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

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 $1,280,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.9%
1 years$105,701$104,760$103,841$102,944$102,069$98,019
2 years$52,327$51,353$50,408$49,493$48,604$44,574
3 years$34,538$33,560$32,618$31,710$30,837$26,954
4 years$25,646$24,670$23,737$22,846$21,993$18,286
5 years$20,311$19,341$18,421$17,548$16,719$13,198
6 years$16,756$15,794$14,887$14,033$13,229$9,896
7 years$14,218$13,264$12,371$11,537$10,759$7,613
8 years$12,315$11,369$10,492$9,678$8,925$5,963
9 years$10,836$9,899$9,036$8,244$7,516$4,733
10 years$9,653$8,726$7,878$7,106$6,404$3,795
11 years$8,686$7,768$6,936$6,185$5,508$3,066
12 years$7,881$6,972$6,155$5,425$4,773$2,492
13 years$7,200$6,301$5,499$4,789$4,162$2,035
14 years$6,617$5,727$4,941$4,251$3,649$1,669
15 years$6,112$5,232$4,461$3,791$3,212$1,372
16 years$5,671$4,800$4,045$3,395$2,839$1,131
17 years$5,282$4,421$3,681$3,050$2,517$934
18 years$4,936$4,085$3,360$2,749$2,238$773
19 years$4,628$3,786$3,076$2,484$1,995$641
20 years$4,350$3,518$2,823$2,250$1,782$531
21 years$4,100$3,277$2,596$2,042$1,595$441
22 years$3,872$3,059$2,393$1,856$1,429$367
23 years$3,664$2,861$2,210$1,691$1,283$305
24 years$3,475$2,680$2,043$1,542$1,153$254
25 years$3,300$2,515$1,893$1,408$1,038$211
26 years$3,139$2,364$1,755$1,288$935$176
27 years$2,991$2,225$1,630$1,179$843$146
28 years$2,853$2,097$1,515$1,080$761$122
29 years$2,725$1,978$1,410$990$687$102
30 years$2,606$1,868$1,313$909$621$85
31 years$2,494$1,766$1,225$835$561$71
32 years$2,390$1,671$1,142$767$507$59
33 years$2,292$1,582$1,067$705$459$49
34 years$2,201$1,500$997$649$416$41
35 years$2,114$1,422$932$597$377$34
36 years$2,033$1,350$872$550$341$28
37 years$1,956$1,282$816$507$309$24
38 years$1,884$1,219$764$467$280$20
39 years$1,815$1,159$716$431$254$16
40 years$1,750$1,102$671$397$231$14
41 years$1,688$1,049$629$367$209$11
42 years$1,630$999$590$338$190$10
43 years$1,574$952$554$312$172$8
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$3
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 $4,282 every year, while hoping to spend $24,014 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: 62/21/17 Blend
53$1,280,000$1,280,000$1,280,000$1,280,000
54$1,414,977$1,347,137$1,327,297$1,496,379
55$1,533,754$1,387,596$1,346,211$1,592,142
56$1,663,841$1,429,233$1,364,953$1,693,552
57$1,806,367$1,472,079$1,383,493$1,803,693
58$1,962,575$1,516,169$1,401,798$1,923,417
59$2,133,832$1,561,536$1,419,833$2,053,659
60$2,321,646$1,608,214$1,437,561$2,195,451
61$2,527,677$1,656,241$1,454,943$2,349,928
62$2,753,755$1,705,650$1,471,937$2,518,340
63$3,001,892$1,756,481$1,488,501$2,702,064
64$3,274,307$1,808,772$1,504,589$2,902,617
65$3,573,445$1,862,560$1,520,151$3,121,667
66$3,901,998$1,917,887$1,535,137$3,361,055
67$4,262,931$1,974,792$1,549,493$3,622,807
68$4,659,511$2,033,318$1,563,163$3,909,153
69$5,095,338$2,093,508$1,576,086$4,222,553
70$5,574,376$2,155,404$1,588,199$4,565,713
71$6,100,996$2,219,051$1,599,436$4,941,617
72$6,680,008$2,284,496$1,609,728$5,353,551
73$7,316,716$2,351,783$1,619,001$5,805,135
74$8,016,961$2,420,961$1,627,178$6,300,358
75$8,787,181$2,492,078$1,634,178$6,843,614
76$9,634,467$2,565,183$1,639,916$7,439,745
77$10,566,632$2,640,326$1,644,303$8,094,084
78$11,592,285$2,717,559$1,647,244$8,812,508
79$12,720,913$2,796,934$1,648,642$9,601,493
80$13,962,967$2,878,504$1,648,391$10,468,172
81$15,329,962$2,962,324$1,646,385$11,420,409
82$16,834,588$3,048,448$1,642,509$12,466,864
83$18,490,827$3,136,932$1,636,644$13,617,081
84$20,314,084$3,227,834$1,628,664$14,881,578
85$22,321,334$3,321,213$1,618,439$16,271,943
86$24,531,284$3,417,125$1,605,830$17,800,944
87$26,964,543$3,515,633$1,590,693$19,482,651
88$29,643,824$3,616,796$1,572,879$21,332,570
89$32,594,151$3,720,676$1,552,227$23,367,785
90$35,843,101$3,827,336$1,528,574$25,607,121
91$39,421,062$3,936,840$1,501,745$28,071,324
92$43,361,516$4,049,251$1,471,559$30,783,254
93$47,701,361$4,164,634$1,437,827$33,768,102
94$52,481,254$4,283,056$1,400,349$37,053,626
95$57,745,999$4,404,583$1,358,918$40,670,416
96$63,544,965$4,529,282$1,313,316$44,652,180
97$69,932,555$4,657,220$1,263,315$49,036,063
98$76,968,719$4,788,467$1,208,679$53,862,999
99$84,719,517$4,923,090$1,149,159$59,178,095
100$93,257,746$5,061,160$1,084,494$65,031,058