Can I retire at age 54 with 952,000?

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 $952,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.2%
1 years$78,615$77,915$77,232$76,565$75,914$74,595
2 years$38,918$38,194$37,491$36,810$36,149$34,825
3 years$25,688$24,960$24,259$23,585$22,935$21,646
4 years$19,074$18,348$17,655$16,991$16,357$15,114
5 years$15,107$14,385$13,701$13,051$12,434$11,240
6 years$12,463$11,747$11,072$10,437$9,839$8,695
7 years$10,575$9,865$9,201$8,581$8,002$6,909
8 years$9,159$8,456$7,803$7,198$6,638$5,596
9 years$8,059$7,362$6,721$6,131$5,590$4,598
10 years$7,180$6,490$5,859$5,285$4,763$3,820
11 years$6,460$5,777$5,159$4,600$4,097$3,202
12 years$5,862$5,185$4,578$4,035$3,550$2,702
13 years$5,355$4,686$4,090$3,562$3,096$2,293
14 years$4,921$4,260$3,675$3,162$2,714$1,955
15 years$4,546$3,891$3,318$2,820$2,389$1,674
16 years$4,218$3,570$3,008$2,525$2,112$1,437
17 years$3,928$3,288$2,737$2,269$1,872$1,238
18 years$3,671$3,038$2,499$2,044$1,665$1,068
19 years$3,442$2,816$2,288$1,847$1,484$924
20 years$3,236$2,617$2,100$1,673$1,325$800
21 years$3,049$2,437$1,931$1,518$1,186$694
22 years$2,880$2,275$1,780$1,381$1,063$603
23 years$2,725$2,128$1,643$1,257$954$524
24 years$2,584$1,994$1,520$1,147$858$456
25 years$2,454$1,871$1,408$1,047$772$398
26 years$2,335$1,758$1,306$958$695$346
27 years$2,224$1,655$1,212$877$627$302
28 years$2,122$1,559$1,127$803$566$264
29 years$2,027$1,471$1,049$736$511$230
30 years$1,938$1,389$977$676$461$201
31 years$1,855$1,313$911$621$417$176
32 years$1,778$1,243$850$570$377$153
33 years$1,705$1,177$793$525$342$134
34 years$1,637$1,115$741$483$309$117
35 years$1,572$1,058$693$444$280$103
36 years$1,512$1,004$648$409$254$90
37 years$1,455$954$607$377$230$78
38 years$1,401$906$568$348$209$69
39 years$1,350$862$532$320$189$60
40 years$1,302$820$499$296$172$53
41 years$1,256$781$468$273$156$46
42 years$1,212$743$439$252$141$40
43 years$1,171$708$412$232$128$35
44 years$1,131$675$387$214$116$31
45 years$1,094$644$363$198$106$27
46 years$1,058$614$341$183$96$24
47 years$1,023$586$320$169$87$21
48 years$991$559$301$156$79$18
49 years$959$534$283$144$72$16
50 years$929$510$266$133$65$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $952,000, adding $2,126 every year, while hoping to spend $50,493 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: 45/37/18 Blend
53$952,000$952,000$952,000$952,000
54$1,051,297$1,000,841$986,085$1,093,082
55$1,104,805$996,158$965,395$1,117,868
56$1,162,079$989,553$942,319$1,139,532
57$1,223,449$980,879$916,724$1,161,960
58$1,289,278$969,980$888,472$1,185,244
59$1,359,964$956,689$857,416$1,209,492
60$1,435,945$940,831$823,403$1,234,822
61$1,517,699$922,219$786,275$1,261,372
62$1,605,754$900,658$745,865$1,289,295
63$1,700,687$875,937$701,999$1,318,765
64$1,803,136$847,836$654,494$1,349,977
65$1,913,796$816,120$603,160$1,383,151
66$2,033,437$780,543$547,799$1,418,535
67$2,162,900$740,843$488,203$1,456,407
68$2,303,113$696,742$424,155$1,497,079
69$2,455,096$647,947$355,429$1,540,900
70$2,619,968$594,149$281,789$1,588,263
71$2,798,962$535,019$202,986$1,639,606
72$2,993,434$470,213$118,764$1,695,419
73$3,204,875$399,364$28,853$1,756,248
74$3,434,926$322,087$0$1,822,707
75$3,685,391$237,971$0$1,908,364
76$3,958,256$146,588$0$2,007,844
77$4,255,708$47,481$0$2,116,508
78$4,580,153$0$0$2,235,361
79$4,934,236$0$0$2,389,878
80$5,320,874$0$0$2,579,816
81$5,743,274$0$0$2,787,432
82$6,204,969$0$0$3,014,476
83$6,709,847$0$0$3,262,874
84$7,262,190$0$0$3,534,748
85$7,866,711$0$0$3,832,433
86$8,528,603$0$0$4,158,502
87$9,253,582$0$0$4,515,787
88$10,047,942$0$0$4,907,409
89$10,918,619$0$0$5,336,804
90$11,873,246$0$0$5,807,755
91$12,920,235$0$0$6,324,431
92$14,068,848$0$0$6,891,422
93$15,329,288$0$0$7,513,787
94$16,712,794$0$0$8,197,095
95$18,231,744$0$0$8,947,483
96$19,899,776$0$0$9,771,711
97$21,731,912$0$0$10,677,224
98$23,744,701$0$0$11,672,228
99$25,956,371$0$0$12,765,758
100$28,387,009$0$0$13,967,772