Can I retire at age 54 with 999,000?

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 $999,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.4%
1 years$82,496$81,762$81,045$80,345$79,662$77,266
2 years$40,840$40,079$39,342$38,627$37,934$35,541
3 years$26,956$26,192$25,457$24,749$24,067$21,751
4 years$20,016$19,254$18,526$17,830$17,165$14,944
5 years$15,852$15,095$14,377$13,695$13,048$10,929
6 years$13,078$12,327$11,619$10,952$10,325$8,308
7 years$11,097$10,352$9,655$9,004$8,397$6,483
8 years$9,612$8,873$8,188$7,554$6,966$5,154
9 years$8,457$7,726$7,053$6,434$5,866$4,154
10 years$7,534$6,810$6,149$5,546$4,998$3,383
11 years$6,779$6,063$5,413$4,827$4,299$2,778
12 years$6,151$5,441$4,804$4,234$3,725$2,296
13 years$5,620$4,917$4,292$3,738$3,248$1,908
14 years$5,164$4,470$3,857$3,318$2,848$1,591
15 years$4,770$4,083$3,482$2,959$2,507$1,332
16 years$4,426$3,746$3,157$2,650$2,216$1,118
17 years$4,122$3,450$2,873$2,381$1,965$941
18 years$3,853$3,188$2,622$2,145$1,747$793
19 years$3,612$2,955$2,401$1,939$1,557$670
20 years$3,395$2,746$2,203$1,756$1,391$566
21 years$3,200$2,558$2,026$1,593$1,245$479
22 years$3,022$2,387$1,868$1,449$1,116$406
23 years$2,860$2,233$1,725$1,319$1,001$344
24 years$2,712$2,092$1,595$1,203$900$292
25 years$2,576$1,963$1,477$1,099$810$248
26 years$2,450$1,845$1,370$1,005$730$211
27 years$2,334$1,736$1,272$920$658$179
28 years$2,227$1,636$1,183$843$594$152
29 years$2,127$1,544$1,101$773$536$130
30 years$2,034$1,458$1,025$709$484$110
31 years$1,947$1,378$956$651$438$94
32 years$1,865$1,304$892$599$396$80
33 years$1,789$1,235$833$550$358$68
34 years$1,717$1,170$778$507$325$58
35 years$1,650$1,110$727$466$294$49
36 years$1,587$1,054$680$429$266$42
37 years$1,527$1,001$637$396$241$36
38 years$1,470$951$596$365$219$30
39 years$1,417$904$559$336$198$26
40 years$1,366$860$524$310$180$22
41 years$1,318$819$491$286$163$19
42 years$1,272$780$461$264$148$16
43 years$1,228$743$432$244$134$14
44 years$1,187$708$406$225$122$12
45 years$1,147$676$381$208$111$10
46 years$1,110$644$358$192$101$8
47 years$1,074$615$336$177$91$7
48 years$1,040$587$316$164$83$6
49 years$1,007$561$297$151$75$5
50 years$975$536$279$140$68$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $999,000, adding $5,388 every year, while hoping to spend $57,689 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: 61/18/21 Blend
53$999,000$999,000$999,000$999,000
54$1,106,456$1,053,509$1,038,024$1,167,559
55$1,157,934$1,043,750$1,011,417$1,199,772
56$1,212,729$1,031,580$981,986$1,228,072
57$1,271,118$1,016,818$949,574$1,257,657
58$1,333,407$999,277$914,019$1,288,660
59$1,399,926$978,754$875,151$1,321,230
60$1,471,042$955,036$832,791$1,355,535
61$1,547,154$927,898$786,755$1,391,760
62$1,628,701$897,102$736,848$1,430,112
63$1,716,162$862,394$682,867$1,470,824
64$1,810,067$823,508$624,600$1,514,153
65$1,910,994$780,160$561,824$1,560,389
66$2,019,580$732,052$494,309$1,609,851
67$2,136,521$678,866$421,812$1,662,897
68$2,262,585$620,270$344,082$1,719,924
69$2,398,614$555,908$260,854$1,781,375
70$2,545,533$485,408$171,853$1,847,742
71$2,704,359$408,375$76,792$1,919,572
72$2,876,210$324,391$0$1,997,471
73$3,062,313$233,017$0$2,087,640
74$3,264,020$133,786$0$2,204,025
75$3,482,816$26,207$0$2,330,307
76$3,720,334$0$0$2,467,484
77$3,978,370$0$0$2,634,535
78$4,258,901$0$0$2,821,859
79$4,564,099$0$0$3,025,727
80$4,896,358$0$0$3,247,744
81$5,258,309$0$0$3,489,678
82$5,652,849$0$0$3,753,476
83$6,083,164$0$0$4,041,279
84$6,552,765$0$0$4,355,443
85$7,065,511$0$0$4,698,564
86$7,625,655$0$0$5,073,497
87$8,237,877$0$0$5,483,387
88$8,907,330$0$0$5,931,697
89$9,639,686$0$0$6,422,237
90$10,441,192$0$0$6,959,207
91$11,318,727$0$0$7,547,227
92$12,279,865$0$0$8,191,388
93$13,332,949$0$0$8,897,295
94$14,487,163$0$0$9,671,122
95$15,752,627$0$0$10,519,667
96$17,140,483$0$0$11,450,420
97$18,663,004$0$0$12,471,629
98$20,333,709$0$0$13,592,379
99$22,167,490$0$0$14,822,678
100$24,180,748$0$0$16,173,550