Can I retire at age 54 with 1,090,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $1,090,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.2%
1 years$90,011$89,209$88,427$87,664$86,918$85,059
2 years$44,560$43,730$42,926$42,146$41,390$39,526
3 years$29,412$28,578$27,776$27,003$26,259$24,449
4 years$21,839$21,008$20,214$19,454$18,728$16,985
5 years$17,296$16,470$15,687$14,943$14,237$12,566
6 years$14,269$13,449$12,677$11,950$11,265$9,668
7 years$12,108$11,295$10,535$9,825$9,162$7,639
8 years$10,487$9,682$8,934$8,242$7,600$6,151
9 years$9,228$8,430$7,695$7,020$6,401$5,024
10 years$8,220$7,430$6,709$6,051$5,454$4,149
11 years$7,397$6,615$5,906$5,267$4,690$3,455
12 years$6,711$5,937$5,242$4,619$4,065$2,897
13 years$6,131$5,365$4,683$4,078$3,544$2,442
14 years$5,635$4,877$4,208$3,620$3,107$2,069
15 years$5,205$4,455$3,799$3,229$2,736$1,759
16 years$4,829$4,088$3,444$2,891$2,418$1,500
17 years$4,498$3,765$3,134$2,597$2,144$1,282
18 years$4,204$3,479$2,861$2,341$1,906$1,099
19 years$3,941$3,224$2,619$2,115$1,699$943
20 years$3,705$2,996$2,404$1,916$1,518$811
21 years$3,491$2,790$2,211$1,739$1,358$698
22 years$3,297$2,605$2,038$1,581$1,217$602
23 years$3,121$2,436$1,882$1,440$1,093$519
24 years$2,959$2,283$1,740$1,313$982$448
25 years$2,810$2,142$1,612$1,199$884$387
26 years$2,673$2,013$1,495$1,096$796$335
27 years$2,547$1,895$1,388$1,004$718$290
28 years$2,429$1,785$1,290$919$648$251
29 years$2,320$1,684$1,201$843$585$217
30 years$2,219$1,591$1,119$774$528$188
31 years$2,124$1,504$1,043$711$478$163
32 years$2,035$1,423$973$653$432$141
33 years$1,952$1,347$908$601$391$122
34 years$1,874$1,277$849$553$354$106
35 years$1,800$1,211$794$509$321$92
36 years$1,731$1,150$742$469$291$80
37 years$1,666$1,092$695$432$263$69
38 years$1,604$1,038$651$398$239$60
39 years$1,546$987$610$367$217$52
40 years$1,490$939$571$338$196$45
41 years$1,438$894$536$312$178$39
42 years$1,388$851$503$288$162$34
43 years$1,340$811$472$266$147$30
44 years$1,295$773$443$246$133$26
45 years$1,252$737$416$227$121$22
46 years$1,211$703$390$210$110$19
47 years$1,172$671$367$194$100$17
48 years$1,134$641$345$179$91$15
49 years$1,098$612$324$165$82$13
50 years$1,064$584$305$153$75$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $1,090,000, adding $5,980 every year, while hoping to spend $45,199 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: 60/24/16 Blend
53$1,090,000$1,090,000$1,090,000$1,090,000
54$1,207,348$1,149,578$1,132,683$1,274,534
55$1,282,407$1,157,816$1,122,537$1,328,808
56$1,363,606$1,164,943$1,110,536$1,382,425
57$1,451,525$1,170,856$1,096,570$1,439,859
58$1,546,799$1,175,448$1,080,524$1,501,484
59$1,650,130$1,178,601$1,062,278$1,567,713
60$1,762,285$1,180,195$1,041,706$1,639,003
61$1,884,111$1,180,097$1,018,676$1,715,860
62$2,016,538$1,178,170$993,050$1,798,841
63$2,160,591$1,174,266$964,683$1,888,563
64$2,317,395$1,168,229$933,425$1,985,706
65$2,488,191$1,159,894$899,116$2,091,021
66$2,674,343$1,149,085$861,592$2,205,340
67$2,877,351$1,135,616$820,681$2,329,580
68$3,098,869$1,119,288$776,201$2,464,753
69$3,340,713$1,099,894$727,964$2,611,980
70$3,604,888$1,077,210$675,773$2,772,494
71$3,893,596$1,051,003$619,421$2,947,660
72$4,209,264$1,021,023$558,692$3,138,985
73$4,554,563$987,008$493,363$3,348,132
74$4,932,436$948,679$423,198$3,576,936
75$5,346,121$905,741$347,952$3,827,426
76$5,799,185$857,881$267,368$4,101,838
77$6,295,556$804,772$181,179$4,402,643
78$6,839,560$746,062$89,105$4,732,567
79$7,435,960$681,385$0$5,094,619
80$8,090,005$610,349$0$5,493,684
81$8,807,472$532,544$0$5,948,199
82$9,594,729$447,532$0$6,447,035
83$10,458,786$354,856$0$6,994,712
84$11,407,366$254,028$0$7,596,215
85$12,448,978$144,536$0$8,257,039
86$13,592,993$25,838$0$8,983,244
87$14,849,736$0$0$9,781,512
88$16,230,579$0$0$10,686,318
89$17,748,053$0$0$11,688,243
90$19,415,961$0$0$12,789,590
91$21,249,510$0$0$14,000,413
92$23,265,454$0$0$15,331,788
93$25,482,253$0$0$16,795,918
94$27,920,242$0$0$18,406,249
95$30,601,828$0$0$20,177,593
96$33,551,697$0$0$22,126,273
97$36,797,051$0$0$24,270,270
98$40,367,858$0$0$26,629,400
99$44,297,139$0$0$29,225,493
100$48,621,277$0$0$32,082,604