Can I retire at age 54 with 969,000?

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 $969,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13%
1 years$80,019$79,306$78,611$77,932$77,269$76,304
2 years$39,613$38,876$38,161$37,467$36,795$35,823
3 years$26,147$25,406$24,692$24,006$23,344$22,397
4 years$19,415$18,676$17,970$17,295$16,649$15,733
5 years$15,376$14,642$13,945$13,284$12,657$11,775
6 years$12,685$11,956$11,270$10,623$10,015$9,168
7 years$10,764$10,041$9,365$8,734$8,145$7,334
8 years$9,323$8,607$7,943$7,327$6,757$5,981
9 years$8,203$7,494$6,841$6,241$5,690$4,950
10 years$7,308$6,606$5,964$5,380$4,848$4,143
11 years$6,576$5,880$5,251$4,682$4,170$3,498
12 years$5,966$5,278$4,660$4,107$3,613$2,975
13 years$5,451$4,770$4,163$3,626$3,151$2,545
14 years$5,009$4,336$3,741$3,218$2,762$2,187
15 years$4,627$3,961$3,377$2,870$2,432$1,888
16 years$4,293$3,634$3,062$2,570$2,149$1,635
17 years$3,999$3,347$2,786$2,309$1,906$1,420
18 years$3,737$3,092$2,544$2,081$1,695$1,236
19 years$3,503$2,866$2,329$1,880$1,510$1,079
20 years$3,293$2,663$2,137$1,703$1,349$943
21 years$3,104$2,481$1,966$1,546$1,207$825
22 years$2,931$2,316$1,812$1,405$1,082$723
23 years$2,774$2,166$1,673$1,280$971$635
24 years$2,630$2,029$1,547$1,167$873$558
25 years$2,498$1,904$1,433$1,066$786$490
26 years$2,377$1,790$1,329$975$708$431
27 years$2,264$1,684$1,234$892$638$380
28 years$2,160$1,587$1,147$817$576$335
29 years$2,063$1,497$1,068$750$520$295
30 years$1,972$1,414$994$688$470$260
31 years$1,888$1,337$927$632$425$230
32 years$1,809$1,265$865$581$384$203
33 years$1,735$1,198$808$534$348$179
34 years$1,666$1,135$755$491$315$158
35 years$1,601$1,077$705$452$285$140
36 years$1,539$1,022$660$417$258$123
37 years$1,481$971$618$384$234$109
38 years$1,426$922$578$354$212$96
39 years$1,374$877$542$326$192$85
40 years$1,325$835$508$301$175$75
41 years$1,278$794$476$278$158$67
42 years$1,234$757$447$256$144$59
43 years$1,191$721$419$236$130$52
44 years$1,151$687$394$218$118$46
45 years$1,113$655$370$202$107$41
46 years$1,077$625$347$186$98$36
47 years$1,042$597$326$172$89$32
48 years$1,008$569$306$159$80$28
49 years$977$544$288$147$73$25
50 years$946$519$271$136$66$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $969,000, adding $3,063 every year, while hoping to spend $37,041 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: 29/46/25 Blend
53$969,000$969,000$969,000$969,000
54$1,070,997$1,019,640$1,004,621$1,093,665
55$1,140,828$1,030,192$998,864$1,122,160
56$1,216,540$1,040,018$991,674$1,149,315
57$1,298,693$1,049,046$982,961$1,177,752
58$1,387,906$1,057,195$972,636$1,207,607
59$1,484,855$1,064,380$960,603$1,239,031
60$1,590,288$1,070,513$946,761$1,272,193
61$1,705,026$1,075,496$931,005$1,307,282
62$1,829,971$1,079,228$913,227$1,344,510
63$1,966,119$1,081,601$893,310$1,384,112
64$2,114,562$1,082,498$871,135$1,426,352
65$2,276,505$1,081,799$846,576$1,471,522
66$2,453,274$1,079,372$819,502$1,519,950
67$2,646,327$1,075,080$789,774$1,571,999
68$2,857,270$1,068,777$757,249$1,628,076
69$3,087,871$1,060,307$721,777$1,688,632
70$3,340,078$1,049,505$683,200$1,754,168
71$3,616,032$1,036,197$641,354$1,825,244
72$3,918,095$1,020,199$596,066$1,902,479
73$4,248,864$1,001,312$547,159$1,986,564
74$4,611,203$979,331$494,443$2,078,264
75$5,008,262$954,035$437,723$2,178,431
76$5,443,513$925,191$376,795$2,288,007
77$5,920,779$892,552$311,445$2,408,041
78$6,444,269$855,858$241,449$2,539,695
79$7,018,622$814,832$166,575$2,684,258
80$7,648,945$769,183$86,579$2,843,158
81$8,340,866$718,602$1,208$3,017,980
82$9,100,582$662,761$0$3,210,478
83$9,934,921$601,316$0$3,446,576
84$10,851,404$533,901$0$3,706,350
85$11,858,317$460,132$0$3,991,939
86$12,964,787$379,600$0$4,306,062
87$14,180,870$291,875$0$4,651,724
88$15,517,644$196,503$0$5,032,247
89$16,987,314$93,002$0$5,451,297
90$18,603,327$0$0$5,912,927
91$20,380,498$0$0$6,431,298
92$22,335,148$0$0$7,053,386
93$24,485,262$0$0$7,737,858
94$26,850,653$0$0$8,491,044
95$29,453,153$0$0$9,319,920
96$32,316,815$0$0$10,232,168
97$35,468,144$0$0$11,236,257
98$38,936,340$0$0$12,341,516
99$42,753,582$0$0$13,558,225
100$46,955,323$0$0$14,897,711