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%16.8%
1 years$81,423$80,698$79,990$79,299$78,625$76,445
2 years$40,308$39,558$38,830$38,125$37,440$35,261
3 years$26,605$25,851$25,126$24,427$23,754$21,642
4 years$19,755$19,004$18,285$17,598$16,941$14,914
5 years$15,646$14,899$14,190$13,517$12,879$10,941
6 years$12,908$12,166$11,468$10,810$10,190$8,345
7 years$10,952$10,217$9,530$8,887$8,288$6,534
8 years$9,487$8,758$8,082$7,455$6,875$5,213
9 years$8,347$7,625$6,961$6,350$5,790$4,217
10 years$7,436$6,721$6,069$5,474$4,933$3,447
11 years$6,691$5,984$5,343$4,764$4,243$2,842
12 years$6,071$5,371$4,742$4,179$3,677$2,358
13 years$5,546$4,853$4,236$3,689$3,206$1,967
14 years$5,097$4,412$3,806$3,275$2,811$1,648
15 years$4,708$4,030$3,437$2,921$2,475$1,385
16 years$4,368$3,698$3,116$2,615$2,187$1,168
17 years$4,069$3,405$2,835$2,350$1,939$987
18 years$3,803$3,147$2,588$2,117$1,724$836
19 years$3,565$2,916$2,369$1,913$1,537$709
20 years$3,351$2,710$2,174$1,733$1,373$602
21 years$3,158$2,524$2,000$1,573$1,228$512
22 years$2,983$2,356$1,843$1,430$1,101$436
23 years$2,823$2,204$1,702$1,302$988$371
24 years$2,676$2,065$1,574$1,188$888$317
25 years$2,542$1,938$1,458$1,085$799$270
26 years$2,418$1,821$1,352$992$720$231
27 years$2,304$1,714$1,256$908$649$197
28 years$2,198$1,615$1,167$832$586$168
29 years$2,099$1,524$1,086$763$529$144
30 years$2,007$1,439$1,012$700$478$123
31 years$1,921$1,360$943$643$432$105
32 years$1,841$1,287$880$591$391$90
33 years$1,766$1,219$822$543$354$77
34 years$1,695$1,155$768$500$320$66
35 years$1,629$1,096$718$460$290$56
36 years$1,566$1,040$672$424$263$48
37 years$1,507$988$629$391$238$41
38 years$1,451$939$589$360$216$35
39 years$1,398$893$551$332$196$30
40 years$1,348$849$517$306$178$26
41 years$1,300$808$485$282$161$22
42 years$1,255$770$455$261$146$19
43 years$1,212$734$427$241$133$16
44 years$1,172$699$400$222$120$14
45 years$1,133$667$376$205$109$12
46 years$1,095$636$353$190$99$10
47 years$1,060$607$332$175$90$9
48 years$1,026$579$312$162$82$7
49 years$994$553$293$150$74$6
50 years$963$529$276$138$68$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $986,000, adding $5,398 every year, while hoping to spend $21,067 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: 84/5/11 Blend
53$986,000$986,000$986,000$986,000
54$1,092,140$1,039,882$1,024,599$1,181,484
55$1,181,123$1,068,421$1,036,508$1,269,274
56$1,278,477$1,097,653$1,048,110$1,362,309
57$1,385,032$1,127,588$1,059,372$1,463,863
58$1,501,704$1,158,239$1,070,260$1,574,778
59$1,629,502$1,189,617$1,080,738$1,695,987
60$1,769,536$1,221,733$1,090,768$1,828,512
61$1,923,030$1,254,599$1,100,309$1,973,481
62$2,091,329$1,288,224$1,109,319$2,132,138
63$2,275,917$1,322,620$1,117,754$2,305,851
64$2,478,428$1,357,796$1,125,567$2,496,128
65$2,700,662$1,393,762$1,132,708$2,704,630
66$2,944,601$1,430,528$1,139,125$2,933,186
67$3,212,429$1,468,102$1,144,764$3,183,812
68$3,506,551$1,506,493$1,149,567$3,458,728
69$3,829,616$1,545,709$1,153,475$3,760,381
70$4,184,544$1,585,756$1,156,424$4,091,467
71$4,574,551$1,626,641$1,158,347$4,454,954
72$5,003,178$1,668,369$1,159,175$4,854,115
73$5,474,329$1,710,946$1,158,834$5,292,555
74$5,992,304$1,754,376$1,157,248$5,774,244
75$6,561,839$1,798,660$1,154,336$6,303,560
76$7,188,154$1,843,802$1,150,014$6,885,324
77$7,876,998$1,889,801$1,144,192$7,524,849
78$8,634,708$1,936,658$1,136,779$8,227,989
79$9,468,263$1,984,369$1,127,676$9,001,194
80$10,385,355$2,032,932$1,116,782$9,851,573
81$11,394,457$2,082,341$1,103,990$10,786,956
82$12,504,906$2,132,590$1,089,188$11,815,975
83$13,726,989$2,183,670$1,072,258$12,948,137
84$15,072,042$2,235,570$1,053,079$14,193,922
85$16,552,555$2,288,278$1,031,522$15,564,877
86$18,182,290$2,341,778$1,007,453$17,073,724
87$19,976,412$2,396,052$980,730$18,734,484
88$21,951,629$2,451,082$951,207$20,562,608
89$24,126,353$2,506,843$918,731$22,575,119
90$26,520,872$2,563,309$883,139$24,790,779
91$29,157,541$2,620,452$844,265$27,230,261
92$32,060,994$2,678,238$801,932$29,916,346
93$35,258,376$2,736,631$755,956$32,874,138
94$38,779,595$2,795,592$706,146$36,131,301
95$42,657,612$2,855,074$652,300$39,718,320
96$46,928,746$2,915,030$594,210$43,668,787
97$51,633,017$2,975,405$531,655$48,019,723
98$56,814,526$3,036,141$464,406$52,811,922
99$62,521,870$3,097,174$392,226$58,090,337
100$68,808,599$3,158,434$314,864$63,904,508