Can I retire at age 54 with 1,270,000?

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 $1,270,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.4%
1 years$104,875$103,941$103,030$102,140$101,272$100,676
2 years$51,919$50,952$50,014$49,106$48,225$47,623
3 years$34,269$33,297$32,363$31,463$30,596$30,008
4 years$25,445$24,477$23,552$22,667$21,821$21,251
5 years$20,153$19,190$18,277$17,410$16,588$16,037
6 years$16,625$15,670$14,771$13,923$13,126$12,595
7 years$14,107$13,160$12,274$11,447$10,675$10,165
8 years$12,219$11,281$10,410$9,603$8,856$8,366
9 years$10,751$9,822$8,966$8,179$7,458$6,989
10 years$9,578$8,657$7,817$7,051$6,354$5,906
11 years$8,618$7,707$6,882$6,136$5,465$5,036
12 years$7,819$6,918$6,107$5,382$4,736$4,326
13 years$7,144$6,251$5,456$4,752$4,130$3,739
14 years$6,565$5,682$4,903$4,218$3,620$3,248
15 years$6,064$5,191$4,426$3,762$3,187$2,834
16 years$5,627$4,763$4,013$3,368$2,817$2,481
17 years$5,241$4,386$3,652$3,026$2,498$2,179
18 years$4,898$4,053$3,334$2,727$2,221$1,919
19 years$4,592$3,756$3,052$2,464$1,980$1,693
20 years$4,316$3,491$2,801$2,232$1,768$1,498
21 years$4,068$3,251$2,576$2,026$1,582$1,327
22 years$3,842$3,035$2,374$1,842$1,418$1,177
23 years$3,636$2,839$2,192$1,677$1,273$1,046
24 years$3,447$2,660$2,028$1,530$1,144$930
25 years$3,274$2,496$1,878$1,397$1,030$828
26 years$3,115$2,346$1,742$1,277$928$738
27 years$2,967$2,208$1,617$1,169$836$658
28 years$2,831$2,080$1,503$1,071$755$587
29 years$2,704$1,962$1,399$982$681$524
30 years$2,585$1,853$1,303$902$616$468
31 years$2,475$1,752$1,215$828$557$419
32 years$2,371$1,658$1,134$761$503$374
33 years$2,274$1,570$1,058$700$456$335
34 years$2,183$1,488$989$644$413$300
35 years$2,098$1,411$925$593$374$268
36 years$2,017$1,339$865$546$339$240
37 years$1,941$1,272$810$503$307$215
38 years$1,869$1,209$758$464$278$193
39 years$1,801$1,150$710$427$252$173
40 years$1,736$1,094$666$394$229$155
41 years$1,675$1,041$624$364$208$139
42 years$1,617$992$586$336$188$125
43 years$1,562$945$549$310$171$112
44 years$1,509$901$516$286$155$100
45 years$1,459$859$484$264$141$90
46 years$1,411$819$455$244$128$81
47 years$1,365$782$427$226$116$72
48 years$1,322$746$402$208$105$65
49 years$1,280$713$377$193$96$58
50 years$1,240$681$355$178$87$52

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $1,270,000, adding $5,251 every year, while hoping to spend $41,432 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: 67/11/22 Blend
53$1,270,000$1,270,000$1,270,000$1,270,000
54$1,404,956$1,337,646$1,317,961$1,490,912
55$1,504,179$1,359,108$1,318,030$1,570,678
56$1,612,133$1,380,232$1,316,712$1,652,636
57$1,729,666$1,400,959$1,313,917$1,741,288
58$1,857,710$1,421,224$1,309,552$1,837,293
59$1,997,291$1,440,958$1,303,516$1,941,380
60$2,149,537$1,460,088$1,295,706$2,054,348
61$2,315,690$1,478,532$1,286,013$2,177,081
62$2,497,118$1,496,209$1,274,322$2,310,554
63$2,695,327$1,513,025$1,260,514$2,455,841
64$2,911,973$1,528,887$1,244,465$2,614,125
65$3,148,882$1,543,689$1,226,041$2,786,712
66$3,408,062$1,557,324$1,205,107$2,975,042
67$3,691,724$1,569,673$1,181,519$3,180,701
68$4,002,306$1,580,613$1,155,126$3,405,441
69$4,342,489$1,590,010$1,125,770$3,651,190
70$4,715,227$1,597,725$1,093,287$3,920,075
71$5,123,772$1,603,606$1,057,505$4,214,443
72$5,571,709$1,607,495$1,018,243$4,536,880
73$6,062,983$1,609,221$975,314$4,890,236
74$6,601,939$1,608,605$928,519$5,277,655
75$7,193,366$1,605,456$877,654$5,702,604
76$7,842,537$1,599,571$822,502$6,168,903
77$8,555,259$1,590,734$762,840$6,680,765
78$9,337,932$1,578,716$698,432$7,242,835
79$10,197,604$1,563,276$629,032$7,860,234
80$11,142,039$1,544,156$554,384$8,538,606
81$12,179,791$1,521,083$474,220$9,284,176
82$13,320,284$1,493,771$388,260$10,103,803
83$14,573,899$1,461,911$296,213$11,005,052
84$15,952,073$1,425,182$197,773$11,996,261
85$17,467,408$1,383,239$92,621$13,086,622
86$19,133,786$1,335,720$0$14,286,269
87$20,966,503$1,282,241$0$15,610,970
88$22,982,410$1,222,395$0$17,091,941
89$25,200,076$1,155,752$0$18,721,077
90$27,639,957$1,081,858$0$20,513,430
91$30,324,595$1,000,231$0$22,485,585
92$33,278,825$910,363$0$24,655,821
93$36,530,012$811,718$0$27,044,280
94$40,108,307$703,726$0$29,673,157
95$44,046,934$585,788$0$32,566,913
96$48,382,500$457,270$0$35,752,502
97$53,155,340$317,501$0$39,259,629
98$58,409,902$165,776$0$43,121,027
99$64,195,160$1,347$0$47,372,770
100$70,565,078$0$0$52,054,611