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%16.6%
1 years$103,224$102,304$101,407$100,532$99,677$96,992
2 years$51,101$50,149$49,227$48,333$47,465$44,779
3 years$33,729$32,773$31,853$30,967$30,114$27,511
4 years$25,045$24,092$23,181$22,310$21,477$18,978
5 years$19,835$18,888$17,989$17,136$16,327$13,937
6 years$16,364$15,424$14,538$13,704$12,919$10,642
7 years$13,885$12,953$12,081$11,267$10,506$8,342
8 years$12,027$11,103$10,246$9,451$8,716$6,663
9 years$10,582$9,667$8,825$8,051$7,340$5,396
10 years$9,427$8,521$7,694$6,940$6,254$4,417
11 years$8,483$7,586$6,773$6,040$5,379$3,646
12 years$7,696$6,809$6,011$5,298$4,661$3,029
13 years$7,031$6,153$5,371$4,677$4,065$2,530
14 years$6,462$5,593$4,825$4,152$3,563$2,122
15 years$5,969$5,109$4,357$3,703$3,137$1,787
16 years$5,538$4,688$3,950$3,315$2,773$1,509
17 years$5,158$4,317$3,594$2,979$2,458$1,277
18 years$4,821$3,989$3,281$2,684$2,186$1,083
19 years$4,519$3,697$3,004$2,426$1,948$920
20 years$4,248$3,436$2,757$2,197$1,740$782
21 years$4,004$3,200$2,536$1,994$1,557$666
22 years$3,781$2,987$2,337$1,813$1,396$568
23 years$3,579$2,794$2,158$1,651$1,253$485
24 years$3,393$2,618$1,996$1,506$1,126$414
25 years$3,223$2,457$1,848$1,375$1,014$354
26 years$3,066$2,309$1,714$1,257$913$303
27 years$2,921$2,173$1,592$1,151$823$259
28 years$2,786$2,047$1,480$1,054$743$221
29 years$2,661$1,931$1,377$967$671$190
30 years$2,544$1,824$1,283$887$606$162
31 years$2,436$1,724$1,196$815$548$139
32 years$2,334$1,632$1,116$749$496$119
33 years$2,239$1,545$1,042$689$448$102
34 years$2,149$1,464$973$634$406$87
35 years$2,065$1,389$910$583$368$75
36 years$1,985$1,318$851$537$333$64
37 years$1,910$1,252$797$495$302$55
38 years$1,840$1,190$746$456$274$47
39 years$1,772$1,132$699$421$248$40
40 years$1,709$1,077$655$388$225$35
41 years$1,649$1,025$614$358$204$30
42 years$1,591$976$576$330$185$25
43 years$1,537$930$541$305$168$22
44 years$1,485$886$508$282$153$19
45 years$1,436$845$477$260$139$16
46 years$1,389$806$448$240$126$14
47 years$1,344$770$421$222$114$12
48 years$1,301$735$395$205$104$10
49 years$1,260$702$372$190$94$9
50 years$1,220$670$349$175$86$7

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 $2,604 every year, while hoping to spend $52,048 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: 56/25/19 Blend
53$1,250,000$1,250,000$1,250,000$1,250,000
54$1,380,186$1,313,936$1,294,561$1,450,323
55$1,465,586$1,322,940$1,282,550$1,507,426
56$1,557,953$1,330,641$1,268,392$1,563,799
57$1,657,942$1,336,920$1,251,961$1,624,060
58$1,766,273$1,341,651$1,233,123$1,688,596
59$1,883,740$1,344,699$1,211,740$1,757,832
60$2,011,214$1,345,921$1,187,665$1,832,241
61$2,149,653$1,345,166$1,160,747$1,912,345
62$2,300,111$1,342,273$1,130,826$1,998,721
63$2,463,749$1,337,071$1,097,735$2,092,007
64$2,641,842$1,329,378$1,061,300$2,192,910
65$2,835,795$1,319,002$1,021,338$2,302,208
66$3,047,152$1,305,740$977,659$2,420,766
67$3,277,613$1,289,373$930,063$2,549,536
68$3,529,051$1,269,674$878,342$2,689,573
69$3,803,525$1,246,399$822,277$2,842,041
70$4,103,303$1,219,290$761,641$3,008,227
71$4,430,880$1,188,075$696,196$3,189,555
72$4,789,004$1,152,466$625,693$3,387,594
73$5,180,702$1,112,156$549,873$3,604,083
74$5,609,304$1,066,822$468,465$3,840,939
75$6,078,479$1,016,122$381,184$4,100,279
76$6,592,267$959,695$287,737$4,384,445
77$7,155,115$897,156$187,812$4,696,021
78$7,771,922$828,102$81,089$5,037,860
79$8,448,083$752,105$0$5,413,115
80$9,189,541$668,711$0$5,831,913
81$10,002,839$577,444$0$6,309,424
82$10,895,187$477,797$0$6,833,507
83$11,874,525$369,237$0$7,408,919
84$12,949,597$251,201$0$8,040,912
85$14,130,039$123,093$0$8,735,272
86$15,426,463$0$0$9,498,385
87$16,850,560$0$0$10,341,614
88$18,415,208$0$0$11,305,388
89$20,134,596$0$0$12,364,598
90$22,024,355$0$0$13,528,889
91$24,101,703$0$0$14,808,885
92$26,385,614$0$0$16,216,292
93$28,896,988$0$0$17,764,006
94$31,658,853$0$0$19,466,238
95$34,696,581$0$0$21,338,642
96$38,038,126$0$0$23,398,467
97$41,714,287$0$0$25,664,717
98$45,758,999$0$0$28,158,333
99$50,209,652$0$0$30,902,385
100$55,107,443$0$0$33,922,296