Can I retire at age 54 with 1,310,000?

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 $1,310,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.8%
1 years$108,179$107,215$106,275$105,357$104,461$103,673
2 years$53,554$52,556$51,590$50,653$49,743$48,948
3 years$35,348$34,346$33,382$32,454$31,559$30,782
4 years$26,247$25,248$24,294$23,381$22,508$21,756
5 years$20,787$19,795$18,853$17,959$17,110$16,384
6 years$17,149$16,164$15,236$14,362$13,539$12,840
7 years$14,551$13,574$12,661$11,808$11,011$10,339
8 years$12,604$11,636$10,738$9,905$9,135$8,491
9 years$11,090$10,131$9,248$8,437$7,693$7,076
10 years$9,880$8,930$8,063$7,273$6,554$5,965
11 years$8,890$7,950$7,098$6,329$5,637$5,074
12 years$8,066$7,135$6,300$5,552$4,885$4,348
13 years$7,369$6,448$5,628$4,901$4,260$3,749
14 years$6,772$5,861$5,057$4,351$3,734$3,248
15 years$6,255$5,354$4,566$3,880$3,288$2,826
16 years$5,804$4,913$4,140$3,474$2,906$2,468
17 years$5,406$4,524$3,767$3,122$2,576$2,161
18 years$5,052$4,181$3,439$2,813$2,291$1,898
19 years$4,736$3,875$3,148$2,542$2,042$1,670
20 years$4,452$3,600$2,889$2,302$1,824$1,473
21 years$4,196$3,354$2,657$2,089$1,632$1,301
22 years$3,963$3,131$2,449$1,900$1,463$1,150
23 years$3,750$2,928$2,261$1,730$1,313$1,019
24 years$3,556$2,743$2,091$1,578$1,180$903
25 years$3,377$2,574$1,937$1,441$1,062$802
26 years$3,213$2,420$1,797$1,318$957$712
27 years$3,061$2,277$1,668$1,206$863$633
28 years$2,920$2,146$1,551$1,105$778$563
29 years$2,789$2,024$1,443$1,013$703$501
30 years$2,667$1,912$1,344$930$635$447
31 years$2,553$1,807$1,253$854$574$398
32 years$2,446$1,710$1,169$785$519$355
33 years$2,346$1,619$1,092$722$470$316
34 years$2,252$1,535$1,020$664$426$282
35 years$2,164$1,456$954$611$385$252
36 years$2,081$1,382$892$563$349$225
37 years$2,002$1,312$835$519$317$201
38 years$1,928$1,247$782$478$287$179
39 years$1,858$1,186$733$441$260$160
40 years$1,791$1,128$687$407$236$143
41 years$1,728$1,074$644$375$214$128
42 years$1,668$1,023$604$346$194$114
43 years$1,611$975$567$320$176$102
44 years$1,556$929$532$295$160$91
45 years$1,505$886$500$273$145$81
46 years$1,455$845$469$252$132$73
47 years$1,408$806$441$233$120$65
48 years$1,363$770$414$215$109$58
49 years$1,320$735$389$199$99$52
50 years$1,279$702$366$184$90$46

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $1,310,000, adding $3,301 every year, while hoping to spend $40,576 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: 84/7/9 Blend
53$1,310,000$1,310,000$1,310,000$1,310,000
54$1,447,025$1,377,595$1,357,290$1,566,574
55$1,551,449$1,401,925$1,359,587$1,669,528
56$1,665,164$1,426,086$1,360,600$1,776,786
57$1,789,076$1,450,029$1,360,245$1,893,342
58$1,924,179$1,473,699$1,358,431$2,020,108
59$2,071,571$1,497,035$1,355,064$2,158,083
60$2,232,457$1,519,975$1,350,044$2,308,371
61$2,408,165$1,542,452$1,343,268$2,472,187
62$2,600,157$1,564,392$1,334,627$2,650,869
63$2,810,043$1,585,717$1,324,007$2,845,890
64$3,039,595$1,606,344$1,311,288$3,058,873
65$3,290,763$1,626,184$1,296,346$3,291,607
66$3,565,695$1,645,142$1,279,048$3,546,060
67$3,866,758$1,663,115$1,259,258$3,824,403
68$4,196,556$1,679,997$1,236,832$4,129,026
69$4,557,958$1,695,670$1,211,620$4,462,563
70$4,954,124$1,710,012$1,183,463$4,827,913
71$5,388,534$1,722,892$1,152,198$5,228,274
72$5,865,019$1,734,168$1,117,651$5,667,168
73$6,387,802$1,743,694$1,079,644$6,148,474
74$6,961,532$1,751,309$1,037,986$6,676,468
75$7,591,331$1,756,846$992,481$7,255,860
76$8,282,841$1,760,125$942,923$7,891,841
77$9,042,276$1,760,957$889,097$8,590,130
78$9,876,484$1,759,139$830,777$9,357,028
79$10,793,005$1,754,457$767,728$10,199,481
80$11,800,148$1,746,682$699,704$11,125,139
81$12,907,068$1,735,574$626,448$12,142,435
82$14,123,847$1,720,875$547,692$13,260,659
83$15,461,595$1,702,314$463,156$14,490,049
84$16,932,554$1,679,603$372,548$15,841,889
85$18,550,207$1,652,436$275,561$17,328,610
86$20,329,412$1,620,490$171,876$18,963,912
87$22,286,540$1,583,422$61,162$20,762,894
88$24,439,626$1,540,868$0$22,742,191
89$26,808,542$1,492,445$0$24,925,611
90$29,415,184$1,437,745$0$27,334,507
91$32,283,676$1,376,339$0$29,985,301
92$35,440,602$1,307,770$0$32,902,565
93$38,915,249$1,231,557$0$36,113,376
94$42,739,892$1,147,190$0$39,647,572
95$46,950,089$1,054,131$0$43,538,030
96$51,585,025$951,810$0$47,820,980
97$56,687,873$839,625$0$52,536,343
98$62,306,210$716,940$0$57,728,111
99$68,492,456$583,082$0$63,444,762
100$75,304,376$437,343$0$69,739,714