Can I retire at age 54 with 1,200,000?

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 $1,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.9%
1 years$99,095$98,212$97,351$96,510$95,690$92,999
2 years$49,057$48,143$47,258$46,399$45,567$42,877
3 years$32,380$31,462$30,579$29,728$28,909$26,304
4 years$24,043$23,128$22,254$21,418$20,618$18,118
5 years$19,042$18,133$17,270$16,451$15,674$13,285
6 years$15,709$14,807$13,956$13,156$12,402$10,127
7 years$13,329$12,435$11,598$10,816$10,086$7,924
8 years$11,546$10,659$9,836$9,073$8,367$6,318
9 years$10,159$9,280$8,472$7,729$7,047$5,108
10 years$9,050$8,180$7,386$6,662$6,004$4,173
11 years$8,143$7,282$6,502$5,798$5,164$3,438
12 years$7,388$6,536$5,771$5,086$4,475$2,851
13 years$6,750$5,907$5,156$4,490$3,902$2,376
14 years$6,204$5,369$4,632$3,986$3,421$1,989
15 years$5,730$4,905$4,182$3,554$3,012$1,671
16 years$5,316$4,500$3,792$3,183$2,662$1,408
17 years$4,952$4,144$3,451$2,860$2,360$1,189
18 years$4,628$3,830$3,150$2,577$2,098$1,006
19 years$4,339$3,549$2,884$2,329$1,870$853
20 years$4,078$3,298$2,646$2,109$1,671$724
21 years$3,843$3,072$2,434$1,914$1,495$615
22 years$3,630$2,868$2,244$1,740$1,340$523
23 years$3,435$2,682$2,071$1,585$1,203$445
24 years$3,257$2,513$1,916$1,446$1,081$379
25 years$3,094$2,358$1,774$1,320$973$323
26 years$2,943$2,216$1,646$1,207$876$276
27 years$2,804$2,086$1,528$1,105$790$235
28 years$2,675$1,966$1,421$1,012$713$201
29 years$2,555$1,854$1,322$928$644$172
30 years$2,443$1,751$1,231$852$582$147
31 years$2,338$1,655$1,148$782$526$125
32 years$2,241$1,566$1,071$719$476$107
33 years$2,149$1,483$1,000$661$431$91
34 years$2,063$1,406$934$608$390$78
35 years$1,982$1,333$874$560$353$67
36 years$1,906$1,266$817$516$320$57
37 years$1,834$1,202$765$475$290$49
38 years$1,766$1,142$716$438$263$42
39 years$1,702$1,086$671$404$238$36
40 years$1,641$1,034$629$373$216$31
41 years$1,583$984$590$344$196$26
42 years$1,528$937$553$317$178$22
43 years$1,476$893$519$293$162$19
44 years$1,426$851$487$270$147$16
45 years$1,378$811$458$250$133$14
46 years$1,333$774$430$231$121$12
47 years$1,290$739$404$213$110$10
48 years$1,249$705$379$197$100$9
49 years$1,209$673$357$182$91$7
50 years$1,172$643$335$168$82$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $1,200,000, adding $6,550 every year, while hoping to spend $37,378 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: 78/6/16 Blend
53$1,200,000$1,200,000$1,200,000$1,200,000
54$1,329,156$1,265,556$1,246,956$1,427,747
55$1,424,960$1,287,799$1,248,959$1,515,915
56$1,529,284$1,309,878$1,249,777$1,607,222
57$1,642,956$1,331,747$1,249,330$1,706,346
58$1,766,889$1,353,355$1,247,534$1,814,055
59$1,902,089$1,374,647$1,244,304$1,931,194
60$2,049,662$1,395,564$1,239,547$2,058,696
61$2,210,823$1,416,042$1,233,168$2,197,587
62$2,386,915$1,436,016$1,225,067$2,348,998
63$2,579,411$1,455,411$1,215,137$2,514,175
64$2,789,936$1,474,152$1,203,270$2,694,492
65$3,020,278$1,492,154$1,189,348$2,891,462
66$3,272,407$1,509,331$1,173,252$3,106,752
67$3,548,492$1,525,587$1,154,855$3,342,198
68$3,850,919$1,540,821$1,134,024$3,599,827
69$4,182,319$1,554,928$1,110,620$3,881,868
70$4,545,588$1,567,792$1,084,498$4,190,779
71$4,943,916$1,579,291$1,055,506$4,529,270
72$5,380,815$1,589,296$1,023,486$4,900,327
73$5,860,156$1,597,669$988,270$5,307,239
74$6,386,200$1,604,263$949,685$5,753,633
75$6,963,642$1,608,922$907,549$6,243,503
76$7,597,654$1,611,480$861,672$6,781,254
77$8,293,932$1,611,760$811,856$7,371,738
78$9,058,752$1,609,575$757,892$8,020,303
79$9,899,027$1,604,727$699,564$8,732,845
80$10,822,373$1,597,004$636,645$9,515,857
81$11,837,181$1,586,182$568,898$10,376,500
82$12,952,693$1,572,025$496,075$11,322,663
83$14,179,092$1,554,279$417,919$12,363,041
84$15,527,600$1,532,678$334,159$13,507,216
85$17,010,575$1,506,940$244,514$14,765,749
86$18,641,638$1,476,764$148,689$16,150,280
87$20,435,792$1,441,833$46,377$17,673,634
88$22,409,570$1,401,810$0$19,349,949
89$24,581,188$1,356,340$0$21,205,527
90$26,970,715$1,305,046$0$23,255,961
91$29,600,264$1,247,530$0$25,512,309
92$32,494,201$1,183,369$0$27,995,486
93$35,679,373$1,112,117$0$30,728,542
94$39,185,361$1,033,304$0$33,736,874
95$43,044,761$946,429$0$37,048,466
96$47,293,489$850,966$0$40,694,159
97$51,971,119$746,357$0$44,707,932
98$57,121,258$632,014$0$49,127,232
99$62,791,958$507,314$0$53,993,321
100$69,036,165$371,600$0$59,351,671