Can I retire at age 54 with 1,070,000?

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 $1,070,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11%
1 years$88,360$87,573$86,805$86,055$85,323$84,964
2 years$43,742$42,928$42,138$41,373$40,630$40,267
3 years$28,872$28,054$27,266$26,508$25,777$25,422
4 years$21,438$20,622$19,843$19,097$18,385$18,040
5 years$16,979$16,168$15,399$14,669$13,976$13,643
6 years$14,007$13,203$12,445$11,731$11,059$10,737
7 years$11,885$11,088$10,341$9,644$8,994$8,685
8 years$10,295$9,504$8,770$8,090$7,461$7,164
9 years$9,058$8,275$7,554$6,891$6,283$5,999
10 years$8,070$7,294$6,586$5,940$5,354$5,081
11 years$7,261$6,493$5,798$5,170$4,604$4,343
12 years$6,588$5,828$5,146$4,535$3,990$3,741
13 years$6,019$5,267$4,597$4,003$3,479$3,241
14 years$5,531$4,788$4,131$3,554$3,050$2,823
15 years$5,109$4,373$3,729$3,169$2,685$2,469
16 years$4,741$4,013$3,381$2,838$2,373$2,168
17 years$4,415$3,695$3,077$2,550$2,104$1,909
18 years$4,127$3,415$2,809$2,298$1,871$1,686
19 years$3,869$3,165$2,571$2,076$1,668$1,492
20 years$3,637$2,941$2,360$1,880$1,490$1,323
21 years$3,427$2,739$2,171$1,707$1,333$1,176
22 years$3,237$2,557$2,000$1,552$1,195$1,046
23 years$3,063$2,392$1,847$1,413$1,073$932
24 years$2,904$2,241$1,708$1,289$964$832
25 years$2,759$2,103$1,582$1,177$868$743
26 years$2,624$1,976$1,467$1,076$781$664
27 years$2,500$1,860$1,363$985$705$594
28 years$2,385$1,753$1,267$903$636$532
29 years$2,278$1,653$1,179$828$574$476
30 years$2,178$1,561$1,098$760$519$427
31 years$2,085$1,476$1,024$698$469$383
32 years$1,998$1,397$955$641$424$344
33 years$1,916$1,323$892$590$384$308
34 years$1,840$1,254$833$543$348$277
35 years$1,767$1,189$779$499$315$249
36 years$1,699$1,129$729$460$285$223
37 years$1,635$1,072$682$424$259$201
38 years$1,575$1,019$639$391$234$181
39 years$1,517$969$598$360$213$162
40 years$1,463$922$561$332$193$146
41 years$1,411$877$526$306$175$131
42 years$1,362$835$493$283$159$118
43 years$1,316$796$463$261$144$106
44 years$1,271$759$435$241$131$96
45 years$1,229$724$408$223$119$86
46 years$1,189$690$383$206$108$78
47 years$1,150$659$360$190$98$70
48 years$1,113$629$338$176$89$63
49 years$1,078$600$318$162$81$57
50 years$1,045$574$299$150$73$51

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $1,070,000, adding $4,925 every year, while hoping to spend $38,250 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: 49/44/7 Blend
53$1,070,000$1,070,000$1,070,000$1,070,000
54$1,184,220$1,127,510$1,110,925$1,239,863
55$1,264,313$1,142,060$1,107,443$1,292,958
56$1,351,293$1,156,042$1,102,563$1,346,120
57$1,445,823$1,169,386$1,096,197$1,402,961
58$1,548,631$1,182,020$1,088,253$1,463,832
59$1,660,518$1,193,865$1,078,637$1,529,125
60$1,782,367$1,204,841$1,067,247$1,599,270
61$1,915,147$1,214,856$1,053,978$1,674,742
62$2,059,926$1,223,819$1,038,721$1,756,067
63$2,217,880$1,231,628$1,021,360$1,843,825
64$2,390,303$1,238,176$1,001,774$1,938,657
65$2,578,618$1,243,351$979,837$2,041,269
66$2,784,392$1,247,031$955,418$2,152,445
67$3,009,353$1,249,088$928,377$2,273,046
68$3,255,400$1,249,386$898,570$2,404,024
69$3,524,624$1,247,780$865,846$2,546,433
70$3,819,331$1,244,116$830,047$2,701,434
71$4,142,057$1,238,231$791,007$2,870,310
72$4,495,594$1,229,952$748,554$3,054,477
73$4,883,021$1,219,096$702,507$3,255,498
74$5,307,725$1,205,467$652,676$3,475,099
75$5,773,437$1,188,860$598,866$3,715,187
76$6,284,269$1,169,055$540,869$3,977,865
77$6,844,746$1,145,821$478,470$4,265,455
78$7,459,856$1,118,911$411,444$4,580,520
79$8,135,091$1,088,068$339,557$4,925,890
80$8,876,501$1,053,014$262,563$5,304,686
81$9,690,751$1,013,459$180,206$5,720,356
82$10,585,184$969,094$92,219$6,176,701
83$11,567,887$919,594$0$6,677,920
84$12,647,770$864,613$0$7,228,768
85$13,834,651$803,787$0$7,841,589
86$15,139,342$736,730$0$8,515,151
87$16,573,759$663,034$0$9,255,697
88$18,151,028$582,268$0$10,070,118
89$19,885,612$493,977$0$10,966,013
90$21,793,442$397,681$0$11,951,762
91$23,892,076$292,870$0$13,036,611
92$26,200,855$179,007$0$14,230,758
93$28,741,091$55,527$0$15,545,447
94$31,536,264$0$0$16,993,082
95$34,612,249$0$0$18,625,191
96$37,997,551$0$0$20,451,147
97$41,723,582$0$0$22,461,026
98$45,824,952$0$0$24,673,514
99$50,339,797$0$0$27,109,202
100$55,310,138$0$0$29,790,779