Can I retire at age 54 with 1,100,000?

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 $1,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.1%
1 years$90,837$90,028$89,238$88,468$87,716$86,227
2 years$44,969$44,131$43,320$42,533$41,769$40,274
3 years$29,681$28,840$28,031$27,251$26,500$25,045
4 years$22,039$21,201$20,399$19,633$18,900$17,496
5 years$17,455$16,622$15,831$15,080$14,368$13,019
6 years$14,400$13,573$12,793$12,060$11,369$10,077
7 years$12,219$11,398$10,631$9,915$9,246$8,011
8 years$10,583$9,771$9,016$8,317$7,670$6,492
9 years$9,312$8,507$7,766$7,084$6,459$5,338
10 years$8,296$7,499$6,770$6,107$5,504$4,437
11 years$7,465$6,675$5,960$5,315$4,733$3,721
12 years$6,773$5,992$5,290$4,662$4,102$3,143
13 years$6,188$5,415$4,726$4,116$3,577$2,669
14 years$5,687$4,922$4,246$3,653$3,135$2,277
15 years$5,253$4,496$3,834$3,258$2,761$1,951
16 years$4,873$4,125$3,476$2,917$2,440$1,676
17 years$4,539$3,799$3,163$2,621$2,163$1,445
18 years$4,242$3,510$2,887$2,362$1,924$1,248
19 years$3,977$3,253$2,643$2,135$1,715$1,080
20 years$3,739$3,023$2,426$1,933$1,531$936
21 years$3,523$2,816$2,231$1,755$1,371$813
22 years$3,327$2,629$2,057$1,595$1,228$706
23 years$3,149$2,459$1,899$1,453$1,103$615
24 years$2,986$2,304$1,756$1,325$991$535
25 years$2,836$2,162$1,627$1,210$892$467
26 years$2,698$2,032$1,509$1,106$803$407
27 years$2,570$1,912$1,401$1,013$724$355
28 years$2,452$1,802$1,302$928$654$310
29 years$2,342$1,700$1,212$851$590$271
30 years$2,239$1,605$1,129$781$533$237
31 years$2,143$1,517$1,052$717$482$207
32 years$2,054$1,436$982$659$436$181
33 years$1,970$1,360$917$606$395$159
34 years$1,891$1,289$857$558$357$139
35 years$1,817$1,222$801$513$324$121
36 years$1,747$1,160$749$473$293$106
37 years$1,681$1,102$701$436$266$93
38 years$1,619$1,047$657$402$241$81
39 years$1,560$996$615$370$218$71
40 years$1,504$947$577$342$198$62
41 years$1,451$902$541$315$180$55
42 years$1,400$859$507$291$163$48
43 years$1,353$818$476$268$148$42
44 years$1,307$780$447$248$134$37
45 years$1,264$744$419$229$122$32
46 years$1,222$710$394$211$111$28
47 years$1,183$677$370$195$101$25
48 years$1,145$646$348$180$91$22
49 years$1,109$617$327$167$83$19
50 years$1,074$590$307$154$75$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $1,100,000, adding $4,551 every year, while hoping to spend $45,354 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: 42/39/19 Blend
53$1,100,000$1,100,000$1,100,000$1,100,000
54$1,216,894$1,158,594$1,141,544$1,261,059
55$1,292,761$1,167,109$1,131,530$1,301,307
56$1,374,847$1,174,521$1,119,660$1,340,105
57$1,463,737$1,180,728$1,105,824$1,381,176
58$1,560,076$1,185,622$1,089,907$1,424,753
59$1,664,574$1,189,088$1,071,789$1,471,093
60$1,778,009$1,191,002$1,051,343$1,520,482
61$1,901,241$1,191,236$1,028,438$1,573,237
62$2,035,210$1,189,649$1,002,933$1,629,711
63$2,180,956$1,186,097$974,686$1,690,297
64$2,339,620$1,180,422$943,545$1,755,429
65$2,512,458$1,172,459$909,350$1,825,591
66$2,700,853$1,162,034$871,937$1,901,318
67$2,906,326$1,148,960$831,133$1,983,203
68$3,130,552$1,133,039$786,757$2,071,908
69$3,375,374$1,114,064$738,619$2,168,161
70$3,642,821$1,091,812$686,522$2,272,773
71$3,935,128$1,066,049$630,259$2,386,641
72$4,254,753$1,036,528$569,614$2,510,761
73$4,604,404$1,002,984$504,363$2,646,234
74$4,987,063$965,140$434,269$2,794,279
75$5,406,013$922,702$359,087$2,956,248
76$5,864,870$875,358$278,560$3,133,636
77$6,367,614$822,778$192,419$3,328,100
78$6,918,631$764,614$100,385$3,541,470
79$7,522,750$700,499$2,167$3,775,776
80$8,185,289$630,042$0$4,033,258
81$8,912,106$552,831$0$4,337,208
82$9,709,654$468,433$0$4,671,381
83$10,585,040$376,388$0$5,038,439
84$11,546,093$276,210$0$5,441,805
85$12,601,437$167,387$0$5,885,261
86$13,760,572$49,377$0$6,372,982
87$15,033,963$0$0$6,909,578
88$16,433,139$0$0$7,533,779
89$17,970,800$0$0$8,243,199
90$19,660,940$0$0$9,023,119
91$21,518,973$0$0$9,880,673
92$23,561,883$0$0$10,823,720
93$25,808,381$0$0$11,860,917
94$28,279,082$0$0$13,001,803
95$30,996,700$0$0$14,256,888
96$33,986,259$0$0$15,637,752
97$37,275,331$0$0$17,157,154
98$40,894,297$0$0$18,829,153
99$44,876,629$0$0$20,669,237
100$49,259,209$0$0$22,694,474