Can I retire at age 54 with 1,330,000?

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 $1,330,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%20%
1 years$109,830$108,852$107,897$106,966$106,056$101,808
2 years$54,371$53,359$52,377$51,426$50,503$46,276
3 years$35,888$34,871$33,892$32,949$32,041$27,969
4 years$26,647$25,634$24,664$23,738$22,852$18,966
5 years$21,105$20,097$19,141$18,233$17,372$13,681
6 years$17,411$16,411$15,468$14,581$13,746$10,253
7 years$14,773$13,782$12,854$11,988$11,179$7,882
8 years$12,796$11,813$10,902$10,056$9,274$6,171
9 years$11,259$10,286$9,389$8,566$7,810$4,895
10 years$10,030$9,066$8,186$7,384$6,655$3,922
11 years$9,026$8,071$7,207$6,426$5,723$3,167
12 years$8,189$7,244$6,396$5,637$4,960$2,572
13 years$7,481$6,547$5,714$4,976$4,325$2,099
14 years$6,876$5,951$5,134$4,417$3,791$1,720
15 years$6,351$5,436$4,636$3,939$3,338$1,413
16 years$5,892$4,988$4,203$3,527$2,950$1,164
17 years$5,488$4,593$3,824$3,169$2,616$961
18 years$5,129$4,244$3,491$2,856$2,326$795
19 years$4,809$3,934$3,196$2,581$2,073$658
20 years$4,520$3,655$2,933$2,337$1,852$545
21 years$4,260$3,405$2,698$2,121$1,657$452
22 years$4,023$3,178$2,487$1,929$1,485$376
23 years$3,808$2,973$2,296$1,757$1,333$312
24 years$3,610$2,785$2,123$1,602$1,198$259
25 years$3,429$2,614$1,967$1,463$1,078$216
26 years$3,262$2,457$1,824$1,338$971$179
27 years$3,107$2,312$1,694$1,225$876$149
28 years$2,964$2,178$1,574$1,122$790$124
29 years$2,831$2,055$1,465$1,029$714$103
30 years$2,707$1,941$1,365$944$645$86
31 years$2,592$1,835$1,272$867$583$72
32 years$2,483$1,736$1,187$797$527$60
33 years$2,382$1,644$1,108$733$477$50
34 years$2,287$1,558$1,036$674$432$41
35 years$2,197$1,478$968$621$391$35
36 years$2,112$1,403$906$572$355$29
37 years$2,033$1,332$848$527$321$24
38 years$1,957$1,266$794$486$291$20
39 years$1,886$1,204$744$448$264$17
40 years$1,818$1,146$697$413$240$14
41 years$1,754$1,090$654$381$217$12
42 years$1,693$1,038$613$352$197$10
43 years$1,635$989$575$325$179$8
44 years$1,580$943$540$300$163$7
45 years$1,528$899$507$277$148$6
46 years$1,478$858$476$256$134$5
47 years$1,430$819$448$236$122$4
48 years$1,384$782$421$218$110$3
49 years$1,340$746$395$202$100$3
50 years$1,299$713$372$186$91$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $1,330,000, adding $6,316 every year, while hoping to spend $29,922 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: 66/19/15 Blend
53$1,330,000$1,330,000$1,330,000$1,330,000
54$1,472,175$1,401,685$1,381,070$1,563,681
55$1,590,500$1,438,531$1,395,499$1,662,453
56$1,719,891$1,476,179$1,409,409$1,766,304
57$1,861,446$1,514,638$1,422,750$1,879,077
58$2,016,373$1,553,914$1,435,471$2,001,646
59$2,186,001$1,594,014$1,447,517$2,134,969
60$2,371,796$1,634,944$1,458,832$2,280,106
61$2,575,371$1,676,708$1,469,355$2,438,221
62$2,798,503$1,719,310$1,479,022$2,610,598
63$3,043,148$1,762,754$1,487,767$2,798,650
64$3,311,461$1,807,042$1,495,520$3,003,933
65$3,605,817$1,852,174$1,502,207$3,228,164
66$3,928,830$1,898,150$1,507,750$3,473,232
67$4,283,379$1,944,968$1,512,068$3,741,219
68$4,672,638$1,992,625$1,515,076$4,034,418
69$5,100,100$2,041,116$1,516,684$4,355,356
70$5,569,615$2,090,436$1,516,798$4,706,818
71$6,085,423$2,140,575$1,515,318$5,091,870
72$6,652,197$2,191,524$1,512,142$5,513,893
73$7,275,082$2,243,270$1,507,160$5,976,610
74$7,959,750$2,295,799$1,500,259$6,484,125
75$8,712,445$2,349,094$1,491,319$7,040,959
76$9,540,051$2,403,136$1,480,214$7,652,095
77$10,450,149$2,457,902$1,466,814$8,323,023
78$11,451,093$2,513,368$1,450,981$9,059,792
79$12,552,087$2,569,506$1,432,571$9,869,069
80$13,763,271$2,626,282$1,411,434$10,758,199
81$15,095,818$2,683,664$1,387,410$11,735,277
82$16,562,038$2,741,611$1,360,336$12,809,224
83$18,175,497$2,800,080$1,330,037$13,989,870
84$19,951,138$2,859,024$1,296,334$15,288,048
85$21,905,429$2,918,392$1,259,037$16,715,695
86$24,056,516$2,978,126$1,217,947$18,285,967
87$26,424,390$3,038,164$1,172,858$20,013,359
88$29,031,082$3,098,438$1,123,553$21,913,849
89$31,900,866$3,158,874$1,069,805$24,005,041
90$35,060,488$3,219,394$1,011,378$26,306,338
91$38,539,424$3,279,909$948,024$28,839,119
92$42,370,147$3,340,327$879,486$31,626,948
93$46,588,445$3,400,546$805,491$34,695,790
94$51,233,751$3,460,457$725,759$38,074,260
95$56,349,516$3,519,942$639,995$41,793,893
96$61,983,621$3,578,874$547,890$45,889,441
97$68,188,829$3,637,118$449,123$50,399,202
98$75,023,279$3,694,526$343,357$55,365,381
99$82,551,037$3,750,941$230,243$60,834,489
100$90,842,701$3,806,195$109,415$66,857,784