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

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 $1,270,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.2%
1 years$104,875$103,941$103,030$102,140$101,272$100,760
2 years$51,919$50,952$50,014$49,106$48,225$47,708
3 years$34,269$33,297$32,363$31,463$30,596$30,091
4 years$25,445$24,477$23,552$22,667$21,821$21,331
5 years$20,153$19,190$18,277$17,410$16,588$16,115
6 years$16,625$15,670$14,771$13,923$13,126$12,670
7 years$14,107$13,160$12,274$11,447$10,675$10,236
8 years$12,219$11,281$10,410$9,603$8,856$8,435
9 years$10,751$9,822$8,966$8,179$7,458$7,054
10 years$9,578$8,657$7,817$7,051$6,354$5,968
11 years$8,618$7,707$6,882$6,136$5,465$5,095
12 years$7,819$6,918$6,107$5,382$4,736$4,383
13 years$7,144$6,251$5,456$4,752$4,130$3,793
14 years$6,565$5,682$4,903$4,218$3,620$3,299
15 years$6,064$5,191$4,426$3,762$3,187$2,882
16 years$5,627$4,763$4,013$3,368$2,817$2,527
17 years$5,241$4,386$3,652$3,026$2,498$2,222
18 years$4,898$4,053$3,334$2,727$2,221$1,960
19 years$4,592$3,756$3,052$2,464$1,980$1,732
20 years$4,316$3,491$2,801$2,232$1,768$1,534
21 years$4,068$3,251$2,576$2,026$1,582$1,361
22 years$3,842$3,035$2,374$1,842$1,418$1,209
23 years$3,636$2,839$2,192$1,677$1,273$1,076
24 years$3,447$2,660$2,028$1,530$1,144$958
25 years$3,274$2,496$1,878$1,397$1,030$854
26 years$3,115$2,346$1,742$1,277$928$762
27 years$2,967$2,208$1,617$1,169$836$681
28 years$2,831$2,080$1,503$1,071$755$609
29 years$2,704$1,962$1,399$982$681$544
30 years$2,585$1,853$1,303$902$616$487
31 years$2,475$1,752$1,215$828$557$436
32 years$2,371$1,658$1,134$761$503$391
33 years$2,274$1,570$1,058$700$456$350
34 years$2,183$1,488$989$644$413$314
35 years$2,098$1,411$925$593$374$282
36 years$2,017$1,339$865$546$339$253
37 years$1,941$1,272$810$503$307$227
38 years$1,869$1,209$758$464$278$203
39 years$1,801$1,150$710$427$252$183
40 years$1,736$1,094$666$394$229$164
41 years$1,675$1,041$624$364$208$147
42 years$1,617$992$586$336$188$132
43 years$1,562$945$549$310$171$119
44 years$1,509$901$516$286$155$107
45 years$1,459$859$484$264$141$96
46 years$1,411$819$455$244$128$86
47 years$1,365$782$427$226$116$77
48 years$1,322$746$402$208$105$70
49 years$1,280$713$377$193$96$62
50 years$1,240$681$355$178$87$56

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 $3,922 every year, while hoping to spend $29,409 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: 62/24/14 Blend
53$1,270,000$1,270,000$1,270,000$1,270,000
54$1,403,586$1,336,276$1,316,591$1,485,582
55$1,515,460$1,370,462$1,329,405$1,575,296
56$1,637,761$1,405,338$1,341,664$1,669,489
57$1,771,519$1,440,906$1,353,316$1,771,600
58$1,917,872$1,477,169$1,364,310$1,882,397
59$2,078,071$1,514,126$1,374,591$2,002,730
60$2,253,494$1,551,779$1,384,100$2,133,531
61$2,445,660$1,590,125$1,392,777$2,275,827
62$2,656,240$1,629,163$1,400,557$2,430,752
63$2,887,073$1,668,890$1,407,373$2,599,552
64$3,140,189$1,709,299$1,413,154$2,783,602
65$3,417,819$1,750,386$1,417,826$2,984,414
66$3,722,424$1,792,142$1,421,310$3,203,655
67$4,056,712$1,834,558$1,423,524$3,443,164
68$4,423,667$1,877,622$1,424,383$3,704,962
69$4,826,577$1,921,321$1,423,795$3,991,280
70$5,269,061$1,965,639$1,421,666$4,304,574
71$5,755,110$2,010,560$1,417,897$4,647,551
72$6,289,117$2,056,063$1,412,381$5,023,193
73$6,875,922$2,102,125$1,405,012$5,434,785
74$7,520,859$2,148,722$1,395,672$5,885,949
75$8,229,802$2,195,826$1,384,243$6,380,674
76$9,009,225$2,243,404$1,370,599$6,923,357
77$9,866,259$2,291,424$1,354,607$7,518,843
78$10,808,760$2,339,846$1,336,129$8,172,470
79$11,845,385$2,388,630$1,315,020$8,890,122
80$12,985,670$2,437,729$1,291,129$9,678,280
81$14,240,125$2,487,094$1,264,298$10,544,090
82$15,620,326$2,536,670$1,234,361$11,495,424
83$17,139,030$2,586,398$1,201,143$12,540,958
84$18,810,294$2,636,213$1,164,463$13,690,254
85$20,649,603$2,686,047$1,124,132$14,953,847
86$22,674,023$2,735,824$1,079,951$16,343,350
87$24,902,355$2,785,461$1,031,711$17,871,558
88$27,355,318$2,834,872$979,197$19,552,574
89$30,055,741$2,883,961$922,180$21,401,938
90$33,028,777$2,932,625$860,424$23,436,778
91$36,302,145$2,980,756$793,680$25,675,966
92$39,906,386$3,028,235$721,690$28,140,305
93$43,875,154$3,074,936$644,184$30,852,716
94$48,245,533$3,120,721$560,878$33,838,463
95$53,058,387$3,165,446$471,477$37,125,385
96$58,358,744$3,208,955$375,673$40,744,164
97$64,196,223$3,251,080$273,145$44,728,614
98$70,625,498$3,291,644$163,555$49,115,997
99$77,706,819$3,330,454$46,554$53,947,378
100$85,506,576$3,367,308$0$59,268,016