Can I retire at age 54 with 965,000?

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 $965,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.3%
1 years$79,689$78,979$78,286$77,610$76,950$74,667
2 years$39,450$38,715$38,003$37,313$36,643$34,361
3 years$26,039$25,301$24,591$23,907$23,248$21,039
4 years$19,334$18,599$17,896$17,223$16,581$14,462
5 years$15,313$14,582$13,888$13,229$12,604$10,582
6 years$12,633$11,907$11,223$10,580$9,973$8,049
7 years$10,719$9,999$9,327$8,698$8,111$6,284
8 years$9,285$8,571$7,910$7,297$6,729$4,999
9 years$8,169$7,463$6,813$6,215$5,667$4,031
10 years$7,278$6,578$5,939$5,357$4,828$3,286
11 years$6,549$5,856$5,229$4,663$4,152$2,700
12 years$5,942$5,256$4,641$4,090$3,598$2,233
13 years$5,428$4,750$4,146$3,611$3,138$1,856
14 years$4,989$4,318$3,725$3,205$2,751$1,550
15 years$4,608$3,944$3,363$2,858$2,422$1,298
16 years$4,275$3,619$3,049$2,559$2,141$1,090
17 years$3,982$3,333$2,775$2,300$1,898$918
18 years$3,722$3,080$2,533$2,072$1,688$775
19 years$3,489$2,854$2,319$1,873$1,504$655
20 years$3,280$2,652$2,128$1,696$1,344$554
21 years$3,091$2,470$1,958$1,539$1,202$469
22 years$2,919$2,306$1,804$1,399$1,078$398
23 years$2,763$2,157$1,666$1,275$967$338
24 years$2,619$2,021$1,541$1,162$870$287
25 years$2,488$1,896$1,427$1,062$782$244
26 years$2,367$1,782$1,323$971$705$207
27 years$2,255$1,677$1,229$888$635$176
28 years$2,151$1,581$1,142$814$573$150
29 years$2,054$1,491$1,063$746$518$128
30 years$1,964$1,408$990$685$468$109
31 years$1,880$1,331$923$629$423$92
32 years$1,802$1,260$861$578$383$79
33 years$1,728$1,193$804$532$346$67
34 years$1,659$1,131$751$489$313$57
35 years$1,594$1,072$703$450$284$49
36 years$1,533$1,018$657$415$257$41
37 years$1,475$967$615$382$233$35
38 years$1,420$919$576$352$211$30
39 years$1,368$874$540$325$192$26
40 years$1,319$831$506$300$174$22
41 years$1,273$791$474$276$158$19
42 years$1,229$753$445$255$143$16
43 years$1,187$718$418$235$130$14
44 years$1,147$684$392$217$118$12
45 years$1,108$653$368$201$107$10
46 years$1,072$623$346$185$97$8
47 years$1,037$594$325$171$88$7
48 years$1,004$567$305$158$80$6
49 years$973$542$287$146$73$5
50 years$942$517$270$135$66$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $965,000, adding $4,372 every year, while hoping to spend $22,512 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: 61/28/11 Blend
53$965,000$965,000$965,000$965,000
54$1,067,940$1,016,795$1,001,837$1,130,078
55$1,152,917$1,042,665$1,011,446$1,198,159
56$1,245,807$1,069,049$1,020,623$1,269,454
57$1,347,394$1,095,947$1,029,328$1,346,695
58$1,458,540$1,123,360$1,037,522$1,430,457
59$1,580,195$1,151,288$1,045,163$1,521,374
60$1,713,405$1,179,731$1,052,206$1,620,143
61$1,859,321$1,208,686$1,058,603$1,727,532
62$2,019,211$1,238,152$1,064,306$1,844,389
63$2,194,473$1,268,123$1,069,262$1,971,645
64$2,386,644$1,298,597$1,073,418$2,110,327
65$2,597,420$1,329,566$1,076,715$2,261,565
66$2,828,666$1,361,023$1,079,094$2,426,605
67$3,082,437$1,392,961$1,080,492$2,606,820
68$3,360,999$1,425,369$1,080,841$2,803,720
69$3,666,845$1,458,236$1,080,073$3,018,972
70$4,002,722$1,491,549$1,078,115$3,254,410
71$4,371,657$1,525,292$1,074,889$3,512,056
72$4,776,985$1,559,450$1,070,316$3,794,137
73$5,222,377$1,594,003$1,064,312$4,103,107
74$5,711,881$1,628,931$1,056,788$4,441,669
75$6,249,955$1,664,210$1,047,652$4,812,805
76$6,841,508$1,699,815$1,036,806$5,219,796
77$7,491,953$1,735,717$1,024,151$5,666,259
78$8,207,251$1,771,885$1,009,578$6,156,182
79$8,993,969$1,808,286$992,978$6,693,957
80$9,859,345$1,844,883$974,233$7,284,424
81$10,811,350$1,881,634$953,222$7,932,918
82$11,858,770$1,918,496$929,817$8,645,315
83$13,011,283$1,955,422$903,885$9,428,095
84$14,279,555$1,992,358$875,286$10,288,393
85$15,675,336$2,029,250$843,874$11,234,078
86$17,211,574$2,066,037$809,498$12,273,816
87$18,902,534$2,102,652$771,996$13,417,162
88$20,763,937$2,139,027$731,202$14,674,643
89$22,813,103$2,175,084$686,942$16,057,859
90$25,069,118$2,210,742$639,033$17,579,597
91$27,553,013$2,245,913$587,285$19,253,947
92$30,287,961$2,280,503$531,500$21,096,435
93$33,299,497$2,314,411$471,469$23,124,173
94$36,615,757$2,347,529$406,975$25,356,020
95$40,267,747$2,379,740$337,791$27,812,758
96$44,289,631$2,410,922$263,681$30,517,290
97$48,719,056$2,440,940$184,397$33,494,856
98$53,597,507$2,469,653$99,681$36,773,272
99$58,970,696$2,496,910$9,265$40,383,193
100$64,888,998$2,522,549$0$44,358,400