Can I retire at age 54 with 1,260,000?

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 $1,260,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.2%
1 years$104,050$103,123$102,219$101,336$100,474$99,967
2 years$51,510$50,550$49,621$48,719$47,845$47,333
3 years$33,999$33,035$32,108$31,215$30,355$29,854
4 years$25,245$24,284$23,366$22,489$21,649$21,163
5 years$19,994$19,039$18,133$17,273$16,457$15,988
6 years$16,495$15,547$14,654$13,814$13,022$12,570
7 years$13,996$13,056$12,178$11,357$10,591$10,155
8 years$12,123$11,192$10,328$9,527$8,786$8,368
9 years$10,667$9,744$8,895$8,115$7,399$6,998
10 years$9,502$8,589$7,755$6,995$6,304$5,921
11 years$8,551$7,646$6,827$6,088$5,422$5,055
12 years$7,758$6,863$6,059$5,340$4,699$4,348
13 years$7,088$6,202$5,414$4,714$4,097$3,763
14 years$6,514$5,638$4,864$4,185$3,592$3,273
15 years$6,017$5,150$4,392$3,732$3,162$2,859
16 years$5,582$4,725$3,982$3,342$2,795$2,507
17 years$5,199$4,352$3,623$3,003$2,478$2,205
18 years$4,859$4,021$3,307$2,706$2,203$1,944
19 years$4,555$3,727$3,028$2,445$1,964$1,718
20 years$4,282$3,463$2,779$2,214$1,754$1,522
21 years$4,036$3,226$2,556$2,010$1,570$1,350
22 years$3,811$3,011$2,356$1,827$1,407$1,199
23 years$3,607$2,816$2,175$1,664$1,263$1,067
24 years$3,420$2,639$2,012$1,518$1,135$950
25 years$3,248$2,476$1,863$1,386$1,022$848
26 years$3,090$2,327$1,728$1,267$920$756
27 years$2,944$2,190$1,605$1,160$830$676
28 years$2,808$2,064$1,492$1,063$749$604
29 years$2,682$1,947$1,388$975$676$540
30 years$2,565$1,839$1,293$895$611$483
31 years$2,455$1,738$1,205$822$552$433
32 years$2,353$1,645$1,125$755$500$388
33 years$2,256$1,558$1,050$694$452$347
34 years$2,166$1,476$981$639$409$311
35 years$2,081$1,400$917$588$371$279
36 years$2,001$1,329$858$542$336$251
37 years$1,926$1,262$803$499$304$225
38 years$1,854$1,200$752$460$276$202
39 years$1,787$1,141$705$424$250$181
40 years$1,723$1,085$660$391$227$163
41 years$1,662$1,033$619$361$206$146
42 years$1,604$984$581$333$187$131
43 years$1,549$937$545$307$170$118
44 years$1,497$894$512$284$154$106
45 years$1,447$852$480$262$140$95
46 years$1,400$813$451$242$127$85
47 years$1,355$776$424$224$115$77
48 years$1,311$740$398$207$105$69
49 years$1,270$707$374$191$95$62
50 years$1,230$675$352$177$86$56

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $1,260,000, adding $5,503 every year, while hoping to spend $55,675 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: 52/38/10 Blend
53$1,260,000$1,260,000$1,260,000$1,260,000
54$1,394,196$1,327,416$1,307,886$1,462,809
55$1,477,167$1,333,222$1,292,463$1,515,944
56$1,566,734$1,337,446$1,274,657$1,567,253
57$1,663,512$1,339,952$1,254,329$1,621,754
58$1,768,176$1,340,596$1,231,335$1,679,759
59$1,881,469$1,339,224$1,205,523$1,741,619
60$2,004,204$1,335,671$1,176,734$1,807,719
61$2,137,280$1,329,766$1,144,801$1,878,485
62$2,281,681$1,321,323$1,109,551$1,954,393
63$2,438,493$1,310,149$1,070,801$2,035,968
64$2,608,909$1,296,035$1,028,362$2,123,790
65$2,794,240$1,278,763$982,035$2,218,504
66$2,995,930$1,258,101$931,611$2,320,824
67$3,215,568$1,233,801$876,873$2,431,539
68$3,454,902$1,205,603$817,594$2,551,523
69$3,715,856$1,173,231$753,537$2,681,745
70$4,000,546$1,136,392$684,453$2,823,275
71$4,311,303$1,094,777$610,084$2,977,299
72$4,650,692$1,048,057$530,158$3,145,129
73$5,021,538$995,887$444,394$3,328,216
74$5,426,949$937,900$352,495$3,528,165
75$5,870,348$873,707$254,154$3,746,750
76$6,355,504$802,899$149,049$3,985,936
77$6,886,567$725,043$36,843$4,247,894
78$7,468,107$639,680$0$4,535,022
79$8,105,155$546,326$0$4,858,821
80$8,803,255$444,470$0$5,218,146
81$9,568,509$333,571$0$5,612,346
82$10,407,640$213,058$0$6,045,045
83$11,328,050$82,330$0$6,520,244
84$12,337,896$0$0$7,042,363
85$13,446,160$0$0$7,641,057
86$14,662,735$0$0$8,336,183
87$15,998,520$0$0$9,099,558
88$17,465,521$0$0$9,938,059
89$19,076,964$0$0$10,859,263
90$20,847,417$0$0$11,871,517
91$22,792,932$0$0$12,984,015
92$24,931,190$0$0$14,206,890
93$27,281,672$0$0$15,551,300
94$29,865,840$0$0$17,029,542
95$32,707,337$0$0$18,655,163
96$35,832,216$0$0$20,443,089
97$39,269,177$0$0$22,409,764
98$43,049,844$0$0$24,573,307
99$47,209,058$0$0$26,953,679
100$51,785,208$0$0$29,572,878