Can I retire at age 54 with 1,170,000?

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 $1,170,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.8%
1 years$96,618$95,757$94,917$94,098$93,297$92,208
2 years$47,830$46,940$46,076$45,239$44,427$43,331
3 years$31,570$30,676$29,814$28,985$28,187$27,117
4 years$23,442$22,550$21,697$20,882$20,103$19,068
5 years$18,566$17,679$16,838$16,040$15,282$14,286
6 years$15,316$14,436$13,608$12,827$12,092$11,135
7 years$12,996$12,124$11,308$10,546$9,834$8,917
8 years$11,257$10,392$9,590$8,847$8,158$7,281
9 years$9,905$9,048$8,260$7,535$6,870$6,032
10 years$8,824$7,976$7,201$6,496$5,854$5,055
11 years$7,940$7,100$6,340$5,653$5,035$4,273
12 years$7,204$6,373$5,626$4,958$4,363$3,639
13 years$6,581$5,759$5,027$4,378$3,805$3,117
14 years$6,048$5,235$4,517$3,886$3,335$2,683
15 years$5,587$4,782$4,078$3,466$2,936$2,319
16 years$5,184$4,388$3,697$3,103$2,595$2,011
17 years$4,828$4,041$3,364$2,788$2,301$1,749
18 years$4,512$3,734$3,071$2,513$2,046$1,525
19 years$4,230$3,461$2,812$2,270$1,824$1,332
20 years$3,976$3,216$2,580$2,056$1,629$1,166
21 years$3,747$2,995$2,373$1,866$1,458$1,022
22 years$3,539$2,796$2,187$1,697$1,307$897
23 years$3,350$2,615$2,020$1,545$1,173$789
24 years$3,176$2,450$1,868$1,409$1,054$694
25 years$3,016$2,299$1,730$1,287$949$611
26 years$2,869$2,161$1,605$1,177$855$539
27 years$2,734$2,034$1,490$1,077$770$475
28 years$2,608$1,916$1,385$987$695$419
29 years$2,491$1,808$1,289$905$628$370
30 years$2,382$1,707$1,201$831$567$327
31 years$2,280$1,614$1,119$763$513$289
32 years$2,185$1,527$1,044$701$464$255
33 years$2,095$1,446$975$645$420$226
34 years$2,011$1,371$911$593$380$200
35 years$1,933$1,300$852$546$344$177
36 years$1,858$1,234$797$503$312$157
37 years$1,788$1,172$746$463$283$139
38 years$1,722$1,114$698$427$256$123
39 years$1,659$1,059$654$394$232$109
40 years$1,600$1,008$613$363$211$96
41 years$1,543$959$575$335$191$85
42 years$1,490$914$539$309$174$75
43 years$1,439$870$506$286$157$67
44 years$1,390$830$475$264$143$59
45 years$1,344$791$446$243$130$52
46 years$1,300$755$419$225$118$47
47 years$1,258$720$394$208$107$41
48 years$1,218$688$370$192$97$37
49 years$1,179$657$348$177$88$32
50 years$1,142$627$327$164$80$29

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $1,170,000, adding $4,276 every year, while hoping to spend $48,818 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: 34/50/16 Blend
53$1,170,000$1,170,000$1,170,000$1,170,000
54$1,293,751$1,231,741$1,213,606$1,331,188
55$1,373,771$1,240,154$1,202,320$1,367,353
56$1,460,318$1,247,343$1,189,019$1,401,458
57$1,554,004$1,253,197$1,173,585$1,437,187
58$1,655,506$1,257,597$1,155,894$1,474,713
59$1,765,565$1,260,417$1,135,814$1,514,224
60$1,884,998$1,261,523$1,113,209$1,555,935
61$2,014,703$1,260,772$1,087,936$1,600,083
62$2,155,666$1,258,014$1,059,846$1,646,934
63$2,308,975$1,253,087$1,028,781$1,696,787
64$2,475,825$1,245,823$994,580$1,749,971
65$2,657,530$1,236,039$957,069$1,806,858
66$2,855,538$1,223,545$916,071$1,867,859
67$3,071,441$1,208,137$871,398$1,933,434
68$3,306,993$1,189,601$822,854$2,004,094
69$3,564,122$1,167,707$770,236$2,080,409
70$3,844,953$1,142,215$713,329$2,163,013
71$4,151,823$1,112,868$651,910$2,252,611
72$4,487,306$1,079,396$585,747$2,349,986
73$4,854,237$1,041,512$514,595$2,456,010
74$5,255,735$998,912$438,199$2,571,652
75$5,695,236$951,275$356,296$2,697,986
76$6,176,524$898,262$268,606$2,836,205
77$6,703,766$839,513$174,840$2,987,635
78$7,281,549$774,647$74,696$3,153,746
79$7,914,926$703,265$0$3,336,169
80$8,609,464$624,940$0$3,542,204
81$9,371,293$539,225$0$3,782,330
82$10,207,163$445,646$0$4,046,062
83$11,124,511$343,700$0$4,335,923
84$12,131,530$232,861$0$4,654,705
85$13,237,244$112,568$0$5,005,494
86$14,451,591$0$0$5,391,706
87$15,785,522$0$0$5,826,893
88$17,251,101$0$0$6,373,255
89$18,861,615$0$0$6,973,836
90$20,631,705$0$0$7,634,116
91$22,577,499$0$0$8,360,137
92$24,716,768$0$0$9,158,553
93$27,069,087$0$0$10,036,697
94$29,656,026$0$0$11,002,647
95$32,501,348$0$0$12,065,303
96$35,631,236$0$0$13,234,471
97$39,074,538$0$0$14,520,959
98$42,863,036$0$0$15,936,669
99$47,031,753$0$0$17,494,722
100$51,619,275$0$0$19,209,570