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%17%
1 years$98,269$97,394$96,540$95,706$94,892$92,187
2 years$48,648$47,742$46,864$46,013$45,187$42,483
3 years$32,110$31,200$30,324$29,481$28,668$26,050
4 years$23,842$22,935$22,068$21,239$20,447$17,933
5 years$18,883$17,982$17,126$16,314$15,543$13,143
6 years$15,578$14,683$13,840$13,046$12,299$10,013
7 years$13,218$12,331$11,501$10,726$10,002$7,831
8 years$11,449$10,570$9,754$8,998$8,298$6,240
9 years$10,074$9,203$8,401$7,664$6,988$5,042
10 years$8,975$8,112$7,324$6,607$5,954$4,117
11 years$8,076$7,222$6,448$5,750$5,121$3,389
12 years$7,327$6,482$5,723$5,043$4,437$2,809
13 years$6,694$5,858$5,113$4,452$3,870$2,340
14 years$6,152$5,324$4,594$3,952$3,392$1,957
15 years$5,682$4,864$4,148$3,525$2,987$1,643
16 years$5,272$4,463$3,760$3,156$2,640$1,383
17 years$4,910$4,110$3,422$2,836$2,340$1,167
18 years$4,589$3,798$3,124$2,556$2,081$987
19 years$4,302$3,520$2,860$2,309$1,855$836
20 years$4,044$3,271$2,624$2,091$1,657$709
21 years$3,811$3,046$2,414$1,898$1,483$602
22 years$3,600$2,844$2,225$1,726$1,329$512
23 years$3,407$2,660$2,054$1,572$1,193$435
24 years$3,230$2,492$1,900$1,433$1,072$371
25 years$3,068$2,339$1,760$1,309$965$316
26 years$2,919$2,198$1,632$1,197$869$269
27 years$2,780$2,069$1,515$1,096$784$229
28 years$2,652$1,949$1,409$1,004$707$196
29 years$2,533$1,839$1,311$921$638$167
30 years$2,422$1,737$1,221$845$577$142
31 years$2,319$1,642$1,138$776$522$122
32 years$2,222$1,553$1,062$713$472$104
33 years$2,131$1,471$992$656$427$89
34 years$2,046$1,394$927$603$387$76
35 years$1,966$1,322$866$555$350$65
36 years$1,890$1,255$810$512$317$55
37 years$1,819$1,192$759$471$288$47
38 years$1,751$1,133$710$434$261$40
39 years$1,687$1,077$666$401$236$34
40 years$1,627$1,025$624$369$214$29
41 years$1,570$976$585$341$195$25
42 years$1,515$929$549$315$176$21
43 years$1,463$885$515$290$160$18
44 years$1,414$844$483$268$145$16
45 years$1,367$805$454$248$132$13
46 years$1,322$768$426$229$120$11
47 years$1,279$733$400$211$109$10
48 years$1,238$699$376$195$99$8
49 years$1,199$668$354$180$90$7
50 years$1,162$638$333$167$82$6

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 $2,481 every year, while hoping to spend $21,559 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: 43/27/30 Blend
53$1,190,000$1,190,000$1,190,000$1,190,000
54$1,313,939$1,250,869$1,232,424$1,358,848
55$1,425,022$1,289,223$1,250,772$1,429,750
56$1,546,713$1,328,734$1,269,011$1,504,309
57$1,680,072$1,369,435$1,287,117$1,584,693
58$1,826,264$1,411,362$1,305,060$1,671,458
59$1,986,574$1,454,551$1,322,811$1,765,212
60$2,162,419$1,499,037$1,340,339$1,866,627
61$2,355,355$1,544,860$1,357,610$1,976,441
62$2,567,101$1,592,058$1,374,590$2,095,470
63$2,799,547$1,640,671$1,391,240$2,224,608
64$3,054,777$1,690,739$1,407,523$2,364,843
65$3,335,084$1,742,306$1,423,395$2,517,260
66$3,642,998$1,795,414$1,438,814$2,683,057
67$3,981,303$1,850,108$1,453,733$2,863,551
68$4,353,066$1,906,434$1,468,104$3,060,194
69$4,761,668$1,964,439$1,481,874$3,274,585
70$5,210,832$2,024,170$1,494,991$3,508,485
71$5,704,660$2,085,677$1,507,396$3,763,834
72$6,247,672$2,149,012$1,519,030$4,042,771
73$6,844,846$2,214,225$1,529,830$4,347,649
74$7,501,670$2,281,372$1,539,729$4,681,063
75$8,224,187$2,350,506$1,548,656$5,045,872
76$9,019,057$2,421,684$1,556,539$5,445,223
77$9,893,618$2,494,963$1,563,301$5,882,587
78$10,855,955$2,570,404$1,568,859$6,361,786
79$11,914,976$2,648,067$1,573,129$6,887,033
80$13,080,495$2,728,015$1,576,021$7,462,969
81$14,363,329$2,810,311$1,577,441$8,094,706
82$15,775,393$2,895,021$1,577,290$8,787,882
83$17,329,819$2,982,212$1,575,465$9,548,703
84$19,041,074$3,071,954$1,571,856$10,384,013
85$20,925,101$3,164,317$1,566,351$11,301,350
86$22,999,467$3,259,374$1,558,829$12,309,023
87$25,283,528$3,357,199$1,549,165$13,416,185
88$27,798,613$3,457,868$1,537,228$14,632,926
89$30,568,227$3,561,459$1,522,881$15,970,362
90$33,618,268$3,668,051$1,505,978$17,440,743
91$36,977,273$3,777,727$1,486,370$19,057,569
92$40,676,689$3,890,571$1,463,899$20,835,716
93$44,751,170$4,006,668$1,438,398$22,791,578
94$49,238,900$4,126,105$1,409,695$24,943,220
95$54,181,956$4,248,972$1,377,608$27,310,551
96$59,626,706$4,375,362$1,341,948$29,915,508
97$65,624,243$4,505,368$1,302,516$32,782,270
98$72,230,871$4,639,086$1,259,105$35,937,479
99$79,508,633$4,776,614$1,211,498$39,410,495
100$87,525,898$4,918,053$1,159,468$43,233,674