Can I retire at age 54 with 1,150,000?

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 $1,150,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.8%
1 years$94,966$94,120$93,295$92,489$91,703$89,160
2 years$47,013$46,137$45,289$44,466$43,668$41,126
3 years$31,031$30,151$29,305$28,490$27,705$25,242
4 years$23,041$22,164$21,326$20,525$19,759$17,395
5 years$18,248$17,377$16,550$15,765$15,021$12,761
6 years$15,055$14,190$13,375$12,608$11,885$9,733
7 years$12,774$11,916$11,115$10,365$9,666$7,621
8 years$11,064$10,215$9,426$8,695$8,019$6,080
9 years$9,735$8,894$8,119$7,407$6,753$4,918
10 years$8,673$7,839$7,078$6,384$5,754$4,021
11 years$7,804$6,979$6,231$5,556$4,949$3,315
12 years$7,081$6,264$5,530$4,874$4,288$2,750
13 years$6,469$5,661$4,941$4,303$3,739$2,294
14 years$5,945$5,145$4,439$3,820$3,278$1,922
15 years$5,491$4,700$4,008$3,406$2,886$1,616
16 years$5,095$4,313$3,634$3,050$2,551$1,362
17 years$4,745$3,972$3,307$2,740$2,262$1,151
18 years$4,435$3,670$3,019$2,470$2,011$975
19 years$4,158$3,401$2,763$2,232$1,792$827
20 years$3,908$3,161$2,536$2,021$1,601$702
21 years$3,683$2,944$2,333$1,834$1,433$597
22 years$3,479$2,748$2,150$1,668$1,284$508
23 years$3,292$2,570$1,985$1,519$1,153$433
24 years$3,122$2,408$1,836$1,385$1,036$369
25 years$2,965$2,260$1,700$1,265$932$315
26 years$2,820$2,124$1,577$1,157$840$269
27 years$2,687$1,999$1,464$1,059$757$230
28 years$2,563$1,884$1,361$970$683$196
29 years$2,448$1,777$1,267$890$617$168
30 years$2,341$1,678$1,180$816$557$143
31 years$2,241$1,586$1,100$750$504$123
32 years$2,147$1,501$1,026$689$456$105
33 years$2,059$1,422$958$634$413$90
34 years$1,977$1,347$895$583$374$77
35 years$1,900$1,278$837$537$338$66
36 years$1,826$1,213$783$494$307$56
37 years$1,758$1,152$733$455$278$48
38 years$1,692$1,095$686$420$252$41
39 years$1,631$1,041$643$387$228$35
40 years$1,572$990$603$357$207$30
41 years$1,517$943$565$329$188$26
42 years$1,464$898$530$304$171$22
43 years$1,414$856$498$281$155$19
44 years$1,366$816$467$259$141$16
45 years$1,321$778$439$239$128$14
46 years$1,278$742$412$221$116$12
47 years$1,236$708$387$204$105$10
48 years$1,197$676$364$189$96$9
49 years$1,159$645$342$174$87$7
50 years$1,123$617$321$161$79$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $1,150,000, adding $2,597 every year, while hoping to spend $43,983 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: 36/40/24 Blend
53$1,150,000$1,150,000$1,150,000$1,150,000
54$1,269,979$1,209,029$1,191,204$1,306,428
55$1,352,719$1,221,474$1,184,312$1,345,950
56$1,442,425$1,233,054$1,175,714$1,384,359
57$1,539,760$1,243,682$1,165,308$1,424,950
58$1,645,455$1,253,261$1,152,986$1,467,945
59$1,760,312$1,261,692$1,138,632$1,513,593
60$1,885,217$1,268,868$1,122,129$1,562,170
61$2,021,140$1,274,674$1,103,351$1,613,983
62$2,169,152$1,278,988$1,082,169$1,669,373
63$2,330,430$1,281,683$1,058,446$1,728,719
64$2,506,268$1,282,620$1,032,039$1,792,443
65$2,698,094$1,281,655$1,002,798$1,861,011
66$2,907,475$1,278,632$970,568$1,934,943
67$3,136,140$1,273,387$935,184$2,014,816
68$3,385,990$1,265,747$896,476$2,101,267
69$3,659,119$1,255,526$854,266$2,195,006
70$3,957,830$1,242,528$808,366$2,296,818
71$4,284,664$1,226,547$758,581$2,407,576
72$4,642,413$1,207,361$704,706$2,528,245
73$5,034,155$1,184,737$646,530$2,659,895
74$5,463,278$1,158,429$583,828$2,803,711
75$5,933,515$1,128,174$516,369$2,961,006
76$6,448,974$1,093,696$443,908$3,133,236
77$7,014,183$1,054,701$366,193$3,322,009
78$7,634,127$1,010,879$282,958$3,529,107
79$8,314,297$961,901$193,926$3,756,503
80$9,060,742$907,420$98,808$4,006,379
81$9,880,122$847,068$0$4,281,149
82$10,779,778$780,458$0$4,584,175
83$11,767,793$707,178$0$4,944,766
84$12,853,073$626,794$0$5,340,944
85$14,045,427$538,848$0$5,776,407
86$15,355,664$442,855$0$6,255,239
87$16,795,690$338,303$0$6,781,948
88$18,378,621$224,651$0$7,361,510
89$20,118,909$101,327$0$7,999,417
90$22,032,475$0$0$8,701,732
91$24,136,860$0$0$9,489,350
92$26,451,390$0$0$10,404,854
93$28,997,358$0$0$11,412,089
94$31,798,225$0$0$12,520,359
95$34,879,838$0$0$13,739,916
96$38,270,680$0$0$15,082,055
97$42,002,130$0$0$16,559,224
98$46,108,764$0$0$18,185,137
99$50,628,682$0$0$19,974,904
100$55,603,861$0$0$21,945,176