Can I retire at age 54 with 1,300,000?

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 $1,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.3%
1 years$107,353$106,397$105,464$104,553$103,664$102,241
2 years$53,145$52,155$51,196$50,266$49,364$47,933
3 years$35,078$34,084$33,127$32,206$31,318$29,924
4 years$26,046$25,055$24,108$23,202$22,337$20,989
5 years$20,629$19,644$18,709$17,822$16,980$15,684
6 years$17,018$16,041$15,120$14,252$13,436$12,192
7 years$14,440$13,471$12,564$11,718$10,927$9,736
8 years$12,508$11,547$10,656$9,830$9,065$7,927
9 years$11,005$10,054$9,178$8,373$7,634$6,548
10 years$9,804$8,862$8,001$7,217$6,504$5,470
11 years$8,822$7,889$7,044$6,281$5,594$4,610
12 years$8,004$7,081$6,252$5,509$4,848$3,914
13 years$7,313$6,399$5,585$4,864$4,227$3,341
14 years$6,720$5,817$5,018$4,318$3,706$2,866
15 years$6,208$5,314$4,531$3,851$3,263$2,469
16 years$5,759$4,875$4,108$3,448$2,884$2,134
17 years$5,364$4,490$3,738$3,098$2,557$1,849
18 years$5,014$4,149$3,412$2,792$2,273$1,606
19 years$4,700$3,845$3,124$2,523$2,026$1,398
20 years$4,418$3,573$2,867$2,285$1,810$1,219
21 years$4,164$3,328$2,637$2,074$1,620$1,065
22 years$3,932$3,107$2,430$1,885$1,452$932
23 years$3,722$2,906$2,244$1,717$1,303$816
24 years$3,529$2,722$2,075$1,566$1,171$715
25 years$3,352$2,555$1,922$1,430$1,054$627
26 years$3,188$2,401$1,783$1,308$949$550
27 years$3,037$2,260$1,655$1,197$856$484
28 years$2,897$2,129$1,539$1,097$772$425
29 years$2,767$2,009$1,432$1,006$697$374
30 years$2,646$1,897$1,334$923$630$329
31 years$2,533$1,793$1,244$848$570$289
32 years$2,427$1,697$1,160$779$515$255
33 years$2,328$1,607$1,083$716$466$224
34 years$2,235$1,523$1,012$659$422$198
35 years$2,147$1,445$946$607$382$174
36 years$2,065$1,371$885$559$347$153
37 years$1,987$1,302$829$515$314$135
38 years$1,913$1,238$776$475$285$119
39 years$1,843$1,177$727$438$258$105
40 years$1,777$1,120$681$404$234$93
41 years$1,715$1,066$639$372$212$82
42 years$1,655$1,015$599$344$193$72
43 years$1,598$967$562$317$175$64
44 years$1,545$922$528$293$159$56
45 years$1,493$879$496$271$144$50
46 years$1,444$839$466$250$131$44
47 years$1,398$800$437$231$119$39
48 years$1,353$764$411$213$108$34
49 years$1,310$730$386$197$98$30
50 years$1,269$697$363$182$89$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $1,300,000, adding $5,339 every year, while hoping to spend $38,522 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: 40/43/17 Blend
53$1,300,000$1,300,000$1,300,000$1,300,000
54$1,438,107$1,369,207$1,349,057$1,488,176
55$1,543,807$1,395,311$1,353,263$1,550,424
56$1,658,997$1,421,403$1,356,320$1,613,593
57$1,784,605$1,447,442$1,358,146$1,681,118
58$1,921,651$1,473,383$1,358,661$1,753,412
59$2,071,259$1,499,178$1,357,775$1,830,934
60$2,234,665$1,524,776$1,355,398$1,914,191
61$2,413,231$1,550,120$1,351,434$2,003,740
62$2,608,455$1,575,150$1,345,782$2,100,198
63$2,821,988$1,599,804$1,338,336$2,204,244
64$3,055,647$1,624,010$1,328,987$2,316,629
65$3,311,432$1,647,696$1,317,617$2,438,180
66$3,591,547$1,670,782$1,304,106$2,569,814
67$3,898,418$1,693,183$1,288,326$2,712,537
68$4,234,716$1,714,808$1,270,145$2,867,464
69$4,603,384$1,735,561$1,249,422$3,035,823
70$5,007,663$1,755,338$1,226,012$3,218,972
71$5,451,123$1,774,027$1,199,761$3,418,406
72$5,937,696$1,791,512$1,170,511$3,635,779
73$6,471,711$1,807,667$1,138,094$3,872,911
74$7,057,939$1,822,356$1,102,334$4,131,816
75$7,701,635$1,835,438$1,063,048$4,414,714
76$8,408,588$1,846,761$1,020,046$4,724,052
77$9,185,173$1,856,161$973,127$5,062,536
78$10,038,416$1,863,468$922,082$5,433,145
79$10,976,055$1,868,498$866,692$5,839,171
80$12,006,615$1,871,057$806,729$6,284,245
81$13,139,489$1,870,938$741,953$6,772,371
82$14,385,024$1,867,921$672,116$7,307,967
83$15,754,621$1,861,774$596,956$7,895,909
84$17,260,840$1,852,249$516,202$8,541,573
85$18,917,519$1,839,083$429,568$9,250,892
86$20,739,906$1,821,998$336,759$10,030,409
87$22,744,800$1,800,700$237,464$10,887,342
88$24,950,710$1,774,874$131,360$11,829,651
89$27,378,030$1,744,191$18,108$12,866,118
90$30,049,231$1,708,297$0$14,006,428
91$32,989,071$1,666,823$0$15,279,900
92$36,224,832$1,619,372$0$16,684,394
93$39,786,573$1,565,530$0$18,229,683
94$43,707,416$1,504,853$0$19,930,167
95$48,023,857$1,436,876$0$21,801,724
96$52,776,111$1,361,103$0$23,861,856
97$58,008,490$1,277,013$0$26,129,861
98$63,769,822$1,184,053$0$28,627,011
99$70,113,911$1,081,639$0$31,376,759
100$77,100,044$969,153$0$34,404,961