Can I retire at age 54 with 1,290,000?

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 $1,290,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.5%
1 years$106,527$105,578$104,652$103,749$102,866$99,733
2 years$52,736$51,754$50,802$49,879$48,984$45,854
3 years$34,808$33,822$32,872$31,958$31,077$28,049
4 years$25,846$24,863$23,923$23,024$22,165$19,262
5 years$20,470$19,493$18,565$17,685$16,849$14,079
6 years$16,887$15,917$15,003$14,143$13,332$10,697
7 years$14,329$13,367$12,468$11,627$10,843$8,342
8 years$12,411$11,458$10,574$9,754$8,995$6,628
9 years$10,921$9,976$9,107$8,308$7,575$5,339
10 years$9,729$8,794$7,940$7,162$6,454$4,346
11 years$8,754$7,829$6,990$6,233$5,551$3,566
12 years$7,943$7,026$6,203$5,467$4,810$2,945
13 years$7,256$6,350$5,542$4,827$4,195$2,445
14 years$6,669$5,772$4,980$4,284$3,677$2,039
15 years$6,160$5,273$4,496$3,821$3,238$1,705
16 years$5,715$4,838$4,076$3,421$2,861$1,430
17 years$5,323$4,455$3,709$3,074$2,537$1,203
18 years$4,975$4,117$3,386$2,770$2,256$1,013
19 years$4,664$3,815$3,100$2,503$2,011$855
20 years$4,384$3,545$2,845$2,267$1,796$722
21 years$4,132$3,302$2,617$2,058$1,607$611
22 years$3,902$3,083$2,412$1,871$1,441$517
23 years$3,693$2,883$2,227$1,704$1,293$438
24 years$3,502$2,701$2,059$1,554$1,162$372
25 years$3,326$2,535$1,907$1,419$1,046$315
26 years$3,164$2,383$1,769$1,298$942$268
27 years$3,014$2,242$1,643$1,188$849$227
28 years$2,875$2,113$1,527$1,088$766$193
29 years$2,746$1,993$1,421$998$692$164
30 years$2,626$1,882$1,324$916$625$139
31 years$2,514$1,780$1,234$841$565$118
32 years$2,409$1,684$1,151$773$511$101
33 years$2,310$1,595$1,075$711$463$86
34 years$2,218$1,511$1,004$654$419$73
35 years$2,131$1,433$939$602$380$62
36 years$2,049$1,361$879$555$344$53
37 years$1,971$1,292$822$511$312$45
38 years$1,898$1,228$770$471$283$38
39 years$1,829$1,168$721$434$256$32
40 years$1,764$1,111$676$400$232$28
41 years$1,701$1,058$634$370$211$23
42 years$1,642$1,007$595$341$191$20
43 years$1,586$960$558$315$174$17
44 years$1,533$915$524$291$158$14
45 years$1,482$872$492$268$143$12
46 years$1,433$832$462$248$130$10
47 years$1,387$794$434$229$118$9
48 years$1,342$758$408$212$107$8
49 years$1,300$724$383$196$97$6
50 years$1,259$692$360$181$88$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $1,290,000, adding $5,249 every year, while hoping to spend $28,243 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: 52/20/28 Blend
53$1,290,000$1,290,000$1,290,000$1,290,000
54$1,426,994$1,358,624$1,338,629$1,489,746
55$1,542,497$1,395,147$1,353,423$1,570,438
56$1,668,835$1,432,512$1,367,766$1,654,893
57$1,807,083$1,470,732$1,381,613$1,746,211
58$1,958,425$1,509,817$1,394,916$1,845,058
59$2,124,165$1,549,779$1,407,627$1,952,171
60$2,305,739$1,590,627$1,419,691$2,068,359
61$2,504,728$1,632,371$1,431,054$2,194,513
62$2,722,874$1,675,021$1,441,658$2,331,618
63$2,962,094$1,718,584$1,451,441$2,480,757
64$3,224,502$1,763,069$1,460,339$2,643,122
65$3,512,424$1,808,482$1,468,283$2,820,030
66$3,828,424$1,854,830$1,475,202$3,012,930
67$4,175,323$1,902,117$1,481,022$3,223,418
68$4,556,234$1,950,348$1,485,664$3,453,257
69$4,974,580$1,999,526$1,489,044$3,704,384
70$5,434,137$2,049,652$1,491,076$3,978,938
71$5,939,061$2,100,727$1,491,670$4,279,276
72$6,493,932$2,152,750$1,490,728$4,607,994
73$7,103,797$2,205,719$1,488,151$4,967,953
74$7,774,213$2,259,628$1,483,833$5,362,309
75$8,511,306$2,314,473$1,477,664$5,794,537
76$9,321,822$2,370,245$1,469,529$6,268,469
77$10,213,195$2,426,934$1,459,305$6,788,327
78$11,193,615$2,484,528$1,446,866$7,358,766
79$12,272,106$2,543,012$1,432,079$7,984,915
80$13,458,611$2,602,370$1,414,804$8,672,428
81$14,764,084$2,662,581$1,394,894$9,427,536
82$16,200,596$2,723,622$1,372,198$10,257,106
83$17,781,444$2,785,467$1,346,554$11,168,707
84$19,521,283$2,848,087$1,317,796$12,170,683
85$21,436,259$2,911,448$1,285,747$13,272,228
86$23,544,162$2,975,514$1,250,224$14,483,476
87$25,864,596$3,040,243$1,211,036$15,815,596
88$28,419,160$3,105,591$1,167,981$17,280,898
89$31,231,656$3,171,506$1,120,850$18,892,951
90$34,328,309$3,237,934$1,069,422$20,666,708
91$37,738,018$3,304,814$1,013,469$22,618,650
92$41,492,626$3,372,080$952,751$24,766,941
93$45,627,222$3,439,660$887,016$27,131,601
94$50,180,471$3,507,476$816,004$29,734,695
95$55,194,978$3,575,441$739,439$32,600,540
96$60,717,692$3,643,464$657,037$35,755,939
97$66,800,347$3,711,445$568,498$39,230,428
98$73,499,951$3,779,274$473,510$43,056,563
99$80,879,322$3,846,834$371,749$47,270,224
100$89,007,684$3,914,000$262,874$51,910,953