Can I retire at age 54?

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 $1,000,000

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
1%2%3%4%5%6%7%8%9%10%
1 years$82,954$82,579$82,209$81,843$81,482$81,126$80,774$80,425$80,081$79,741
2 years$41,271$40,881$40,497$40,119$39,748$39,381$39,021$38,666$38,316$37,972
3 years$27,377$26,983$26,597$26,218$25,847$25,482$25,125$24,774$24,429$24,091
4 years$20,430$20,036$19,650$19,273$18,905$18,545$18,192$17,848$17,511$17,182
5 years$16,262$15,868$15,484$15,111$14,746$14,391$14,046$13,709$13,381$13,061
6 years$13,484$13,091$12,709$12,339$11,979$11,630$11,292$10,963$10,644$10,335
7 years$11,500$11,108$10,729$10,362$10,008$9,665$9,334$9,013$8,704$8,405
8 years$10,012$9,621$9,245$8,882$8,533$8,197$7,873$7,561$7,261$6,973
9 years$8,855$8,466$8,092$7,734$7,390$7,060$6,743$6,440$6,150$5,872
10 years$7,929$7,542$7,171$6,817$6,478$6,155$5,846$5,552$5,271$5,003
11 years$7,172$6,786$6,419$6,069$5,735$5,419$5,118$4,832$4,560$4,303
12 years$6,541$6,157$5,793$5,447$5,119$4,809$4,515$4,238$3,976$3,729
13 years$6,007$5,625$5,264$4,922$4,600$4,296$4,010$3,742$3,489$3,252
14 years$5,550$5,170$4,811$4,474$4,158$3,860$3,582$3,321$3,078$2,850
15 years$5,153$4,775$4,420$4,087$3,776$3,485$3,214$2,962$2,727$2,510
16 years$4,807$4,430$4,078$3,750$3,444$3,160$2,896$2,652$2,426$2,218
17 years$4,501$4,126$3,778$3,454$3,153$2,875$2,619$2,383$2,166$1,967
18 years$4,229$3,857$3,511$3,191$2,896$2,625$2,376$2,148$1,939$1,749
19 years$3,986$3,615$3,273$2,958$2,668$2,403$2,161$1,940$1,740$1,559
20 years$3,767$3,399$3,059$2,748$2,464$2,205$1,970$1,757$1,565$1,392
21 years$3,570$3,203$2,867$2,560$2,281$2,029$1,800$1,595$1,411$1,246
22 years$3,390$3,025$2,692$2,390$2,116$1,870$1,648$1,450$1,274$1,117
23 years$3,226$2,863$2,533$2,235$1,967$1,726$1,512$1,321$1,152$1,002
24 years$3,075$2,714$2,388$2,094$1,831$1,596$1,388$1,205$1,043$901
25 years$2,937$2,578$2,255$1,965$1,707$1,479$1,277$1,100$945$811
26 years$2,810$2,453$2,132$1,847$1,594$1,371$1,176$1,006$858$730
27 years$2,691$2,336$2,019$1,738$1,490$1,273$1,084$921$780$658
28 years$2,582$2,229$1,915$1,638$1,395$1,184$1,001$844$709$594
29 years$2,480$2,129$1,818$1,545$1,307$1,102$925$774$645$537
30 years$2,385$2,036$1,728$1,459$1,226$1,026$855$710$588$485

Sample Expected Returns by Investment Class

Person retiring at age 54 starting with $1,000,000, adding $2,706 every year, while hoping to spend $54,649 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: 50/30/20 Blend
53$1,000,000$1,000,000$1,000,000$1,000,000
54$1,104,791$1,051,791$1,036,291$1,153,738
55$1,159,334$1,045,183$1,012,861$1,181,280
56$1,217,608$1,036,419$986,814$1,205,380
57$1,279,937$1,025,337$958,005$1,230,418
58$1,346,675$1,011,762$926,283$1,256,502
59$1,418,210$995,513$891,487$1,283,758
60$1,494,968$976,393$853,452$1,312,323
61$1,577,416$954,198$812,005$1,342,354
62$1,666,068$928,709$766,962$1,374,030
63$1,761,486$899,696$718,135$1,407,547
64$1,864,290$866,913$665,325$1,443,129
65$1,975,159$830,103$608,324$1,481,027
66$2,094,839$788,991$546,917$1,521,521
67$2,224,149$743,289$480,875$1,564,924
68$2,363,992$692,690$409,964$1,611,589
69$2,515,358$636,870$333,937$1,661,909
70$2,679,335$575,488$252,535$1,716,322
71$2,857,122$508,181$165,489$1,775,320
72$3,050,035$434,568$72,519$1,839,450
73$3,259,521$354,245$0$1,909,322
74$3,487,174$266,785$0$1,991,313
75$3,734,746$171,737$0$2,097,370
76$4,004,165$68,627$0$2,212,914
77$4,297,551$0$0$2,338,953
78$4,617,238$0$0$2,490,819
79$4,965,797$0$0$2,681,196
80$5,346,052$0$0$2,888,986
81$5,761,116$0$0$3,115,901
82$6,214,415$0$0$3,363,826
83$6,709,718$0$0$3,634,838
84$7,251,178$0$0$3,931,223
85$7,843,364$0$0$4,255,496
86$8,491,309$0$0$4,610,428
87$9,200,554$0$0$4,999,071
88$9,977,201$0$0$5,424,785
89$10,827,968$0$0$5,891,269
90$11,760,256$0$0$6,402,599
91$12,782,215$0$0$6,963,263
92$13,902,819$0$0$7,578,205
93$15,131,954$0$0$8,252,867
94$16,480,510$0$0$8,993,249
95$17,960,478$0$0$9,805,955
96$19,585,071$0$0$10,698,262
97$21,368,839$0$0$11,678,185
98$23,327,814$0$0$12,754,555
99$25,479,654$0$0$13,937,098
100$27,843,812$0$0$15,236,530

Retirement Simulation By Amount