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%15%
1 years$104,875$103,941$103,030$102,140$101,272$99,186
2 years$51,919$50,952$50,014$49,106$48,225$46,133
3 years$34,269$33,297$32,363$31,463$30,596$28,563
4 years$25,445$24,477$23,552$22,667$21,821$19,864
5 years$20,153$19,190$18,277$17,410$16,588$14,711
6 years$16,625$15,670$14,771$13,923$13,126$11,331
7 years$14,107$13,160$12,274$11,447$10,675$8,963
8 years$12,219$11,281$10,410$9,603$8,856$7,226
9 years$10,751$9,822$8,966$8,179$7,458$5,909
10 years$9,578$8,657$7,817$7,051$6,354$4,885
11 years$8,618$7,707$6,882$6,136$5,465$4,073
12 years$7,819$6,918$6,107$5,382$4,736$3,420
13 years$7,144$6,251$5,456$4,752$4,130$2,887
14 years$6,565$5,682$4,903$4,218$3,620$2,449
15 years$6,064$5,191$4,426$3,762$3,187$2,085
16 years$5,627$4,763$4,013$3,368$2,817$1,780
17 years$5,241$4,386$3,652$3,026$2,498$1,524
18 years$4,898$4,053$3,334$2,727$2,221$1,308
19 years$4,592$3,756$3,052$2,464$1,980$1,124
20 years$4,316$3,491$2,801$2,232$1,768$968
21 years$4,068$3,251$2,576$2,026$1,582$835
22 years$3,842$3,035$2,374$1,842$1,418$721
23 years$3,636$2,839$2,192$1,677$1,273$623
24 years$3,447$2,660$2,028$1,530$1,144$539
25 years$3,274$2,496$1,878$1,397$1,030$466
26 years$3,115$2,346$1,742$1,277$928$404
27 years$2,967$2,208$1,617$1,169$836$350
28 years$2,831$2,080$1,503$1,071$755$303
29 years$2,704$1,962$1,399$982$681$263
30 years$2,585$1,853$1,303$902$616$228
31 years$2,475$1,752$1,215$828$557$198
32 years$2,371$1,658$1,134$761$503$172
33 years$2,274$1,570$1,058$700$456$149
34 years$2,183$1,488$989$644$413$130
35 years$2,098$1,411$925$593$374$113
36 years$2,017$1,339$865$546$339$98
37 years$1,941$1,272$810$503$307$85
38 years$1,869$1,209$758$464$278$74
39 years$1,801$1,150$710$427$252$64
40 years$1,736$1,094$666$394$229$56
41 years$1,675$1,041$624$364$208$48
42 years$1,617$992$586$336$188$42
43 years$1,562$945$549$310$171$37
44 years$1,509$901$516$286$155$32
45 years$1,459$859$484$264$141$28
46 years$1,411$819$455$244$128$24
47 years$1,365$782$427$226$116$21
48 years$1,322$746$402$208$105$18
49 years$1,280$713$377$193$96$16
50 years$1,240$681$355$178$87$14

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 $4,752 every year, while hoping to spend $46,314 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: 40/45/15 Blend
53$1,270,000$1,270,000$1,270,000$1,270,000
54$1,404,442$1,337,132$1,317,447$1,454,175
55$1,498,417$1,353,373$1,312,303$1,506,147
56$1,600,426$1,368,859$1,305,436$1,557,463
57$1,711,238$1,383,502$1,296,737$1,611,981
58$1,831,701$1,397,211$1,286,095$1,670,015
59$1,962,749$1,409,888$1,273,392$1,731,911
60$2,105,405$1,421,428$1,258,507$1,798,054
61$2,260,801$1,431,722$1,241,311$1,868,868
62$2,430,176$1,440,651$1,221,669$1,944,826
63$2,614,900$1,448,088$1,199,441$2,026,448
64$2,816,476$1,453,900$1,174,478$2,114,311
65$3,036,560$1,457,946$1,146,627$2,209,056
66$3,276,977$1,460,072$1,115,726$2,311,388
67$3,539,732$1,460,120$1,081,607$2,422,093
68$3,827,037$1,457,918$1,044,093$2,542,034
69$4,141,323$1,453,284$1,002,999$2,672,172
70$4,485,271$1,446,028$958,132$2,813,565
71$4,861,830$1,435,944$909,290$2,967,388
72$5,274,247$1,422,817$856,263$3,134,938
73$5,726,102$1,406,416$798,829$3,317,648
74$6,221,333$1,386,499$736,759$3,517,106
75$6,764,280$1,362,808$669,810$3,735,065
76$7,359,720$1,335,070$597,733$3,973,463
77$8,012,919$1,302,995$520,264$4,234,445
78$8,729,672$1,266,278$437,129$4,520,378
79$9,516,367$1,224,594$348,041$4,833,880
80$10,380,037$1,177,599$252,701$5,177,844
81$11,328,431$1,124,932$150,796$5,555,465
82$12,370,084$1,066,207$42,001$5,970,275
83$13,514,400$1,001,018$0$6,426,173
84$14,771,737$928,936$0$6,939,329
85$16,153,506$849,507$0$7,510,586
86$17,672,281$762,249$0$8,138,529
87$19,341,910$666,656$0$8,829,023
88$21,177,654$562,191$0$9,588,541
89$23,196,324$448,288$0$10,424,227
90$25,416,443$324,348$0$11,343,961
91$27,858,418$189,739$0$12,356,440
92$30,544,733$43,793$0$13,471,261
93$33,500,163$0$0$14,699,011
94$36,752,002$0$0$16,107,915
95$40,330,326$0$0$17,682,331
96$44,268,271$0$0$19,415,176
97$48,602,351$0$0$21,322,543
98$53,372,797$0$0$23,422,162
99$58,623,938$0$0$25,733,571
100$64,404,620$0$0$28,278,298