Can I retire at age 54 with 999,000?

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 $999,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.6%
1 years$82,496$81,762$81,045$80,345$79,662$78,797
2 years$40,840$40,079$39,342$38,627$37,934$37,063
3 years$26,956$26,192$25,457$24,749$24,067$23,217
4 years$20,016$19,254$18,526$17,830$17,165$16,343
5 years$15,852$15,095$14,377$13,695$13,048$12,256
6 years$13,078$12,327$11,619$10,952$10,325$9,564
7 years$11,097$10,352$9,655$9,004$8,397$7,667
8 years$9,612$8,873$8,188$7,554$6,966$6,268
9 years$8,457$7,726$7,053$6,434$5,866$5,199
10 years$7,534$6,810$6,149$5,546$4,998$4,362
11 years$6,779$6,063$5,413$4,827$4,299$3,692
12 years$6,151$5,441$4,804$4,234$3,725$3,148
13 years$5,620$4,917$4,292$3,738$3,248$2,700
14 years$5,164$4,470$3,857$3,318$2,848$2,327
15 years$4,770$4,083$3,482$2,959$2,507$2,014
16 years$4,426$3,746$3,157$2,650$2,216$1,749
17 years$4,122$3,450$2,873$2,381$1,965$1,523
18 years$3,853$3,188$2,622$2,145$1,747$1,330
19 years$3,612$2,955$2,401$1,939$1,557$1,164
20 years$3,395$2,746$2,203$1,756$1,391$1,020
21 years$3,200$2,558$2,026$1,593$1,245$896
22 years$3,022$2,387$1,868$1,449$1,116$787
23 years$2,860$2,233$1,725$1,319$1,001$693
24 years$2,712$2,092$1,595$1,203$900$611
25 years$2,576$1,963$1,477$1,099$810$539
26 years$2,450$1,845$1,370$1,005$730$476
27 years$2,334$1,736$1,272$920$658$420
28 years$2,227$1,636$1,183$843$594$371
29 years$2,127$1,544$1,101$773$536$328
30 years$2,034$1,458$1,025$709$484$291
31 years$1,947$1,378$956$651$438$257
32 years$1,865$1,304$892$599$396$228
33 years$1,789$1,235$833$550$358$202
34 years$1,717$1,170$778$507$325$179
35 years$1,650$1,110$727$466$294$158
36 years$1,587$1,054$680$429$266$140
37 years$1,527$1,001$637$396$241$125
38 years$1,470$951$596$365$219$110
39 years$1,417$904$559$336$198$98
40 years$1,366$860$524$310$180$87
41 years$1,318$819$491$286$163$77
42 years$1,272$780$461$264$148$68
43 years$1,228$743$432$244$134$61
44 years$1,187$708$406$225$122$54
45 years$1,147$676$381$208$111$48
46 years$1,110$644$358$192$101$42
47 years$1,074$615$336$177$91$38
48 years$1,040$587$316$164$83$33
49 years$1,007$561$297$151$75$30
50 years$975$536$279$140$68$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $999,000, adding $4,875 every year, while hoping to spend $43,750 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: 74/14/12 Blend
53$999,000$999,000$999,000$999,000
54$1,105,927$1,052,980$1,037,495$1,184,737
55$1,172,181$1,058,026$1,025,701$1,242,500
56$1,243,728$1,061,853$1,012,047$1,299,840
57$1,321,060$1,064,356$996,422$1,361,463
58$1,404,719$1,065,420$978,713$1,427,780
59$1,495,303$1,064,928$958,802$1,499,246
60$1,593,466$1,062,752$936,564$1,576,362
61$1,699,929$1,058,756$911,869$1,659,679
62$1,815,485$1,052,799$884,580$1,749,806
63$1,941,007$1,044,728$854,555$1,847,415
64$2,077,452$1,034,382$821,645$1,953,244
65$2,225,876$1,021,591$785,695$2,068,112
66$2,387,440$1,006,173$746,540$2,192,916
67$2,563,421$987,938$704,011$2,328,651
68$2,755,224$966,682$657,930$2,476,410
69$2,964,398$942,189$608,111$2,637,401
70$3,192,643$914,233$554,359$2,812,954
71$3,441,834$882,572$496,472$3,004,537
72$3,714,035$846,952$434,237$3,213,769
73$4,011,515$807,101$367,433$3,442,436
74$4,336,776$762,736$295,829$3,692,505
75$4,692,571$713,553$219,182$3,966,148
76$5,081,929$659,234$137,242$4,265,758
77$5,508,190$599,441$49,744$4,593,976
78$5,975,029$533,817$0$4,953,711
79$6,486,493$461,984$0$5,353,762
80$7,047,039$383,546$0$5,799,241
81$7,661,578$298,080$0$6,287,713
82$8,335,515$205,142$0$6,823,522
83$9,074,806$104,262$0$7,411,457
84$9,886,010$0$0$8,056,792
85$10,776,353$0$0$8,766,121
86$11,753,792$0$0$9,562,518
87$12,827,096$0$0$10,437,067
88$14,005,920$0$0$11,397,645
89$15,300,905$0$0$12,452,926
90$16,723,768$0$0$13,612,466
91$18,287,422$0$0$14,886,794
92$20,006,091$0$0$16,287,507
93$21,895,444$0$0$17,827,384
94$23,972,746$0$0$19,520,504
95$26,257,018$0$0$21,382,375
96$28,769,216$0$0$23,430,086
97$31,532,428$0$0$25,682,466
98$34,572,094$0$0$28,160,257
99$37,916,242$0$0$30,886,316
100$41,595,753$0$0$33,885,825