Can I retire at age 54 with 954,000?

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 $954,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.8%
1 years$78,780$78,079$77,394$76,726$76,073$73,964
2 years$39,000$38,274$37,570$36,887$36,225$34,116
3 years$25,742$25,012$24,310$23,634$22,983$20,940
4 years$19,114$18,387$17,692$17,027$16,392$14,430
5 years$15,138$14,415$13,729$13,078$12,461$10,586
6 years$12,489$11,771$11,095$10,459$9,860$8,074
7 years$10,597$9,886$9,220$8,599$8,019$6,322
8 years$9,179$8,474$7,820$7,213$6,652$5,044
9 years$8,076$7,378$6,735$6,144$5,602$4,080
10 years$7,195$6,503$5,872$5,296$4,773$3,336
11 years$6,474$5,789$5,169$4,609$4,105$2,750
12 years$5,874$5,196$4,588$4,043$3,557$2,282
13 years$5,366$4,696$4,099$3,569$3,102$1,903
14 years$4,932$4,268$3,683$3,169$2,719$1,594
15 years$4,556$3,899$3,325$2,826$2,394$1,340
16 years$4,227$3,578$3,015$2,530$2,116$1,130
17 years$3,937$3,295$2,743$2,273$1,876$955
18 years$3,679$3,045$2,504$2,049$1,668$809
19 years$3,449$2,822$2,292$1,851$1,487$686
20 years$3,242$2,622$2,104$1,677$1,328$583
21 years$3,055$2,442$1,935$1,522$1,189$495
22 years$2,886$2,280$1,784$1,384$1,065$422
23 years$2,731$2,132$1,647$1,260$956$359
24 years$2,590$1,998$1,523$1,149$860$306
25 years$2,460$1,875$1,411$1,050$774$261
26 years$2,340$1,762$1,308$960$697$223
27 years$2,229$1,658$1,215$878$628$191
28 years$2,126$1,563$1,129$805$567$163
29 years$2,031$1,474$1,051$738$512$139
30 years$1,942$1,392$979$677$462$119
31 years$1,859$1,316$913$622$418$102
32 years$1,781$1,245$852$572$378$87
33 years$1,708$1,179$795$526$342$74
34 years$1,640$1,118$743$484$310$64
35 years$1,576$1,060$695$445$281$54
36 years$1,515$1,006$650$410$254$47
37 years$1,458$956$608$378$230$40
38 years$1,404$908$569$348$209$34
39 years$1,353$864$534$321$189$29
40 years$1,304$822$500$296$172$25
41 years$1,258$782$469$273$156$21
42 years$1,215$745$440$252$141$18
43 years$1,173$710$413$233$128$16
44 years$1,133$677$387$215$117$13
45 years$1,096$645$364$199$106$11
46 years$1,060$615$342$183$96$10
47 years$1,026$587$321$169$87$8
48 years$993$561$302$157$79$7
49 years$961$535$284$145$72$6
50 years$931$511$267$134$65$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $954,000, adding $3,111 every year, while hoping to spend $36,596 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: 70/18/12 Blend
53$954,000$954,000$954,000$954,000
54$1,054,517$1,003,955$989,168$1,125,427
55$1,123,140$1,014,211$983,367$1,183,131
56$1,197,536$1,023,743$976,146$1,241,527
57$1,278,255$1,032,477$967,417$1,304,467
58$1,365,902$1,040,333$957,091$1,372,391
59$1,461,143$1,047,229$945,073$1,445,785
60$1,564,711$1,053,074$931,263$1,525,185
61$1,677,410$1,057,773$915,559$1,611,181
62$1,800,127$1,061,225$897,851$1,704,425
63$1,933,836$1,063,322$878,026$1,805,635
64$2,079,613$1,063,950$855,965$1,915,602
65$2,238,637$1,062,987$831,544$2,035,199
66$2,412,209$1,060,305$804,632$2,165,389
67$2,601,761$1,055,765$775,093$2,307,234
68$2,808,867$1,049,224$742,785$2,461,903
69$3,035,262$1,040,527$707,559$2,630,688
70$3,282,856$1,029,510$669,259$2,815,012
71$3,553,751$1,016,000$627,724$3,016,443
72$3,850,263$999,814$582,782$3,236,712
73$4,174,942$980,757$534,257$3,477,727
74$4,530,594$958,622$481,963$3,741,593
75$4,920,311$933,191$425,705$4,030,629
76$5,347,499$904,234$365,283$4,347,392
77$5,815,908$871,505$300,483$4,694,705
78$6,329,668$834,746$231,087$5,075,676
79$6,893,328$793,682$156,862$5,493,735
80$7,511,899$748,025$77,569$5,952,664
81$8,190,902$697,467$0$6,456,631
82$8,936,416$641,684$0$7,011,135
83$9,755,138$580,335$0$7,631,001
84$10,654,447$513,056$0$8,311,908
85$11,642,471$439,466$0$9,060,055
86$12,728,163$359,160$0$9,882,270
87$13,921,388$271,711$0$10,786,084
88$15,233,012$176,668$0$11,779,794
89$16,675,009$73,554$0$12,872,545
90$18,260,569$0$0$14,074,417
91$20,004,225$0$0$15,404,073
92$21,921,987$0$0$16,882,579
93$24,031,497$0$0$18,508,971
94$26,352,191$0$0$20,298,244
95$28,905,485$0$0$22,266,915
96$31,714,974$0$0$24,433,185
97$34,806,656$0$0$26,817,108
98$38,209,177$0$0$29,440,782
99$41,954,102$0$0$32,328,553
100$46,076,207$0$0$35,507,248