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

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 $1,370,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.7%
1 years$113,133$112,126$111,142$110,183$109,246$106,260
2 years$56,007$54,964$53,953$52,972$52,022$49,036
3 years$36,967$35,919$34,911$33,940$33,005$30,111
4 years$27,449$26,404$25,406$24,452$23,539$20,761
5 years$21,740$20,701$19,716$18,781$17,894$15,239
6 years$17,935$16,904$15,934$15,020$14,159$11,629
7 years$15,218$14,196$13,241$12,348$11,515$9,111
8 years$13,181$12,169$11,229$10,359$9,553$7,273
9 years$11,598$10,595$9,672$8,823$8,045$5,887
10 years$10,332$9,339$8,432$7,606$6,855$4,816
11 years$9,297$8,314$7,424$6,619$5,895$3,972
12 years$8,435$7,462$6,588$5,806$5,109$3,298
13 years$7,706$6,744$5,886$5,126$4,455$2,753
14 years$7,082$6,130$5,289$4,550$3,905$2,308
15 years$6,542$5,600$4,775$4,058$3,438$1,941
16 years$6,070$5,138$4,329$3,633$3,039$1,638
17 years$5,653$4,732$3,939$3,265$2,694$1,385
18 years$5,284$4,372$3,596$2,942$2,396$1,174
19 years$4,953$4,052$3,292$2,658$2,135$996
20 years$4,656$3,765$3,021$2,408$1,907$847
21 years$4,388$3,507$2,779$2,185$1,707$721
22 years$4,144$3,274$2,561$1,987$1,530$614
23 years$3,922$3,062$2,365$1,809$1,373$524
24 years$3,719$2,869$2,187$1,650$1,234$447
25 years$3,532$2,692$2,026$1,507$1,111$382
26 years$3,360$2,530$1,879$1,378$1,001$326
27 years$3,201$2,381$1,745$1,261$902$279
28 years$3,053$2,244$1,622$1,156$814$238
29 years$2,916$2,117$1,509$1,060$735$204
30 years$2,789$1,999$1,406$973$664$174
31 years$2,670$1,890$1,311$893$600$149
32 years$2,558$1,788$1,223$821$543$128
33 years$2,453$1,693$1,142$755$492$109
34 years$2,355$1,605$1,067$695$445$94
35 years$2,263$1,522$997$639$403$80
36 years$2,176$1,445$933$589$365$69
37 years$2,094$1,372$873$543$331$59
38 years$2,016$1,304$818$500$300$50
39 years$1,943$1,240$766$461$272$43
40 years$1,873$1,180$718$425$247$37
41 years$1,807$1,123$673$392$224$32
42 years$1,744$1,070$632$362$203$27
43 years$1,685$1,019$593$334$184$23
44 years$1,628$972$556$309$167$20
45 years$1,574$926$522$285$152$17
46 years$1,522$884$491$263$138$15
47 years$1,473$843$461$243$125$13
48 years$1,426$805$433$225$114$11
49 years$1,381$769$407$208$103$9
50 years$1,338$734$383$192$94$8

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 $3,971 every year, while hoping to spend $48,581 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: 70/5/25 Blend
53$1,370,000$1,370,000$1,370,000$1,370,000
54$1,513,836$1,441,226$1,419,991$1,609,919
55$1,616,558$1,460,156$1,415,871$1,693,674
56$1,728,128$1,478,386$1,409,985$1,779,308
57$1,849,400$1,495,829$1,402,222$1,871,905
58$1,981,309$1,512,395$1,392,466$1,972,150
59$2,124,885$1,527,985$1,380,597$2,080,803
60$2,281,263$1,542,496$1,366,486$2,198,699
61$2,451,691$1,555,817$1,350,002$2,326,763
62$2,637,540$1,567,829$1,331,004$2,466,010
63$2,840,323$1,578,407$1,309,347$2,617,563
64$3,061,704$1,587,416$1,284,878$2,782,657
65$3,303,512$1,594,715$1,257,436$2,962,658
66$3,567,765$1,600,150$1,226,855$3,159,069
67$3,856,682$1,603,562$1,192,959$3,373,548
68$4,172,705$1,604,779$1,155,565$3,607,925
69$4,518,527$1,603,618$1,114,482$3,864,217
70$4,897,108$1,599,887$1,069,508$4,144,645
71$5,311,712$1,593,381$1,020,436$4,451,664
72$5,765,932$1,583,881$967,045$4,787,975
73$6,263,723$1,571,157$909,107$5,156,561
74$6,809,443$1,554,965$846,383$5,560,708
75$7,407,891$1,535,043$778,622$6,004,040
76$8,064,354$1,511,118$705,564$6,490,553
77$8,784,653$1,482,898$626,935$7,024,652
78$9,575,201$1,450,073$542,451$7,611,196
79$10,443,062$1,412,317$451,813$8,255,538
80$11,396,017$1,369,284$354,712$8,963,584
81$12,442,639$1,320,606$250,822$9,741,843
82$13,592,369$1,265,897$139,806$10,597,491
83$14,855,609$1,204,745$21,308$11,538,440
84$16,243,820$1,136,716$0$12,573,412
85$17,769,626$1,061,352$0$13,740,071
86$19,446,936$978,166$0$15,028,857
87$21,291,073$886,645$0$16,445,874
88$23,318,919$786,248$0$18,004,115
89$25,549,075$676,400$0$19,717,897
90$28,002,032$556,495$0$21,602,996
91$30,700,371$425,894$0$23,676,795
92$33,668,966$283,921$0$25,958,448
93$36,935,229$129,861$0$28,469,059
94$40,529,360$0$0$31,231,885
95$44,484,634$0$0$34,274,591
96$48,837,717$0$0$37,631,272
97$53,629,007$0$0$41,325,946
98$58,903,018$0$0$45,392,949
99$64,708,801$0$0$49,870,117
100$71,100,399$0$0$54,799,139