Can I retire at age 54 with 1,190,000?

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 $1,190,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.4%
1 years$98,269$97,394$96,540$95,706$94,892$91,308
2 years$48,648$47,742$46,864$46,013$45,187$41,617
3 years$32,110$31,200$30,324$29,481$28,668$25,226
4 years$23,842$22,935$22,068$21,239$20,447$17,157
5 years$18,883$17,982$17,126$16,314$15,543$12,416
6 years$15,578$14,683$13,840$13,046$12,299$9,335
7 years$13,218$12,331$11,501$10,726$10,002$7,202
8 years$11,449$10,570$9,754$8,998$8,298$5,658
9 years$10,074$9,203$8,401$7,664$6,988$4,505
10 years$8,975$8,112$7,324$6,607$5,954$3,623
11 years$8,076$7,222$6,448$5,750$5,121$2,937
12 years$7,327$6,482$5,723$5,043$4,437$2,395
13 years$6,694$5,858$5,113$4,452$3,870$1,963
14 years$6,152$5,324$4,594$3,952$3,392$1,615
15 years$5,682$4,864$4,148$3,525$2,987$1,333
16 years$5,272$4,463$3,760$3,156$2,640$1,103
17 years$4,910$4,110$3,422$2,836$2,340$914
18 years$4,589$3,798$3,124$2,556$2,081$759
19 years$4,302$3,520$2,860$2,309$1,855$632
20 years$4,044$3,271$2,624$2,091$1,657$526
21 years$3,811$3,046$2,414$1,898$1,483$438
22 years$3,600$2,844$2,225$1,726$1,329$366
23 years$3,407$2,660$2,054$1,572$1,193$305
24 years$3,230$2,492$1,900$1,433$1,072$255
25 years$3,068$2,339$1,760$1,309$965$213
26 years$2,919$2,198$1,632$1,197$869$178
27 years$2,780$2,069$1,515$1,096$784$149
28 years$2,652$1,949$1,409$1,004$707$125
29 years$2,533$1,839$1,311$921$638$104
30 years$2,422$1,737$1,221$845$577$87
31 years$2,319$1,642$1,138$776$522$73
32 years$2,222$1,553$1,062$713$472$61
33 years$2,131$1,471$992$656$427$51
34 years$2,046$1,394$927$603$387$43
35 years$1,966$1,322$866$555$350$36
36 years$1,890$1,255$810$512$317$30
37 years$1,819$1,192$759$471$288$25
38 years$1,751$1,133$710$434$261$21
39 years$1,687$1,077$666$401$236$18
40 years$1,627$1,025$624$369$214$15
41 years$1,570$976$585$341$195$12
42 years$1,515$929$549$315$176$10
43 years$1,463$885$515$290$160$9
44 years$1,414$844$483$268$145$7
45 years$1,367$805$454$248$132$6
46 years$1,322$768$426$229$120$5
47 years$1,279$733$400$211$109$4
48 years$1,238$699$376$195$99$4
49 years$1,199$668$354$180$90$3
50 years$1,162$638$333$167$82$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $1,190,000, adding $6,787 every year, while hoping to spend $44,620 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: 87/7/6 Blend
53$1,190,000$1,190,000$1,190,000$1,190,000
54$1,318,381$1,255,311$1,236,866$1,432,201
55$1,405,380$1,269,346$1,230,825$1,521,397
56$1,499,758$1,282,573$1,223,087$1,612,513
57$1,602,220$1,294,905$1,213,547$1,711,207
58$1,713,542$1,306,251$1,202,097$1,818,209
59$1,834,578$1,316,512$1,188,621$1,934,323
60$1,966,266$1,325,582$1,173,001$2,060,434
61$2,109,640$1,333,350$1,155,111$2,197,518
62$2,265,836$1,339,698$1,134,821$2,346,648
63$2,436,107$1,344,499$1,111,993$2,509,005
64$2,621,829$1,347,618$1,086,484$2,685,891
65$2,824,517$1,348,913$1,058,143$2,878,741
66$3,045,840$1,348,232$1,026,813$3,089,132
67$3,287,635$1,345,415$992,330$3,318,803
68$3,551,923$1,340,289$954,523$3,569,670
69$3,840,931$1,332,675$913,210$3,843,843
70$4,157,109$1,322,379$868,206$4,143,646
71$4,503,155$1,309,197$819,312$4,471,639
72$4,882,042$1,292,912$766,324$4,830,642
73$5,297,041$1,273,296$709,027$5,223,764
74$5,751,757$1,250,106$647,197$5,654,428
75$6,250,159$1,223,083$580,600$6,126,405
76$6,796,616$1,191,955$508,992$6,643,851
77$7,395,944$1,156,434$432,116$7,211,345
78$8,053,444$1,116,213$349,706$7,833,932
79$8,774,958$1,070,970$261,483$8,517,171
80$9,566,917$1,020,361$167,157$9,267,186
81$10,436,410$964,026$66,424$10,090,726
82$11,391,241$901,581$0$10,995,227
83$12,440,010$832,621$0$11,991,515
84$13,592,190$756,718$0$13,090,696
85$14,858,216$673,420$0$14,298,488
86$16,249,585$582,248$0$15,625,876
87$17,778,962$482,697$0$17,084,967
88$19,460,301$374,234$0$18,689,099
89$21,308,975$256,295$0$20,452,970
90$23,341,921$128,284$0$22,392,775
91$25,577,799$0$0$24,526,358
92$28,037,170$0$0$26,874,185
93$30,742,685$0$0$29,467,876
94$33,719,303$0$0$32,321,479
95$36,994,523$0$0$35,461,356
96$40,598,645$0$0$38,916,559
97$44,565,054$0$0$42,719,094
98$48,930,535$0$0$46,904,228
99$53,735,620$0$0$51,510,821
100$59,024,971$0$0$56,581,692