Can I retire at age 54 with 1,350,000?

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 $1,350,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.2%
1 years$111,482$110,489$109,520$108,574$107,651$105,348
2 years$55,189$54,161$53,165$52,199$51,262$48,954
3 years$36,427$35,395$34,401$33,445$32,523$30,280
4 years$27,048$26,019$25,035$24,095$23,196$21,036
5 years$21,422$20,399$19,428$18,507$17,633$15,563
6 years$17,673$16,657$15,701$14,800$13,952$11,974
7 years$14,996$13,989$13,048$12,168$11,347$9,461
8 years$12,989$11,991$11,065$10,208$9,413$7,619
9 years$11,429$10,440$9,531$8,695$7,927$6,223
10 years$10,181$9,203$8,309$7,495$6,755$5,138
11 years$9,161$8,193$7,315$6,523$5,809$4,279
12 years$8,312$7,353$6,492$5,721$5,034$3,588
13 years$7,594$6,645$5,800$5,051$4,390$3,025
14 years$6,979$6,040$5,211$4,484$3,848$2,562
15 years$6,446$5,518$4,705$3,999$3,388$2,178
16 years$5,981$5,063$4,266$3,580$2,994$1,857
17 years$5,571$4,662$3,882$3,217$2,655$1,588
18 years$5,206$4,308$3,544$2,899$2,361$1,361
19 years$4,881$3,993$3,244$2,620$2,104$1,168
20 years$4,588$3,710$2,977$2,373$1,880$1,004
21 years$4,324$3,456$2,738$2,153$1,682$865
22 years$4,084$3,226$2,524$1,958$1,508$745
23 years$3,865$3,017$2,330$1,783$1,353$643
24 years$3,665$2,827$2,155$1,626$1,216$555
25 years$3,481$2,653$1,996$1,485$1,095$480
26 years$3,311$2,493$1,851$1,358$986$415
27 years$3,154$2,347$1,719$1,243$889$359
28 years$3,009$2,211$1,598$1,139$802$311
29 years$2,874$2,086$1,487$1,044$724$269
30 years$2,748$1,970$1,385$958$654$233
31 years$2,631$1,862$1,291$880$592$202
32 years$2,521$1,762$1,205$809$535$175
33 years$2,418$1,669$1,125$744$484$152
34 years$2,321$1,582$1,051$684$439$131
35 years$2,230$1,500$983$630$397$114
36 years$2,144$1,424$919$580$360$99
37 years$2,063$1,352$861$535$326$86
38 years$1,987$1,285$806$493$296$74
39 years$1,914$1,222$755$454$268$65
40 years$1,846$1,163$708$419$243$56
41 years$1,781$1,107$664$387$221$49
42 years$1,719$1,054$622$357$200$42
43 years$1,660$1,004$584$329$182$37
44 years$1,604$957$548$304$165$32
45 years$1,551$913$515$281$150$28
46 years$1,500$871$484$259$136$24
47 years$1,451$831$454$240$123$21
48 years$1,405$793$427$222$112$18
49 years$1,361$758$401$205$102$16
50 years$1,318$724$377$189$92$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $1,350,000, adding $3,752 every year, while hoping to spend $27,080 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: 53/35/12 Blend
53$1,350,000$1,350,000$1,350,000$1,350,000
54$1,491,570$1,420,020$1,399,095$1,565,752
55$1,614,897$1,460,788$1,417,152$1,657,448
56$1,749,896$1,502,646$1,434,906$1,753,934
57$1,897,729$1,545,619$1,452,319$1,858,285
58$2,059,675$1,589,732$1,469,349$1,971,252
59$2,237,144$1,635,011$1,485,954$2,093,662
60$2,431,686$1,681,480$1,502,087$2,226,426
61$2,645,012$1,729,167$1,517,701$2,370,546
62$2,879,005$1,778,097$1,532,745$2,527,124
63$3,135,736$1,828,297$1,547,165$2,697,375
64$3,417,491$1,879,794$1,560,905$2,882,635
65$3,726,786$1,932,614$1,573,906$3,084,377
66$4,066,391$1,986,784$1,586,104$3,304,221
67$4,439,358$2,042,333$1,597,435$3,543,953
68$4,849,052$2,099,286$1,607,828$3,805,537
69$5,299,176$2,157,672$1,617,211$4,091,139
70$5,793,812$2,217,518$1,625,508$4,403,143
71$6,337,455$2,278,851$1,632,637$4,744,174
72$6,935,060$2,341,698$1,638,514$5,117,126
73$7,592,082$2,406,088$1,643,050$5,525,186
74$8,314,534$2,472,046$1,646,152$5,971,862
75$9,109,040$2,539,600$1,647,722$6,461,021
76$9,982,899$2,608,776$1,647,657$6,996,924
77$10,944,150$2,679,602$1,645,849$7,584,262
78$12,001,652$2,752,102$1,642,184$8,228,207
79$13,165,169$2,826,303$1,636,545$8,934,453
80$14,445,453$2,902,228$1,628,806$9,709,275
81$15,854,355$2,979,904$1,618,838$10,559,589
82$17,404,933$3,059,352$1,606,502$11,493,012
83$19,111,572$3,140,597$1,591,656$12,517,938
84$20,990,126$3,223,660$1,574,151$13,643,614
85$23,058,062$3,308,562$1,553,827$14,880,232
86$25,334,626$3,395,323$1,530,522$16,239,019
87$27,841,025$3,483,961$1,504,062$17,732,347
88$30,600,628$3,574,494$1,474,267$19,373,849
89$33,639,186$3,666,938$1,440,948$21,178,547
90$36,985,071$3,761,306$1,403,908$23,162,994
91$40,669,548$3,857,610$1,362,939$25,345,430
92$44,727,071$3,955,862$1,317,826$27,745,953
93$49,195,602$4,056,069$1,268,343$30,386,712
94$54,116,973$4,158,236$1,214,252$33,292,113
95$59,537,282$4,262,367$1,155,308$36,489,049
96$65,507,324$4,368,463$1,091,250$40,007,156
97$72,083,074$4,476,520$1,021,810$43,879,094
98$79,326,211$4,586,533$946,704$48,140,848
99$87,304,705$4,698,493$865,638$52,832,078
100$96,093,452$4,812,387$778,304$57,996,486