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

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 $1,260,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.3%
1 years$104,050$103,123$102,219$101,336$100,474$97,492
2 years$51,510$50,550$49,621$48,719$47,845$44,865
3 years$33,999$33,035$32,108$31,215$30,355$27,471
4 years$25,245$24,284$23,366$22,489$21,649$18,883
5 years$19,994$19,039$18,133$17,273$16,457$13,817
6 years$16,495$15,547$14,654$13,814$13,022$10,509
7 years$13,996$13,056$12,178$11,357$10,591$8,205
8 years$12,123$11,192$10,328$9,527$8,786$6,527
9 years$10,667$9,744$8,895$8,115$7,399$5,264
10 years$9,502$8,589$7,755$6,995$6,304$4,290
11 years$8,551$7,646$6,827$6,088$5,422$3,525
12 years$7,758$6,863$6,059$5,340$4,699$2,915
13 years$7,088$6,202$5,414$4,714$4,097$2,424
14 years$6,514$5,638$4,864$4,185$3,592$2,023
15 years$6,017$5,150$4,392$3,732$3,162$1,695
16 years$5,582$4,725$3,982$3,342$2,795$1,424
17 years$5,199$4,352$3,623$3,003$2,478$1,199
18 years$4,859$4,021$3,307$2,706$2,203$1,011
19 years$4,555$3,727$3,028$2,445$1,964$855
20 years$4,282$3,463$2,779$2,214$1,754$723
21 years$4,036$3,226$2,556$2,010$1,570$613
22 years$3,811$3,011$2,356$1,827$1,407$520
23 years$3,607$2,816$2,175$1,664$1,263$441
24 years$3,420$2,639$2,012$1,518$1,135$374
25 years$3,248$2,476$1,863$1,386$1,022$318
26 years$3,090$2,327$1,728$1,267$920$271
27 years$2,944$2,190$1,605$1,160$830$230
28 years$2,808$2,064$1,492$1,063$749$196
29 years$2,682$1,947$1,388$975$676$167
30 years$2,565$1,839$1,293$895$611$142
31 years$2,455$1,738$1,205$822$552$121
32 years$2,353$1,645$1,125$755$500$103
33 years$2,256$1,558$1,050$694$452$88
34 years$2,166$1,476$981$639$409$75
35 years$2,081$1,400$917$588$371$64
36 years$2,001$1,329$858$542$336$54
37 years$1,926$1,262$803$499$304$46
38 years$1,854$1,200$752$460$276$39
39 years$1,787$1,141$705$424$250$34
40 years$1,723$1,085$660$391$227$29
41 years$1,662$1,033$619$361$206$24
42 years$1,604$984$581$333$187$21
43 years$1,549$937$545$307$170$18
44 years$1,497$894$512$284$154$15
45 years$1,447$852$480$262$140$13
46 years$1,400$813$451$242$127$11
47 years$1,355$776$424$224$115$9
48 years$1,311$740$398$207$105$8
49 years$1,270$707$374$191$95$7
50 years$1,230$675$352$177$86$6

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 $2,451 every year, while hoping to spend $33,591 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: 48/24/28 Blend
53$1,260,000$1,260,000$1,260,000$1,260,000
54$1,391,048$1,324,268$1,304,738$1,446,595
55$1,497,195$1,353,417$1,312,706$1,515,069
56$1,613,042$1,382,868$1,319,816$1,585,898
57$1,739,545$1,412,601$1,326,002$1,662,170
58$1,877,753$1,442,593$1,331,197$1,744,415
59$2,028,822$1,472,818$1,335,331$1,833,217
60$2,194,026$1,503,251$1,338,329$1,929,222
61$2,374,767$1,533,860$1,340,113$2,033,141
62$2,572,586$1,564,612$1,340,600$2,145,758
63$2,789,185$1,595,473$1,339,705$2,267,938
64$3,026,434$1,626,403$1,337,337$2,400,636
65$3,286,394$1,657,361$1,333,401$2,544,904
66$3,571,334$1,688,300$1,327,799$2,701,902
67$3,883,755$1,719,171$1,320,425$2,872,909
68$4,226,409$1,749,922$1,311,170$3,059,338
69$4,602,330$1,780,495$1,299,921$3,262,744
70$5,014,856$1,810,827$1,286,557$3,484,845
71$5,467,667$1,840,854$1,270,952$3,727,534
72$5,964,816$1,870,502$1,252,976$3,992,897
73$6,510,766$1,899,696$1,232,490$4,283,239
74$7,110,436$1,928,353$1,209,350$4,601,096
75$7,769,242$1,956,384$1,183,405$4,949,270
76$8,493,154$1,983,696$1,154,498$5,330,848
77$9,288,745$2,010,186$1,122,463$5,749,234
78$10,163,259$2,035,747$1,087,128$6,208,183
79$11,124,676$2,060,263$1,048,311$6,711,835
80$12,181,787$2,083,611$1,005,824$7,264,754
81$13,344,280$2,105,658$959,469$7,871,973
82$14,622,825$2,126,263$909,040$8,539,044
83$16,029,180$2,145,278$854,320$9,272,084
84$17,576,301$2,162,541$795,084$10,077,842
85$19,278,461$2,177,882$731,096$10,963,756
86$21,151,386$2,191,121$662,111$11,938,028
87$23,212,405$2,202,064$587,869$13,009,702
88$25,480,611$2,210,505$508,103$14,188,748
89$27,977,041$2,216,228$422,532$15,486,157
90$30,724,875$2,218,999$330,863$16,914,049
91$33,749,655$2,218,572$232,789$18,485,782
92$37,079,524$2,214,686$127,992$20,216,086
93$40,745,493$2,207,063$16,137$22,121,197
94$44,781,732$2,195,408$0$24,219,017
95$49,225,893$2,179,408$0$26,560,119
96$54,119,467$2,158,731$0$29,142,564
97$59,508,170$2,133,026$0$31,985,620
98$65,442,378$2,101,920$0$35,115,840
99$71,977,604$2,065,017$0$38,562,486
100$79,175,016$2,021,900$0$42,357,807