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%18.7%
1 years$97,443$96,575$95,728$94,902$94,095$90,792
2 years$48,239$47,341$46,470$45,626$44,807$41,515
3 years$31,840$30,938$30,069$29,233$28,427$25,248
4 years$23,642$22,743$21,883$21,061$20,275$17,233
5 years$18,725$17,830$16,982$16,177$15,413$12,517
6 years$15,447$14,560$13,724$12,937$12,195$9,448
7 years$13,107$12,227$11,405$10,636$9,918$7,318
8 years$11,353$10,481$9,672$8,922$8,228$5,773
9 years$9,989$9,126$8,331$7,600$6,929$4,616
10 years$8,899$8,044$7,263$6,551$5,904$3,729
11 years$8,008$7,161$6,394$5,701$5,078$3,037
12 years$7,265$6,427$5,675$5,001$4,400$2,488
13 years$6,638$5,808$5,070$4,415$3,837$2,049
14 years$6,100$5,280$4,555$3,919$3,364$1,694
15 years$5,635$4,823$4,113$3,495$2,962$1,405
16 years$5,228$4,425$3,729$3,130$2,617$1,168
17 years$4,869$4,075$3,393$2,812$2,321$974
18 years$4,551$3,766$3,097$2,534$2,064$813
19 years$4,266$3,490$2,836$2,290$1,839$680
20 years$4,010$3,243$2,602$2,074$1,643$569
21 years$3,779$3,021$2,394$1,882$1,470$477
22 years$3,569$2,820$2,206$1,711$1,318$400
23 years$3,378$2,637$2,037$1,558$1,183$336
24 years$3,203$2,471$1,884$1,421$1,063$282
25 years$3,042$2,319$1,745$1,298$957$237
26 years$2,894$2,179$1,618$1,187$862$199
27 years$2,757$2,051$1,503$1,086$777$167
28 years$2,630$1,933$1,397$995$701$141
29 years$2,512$1,823$1,300$913$633$119
30 years$2,402$1,722$1,211$838$572$100
31 years$2,299$1,628$1,129$769$517$84
32 years$2,203$1,540$1,053$707$468$71
33 years$2,113$1,459$983$650$423$60
34 years$2,029$1,382$919$598$383$50
35 years$1,949$1,311$859$551$347$42
36 years$1,874$1,245$804$507$315$36
37 years$1,803$1,182$752$467$285$30
38 years$1,736$1,123$704$431$258$25
39 years$1,673$1,068$660$397$234$21
40 years$1,613$1,016$619$366$213$18
41 years$1,556$967$580$338$193$15
42 years$1,502$921$544$312$175$13
43 years$1,451$878$511$288$159$11
44 years$1,402$837$479$266$144$9
45 years$1,355$798$450$246$131$8
46 years$1,311$761$423$227$119$6
47 years$1,269$726$397$210$108$5
48 years$1,228$693$373$194$98$5
49 years$1,189$662$351$179$89$4
50 years$1,152$633$330$165$81$3

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 $4,830 every year, while hoping to spend $41,236 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: 48/32/20 Blend
53$1,180,000$1,180,000$1,180,000$1,180,000
54$1,305,342$1,242,802$1,224,512$1,360,409
55$1,394,612$1,259,825$1,221,659$1,416,239
56$1,491,606$1,276,299$1,217,327$1,472,278
57$1,597,067$1,292,155$1,211,425$1,532,267
58$1,711,815$1,307,318$1,203,855$1,596,594
59$1,836,751$1,321,707$1,194,514$1,665,688
60$1,972,865$1,335,236$1,183,296$1,740,021
61$2,121,249$1,347,815$1,170,089$1,820,118
62$2,283,103$1,359,345$1,154,774$1,906,556
63$2,459,750$1,369,722$1,137,228$1,999,974
64$2,652,643$1,378,837$1,117,324$2,101,079
65$2,863,384$1,386,572$1,094,926$2,210,649
66$3,093,736$1,392,801$1,069,893$2,329,548
67$3,345,640$1,397,391$1,042,078$2,458,725
68$3,621,233$1,400,202$1,011,325$2,599,233
69$3,922,869$1,401,081$977,474$2,752,231
70$4,253,137$1,399,870$940,355$2,919,003
71$4,614,893$1,396,399$899,793$3,100,965
72$5,011,277$1,390,488$855,601$3,299,680
73$5,445,751$1,381,945$807,587$3,516,874
74$5,922,126$1,370,569$755,550$3,754,455
75$6,444,600$1,356,144$699,278$4,014,527
76$7,017,796$1,338,442$638,551$4,299,413
77$7,646,807$1,317,222$573,138$4,611,681
78$8,337,244$1,292,228$502,801$4,954,160
79$9,095,284$1,263,188$427,286$5,329,978
80$9,927,736$1,229,817$346,332$5,742,583
81$10,842,096$1,191,809$259,666$6,195,785
82$11,846,626$1,148,844$167,001$6,693,785
83$12,950,424$1,100,580$68,038$7,241,222
84$14,163,517$1,046,658$0$7,843,212
85$15,496,948$986,696$0$8,513,421
86$16,962,884$920,292$0$9,266,078
87$18,574,731$847,019$0$10,093,595
88$20,347,258$766,428$0$11,003,633
89$22,296,737$678,041$0$12,004,640
90$24,441,096$581,357$0$13,105,927
91$26,800,087$475,842$0$14,317,766
92$29,395,474$360,937$0$15,651,479
93$32,251,236$236,047$0$17,119,551
94$35,393,795$100,546$0$18,735,746
95$38,852,263$0$0$20,515,242
96$42,658,716$0$0$22,491,047
97$46,848,498$0$0$24,704,952
98$51,460,553$0$0$27,142,150
99$56,537,793$0$0$29,825,337
100$62,127,503$0$0$32,779,521