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

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 $1,150,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.3%
1 years$94,966$94,120$93,295$92,489$91,703$88,273
2 years$47,013$46,137$45,289$44,466$43,668$40,252
3 years$31,031$30,151$29,305$28,490$27,705$24,410
4 years$23,041$22,164$21,326$20,525$19,759$16,611
5 years$18,248$17,377$16,550$15,765$15,021$12,027
6 years$15,055$14,190$13,375$12,608$11,885$9,048
7 years$12,774$11,916$11,115$10,365$9,666$6,984
8 years$11,064$10,215$9,426$8,695$8,019$5,490
9 years$9,735$8,894$8,119$7,407$6,753$4,374
10 years$8,673$7,839$7,078$6,384$5,754$3,520
11 years$7,804$6,979$6,231$5,556$4,949$2,855
12 years$7,081$6,264$5,530$4,874$4,288$2,330
13 years$6,469$5,661$4,941$4,303$3,739$1,911
14 years$5,945$5,145$4,439$3,820$3,278$1,573
15 years$5,491$4,700$4,008$3,406$2,886$1,299
16 years$5,095$4,313$3,634$3,050$2,551$1,076
17 years$4,745$3,972$3,307$2,740$2,262$893
18 years$4,435$3,670$3,019$2,470$2,011$742
19 years$4,158$3,401$2,763$2,232$1,792$618
20 years$3,908$3,161$2,536$2,021$1,601$515
21 years$3,683$2,944$2,333$1,834$1,433$429
22 years$3,479$2,748$2,150$1,668$1,284$358
23 years$3,292$2,570$1,985$1,519$1,153$299
24 years$3,122$2,408$1,836$1,385$1,036$250
25 years$2,965$2,260$1,700$1,265$932$209
26 years$2,820$2,124$1,577$1,157$840$175
27 years$2,687$1,999$1,464$1,059$757$146
28 years$2,563$1,884$1,361$970$683$123
29 years$2,448$1,777$1,267$890$617$103
30 years$2,341$1,678$1,180$816$557$86
31 years$2,241$1,586$1,100$750$504$72
32 years$2,147$1,501$1,026$689$456$60
33 years$2,059$1,422$958$634$413$51
34 years$1,977$1,347$895$583$374$42
35 years$1,900$1,278$837$537$338$35
36 years$1,826$1,213$783$494$307$30
37 years$1,758$1,152$733$455$278$25
38 years$1,692$1,095$686$420$252$21
39 years$1,631$1,041$643$387$228$17
40 years$1,572$990$603$357$207$15
41 years$1,517$943$565$329$188$12
42 years$1,464$898$530$304$171$10
43 years$1,414$856$498$281$155$9
44 years$1,366$816$467$259$141$7
45 years$1,321$778$439$239$128$6
46 years$1,278$742$412$221$116$5
47 years$1,236$708$387$204$105$4
48 years$1,197$676$364$189$96$4
49 years$1,159$645$342$174$87$3
50 years$1,123$617$321$161$79$3

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 $2,851 every year, while hoping to spend $45,293 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: 48/39/13 Blend
53$1,150,000$1,150,000$1,150,000$1,150,000
54$1,270,241$1,209,291$1,191,466$1,326,506
55$1,351,614$1,220,355$1,183,189$1,376,667
56$1,439,769$1,230,443$1,173,116$1,426,181
57$1,535,350$1,239,459$1,161,140$1,478,933
58$1,639,066$1,247,302$1,147,148$1,535,240
59$1,751,694$1,253,863$1,131,021$1,595,454
60$1,874,092$1,259,028$1,112,635$1,659,964
61$2,007,201$1,262,672$1,091,860$1,729,202
62$2,152,060$1,264,667$1,068,562$1,803,644
63$2,309,807$1,264,873$1,042,596$1,883,819
64$2,481,700$1,263,144$1,013,815$1,970,310
65$2,669,119$1,259,324$982,063$2,063,764
66$2,873,584$1,253,246$947,178$2,164,894
67$3,096,770$1,244,735$908,989$2,274,492
68$3,340,518$1,233,605$867,317$2,393,433
69$3,606,857$1,219,658$821,978$2,522,682
70$3,898,019$1,202,683$772,777$2,663,310
71$4,216,462$1,182,460$719,510$2,816,498
72$4,564,893$1,158,752$661,966$2,983,555
73$4,946,292$1,131,311$599,922$3,165,923
74$5,363,940$1,099,872$533,146$3,365,201
75$5,821,453$1,064,157$461,397$3,583,154
76$6,322,809$1,023,868$384,421$3,821,731
77$6,872,391$978,694$301,956$4,083,088
78$7,475,028$928,302$213,724$4,369,606
79$8,136,036$872,344$119,439$4,683,917
80$8,861,271$810,448$18,799$5,028,925
81$9,657,184$742,224$0$5,407,841
82$10,530,880$667,256$0$5,836,500
83$11,490,185$585,107$0$6,310,109
84$12,543,723$495,316$0$6,830,430
85$13,700,989$397,393$0$7,402,286
86$14,972,448$290,824$0$8,030,999
87$16,369,625$175,062$0$8,722,445
88$17,905,219$49,532$0$9,483,103
89$19,593,219$0$0$10,320,126
90$21,449,038$0$0$11,278,471
91$23,489,656$0$0$12,355,758
92$25,733,780$0$0$13,540,626
93$28,202,022$0$0$14,843,975
94$30,917,092$0$0$16,277,815
95$33,904,011$0$0$17,855,379
96$37,190,347$0$0$19,591,247
97$40,806,475$0$0$21,501,484
98$44,785,864$0$0$23,603,791
99$49,165,390$0$0$25,917,671
100$53,985,686$0$0$28,464,616