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

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 $1,190,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.8%
1 years$98,269$97,394$96,540$95,706$94,892$91,525
2 years$48,648$47,742$46,864$46,013$45,187$41,831
3 years$32,110$31,200$30,324$29,481$28,668$25,428
4 years$23,842$22,935$22,068$21,239$20,447$17,347
5 years$18,883$17,982$17,126$16,314$15,543$12,593
6 years$15,578$14,683$13,840$13,046$12,299$9,500
7 years$13,218$12,331$11,501$10,726$10,002$7,354
8 years$11,449$10,570$9,754$8,998$8,298$5,798
9 years$10,074$9,203$8,401$7,664$6,988$4,634
10 years$8,975$8,112$7,324$6,607$5,954$3,741
11 years$8,076$7,222$6,448$5,750$5,121$3,044
12 years$7,327$6,482$5,723$5,043$4,437$2,493
13 years$6,694$5,858$5,113$4,452$3,870$2,051
14 years$6,152$5,324$4,594$3,952$3,392$1,695
15 years$5,682$4,864$4,148$3,525$2,987$1,405
16 years$5,272$4,463$3,760$3,156$2,640$1,167
17 years$4,910$4,110$3,422$2,836$2,340$972
18 years$4,589$3,798$3,124$2,556$2,081$811
19 years$4,302$3,520$2,860$2,309$1,855$678
20 years$4,044$3,271$2,624$2,091$1,657$567
21 years$3,811$3,046$2,414$1,898$1,483$475
22 years$3,600$2,844$2,225$1,726$1,329$398
23 years$3,407$2,660$2,054$1,572$1,193$334
24 years$3,230$2,492$1,900$1,433$1,072$280
25 years$3,068$2,339$1,760$1,309$965$235
26 years$2,919$2,198$1,632$1,197$869$197
27 years$2,780$2,069$1,515$1,096$784$166
28 years$2,652$1,949$1,409$1,004$707$139
29 years$2,533$1,839$1,311$921$638$117
30 years$2,422$1,737$1,221$845$577$99
31 years$2,319$1,642$1,138$776$522$83
32 years$2,222$1,553$1,062$713$472$70
33 years$2,131$1,471$992$656$427$59
34 years$2,046$1,394$927$603$387$49
35 years$1,966$1,322$866$555$350$42
36 years$1,890$1,255$810$512$317$35
37 years$1,819$1,192$759$471$288$29
38 years$1,751$1,133$710$434$261$25
39 years$1,687$1,077$666$401$236$21
40 years$1,627$1,025$624$369$214$18
41 years$1,570$976$585$341$195$15
42 years$1,515$929$549$315$176$12
43 years$1,463$885$515$290$160$10
44 years$1,414$844$483$268$145$9
45 years$1,367$805$454$248$132$7
46 years$1,322$768$426$229$120$6
47 years$1,279$733$400$211$109$5
48 years$1,238$699$376$195$99$4
49 years$1,199$668$354$180$90$4
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 $4,145 every year, while hoping to spend $21,223 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: 72/11/17 Blend
53$1,190,000$1,190,000$1,190,000$1,190,000
54$1,315,656$1,252,586$1,234,141$1,404,901
55$1,427,271$1,291,381$1,252,903$1,503,504
56$1,549,561$1,331,366$1,271,583$1,608,489
57$1,683,590$1,372,577$1,290,155$1,722,914
58$1,830,533$1,415,051$1,308,592$1,847,709
59$1,991,684$1,458,824$1,326,866$1,983,900
60$2,168,466$1,503,938$1,344,948$2,132,617
61$2,362,451$1,550,431$1,362,804$2,295,104
62$2,575,364$1,598,346$1,380,401$2,472,731
63$2,809,111$1,647,725$1,397,705$2,667,008
64$3,065,789$1,698,612$1,414,676$2,879,597
65$3,347,708$1,751,052$1,431,276$3,112,330
66$3,657,412$1,805,092$1,447,462$3,367,223
67$3,997,705$1,860,779$1,463,189$3,646,499
68$4,371,677$1,918,163$1,478,412$3,952,606
69$4,782,729$1,977,294$1,493,080$4,288,241
70$5,234,610$2,038,224$1,507,141$4,656,376
71$5,731,451$2,101,007$1,520,540$5,060,284
72$6,277,801$2,165,699$1,533,220$5,503,571
73$6,878,673$2,232,355$1,545,120$5,990,212
74$7,539,592$2,301,034$1,556,176$6,524,583
75$8,266,642$2,371,796$1,566,319$7,111,509
76$9,066,528$2,444,703$1,575,480$7,756,305
77$9,946,639$2,519,818$1,583,583$8,464,827
78$10,915,113$2,597,207$1,590,550$9,243,526
79$11,980,921$2,676,935$1,596,299$10,099,513
80$13,153,943$2,759,074$1,600,744$11,040,621
81$14,445,069$2,843,692$1,603,792$12,075,482
82$15,866,297$2,930,864$1,605,350$13,213,608
83$17,430,846$3,020,664$1,605,317$14,465,480
84$19,153,285$3,113,168$1,603,587$15,842,645
85$21,049,664$3,208,458$1,600,051$17,357,830
86$23,137,670$3,306,612$1,594,593$19,025,057
87$25,436,792$3,407,716$1,587,092$20,859,778
88$27,968,506$3,511,855$1,577,421$22,879,021
89$30,756,475$3,619,118$1,565,446$25,101,547
90$33,826,775$3,729,594$1,551,028$27,548,034
91$37,208,140$3,843,378$1,534,021$30,241,263
92$40,932,231$3,960,564$1,514,272$33,206,342
93$45,033,939$4,081,252$1,491,620$36,470,937
94$49,551,710$4,205,542$1,465,898$40,065,535
95$54,527,909$4,333,539$1,436,930$44,023,732
96$60,009,220$4,465,347$1,404,533$48,382,549
97$66,047,089$4,601,077$1,368,513$53,182,783
98$72,698,204$4,740,842$1,328,670$58,469,392
99$80,025,033$4,884,755$1,284,792$64,291,917
100$88,096,415$5,032,937$1,236,661$70,704,951