Can I retire at age 54 with 1,210,000?

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 $1,210,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.8%
1 years$99,921$99,031$98,162$97,315$96,487$95,360
2 years$49,466$48,544$47,652$46,786$45,946$44,812
3 years$32,650$31,724$30,834$29,976$29,150$28,044
4 years$24,243$23,321$22,439$21,596$20,790$19,720
5 years$19,201$18,284$17,414$16,588$15,804$14,774
6 years$15,840$14,930$14,073$13,265$12,505$11,516
7 years$13,441$12,538$11,695$10,906$10,170$9,222
8 years$11,642$10,748$9,918$9,149$8,437$7,530
9 years$10,243$9,358$8,542$7,793$7,105$6,239
10 years$9,125$8,248$7,447$6,718$6,054$5,228
11 years$8,211$7,343$6,557$5,846$5,207$4,420
12 years$7,450$6,591$5,819$5,128$4,512$3,763
13 years$6,806$5,956$5,199$4,527$3,935$3,224
14 years$6,255$5,414$4,671$4,019$3,449$2,775
15 years$5,778$4,946$4,217$3,584$3,037$2,398
16 years$5,361$4,538$3,824$3,209$2,684$2,079
17 years$4,993$4,179$3,479$2,883$2,380$1,809
18 years$4,667$3,862$3,176$2,599$2,116$1,577
19 years$4,375$3,579$2,908$2,348$1,886$1,378
20 years$4,112$3,326$2,668$2,127$1,685$1,206
21 years$3,875$3,098$2,455$1,930$1,508$1,057
22 years$3,660$2,892$2,262$1,755$1,351$928
23 years$3,464$2,704$2,089$1,598$1,213$816
24 years$3,285$2,534$1,932$1,458$1,090$718
25 years$3,120$2,378$1,789$1,331$981$632
26 years$2,968$2,235$1,659$1,217$884$557
27 years$2,827$2,103$1,541$1,114$797$491
28 years$2,697$1,982$1,432$1,021$719$434
29 years$2,576$1,870$1,333$936$649$383
30 years$2,463$1,766$1,242$859$587$338
31 years$2,358$1,669$1,158$789$530$299
32 years$2,259$1,579$1,080$725$480$264
33 years$2,167$1,496$1,008$667$434$234
34 years$2,080$1,418$942$613$393$207
35 years$1,999$1,345$881$565$356$183
36 years$1,922$1,276$824$520$323$162
37 years$1,849$1,212$771$479$292$143
38 years$1,781$1,152$722$442$265$127
39 years$1,716$1,095$677$407$240$112
40 years$1,654$1,042$634$376$218$99
41 years$1,596$992$595$347$198$88
42 years$1,541$945$558$320$179$78
43 years$1,488$900$524$295$163$69
44 years$1,438$858$491$273$148$61
45 years$1,390$818$461$252$134$54
46 years$1,344$781$433$233$122$48
47 years$1,301$745$407$215$111$43
48 years$1,259$711$383$199$100$38
49 years$1,219$679$360$183$91$33
50 years$1,181$649$338$170$83$30

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $1,210,000, adding $6,377 every year, while hoping to spend $49,312 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: 51/19/30 Blend
53$1,210,000$1,210,000$1,210,000$1,210,000
54$1,339,998$1,275,868$1,257,113$1,396,697
55$1,424,210$1,285,918$1,246,759$1,447,033
56$1,515,359$1,294,807$1,234,405$1,496,321
57$1,614,101$1,302,428$1,219,932$1,548,969
58$1,721,155$1,308,663$1,203,216$1,605,321
59$1,837,316$1,313,390$1,184,127$1,665,758
60$1,963,453$1,316,478$1,162,526$1,730,702
61$2,100,527$1,317,787$1,138,272$1,800,619
62$2,249,592$1,317,169$1,111,215$1,876,026
63$2,411,808$1,314,468$1,081,198$1,957,496
64$2,588,451$1,309,516$1,048,058$2,045,662
65$2,780,927$1,302,137$1,011,622$2,141,226
66$2,990,783$1,292,142$971,712$2,244,964
67$3,219,718$1,279,333$928,140$2,357,734
68$3,469,608$1,263,498$880,711$2,480,486
69$3,742,512$1,244,414$829,219$2,614,272
70$4,040,702$1,221,844$773,452$2,760,253
71$4,366,675$1,195,536$713,184$2,919,715
72$4,723,183$1,165,224$648,182$3,094,078
73$5,113,254$1,130,627$578,203$3,284,913
74$5,540,225$1,091,446$502,991$3,493,957
75$6,007,767$1,047,366$422,281$3,723,127
76$6,519,925$998,052$335,793$3,974,546
77$7,081,153$943,153$243,238$4,250,555
78$7,696,357$882,294$144,313$4,553,743
79$8,370,938$815,079$38,700$4,886,971
80$9,110,848$741,093$0$5,253,397
81$9,922,641$659,892$0$5,680,198
82$10,813,534$571,010$0$6,162,300
83$11,791,480$473,955$0$6,691,670
84$12,865,238$368,206$0$7,273,126
85$14,044,456$253,213$0$7,911,982
86$15,339,765$128,394$0$8,614,093
87$16,762,872$0$0$9,385,918
88$18,326,677$0$0$10,236,011
89$20,045,391$0$0$11,199,948
90$21,934,670$0$0$12,259,682
91$24,011,762$0$0$13,424,906
92$26,295,669$0$0$14,706,297
93$28,807,328$0$0$16,115,619
94$31,569,806$0$0$17,665,835
95$34,608,516$0$0$19,371,225
96$37,951,461$0$0$21,247,524
97$41,629,492$0$0$23,312,069
98$45,676,601$0$0$25,583,962
99$50,130,244$0$0$28,084,252
100$55,031,690$0$0$30,836,129