Can I retire at age 54 with 1,280,000?

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 $1,280,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.6%
1 years$105,701$104,760$103,841$102,944$102,069$98,136
2 years$52,327$51,353$50,408$49,493$48,604$44,688
3 years$34,538$33,560$32,618$31,710$30,837$27,061
4 years$25,646$24,670$23,737$22,846$21,993$18,387
5 years$20,311$19,341$18,421$17,548$16,719$13,292
6 years$16,756$15,794$14,887$14,033$13,229$9,983
7 years$14,218$13,264$12,371$11,537$10,759$7,693
8 years$12,315$11,369$10,492$9,678$8,925$6,036
9 years$10,836$9,899$9,036$8,244$7,516$4,800
10 years$9,653$8,726$7,878$7,106$6,404$3,856
11 years$8,686$7,768$6,936$6,185$5,508$3,121
12 years$7,881$6,972$6,155$5,425$4,773$2,542
13 years$7,200$6,301$5,499$4,789$4,162$2,081
14 years$6,617$5,727$4,941$4,251$3,649$1,709
15 years$6,112$5,232$4,461$3,791$3,212$1,409
16 years$5,671$4,800$4,045$3,395$2,839$1,164
17 years$5,282$4,421$3,681$3,050$2,517$964
18 years$4,936$4,085$3,360$2,749$2,238$799
19 years$4,628$3,786$3,076$2,484$1,995$664
20 years$4,350$3,518$2,823$2,250$1,782$552
21 years$4,100$3,277$2,596$2,042$1,595$459
22 years$3,872$3,059$2,393$1,856$1,429$382
23 years$3,664$2,861$2,210$1,691$1,283$319
24 years$3,475$2,680$2,043$1,542$1,153$266
25 years$3,300$2,515$1,893$1,408$1,038$222
26 years$3,139$2,364$1,755$1,288$935$185
27 years$2,991$2,225$1,630$1,179$843$154
28 years$2,853$2,097$1,515$1,080$761$129
29 years$2,725$1,978$1,410$990$687$108
30 years$2,606$1,868$1,313$909$621$90
31 years$2,494$1,766$1,225$835$561$75
32 years$2,390$1,671$1,142$767$507$63
33 years$2,292$1,582$1,067$705$459$52
34 years$2,201$1,500$997$649$416$44
35 years$2,114$1,422$932$597$377$37
36 years$2,033$1,350$872$550$341$31
37 years$1,956$1,282$816$507$309$26
38 years$1,884$1,219$764$467$280$21
39 years$1,815$1,159$716$431$254$18
40 years$1,750$1,102$671$397$231$15
41 years$1,688$1,049$629$367$209$13
42 years$1,630$999$590$338$190$10
43 years$1,574$952$554$312$172$9
44 years$1,521$908$520$288$156$7
45 years$1,470$866$488$266$142$6
46 years$1,422$826$458$246$129$5
47 years$1,376$788$431$227$117$4
48 years$1,332$752$405$210$106$4
49 years$1,290$718$380$194$97$3
50 years$1,250$686$358$179$88$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $1,280,000, adding $2,541 every year, while hoping to spend $25,928 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: 82/8/10 Blend
53$1,280,000$1,280,000$1,280,000$1,280,000
54$1,413,181$1,345,341$1,325,501$1,526,660
55$1,529,738$1,383,676$1,342,318$1,639,687
56$1,657,315$1,423,019$1,358,830$1,760,058
57$1,797,009$1,463,395$1,374,998$1,891,432
58$1,950,027$1,504,824$1,390,783$2,034,897
59$2,117,699$1,547,330$1,406,143$2,191,653
60$2,301,489$1,590,934$1,421,035$2,363,021
61$2,503,012$1,635,660$1,435,410$2,550,457
62$2,724,043$1,681,532$1,449,220$2,755,561
63$2,966,539$1,728,571$1,462,413$2,980,100
64$3,232,657$1,776,801$1,474,934$3,226,017
65$3,524,769$1,826,246$1,486,726$3,495,454
66$3,845,492$1,876,929$1,497,728$3,790,771
67$4,197,707$1,928,873$1,507,876$4,114,565
68$4,584,587$1,982,101$1,517,104$4,469,700
69$5,009,628$2,036,637$1,525,340$4,859,330
70$5,476,681$2,092,504$1,532,510$5,286,930
71$5,989,990$2,149,724$1,538,537$5,756,327
72$6,554,230$2,208,321$1,543,339$6,271,740
73$7,174,550$2,268,317$1,546,829$6,837,815
74$7,856,623$2,329,734$1,548,917$7,459,672
75$8,606,702$2,392,594$1,549,508$8,142,952
76$9,431,672$2,456,918$1,548,504$8,893,869
77$10,339,123$2,522,728$1,545,799$9,719,273
78$11,337,415$2,590,042$1,541,285$10,626,708
79$12,435,759$2,658,882$1,534,846$11,624,488
80$13,644,305$2,729,266$1,526,361$12,721,775
81$14,974,235$2,801,211$1,515,706$13,928,661
82$16,437,873$2,874,736$1,502,747$15,256,270
83$18,048,793$2,949,855$1,487,347$16,716,857
84$19,821,957$3,026,585$1,469,360$18,323,927
85$21,773,847$3,104,938$1,448,634$20,092,361
86$23,922,626$3,184,927$1,425,010$22,038,555
87$26,288,309$3,266,563$1,398,322$24,180,580
88$28,892,946$3,349,854$1,368,396$26,538,344
89$31,760,838$3,434,809$1,335,049$29,133,789
90$34,918,761$3,521,432$1,298,090$31,991,091
91$38,396,219$3,609,726$1,257,320$35,136,891
92$42,225,723$3,699,693$1,212,531$38,600,547
93$46,443,099$3,791,330$1,163,503$42,414,409
94$51,087,824$3,884,634$1,110,009$46,614,126
95$56,203,398$3,979,597$1,051,810$51,238,982
96$61,837,755$4,076,208$988,656$56,332,267
97$68,043,718$4,174,454$920,288$61,941,684
98$74,879,493$4,274,318$846,433$68,119,801
99$82,409,218$4,375,777$766,806$74,924,547
100$90,703,575$4,478,806$681,110$82,419,758