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%19.9%
1 years$82,496$81,762$81,045$80,345$79,662$76,501
2 years$40,840$40,079$39,342$38,627$37,934$34,789
3 years$26,956$26,192$25,457$24,749$24,067$21,036
4 years$20,016$19,254$18,526$17,830$17,165$14,272
5 years$15,852$15,095$14,377$13,695$13,048$10,300
6 years$13,078$12,327$11,619$10,952$10,325$7,724
7 years$11,097$10,352$9,655$9,004$8,397$5,941
8 years$9,612$8,873$8,188$7,554$6,966$4,654
9 years$8,457$7,726$7,053$6,434$5,866$3,694
10 years$7,534$6,810$6,149$5,546$4,998$2,962
11 years$6,779$6,063$5,413$4,827$4,299$2,393
12 years$6,151$5,441$4,804$4,234$3,725$1,945
13 years$5,620$4,917$4,292$3,738$3,248$1,588
14 years$5,164$4,470$3,857$3,318$2,848$1,302
15 years$4,770$4,083$3,482$2,959$2,507$1,071
16 years$4,426$3,746$3,157$2,650$2,216$883
17 years$4,122$3,450$2,873$2,381$1,965$729
18 years$3,853$3,188$2,622$2,145$1,747$603
19 years$3,612$2,955$2,401$1,939$1,557$500
20 years$3,395$2,746$2,203$1,756$1,391$415
21 years$3,200$2,558$2,026$1,593$1,245$344
22 years$3,022$2,387$1,868$1,449$1,116$286
23 years$2,860$2,233$1,725$1,319$1,001$238
24 years$2,712$2,092$1,595$1,203$900$198
25 years$2,576$1,963$1,477$1,099$810$165
26 years$2,450$1,845$1,370$1,005$730$137
27 years$2,334$1,736$1,272$920$658$114
28 years$2,227$1,636$1,183$843$594$95
29 years$2,127$1,544$1,101$773$536$79
30 years$2,034$1,458$1,025$709$484$66
31 years$1,947$1,378$956$651$438$55
32 years$1,865$1,304$892$599$396$46
33 years$1,789$1,235$833$550$358$38
34 years$1,717$1,170$778$507$325$32
35 years$1,650$1,110$727$466$294$27
36 years$1,587$1,054$680$429$266$22
37 years$1,527$1,001$637$396$241$18
38 years$1,470$951$596$365$219$15
39 years$1,417$904$559$336$198$13
40 years$1,366$860$524$310$180$11
41 years$1,318$819$491$286$163$9
42 years$1,272$780$461$264$148$7
43 years$1,228$743$432$244$134$6
44 years$1,187$708$406$225$122$5
45 years$1,147$676$381$208$111$4
46 years$1,110$644$358$192$101$4
47 years$1,074$615$336$177$91$3
48 years$1,040$587$316$164$83$3
49 years$1,007$561$297$151$75$2
50 years$975$536$279$140$68$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $999,000, adding $2,040 every year, while hoping to spend $57,937 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: 45/32/23 Blend
53$999,000$999,000$999,000$999,000
54$1,103,002$1,050,055$1,034,571$1,145,238
55$1,153,864$1,039,863$1,007,584$1,165,041
56$1,207,972$1,027,230$977,752$1,180,676
57$1,265,596$1,011,975$944,918$1,196,465
58$1,327,031$993,907$908,917$1,212,451
59$1,392,602$972,822$869,579$1,228,686
60$1,462,662$948,505$826,725$1,245,233
61$1,537,602$920,730$780,168$1,262,162
62$1,617,846$889,254$729,713$1,279,558
63$1,703,862$853,824$675,154$1,297,518
64$1,796,163$814,169$616,279$1,316,157
65$1,895,313$770,004$552,865$1,335,603
66$2,001,927$721,026$484,679$1,356,008
67$2,116,685$666,918$411,477$1,377,542
68$2,240,331$607,341$333,005$1,400,401
69$2,373,683$541,939$248,999$1,424,809
70$2,517,639$470,334$159,181$1,451,018
71$2,673,186$392,129$63,262$1,479,316
72$2,841,410$306,902$0$1,510,028
73$3,023,503$214,209$0$1,553,117
74$3,220,776$113,581$0$1,616,594
75$3,434,670$4,521$0$1,685,465
76$3,666,771$0$0$1,760,341
77$3,918,821$0$0$1,881,863
78$4,192,739$0$0$2,015,763
79$4,490,634$0$0$2,161,491
80$4,814,827$0$0$2,320,198
81$5,167,870$0$0$2,493,147
82$5,552,576$0$0$2,681,729
83$5,972,034$0$0$2,887,478
84$6,429,651$0$0$3,112,077
85$6,929,171$0$0$3,357,383
86$7,474,718$0$0$3,625,438
87$8,070,832$0$0$3,918,491
88$8,722,512$0$0$4,239,018
89$9,435,259$0$0$4,589,745
90$10,215,132$0$0$4,973,674
91$11,068,804$0$0$5,394,112
92$12,003,618$0$0$5,854,697
93$13,027,667$0$0$6,359,439
94$14,149,859$0$0$6,912,752
95$15,380,005$0$0$7,519,501
96$16,728,912$0$0$8,185,039
97$18,208,482$0$0$8,915,267
98$19,831,825$0$0$9,716,682
99$21,613,381$0$0$10,596,441
100$23,569,054$0$0$11,562,428