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%17%
1 years$80,019$79,306$78,611$77,932$77,269$75,067
2 years$39,613$38,876$38,161$37,467$36,795$34,593
3 years$26,147$25,406$24,692$24,006$23,344$21,212
4 years$19,415$18,676$17,970$17,295$16,649$14,603
5 years$15,376$14,642$13,945$13,284$12,657$10,702
6 years$12,685$11,956$11,270$10,623$10,015$8,153
7 years$10,764$10,041$9,365$8,734$8,145$6,377
8 years$9,323$8,607$7,943$7,327$6,757$5,081
9 years$8,203$7,494$6,841$6,241$5,690$4,105
10 years$7,308$6,606$5,964$5,380$4,848$3,352
11 years$6,576$5,880$5,251$4,682$4,170$2,760
12 years$5,966$5,278$4,660$4,107$3,613$2,287
13 years$5,451$4,770$4,163$3,626$3,151$1,905
14 years$5,009$4,336$3,741$3,218$2,762$1,594
15 years$4,627$3,961$3,377$2,870$2,432$1,338
16 years$4,293$3,634$3,062$2,570$2,149$1,126
17 years$3,999$3,347$2,786$2,309$1,906$950
18 years$3,737$3,092$2,544$2,081$1,695$804
19 years$3,503$2,866$2,329$1,880$1,510$681
20 years$3,293$2,663$2,137$1,703$1,349$577
21 years$3,104$2,481$1,966$1,546$1,207$490
22 years$2,931$2,316$1,812$1,405$1,082$417
23 years$2,774$2,166$1,673$1,280$971$354
24 years$2,630$2,029$1,547$1,167$873$302
25 years$2,498$1,904$1,433$1,066$786$257
26 years$2,377$1,790$1,329$975$708$219
27 years$2,264$1,684$1,234$892$638$187
28 years$2,160$1,587$1,147$817$576$159
29 years$2,063$1,497$1,068$750$520$136
30 years$1,972$1,414$994$688$470$116
31 years$1,888$1,337$927$632$425$99
32 years$1,809$1,265$865$581$384$84
33 years$1,735$1,198$808$534$348$72
34 years$1,666$1,135$755$491$315$62
35 years$1,601$1,077$705$452$285$53
36 years$1,539$1,022$660$417$258$45
37 years$1,481$971$618$384$234$38
38 years$1,426$922$578$354$212$33
39 years$1,374$877$542$326$192$28
40 years$1,325$835$508$301$175$24
41 years$1,278$794$476$278$158$20
42 years$1,234$757$447$256$144$17
43 years$1,191$721$419$236$130$15
44 years$1,151$687$394$218$118$13
45 years$1,113$655$370$202$107$11
46 years$1,077$625$347$186$98$9
47 years$1,042$597$326$172$89$8
48 years$1,008$569$306$159$80$7
49 years$977$544$288$147$73$6
50 years$946$519$271$136$66$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $969,000, adding $2,501 every year, while hoping to spend $46,993 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: 69/16/15 Blend
53$969,000$969,000$969,000$969,000
54$1,070,418$1,019,061$1,004,041$1,140,400
55$1,129,600$1,018,995$987,676$1,187,230
56$1,193,244$1,017,350$969,188$1,232,613
57$1,261,755$1,014,000$948,456$1,281,066
58$1,335,579$1,008,811$925,354$1,332,887
59$1,415,204$1,001,638$899,749$1,388,403
60$1,501,167$992,331$871,504$1,447,976
61$1,594,060$980,729$840,473$1,512,005
62$1,694,530$966,661$806,505$1,580,931
63$1,803,292$949,947$769,442$1,655,244
64$1,921,129$930,396$729,120$1,735,480
65$2,048,903$907,804$685,364$1,822,235
66$2,187,562$881,958$637,995$1,916,166
67$2,338,149$852,630$586,824$2,017,999
68$2,501,811$819,579$531,653$2,128,534
69$2,679,810$782,552$472,277$2,248,657
70$2,873,532$741,279$408,480$2,379,345
71$3,084,507$695,476$340,039$2,521,677
72$3,314,414$644,842$266,717$2,676,844
73$3,565,103$589,058$188,271$2,846,161
74$3,838,610$527,788$104,445$3,031,081
75$4,137,175$460,677$14,971$3,233,206
76$4,463,266$387,349$0$3,454,305
77$4,819,596$307,406$0$3,709,219
78$5,209,157$220,431$0$3,990,611
79$5,635,238$125,979$0$4,298,511
80$6,101,464$23,584$0$4,635,596
81$6,611,825$0$0$5,004,817
82$7,170,716$0$0$5,424,789
83$7,782,974$0$0$5,889,466
84$8,453,930$0$0$6,398,748
85$9,189,451$0$0$6,957,096
86$9,996,002$0$0$7,569,424
87$10,880,702$0$0$8,241,146
88$11,851,393$0$0$8,978,221
89$12,916,710$0$0$9,787,217
90$14,086,169$0$0$10,675,367
91$15,370,250$0$0$11,650,639
92$16,780,496$0$0$12,721,809
93$18,329,626$0$0$13,898,547
94$20,031,649$0$0$15,191,505
95$21,901,998$0$0$16,612,416
96$23,957,678$0$0$18,174,209
97$26,217,420$0$0$19,891,126
98$28,701,861$0$0$21,778,857
99$31,433,739$0$0$23,854,690
100$34,438,103$0$0$26,137,671