Can I retire at age 54 with 1,230,000?

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 $1,230,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.6%
1 years$101,572$100,667$99,785$98,923$98,082$96,220
2 years$50,283$49,347$48,439$47,559$46,706$44,837
3 years$33,189$32,249$31,343$30,472$29,632$27,815
4 years$24,644$23,706$22,810$21,953$21,134$19,382
5 years$19,518$18,586$17,701$16,862$16,066$14,384
6 years$16,102$15,177$14,305$13,485$12,712$11,103
7 years$13,663$12,745$11,888$11,087$10,338$8,802
8 years$11,834$10,925$10,082$9,300$8,577$7,113
9 years$10,413$9,512$8,683$7,922$7,223$5,831
10 years$9,276$8,385$7,570$6,829$6,154$4,832
11 years$8,347$7,464$6,665$5,943$5,293$4,040
12 years$7,573$6,700$5,915$5,213$4,587$3,401
13 years$6,919$6,055$5,285$4,602$4,000$2,879
14 years$6,359$5,503$4,748$4,085$3,506$2,448
15 years$5,873$5,027$4,287$3,643$3,087$2,090
16 years$5,449$4,613$3,887$3,262$2,728$1,790
17 years$5,076$4,248$3,537$2,931$2,419$1,537
18 years$4,744$3,925$3,229$2,641$2,151$1,322
19 years$4,447$3,638$2,956$2,387$1,917$1,140
20 years$4,180$3,381$2,713$2,162$1,712$985
21 years$3,939$3,149$2,495$1,962$1,532$852
22 years$3,721$2,939$2,300$1,784$1,374$738
23 years$3,521$2,749$2,123$1,625$1,233$639
24 years$3,339$2,576$1,964$1,482$1,108$555
25 years$3,171$2,417$1,819$1,353$997$482
26 years$3,017$2,272$1,687$1,237$898$418
27 years$2,874$2,138$1,566$1,132$810$364
28 years$2,741$2,015$1,456$1,038$731$316
29 years$2,618$1,901$1,355$951$660$275
30 years$2,504$1,795$1,262$873$596$240
31 years$2,397$1,697$1,177$802$539$209
32 years$2,297$1,606$1,098$737$488$182
33 years$2,203$1,520$1,025$678$441$158
34 years$2,115$1,441$958$624$400$138
35 years$2,032$1,367$895$574$362$120
36 years$1,954$1,297$838$529$328$105
37 years$1,880$1,232$784$487$297$91
38 years$1,810$1,171$734$449$269$80
39 years$1,744$1,113$688$414$244$69
40 years$1,682$1,059$645$382$222$61
41 years$1,622$1,008$605$352$201$53
42 years$1,566$960$567$325$182$46
43 years$1,512$915$532$300$166$40
44 years$1,461$872$500$277$150$35
45 years$1,413$832$469$256$136$31
46 years$1,366$793$441$236$124$27
47 years$1,322$757$414$218$112$23
48 years$1,280$723$389$202$102$20
49 years$1,240$690$366$187$93$18
50 years$1,201$659$344$172$84$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $1,230,000, adding $4,660 every year, while hoping to spend $56,409 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: 35/48/17 Blend
53$1,230,000$1,230,000$1,230,000$1,230,000
54$1,360,267$1,295,077$1,276,012$1,400,629
55$1,438,995$1,298,517$1,258,739$1,433,900
56$1,523,863$1,300,235$1,238,998$1,464,153
57$1,615,438$1,300,087$1,216,645$1,495,598
58$1,714,342$1,297,920$1,191,531$1,528,372
59$1,821,259$1,293,572$1,163,502$1,562,631
60$1,936,941$1,286,871$1,132,393$1,598,549
61$2,062,215$1,277,634$1,098,034$1,636,322
62$2,197,989$1,265,666$1,060,247$1,676,174
63$2,345,264$1,250,764$1,018,845$1,718,352
64$2,505,138$1,232,708$973,633$1,763,138
65$2,678,819$1,211,268$924,407$1,810,845
66$2,867,638$1,186,200$870,954$1,861,826
67$3,073,057$1,157,244$813,051$1,916,475
68$3,296,686$1,124,126$750,465$1,975,235
69$3,540,296$1,086,555$682,954$2,038,601
70$3,805,835$1,044,226$610,262$2,107,123
71$4,095,449$996,812$532,124$2,181,420
72$4,411,498$943,969$448,264$2,262,181
73$4,756,581$885,333$358,391$2,350,173
74$5,133,559$820,521$262,203$2,446,254
75$5,545,580$749,125$159,385$2,551,377
76$5,996,112$670,714$49,607$2,666,607
77$6,488,972$584,836$0$2,793,126
78$7,028,363$491,009$0$2,944,504
79$7,618,914$388,726$0$3,120,350
80$8,265,721$277,452$0$3,313,354
81$8,974,397$156,620$0$3,525,394
82$9,751,124$25,633$0$3,758,554
83$10,602,709$0$0$4,015,141
84$11,536,651$0$0$4,359,056
85$12,561,207$0$0$4,751,372
86$13,685,474$0$0$5,182,057
87$14,919,472$0$0$5,654,972
88$16,274,237$0$0$6,174,372
89$17,761,927$0$0$6,744,942
90$19,395,934$0$0$7,371,845
91$21,191,012$0$0$8,060,768
92$23,163,414$0$0$8,817,976
93$25,331,045$0$0$9,650,373
94$27,713,631$0$0$10,565,562
95$30,332,903$0$0$11,571,922
96$33,212,804$0$0$12,678,685
97$36,379,712$0$0$13,896,019
98$39,862,690$0$0$15,235,131
99$43,693,757$0$0$16,708,367
100$47,908,193$0$0$18,329,329