Can I retire at age 54 with 986,000?

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 $986,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.3%
1 years$81,423$80,698$79,990$79,299$78,625$77,869
2 years$40,308$39,558$38,830$38,125$37,440$36,679
3 years$26,605$25,851$25,126$24,427$23,754$23,010
4 years$19,755$19,004$18,285$17,598$16,941$16,221
5 years$15,646$14,899$14,190$13,517$12,879$12,184
6 years$12,908$12,166$11,468$10,810$10,190$9,523
7 years$10,952$10,217$9,530$8,887$8,288$7,647
8 years$9,487$8,758$8,082$7,455$6,875$6,262
9 years$8,347$7,625$6,961$6,350$5,790$5,204
10 years$7,436$6,721$6,069$5,474$4,933$4,373
11 years$6,691$5,984$5,343$4,764$4,243$3,709
12 years$6,071$5,371$4,742$4,179$3,677$3,168
13 years$5,546$4,853$4,236$3,689$3,206$2,723
14 years$5,097$4,412$3,806$3,275$2,811$2,351
15 years$4,708$4,030$3,437$2,921$2,475$2,039
16 years$4,368$3,698$3,116$2,615$2,187$1,774
17 years$4,069$3,405$2,835$2,350$1,939$1,548
18 years$3,803$3,147$2,588$2,117$1,724$1,355
19 years$3,565$2,916$2,369$1,913$1,537$1,188
20 years$3,351$2,710$2,174$1,733$1,373$1,044
21 years$3,158$2,524$2,000$1,573$1,228$918
22 years$2,983$2,356$1,843$1,430$1,101$809
23 years$2,823$2,204$1,702$1,302$988$714
24 years$2,676$2,065$1,574$1,188$888$631
25 years$2,542$1,938$1,458$1,085$799$558
26 years$2,418$1,821$1,352$992$720$493
27 years$2,304$1,714$1,256$908$649$437
28 years$2,198$1,615$1,167$832$586$387
29 years$2,099$1,524$1,086$763$529$343
30 years$2,007$1,439$1,012$700$478$304
31 years$1,921$1,360$943$643$432$270
32 years$1,841$1,287$880$591$391$240
33 years$1,766$1,219$822$543$354$213
34 years$1,695$1,155$768$500$320$189
35 years$1,629$1,096$718$460$290$168
36 years$1,566$1,040$672$424$263$149
37 years$1,507$988$629$391$238$133
38 years$1,451$939$589$360$216$118
39 years$1,398$893$551$332$196$105
40 years$1,348$849$517$306$178$93
41 years$1,300$808$485$282$161$83
42 years$1,255$770$455$261$146$74
43 years$1,212$734$427$241$133$66
44 years$1,172$699$400$222$120$59
45 years$1,133$667$376$205$109$52
46 years$1,095$636$353$190$99$46
47 years$1,060$607$332$175$90$41
48 years$1,026$579$312$162$82$37
49 years$994$553$293$150$74$33
50 years$963$529$276$138$68$29

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $986,000, adding $4,464 every year, while hoping to spend $50,498 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: 58/20/22 Blend
53$986,000$986,000$986,000$986,000
54$1,091,177$1,038,919$1,023,636$1,147,794
55$1,148,747$1,036,096$1,004,198$1,184,032
56$1,210,497$1,031,443$982,417$1,217,701
57$1,276,800$1,024,816$958,160$1,253,307
58$1,348,065$1,016,063$931,290$1,291,048
59$1,424,742$1,005,024$901,662$1,331,146
60$1,507,324$991,528$869,125$1,373,846
61$1,596,352$975,395$833,523$1,419,420
62$1,692,423$956,432$794,689$1,468,173
63$1,796,190$934,437$752,451$1,520,439
64$1,908,373$909,196$706,629$1,576,593
65$2,029,760$880,480$657,034$1,637,049
66$2,161,222$848,049$603,471$1,702,267
67$2,303,711$811,649$545,732$1,772,758
68$2,458,280$771,009$483,604$1,849,086
69$2,626,081$725,845$416,861$1,931,881
70$2,808,385$675,855$345,270$2,021,836
71$3,006,589$620,721$268,585$2,119,723
72$3,222,230$560,105$186,552$2,226,395
73$3,456,999$493,652$98,903$2,342,798
74$3,712,756$420,985$5,360$2,469,980
75$3,991,550$341,706$0$2,609,098
76$4,295,634$255,395$0$2,783,614
77$4,627,488$161,609$0$2,975,555
78$4,989,843$59,878$0$3,185,309
79$5,385,704$0$0$3,414,692
80$5,818,379$0$0$3,676,778
81$6,291,513$0$0$3,977,860
82$6,809,116$0$0$4,307,323
83$7,375,605$0$0$4,667,989
84$7,995,841$0$0$5,062,964
85$8,675,182$0$0$5,495,670
86$9,419,524$0$0$5,969,875
87$10,235,362$0$0$6,489,729
88$11,129,849$0$0$7,059,802
89$12,110,865$0$0$7,685,128
90$13,187,086$0$0$8,371,253
91$14,368,070$0$0$9,124,282
92$15,664,345$0$0$9,950,944
93$17,087,509$0$0$10,858,650
94$18,650,335$0$0$11,855,561
95$20,366,896$0$0$12,950,671
96$22,252,695$0$0$14,153,887
97$24,324,810$0$0$15,476,121
98$26,602,053$0$0$16,929,398
99$29,105,153$0$0$18,526,962
100$31,856,944$0$0$20,283,406