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%12.7%
1 years$79,854$79,143$78,449$77,771$77,110$76,241
2 years$39,532$38,795$38,082$37,390$36,719$35,844
3 years$26,093$25,353$24,642$23,956$23,296$22,443
4 years$19,374$18,637$17,933$17,259$16,615$15,790
5 years$15,345$14,612$13,917$13,257$12,630$11,835
6 years$12,659$11,932$11,247$10,601$9,994$9,230
7 years$10,741$10,020$9,346$8,716$8,128$7,396
8 years$9,304$8,589$7,926$7,312$6,743$6,042
9 years$8,186$7,478$6,827$6,228$5,678$5,009
10 years$7,293$6,592$5,952$5,369$4,838$4,200
11 years$6,562$5,868$5,240$4,672$4,161$3,553
12 years$5,954$5,267$4,650$4,098$3,606$3,027
13 years$5,440$4,760$4,155$3,618$3,144$2,595
14 years$4,999$4,327$3,733$3,212$2,756$2,235
15 years$4,618$3,952$3,370$2,864$2,427$1,933
16 years$4,284$3,626$3,056$2,565$2,145$1,677
17 years$3,990$3,340$2,781$2,304$1,902$1,460
18 years$3,729$3,086$2,538$2,077$1,691$1,274
19 years$3,496$2,860$2,324$1,876$1,507$1,114
20 years$3,287$2,658$2,133$1,699$1,346$975
21 years$3,097$2,476$1,962$1,542$1,205$856
22 years$2,925$2,311$1,808$1,402$1,080$752
23 years$2,768$2,161$1,669$1,277$969$661
24 years$2,625$2,025$1,544$1,165$871$582
25 years$2,493$1,900$1,430$1,064$784$513
26 years$2,372$1,786$1,326$973$706$453
27 years$2,259$1,681$1,231$890$637$400
28 years$2,155$1,584$1,145$816$575$353
29 years$2,059$1,494$1,065$748$519$312
30 years$1,968$1,411$992$687$469$276
31 years$1,884$1,334$925$631$424$244
32 years$1,806$1,262$863$579$383$216
33 years$1,732$1,195$806$533$347$191
34 years$1,662$1,133$753$490$314$169
35 years$1,597$1,075$704$451$285$150
36 years$1,536$1,020$659$416$258$133
37 years$1,478$969$616$383$234$118
38 years$1,423$921$577$353$212$104
39 years$1,371$875$541$325$192$92
40 years$1,322$833$507$300$174$82
41 years$1,275$793$475$277$158$73
42 years$1,231$755$446$256$143$64
43 years$1,189$719$418$236$130$57
44 years$1,149$686$393$218$118$51
45 years$1,111$654$369$201$107$45
46 years$1,074$624$346$186$97$40
47 years$1,040$595$325$172$88$35
48 years$1,006$568$306$159$80$31
49 years$975$543$287$147$73$28
50 years$944$518$270$136$66$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $967,000, adding $3,103 every year, while hoping to spend $25,679 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: 58/21/21 Blend
53$967,000$967,000$967,000$967,000
54$1,068,835$1,017,584$1,002,595$1,124,673
55$1,150,534$1,040,123$1,008,860$1,185,551
56$1,239,705$1,062,906$1,014,474$1,248,849
57$1,337,084$1,085,918$1,019,388$1,317,294
58$1,443,481$1,109,142$1,023,551$1,391,388
59$1,559,785$1,132,559$1,026,909$1,471,684
60$1,686,977$1,156,149$1,029,405$1,558,794
61$1,826,139$1,179,890$1,030,980$1,653,389
62$1,978,458$1,203,757$1,031,571$1,756,210
63$2,145,244$1,227,725$1,031,112$1,868,076
64$2,327,940$1,251,764$1,029,535$1,989,885
65$2,528,133$1,275,843$1,026,767$2,122,631
66$2,747,572$1,299,929$1,022,734$2,267,408
67$2,988,183$1,323,984$1,017,354$2,425,421
68$3,252,087$1,347,970$1,010,545$2,598,000
69$3,541,622$1,371,842$1,002,221$2,786,609
70$3,859,361$1,395,556$992,288$2,992,865
71$4,208,139$1,419,061$980,653$3,218,548
72$4,591,078$1,442,304$967,214$3,465,619
73$5,011,620$1,465,228$951,867$3,736,243
74$5,473,552$1,487,772$934,502$4,032,803
75$5,981,050$1,509,868$915,003$4,357,930
76$6,538,712$1,531,447$893,251$4,714,521
77$7,151,605$1,552,432$869,119$5,105,769
78$7,825,311$1,572,743$842,477$5,535,197
79$8,565,978$1,592,293$813,185$6,006,685
80$9,380,381$1,610,989$781,100$6,524,513
81$10,275,985$1,628,733$746,072$7,093,397
82$11,261,013$1,645,418$707,943$7,718,534
83$12,344,525$1,660,932$666,548$8,405,658
84$13,536,505$1,675,156$621,715$9,161,083
85$14,847,950$1,687,961$573,265$9,991,774
86$16,290,981$1,699,211$521,009$10,905,406
87$17,878,951$1,708,761$464,752$11,910,438
88$19,626,571$1,716,458$404,288$13,016,198
89$21,550,053$1,722,136$339,404$14,232,962
90$23,667,260$1,725,622$269,876$15,572,063
91$25,997,874$1,726,731$195,470$17,045,989
92$28,563,582$1,725,266$115,943$18,668,505
93$31,388,281$1,721,017$31,040$20,454,784
94$34,498,302$1,713,764$0$22,421,550
95$37,922,661$1,703,270$0$24,600,584
96$41,693,328$1,689,286$0$27,007,145
97$45,845,534$1,671,548$0$29,656,730
98$50,418,099$1,649,774$0$32,574,088
99$55,453,799$1,623,667$0$35,786,497
100$60,999,772$1,592,913$0$39,324,013