Can I retire at age 54 with 1,180,000?

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 $1,180,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.2%
1 years$97,443$96,575$95,728$94,902$94,095$90,974
2 years$48,239$47,341$46,470$45,626$44,807$41,693
3 years$31,840$30,938$30,069$29,233$28,427$25,418
4 years$23,642$22,743$21,883$21,061$20,275$17,393
5 years$18,725$17,830$16,982$16,177$15,413$12,666
6 years$15,447$14,560$13,724$12,937$12,195$9,587
7 years$13,107$12,227$11,405$10,636$9,918$7,447
8 years$11,353$10,481$9,672$8,922$8,228$5,892
9 years$9,989$9,126$8,331$7,600$6,929$4,726
10 years$8,899$8,044$7,263$6,551$5,904$3,830
11 years$8,008$7,161$6,394$5,701$5,078$3,129
12 years$7,265$6,427$5,675$5,001$4,400$2,572
13 years$6,638$5,808$5,070$4,415$3,837$2,125
14 years$6,100$5,280$4,555$3,919$3,364$1,763
15 years$5,635$4,823$4,113$3,495$2,962$1,468
16 years$5,228$4,425$3,729$3,130$2,617$1,225
17 years$4,869$4,075$3,393$2,812$2,321$1,025
18 years$4,551$3,766$3,097$2,534$2,064$859
19 years$4,266$3,490$2,836$2,290$1,839$721
20 years$4,010$3,243$2,602$2,074$1,643$606
21 years$3,779$3,021$2,394$1,882$1,470$510
22 years$3,569$2,820$2,206$1,711$1,318$429
23 years$3,378$2,637$2,037$1,558$1,183$362
24 years$3,203$2,471$1,884$1,421$1,063$305
25 years$3,042$2,319$1,745$1,298$957$257
26 years$2,894$2,179$1,618$1,187$862$217
27 years$2,757$2,051$1,503$1,086$777$183
28 years$2,630$1,933$1,397$995$701$155
29 years$2,512$1,823$1,300$913$633$131
30 years$2,402$1,722$1,211$838$572$110
31 years$2,299$1,628$1,129$769$517$93
32 years$2,203$1,540$1,053$707$468$79
33 years$2,113$1,459$983$650$423$67
34 years$2,029$1,382$919$598$383$56
35 years$1,949$1,311$859$551$347$48
36 years$1,874$1,245$804$507$315$40
37 years$1,803$1,182$752$467$285$34
38 years$1,736$1,123$704$431$258$29
39 years$1,673$1,068$660$397$234$24
40 years$1,613$1,016$619$366$213$21
41 years$1,556$967$580$338$193$17
42 years$1,502$921$544$312$175$15
43 years$1,451$878$511$288$159$12
44 years$1,402$837$479$266$144$11
45 years$1,355$798$450$246$131$9
46 years$1,311$761$423$227$119$8
47 years$1,269$726$397$210$108$6
48 years$1,228$693$373$194$98$5
49 years$1,189$662$351$179$89$5
50 years$1,152$633$330$165$81$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $1,180,000, adding $6,328 every year, while hoping to spend $37,826 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: 65/11/24 Blend
53$1,180,000$1,180,000$1,180,000$1,180,000
54$1,306,887$1,244,347$1,226,057$1,383,299
55$1,399,943$1,265,074$1,226,884$1,456,281
56$1,501,223$1,285,548$1,226,470$1,531,189
57$1,611,526$1,305,718$1,224,735$1,612,200
58$1,731,731$1,325,527$1,221,592$1,699,917
59$1,862,805$1,344,916$1,216,953$1,795,003
60$2,005,813$1,363,819$1,210,724$1,898,190
61$2,161,928$1,382,168$1,202,805$2,010,287
62$2,332,440$1,399,889$1,193,094$2,132,182
63$2,518,769$1,416,904$1,181,482$2,264,858
64$2,722,478$1,433,127$1,167,857$2,409,397
65$2,945,290$1,448,469$1,152,100$2,566,993
66$3,189,100$1,462,835$1,134,085$2,738,961
67$3,455,995$1,476,121$1,113,684$2,926,753
68$3,748,275$1,488,219$1,090,760$3,131,969
69$4,068,469$1,499,012$1,065,171$3,356,374
70$4,419,366$1,508,377$1,036,768$3,601,913
71$4,804,036$1,516,182$1,005,394$3,870,732
72$5,225,860$1,522,287$970,887$4,165,196
73$5,688,563$1,526,544$933,077$4,487,913
74$6,196,245$1,528,793$891,783$4,841,760
75$6,753,425$1,528,867$846,822$5,229,907
76$7,365,081$1,526,588$797,996$5,655,850
77$8,036,694$1,521,765$745,104$6,123,444
78$8,774,303$1,514,198$687,931$6,636,939
79$9,584,561$1,503,673$626,256$7,201,021
80$10,474,796$1,489,963$559,846$7,820,855
81$11,453,083$1,472,829$488,458$8,502,138
82$12,528,316$1,452,016$411,840$9,251,147
83$13,710,293$1,427,254$329,726$10,074,806
84$15,009,811$1,398,258$241,840$10,980,746
85$16,438,764$1,364,724$147,893$11,977,382
86$18,010,255$1,326,332$47,584$13,073,986
87$19,738,722$1,282,744$0$14,280,786
88$21,640,073$1,233,600$0$15,624,279
89$23,731,834$1,178,519$0$17,115,657
90$26,033,315$1,117,101$0$18,756,509
91$28,565,793$1,048,919$0$20,562,024
92$31,352,712$973,525$0$22,548,943
93$34,419,904$890,442$0$24,735,712
94$37,795,828$799,168$0$27,142,662
95$41,511,848$699,173$0$29,792,193
96$45,602,518$589,894$0$32,708,993
97$50,105,916$470,739$0$35,920,266
98$55,063,996$341,082$0$39,455,993
99$60,522,989$200,260$0$43,349,210
100$66,533,837$47,577$0$47,636,328