$8,103$6,388
8 years$9,275$8,563$7,902$7,289$6,722$5,096
9 years$8,161$7,455$6,806$6,209$5,661$4,123
10 years$7,270$6,571$5,933$5,352$4,823$3,371
11 years$6,542$5,850$5,224$4,658$4,148$2,778
12 years$5,935$5,251$4,636$4,085$3,595$2,305
13 years$5,423$4,745$4,142$3,607$3,135$1,923
14 years$4,984$4,313$3,721$3,202$2,748$1,611
15 years$4,603$3,940$3,360$2,855$2,419$1,354
16 years$4,271$3,615$3,046$2,557$2,138$1,142
17 years$3,978$3,329$2,772$2,297$1,896$965
18 years$3,718$3,076$2,530$2,070$1,686$817
19 years$3,485$2,851$2,317$1,871$1,503$693
20 years$3,276$2,650$2,126$1,694$1,342$589
21 years$3,088$2,468$1,955$1,538$1,201$501
22 years$2,916$2,304$1,802$1,398$1,077$426
23 years$2,760$2,155$1,664$1,273$966$363
24 years$2,617$2,019$1,539$1,161$869$310
25 years$2,485$1,894$1,425$1,061$782$264
26 years$2,364$1,781$1,322$970$704$225
27 years$2,252$1,676$1,228$888$635$193
28 years$2,149$1,579$1,141$813$573$164
29 years$2,052$1,490$1,062$746$517$141
30 years$1,962$1,407$989$684$467$120
31 years$1,878$1,330$922$629$422$103
32 years$1,800$1,258$860$578$382$88
33 years$1,726$1,192$803$531$346$75
34 years$1,657$1,129$751$489$313$64
35 years$1,592$1,071$702$450$284$55
36 years$1,531$1,017$657$414$257$47
37 years$1,473$966$614$382$233$40
38 years$1,419$918$575$352$211$34
39 years$1,367$873$539$324$191$29
40 years$1,318$830$505$299$174$25
41 years$1,271$790$474$276$158$22
42 years$1,227$753$444$255$143$18
43 years$1,185$717$417$235$130$16
44 years$1,145$684$392$217$118$14
45 years$1,107$652$368$201$107$12
46 years$1,071$622$345$185$97$10
47 years$1,036$593$324$171$88$8
48 years$1,003$567$305$158$80$7
49 years$972$541$287$146$73$6
50 years$941$517$269$135$66$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $964,000, adding $4,523 every year, while hoping to spend $45,143 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: 44/31/25 Blend
53$964,000$964,000$964,000$964,000
54$1,066,993$1,015,901$1,000,959$1,106,028
55$1,127,795$1,017,649$986,460$1,135,939
56$1,193,285$1,017,969$969,961$1,163,638
57$1,263,895$1,016,744$951,350$1,192,775
58$1,340,097$1,013,849$930,505$1,223,507
59$1,422,411$1,009,152$907,301$1,256,010
60$1,511,408$1,002,512$881,607$1,290,482
61$1,607,716$993,779$853,285$1,327,144
62$1,712,026$982,796$822,192$1,366,241
63$1,825,094$969,396$788,178$1,408,048
64$1,947,757$953,399$751,085$1,452,872
65$2,080,932$934,619$710,749$1,501,054
66$2,225,626$912,855$666,999$1,552,973
67$2,382,952$887,897$619,655$1,609,054
68$2,554,130$859,520$568,530$1,669,768
69$2,740,503$827,489$513,428$1,735,638
70$2,943,551$791,552$454,145$1,807,249
71$3,164,901$751,446$390,466$1,885,246
72$3,406,343$706,889$322,169$1,970,351
73$3,669,849$657,585$249,020$2,063,362
74$3,957,588$603,222$170,777$2,165,168
75$4,271,949$543,467$87,186$2,276,752
76$4,615,562$477,971$0$2,399,208
77$4,991,321$406,363$0$2,534,288
78$5,402,414$328,253$0$2,707,650
79$5,852,351$243,229$0$2,897,580
80$6,344,997$150,853$0$3,105,809
81$6,884,607$50,665$0$3,334,252
82$7,475,869$0$0$3,585,021
83$8,123,944$0$0$3,880,176
84$8,834,517$0$0$4,222,861
85$9,613,850$0$0$4,598,828
86$10,468,838$0$0$5,011,418
87$11,407,077$0$0$5,464,313
88$12,436,935$0$0$5,961,568
89$13,567,629$0$0$6,507,650
90$14,809,310$0$0$7,107,479
91$16,173,162$0$0$7,766,476
92$17,671,507$0$0$8,490,613
93$19,317,916$0$0$9,286,469
94$21,127,342$0$0$10,161,291
95$23,116,259$0$0$11,123,064
96$25,302,813$0$0$12,180,586
97$27,707,000$0$0$13,343,548
98$30,350,848$0$0$14,622,630
99$33,258,627$0$0$16,029,597
100$36,457,077$0$0$17,577,410