Can I retire at age 54 with 1,140,000?

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 $1,140,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.6%
1 years$94,140$93,302$92,483$91,685$90,905$88,456
2 years$46,604$45,736$44,895$44,079$43,288$40,839
3 years$30,761$29,889$29,050$28,242$27,464$25,090
4 years$22,841$21,972$21,141$20,347$19,587$17,308
5 years$18,090$17,226$16,406$15,628$14,890$12,711
6 years$14,924$14,066$13,259$12,498$11,782$9,705
7 years$12,663$11,813$11,018$10,275$9,582$7,608
8 years$10,968$10,126$9,344$8,620$7,949$6,076
9 years$9,651$8,816$8,048$7,342$6,694$4,921
10 years$8,597$7,771$7,017$6,329$5,704$4,028
11 years$7,736$6,918$6,177$5,508$4,906$3,325
12 years$7,019$6,209$5,482$4,831$4,251$2,763
13 years$6,413$5,612$4,898$4,265$3,707$2,308
14 years$5,893$5,101$4,401$3,786$3,250$1,936
15 years$5,444$4,660$3,973$3,377$2,861$1,630
16 years$5,051$4,275$3,602$3,023$2,529$1,376
17 years$4,704$3,937$3,278$2,717$2,242$1,164
18 years$4,397$3,638$2,992$2,448$1,994$987
19 years$4,122$3,372$2,739$2,212$1,777$839
20 years$3,874$3,133$2,514$2,004$1,587$714
21 years$3,651$2,918$2,313$1,818$1,420$608
22 years$3,448$2,724$2,131$1,653$1,273$518
23 years$3,264$2,548$1,968$1,506$1,143$442
24 years$3,094$2,387$1,820$1,373$1,027$378
25 years$2,939$2,240$1,686$1,254$924$323
26 years$2,796$2,106$1,563$1,147$833$276
27 years$2,664$1,982$1,452$1,050$751$236
28 years$2,541$1,867$1,350$962$677$202
29 years$2,427$1,762$1,256$882$612$173
30 years$2,321$1,664$1,170$809$553$148
31 years$2,221$1,573$1,091$743$500$127
32 years$2,129$1,488$1,018$683$452$109
33 years$2,042$1,409$950$628$409$93
34 years$1,960$1,336$888$578$370$80
35 years$1,883$1,267$830$532$335$68
36 years$1,811$1,202$776$490$304$59
37 years$1,742$1,142$727$451$275$50
38 years$1,678$1,085$681$416$250$43
39 years$1,616$1,032$638$384$226$37
40 years$1,559$982$598$354$205$32
41 years$1,504$935$560$327$186$27
42 years$1,451$890$526$301$169$23
43 years$1,402$848$493$278$153$20
44 years$1,354$808$463$257$139$17
45 years$1,309$771$435$237$126$15
46 years$1,267$735$408$219$115$13
47 years$1,226$702$384$202$104$11
48 years$1,186$670$360$187$95$9
49 years$1,149$640$339$173$86$8
50 years$1,113$611$319$160$78$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $1,140,000, adding $4,417 every year, while hoping to spend $34,239 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: 56/16/28 Blend
53$1,140,000$1,140,000$1,140,000$1,140,000
54$1,260,836$1,200,416$1,182,746$1,321,489
55$1,353,011$1,222,806$1,185,938$1,386,101
56$1,453,441$1,245,146$1,188,089$1,452,536
57$1,562,931$1,267,397$1,189,129$1,524,227
58$1,682,367$1,289,518$1,188,983$1,601,695
59$1,812,727$1,311,462$1,187,572$1,685,511
60$1,955,085$1,333,183$1,184,815$1,776,307
61$2,110,622$1,354,628$1,180,625$1,874,779
62$2,280,643$1,375,742$1,174,913$1,981,696
63$2,466,579$1,396,464$1,167,584$2,097,904
64$2,670,011$1,416,732$1,158,538$2,224,339
65$2,892,675$1,436,475$1,147,673$2,362,032
66$3,136,487$1,455,621$1,134,878$2,512,121
67$3,403,553$1,474,091$1,120,041$2,675,859
68$3,696,195$1,491,801$1,103,042$2,854,631
69$4,016,969$1,508,661$1,083,756$3,049,964
70$4,368,690$1,524,576$1,062,053$3,263,540
71$4,754,460$1,539,444$1,037,795$3,497,218
72$5,177,694$1,553,155$1,010,840$3,753,045
73$5,642,153$1,565,594$981,037$4,033,280
74$6,151,981$1,576,636$948,230$4,340,414
75$6,711,743$1,586,152$912,256$4,677,195
76$7,326,467$1,594,000$872,943$5,046,653
77$8,001,692$1,600,031$830,112$5,452,130
78$8,743,520$1,604,087$783,576$5,897,309
79$9,558,672$1,606,001$733,139$6,386,256
80$10,454,554$1,605,592$678,597$6,923,450
81$11,439,325$1,602,672$619,735$7,513,833
82$12,521,971$1,597,039$556,332$8,162,854
83$13,712,397$1,588,478$488,153$8,876,520
84$15,021,511$1,576,763$414,956$9,661,456
85$16,461,334$1,561,653$336,486$10,524,965
86$18,045,109$1,542,893$252,477$11,475,102
87$19,787,428$1,520,213$162,653$12,520,745
88$21,704,367$1,493,325$66,724$13,671,684
89$23,813,641$1,461,926$0$14,938,712
90$26,134,767$1,425,695$0$16,344,381
91$28,689,250$1,384,291$0$17,913,123
92$31,500,785$1,337,353$0$19,639,546
93$34,595,482$1,284,500$0$21,539,697
94$38,002,109$1,225,328$0$23,631,262
95$41,752,365$1,159,411$0$25,933,729
96$45,881,180$1,086,295$0$28,468,578
97$50,427,041$1,005,504$0$31,259,480
98$55,432,358$916,533$0$34,332,521
99$60,943,863$818,848$0$37,716,449
100$67,013,050$711,884$0$41,442,947