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%14.8%
1 years$80,019$79,306$78,611$77,932$77,269$75,740
2 years$39,613$38,876$38,161$37,467$36,795$35,261
3 years$26,147$25,406$24,692$24,006$23,344$21,853
4 years$19,415$18,676$17,970$17,295$16,649$15,212
5 years$15,376$14,642$13,945$13,284$12,657$11,278
6 years$12,685$11,956$11,270$10,623$10,015$8,696
7 years$10,764$10,041$9,365$8,734$8,145$6,886
8 years$9,323$8,607$7,943$7,327$6,757$5,558
9 years$8,203$7,494$6,841$6,241$5,690$4,551
10 years$7,308$6,606$5,964$5,380$4,848$3,767
11 years$6,576$5,880$5,251$4,682$4,170$3,145
12 years$5,966$5,278$4,660$4,107$3,613$2,644
13 years$5,451$4,770$4,163$3,626$3,151$2,235
14 years$5,009$4,336$3,741$3,218$2,762$1,898
15 years$4,627$3,961$3,377$2,870$2,432$1,618
16 years$4,293$3,634$3,062$2,570$2,149$1,384
17 years$3,999$3,347$2,786$2,309$1,906$1,187
18 years$3,737$3,092$2,544$2,081$1,695$1,020
19 years$3,503$2,866$2,329$1,880$1,510$878
20 years$3,293$2,663$2,137$1,703$1,349$757
21 years$3,104$2,481$1,966$1,546$1,207$654
22 years$2,931$2,316$1,812$1,405$1,082$565
23 years$2,774$2,166$1,673$1,280$971$489
24 years$2,630$2,029$1,547$1,167$873$424
25 years$2,498$1,904$1,433$1,066$786$367
26 years$2,377$1,790$1,329$975$708$319
27 years$2,264$1,684$1,234$892$638$277
28 years$2,160$1,587$1,147$817$576$240
29 years$2,063$1,497$1,068$750$520$209
30 years$1,972$1,414$994$688$470$181
31 years$1,888$1,337$927$632$425$158
32 years$1,809$1,265$865$581$384$137
33 years$1,735$1,198$808$534$348$119
34 years$1,666$1,135$755$491$315$104
35 years$1,601$1,077$705$452$285$90
36 years$1,539$1,022$660$417$258$78
37 years$1,481$971$618$384$234$68
38 years$1,426$922$578$354$212$59
39 years$1,374$877$542$326$192$52
40 years$1,325$835$508$301$175$45
41 years$1,278$794$476$278$158$39
42 years$1,234$757$447$256$144$34
43 years$1,191$721$419$236$130$30
44 years$1,151$687$394$218$118$26
45 years$1,113$655$370$202$107$23
46 years$1,077$625$347$186$98$20
47 years$1,042$597$326$172$89$17
48 years$1,008$569$306$159$80$15
49 years$977$544$288$147$73$13
50 years$946$519$271$136$66$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $969,000, adding $4,385 every year, while hoping to spend $54,677 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: 74/12/14 Blend
53$969,000$969,000$969,000$969,000
54$1,072,361$1,021,004$1,005,985$1,148,180
55$1,123,566$1,012,857$981,509$1,190,765
56$1,178,161$1,002,479$954,381$1,230,212
57$1,236,435$989,702$924,454$1,271,957
58$1,298,703$974,349$891,575$1,316,213
59$1,365,311$956,232$855,583$1,363,216
60$1,436,638$935,153$816,311$1,413,225
61$1,513,101$910,901$773,583$1,466,528
62$1,595,156$883,254$727,216$1,523,442
63$1,683,303$851,975$677,020$1,584,320
64$1,778,093$816,814$622,793$1,649,550
65$1,880,129$777,509$564,327$1,719,559
66$1,990,074$733,778$501,403$1,794,823
67$2,108,655$685,327$433,794$1,875,864
68$2,236,673$631,843$361,261$1,963,261
69$2,375,006$572,996$283,556$2,057,654
70$2,524,620$508,437$200,419$2,159,749
71$2,686,577$437,795$111,578$2,270,326
72$2,862,044$360,683$16,752$2,390,247
73$3,052,303$276,687$0$2,520,465
74$3,258,766$185,373$0$2,674,644
75$3,482,985$86,281$0$2,844,822
76$3,726,667$0$0$3,029,826
77$3,991,689$0$0$3,233,905
78$4,280,118$0$0$3,468,444
79$4,594,227$0$0$3,723,904
80$4,936,518$0$0$4,002,323
81$5,309,743$0$0$4,305,947
82$5,716,933$0$0$4,637,244
83$6,161,422$0$0$4,998,935
84$6,646,883$0$0$5,394,013
85$7,177,355$0$0$5,825,771
86$7,757,289$0$0$6,297,838
87$8,391,584$0$0$6,814,208
88$9,085,632$0$0$7,379,279
89$9,845,374$0$0$7,997,892
90$10,677,350$0$0$8,675,381
91$11,588,760$0$0$9,417,617
92$12,587,538$0$0$10,231,068
93$13,682,419$0$0$11,122,855
94$14,883,021$0$0$12,100,824
95$16,199,943$0$0$13,173,614
96$17,644,855$0$0$14,350,741
97$19,230,612$0$0$15,642,688
98$20,971,374$0$0$17,061,002
99$22,882,740$0$0$18,618,399
100$24,981,893$0$0$20,328,893