Can I retire at age 54 with 967,000?

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 $967,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.4%
1 years$79,854$79,143$78,449$77,771$77,110$75,399
2 years$39,532$38,795$38,082$37,390$36,719$35,004
3 years$26,093$25,353$24,642$23,956$23,296$21,631
4 years$19,374$18,637$17,933$17,259$16,615$15,012
5 years$15,345$14,612$13,917$13,257$12,630$11,095
6 years$12,659$11,932$11,247$10,601$9,994$8,527
7 years$10,741$10,020$9,346$8,716$8,128$6,729
8 years$9,304$8,589$7,926$7,312$6,743$5,413
9 years$8,186$7,478$6,827$6,228$5,678$4,416
10 years$7,293$6,592$5,952$5,369$4,838$3,642
11 years$6,562$5,868$5,240$4,672$4,161$3,029
12 years$5,954$5,267$4,650$4,098$3,606$2,536
13 years$5,440$4,760$4,155$3,618$3,144$2,136
14 years$4,999$4,327$3,733$3,212$2,756$1,806
15 years$4,618$3,952$3,370$2,864$2,427$1,533
16 years$4,284$3,626$3,056$2,565$2,145$1,306
17 years$3,990$3,340$2,781$2,304$1,902$1,115
18 years$3,729$3,086$2,538$2,077$1,691$954
19 years$3,496$2,860$2,324$1,876$1,507$818
20 years$3,287$2,658$2,133$1,699$1,346$702
21 years$3,097$2,476$1,962$1,542$1,205$603
22 years$2,925$2,311$1,808$1,402$1,080$519
23 years$2,768$2,161$1,669$1,277$969$447
24 years$2,625$2,025$1,544$1,165$871$386
25 years$2,493$1,900$1,430$1,064$784$333
26 years$2,372$1,786$1,326$973$706$287
27 years$2,259$1,681$1,231$890$637$248
28 years$2,155$1,584$1,145$816$575$214
29 years$2,059$1,494$1,065$748$519$185
30 years$1,968$1,411$992$687$469$160
31 years$1,884$1,334$925$631$424$139
32 years$1,806$1,262$863$579$383$120
33 years$1,732$1,195$806$533$347$104
34 years$1,662$1,133$753$490$314$90
35 years$1,597$1,075$704$451$285$78
36 years$1,536$1,020$659$416$258$67
37 years$1,478$969$616$383$234$58
38 years$1,423$921$577$353$212$50
39 years$1,371$875$541$325$192$44
40 years$1,322$833$507$300$174$38
41 years$1,275$793$475$277$158$33
42 years$1,231$755$446$256$143$28
43 years$1,189$719$418$236$130$25
44 years$1,149$686$393$218$118$21
45 years$1,111$654$369$201$107$18
46 years$1,074$624$346$186$97$16
47 years$1,040$595$325$172$88$14
48 years$1,006$568$306$159$80$12
49 years$975$543$287$147$73$10
50 years$944$518$270$136$66$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $967,000, adding $4,652 every year, while hoping to spend $25,923 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: 55/29/16 Blend
53$967,000$967,000$967,000$967,000
54$1,070,433$1,019,182$1,004,193$1,124,525
55$1,152,035$1,041,540$1,010,252$1,184,237
56$1,241,092$1,064,124$1,015,644$1,246,043
57$1,338,336$1,086,919$1,020,322$1,312,758
58$1,444,575$1,109,907$1,024,231$1,384,859
59$1,560,697$1,133,068$1,027,318$1,462,869
60$1,687,679$1,156,380$1,029,525$1,547,364
61$1,826,600$1,179,819$1,030,791$1,638,980
62$1,978,643$1,203,361$1,031,053$1,738,418
63$2,145,116$1,226,977$1,030,244$1,846,449
64$2,327,455$1,250,636$1,028,294$1,963,924
65$2,527,245$1,274,306$1,025,131$2,091,781
66$2,746,228$1,297,951$1,020,677$2,231,053
67$2,986,325$1,321,533$1,014,852$2,382,879
68$3,249,652$1,345,009$1,007,571$2,548,515
69$3,538,537$1,368,336$998,746$2,729,344
70$3,855,548$1,391,464$988,284$2,926,891
71$4,203,511$1,414,343$976,088$3,142,839
72$4,585,538$1,436,915$962,056$3,379,040
73$5,005,061$1,459,121$946,083$3,637,538
74$5,465,856$1,480,897$928,056$3,920,585
75$5,972,086$1,502,174$907,858$4,230,662
76$6,528,336$1,522,878$885,369$4,570,507
77$7,139,657$1,542,930$860,460$4,943,136
78$7,811,614$1,562,246$832,997$5,351,874
79$8,550,338$1,580,734$802,841$5,800,386
80$9,362,582$1,598,300$769,846$6,292,714
81$10,255,789$1,614,841$733,860$6,833,310
82$11,238,157$1,630,245$694,722$7,427,085
83$12,318,719$1,644,397$652,265$8,079,450
84$13,507,428$1,657,173$606,316$8,796,371
85$14,815,250$1,668,438$556,691$9,584,425
86$16,254,266$1,678,053$503,201$10,450,859
87$17,837,790$1,685,866$445,647$11,403,665
88$19,580,490$1,691,718$383,821$12,451,649
89$21,498,526$1,695,439$317,506$13,604,520
90$23,609,709$1,696,849$246,475$14,872,980
91$25,933,660$1,695,755$170,493$16,268,824
92$28,492,000$1,691,953$89,311$17,805,054
93$31,308,554$1,685,229$2,673$19,496,002
94$34,409,573$1,675,352$0$21,357,465
95$37,823,983$1,662,078$0$23,422,184
96$41,583,659$1,645,150$0$25,695,504
97$45,723,724$1,624,294$0$28,198,175
98$50,282,879$1,599,219$0$30,953,564
99$55,303,771$1,569,619$0$33,987,426
100$60,833,393$1,535,168$0$37,328,145