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%16.5%
1 years$104,875$103,941$103,030$102,140$101,272$98,583
2 years$51,919$50,952$50,014$49,106$48,225$45,535
3 years$34,269$33,297$32,363$31,463$30,596$27,989
4 years$25,445$24,477$23,552$22,667$21,821$19,317
5 years$20,153$19,190$18,277$17,410$16,588$14,194
6 years$16,625$15,670$14,771$13,923$13,126$10,844
7 years$14,107$13,160$12,274$11,447$10,675$8,505
8 years$12,219$11,281$10,410$9,603$8,856$6,797
9 years$10,751$9,822$8,966$8,179$7,458$5,508
10 years$9,578$8,657$7,817$7,051$6,354$4,512
11 years$8,618$7,707$6,882$6,136$5,465$3,726
12 years$7,819$6,918$6,107$5,382$4,736$3,098
13 years$7,144$6,251$5,456$4,752$4,130$2,589
14 years$6,565$5,682$4,903$4,218$3,620$2,174
15 years$6,064$5,191$4,426$3,762$3,187$1,831
16 years$5,627$4,763$4,013$3,368$2,817$1,547
17 years$5,241$4,386$3,652$3,026$2,498$1,310
18 years$4,898$4,053$3,334$2,727$2,221$1,112
19 years$4,592$3,756$3,052$2,464$1,980$945
20 years$4,316$3,491$2,801$2,232$1,768$805
21 years$4,068$3,251$2,576$2,026$1,582$686
22 years$3,842$3,035$2,374$1,842$1,418$585
23 years$3,636$2,839$2,192$1,677$1,273$500
24 years$3,447$2,660$2,028$1,530$1,144$427
25 years$3,274$2,496$1,878$1,397$1,030$365
26 years$3,115$2,346$1,742$1,277$928$313
27 years$2,967$2,208$1,617$1,169$836$268
28 years$2,831$2,080$1,503$1,071$755$229
29 years$2,704$1,962$1,399$982$681$196
30 years$2,585$1,853$1,303$902$616$168
31 years$2,475$1,752$1,215$828$557$144
32 years$2,371$1,658$1,134$761$503$124
33 years$2,274$1,570$1,058$700$456$106
34 years$2,183$1,488$989$644$413$91
35 years$2,098$1,411$925$593$374$78
36 years$2,017$1,339$865$546$339$67
37 years$1,941$1,272$810$503$307$57
38 years$1,869$1,209$758$464$278$49
39 years$1,801$1,150$710$427$252$42
40 years$1,736$1,094$666$394$229$36
41 years$1,675$1,041$624$364$208$31
42 years$1,617$992$586$336$188$27
43 years$1,562$945$549$310$171$23
44 years$1,509$901$516$286$155$20
45 years$1,459$859$484$264$141$17
46 years$1,411$819$455$244$128$14
47 years$1,365$782$427$226$116$12
48 years$1,322$746$402$208$105$11
49 years$1,280$713$377$193$96$9
50 years$1,240$681$355$178$87$8

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 $6,600 every year, while hoping to spend $57,274 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: 40/30/30 Blend
53$1,270,000$1,270,000$1,270,000$1,270,000
54$1,406,348$1,339,038$1,319,353$1,449,932
55$1,488,856$1,343,712$1,302,612$1,487,023
56$1,577,861$1,346,695$1,283,391$1,521,362
57$1,673,964$1,347,844$1,261,546$1,557,442
58$1,777,827$1,347,007$1,236,926$1,595,463
59$1,890,178$1,344,023$1,209,376$1,635,643
60$2,011,815$1,338,719$1,178,729$1,678,232
61$2,143,617$1,330,914$1,144,814$1,723,506
62$2,286,552$1,320,414$1,107,450$1,771,774
63$2,441,680$1,307,014$1,066,450$1,823,382
64$2,610,171$1,290,498$1,021,616$1,878,716
65$2,793,311$1,270,635$972,742$1,938,206
66$2,992,514$1,247,181$919,614$2,002,333
67$3,209,335$1,219,877$862,006$2,071,631
68$3,445,487$1,188,451$799,683$2,146,696
69$3,702,854$1,152,612$732,399$2,228,192
70$3,983,509$1,112,054$659,898$2,316,856
71$4,289,734$1,066,451$581,912$2,413,510
72$4,624,040$1,015,462$498,160$2,519,065
73$4,989,194$958,721$408,350$2,634,536
74$5,388,239$895,846$312,177$2,761,050
75$5,824,527$826,429$209,322$2,899,856
76$6,301,746$750,041$99,452$3,052,344
77$6,823,959$666,229$0$3,220,053
78$7,395,641$574,512$0$3,410,391
79$8,021,717$474,383$0$3,653,897
80$8,707,611$365,308$0$3,920,925
81$9,459,299$246,719$0$4,213,930
82$10,283,360$118,021$0$4,535,624
83$11,187,040$0$0$4,889,000
84$12,178,321$0$0$5,284,437
85$13,265,994$0$0$5,761,245
86$14,459,742$0$0$6,284,727
87$15,770,232$0$0$6,859,584
88$17,209,214$0$0$7,490,991
89$18,789,629$0$0$8,184,651
90$20,525,737$0$0$8,946,846
91$22,433,244$0$0$9,784,497
92$24,529,454$0$0$10,705,228
93$26,833,431$0$0$11,717,439
94$29,366,175$0$0$12,830,384
95$32,150,824$0$0$14,054,260
96$35,212,871$0$0$15,400,298
97$38,580,400$0$0$16,880,877
98$42,284,355$0$0$18,509,631
99$46,358,830$0$0$20,301,587
100$50,841,387$0$0$22,273,296