Can I retire at age 54 with 991,000?

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 $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%19.6%
1 years$81,836$81,107$80,396$79,702$79,024$75,978
2 years$40,513$39,758$39,027$38,318$37,630$34,599
3 years$26,740$25,982$25,253$24,551$23,874$20,951
4 years$19,855$19,100$18,378$17,687$17,027$14,236
5 years$15,725$14,975$14,262$13,586$12,944$10,291
6 years$12,973$12,228$11,526$10,865$10,242$7,729
7 years$11,008$10,269$9,578$8,932$8,330$5,956
8 years$9,535$8,802$8,123$7,493$6,910$4,673
9 years$8,389$7,664$6,996$6,382$5,819$3,716
10 years$7,474$6,755$6,099$5,502$4,958$2,985
11 years$6,725$6,014$5,370$4,788$4,264$2,417
12 years$6,102$5,398$4,766$4,200$3,695$1,968
13 years$5,575$4,878$4,258$3,708$3,222$1,611
14 years$5,123$4,434$3,826$3,291$2,825$1,323
15 years$4,732$4,051$3,454$2,935$2,487$1,091
16 years$4,391$3,716$3,132$2,628$2,198$901
17 years$4,089$3,423$2,850$2,362$1,949$746
18 years$3,822$3,163$2,601$2,128$1,733$619
19 years$3,583$2,931$2,381$1,923$1,545$514
20 years$3,368$2,724$2,186$1,742$1,380$427
21 years$3,174$2,537$2,010$1,581$1,235$355
22 years$2,998$2,368$1,853$1,437$1,107$296
23 years$2,837$2,215$1,711$1,309$993$247
24 years$2,690$2,075$1,582$1,194$893$206
25 years$2,555$1,948$1,465$1,090$804$172
26 years$2,430$1,830$1,359$997$724$143
27 years$2,315$1,723$1,262$912$653$120
28 years$2,209$1,623$1,173$836$589$100
29 years$2,110$1,531$1,092$767$532$83
30 years$2,017$1,446$1,017$704$480$70
31 years$1,931$1,367$948$646$434$58
32 years$1,850$1,294$885$594$393$49
33 years$1,775$1,225$826$546$356$41
34 years$1,704$1,161$772$502$322$34
35 years$1,637$1,101$721$463$292$28
36 years$1,574$1,045$675$426$264$24
37 years$1,515$993$632$392$239$20
38 years$1,458$943$592$362$217$17
39 years$1,405$897$554$334$197$14
40 years$1,355$854$519$308$179$12
41 years$1,307$812$487$284$162$10
42 years$1,262$774$457$262$147$8
43 years$1,219$737$429$242$133$7
44 years$1,177$703$402$223$121$6
45 years$1,138$670$378$206$110$5
46 years$1,101$639$355$190$100$4
47 years$1,065$610$333$176$91$3
48 years$1,031$582$313$163$82$3
49 years$999$556$295$150$75$2
50 years$968$531$277$139$68$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $991,000, adding $4,216 every year, while hoping to spend $34,590 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: 27/50/23 Blend
53$991,000$991,000$991,000$991,000
54$1,096,431$1,043,908$1,028,547$1,117,993
55$1,171,463$1,058,256$1,026,200$1,149,744
56$1,252,990$1,072,148$1,022,615$1,180,505
57$1,341,636$1,085,524$1,017,714$1,212,803
58$1,438,091$1,098,323$1,011,415$1,246,791
59$1,543,112$1,110,476$1,003,633$1,282,640
60$1,657,532$1,121,912$994,278$1,320,538
61$1,782,270$1,132,555$983,256$1,360,695
62$1,918,334$1,142,324$970,468$1,403,347
63$2,066,837$1,151,130$955,811$1,448,753
64$2,229,001$1,158,882$939,177$1,497,204
65$2,406,173$1,165,481$920,454$1,549,022
66$2,599,836$1,170,823$899,522$1,604,566
67$2,811,622$1,174,796$876,259$1,664,232
68$3,043,328$1,177,282$850,534$1,728,463
69$3,296,933$1,178,154$822,213$1,797,750
70$3,574,616$1,177,280$791,153$1,872,637
71$3,878,777$1,174,516$757,206$1,953,728
72$4,212,058$1,169,714$720,219$2,041,695
73$4,577,369$1,162,711$680,027$2,137,281
74$4,977,916$1,153,340$636,464$2,241,310
75$5,417,229$1,141,419$589,351$2,354,697
76$5,899,197$1,126,758$538,505$2,478,454
77$6,428,101$1,109,156$483,731$2,613,705
78$7,008,660$1,088,398$424,829$2,761,693
79$7,646,071$1,064,256$361,587$2,923,794
80$8,346,057$1,036,491$293,787$3,101,534
81$9,114,924$1,004,848$221,198$3,296,602
82$9,959,619$969,059$143,581$3,510,866
83$10,887,794$928,837$60,686$3,746,394
84$11,907,881$883,882$0$4,005,475
85$13,029,166$833,874$0$4,297,458
86$14,261,884$778,476$0$4,634,661
87$15,617,306$717,331$0$5,005,344
88$17,107,854$650,063$0$5,413,003
89$18,747,211$576,273$0$5,861,500
90$20,550,456$495,539$0$6,355,100
91$22,534,198$407,416$0$6,898,512
92$24,716,742$311,435$0$7,496,934
93$27,118,253$207,099$0$8,156,105
94$29,760,950$93,882$0$8,882,361
95$32,669,317$0$0$9,682,695
96$35,870,329$0$0$10,580,654
97$39,393,709$0$0$11,626,096
98$43,272,210$0$0$12,777,109
99$47,541,918$0$0$14,044,428
100$52,242,598$0$0$15,439,881