Can I retire at age 54 with 951,000?

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 $951,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.4%
1 years$78,533$77,833$77,151$76,485$75,834$73,851
2 years$38,878$38,154$37,452$36,771$36,111$34,127
3 years$25,661$24,934$24,234$23,560$22,911$20,987
4 years$19,054$18,329$17,636$16,974$16,340$14,492
5 years$15,091$14,370$13,686$13,037$12,421$10,654
6 years$12,449$11,734$11,061$10,426$9,829$8,144
7 years$10,564$9,854$9,191$8,572$7,993$6,391
8 years$9,150$8,447$7,795$7,191$6,631$5,110
9 years$8,051$7,355$6,714$6,125$5,584$4,144
10 years$7,172$6,483$5,853$5,280$4,758$3,396
11 years$6,454$5,771$5,153$4,595$4,092$2,807
12 years$5,855$5,180$4,573$4,030$3,546$2,335
13 years$5,350$4,681$4,086$3,558$3,092$1,953
14 years$4,916$4,255$3,671$3,159$2,711$1,641
15 years$4,541$3,887$3,315$2,817$2,387$1,383
16 years$4,213$3,566$3,005$2,522$2,109$1,169
17 years$3,924$3,284$2,735$2,266$1,870$991
18 years$3,668$3,035$2,496$2,042$1,663$842
19 years$3,438$2,813$2,285$1,845$1,482$716
20 years$3,232$2,614$2,097$1,671$1,324$610
21 years$3,046$2,435$1,929$1,517$1,185$521
22 years$2,877$2,273$1,778$1,379$1,062$445
23 years$2,723$2,126$1,642$1,256$953$380
24 years$2,581$1,992$1,518$1,146$857$325
25 years$2,452$1,869$1,406$1,046$771$278
26 years$2,332$1,756$1,304$957$695$238
27 years$2,222$1,653$1,211$876$626$204
28 years$2,120$1,558$1,126$802$565$175
29 years$2,024$1,469$1,048$736$510$150
30 years$1,936$1,388$976$675$461$129
31 years$1,853$1,312$910$620$417$110
32 years$1,776$1,241$849$570$377$95
33 years$1,703$1,176$793$524$341$81
34 years$1,635$1,114$741$482$309$70
35 years$1,571$1,057$692$444$280$60
36 years$1,510$1,003$648$409$254$51
37 years$1,453$953$606$377$230$44
38 years$1,399$905$568$347$208$38
39 years$1,348$861$532$320$189$33
40 years$1,300$819$499$295$171$28
41 years$1,254$780$467$272$155$24
42 years$1,211$743$438$251$141$21
43 years$1,169$707$411$232$128$18
44 years$1,130$674$386$214$116$15
45 years$1,092$643$363$198$105$13
46 years$1,057$613$341$183$96$11
47 years$1,022$585$320$169$87$10
48 years$990$559$301$156$79$8
49 years$958$534$283$144$72$7
50 years$929$510$266$133$65$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $951,000, adding $2,858 every year, while hoping to spend $48,856 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: 47/34/19 Blend
53$951,000$951,000$951,000$951,000
54$1,050,950$1,000,547$985,807$1,094,553
55$1,106,165$997,591$966,849$1,122,272
56$1,165,373$992,854$945,618$1,147,196
57$1,228,933$986,195$921,988$1,173,221
58$1,297,233$977,467$895,823$1,200,469
59$1,370,702$966,515$866,985$1,229,080
60$1,449,812$953,172$835,327$1,259,211
61$1,535,079$937,263$800,696$1,291,035
62$1,627,070$918,603$762,933$1,324,750
63$1,726,411$896,993$721,871$1,360,577
64$1,833,785$872,227$677,334$1,398,760
65$1,949,947$844,082$629,141$1,439,577
66$2,075,725$812,325$577,100$1,483,336
67$2,212,029$776,709$521,013$1,530,380
68$2,359,860$736,971$460,671$1,581,094
69$2,520,319$692,837$395,857$1,635,908
70$2,694,617$644,012$326,344$1,695,300
71$2,884,087$590,187$251,895$1,759,802
72$3,090,192$531,035$172,262$1,830,009
73$3,314,547$466,210$87,188$1,906,582
74$3,558,924$395,347$0$1,990,257
75$3,825,275$318,061$0$2,082,581
76$4,115,750$233,942$0$2,202,646
77$4,432,712$142,561$0$2,333,828
78$4,778,765$43,463$0$2,477,312
79$5,156,774$0$0$2,634,411
80$5,569,892$0$0$2,830,459
81$6,021,594$0$0$3,062,699
82$6,515,701$0$0$3,316,849
83$7,056,424$0$0$3,595,088
84$7,648,399$0$0$3,899,814
85$8,296,730$0$0$4,233,670
86$9,007,040$0$0$4,599,566
87$9,785,518$0$0$5,000,707
88$10,638,983$0$0$5,440,621
89$11,574,945$0$0$5,923,197
90$12,601,675$0$0$6,452,715
91$13,728,283$0$0$7,033,894
92$14,964,804$0$0$7,671,927
93$16,322,291$0$0$8,372,537
94$17,812,922$0$0$9,142,029
95$19,450,108$0$0$9,987,347
96$21,248,625$0$0$10,916,142
97$23,224,751$0$0$11,936,842
98$25,396,418$0$0$13,058,731
99$27,783,382$0$0$14,292,040
100$30,407,407$0$0$15,648,037