Can I retire at age 54 with 961,000?

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 $961,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.9%
1 years$79,358$78,652$77,962$77,289$76,631$75,084
2 years$39,286$38,555$37,846$37,158$36,491$34,939
3 years$25,931$25,196$24,489$23,808$23,152$21,643
4 years$19,254$18,522$17,821$17,152$16,512$15,059
5 years$15,249$14,521$13,830$13,174$12,552$11,158
6 years$12,580$11,858$11,177$10,536$9,932$8,599
7 years$10,675$9,958$9,288$8,662$8,077$6,806
8 years$9,246$8,536$7,877$7,266$6,701$5,490
9 years$8,135$7,432$6,784$6,189$5,643$4,492
10 years$7,248$6,551$5,915$5,335$4,808$3,716
11 years$6,522$5,832$5,207$4,643$4,135$3,101
12 years$5,917$5,234$4,621$4,073$3,584$2,605
13 years$5,406$4,730$4,129$3,596$3,125$2,201
14 years$4,968$4,300$3,710$3,192$2,739$1,868
15 years$4,589$3,928$3,349$2,847$2,412$1,591
16 years$4,258$3,604$3,037$2,549$2,132$1,360
17 years$3,966$3,319$2,763$2,290$1,890$1,165
18 years$3,706$3,067$2,523$2,064$1,681$1,000
19 years$3,474$2,842$2,309$1,865$1,498$861
20 years$3,266$2,641$2,119$1,689$1,338$742
21 years$3,078$2,460$1,949$1,533$1,197$640
22 years$2,907$2,297$1,797$1,394$1,073$553
23 years$2,751$2,148$1,659$1,269$963$478
24 years$2,609$2,012$1,534$1,158$866$414
25 years$2,478$1,889$1,421$1,057$779$358
26 years$2,357$1,775$1,318$967$702$311
27 years$2,245$1,670$1,224$885$633$269
28 years$2,142$1,574$1,138$811$571$234
29 years$2,046$1,485$1,059$743$516$203
30 years$1,956$1,402$986$682$466$176
31 years$1,873$1,326$919$627$421$153
32 years$1,794$1,254$858$576$381$133
33 years$1,721$1,188$801$530$345$116
34 years$1,652$1,126$748$487$312$100
35 years$1,587$1,068$700$449$283$87
36 years$1,526$1,014$654$413$256$76
37 years$1,469$963$613$381$232$66
38 years$1,414$915$574$351$211$57
39 years$1,363$870$537$323$191$50
40 years$1,314$828$504$298$173$43
41 years$1,268$788$472$275$157$38
42 years$1,223$750$443$254$143$33
43 years$1,182$715$416$235$129$29
44 years$1,142$681$390$217$117$25
45 years$1,104$650$366$200$107$22
46 years$1,068$620$344$185$97$19
47 years$1,033$592$323$171$88$16
48 years$1,000$565$304$158$80$14
49 years$968$539$286$146$72$12
50 years$938$515$269$135$66$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $961,000, adding $5,048 every year, while hoping to spend $42,666 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: 74/10/16 Blend
53$961,000$961,000$961,000$961,000
54$1,064,229$1,013,296$998,401$1,138,801
55$1,127,384$1,017,551$986,451$1,193,112
56$1,195,551$1,020,585$972,670$1,246,863
57$1,269,196$1,022,292$956,954$1,304,626
58$1,348,831$1,022,562$939,189$1,366,788
59$1,435,020$1,021,275$919,259$1,433,777
60$1,528,381$1,018,307$897,043$1,506,064
61$1,629,594$1,013,523$872,414$1,584,171
62$1,739,410$1,006,782$845,236$1,668,670
63$1,858,649$997,934$815,371$1,760,193
64$1,988,219$986,820$782,674$1,859,439
65$2,129,114$973,271$746,990$1,967,176
66$2,282,431$957,108$708,161$2,084,253
67$2,449,374$938,142$666,020$2,211,607
68$2,631,271$916,172$620,392$2,350,269
69$2,829,581$890,985$571,096$2,501,377
70$3,045,912$862,357$517,941$2,666,186
71$3,282,031$830,048$460,728$2,846,082
72$3,539,886$793,808$399,250$3,042,591
73$3,821,619$753,369$333,290$3,257,397
74$4,129,590$708,450$262,621$3,492,358
75$4,466,396$658,752$187,006$3,749,520
76$4,834,897$603,960$106,200$4,031,144
77$5,238,242$543,740$19,944$4,339,719
78$5,679,900$477,740$0$4,677,992
79$6,163,688$405,588$0$5,061,302
80$6,693,813$326,890$0$5,485,113
81$7,274,906$241,232$0$5,949,750
82$7,912,067$148,173$0$6,459,325
83$8,610,915$47,250$0$7,018,372
84$9,377,637$0$0$7,631,884
85$10,219,050$0$0$8,312,192
86$11,142,662$0$0$9,064,710
87$12,156,742$0$0$9,890,981
88$13,270,400$0$0$10,798,435
89$14,493,672$0$0$11,795,255
90$15,837,612$0$0$12,890,454
91$17,314,401$0$0$14,093,965
92$18,937,455$0$0$15,416,727
93$20,721,555$0$0$16,870,793
94$22,682,987$0$0$18,469,444
95$24,839,691$0$0$20,227,309
96$27,211,435$0$0$22,160,507
97$29,819,997$0$0$24,286,796
98$32,689,372$0$0$26,625,743
99$35,845,996$0$0$29,198,905
100$39,318,999$0$0$32,030,037