Can I retire at age 54 with 957,000?

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 $957,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.4%
1 years$79,028$78,324$77,637$76,967$76,313$74,018
2 years$39,123$38,394$37,688$37,003$36,339$34,047
3 years$25,823$25,091$24,387$23,708$23,055$20,837
4 years$19,174$18,445$17,747$17,081$16,443$14,316
5 years$15,186$14,461$13,773$13,120$12,500$10,469
6 years$12,528$11,808$11,130$10,492$9,891$7,959
7 years$10,630$9,917$9,249$8,626$8,044$6,210
8 years$9,208$8,500$7,844$7,236$6,673$4,937
9 years$8,102$7,401$6,756$6,164$5,620$3,979
10 years$7,217$6,524$5,890$5,313$4,788$3,241
11 years$6,494$5,808$5,186$4,624$4,118$2,661
12 years$5,892$5,213$4,602$4,056$3,569$2,200
13 years$5,383$4,711$4,112$3,581$3,112$1,827
14 years$4,947$4,282$3,694$3,178$2,728$1,524
15 years$4,570$3,912$3,336$2,835$2,402$1,276
16 years$4,240$3,589$3,024$2,538$2,123$1,071
17 years$3,949$3,305$2,752$2,280$1,882$901
18 years$3,691$3,054$2,512$2,055$1,674$760
19 years$3,460$2,831$2,300$1,857$1,492$642
20 years$3,253$2,630$2,111$1,682$1,332$543
21 years$3,065$2,450$1,941$1,526$1,192$459
22 years$2,895$2,287$1,789$1,388$1,069$389
23 years$2,740$2,139$1,652$1,264$959$330
24 years$2,598$2,004$1,528$1,153$862$280
25 years$2,467$1,881$1,415$1,053$776$238
26 years$2,347$1,768$1,312$963$699$202
27 years$2,236$1,663$1,219$881$630$172
28 years$2,133$1,568$1,133$807$569$146
29 years$2,037$1,479$1,054$740$513$124
30 years$1,948$1,397$982$679$464$106
31 years$1,865$1,320$916$624$419$90
32 years$1,787$1,249$854$573$379$76
33 years$1,714$1,183$798$527$343$65
34 years$1,645$1,121$745$485$311$55
35 years$1,581$1,063$697$447$282$47
36 years$1,520$1,009$652$411$255$40
37 years$1,463$959$610$379$231$34
38 years$1,408$911$571$349$210$29
39 years$1,357$866$535$322$190$25
40 years$1,308$824$502$297$172$21
41 years$1,262$785$470$274$156$18
42 years$1,218$747$441$253$142$15
43 years$1,177$712$414$234$129$13
44 years$1,137$679$389$216$117$11
45 years$1,099$647$365$199$106$9
46 years$1,063$617$343$184$96$8
47 years$1,029$589$322$170$88$7
48 years$996$562$303$157$79$6
49 years$964$537$284$145$72$5
50 years$934$513$267$134$66$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $957,000, adding $2,981 every year, while hoping to spend $26,794 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: 74/17/9 Blend
53$957,000$957,000$957,000$957,000
54$1,057,689$1,006,968$992,134$1,134,113
55$1,137,065$1,027,801$996,862$1,205,740
56$1,223,639$1,048,756$1,000,851$1,280,525
57$1,318,117$1,069,812$1,004,046$1,361,702
58$1,421,276$1,090,945$1,006,393$1,449,897
59$1,533,972$1,112,127$1,007,833$1,545,795
60$1,657,147$1,133,331$1,008,305$1,650,155
61$1,791,837$1,154,525$1,007,744$1,763,810
62$1,939,183$1,175,675$1,006,083$1,887,679
63$2,100,443$1,196,747$1,003,250$2,022,775
64$2,277,000$1,217,700$999,171$2,170,211
65$2,470,380$1,238,492$993,768$2,331,216
66$2,682,259$1,259,079$986,960$2,507,144
67$2,914,487$1,279,411$978,661$2,699,485
68$3,169,099$1,299,437$968,780$2,909,881
69$3,448,338$1,319,100$957,225$3,140,143
70$3,754,673$1,338,340$943,897$3,392,265
71$4,090,823$1,357,093$928,691$3,668,443
72$4,459,787$1,375,290$911,502$3,971,099
73$4,864,863$1,392,857$892,215$4,302,902
74$5,309,687$1,409,716$870,713$4,666,790
75$5,798,265$1,425,781$846,871$5,066,003
76$6,335,008$1,440,964$820,561$5,504,112
77$6,924,776$1,455,169$791,648$5,985,049
78$7,572,924$1,468,293$759,988$6,513,151
79$8,285,351$1,480,228$725,436$7,093,194
80$9,068,554$1,490,856$687,836$7,730,443
81$9,929,694$1,500,056$647,026$8,430,699
82$10,876,660$1,507,695$602,838$9,200,357
83$11,918,141$1,513,634$555,095$10,046,463
84$13,063,713$1,517,724$503,612$10,976,780
85$14,323,925$1,519,807$448,197$11,999,867
86$15,710,403$1,519,714$388,649$13,125,154
87$17,235,953$1,517,269$324,757$14,363,034
88$18,914,686$1,512,281$256,303$15,724,961
89$20,762,150$1,504,549$183,055$17,223,557
90$22,795,479$1,493,861$104,777$18,872,732
91$25,033,547$1,479,990$21,217$20,687,817
92$27,497,157$1,462,697$0$22,685,708
93$30,209,225$1,441,728$0$24,891,548
94$33,195,006$1,416,812$0$27,321,932
95$36,482,326$1,387,666$0$29,997,460
96$40,101,848$1,353,986$0$32,943,082
97$44,087,359$1,315,454$0$36,186,295
98$48,476,088$1,271,730$0$39,757,398
99$53,309,060$1,222,455$0$43,689,782
100$58,631,480$1,167,251$0$48,020,242