Can I retire at age 54 with 958,000?

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 $958,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18%
1 years$79,111$78,406$77,719$77,048$76,392$73,917
2 years$39,164$38,434$37,727$37,042$36,377$33,907
3 years$25,850$25,117$24,412$23,733$23,079$20,691
4 years$19,194$18,464$17,766$17,098$16,460$14,173
5 years$15,202$14,476$13,787$13,133$12,513$10,332
6 years$12,541$11,821$11,142$10,503$9,901$7,829
7 years$10,641$9,927$9,259$8,635$8,052$6,088
8 years$9,217$8,509$7,852$7,244$6,680$4,823
9 years$8,110$7,409$6,763$6,170$5,626$3,873
10 years$7,225$6,531$5,896$5,319$4,793$3,143
11 years$6,501$5,814$5,191$4,629$4,122$2,571
12 years$5,898$5,218$4,607$4,060$3,572$2,116
13 years$5,389$4,716$4,116$3,584$3,115$1,751
14 years$4,952$4,286$3,698$3,182$2,731$1,455
15 years$4,575$3,916$3,339$2,838$2,404$1,212
16 years$4,244$3,593$3,027$2,541$2,125$1,013
17 years$3,953$3,309$2,755$2,283$1,884$849
18 years$3,695$3,057$2,515$2,057$1,675$713
19 years$3,464$2,833$2,302$1,859$1,493$599
20 years$3,256$2,633$2,113$1,684$1,334$504
21 years$3,068$2,453$1,943$1,528$1,194$425
22 years$2,898$2,289$1,791$1,389$1,070$358
23 years$2,743$2,141$1,654$1,265$960$302
24 years$2,600$2,006$1,529$1,154$863$255
25 years$2,470$1,883$1,417$1,054$777$216
26 years$2,350$1,769$1,314$964$700$182
27 years$2,238$1,665$1,220$882$631$154
28 years$2,135$1,569$1,134$808$569$130
29 years$2,039$1,480$1,055$741$514$110
30 years$1,950$1,398$983$680$464$93
31 years$1,867$1,322$916$625$420$79
32 years$1,789$1,250$855$574$380$67
33 years$1,716$1,184$798$528$344$57
34 years$1,647$1,122$746$486$311$48
35 years$1,582$1,065$697$447$282$41
36 years$1,522$1,010$652$412$255$34
37 years$1,464$960$611$379$231$29
38 years$1,410$912$572$350$210$25
39 years$1,358$867$536$322$190$21
40 years$1,310$825$502$297$173$18
41 years$1,264$785$471$274$157$15
42 years$1,220$748$442$253$142$13
43 years$1,178$713$414$234$129$11
44 years$1,138$679$389$216$117$9
45 years$1,100$648$365$199$106$8
46 years$1,064$618$343$184$96$7
47 years$1,030$590$322$170$88$6
48 years$997$563$303$157$80$5
49 years$965$538$285$145$72$4
50 years$935$514$268$134$66$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $958,000, adding $5,966 every year, while hoping to spend $42,317 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: 54/28/18 Blend
53$958,000$958,000$958,000$958,000
54$1,061,870$1,011,096$996,247$1,113,748
55$1,125,156$1,015,615$984,596$1,154,398
56$1,193,478$1,018,937$971,137$1,193,633
57$1,267,307$1,020,958$955,764$1,235,410
58$1,347,157$1,021,570$938,367$1,279,984
59$1,433,595$1,020,655$918,830$1,327,635
60$1,527,244$1,018,090$897,033$1,378,675
61$1,628,790$1,013,742$872,850$1,433,451
62$1,738,984$1,007,474$846,149$1,492,345
63$1,858,656$999,136$816,791$1,555,781
64$1,988,718$988,572$784,631$1,624,228
65$2,130,170$975,615$749,520$1,698,207
66$2,284,117$960,089$711,298$1,778,291
67$2,451,771$941,808$669,801$1,865,119
68$2,634,468$920,573$624,856$1,959,394
69$2,833,678$896,175$576,282$2,061,896
70$3,051,017$868,392$523,892$2,173,488
71$3,288,267$836,989$467,489$2,295,123
72$3,547,387$801,718$406,866$2,427,857
73$3,830,534$762,316$341,810$2,572,857
74$4,140,083$718,505$272,095$2,731,412
75$4,478,650$669,990$197,489$2,904,948
76$4,849,114$616,460$117,746$3,095,044
77$5,254,644$557,588$32,611$3,303,441
78$5,698,732$493,024$0$3,532,065
79$6,185,223$422,403$0$3,794,231
80$6,718,351$345,336$0$4,088,517
81$7,302,778$261,412$0$4,411,305
82$7,943,640$170,200$0$4,765,525
83$8,646,593$71,242$0$5,154,408
84$9,417,868$0$0$5,581,520
85$10,264,326$0$0$6,061,868
86$11,193,527$0$0$6,613,360
87$12,213,797$0$0$7,219,001
88$13,334,308$0$0$7,884,245
89$14,565,164$0$0$8,615,105
90$15,917,497$0$0$9,418,202
91$17,403,568$0$0$10,300,833
92$19,036,886$0$0$11,271,034
93$20,832,335$0$0$12,337,661
94$22,806,311$0$0$13,510,468
95$24,976,879$0$0$14,800,205
96$27,363,940$0$0$16,218,711
97$29,989,424$0$0$17,779,036
98$32,877,489$0$0$19,495,553
99$36,054,755$0$0$21,384,101
100$39,550,550$0$0$23,462,131