Can I retire at age 54 with 945,000?

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 $945,000?

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$78,037$77,342$76,664$76,002$75,356$74,476
2 years$38,632$37,913$37,215$36,539$35,884$34,998
3 years$25,499$24,776$24,081$23,411$22,766$21,902
4 years$18,934$18,213$17,525$16,866$16,237$15,401
5 years$14,996$14,279$13,600$12,955$12,343$11,538
6 years$12,371$11,660$10,991$10,360$9,767$8,994
7 years$10,497$9,792$9,133$8,518$7,943$7,202
8 years$9,092$8,394$7,746$7,145$6,589$5,881
9 years$8,000$7,308$6,671$6,086$5,549$4,872
10 years$7,127$6,442$5,816$5,246$4,728$4,083
11 years$6,413$5,735$5,121$4,566$4,066$3,452
12 years$5,818$5,147$4,544$4,005$3,524$2,939
13 years$5,316$4,652$4,060$3,536$3,073$2,518
14 years$4,885$4,228$3,648$3,139$2,694$2,167
15 years$4,513$3,863$3,294$2,799$2,372$1,873
16 years$4,187$3,544$2,986$2,506$2,096$1,624
17 years$3,900$3,264$2,717$2,252$1,859$1,412
18 years$3,645$3,016$2,481$2,029$1,653$1,231
19 years$3,417$2,795$2,271$1,834$1,473$1,076
20 years$3,212$2,597$2,084$1,661$1,316$942
21 years$3,027$2,419$1,917$1,507$1,177$826
22 years$2,859$2,258$1,767$1,370$1,055$725
23 years$2,705$2,112$1,631$1,248$947$637
24 years$2,565$1,979$1,509$1,138$852$561
25 years$2,436$1,857$1,397$1,040$766$494
26 years$2,318$1,745$1,296$951$690$435
27 years$2,208$1,643$1,203$870$622$384
28 years$2,106$1,548$1,119$797$561$339
29 years$2,012$1,460$1,041$731$507$299
30 years$1,924$1,379$970$671$458$264
31 years$1,841$1,304$904$616$414$233
32 years$1,764$1,233$843$566$375$206
33 years$1,692$1,168$788$521$339$182
34 years$1,625$1,107$736$479$307$161
35 years$1,561$1,050$688$441$278$143
36 years$1,501$997$644$406$252$126
37 years$1,444$947$602$374$228$112
38 years$1,391$900$564$345$207$99
39 years$1,340$855$529$318$188$88
40 years$1,292$814$495$293$170$78
41 years$1,246$775$464$271$154$69
42 years$1,203$738$436$250$140$61
43 years$1,162$703$409$231$127$54
44 years$1,123$670$384$213$115$48
45 years$1,085$639$360$197$105$42
46 years$1,050$610$338$182$95$38
47 years$1,016$582$318$168$86$33
48 years$983$555$299$155$78$29
49 years$952$530$281$143$71$26
50 years$923$507$264$132$65$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $945,000, adding $3,236 every year, while hoping to spend $23,424 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: 71/22/7 Blend
53$945,000$945,000$945,000$945,000
54$1,044,728$994,643$979,995$1,117,572
55$1,126,367$1,018,457$987,902$1,189,934
56$1,215,549$1,042,654$995,289$1,265,897
57$1,313,017$1,067,226$1,002,113$1,348,391
58$1,419,591$1,092,167$1,008,331$1,438,055
59$1,536,175$1,117,468$1,013,895$1,535,587
60$1,663,761$1,143,121$1,018,757$1,641,761
61$1,803,445$1,169,113$1,022,865$1,757,426
62$1,956,430$1,195,434$1,026,165$1,883,519
63$2,124,044$1,222,069$1,028,601$2,021,071
64$2,307,750$1,249,003$1,030,111$2,171,216
65$2,509,155$1,276,219$1,030,635$2,335,207
66$2,730,032$1,303,698$1,030,105$2,514,421
67$2,972,336$1,331,419$1,028,453$2,710,376
68$3,238,215$1,359,359$1,025,607$2,924,745
69$3,530,038$1,387,493$1,021,491$3,159,369
70$3,850,416$1,415,794$1,016,025$3,416,279
71$4,202,223$1,444,232$1,009,126$3,697,710
72$4,588,624$1,472,774$1,000,706$4,006,126
73$5,013,107$1,501,384$990,674$4,344,241
74$5,479,517$1,530,024$978,933$4,715,047
75$5,992,084$1,558,652$965,385$5,121,838
76$6,555,474$1,587,223$949,922$5,568,245
77$7,174,824$1,615,689$932,436$6,058,270
78$7,855,794$1,643,996$912,811$6,596,320
79$8,604,621$1,672,087$890,926$7,187,254
80$9,428,176$1,699,903$866,655$7,836,425
81$10,334,029$1,727,377$839,867$8,549,730
82$11,330,520$1,754,439$810,423$9,333,671
83$12,426,840$1,781,013$778,179$10,195,408
84$13,633,113$1,807,019$742,983$11,142,836
85$14,960,496$1,832,368$704,679$12,184,652
86$16,421,282$1,856,970$663,101$13,330,440
87$18,029,015$1,880,723$618,077$14,590,762
88$19,798,619$1,903,523$569,427$15,977,258
89$21,746,537$1,925,254$516,962$17,502,755
90$23,890,890$1,945,798$460,486$19,181,388
91$26,251,641$1,965,023$399,793$21,028,732
92$28,850,792$1,982,793$334,670$23,061,954
93$31,712,583$1,998,960$264,892$25,299,971
94$34,863,726$2,013,368$190,224$27,763,630
95$38,333,653$2,025,850$110,424$30,475,903
96$42,154,799$2,036,230$25,237$33,462,109
97$46,362,902$2,044,318$0$36,750,147
98$50,997,343$2,049,915$0$40,375,669
99$56,101,518$2,052,806$0$44,369,984
100$61,723,245$2,052,767$0$48,768,567