Can I retire at age 54 with 968,000?

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 $968,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.2%
1 years$79,937$79,225$78,530$77,852$77,190$76,800
2 years$39,573$38,836$38,121$37,429$36,757$36,364
3 years$26,120$25,379$24,667$23,981$23,320$22,935
4 years$19,395$18,657$17,951$17,277$16,632$16,259
5 years$15,360$14,627$13,931$13,270$12,643$12,283
6 years$12,672$11,944$11,258$10,612$10,004$9,657
7 years$10,752$10,031$9,356$8,725$8,136$7,802
8 years$9,313$8,598$7,934$7,319$6,750$6,429
9 years$8,195$7,486$6,834$6,234$5,684$5,377
10 years$7,300$6,599$5,958$5,374$4,843$4,549
11 years$6,569$5,874$5,245$4,677$4,165$3,884
12 years$5,960$5,273$4,655$4,102$3,610$3,341
13 years$5,445$4,765$4,159$3,622$3,148$2,891
14 years$5,004$4,331$3,737$3,215$2,759$2,515
15 years$4,622$3,957$3,374$2,867$2,429$2,197
16 years$4,289$3,630$3,059$2,567$2,147$1,926
17 years$3,994$3,343$2,783$2,307$1,904$1,694
18 years$3,733$3,089$2,541$2,079$1,693$1,494
19 years$3,500$2,863$2,326$1,878$1,509$1,320
20 years$3,290$2,660$2,135$1,701$1,348$1,169
21 years$3,100$2,478$1,964$1,544$1,206$1,037
22 years$2,928$2,313$1,810$1,404$1,081$921
23 years$2,771$2,164$1,671$1,278$970$820
24 years$2,628$2,027$1,545$1,166$872$730
25 years$2,496$1,902$1,431$1,065$785$651
26 years$2,374$1,788$1,327$974$707$581
27 years$2,262$1,683$1,233$891$637$519
28 years$2,157$1,586$1,146$817$575$464
29 years$2,061$1,496$1,066$749$519$415
30 years$1,970$1,413$993$687$469$371
31 years$1,886$1,335$926$631$424$333
32 years$1,807$1,264$864$580$384$298
33 years$1,734$1,197$807$533$347$267
34 years$1,664$1,134$754$491$314$239
35 years$1,599$1,076$705$452$285$215
36 years$1,537$1,021$659$416$258$192
37 years$1,479$970$617$383$234$173
38 years$1,425$922$578$353$212$155
39 years$1,373$876$541$326$192$139
40 years$1,323$834$507$301$174$125
41 years$1,277$794$476$277$158$112
42 years$1,232$756$446$256$144$101
43 years$1,190$720$419$236$130$90
44 years$1,150$686$393$218$118$81
45 years$1,112$655$369$201$107$73
46 years$1,075$624$347$186$97$66
47 years$1,041$596$326$172$89$59
48 years$1,007$569$306$159$80$53
49 years$976$543$288$147$73$48
50 years$945$519$270$136$66$43

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $968,000, adding $3,794 every year, while hoping to spend $24,243 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: 68/23/9 Blend
53$968,000$968,000$968,000$968,000
54$1,070,650$1,019,346$1,004,342$1,141,331
55$1,154,061$1,043,499$1,012,193$1,212,879
56$1,245,169$1,068,024$1,019,494$1,287,816
57$1,344,731$1,092,912$1,026,202$1,369,122
58$1,453,584$1,118,155$1,032,270$1,457,420
59$1,572,648$1,143,743$1,037,650$1,553,390
60$1,702,937$1,169,666$1,042,290$1,657,786
61$1,845,567$1,195,909$1,046,137$1,771,436
62$2,001,766$1,222,460$1,049,134$1,895,252
63$2,172,888$1,249,303$1,051,222$2,030,239
64$2,360,423$1,276,419$1,052,338$2,177,504
65$2,566,013$1,303,790$1,052,418$2,338,266
66$2,791,465$1,331,394$1,051,393$2,513,867
67$3,038,770$1,359,208$1,049,190$2,705,789
68$3,310,121$1,387,206$1,045,734$2,915,661
69$3,607,934$1,415,359$1,040,947$3,145,279
70$3,934,869$1,443,638$1,034,745$3,396,623
71$4,293,858$1,472,009$1,027,042$3,671,871
72$4,688,130$1,500,436$1,017,745$3,973,428
73$5,121,241$1,528,878$1,006,761$4,303,940
74$5,597,108$1,557,295$993,989$4,666,323
75$6,120,050$1,585,639$979,324$5,063,792
76$6,694,821$1,613,861$962,658$5,499,887
77$7,326,660$1,641,907$943,874$5,978,512
78$8,021,339$1,669,721$922,854$6,503,967
79$8,785,218$1,697,239$899,471$7,080,990
80$9,625,301$1,724,395$873,594$7,714,803
81$10,549,309$1,751,117$845,087$8,411,160
82$11,565,746$1,777,329$813,804$9,176,404
83$12,683,982$1,802,948$779,597$10,017,522
84$13,914,341$1,827,886$742,307$10,942,214
85$15,268,201$1,852,049$701,771$11,958,968
86$16,758,093$1,875,335$657,816$13,077,137
87$18,397,830$1,897,638$610,264$14,307,025
88$20,202,627$1,918,841$558,927$15,659,992
89$22,189,253$1,938,822$503,609$17,148,555
90$24,376,183$1,957,450$444,105$18,786,507
91$26,783,773$1,974,585$380,203$20,589,050
92$29,434,456$1,990,078$311,678$22,572,938
93$32,352,949$2,003,770$238,297$24,756,632
94$35,566,488$2,015,493$159,818$27,160,479
95$39,105,084$2,025,067$75,987$29,806,902
96$43,001,808$2,032,300$0$32,720,611
97$47,293,100$2,036,990$0$35,930,133
98$52,019,114$2,038,921$0$39,472,057
99$57,224,099$2,037,863$0$43,372,180
100$62,956,811$2,033,573$0$47,666,980