Can I retire at age 54 with 996,000?

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 $996,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.9%
1 years$82,249$81,516$80,801$80,104$79,422$78,139
2 years$40,717$39,959$39,224$38,511$37,820$36,531
3 years$26,875$26,114$25,380$24,675$23,995$22,739
4 years$19,956$19,196$18,470$17,777$17,113$15,901
5 years$15,805$15,050$14,334$13,654$13,009$11,845
6 years$13,039$12,290$11,584$10,919$10,294$9,178
7 years$11,063$10,321$9,626$8,977$8,372$7,304
8 years$9,583$8,847$8,164$7,531$6,945$5,927
9 years$8,432$7,703$7,032$6,415$5,849$4,878
10 years$7,511$6,790$6,130$5,530$4,983$4,061
11 years$6,759$6,044$5,397$4,812$4,286$3,409
12 years$6,132$5,425$4,790$4,221$3,714$2,883
13 years$5,603$4,903$4,279$3,727$3,239$2,452
14 years$5,149$4,456$3,845$3,308$2,839$2,095
15 years$4,756$4,071$3,471$2,950$2,500$1,797
16 years$4,413$3,735$3,147$2,642$2,209$1,546
17 years$4,110$3,440$2,864$2,373$1,959$1,334
18 years$3,841$3,179$2,614$2,139$1,742$1,154
19 years$3,601$2,946$2,393$1,933$1,552$1,000
20 years$3,385$2,737$2,197$1,750$1,387$869
21 years$3,190$2,550$2,020$1,589$1,241$755
22 years$3,013$2,380$1,862$1,444$1,112$657
23 years$2,851$2,226$1,719$1,315$998$573
24 years$2,704$2,086$1,590$1,200$897$500
25 years$2,568$1,957$1,473$1,096$808$436
26 years$2,443$1,840$1,366$1,002$727$381
27 years$2,327$1,731$1,268$917$656$333
28 years$2,220$1,631$1,179$840$592$292
29 years$2,120$1,539$1,097$770$534$255
30 years$2,027$1,453$1,022$707$483$223
31 years$1,941$1,374$953$649$437$196
32 years$1,860$1,300$889$597$395$171
33 years$1,784$1,231$830$549$357$150
34 years$1,712$1,167$776$505$324$132
35 years$1,645$1,107$725$465$293$115
36 years$1,582$1,050$678$428$266$101
37 years$1,522$998$635$394$241$89
38 years$1,466$948$595$364$218$78
39 years$1,412$902$557$335$198$68
40 years$1,362$858$522$309$179$60
41 years$1,314$817$490$285$163$53
42 years$1,268$778$459$263$148$46
43 years$1,225$741$431$243$134$40
44 years$1,183$706$404$224$122$36
45 years$1,144$674$380$207$110$31
46 years$1,107$643$357$191$100$27
47 years$1,071$613$335$177$91$24
48 years$1,036$585$315$163$83$21
49 years$1,004$559$296$151$75$18
50 years$972$534$278$140$68$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $996,000, adding $3,600 every year, while hoping to spend $27,708 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: 49/45/6 Blend
53$996,000$996,000$996,000$996,000
54$1,101,305$1,048,517$1,033,079$1,153,422
55$1,184,157$1,070,414$1,038,206$1,211,272
56$1,274,532$1,092,454$1,042,577$1,270,816
57$1,373,166$1,114,617$1,046,135$1,334,831
58$1,480,874$1,136,877$1,048,825$1,403,738
59$1,598,548$1,159,209$1,050,586$1,478,006
60$1,727,173$1,181,584$1,051,354$1,558,149
61$1,867,834$1,203,971$1,051,064$1,644,733
62$2,021,724$1,226,337$1,049,645$1,738,383
63$2,190,157$1,248,644$1,047,025$1,839,787
64$2,374,580$1,270,854$1,043,127$1,949,702
65$2,576,586$1,292,925$1,037,871$2,068,965
66$2,797,930$1,314,811$1,031,173$2,198,496
67$3,040,546$1,336,464$1,022,943$2,339,311
68$3,306,561$1,357,829$1,013,091$2,492,529
69$3,598,319$1,378,852$1,001,519$2,659,382
70$3,918,404$1,399,472$988,126$2,841,230
71$4,269,658$1,419,623$972,805$3,039,572
72$4,655,215$1,439,236$955,446$3,256,060
73$5,078,525$1,458,237$935,931$3,492,515
74$5,543,390$1,476,546$914,141$3,750,944
75$6,053,997$1,494,079$889,946$4,033,561
76$6,614,959$1,510,743$863,213$4,342,806
77$7,231,358$1,526,443$833,804$4,681,369
78$7,908,793$1,541,075$801,573$5,052,214
79$8,653,431$1,554,528$766,367$5,458,612
80$9,472,067$1,566,686$728,026$5,904,165
81$10,372,187$1,577,423$686,384$6,392,848
82$11,362,040$1,586,607$641,268$6,929,040
83$12,450,712$1,594,095$592,495$7,517,570
84$13,648,216$1,599,736$539,874$8,163,763
85$14,965,583$1,603,372$483,209$8,873,485
86$16,414,966$1,604,831$422,290$9,653,209
87$18,009,757$1,603,932$356,901$10,510,065
88$19,764,712$1,600,485$286,817$11,451,918
89$21,696,088$1,594,284$211,801$12,487,434
90$23,821,798$1,585,113$131,606$13,626,171
91$26,161,582$1,572,743$45,974$14,878,662
92$28,737,186$1,556,931$0$16,256,519
93$31,572,578$1,537,419$0$17,775,452
94$34,694,161$1,513,933$0$19,449,994
95$38,131,033$1,486,183$0$21,292,774
96$41,915,254$1,453,863$0$23,320,960
97$46,082,155$1,416,646$0$25,553,475
98$50,670,663$1,374,190$0$28,011,177
99$55,723,675$1,326,130$0$30,717,058
100$61,288,459$1,272,080$0$33,696,459