Can I retire at age 54 with 955,000?

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 $955,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.3%
1 years$78,863$78,161$77,475$76,806$76,153$73,893
2 years$39,041$38,314$37,609$36,926$36,263$34,005
3 years$25,769$25,039$24,336$23,659$23,007$20,821
4 years$19,134$18,406$17,710$17,045$16,409$14,312
5 years$15,154$14,431$13,744$13,092$12,474$10,472
6 years$12,502$11,784$11,107$10,470$9,870$7,965
7 years$10,608$9,896$9,230$8,608$8,027$6,219
8 years$9,188$8,483$7,828$7,221$6,659$4,947
9 years$8,085$7,386$6,742$6,151$5,608$3,990
10 years$7,202$6,510$5,878$5,302$4,778$3,252
11 years$6,481$5,796$5,175$4,614$4,109$2,672
12 years$5,880$5,202$4,592$4,047$3,561$2,210
13 years$5,372$4,701$4,103$3,573$3,105$1,837
14 years$4,937$4,273$3,687$3,172$2,722$1,533
15 years$4,560$3,903$3,329$2,829$2,397$1,285
16 years$4,231$3,581$3,018$2,533$2,118$1,079
17 years$3,941$3,298$2,746$2,276$1,878$909
18 years$3,683$3,048$2,507$2,051$1,670$767
19 years$3,453$2,825$2,295$1,853$1,489$648
20 years$3,246$2,625$2,106$1,678$1,330$548
21 years$3,059$2,445$1,937$1,523$1,190$464
22 years$2,889$2,282$1,785$1,385$1,067$394
23 years$2,734$2,134$1,649$1,261$957$334
24 years$2,592$2,000$1,525$1,150$861$284
25 years$2,462$1,877$1,412$1,051$774$241
26 years$2,342$1,764$1,310$961$697$205
27 years$2,231$1,660$1,216$879$629$174
28 years$2,128$1,564$1,131$806$567$148
29 years$2,033$1,476$1,052$739$512$126
30 years$1,944$1,394$980$678$463$107
31 years$1,861$1,317$914$623$419$92
32 years$1,783$1,247$852$572$379$78
33 years$1,710$1,181$796$526$343$66
34 years$1,642$1,119$744$484$310$57
35 years$1,577$1,061$695$446$281$48
36 years$1,517$1,007$650$411$255$41
37 years$1,460$957$609$378$231$35
38 years$1,405$909$570$349$209$30
39 years$1,354$865$534$321$190$25
40 years$1,306$823$501$296$172$22
41 years$1,260$783$469$274$156$18
42 years$1,216$746$440$252$142$16
43 years$1,174$710$413$233$129$13
44 years$1,135$677$388$215$117$11
45 years$1,097$646$364$199$106$10
46 years$1,061$616$342$184$96$8
47 years$1,027$588$321$170$87$7
48 years$994$561$302$157$79$6
49 years$962$536$284$145$72$5
50 years$932$512$267$134$65$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $955,000, adding $3,768 every year, while hoping to spend $50,056 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: 78/12/10 Blend
53$955,000$955,000$955,000$955,000
54$1,056,297$1,005,682$990,879$1,136,608
55$1,110,780$1,001,701$970,814$1,185,939
56$1,169,142$995,847$948,400$1,233,200
57$1,231,728$987,977$923,504$1,283,586
58$1,298,911$977,935$895,989$1,337,385
59$1,371,107$965,560$865,711$1,394,918
60$1,448,767$950,680$832,519$1,456,536
61$1,532,389$933,111$796,257$1,522,629
62$1,622,520$912,661$756,759$1,593,625
63$1,719,760$889,124$713,853$1,669,997
64$1,824,768$862,284$667,360$1,752,265
65$1,938,269$831,910$617,091$1,841,004
66$2,061,060$797,761$562,851$1,936,849
67$2,194,015$759,579$504,434$2,040,498
68$2,338,098$717,092$441,625$2,152,722
69$2,494,367$670,012$374,202$2,274,373
70$2,663,985$618,035$301,931$2,406,388
71$2,848,233$560,840$224,567$2,549,802
72$3,048,518$498,087$141,856$2,705,756
73$3,266,390$429,417$53,531$2,875,510
74$3,503,553$354,449$0$3,060,452
75$3,761,883$272,785$0$3,266,460
76$4,043,443$183,999$0$3,497,256
77$4,350,504$87,644$0$3,749,017
78$4,685,566$0$0$4,023,834
79$5,051,380$0$0$4,326,219
80$5,450,977$0$0$4,669,200
81$5,887,689$0$0$5,044,069
82$6,365,188$0$0$5,453,981
83$6,887,516$0$0$5,902,409
84$7,459,124$0$0$6,393,178
85$8,084,912$0$0$6,930,501
86$8,770,276$0$0$7,519,016
87$9,521,160$0$0$8,163,829
88$10,344,108$0$0$8,870,566
89$11,246,327$0$0$9,645,423
90$12,235,758$0$0$10,495,221
91$13,321,143$0$0$11,427,477
92$14,512,113$0$0$12,450,468
93$15,819,277$0$0$13,573,312
94$17,254,320$0$0$14,806,052
95$18,830,114$0$0$16,159,751
96$20,560,839$0$0$17,646,598
97$22,462,113$0$0$19,280,018
98$24,551,147$0$0$21,074,800
99$26,846,895$0$0$23,047,240
100$29,370,243$0$0$25,215,286