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%15.9%
1 years$97,443$96,575$95,728$94,902$94,095$91,820
2 years$48,239$47,341$46,470$45,626$44,807$42,529
3 years$31,840$30,938$30,069$29,233$28,427$26,217
4 years$23,642$22,743$21,883$21,061$20,275$18,149
5 years$18,725$17,830$16,982$16,177$15,413$13,378
6 years$15,447$14,560$13,724$12,937$12,195$10,254
7 years$13,107$12,227$11,405$10,636$9,918$8,069
8 years$11,353$10,481$9,672$8,922$8,228$6,472
9 years$9,989$9,126$8,331$7,600$6,929$5,264
10 years$8,899$8,044$7,263$6,551$5,904$4,328
11 years$8,008$7,161$6,394$5,701$5,078$3,588
12 years$7,265$6,427$5,675$5,001$4,400$2,995
13 years$6,638$5,808$5,070$4,415$3,837$2,513
14 years$6,100$5,280$4,555$3,919$3,364$2,118
15 years$5,635$4,823$4,113$3,495$2,962$1,792
16 years$5,228$4,425$3,729$3,130$2,617$1,521
17 years$4,869$4,075$3,393$2,812$2,321$1,294
18 years$4,551$3,766$3,097$2,534$2,064$1,103
19 years$4,266$3,490$2,836$2,290$1,839$942
20 years$4,010$3,243$2,602$2,074$1,643$805
21 years$3,779$3,021$2,394$1,882$1,470$690
22 years$3,569$2,820$2,206$1,711$1,318$591
23 years$3,378$2,637$2,037$1,558$1,183$507
24 years$3,203$2,471$1,884$1,421$1,063$436
25 years$3,042$2,319$1,745$1,298$957$374
26 years$2,894$2,179$1,618$1,187$862$322
27 years$2,757$2,051$1,503$1,086$777$277
28 years$2,630$1,933$1,397$995$701$238
29 years$2,512$1,823$1,300$913$633$205
30 years$2,402$1,722$1,211$838$572$177
31 years$2,299$1,628$1,129$769$517$152
32 years$2,203$1,540$1,053$707$468$131
33 years$2,113$1,459$983$650$423$113
34 years$2,029$1,382$919$598$383$97
35 years$1,949$1,311$859$551$347$84
36 years$1,874$1,245$804$507$315$72
37 years$1,803$1,182$752$467$285$62
38 years$1,736$1,123$704$431$258$54
39 years$1,673$1,068$660$397$234$46
40 years$1,613$1,016$619$366$213$40
41 years$1,556$967$580$338$193$35
42 years$1,502$921$544$312$175$30
43 years$1,451$878$511$288$159$26
44 years$1,402$837$479$266$144$22
45 years$1,355$798$450$246$131$19
46 years$1,311$761$423$227$119$16
47 years$1,269$726$397$210$108$14
48 years$1,228$693$373$194$98$12
49 years$1,189$662$351$179$89$11
50 years$1,152$633$330$165$81$9

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 $3,966 every year, while hoping to spend $31,848 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: 72/8/20 Blend
53$1,180,000$1,180,000$1,180,000$1,180,000
54$1,304,451$1,241,911$1,223,621$1,391,803
55$1,403,619$1,268,879$1,230,726$1,477,411
56$1,511,835$1,296,100$1,237,002$1,566,945
57$1,629,987$1,323,555$1,242,387$1,664,202
58$1,759,056$1,351,219$1,246,817$1,769,943
59$1,900,118$1,379,067$1,250,224$1,885,007
60$2,054,360$1,407,071$1,252,536$2,010,318
61$2,223,088$1,435,201$1,253,680$2,146,896
62$2,407,741$1,463,423$1,253,576$2,295,861
63$2,609,902$1,491,703$1,252,142$2,458,452
64$2,831,315$1,520,000$1,249,292$2,636,031
65$3,073,902$1,548,272$1,244,936$2,830,100
66$3,339,777$1,576,474$1,238,978$3,042,313
67$3,631,269$1,604,557$1,231,319$3,274,495
68$3,950,946$1,632,467$1,221,856$3,528,656
69$4,301,632$1,660,147$1,210,477$3,807,009
70$4,686,440$1,687,536$1,197,070$4,111,997
71$5,108,798$1,714,567$1,181,513$4,446,309
72$5,572,484$1,741,170$1,163,683$4,812,910
73$6,081,658$1,767,267$1,143,446$5,215,068
74$6,640,902$1,792,778$1,120,667$5,656,384
75$7,255,265$1,817,615$1,095,199$6,140,826
76$7,930,307$1,841,684$1,066,894$6,672,768
77$8,672,157$1,864,885$1,035,594$7,257,030
78$9,487,564$1,887,111$1,001,133$7,898,926
79$10,383,964$1,908,248$963,339$8,604,311
80$11,369,550$1,928,174$922,033$9,379,637
81$12,453,347$1,946,758$877,024$10,232,017
82$13,645,302$1,963,862$828,118$11,169,288
83$14,956,370$1,979,338$775,107$12,200,091
84$16,398,622$1,993,029$717,776$13,333,944
85$17,985,361$2,004,766$655,901$14,581,342
86$19,731,241$2,014,373$589,246$15,953,849
87$21,652,409$2,021,658$517,567$17,464,210
88$23,766,656$2,026,421$440,607$19,126,473
89$26,093,586$2,028,446$358,098$20,956,117
90$28,654,798$2,027,507$269,761$22,970,205
91$31,474,094$2,023,362$175,305$25,187,541
92$34,577,698$2,015,753$74,424$27,628,848
93$37,994,507$2,004,408$0$30,316,966
94$41,756,362$1,989,040$0$33,284,158
95$45,898,348$1,969,340$0$36,568,484
96$50,459,126$1,944,984$0$40,184,691
97$55,481,297$1,915,628$0$44,166,551
98$61,011,802$1,880,906$0$48,551,280
99$67,102,368$1,840,433$0$53,379,885
100$73,809,994$1,793,798$0$58,697,558