Can I retire at age 54 with 990,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $990,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.6%
1 years$81,753$81,025$80,315$79,621$78,944$77,130
2 years$40,472$39,718$38,988$38,279$37,592$35,774
3 years$26,713$25,956$25,228$24,526$23,850$22,085
4 years$19,835$19,081$18,359$17,670$17,010$15,312
5 years$15,710$14,959$14,248$13,572$12,931$11,304
6 years$12,960$12,215$11,514$10,854$10,232$8,679
7 years$10,997$10,259$9,568$8,923$8,321$6,842
8 years$9,525$8,793$8,115$7,486$6,903$5,497
9 years$8,381$7,656$6,989$6,376$5,813$4,479
10 years$7,466$6,749$6,093$5,496$4,953$3,689
11 years$6,718$6,008$5,364$4,783$4,260$3,064
12 years$6,095$5,392$4,761$4,196$3,692$2,563
13 years$5,569$4,873$4,253$3,704$3,219$2,155
14 years$5,118$4,430$3,822$3,288$2,822$1,820
15 years$4,727$4,046$3,451$2,932$2,485$1,543
16 years$4,386$3,713$3,128$2,626$2,196$1,312
17 years$4,085$3,419$2,847$2,359$1,947$1,119
18 years$3,818$3,159$2,599$2,126$1,731$956
19 years$3,579$2,928$2,379$1,921$1,543$818
20 years$3,365$2,721$2,183$1,740$1,378$701
21 years$3,171$2,534$2,008$1,579$1,233$602
22 years$2,995$2,366$1,851$1,436$1,106$517
23 years$2,834$2,213$1,709$1,308$992$445
24 years$2,687$2,073$1,581$1,193$892$383
25 years$2,552$1,946$1,464$1,089$803$330
26 years$2,428$1,829$1,358$996$723$284
27 years$2,313$1,721$1,261$912$652$245
28 years$2,206$1,622$1,172$835$588$211
29 years$2,107$1,530$1,091$766$531$182
30 years$2,015$1,445$1,016$703$480$157
31 years$1,929$1,366$947$646$434$136
32 years$1,848$1,292$884$593$392$117
33 years$1,773$1,224$825$546$355$101
34 years$1,702$1,160$771$502$322$88
35 years$1,635$1,100$721$462$291$76
36 years$1,572$1,044$674$426$264$65
37 years$1,513$992$631$392$239$57
38 years$1,457$942$591$361$217$49
39 years$1,404$896$554$333$197$42
40 years$1,353$853$519$307$178$37
41 years$1,306$812$487$284$162$32
42 years$1,260$773$456$262$147$27
43 years$1,217$737$428$242$133$24
44 years$1,176$702$402$223$121$20
45 years$1,137$669$378$206$110$18
46 years$1,100$639$355$190$100$15
47 years$1,064$609$333$176$91$13
48 years$1,030$582$313$162$82$11
49 years$998$556$294$150$75$10
50 years$967$531$277$139$68$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $990,000, adding $3,388 every year, while hoping to spend $35,095 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: 77/10/13 Blend
53$990,000$990,000$990,000$990,000
54$1,094,475$1,042,005$1,026,660$1,175,642
55$1,168,770$1,055,722$1,023,712$1,243,313
56$1,249,468$1,068,935$1,019,489$1,312,710
57$1,337,183$1,081,583$1,013,912$1,387,824
58$1,432,594$1,093,599$1,006,896$1,469,211
59$1,536,446$1,104,912$998,354$1,557,486
60$1,649,559$1,115,449$988,195$1,653,325
61$1,772,836$1,125,128$976,322$1,757,471
62$1,907,271$1,133,864$962,634$1,870,746
63$2,053,956$1,141,568$947,026$1,994,054
64$2,214,096$1,148,141$929,387$2,128,391
65$2,389,016$1,153,481$909,603$2,274,856
66$2,580,173$1,157,479$887,553$2,434,658
67$2,789,173$1,160,019$863,109$2,609,130
68$3,017,785$1,160,976$836,139$2,799,744
69$3,267,956$1,160,220$806,506$3,008,117
70$3,541,828$1,157,611$774,064$3,236,035
71$3,841,761$1,153,002$738,663$3,485,466
72$4,170,356$1,146,234$700,144$3,758,576
73$4,530,475$1,137,142$658,341$4,057,756
74$4,925,271$1,125,549$613,082$4,385,640
75$5,358,215$1,111,268$564,187$4,745,129
76$5,833,132$1,094,099$511,467$5,139,423
77$6,354,235$1,073,833$454,725$5,572,049
78$6,926,164$1,050,248$393,754$6,046,891
79$7,554,028$1,023,106$328,341$6,568,234
80$8,243,459$992,158$258,260$7,140,799
81$9,000,658$957,139$183,278$7,769,789
82$9,832,456$917,770$103,149$8,460,939
83$10,746,381$873,755$17,618$9,220,570
84$11,750,722$824,780$0$10,055,650
85$12,854,615$770,513$0$10,984,074
86$14,068,123$710,606$0$12,007,361
87$15,402,332$644,686$0$13,132,432
88$16,869,458$572,363$0$14,369,612
89$18,482,956$493,223$0$15,730,276
90$20,257,656$406,829$0$17,226,960
91$22,209,892$312,718$0$18,873,476
92$24,357,663$210,404$0$20,685,046
93$26,720,802$99,371$0$22,678,443
94$29,321,158$0$0$24,872,153
95$32,182,809$0$0$27,288,846
96$35,332,280$0$0$29,960,682
97$38,798,803$0$0$32,901,530
98$42,614,584$0$0$36,138,718
99$46,815,111$0$0$39,702,357
100$51,439,488$0$0$43,625,628