Can I retire at age 54 with 1,050,000?

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 $1,050,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.7%
1 years$86,708$85,936$85,182$84,447$83,728$80,470
2 years$42,925$42,125$41,351$40,599$39,871$36,627
3 years$28,332$27,529$26,757$26,012$25,296$22,169
4 years$21,037$20,237$19,472$18,740$18,041$15,056
5 years$16,662$15,866$15,111$14,394$13,715$10,878
6 years$13,745$12,956$12,212$11,511$10,852$8,165
7 years$11,663$10,880$10,148$9,464$8,825$6,288
8 years$10,102$9,326$8,606$7,939$7,322$4,931
9 years$8,889$8,120$7,413$6,762$6,166$3,919
10 years$7,919$7,158$6,463$5,829$5,254$3,146
11 years$7,125$6,372$5,690$5,073$4,518$2,545
12 years$6,465$5,719$5,049$4,450$3,915$2,072
13 years$5,906$5,168$4,511$3,929$3,414$1,694
14 years$5,428$4,698$4,053$3,487$2,993$1,391
15 years$5,014$4,292$3,660$3,110$2,635$1,145
16 years$4,652$3,938$3,318$2,785$2,329$946
17 years$4,333$3,626$3,019$2,502$2,065$782
18 years$4,049$3,351$2,756$2,255$1,836$648
19 years$3,796$3,106$2,523$2,037$1,637$538
20 years$3,569$2,886$2,316$1,845$1,462$447
21 years$3,363$2,688$2,130$1,675$1,308$372
22 years$3,176$2,509$1,963$1,523$1,173$309
23 years$3,006$2,347$1,813$1,387$1,053$258
24 years$2,850$2,199$1,676$1,265$946$215
25 years$2,707$2,063$1,553$1,155$851$179
26 years$2,575$1,939$1,440$1,056$767$149
27 years$2,453$1,825$1,337$967$691$124
28 years$2,340$1,720$1,243$886$624$104
29 years$2,235$1,622$1,157$812$563$87
30 years$2,137$1,532$1,077$745$509$72
31 years$2,046$1,448$1,004$685$460$60
32 years$1,961$1,371$937$629$416$50
33 years$1,880$1,298$875$579$377$42
34 years$1,805$1,230$818$532$341$35
35 years$1,734$1,167$764$490$309$29
36 years$1,668$1,107$715$451$280$25
37 years$1,605$1,052$669$416$254$20
38 years$1,545$1,000$627$383$230$17
39 years$1,489$951$587$353$209$14
40 years$1,436$904$550$326$189$12
41 years$1,385$861$516$301$172$10
42 years$1,337$820$484$278$156$8
43 years$1,291$781$454$256$141$7
44 years$1,248$745$426$237$128$6
45 years$1,206$710$400$218$116$5
46 years$1,167$677$376$202$106$4
47 years$1,129$646$353$186$96$3
48 years$1,093$617$332$172$87$3
49 years$1,058$589$312$159$79$2
50 years$1,025$563$293$147$72$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $1,050,000, adding $4,217 every year, while hoping to spend $25,037 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: 71/11/18 Blend
53$1,050,000$1,050,000$1,050,000$1,050,000
54$1,161,450$1,105,800$1,089,525$1,238,659
55$1,253,279$1,133,345$1,099,385$1,318,119
56$1,353,635$1,161,400$1,108,736$1,401,687
57$1,463,362$1,189,965$1,117,535$1,492,545
58$1,583,388$1,219,037$1,125,735$1,591,411
59$1,714,736$1,248,612$1,133,290$1,699,075
60$1,858,531$1,278,686$1,140,147$1,816,409
61$2,016,014$1,309,254$1,146,255$1,944,372
62$2,188,549$1,340,310$1,151,556$2,084,022
63$2,377,640$1,371,844$1,155,992$2,236,522
64$2,584,943$1,403,848$1,159,502$2,403,156
65$2,812,281$1,436,311$1,162,019$2,585,337
66$3,061,664$1,469,220$1,163,477$2,784,624
67$3,335,304$1,502,562$1,163,803$3,002,732
68$3,635,637$1,536,320$1,162,923$3,241,552
69$3,965,348$1,570,476$1,160,758$3,503,169
70$4,327,395$1,605,010$1,157,224$3,789,877
71$4,725,034$1,639,901$1,152,236$4,104,208
72$5,161,854$1,675,122$1,145,703$4,448,950
73$5,641,809$1,710,648$1,137,529$4,827,173
74$6,169,251$1,746,449$1,127,614$5,242,265
75$6,748,981$1,782,490$1,115,855$5,697,955
76$7,386,282$1,818,738$1,102,142$6,198,354
77$8,086,979$1,855,152$1,086,359$6,747,994
78$8,857,487$1,891,690$1,068,388$7,351,867
79$9,704,874$1,928,306$1,048,103$8,015,475
80$10,636,928$1,964,950$1,025,371$8,744,880
81$11,662,229$2,001,568$1,000,056$9,546,765
82$12,790,232$2,038,100$972,013$10,428,493
83$14,031,352$2,074,483$941,092$11,398,179
84$15,397,067$2,110,650$907,136$12,464,766
85$16,900,023$2,146,526$869,979$13,638,109
86$18,554,151$2,182,033$829,450$14,929,068
87$20,374,807$2,217,084$785,368$16,349,613
88$22,378,905$2,251,589$737,546$17,912,935
89$24,585,086$2,285,450$685,787$19,633,569
90$27,013,889$2,318,561$629,885$21,527,537
91$29,687,946$2,350,810$569,626$23,612,491
92$32,632,193$2,382,077$504,785$25,907,889
93$35,874,110$2,412,232$435,128$28,435,173
94$39,443,975$2,441,138$360,412$31,217,972
95$43,375,154$2,468,647$280,379$34,282,326
96$47,704,412$2,494,603$194,764$37,656,936
97$52,472,262$2,518,838$103,288$41,373,427
98$57,723,345$2,541,173$5,660$45,466,654
99$63,506,854$2,561,419$0$49,975,028
100$69,876,997$2,579,372$0$54,959,802