Can I retire at age 54 with 949,000?

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 $949,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.6%
1 years$78,368$77,669$76,988$76,324$75,675$73,935
2 years$38,796$38,073$37,373$36,694$36,036$34,293
3 years$25,607$24,881$24,183$23,510$22,862$21,171
4 years$19,014$18,290$17,599$16,938$16,306$14,678
5 years$15,059$14,340$13,657$13,010$12,395$10,836
6 years$12,423$11,710$11,037$10,404$9,808$8,319
7 years$10,541$9,834$9,172$8,554$7,977$6,558
8 years$9,131$8,429$7,779$7,176$6,617$5,269
9 years$8,034$7,339$6,700$6,112$5,573$4,293
10 years$7,157$6,469$5,841$5,269$4,748$3,536
11 years$6,440$5,759$5,142$4,585$4,084$2,937
12 years$5,843$5,169$4,564$4,022$3,539$2,457
13 years$5,338$4,671$4,077$3,551$3,086$2,066
14 years$4,906$4,246$3,663$3,152$2,705$1,745
15 years$4,532$3,879$3,308$2,811$2,382$1,479
16 years$4,204$3,559$2,999$2,517$2,105$1,258
17 years$3,916$3,278$2,729$2,261$1,866$1,072
18 years$3,660$3,029$2,491$2,038$1,660$916
19 years$3,431$2,807$2,280$1,842$1,479$784
20 years$3,225$2,608$2,093$1,668$1,321$672
21 years$3,039$2,430$1,925$1,514$1,182$577
22 years$2,871$2,268$1,774$1,376$1,060$496
23 years$2,717$2,121$1,638$1,253$951$426
24 years$2,576$1,987$1,515$1,143$855$367
25 years$2,447$1,865$1,403$1,044$769$316
26 years$2,327$1,753$1,301$955$693$272
27 years$2,217$1,650$1,209$874$625$235
28 years$2,115$1,554$1,123$801$564$203
29 years$2,020$1,466$1,045$734$509$175
30 years$1,932$1,385$974$674$460$151
31 years$1,849$1,309$908$619$416$130
32 years$1,772$1,239$847$569$376$113
33 years$1,700$1,173$791$523$340$97
34 years$1,632$1,112$739$481$308$84
35 years$1,568$1,055$691$443$279$73
36 years$1,507$1,001$646$408$253$63
37 years$1,450$951$605$376$229$54
38 years$1,397$903$566$346$208$47
39 years$1,346$859$531$319$189$41
40 years$1,297$817$497$295$171$35
41 years$1,252$778$466$272$155$30
42 years$1,208$741$438$251$141$26
43 years$1,167$706$411$232$128$23
44 years$1,128$673$385$214$116$20
45 years$1,090$642$362$197$105$17
46 years$1,054$612$340$182$96$15
47 years$1,020$584$319$169$87$13
48 years$988$558$300$156$79$11
49 years$956$533$282$144$72$9
50 years$927$509$265$133$65$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $949,000, adding $4,026 every year, while hoping to spend $43,043 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: 49/41/10 Blend
53$949,000$949,000$949,000$949,000
54$1,049,951$999,654$984,944$1,098,383
55$1,111,248$1,002,839$972,143$1,135,196
56$1,177,356$1,004,739$957,469$1,170,299
57$1,248,718$1,005,243$940,816$1,207,438
58$1,325,824$1,004,236$922,071$1,246,817
59$1,409,212$1,001,598$901,114$1,288,660
60$1,499,472$997,197$877,822$1,333,218
61$1,597,254$990,895$852,065$1,380,770
62$1,703,272$982,547$823,707$1,431,624
63$1,818,312$971,998$792,607$1,486,124
64$1,943,236$959,083$758,616$1,544,649
65$2,078,996$943,628$721,580$1,607,622
66$2,226,637$925,448$681,335$1,675,511
67$2,387,307$904,349$637,714$1,748,836
68$2,562,273$880,122$590,538$1,828,172
69$2,752,927$852,550$539,622$1,914,159
70$2,960,800$821,399$484,774$2,007,504
71$3,187,578$786,425$425,791$2,108,990
72$3,435,119$747,368$362,463$2,219,488
73$3,705,465$703,952$294,569$2,339,960
74$4,000,865$655,889$221,880$2,471,471
75$4,323,795$602,869$144,155$2,615,202
76$4,676,982$544,569$61,143$2,772,459
77$5,063,426$480,645$0$2,944,689
78$5,486,434$410,735$0$3,136,421
79$5,949,645$334,456$0$3,353,650
80$6,457,066$251,402$0$3,591,836
81$7,013,112$161,146$0$3,853,177
82$7,622,644$63,236$0$4,140,105
83$8,291,014$0$0$4,455,306
84$9,024,121$0$0$4,821,057
85$9,828,459$0$0$5,253,752
86$10,711,180$0$0$5,728,722
87$11,680,167$0$0$6,250,219
88$12,744,098$0$0$6,822,931
89$13,912,536$0$0$7,452,017
90$15,196,013$0$0$8,143,164
91$16,606,134$0$0$8,902,636
92$18,155,680$0$0$9,737,333
93$19,858,736$0$0$10,654,859
94$21,730,816$0$0$11,663,587
95$23,789,012$0$0$12,772,748
96$26,052,156$0$0$13,992,506
97$28,540,996$0$0$15,334,063
98$31,278,390$0$0$16,809,759
99$34,289,524$0$0$18,433,193
100$37,602,147$0$0$20,219,346