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

Use the below retirement simulation to view the chances of a successful retirement.
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%19%
1 years$97,443$96,575$95,728$94,902$94,095$90,684
2 years$48,239$47,341$46,470$45,626$44,807$41,408
3 years$31,840$30,938$30,069$29,233$28,427$25,147
4 years$23,642$22,743$21,883$21,061$20,275$17,138
5 years$18,725$17,830$16,982$16,177$15,413$12,428
6 years$15,447$14,560$13,724$12,937$12,195$9,365
7 years$13,107$12,227$11,405$10,636$9,918$7,242
8 years$11,353$10,481$9,672$8,922$8,228$5,703
9 years$9,989$9,126$8,331$7,600$6,929$4,552
10 years$8,899$8,044$7,263$6,551$5,904$3,670
11 years$8,008$7,161$6,394$5,701$5,078$2,983
12 years$7,265$6,427$5,675$5,001$4,400$2,439
13 years$6,638$5,808$5,070$4,415$3,837$2,004
14 years$6,100$5,280$4,555$3,919$3,364$1,654
15 years$5,635$4,823$4,113$3,495$2,962$1,369
16 years$5,228$4,425$3,729$3,130$2,617$1,136
17 years$4,869$4,075$3,393$2,812$2,321$944
18 years$4,551$3,766$3,097$2,534$2,064$787
19 years$4,266$3,490$2,836$2,290$1,839$656
20 years$4,010$3,243$2,602$2,074$1,643$548
21 years$3,779$3,021$2,394$1,882$1,470$458
22 years$3,569$2,820$2,206$1,711$1,318$384
23 years$3,378$2,637$2,037$1,558$1,183$321
24 years$3,203$2,471$1,884$1,421$1,063$269
25 years$3,042$2,319$1,745$1,298$957$226
26 years$2,894$2,179$1,618$1,187$862$189
27 years$2,757$2,051$1,503$1,086$777$159
28 years$2,630$1,933$1,397$995$701$133
29 years$2,512$1,823$1,300$913$633$112
30 years$2,402$1,722$1,211$838$572$94
31 years$2,299$1,628$1,129$769$517$79
32 years$2,203$1,540$1,053$707$468$66
33 years$2,113$1,459$983$650$423$56
34 years$2,029$1,382$919$598$383$47
35 years$1,949$1,311$859$551$347$39
36 years$1,874$1,245$804$507$315$33
37 years$1,803$1,182$752$467$285$28
38 years$1,736$1,123$704$431$258$23
39 years$1,673$1,068$660$397$234$20
40 years$1,613$1,016$619$366$213$16
41 years$1,556$967$580$338$193$14
42 years$1,502$921$544$312$175$12
43 years$1,451$878$511$288$159$10
44 years$1,402$837$479$266$144$8
45 years$1,355$798$450$246$131$7
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$4
49 years$1,189$662$351$179$89$3
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 $6,779 every year, while hoping to spend $39,809 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: 62/8/30 Blend
53$1,180,000$1,180,000$1,180,000$1,180,000
54$1,307,353$1,244,813$1,226,523$1,377,444
55$1,398,346$1,263,452$1,225,255$1,444,595
56$1,497,287$1,281,670$1,222,610$1,513,007
57$1,604,943$1,299,405$1,218,500$1,586,883
58$1,722,161$1,316,590$1,212,834$1,666,765
59$1,849,870$1,333,152$1,205,513$1,753,255
60$1,989,095$1,349,015$1,196,436$1,847,013
61$2,140,964$1,364,097$1,185,497$1,948,770
62$2,306,716$1,378,311$1,172,585$2,059,331
63$2,487,716$1,391,564$1,157,582$2,179,587
64$2,685,469$1,403,757$1,140,367$2,310,517
65$2,901,629$1,414,783$1,120,811$2,453,205
66$3,138,018$1,424,530$1,098,781$2,608,843
67$3,396,642$1,432,878$1,074,136$2,778,749
68$3,679,709$1,439,699$1,046,730$2,964,377
69$3,989,653$1,444,857$1,016,409$3,167,329
70$4,329,151$1,448,209$983,012$3,389,374
71$4,701,154$1,449,601$946,372$3,632,461
72$5,108,909$1,448,869$906,313$3,898,743
73$5,555,995$1,445,840$862,652$4,190,594
74$6,046,352$1,440,332$815,196$4,510,629
75$6,584,320$1,432,148$763,746$4,861,737
76$7,174,680$1,421,083$708,090$5,247,102
77$7,822,698$1,406,916$648,012$5,670,235
78$8,534,173$1,389,416$583,281$6,135,009
79$9,315,497$1,368,335$513,658$6,645,695
80$10,173,707$1,343,412$438,895$7,207,003
81$11,116,557$1,314,371$358,730$7,824,127
82$12,152,589$1,280,919$272,891$8,502,795
83$13,291,214$1,242,746$181,094$9,249,322
84$14,542,800$1,199,522$83,042$10,070,673
85$15,918,767$1,150,900$0$10,974,525
86$17,431,700$1,096,513$0$11,976,260
87$19,095,463$1,035,971$0$13,107,116
88$20,925,330$968,864$0$14,350,885
89$22,938,130$894,755$0$15,719,027
90$25,152,407$813,185$0$17,224,172
91$27,588,588$723,667$0$18,880,236
92$30,269,186$625,688$0$20,702,557
93$33,219,001$518,705$0$22,708,031
94$36,465,362$402,144$0$24,915,283
95$40,038,379$275,399$0$27,344,834
96$43,971,230$137,831$0$30,019,296
97$48,300,474$0$0$32,963,591
98$53,066,392$0$0$36,206,169
99$58,313,372$0$0$39,789,511
100$64,090,320$0$0$43,734,899