Can I retire at age 54 with 991,000?

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 $991,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.9%
1 years$81,836$81,107$80,396$79,702$79,024$78,394
2 years$40,513$39,758$39,027$38,318$37,630$36,996
3 years$26,740$25,982$25,253$24,551$23,874$23,254
4 years$19,855$19,100$18,378$17,687$17,027$16,427
5 years$15,725$14,975$14,262$13,586$12,944$12,365
6 years$12,973$12,228$11,526$10,865$10,242$9,685
7 years$11,008$10,269$9,578$8,932$8,330$7,794
8 years$9,535$8,802$8,123$7,493$6,910$6,397
9 years$8,389$7,664$6,996$6,382$5,819$5,328
10 years$7,474$6,755$6,099$5,502$4,958$4,489
11 years$6,725$6,014$5,370$4,788$4,264$3,816
12 years$6,102$5,398$4,766$4,200$3,695$3,268
13 years$5,575$4,878$4,258$3,708$3,222$2,816
14 years$5,123$4,434$3,826$3,291$2,825$2,438
15 years$4,732$4,051$3,454$2,935$2,487$2,120
16 years$4,391$3,716$3,132$2,628$2,198$1,850
17 years$4,089$3,423$2,850$2,362$1,949$1,619
18 years$3,822$3,163$2,601$2,128$1,733$1,421
19 years$3,583$2,931$2,381$1,923$1,545$1,249
20 years$3,368$2,724$2,186$1,742$1,380$1,101
21 years$3,174$2,537$2,010$1,581$1,235$971
22 years$2,998$2,368$1,853$1,437$1,107$859
23 years$2,837$2,215$1,711$1,309$993$760
24 years$2,690$2,075$1,582$1,194$893$673
25 years$2,555$1,948$1,465$1,090$804$597
26 years$2,430$1,830$1,359$997$724$530
27 years$2,315$1,723$1,262$912$653$471
28 years$2,209$1,623$1,173$836$589$418
29 years$2,110$1,531$1,092$767$532$372
30 years$2,017$1,446$1,017$704$480$331
31 years$1,931$1,367$948$646$434$295
32 years$1,850$1,294$885$594$393$263
33 years$1,775$1,225$826$546$356$234
34 years$1,704$1,161$772$502$322$209
35 years$1,637$1,101$721$463$292$186
36 years$1,574$1,045$675$426$264$166
37 years$1,515$993$632$392$239$148
38 years$1,458$943$592$362$217$132
39 years$1,405$897$554$334$197$118
40 years$1,355$854$519$308$179$105
41 years$1,307$812$487$284$162$94
42 years$1,262$774$457$262$147$84
43 years$1,219$737$429$242$133$75
44 years$1,177$703$402$223$121$67
45 years$1,138$670$378$206$110$60
46 years$1,101$639$355$190$100$53
47 years$1,065$610$333$176$91$48
48 years$1,031$582$313$163$82$42
49 years$999$556$295$150$75$38
50 years$968$531$277$139$68$34

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $991,000, adding $6,803 every year, while hoping to spend $28,445 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: 35/40/25 Blend
53$991,000$991,000$991,000$991,000
54$1,099,099$1,046,576$1,031,216$1,129,060
55$1,180,942$1,067,593$1,035,496$1,172,925
56$1,270,180$1,088,687$1,038,967$1,217,152
57$1,367,536$1,109,830$1,041,570$1,264,310
58$1,473,808$1,130,996$1,043,246$1,314,677
59$1,589,874$1,152,152$1,043,932$1,368,565
60$1,716,699$1,173,265$1,043,562$1,426,314
61$1,855,347$1,194,300$1,042,066$1,488,301
62$2,006,989$1,215,217$1,039,372$1,554,943
63$2,172,914$1,235,975$1,035,403$1,626,700
64$2,354,541$1,256,528$1,030,079$1,704,080
65$2,553,434$1,276,827$1,023,316$1,787,644
66$2,771,314$1,296,822$1,015,027$1,878,011
67$3,010,077$1,316,455$1,005,120$1,975,865
68$3,271,811$1,335,667$993,497$2,081,962
69$3,558,814$1,354,393$980,058$2,197,135
70$3,873,621$1,372,565$964,697$2,322,306
71$4,219,019$1,390,110$947,303$2,458,491
72$4,598,082$1,406,949$927,761$2,606,811
73$5,014,194$1,422,997$905,949$2,768,507
74$5,471,084$1,438,166$881,740$2,944,945
75$5,972,858$1,452,359$855,001$3,137,636
76$6,524,040$1,465,475$825,594$3,348,245
77$7,129,614$1,477,406$793,374$3,578,612
78$7,795,070$1,488,034$758,188$3,830,767
79$8,526,457$1,497,238$719,877$4,106,951
80$9,330,439$1,504,886$678,276$4,409,635
81$10,214,358$1,510,839$633,212$4,741,548
82$11,186,300$1,514,948$584,503$5,105,701
83$12,255,178$1,517,056$531,959$5,505,416
84$13,430,810$1,516,995$475,383$5,944,359
85$14,724,013$1,514,588$414,569$6,426,573
86$16,146,705$1,509,646$349,299$6,956,522
87$17,712,018$1,501,968$279,350$7,539,127
88$19,434,421$1,491,341$204,486$8,179,820
89$21,329,856$1,477,541$124,460$8,884,591
90$23,415,889$1,460,329$39,018$9,660,050
91$25,711,875$1,439,450$0$10,513,485
92$28,239,140$1,414,636$0$11,466,853
93$31,021,182$1,385,603$0$12,527,120
94$34,083,894$1,352,049$0$13,693,726
95$37,455,807$1,313,656$0$14,977,541
96$41,168,359$1,270,085$0$16,390,548
97$45,256,192$1,220,979$0$17,945,958
98$49,757,476$1,165,959$0$19,658,334
99$54,714,273$1,104,626$0$21,543,731
100$60,172,932$1,036,556$0$23,619,847