Can I retire at age 54 with 996,000?

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 $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%18%
1 years$82,249$81,516$80,801$80,104$79,422$76,849
2 years$40,717$39,959$39,224$38,511$37,820$35,252
3 years$26,875$26,114$25,380$24,675$23,995$21,512
4 years$19,956$19,196$18,470$17,777$17,113$14,735
5 years$15,805$15,050$14,334$13,654$13,009$10,742
6 years$13,039$12,290$11,584$10,919$10,294$8,139
7 years$11,063$10,321$9,626$8,977$8,372$6,329
8 years$9,583$8,847$8,164$7,531$6,945$5,014
9 years$8,432$7,703$7,032$6,415$5,849$4,027
10 years$7,511$6,790$6,130$5,530$4,983$3,267
11 years$6,759$6,044$5,397$4,812$4,286$2,673
12 years$6,132$5,425$4,790$4,221$3,714$2,200
13 years$5,603$4,903$4,279$3,727$3,239$1,820
14 years$5,149$4,456$3,845$3,308$2,839$1,512
15 years$4,756$4,071$3,471$2,950$2,500$1,261
16 years$4,413$3,735$3,147$2,642$2,209$1,054
17 years$4,110$3,440$2,864$2,373$1,959$883
18 years$3,841$3,179$2,614$2,139$1,742$741
19 years$3,601$2,946$2,393$1,933$1,552$623
20 years$3,385$2,737$2,197$1,750$1,387$524
21 years$3,190$2,550$2,020$1,589$1,241$442
22 years$3,013$2,380$1,862$1,444$1,112$372
23 years$2,851$2,226$1,719$1,315$998$314
24 years$2,704$2,086$1,590$1,200$897$265
25 years$2,568$1,957$1,473$1,096$808$224
26 years$2,443$1,840$1,366$1,002$727$190
27 years$2,327$1,731$1,268$917$656$160
28 years$2,220$1,631$1,179$840$592$136
29 years$2,120$1,539$1,097$770$534$115
30 years$2,027$1,453$1,022$707$483$97
31 years$1,941$1,374$953$649$437$82
32 years$1,860$1,300$889$597$395$70
33 years$1,784$1,231$830$549$357$59
34 years$1,712$1,167$776$505$324$50
35 years$1,645$1,107$725$465$293$42
36 years$1,582$1,050$678$428$266$36
37 years$1,522$998$635$394$241$30
38 years$1,466$948$595$364$218$26
39 years$1,412$902$557$335$198$22
40 years$1,362$858$522$309$179$18
41 years$1,314$817$490$285$163$16
42 years$1,268$778$459$263$148$13
43 years$1,225$741$431$243$134$11
44 years$1,183$706$404$224$122$10
45 years$1,144$674$380$207$110$8
46 years$1,107$643$357$191$100$7
47 years$1,071$613$335$177$91$6
48 years$1,036$585$315$163$83$5
49 years$1,004$559$296$151$75$4
50 years$972$534$278$140$68$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $996,000, adding $4,850 every year, while hoping to spend $26,947 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: 68/24/8 Blend
53$996,000$996,000$996,000$996,000
54$1,102,595$1,049,807$1,034,369$1,175,642
55$1,186,388$1,072,576$1,040,349$1,247,482
56$1,277,825$1,095,558$1,045,626$1,322,299
57$1,377,657$1,118,734$1,050,148$1,403,396
58$1,486,711$1,142,085$1,053,861$1,491,383
59$1,605,897$1,165,588$1,056,707$1,586,932
60$1,736,218$1,189,222$1,058,626$1,690,784
61$1,878,777$1,212,958$1,059,555$1,803,753
62$2,034,789$1,236,770$1,059,426$1,926,737
63$2,205,592$1,260,626$1,058,172$2,060,727
64$2,392,659$1,284,494$1,055,718$2,206,810
65$2,597,614$1,308,337$1,051,988$2,366,190
66$2,822,242$1,332,117$1,046,901$2,540,187
67$3,068,512$1,355,793$1,040,373$2,730,259
68$3,338,591$1,379,317$1,032,317$2,938,012
69$3,634,867$1,402,643$1,022,639$3,165,214
70$3,959,969$1,425,718$1,011,242$3,413,816
71$4,316,792$1,448,485$998,026$3,685,965
72$4,708,529$1,470,884$982,883$3,984,028
73$5,138,692$1,492,851$965,703$4,310,614
74$5,611,154$1,514,316$946,369$4,668,595
75$6,130,178$1,535,204$924,759$5,061,140
76$6,700,464$1,555,437$900,746$5,491,739
77$7,327,187$1,574,928$874,197$5,964,237
78$8,016,048$1,593,588$844,971$6,482,873
79$8,773,331$1,611,320$812,923$7,052,319
80$9,605,955$1,628,018$777,900$7,677,722
81$10,521,545$1,643,575$739,743$8,364,755
82$11,528,503$1,657,870$698,284$9,119,669
83$12,636,084$1,670,779$653,351$9,949,356
84$13,854,486$1,682,169$604,760$10,861,408
85$15,194,945$1,691,897$552,320$11,864,194
86$16,669,841$1,699,811$495,835$12,966,936
87$18,292,814$1,705,751$435,094$14,179,799
88$20,078,894$1,709,546$369,883$15,513,983
89$22,044,640$1,711,013$299,973$16,981,835
90$24,208,301$1,709,960$225,129$18,596,959
91$26,589,980$1,706,180$145,104$20,374,351
92$29,211,833$1,699,458$59,639$22,330,535
93$32,098,269$1,689,560$0$24,483,723
94$35,276,187$1,676,243$0$26,856,682
95$38,775,225$1,659,246$0$29,474,445
96$42,628,042$1,638,294$0$32,356,321
97$46,870,625$1,613,093$0$35,529,202
98$51,542,630$1,583,336$0$39,022,728
99$56,687,752$1,548,693$0$42,869,558
100$62,354,141$1,508,817$0$47,105,688