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%12.8%
1 years$82,496$81,762$81,045$80,345$79,662$78,732
2 years$40,840$40,079$39,342$38,627$37,934$36,998
3 years$26,956$26,192$25,457$24,749$24,067$23,154
4 years$20,016$19,254$18,526$17,830$17,165$16,282
5 years$15,852$15,095$14,377$13,695$13,048$12,198
6 years$13,078$12,327$11,619$10,952$10,325$9,508
7 years$11,097$10,352$9,655$9,004$8,397$7,614
8 years$9,612$8,873$8,188$7,554$6,966$6,217
9 years$8,457$7,726$7,053$6,434$5,866$5,151
10 years$7,534$6,810$6,149$5,546$4,998$4,316
11 years$6,779$6,063$5,413$4,827$4,299$3,649
12 years$6,151$5,441$4,804$4,234$3,725$3,107
13 years$5,620$4,917$4,292$3,738$3,248$2,661
14 years$5,164$4,470$3,857$3,318$2,848$2,291
15 years$4,770$4,083$3,482$2,959$2,507$1,980
16 years$4,426$3,746$3,157$2,650$2,216$1,717
17 years$4,122$3,450$2,873$2,381$1,965$1,493
18 years$3,853$3,188$2,622$2,145$1,747$1,302
19 years$3,612$2,955$2,401$1,939$1,557$1,137
20 years$3,395$2,746$2,203$1,756$1,391$996
21 years$3,200$2,558$2,026$1,593$1,245$873
22 years$3,022$2,387$1,868$1,449$1,116$766
23 years$2,860$2,233$1,725$1,319$1,001$674
24 years$2,712$2,092$1,595$1,203$900$593
25 years$2,576$1,963$1,477$1,099$810$522
26 years$2,450$1,845$1,370$1,005$730$460
27 years$2,334$1,736$1,272$920$658$406
28 years$2,227$1,636$1,183$843$594$358
29 years$2,127$1,544$1,101$773$536$316
30 years$2,034$1,458$1,025$709$484$279
31 years$1,947$1,378$956$651$438$247
32 years$1,865$1,304$892$599$396$218
33 years$1,789$1,235$833$550$358$193
34 years$1,717$1,170$778$507$325$171
35 years$1,650$1,110$727$466$294$151
36 years$1,587$1,054$680$429$266$134
37 years$1,527$1,001$637$396$241$118
38 years$1,470$951$596$365$219$105
39 years$1,417$904$559$336$198$93
40 years$1,366$860$524$310$180$82
41 years$1,318$819$491$286$163$73
42 years$1,272$780$461$264$148$64
43 years$1,228$743$432$244$134$57
44 years$1,187$708$406$225$122$51
45 years$1,147$676$381$208$111$45
46 years$1,110$644$358$192$101$40
47 years$1,074$615$336$177$91$35
48 years$1,040$587$316$164$83$31
49 years$1,007$561$297$151$75$28
50 years$975$536$279$140$68$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $999,000, adding $2,461 every year, while hoping to spend $40,048 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: 76/19/5 Blend
53$999,000$999,000$999,000$999,000
54$1,103,437$1,050,490$1,035,005$1,186,782
55$1,173,376$1,059,353$1,027,067$1,250,711
56$1,249,108$1,067,308$1,017,521$1,315,348
57$1,331,179$1,074,269$1,006,270$1,385,013
58$1,420,194$1,080,142$993,214$1,460,187
59$1,516,815$1,084,830$978,248$1,541,401
60$1,621,772$1,088,229$961,261$1,629,238
61$1,735,867$1,090,226$942,138$1,724,344
62$1,859,983$1,090,705$920,757$1,827,427
63$1,995,091$1,089,539$896,992$1,939,270
64$2,142,260$1,086,596$870,711$2,060,734
65$2,302,665$1,081,735$841,775$2,192,770
66$2,477,602$1,074,805$810,040$2,336,424
67$2,668,494$1,065,647$775,353$2,492,850
68$2,876,910$1,054,094$737,557$2,663,319
69$3,104,576$1,039,965$696,486$2,849,233
70$3,353,392$1,023,072$651,967$3,052,137
71$3,625,449$1,003,214$603,819$3,273,733
72$3,923,052$980,178$551,854$3,515,900
73$4,248,736$953,740$495,874$3,780,706
74$4,605,294$923,660$435,673$4,070,432
75$4,995,801$889,687$371,035$4,387,592
76$5,423,644$851,553$301,737$4,734,959
77$5,892,553$808,976$227,542$5,115,588
78$6,406,635$761,657$148,206$5,532,846
79$6,970,414$709,281$63,473$5,990,447
80$7,588,874$651,513$0$6,492,484
81$8,267,501$587,999$0$7,044,907
82$9,012,342$518,367$0$7,654,958
83$9,830,056$442,223$0$8,324,748
84$10,727,979$359,148$0$9,060,336
85$11,714,190$268,703$0$9,868,403
86$12,797,591$170,424$0$10,756,310
87$13,987,988$63,818$0$11,732,173
88$15,296,185$0$0$12,804,937
89$16,734,083$0$0$13,995,256
90$18,314,793$0$0$15,318,506
91$20,052,762$0$0$16,773,444
92$21,963,904$0$0$18,373,397
93$24,065,754$0$0$20,133,052
94$26,377,631$0$0$22,068,586
95$28,920,820$0$0$24,197,827
96$31,718,773$0$0$26,540,415
97$34,797,331$0$0$29,117,991
98$38,184,964$0$0$31,954,399
99$41,913,042$0$0$35,075,911
100$46,016,131$0$0$38,511,476