Can I retire at age 54 with 986,000?

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 $986,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.9%
1 years$81,423$80,698$79,990$79,299$78,625$77,354
2 years$40,308$39,558$38,830$38,125$37,440$36,164
3 years$26,605$25,851$25,126$24,427$23,754$22,511
4 years$19,755$19,004$18,285$17,598$16,941$15,742
5 years$15,646$14,899$14,190$13,517$12,879$11,726
6 years$12,908$12,166$11,468$10,810$10,190$9,086
7 years$10,952$10,217$9,530$8,887$8,288$7,231
8 years$9,487$8,758$8,082$7,455$6,875$5,867
9 years$8,347$7,625$6,961$6,350$5,790$4,830
10 years$7,436$6,721$6,069$5,474$4,933$4,020
11 years$6,691$5,984$5,343$4,764$4,243$3,375
12 years$6,071$5,371$4,742$4,179$3,677$2,854
13 years$5,546$4,853$4,236$3,689$3,206$2,427
14 years$5,097$4,412$3,806$3,275$2,811$2,074
15 years$4,708$4,030$3,437$2,921$2,475$1,779
16 years$4,368$3,698$3,116$2,615$2,187$1,531
17 years$4,069$3,405$2,835$2,350$1,939$1,321
18 years$3,803$3,147$2,588$2,117$1,724$1,143
19 years$3,565$2,916$2,369$1,913$1,537$990
20 years$3,351$2,710$2,174$1,733$1,373$860
21 years$3,158$2,524$2,000$1,573$1,228$748
22 years$2,983$2,356$1,843$1,430$1,101$651
23 years$2,823$2,204$1,702$1,302$988$567
24 years$2,676$2,065$1,574$1,188$888$495
25 years$2,542$1,938$1,458$1,085$799$432
26 years$2,418$1,821$1,352$992$720$377
27 years$2,304$1,714$1,256$908$649$330
28 years$2,198$1,615$1,167$832$586$289
29 years$2,099$1,524$1,086$763$529$253
30 years$2,007$1,439$1,012$700$478$221
31 years$1,921$1,360$943$643$432$194
32 years$1,841$1,287$880$591$391$170
33 years$1,766$1,219$822$543$354$149
34 years$1,695$1,155$768$500$320$130
35 years$1,629$1,096$718$460$290$114
36 years$1,566$1,040$672$424$263$100
37 years$1,507$988$629$391$238$88
38 years$1,451$939$589$360$216$77
39 years$1,398$893$551$332$196$68
40 years$1,348$849$517$306$178$59
41 years$1,300$808$485$282$161$52
42 years$1,255$770$455$261$146$46
43 years$1,212$734$427$241$133$40
44 years$1,172$699$400$222$120$35
45 years$1,133$667$376$205$109$31
46 years$1,095$636$353$190$99$27
47 years$1,060$607$332$175$90$24
48 years$1,026$579$312$162$82$21
49 years$994$553$293$150$74$18
50 years$963$529$276$138$68$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $986,000, adding $3,721 every year, while hoping to spend $58,196 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: 87/8/5 Blend
53$986,000$986,000$986,000$986,000
54$1,090,410$1,038,152$1,022,869$1,185,036
55$1,139,712$1,027,102$995,215$1,236,151
56$1,192,092$1,013,559$964,684$1,283,839
57$1,247,803$997,341$931,119$1,334,346
58$1,307,121$978,253$894,353$1,387,911
59$1,370,349$956,089$854,216$1,444,798
60$1,437,818$930,630$810,526$1,505,297
61$1,509,891$901,647$763,094$1,569,728
62$1,586,966$868,894$711,724$1,638,442
63$1,669,480$832,113$656,210$1,711,824
64$1,757,910$791,030$596,336$1,790,299
65$1,852,782$745,355$531,878$1,874,336
66$1,954,670$694,782$462,601$1,964,448
67$2,064,208$638,988$388,259$2,061,201
68$2,182,089$577,630$308,598$2,165,219
69$2,309,075$510,347$223,348$2,277,189
70$2,446,002$436,755$132,232$2,397,867
71$2,593,790$356,452$34,957$2,528,084
72$2,753,448$269,010$0$2,668,759
73$2,926,087$173,979$0$2,824,574
74$3,112,927$70,883$0$2,995,198
75$3,315,308$0$0$3,180,008
76$3,534,706$0$0$3,383,963
77$3,772,740$0$0$3,612,022
78$4,031,196$0$0$3,859,655
79$4,312,033$0$0$4,128,740
80$4,617,410$0$0$4,421,348
81$4,949,700$0$0$4,739,753
82$5,311,515$0$0$5,086,459
83$5,705,729$0$0$5,464,222
84$6,135,505$0$0$5,876,074
85$6,604,323$0$0$6,325,351
86$7,116,015$0$0$6,815,726
87$7,674,798$0$0$7,351,244
88$8,285,315$0$0$7,936,354
89$8,952,678$0$0$8,575,956
90$9,682,512$0$0$9,275,447
91$10,481,014$0$0$10,040,764
92$11,355,006$0$0$10,878,450
93$12,312,001$0$0$11,795,705
94$13,360,270$0$0$12,800,462
95$14,508,926$0$0$13,901,454
96$15,768,000$0$0$15,108,301
97$17,148,544$0$0$16,431,596
98$18,662,727$0$0$17,883,008
99$20,323,956$0$0$19,475,389
100$22,146,995$0$0$21,222,895