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

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 $1,310,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.3%
1 years$108,179$107,215$106,275$105,357$104,461$100,555
2 years$53,554$52,556$51,590$50,653$49,743$45,853
3 years$35,348$34,346$33,382$32,454$31,559$27,806
4 years$26,247$25,248$24,294$23,381$22,508$18,922
5 years$20,787$19,795$18,853$17,959$17,110$13,700
6 years$17,149$16,164$15,236$14,362$13,539$10,307
7 years$14,551$13,574$12,661$11,808$11,011$7,956
8 years$12,604$11,636$10,738$9,905$9,135$6,254
9 years$11,090$10,131$9,248$8,437$7,693$4,982
10 years$9,880$8,930$8,063$7,273$6,554$4,010
11 years$8,890$7,950$7,098$6,329$5,637$3,252
12 years$8,066$7,135$6,300$5,552$4,885$2,654
13 years$7,369$6,448$5,628$4,901$4,260$2,177
14 years$6,772$5,861$5,057$4,351$3,734$1,792
15 years$6,255$5,354$4,566$3,880$3,288$1,480
16 years$5,804$4,913$4,140$3,474$2,906$1,225
17 years$5,406$4,524$3,767$3,122$2,576$1,017
18 years$5,052$4,181$3,439$2,813$2,291$845
19 years$4,736$3,875$3,148$2,542$2,042$703
20 years$4,452$3,600$2,889$2,302$1,824$586
21 years$4,196$3,354$2,657$2,089$1,632$489
22 years$3,963$3,131$2,449$1,900$1,463$408
23 years$3,750$2,928$2,261$1,730$1,313$341
24 years$3,556$2,743$2,091$1,578$1,180$285
25 years$3,377$2,574$1,937$1,441$1,062$238
26 years$3,213$2,420$1,797$1,318$957$199
27 years$3,061$2,277$1,668$1,206$863$167
28 years$2,920$2,146$1,551$1,105$778$140
29 years$2,789$2,024$1,443$1,013$703$117
30 years$2,667$1,912$1,344$930$635$98
31 years$2,553$1,807$1,253$854$574$82
32 years$2,446$1,710$1,169$785$519$69
33 years$2,346$1,619$1,092$722$470$58
34 years$2,252$1,535$1,020$664$426$48
35 years$2,164$1,456$954$611$385$40
36 years$2,081$1,382$892$563$349$34
37 years$2,002$1,312$835$519$317$28
38 years$1,928$1,247$782$478$287$24
39 years$1,858$1,186$733$441$260$20
40 years$1,791$1,128$687$407$236$17
41 years$1,728$1,074$644$375$214$14
42 years$1,668$1,023$604$346$194$12
43 years$1,611$975$567$320$176$10
44 years$1,556$929$532$295$160$8
45 years$1,505$886$500$273$145$7
46 years$1,455$845$469$252$132$6
47 years$1,408$806$441$233$120$5
48 years$1,363$770$414$215$109$4
49 years$1,320$735$389$199$99$3
50 years$1,279$702$366$184$90$3

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 $6,502 every year, while hoping to spend $59,572 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: 39/50/11 Blend
53$1,310,000$1,310,000$1,310,000$1,310,000
54$1,450,327$1,380,897$1,360,592$1,501,825
55$1,534,876$1,385,177$1,342,787$1,543,147
56$1,626,053$1,387,670$1,322,390$1,581,457
57$1,724,470$1,388,225$1,299,250$1,621,555
58$1,830,801$1,386,684$1,273,210$1,663,630
59$1,945,787$1,382,875$1,244,107$1,707,891
60$2,070,241$1,376,620$1,211,768$1,754,576
61$2,205,058$1,367,726$1,176,015$1,803,946
62$2,351,221$1,355,992$1,136,659$1,856,299
63$2,509,812$1,341,203$1,093,503$1,911,964
64$2,682,021$1,323,129$1,046,343$1,971,309
65$2,869,155$1,301,531$994,964$2,034,745
66$3,072,655$1,276,152$939,141$2,102,733
67$3,294,103$1,246,720$878,640$2,175,783
68$3,535,242$1,212,950$813,215$2,254,466
69$3,797,989$1,174,537$742,610$2,339,418
70$4,084,454$1,131,160$666,558$2,431,347
71$4,396,960$1,082,478$584,778$2,531,041
72$4,738,061$1,028,131$496,980$2,639,376
73$5,110,572$967,738$402,858$2,757,328
74$5,517,590$900,897$302,093$2,885,979
75$5,962,524$827,181$194,353$3,026,535
76$6,449,129$746,140$79,292$3,180,334
77$6,981,539$657,300$0$3,348,862
78$7,564,304$560,155$0$3,538,874
79$8,202,436$454,176$0$3,757,358
80$8,901,455$338,802$0$3,997,076
81$9,667,439$213,438$0$4,260,330
82$10,507,081$77,460$0$4,549,666
83$11,427,754$0$0$4,867,907
84$12,437,577$0$0$5,256,577
85$13,545,495$0$0$5,729,940
86$14,761,357$0$0$6,249,606
87$16,096,016$0$0$6,820,238
88$17,561,423$0$0$7,446,969
89$19,170,745$0$0$8,135,456
90$20,938,488$0$0$8,891,928
91$22,880,628$0$0$9,723,250
92$25,014,768$0$0$10,636,984
93$27,360,301$0$0$11,641,460
94$29,938,590$0$0$12,745,857
95$32,773,172$0$0$13,960,288
96$35,889,978$0$0$15,295,892
97$39,317,577$0$0$16,764,945
98$43,087,446$0$0$18,380,971
99$47,234,266$0$0$20,158,871
100$51,796,246$0$0$22,115,063