Can I retire at age 54 with 990,000?

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 $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%17.7%
1 years$81,753$81,025$80,315$79,621$78,944$76,478
2 years$40,472$39,718$38,988$38,279$37,592$35,130
3 years$26,713$25,956$25,228$24,526$23,850$21,469
4 years$19,835$19,081$18,359$17,670$17,010$14,728
5 years$15,710$14,959$14,248$13,572$12,931$10,753
6 years$12,960$12,215$11,514$10,854$10,232$8,161
7 years$10,997$10,259$9,568$8,923$8,321$6,358
8 years$9,525$8,793$8,115$7,486$6,903$5,045
9 years$8,381$7,656$6,989$6,376$5,813$4,059
10 years$7,466$6,749$6,093$5,496$4,953$3,300
11 years$6,718$6,008$5,364$4,783$4,260$2,704
12 years$6,095$5,392$4,761$4,196$3,692$2,231
13 years$5,569$4,873$4,253$3,704$3,219$1,849
14 years$5,118$4,430$3,822$3,288$2,822$1,540
15 years$4,727$4,046$3,451$2,932$2,485$1,286
16 years$4,386$3,713$3,128$2,626$2,196$1,077
17 years$4,085$3,419$2,847$2,359$1,947$904
18 years$3,818$3,159$2,599$2,126$1,731$761
19 years$3,579$2,928$2,379$1,921$1,543$641
20 years$3,365$2,721$2,183$1,740$1,378$541
21 years$3,171$2,534$2,008$1,579$1,233$457
22 years$2,995$2,366$1,851$1,436$1,106$386
23 years$2,834$2,213$1,709$1,308$992$327
24 years$2,687$2,073$1,581$1,193$892$276
25 years$2,552$1,946$1,464$1,089$803$234
26 years$2,428$1,829$1,358$996$723$198
27 years$2,313$1,721$1,261$912$652$168
28 years$2,206$1,622$1,172$835$588$143
29 years$2,107$1,530$1,091$766$531$121
30 years$2,015$1,445$1,016$703$480$103
31 years$1,929$1,366$947$646$434$87
32 years$1,848$1,292$884$593$392$74
33 years$1,773$1,224$825$546$355$63
34 years$1,702$1,160$771$502$322$53
35 years$1,635$1,100$721$462$291$45
36 years$1,572$1,044$674$426$264$38
37 years$1,513$992$631$392$239$33
38 years$1,457$942$591$361$217$28
39 years$1,404$896$554$333$197$24
40 years$1,353$853$519$307$178$20
41 years$1,306$812$487$284$162$17
42 years$1,260$773$456$262$147$14
43 years$1,217$737$428$242$133$12
44 years$1,176$702$402$223$121$10
45 years$1,137$669$378$206$110$9
46 years$1,100$639$355$190$100$8
47 years$1,064$609$333$176$91$6
48 years$1,030$582$313$162$82$5
49 years$998$556$294$150$75$5
50 years$967$531$277$139$68$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $990,000, adding $2,927 every year, while hoping to spend $44,187 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: 67/7/26 Blend
53$990,000$990,000$990,000$990,000
54$1,093,999$1,041,529$1,026,184$1,159,726
55$1,158,572$1,045,550$1,013,547$1,208,329
56$1,228,251$1,048,286$999,005$1,256,188
57$1,303,510$1,049,629$982,448$1,307,527
58$1,384,869$1,049,462$963,762$1,362,691
59$1,472,901$1,047,661$942,823$1,422,061
60$1,568,236$1,044,095$919,507$1,486,059
61$1,671,566$1,038,626$893,680$1,555,149
62$1,783,652$1,031,104$865,204$1,629,846
63$1,905,330$1,021,374$833,935$1,710,717
64$2,037,522$1,009,270$799,719$1,798,389
65$2,181,239$994,614$762,400$1,893,554
66$2,337,596$977,221$721,811$1,996,978
67$2,507,818$956,892$677,779$2,109,503
68$2,693,254$933,418$630,124$2,232,062
69$2,895,389$906,578$578,655$2,365,683
70$3,115,855$876,137$523,176$2,511,503
71$3,356,450$841,846$463,481$2,670,775
72$3,619,153$803,442$399,353$2,844,883
73$3,906,143$760,647$330,568$3,035,356
74$4,219,818$713,167$256,890$3,243,878
75$4,562,819$660,691$178,075$3,472,312
76$4,938,051$602,889$93,865$3,722,710
77$5,348,716$539,415$3,994$3,997,340
78$5,798,340$469,901$0$4,298,700
79$6,290,803$393,958$0$4,655,051
80$6,830,379$311,177$0$5,046,776
81$7,421,776$221,123$0$5,476,211
82$8,070,180$123,340$0$5,947,148
83$8,781,298$17,344$0$6,463,768
84$9,561,422$0$0$7,030,677
85$10,417,478$0$0$7,660,448
86$11,357,096$0$0$8,353,223
87$12,388,682$0$0$9,113,871
88$13,521,495$0$0$9,949,227
89$14,765,733$0$0$10,866,819
90$16,132,632$0$0$11,874,943
91$17,634,570$0$0$12,982,737
92$19,285,183$0$0$14,200,267
93$21,099,492$0$0$15,538,623
94$23,094,049$0$0$17,010,025
95$25,287,086$0$0$18,627,933
96$27,698,693$0$0$20,407,179
97$30,351,002$0$0$22,364,102
98$33,268,398$0$0$24,516,707
99$36,477,748$0$0$26,884,828
100$40,008,656$0$0$29,490,322