Can I retire at age 54 with 964,000?

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 $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%16.9%
1 years$79,606$78,897$78,205$77,530$76,871$74,710
2 years$39,409$38,675$37,964$37,274$36,605$34,444
3 years$26,012$25,275$24,565$23,882$23,224$21,131
4 years$19,314$18,579$17,877$17,206$16,563$14,555
5 years$15,297$14,567$13,873$13,215$12,591$10,672
6 years$12,620$11,895$11,212$10,569$9,963$8,135
7 years$10,708$9,989$9,317$8,689$8,103$6,366
8 years$9,275$8,563$7,902$7,289$6,722$5,076
9 years$8,161$7,455$6,806$6,209$5,661$4,103
10 years$7,270$6,571$5,933$5,352$4,823$3,353
11 years$6,542$5,850$5,224$4,658$4,148$2,762
12 years$5,935$5,251$4,636$4,085$3,595$2,290
13 years$5,423$4,745$4,142$3,607$3,135$1,909
14 years$4,984$4,313$3,721$3,202$2,748$1,598
15 years$4,603$3,940$3,360$2,855$2,419$1,343
16 years$4,271$3,615$3,046$2,557$2,138$1,131
17 years$3,978$3,329$2,772$2,297$1,896$955
18 years$3,718$3,076$2,530$2,070$1,686$808
19 years$3,485$2,851$2,317$1,871$1,503$685
20 years$3,276$2,650$2,126$1,694$1,342$581
21 years$3,088$2,468$1,955$1,538$1,201$494
22 years$2,916$2,304$1,802$1,398$1,077$420
23 years$2,760$2,155$1,664$1,273$966$358
24 years$2,617$2,019$1,539$1,161$869$305
25 years$2,485$1,894$1,425$1,061$782$260
26 years$2,364$1,781$1,322$970$704$222
27 years$2,252$1,676$1,228$888$635$189
28 years$2,149$1,579$1,141$813$573$161
29 years$2,052$1,490$1,062$746$517$138
30 years$1,962$1,407$989$684$467$118
31 years$1,878$1,330$922$629$422$101
32 years$1,800$1,258$860$578$382$86
33 years$1,726$1,192$803$531$346$73
34 years$1,657$1,129$751$489$313$63
35 years$1,592$1,071$702$450$284$54
36 years$1,531$1,017$657$414$257$46
37 years$1,473$966$614$382$233$39
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$21
42 years$1,227$753$444$255$143$18
43 years$1,185$717$417$235$130$15
44 years$1,145$684$392$217$118$13
45 years$1,107$652$368$201$107$11
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 $4,293 every year, while hoping to spend $39,581 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: 39/39/22 Blend
53$964,000$964,000$964,000$964,000
54$1,066,756$1,015,664$1,000,722$1,101,230
55$1,133,451$1,023,318$992,133$1,134,156
56$1,205,623$1,030,020$981,929$1,165,684
57$1,283,788$1,035,682$970,014$1,198,975
58$1,368,514$1,040,210$956,289$1,234,214
59$1,460,426$1,043,504$940,649$1,271,604
60$1,560,211$1,045,458$922,983$1,311,372
61$1,668,626$1,045,958$903,175$1,353,770
62$1,786,501$1,044,885$881,107$1,399,079
63$1,914,750$1,042,111$856,650$1,447,612
64$2,054,381$1,037,501$829,675$1,499,716
65$2,206,501$1,030,912$800,042$1,555,777
66$2,372,328$1,022,190$767,607$1,616,223
67$2,553,203$1,011,175$732,220$1,681,531
68$2,750,603$997,696$693,722$1,752,229
69$2,966,153$981,571$651,950$1,828,905
70$3,201,640$962,608$606,730$1,912,209
71$3,459,035$940,603$557,883$2,002,864
72$3,740,505$915,342$505,221$2,101,670
73$4,048,438$886,594$448,547$2,209,515
74$4,385,461$854,120$387,656$2,327,384
75$4,754,470$817,663$322,334$2,456,368
76$5,158,650$776,954$252,356$2,597,675
77$5,601,513$731,704$177,490$2,752,643
78$6,086,923$681,614$97,492$2,922,754
79$6,619,137$626,361$12,106$3,109,650
80$7,202,845$565,609$0$3,315,147
81$7,843,210$498,999$0$3,559,804
82$8,545,922$426,154$0$3,831,535
83$9,317,245$346,675$0$4,130,025
84$10,164,082$260,139$0$4,458,067
85$11,094,036$166,103$0$4,818,745
86$12,115,481$64,096$0$5,215,468
87$13,237,643$0$0$5,651,995
88$14,470,688$0$0$6,152,385
89$15,825,811$0$0$6,732,685
90$17,315,349$0$0$7,370,687
91$18,952,892$0$0$8,072,231
92$20,753,413$0$0$8,843,748
93$22,733,407$0$0$9,692,327
94$24,911,050$0$0$10,625,776
95$27,306,366$0$0$11,652,700
96$29,941,418$0$0$12,782,577
97$32,840,513$0$0$14,025,852
98$36,030,436$0$0$15,394,034
99$39,540,697$0$0$16,899,804
100$43,403,813$0$0$18,557,133