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%15.7%
1 years$95,792$94,938$94,106$93,293$92,500$90,337
2 years$47,422$46,538$45,683$44,853$44,048$41,881
3 years$31,300$30,413$29,560$28,738$27,946$25,843
4 years$23,241$22,357$21,512$20,704$19,931$17,908
5 years$18,407$17,528$16,694$15,902$15,151$13,214
6 years$15,185$14,313$13,491$12,717$11,989$10,139
7 years$12,885$12,020$11,211$10,456$9,750$7,988
8 years$11,161$10,303$9,508$8,771$8,089$6,414
9 years$9,820$8,971$8,189$7,471$6,812$5,223
10 years$8,748$7,908$7,140$6,440$5,804$4,300
11 years$7,872$7,040$6,286$5,605$4,992$3,569
12 years$7,142$6,318$5,578$4,916$4,326$2,983
13 years$6,525$5,710$4,984$4,340$3,772$2,507
14 years$5,997$5,190$4,478$3,853$3,307$2,116
15 years$5,539$4,741$4,043$3,436$2,911$1,792
16 years$5,139$4,350$3,666$3,077$2,573$1,523
17 years$4,787$4,006$3,336$2,764$2,281$1,298
18 years$4,474$3,702$3,045$2,491$2,029$1,108
19 years$4,194$3,431$2,788$2,251$1,808$947
20 years$3,942$3,188$2,558$2,039$1,615$811
21 years$3,715$2,970$2,353$1,850$1,445$696
22 years$3,509$2,772$2,169$1,682$1,295$598
23 years$3,321$2,593$2,002$1,532$1,163$514
24 years$3,149$2,429$1,852$1,397$1,045$442
25 years$2,991$2,280$1,715$1,276$941$380
26 years$2,845$2,143$1,591$1,167$847$327
27 years$2,710$2,016$1,477$1,068$764$282
28 years$2,585$1,900$1,373$979$689$243
29 years$2,469$1,792$1,278$897$622$210
30 years$2,361$1,693$1,190$824$562$181
31 years$2,260$1,600$1,110$756$508$156
32 years$2,166$1,514$1,035$695$460$135
33 years$2,077$1,434$967$639$416$116
34 years$1,994$1,359$903$588$377$100
35 years$1,916$1,289$844$541$341$87
36 years$1,842$1,223$790$499$309$75
37 years$1,773$1,162$739$459$280$65
38 years$1,707$1,104$692$423$254$56
39 years$1,645$1,050$649$390$230$48
40 years$1,586$999$608$360$209$42
41 years$1,530$951$570$332$190$36
42 years$1,477$906$535$307$172$31
43 years$1,426$863$502$283$156$27
44 years$1,378$823$471$261$142$23
45 years$1,332$784$442$241$129$20
46 years$1,289$748$415$223$117$17
47 years$1,247$714$390$206$106$15
48 years$1,207$682$367$190$96$13
49 years$1,169$651$345$176$87$11
50 years$1,133$622$324$163$79$10

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 $2,133 every year, while hoping to spend $45,328 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: 74/15/11 Blend
53$1,160,000$1,160,000$1,160,000$1,160,000
54$1,280,520$1,219,040$1,201,060$1,372,407
55$1,362,905$1,230,545$1,193,067$1,444,854
56$1,452,173$1,241,093$1,183,287$1,518,330
57$1,548,980$1,250,592$1,171,612$1,597,577
58$1,654,044$1,258,940$1,157,930$1,683,153
59$1,768,158$1,266,029$1,142,122$1,775,673
60$1,892,192$1,271,746$1,124,064$1,875,816
61$2,027,103$1,275,969$1,103,628$1,984,327
62$2,173,945$1,278,569$1,080,677$2,102,032
63$2,333,877$1,279,409$1,055,070$2,229,838
64$2,508,176$1,278,343$1,026,658$2,368,746
65$2,698,244$1,275,216$995,285$2,519,858
66$2,905,628$1,269,865$960,790$2,684,391
67$3,132,029$1,262,114$923,003$2,863,686
68$3,379,317$1,251,780$881,745$3,059,219
69$3,649,556$1,238,666$836,832$3,272,621
70$3,945,014$1,222,563$788,069$3,505,686
71$4,268,189$1,203,253$735,254$3,760,396
72$4,621,833$1,180,501$678,173$4,038,932
73$5,008,975$1,154,061$616,607$4,343,702
74$5,432,951$1,123,669$550,323$4,677,357
75$5,897,433$1,089,050$479,080$5,042,823
76$6,406,467$1,049,910$402,626$5,443,325
77$6,964,509$1,005,938$320,696$5,882,416
78$7,576,466$956,806$233,016$6,364,016
79$8,247,742$902,166$139,299$6,892,444
80$8,984,291$841,651$39,244$7,472,464
81$9,792,668$774,871$0$8,109,327
82$10,680,097$701,417$0$8,816,746
83$11,654,534$620,854$0$9,598,608
84$12,724,744$532,723$0$10,457,377
85$13,900,380$436,539$0$11,400,849
86$15,192,080$331,790$0$12,437,617
87$16,611,559$217,934$0$13,577,151
88$18,171,726$94,402$0$14,829,887
89$19,886,803$0$0$16,207,327
90$21,772,457$0$0$17,728,654
91$23,845,950$0$0$19,418,715
92$26,126,298$0$0$21,277,438
93$28,634,457$0$0$23,321,908
94$31,393,510$0$0$25,570,950
95$34,428,895$0$0$28,045,306
96$37,768,636$0$0$30,767,829
97$41,443,613$0$0$33,763,699
98$45,487,849$0$0$37,060,661
99$49,938,831$0$0$40,689,285
100$54,837,868$0$0$44,683,254