Can I retire at age 54 with 1,160,000?

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 $1,160,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.5%
1 years$95,792$94,938$94,106$93,293$92,500$91,155
2 years$47,422$46,538$45,683$44,853$44,048$42,696
3 years$31,300$30,413$29,560$28,738$27,946$26,629
4 years$23,241$22,357$21,512$20,704$19,931$18,659
5 years$18,407$17,528$16,694$15,902$15,151$13,928
6 years$15,185$14,313$13,491$12,717$11,989$10,815
7 years$12,885$12,020$11,211$10,456$9,750$8,627
8 years$11,161$10,303$9,508$8,771$8,089$7,016
9 years$9,820$8,971$8,189$7,471$6,812$5,789
10 years$8,748$7,908$7,140$6,440$5,804$4,830
11 years$7,872$7,040$6,286$5,605$4,992$4,066
12 years$7,142$6,318$5,578$4,916$4,326$3,447
13 years$6,525$5,710$4,984$4,340$3,772$2,939
14 years$5,997$5,190$4,478$3,853$3,307$2,518
15 years$5,539$4,741$4,043$3,436$2,911$2,166
16 years$5,139$4,350$3,666$3,077$2,573$1,869
17 years$4,787$4,006$3,336$2,764$2,281$1,617
18 years$4,474$3,702$3,045$2,491$2,029$1,403
19 years$4,194$3,431$2,788$2,251$1,808$1,220
20 years$3,942$3,188$2,558$2,039$1,615$1,062
21 years$3,715$2,970$2,353$1,850$1,445$926
22 years$3,509$2,772$2,169$1,682$1,295$809
23 years$3,321$2,593$2,002$1,532$1,163$707
24 years$3,149$2,429$1,852$1,397$1,045$619
25 years$2,991$2,280$1,715$1,276$941$542
26 years$2,845$2,143$1,591$1,167$847$475
27 years$2,710$2,016$1,477$1,068$764$417
28 years$2,585$1,900$1,373$979$689$366
29 years$2,469$1,792$1,278$897$622$321
30 years$2,361$1,693$1,190$824$562$282
31 years$2,260$1,600$1,110$756$508$248
32 years$2,166$1,514$1,035$695$460$218
33 years$2,077$1,434$967$639$416$191
34 years$1,994$1,359$903$588$377$168
35 years$1,916$1,289$844$541$341$148
36 years$1,842$1,223$790$499$309$130
37 years$1,773$1,162$739$459$280$115
38 years$1,707$1,104$692$423$254$101
39 years$1,645$1,050$649$390$230$89
40 years$1,586$999$608$360$209$78
41 years$1,530$951$570$332$190$69
42 years$1,477$906$535$307$172$61
43 years$1,426$863$502$283$156$53
44 years$1,378$823$471$261$142$47
45 years$1,332$784$442$241$129$41
46 years$1,289$748$415$223$117$36
47 years$1,247$714$390$206$106$32
48 years$1,207$682$367$190$96$28
49 years$1,169$651$345$176$87$25
50 years$1,133$622$324$163$79$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $1,160,000, adding $3,351 every year, while hoping to spend $22,792 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: 66/17/17 Blend
53$1,160,000$1,160,000$1,160,000$1,160,000
54$1,281,777$1,220,297$1,202,317$1,360,837
55$1,388,267$1,255,841$1,218,344$1,449,698
56$1,504,856$1,292,362$1,234,144$1,543,847
57$1,632,549$1,329,886$1,249,685$1,646,206
58$1,772,454$1,368,435$1,264,935$1,757,582
59$1,925,791$1,408,035$1,279,856$1,878,859
60$2,093,903$1,448,710$1,294,413$2,011,012
61$2,278,271$1,490,487$1,308,566$2,155,115
62$2,480,524$1,533,390$1,322,272$2,312,352
63$2,702,458$1,577,447$1,335,489$2,484,025
64$2,946,050$1,622,683$1,348,169$2,671,569
65$3,213,479$1,669,126$1,360,264$2,876,564
66$3,507,144$1,716,803$1,371,723$3,100,753
67$3,829,688$1,765,742$1,382,491$3,346,052
68$4,184,023$1,815,971$1,392,512$3,614,575
69$4,573,357$1,867,517$1,401,725$3,908,650
70$5,001,225$1,920,410$1,410,068$4,230,840
71$5,471,518$1,974,679$1,417,473$4,583,972
72$5,988,526$2,030,351$1,423,872$4,971,157
73$6,556,975$2,087,458$1,429,191$5,395,825
74$7,182,071$2,146,028$1,433,354$5,861,754
75$7,869,550$2,206,091$1,436,278$6,373,108
76$8,625,731$2,267,676$1,437,881$6,934,473
77$9,457,577$2,330,814$1,438,071$7,550,904
78$10,372,761$2,395,534$1,436,757$8,227,969
79$11,379,734$2,461,867$1,433,840$8,971,804
80$12,487,810$2,529,842$1,429,217$9,789,170
81$13,707,252$2,599,489$1,422,781$10,687,519
82$15,049,365$2,670,838$1,414,418$11,675,058
83$16,526,610$2,743,918$1,404,010$12,760,835
84$18,152,712$2,818,759$1,391,433$13,954,817
85$19,942,800$2,895,389$1,376,557$15,267,988
86$21,913,540$2,973,837$1,359,246$16,712,452
87$24,083,297$3,054,131$1,339,357$18,301,547
88$26,472,308$3,136,299$1,316,741$20,049,970
89$29,102,873$3,220,367$1,291,241$21,973,917
90$31,999,563$3,306,362$1,262,694$24,091,236
91$35,189,453$3,394,309$1,230,929$26,421,593
92$38,702,380$3,484,232$1,195,767$28,986,663
93$42,571,218$3,576,154$1,157,021$31,810,327
94$46,832,195$3,670,099$1,114,494$34,918,904
95$51,525,231$3,766,086$1,067,982$38,341,397
96$56,694,316$3,864,136$1,017,271$42,109,766
97$62,387,923$3,964,265$962,136$46,259,231
98$68,659,468$4,066,491$902,345$50,828,605
99$75,567,812$4,170,827$837,651$55,860,657
100$83,177,817$4,277,285$767,800$61,402,521