Can I retire at age 54 with 943,000?

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 $943,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.8%
1 years$77,872$77,178$76,502$75,841$75,196$72,528
2 years$38,551$37,833$37,137$36,462$35,808$33,148
3 years$25,445$24,724$24,030$23,362$22,718$20,150
4 years$18,894$18,175$17,488$16,831$16,203$13,747
5 years$14,964$14,249$13,571$12,928$12,317$9,979
6 years$12,345$11,636$10,967$10,338$9,746$7,528
7 years$10,475$9,772$9,114$8,500$7,926$5,828
8 years$9,073$8,376$7,729$7,130$6,575$4,595
9 years$7,983$7,293$6,657$6,073$5,537$3,672
10 years$7,112$6,428$5,804$5,235$4,718$2,964
11 years$6,399$5,723$5,110$4,556$4,058$2,412
12 years$5,806$5,136$4,535$3,996$3,516$1,975
13 years$5,305$4,642$4,052$3,528$3,066$1,625
14 years$4,875$4,219$3,640$3,132$2,688$1,343
15 years$4,503$3,854$3,287$2,793$2,367$1,113
16 years$4,178$3,536$2,980$2,501$2,092$925
17 years$3,891$3,257$2,712$2,247$1,855$770
18 years$3,637$3,009$2,475$2,025$1,649$643
19 years$3,409$2,789$2,266$1,830$1,470$537
20 years$3,205$2,592$2,080$1,657$1,313$449
21 years$3,020$2,414$1,913$1,504$1,175$376
22 years$2,853$2,254$1,763$1,368$1,053$315
23 years$2,700$2,108$1,628$1,245$945$264
24 years$2,560$1,975$1,505$1,136$850$222
25 years$2,431$1,853$1,394$1,037$765$186
26 years$2,313$1,742$1,293$949$689$156
27 years$2,203$1,639$1,201$868$621$131
28 years$2,102$1,545$1,116$795$560$110
29 years$2,007$1,457$1,039$729$506$93
30 years$1,920$1,376$968$669$457$78
31 years$1,837$1,301$902$615$413$66
32 years$1,761$1,231$842$565$374$55
33 years$1,689$1,166$786$520$338$46
34 years$1,621$1,105$734$478$306$39
35 years$1,558$1,048$687$440$277$33
36 years$1,498$995$642$405$251$28
37 years$1,441$945$601$373$228$23
38 years$1,388$898$563$344$207$20
39 years$1,337$854$527$317$187$16
40 years$1,289$812$494$293$170$14
41 years$1,244$773$464$270$154$12
42 years$1,201$736$435$249$140$10
43 years$1,160$702$408$230$127$8
44 years$1,120$669$383$212$115$7
45 years$1,083$638$360$196$105$6
46 years$1,048$608$338$181$95$5
47 years$1,014$581$317$167$86$4
48 years$981$554$298$155$78$3
49 years$950$529$280$143$71$3
50 years$921$506$263$132$65$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $943,000, adding $4,213 every year, while hoping to spend $37,182 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: 36/48/16 Blend
53$943,000$943,000$943,000$943,000
54$1,043,532$993,553$978,936$1,075,855
55$1,110,411$1,002,675$972,169$1,108,742
56$1,182,865$1,010,999$963,929$1,140,397
57$1,261,424$1,018,445$954,128$1,173,776
58$1,346,671$1,024,930$942,672$1,209,052
59$1,439,244$1,030,365$929,465$1,246,421
60$1,539,850$1,034,655$914,405$1,286,095
61$1,649,262$1,037,701$897,385$1,328,316
62$1,768,333$1,039,394$878,294$1,373,348
63$1,898,001$1,039,623$857,015$1,421,488
64$2,039,298$1,038,265$833,425$1,473,064
65$2,193,360$1,035,194$807,399$1,528,441
66$2,361,437$1,030,272$778,801$1,588,025
67$2,544,904$1,023,357$747,492$1,652,266
68$2,745,278$1,014,295$713,326$1,721,664
69$2,964,225$1,002,923$676,151$1,796,774
70$3,203,580$989,071$635,806$1,878,211
71$3,465,365$972,556$592,126$1,966,658
72$3,751,806$953,184$544,935$2,062,871
73$4,065,352$930,752$494,053$2,167,691
74$4,408,702$905,043$439,287$2,282,046
75$4,784,827$875,828$380,441$2,406,969
76$5,197,000$842,864$317,306$2,543,600
77$5,648,824$805,894$249,666$2,693,205
78$6,144,269$764,648$177,295$2,857,183
79$6,687,706$718,837$99,956$3,037,087
80$7,283,950$668,158$17,402$3,234,632
81$7,938,305$612,290$0$3,451,719
82$8,656,613$550,894$0$3,702,520
83$9,445,310$483,610$0$3,981,245
84$10,311,484$410,059$0$4,287,543
85$11,262,944$329,841$0$4,624,310
86$12,308,294$242,532$0$4,994,744
87$13,457,010$147,687$0$5,402,381
88$14,719,533$44,831$0$5,851,124
89$16,107,365$0$0$6,345,285
90$17,633,180$0$0$6,924,769
91$19,310,937$0$0$7,588,143
92$21,156,020$0$0$8,317,828
93$23,185,375$0$0$9,120,545
94$25,417,675$0$0$10,003,700
95$27,873,492$0$0$10,975,452
96$30,575,494$0$0$12,044,790
97$33,548,655$0$0$13,221,622
98$36,820,494$0$0$14,516,860
99$40,421,333$0$0$15,942,532
100$44,384,579$0$0$17,511,888