Can I retire at age 54 with 1,370,000?

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 $1,370,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.2%
1 years$113,133$112,126$111,142$110,183$109,246$105,202
2 years$56,007$54,964$53,953$52,972$52,022$47,994
3 years$36,967$35,919$34,911$33,940$33,005$29,119
4 years$27,449$26,404$25,406$24,452$23,539$19,825
5 years$21,740$20,701$19,716$18,781$17,894$14,361
6 years$17,935$16,904$15,934$15,020$14,159$10,810
7 years$15,218$14,196$13,241$12,348$11,515$8,349
8 years$13,181$12,169$11,229$10,359$9,553$6,567
9 years$11,598$10,595$9,672$8,823$8,045$5,235
10 years$10,332$9,339$8,432$7,606$6,855$4,216
11 years$9,297$8,314$7,424$6,619$5,895$3,422
12 years$8,435$7,462$6,588$5,806$5,109$2,794
13 years$7,706$6,744$5,886$5,126$4,455$2,293
14 years$7,082$6,130$5,289$4,550$3,905$1,889
15 years$6,542$5,600$4,775$4,058$3,438$1,561
16 years$6,070$5,138$4,329$3,633$3,039$1,294
17 years$5,653$4,732$3,939$3,265$2,694$1,074
18 years$5,284$4,372$3,596$2,942$2,396$894
19 years$4,953$4,052$3,292$2,658$2,135$744
20 years$4,656$3,765$3,021$2,408$1,907$621
21 years$4,388$3,507$2,779$2,185$1,707$518
22 years$4,144$3,274$2,561$1,987$1,530$433
23 years$3,922$3,062$2,365$1,809$1,373$362
24 years$3,719$2,869$2,187$1,650$1,234$303
25 years$3,532$2,692$2,026$1,507$1,111$253
26 years$3,360$2,530$1,879$1,378$1,001$212
27 years$3,201$2,381$1,745$1,261$902$178
28 years$3,053$2,244$1,622$1,156$814$149
29 years$2,916$2,117$1,509$1,060$735$125
30 years$2,789$1,999$1,406$973$664$105
31 years$2,670$1,890$1,311$893$600$88
32 years$2,558$1,788$1,223$821$543$73
33 years$2,453$1,693$1,142$755$492$62
34 years$2,355$1,605$1,067$695$445$52
35 years$2,263$1,522$997$639$403$43
36 years$2,176$1,445$933$589$365$36
37 years$2,094$1,372$873$543$331$30
38 years$2,016$1,304$818$500$300$26
39 years$1,943$1,240$766$461$272$21
40 years$1,873$1,180$718$425$247$18
41 years$1,807$1,123$673$392$224$15
42 years$1,744$1,070$632$362$203$13
43 years$1,685$1,019$593$334$184$11
44 years$1,628$972$556$309$167$9
45 years$1,574$926$522$285$152$7
46 years$1,522$884$491$263$138$6
47 years$1,473$843$461$243$125$5
48 years$1,426$805$433$225$114$4
49 years$1,381$769$407$208$103$4
50 years$1,338$734$383$192$94$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $1,370,000, adding $6,853 every year, while hoping to spend $47,165 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: 73/15/12 Blend
53$1,370,000$1,370,000$1,370,000$1,370,000
54$1,516,809$1,444,199$1,422,964$1,623,326
55$1,621,340$1,464,781$1,420,450$1,715,258
56$1,734,953$1,484,792$1,416,271$1,809,421
57$1,858,524$1,504,152$1,410,322$1,911,277
58$1,993,017$1,522,779$1,402,491$2,021,575
59$2,139,493$1,540,584$1,392,663$2,141,141
60$2,299,120$1,557,471$1,380,716$2,270,885
61$2,473,184$1,573,341$1,366,523$2,411,807
62$2,663,097$1,588,084$1,349,951$2,565,013
63$2,870,418$1,601,585$1,330,859$2,731,719
64$3,096,860$1,613,721$1,309,102$2,913,268
65$3,344,309$1,624,363$1,284,527$3,111,137
66$3,614,843$1,633,371$1,256,972$3,326,955
67$3,910,747$1,640,596$1,226,271$3,562,519
68$4,234,540$1,645,882$1,192,248$3,819,806
69$4,588,994$1,649,061$1,154,719$4,100,999
70$4,977,162$1,649,956$1,113,493$4,408,502
71$5,402,406$1,648,378$1,068,369$4,744,966
72$5,868,429$1,644,126$1,019,136$5,113,310
73$6,379,308$1,636,987$965,576$5,516,756
74$6,939,534$1,626,735$907,460$5,958,852
75$7,554,053$1,613,132$844,546$6,443,509
76$8,228,314$1,595,923$776,586$6,975,041
77$8,968,317$1,574,839$703,317$7,558,200
78$9,780,674$1,549,594$624,466$8,198,226
79$10,672,664$1,519,886$539,748$8,900,892
80$11,652,311$1,485,395$448,864$9,672,565
81$12,728,448$1,445,782$351,503$10,520,262
82$13,910,812$1,400,687$247,340$11,451,716
83$15,210,124$1,349,730$136,035$12,475,452
84$16,638,199$1,292,509$17,235$13,600,867
85$18,208,052$1,228,598$0$14,838,319
86$19,934,021$1,157,548$0$16,213,251
87$21,831,906$1,078,882$0$17,727,486
88$23,919,109$992,096$0$19,392,740
89$26,214,809$896,660$0$21,224,353
90$28,740,132$792,009$0$23,239,235
91$31,518,358$677,549$0$25,456,017
92$34,575,135$552,654$0$27,895,235
93$37,938,723$416,658$0$30,579,518
94$41,640,260$268,862$0$33,533,805
95$45,714,055$108,525$0$36,785,579
96$50,197,912$0$0$40,365,128
97$55,133,484$0$0$44,316,583
98$60,566,670$0$0$48,686,227
99$66,548,042$0$0$53,496,828
100$73,133,326$0$0$58,793,216