Can I retire at age 54 with 972,000?

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 $972,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.9%
1 years$80,267$79,552$78,854$78,173$77,509$75,944
2 years$39,736$38,996$38,279$37,583$36,909$35,339
3 years$26,228$25,484$24,769$24,080$23,417$21,891
4 years$19,475$18,734$18,025$17,348$16,701$15,231
5 years$15,424$14,687$13,988$13,325$12,696$11,286
6 years$12,724$11,993$11,305$10,656$10,046$8,697
7 years$10,797$10,072$9,394$8,761$8,170$6,884
8 years$9,352$8,634$7,967$7,349$6,778$5,553
9 years$8,229$7,517$6,862$6,260$5,708$4,544
10 years$7,330$6,626$5,983$5,396$4,863$3,759
11 years$6,596$5,899$5,267$4,696$4,183$3,136
12 years$5,985$5,294$4,674$4,119$3,625$2,635
13 years$5,468$4,785$4,176$3,637$3,161$2,226
14 years$5,025$4,349$3,752$3,228$2,771$1,889
15 years$4,641$3,973$3,388$2,879$2,439$1,609
16 years$4,306$3,645$3,072$2,578$2,156$1,375
17 years$4,011$3,357$2,795$2,316$1,912$1,178
18 years$3,749$3,102$2,551$2,087$1,700$1,012
19 years$3,514$2,875$2,336$1,886$1,515$871
20 years$3,304$2,671$2,144$1,708$1,353$750
21 years$3,113$2,488$1,972$1,550$1,211$647
22 years$2,940$2,323$1,817$1,410$1,086$559
23 years$2,783$2,172$1,678$1,284$974$484
24 years$2,638$2,035$1,552$1,171$876$419
25 years$2,506$1,910$1,437$1,069$788$363
26 years$2,384$1,795$1,333$978$710$314
27 years$2,271$1,690$1,238$895$640$273
28 years$2,166$1,592$1,151$820$578$236
29 years$2,069$1,502$1,071$752$521$205
30 years$1,979$1,418$997$690$471$178
31 years$1,894$1,341$930$634$426$155
32 years$1,815$1,269$868$582$385$134
33 years$1,741$1,202$810$536$349$117
34 years$1,671$1,139$757$493$316$102
35 years$1,606$1,080$708$454$286$88
36 years$1,544$1,025$662$418$259$77
37 years$1,485$974$620$385$235$67
38 years$1,430$925$580$355$213$58
39 years$1,378$880$544$327$193$50
40 years$1,329$837$510$302$175$44
41 years$1,282$797$478$278$159$38
42 years$1,237$759$448$257$144$33
43 years$1,195$723$421$237$131$29
44 years$1,155$689$395$219$119$25
45 years$1,116$657$371$202$108$22
46 years$1,080$627$348$187$98$19
47 years$1,045$598$327$173$89$17
48 years$1,012$571$307$159$81$14
49 years$980$545$289$147$73$13
50 years$949$521$272$136$67$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $972,000, adding $3,258 every year, while hoping to spend $20,119 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: 36/39/25 Blend
53$972,000$972,000$972,000$972,000
54$1,074,505$1,022,989$1,007,923$1,104,999
55$1,162,698$1,051,709$1,020,282$1,156,520
56$1,259,212$1,081,162$1,032,380$1,210,028
57$1,364,875$1,111,362$1,044,189$1,267,397
58$1,480,599$1,142,325$1,055,675$1,328,988
59$1,607,386$1,174,065$1,066,807$1,395,196
60$1,746,342$1,206,597$1,077,547$1,466,456
61$1,898,685$1,239,936$1,087,861$1,543,248
62$2,065,754$1,274,096$1,097,707$1,626,099
63$2,249,026$1,309,092$1,107,046$1,715,591
64$2,450,128$1,344,939$1,115,833$1,812,363
65$2,670,851$1,381,651$1,124,023$1,917,121
66$2,913,168$1,419,242$1,131,568$2,030,640
67$3,179,253$1,457,727$1,138,418$2,153,776
68$3,471,500$1,497,119$1,144,518$2,287,471
69$3,792,547$1,537,432$1,149,814$2,432,763
70$4,145,301$1,578,679$1,154,246$2,590,794
71$4,532,961$1,620,874$1,157,753$2,762,824
72$4,959,055$1,664,029$1,160,270$2,950,241
73$5,427,468$1,708,157$1,161,729$3,154,573
74$5,942,482$1,753,268$1,162,058$3,377,505
75$6,508,810$1,799,373$1,161,182$3,620,893
76$7,131,651$1,846,485$1,159,024$3,886,783
77$7,816,728$1,894,611$1,155,500$4,177,428
78$8,570,349$1,943,761$1,150,524$4,495,312
79$9,399,463$1,993,944$1,144,005$4,843,173
80$10,311,727$2,045,166$1,135,848$5,224,025
81$11,315,578$2,097,434$1,125,953$5,641,194
82$12,420,311$2,150,753$1,114,217$6,098,342
83$13,636,170$2,205,127$1,100,530$6,599,506
84$14,974,439$2,260,558$1,084,778$7,149,134
85$16,447,554$2,317,047$1,066,840$7,752,131
86$18,069,217$2,374,595$1,046,592$8,413,898
87$19,854,526$2,433,199$1,023,902$9,140,392
88$21,820,117$2,492,856$998,632$9,938,175
89$23,984,323$2,553,559$970,640$10,814,481
90$26,367,341$2,615,301$939,774$11,777,281
91$28,991,431$2,678,072$905,877$12,835,360
92$31,881,119$2,741,859$868,786$13,998,402
93$35,063,431$2,806,648$828,328$15,277,077
94$38,568,147$2,872,420$784,323$16,683,147
95$42,428,084$2,939,154$736,584$18,229,574
96$46,679,403$3,006,827$684,914$19,930,642
97$51,361,951$3,075,411$629,108$21,802,097
98$56,519,639$3,144,875$568,952$23,861,290
99$62,200,853$3,215,185$504,222$26,127,345
100$68,458,911$3,286,299$434,684$28,621,338