Can I retire at age 54 with 995,000?

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 $995,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.9%
1 years$82,166$81,434$80,720$80,023$79,343$78,384
2 years$40,676$39,919$39,185$38,473$37,782$36,817
3 years$26,848$26,087$25,355$24,650$23,971$23,029
4 years$19,935$19,177$18,452$17,759$17,096$16,186
5 years$15,789$15,035$14,319$13,640$12,996$12,120
6 years$13,025$12,277$11,572$10,908$10,283$9,442
7 years$11,052$10,310$9,617$8,968$8,363$7,557
8 years$9,573$8,838$8,156$7,523$6,938$6,167
9 years$8,423$7,695$7,024$6,408$5,843$5,106
10 years$7,504$6,783$6,124$5,524$4,978$4,276
11 years$6,752$6,038$5,392$4,808$4,282$3,613
12 years$6,126$5,420$4,785$4,217$3,710$3,075
13 years$5,597$4,898$4,275$3,723$3,235$2,632
14 years$5,144$4,452$3,841$3,305$2,836$2,264
15 years$4,751$4,067$3,468$2,947$2,497$1,955
16 years$4,408$3,731$3,144$2,639$2,207$1,694
17 years$4,106$3,436$2,861$2,371$1,957$1,473
18 years$3,837$3,175$2,612$2,137$1,740$1,283
19 years$3,597$2,943$2,391$1,931$1,551$1,120
20 years$3,382$2,735$2,194$1,749$1,385$980
21 years$3,187$2,547$2,018$1,587$1,240$858
22 years$3,010$2,378$1,860$1,443$1,111$753
23 years$2,849$2,224$1,718$1,314$997$661
24 years$2,701$2,084$1,588$1,199$897$581
25 years$2,565$1,955$1,471$1,095$807$512
26 years$2,440$1,838$1,365$1,001$727$451
27 years$2,325$1,730$1,267$916$655$397
28 years$2,218$1,630$1,178$839$591$350
29 years$2,118$1,537$1,096$770$534$309
30 years$2,025$1,452$1,021$706$482$273
31 years$1,939$1,373$952$649$436$241
32 years$1,858$1,299$888$596$394$213
33 years$1,782$1,230$829$548$357$188
34 years$1,711$1,166$775$504$323$166
35 years$1,644$1,106$724$464$293$147
36 years$1,580$1,049$678$428$265$130
37 years$1,521$997$634$394$240$115
38 years$1,464$947$594$363$218$102
39 years$1,411$901$556$335$198$90
40 years$1,360$857$522$309$179$80
41 years$1,312$816$489$285$163$70
42 years$1,267$777$459$263$148$62
43 years$1,223$740$430$243$134$55
44 years$1,182$706$404$224$122$49
45 years$1,143$673$379$207$110$43
46 years$1,105$642$356$191$100$38
47 years$1,070$613$335$177$91$34
48 years$1,035$585$315$163$83$30
49 years$1,003$558$296$151$75$27
50 years$971$533$278$139$68$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $995,000, adding $6,425 every year, while hoping to spend $51,537 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: 55/39/6 Blend
53$995,000$995,000$995,000$995,000
54$1,103,117$1,050,382$1,034,960$1,161,987
55$1,160,800$1,047,016$1,014,796$1,199,068
56$1,222,640$1,041,758$992,229$1,233,131
57$1,289,005$1,034,460$967,125$1,268,951
58$1,360,302$1,024,967$939,342$1,306,699
59$1,436,975$1,013,112$908,732$1,346,569
60$1,519,513$998,722$875,142$1,388,776
61$1,608,454$981,609$838,409$1,433,560
62$1,704,385$961,577$798,365$1,481,187
63$1,807,956$938,418$754,834$1,531,952
64$1,919,877$911,910$707,630$1,586,187
65$2,040,931$881,820$656,562$1,644,257
66$2,171,976$847,900$601,428$1,706,570
67$2,313,959$809,888$542,017$1,773,578
68$2,467,918$767,508$478,109$1,845,785
69$2,634,996$720,465$409,476$1,923,749
70$2,816,449$668,452$335,877$2,008,090
71$3,013,660$611,139$257,062$2,099,498
72$3,228,149$548,181$172,770$2,198,735
73$3,461,590$479,211$82,727$2,306,649
74$3,715,823$403,843$0$2,424,182
75$3,992,874$321,669$0$2,553,229
76$4,294,972$232,256$0$2,699,800
77$4,624,571$135,149$0$2,859,893
78$4,984,373$29,866$0$3,034,949
79$5,377,348$0$0$3,226,560
80$5,806,772$0$0$3,472,584
81$6,276,246$0$0$3,755,655
82$6,789,737$0$0$4,065,358
83$7,351,614$0$0$4,404,340
84$7,966,687$0$0$4,775,514
85$8,640,250$0$0$5,182,089
86$9,378,138$0$0$5,627,597
87$10,186,772$0$0$6,115,931
88$11,073,227$0$0$6,651,376
89$12,045,294$0$0$7,238,652
90$13,111,553$0$0$7,882,959
91$14,281,457$0$0$8,590,023
92$15,565,415$0$0$9,366,152
93$16,974,895$0$0$10,218,294
94$18,522,530$0$0$11,154,104
95$20,222,233$0$0$12,182,014
96$22,089,333$0$0$13,311,311
97$24,140,717$0$0$14,552,228
98$26,394,988$0$0$15,916,039
99$28,872,641$0$0$17,415,162
100$31,596,252$0$0$19,063,280