Can I retire at age 54 with 1,250,000?

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 $1,250,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.3%
1 years$103,224$102,304$101,407$100,532$99,677$98,718
2 years$51,101$50,149$49,227$48,333$47,465$46,499
3 years$33,729$32,773$31,853$30,967$30,114$29,171
4 years$25,045$24,092$23,181$22,310$21,477$20,565
5 years$19,835$18,888$17,989$17,136$16,327$15,447
6 years$16,364$15,424$14,538$13,704$12,919$12,073
7 years$13,885$12,953$12,081$11,267$10,506$9,695
8 years$12,027$11,103$10,246$9,451$8,716$7,939
9 years$10,582$9,667$8,825$8,051$7,340$6,597
10 years$9,427$8,521$7,694$6,940$6,254$5,544
11 years$8,483$7,586$6,773$6,040$5,379$4,702
12 years$7,696$6,809$6,011$5,298$4,661$4,017
13 years$7,031$6,153$5,371$4,677$4,065$3,452
14 years$6,462$5,593$4,825$4,152$3,563$2,981
15 years$5,969$5,109$4,357$3,703$3,137$2,585
16 years$5,538$4,688$3,950$3,315$2,773$2,249
17 years$5,158$4,317$3,594$2,979$2,458$1,963
18 years$4,821$3,989$3,281$2,684$2,186$1,718
19 years$4,519$3,697$3,004$2,426$1,948$1,506
20 years$4,248$3,436$2,757$2,197$1,740$1,323
21 years$4,004$3,200$2,536$1,994$1,557$1,164
22 years$3,781$2,987$2,337$1,813$1,396$1,026
23 years$3,579$2,794$2,158$1,651$1,253$905
24 years$3,393$2,618$1,996$1,506$1,126$800
25 years$3,223$2,457$1,848$1,375$1,014$707
26 years$3,066$2,309$1,714$1,257$913$626
27 years$2,921$2,173$1,592$1,151$823$554
28 years$2,786$2,047$1,480$1,054$743$491
29 years$2,661$1,931$1,377$967$671$435
30 years$2,544$1,824$1,283$887$606$386
31 years$2,436$1,724$1,196$815$548$342
32 years$2,334$1,632$1,116$749$496$304
33 years$2,239$1,545$1,042$689$448$270
34 years$2,149$1,464$973$634$406$240
35 years$2,065$1,389$910$583$368$213
36 years$1,985$1,318$851$537$333$189
37 years$1,910$1,252$797$495$302$168
38 years$1,840$1,190$746$456$274$150
39 years$1,772$1,132$699$421$248$133
40 years$1,709$1,077$655$388$225$118
41 years$1,649$1,025$614$358$204$105
42 years$1,591$976$576$330$185$94
43 years$1,537$930$541$305$168$83
44 years$1,485$886$508$282$153$74
45 years$1,436$845$477$260$139$66
46 years$1,389$806$448$240$126$59
47 years$1,344$770$421$222$114$52
48 years$1,301$735$395$205$104$47
49 years$1,260$702$372$190$94$41
50 years$1,220$670$349$175$86$37

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $1,250,000, adding $3,977 every year, while hoping to spend $20,102 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: 41/41/18 Blend
53$1,250,000$1,250,000$1,250,000$1,250,000
54$1,381,602$1,315,352$1,295,977$1,430,767
55$1,501,137$1,358,416$1,318,004$1,509,127
56$1,632,191$1,402,916$1,340,095$1,591,634
57$1,775,918$1,448,902$1,362,231$1,680,516
58$1,933,587$1,496,425$1,384,392$1,776,364
59$2,106,600$1,545,536$1,406,556$1,879,830
60$2,296,497$1,596,291$1,428,700$1,991,630
61$2,504,977$1,648,747$1,450,798$2,112,550
62$2,733,910$1,702,961$1,472,826$2,243,457
63$2,985,358$1,758,995$1,494,754$2,385,302
64$3,261,589$1,816,911$1,516,553$2,539,132
65$3,565,106$1,876,774$1,538,192$2,706,099
66$3,898,662$1,938,651$1,559,637$2,887,471
67$4,265,294$2,002,613$1,580,853$3,084,644
68$4,668,345$2,068,732$1,601,802$3,299,150
69$5,111,498$2,137,082$1,622,445$3,532,681
70$5,598,813$2,207,741$1,642,739$3,787,096
71$6,134,762$2,280,790$1,662,640$4,064,441
72$6,724,270$2,356,312$1,682,102$4,366,969
73$7,372,767$2,434,392$1,701,073$4,697,161
74$8,086,233$2,515,121$1,719,503$5,057,749
75$8,871,258$2,598,592$1,737,336$5,451,739
76$9,735,103$2,684,899$1,754,513$5,882,442
77$10,685,768$2,774,144$1,770,974$6,353,504
78$11,732,068$2,866,428$1,786,653$6,868,941
79$12,883,715$2,961,859$1,801,482$7,433,175
80$14,151,412$3,060,549$1,815,390$8,051,075
81$15,546,952$3,162,611$1,828,301$8,728,005
82$17,083,327$3,268,165$1,840,136$9,469,872
83$18,774,856$3,377,335$1,850,810$10,283,183
84$20,637,316$3,490,249$1,860,236$11,175,105
85$22,688,090$3,607,039$1,868,322$12,153,533
86$24,946,335$3,727,844$1,874,971$13,227,163
87$27,433,159$3,852,806$1,880,080$14,405,575
88$30,171,821$3,982,074$1,883,543$15,699,322
89$33,187,952$4,115,800$1,885,247$17,120,029
90$36,509,795$4,254,146$1,885,074$18,680,504
91$40,168,470$4,397,275$1,882,900$20,394,856
92$44,198,273$4,545,361$1,878,596$22,278,631
93$48,636,993$4,698,580$1,872,025$24,348,953
94$53,526,273$4,857,117$1,863,045$26,624,691
95$58,912,001$5,021,164$1,851,505$29,126,633
96$64,844,745$5,190,920$1,837,250$31,877,681
97$71,380,225$5,366,591$1,820,114$34,903,072
98$78,579,845$5,548,392$1,799,925$38,230,608
99$86,511,271$5,736,544$1,776,504$41,890,923
100$95,249,064$5,931,279$1,749,661$45,917,772