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%15.2%
1 years$79,854$79,143$78,449$77,771$77,110$75,461
2 years$39,532$38,795$38,082$37,390$36,719$35,065
3 years$26,093$25,353$24,642$23,956$23,296$21,690
4 years$19,374$18,637$17,933$17,259$16,615$15,068
5 years$15,345$14,612$13,917$13,257$12,630$11,148
6 years$12,659$11,932$11,247$10,601$9,994$8,577
7 years$10,741$10,020$9,346$8,716$8,128$6,777
8 years$9,304$8,589$7,926$7,312$6,743$5,457
9 years$8,186$7,478$6,827$6,228$5,678$4,457
10 years$7,293$6,592$5,952$5,369$4,838$3,680
11 years$6,562$5,868$5,240$4,672$4,161$3,065
12 years$5,954$5,267$4,650$4,098$3,606$2,570
13 years$5,440$4,760$4,155$3,618$3,144$2,167
14 years$4,999$4,327$3,733$3,212$2,756$1,835
15 years$4,618$3,952$3,370$2,864$2,427$1,560
16 years$4,284$3,626$3,056$2,565$2,145$1,330
17 years$3,990$3,340$2,781$2,304$1,902$1,137
18 years$3,729$3,086$2,538$2,077$1,691$975
19 years$3,496$2,860$2,324$1,876$1,507$837
20 years$3,287$2,658$2,133$1,699$1,346$719
21 years$3,097$2,476$1,962$1,542$1,205$619
22 years$2,925$2,311$1,808$1,402$1,080$534
23 years$2,768$2,161$1,669$1,277$969$461
24 years$2,625$2,025$1,544$1,165$871$398
25 years$2,493$1,900$1,430$1,064$784$344
26 years$2,372$1,786$1,326$973$706$297
27 years$2,259$1,681$1,231$890$637$257
28 years$2,155$1,584$1,145$816$575$222
29 years$2,059$1,494$1,065$748$519$193
30 years$1,968$1,411$992$687$469$167
31 years$1,884$1,334$925$631$424$145
32 years$1,806$1,262$863$579$383$125
33 years$1,732$1,195$806$533$347$109
34 years$1,662$1,133$753$490$314$94
35 years$1,597$1,075$704$451$285$82
36 years$1,536$1,020$659$416$258$71
37 years$1,478$969$616$383$234$61
38 years$1,423$921$577$353$212$53
39 years$1,371$875$541$325$192$46
40 years$1,322$833$507$300$174$40
41 years$1,275$793$475$277$158$35
42 years$1,231$755$446$256$143$30
43 years$1,189$719$418$236$130$26
44 years$1,149$686$393$218$118$23
45 years$1,111$654$369$201$107$20
46 years$1,074$624$346$186$97$17
47 years$1,040$595$325$172$88$15
48 years$1,006$568$306$159$80$13
49 years$975$543$287$147$73$11
50 years$944$518$270$136$66$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $967,000, adding $6,433 every year, while hoping to spend $33,396 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: 63/17/20 Blend
53$967,000$967,000$967,000$967,000
54$1,072,270$1,021,019$1,006,030$1,133,932
55$1,146,108$1,035,515$1,004,199$1,190,746
56$1,226,359$1,049,603$1,001,187$1,248,439
57$1,313,640$1,063,227$996,920$1,310,674
58$1,408,634$1,076,327$991,319$1,377,897
59$1,512,088$1,088,841$984,302$1,450,600
60$1,624,828$1,100,701$975,783$1,529,325
61$1,747,760$1,111,835$965,671$1,614,671
62$1,881,883$1,122,166$953,872$1,707,298
63$2,028,295$1,131,613$940,288$1,807,933
64$2,188,208$1,140,088$924,814$1,917,380
65$2,362,951$1,147,499$907,341$2,036,525
66$2,553,992$1,153,746$887,757$2,166,345
67$2,762,946$1,158,726$865,943$2,307,916
68$2,991,588$1,162,325$841,774$2,462,428
69$3,241,877$1,164,426$815,120$2,631,192
70$3,515,967$1,164,902$785,846$2,815,653
71$3,816,232$1,163,618$753,808$3,017,405
72$4,145,286$1,160,434$718,859$3,238,208
73$4,506,007$1,155,197$680,843$3,480,001
74$4,901,565$1,147,747$639,596$3,744,922
75$5,335,453$1,137,915$594,951$4,035,331
76$5,811,516$1,125,519$546,728$4,353,830
77$6,333,990$1,110,370$494,744$4,703,286
78$6,907,543$1,092,263$438,803$5,086,864
79$7,537,314$1,070,986$378,704$5,508,053
80$8,228,965$1,046,309$314,236$5,970,699
81$8,988,734$1,017,993$245,178$6,479,045
82$9,823,492$985,782$171,299$7,037,769
83$10,740,810$949,407$92,359$7,652,027
84$11,749,027$908,583$8,108$8,327,509
85$12,857,331$863,006$0$9,070,483
86$14,075,844$812,359$0$9,905,323
87$15,415,718$756,302$0$10,825,174
88$16,889,239$694,479$0$11,836,771
89$18,509,944$626,511$0$12,949,444
90$20,292,749$552,000$0$14,173,477
91$22,254,085$470,525$0$15,520,203
92$24,412,060$381,638$0$17,002,112
93$26,786,621$284,870$0$18,632,969
94$29,399,751$179,722$0$20,427,946
95$32,275,668$65,671$0$22,403,763
96$35,441,058$0$0$24,578,848
97$38,925,327$0$0$26,984,331
98$42,760,873$0$0$29,645,938
99$46,983,397$0$0$32,576,170
100$51,632,238$0$0$35,802,334