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%19.9%
1 years$113,133$112,126$111,142$110,183$109,246$104,911
2 years$56,007$54,964$53,953$52,972$52,022$47,709
3 years$36,967$35,919$34,911$33,940$33,005$28,849
4 years$27,449$26,404$25,406$24,452$23,539$19,572
5 years$21,740$20,701$19,716$18,781$17,894$14,126
6 years$17,935$16,904$15,934$15,020$14,159$10,592
7 years$15,218$14,196$13,241$12,348$11,515$8,148
8 years$13,181$12,169$11,229$10,359$9,553$6,382
9 years$11,598$10,595$9,672$8,823$8,045$5,066
10 years$10,332$9,339$8,432$7,606$6,855$4,061
11 years$9,297$8,314$7,424$6,619$5,895$3,281
12 years$8,435$7,462$6,588$5,806$5,109$2,667
13 years$7,706$6,744$5,886$5,126$4,455$2,178
14 years$7,082$6,130$5,289$4,550$3,905$1,786
15 years$6,542$5,600$4,775$4,058$3,438$1,469
16 years$6,070$5,138$4,329$3,633$3,039$1,211
17 years$5,653$4,732$3,939$3,265$2,694$1,000
18 years$5,284$4,372$3,596$2,942$2,396$828
19 years$4,953$4,052$3,292$2,658$2,135$686
20 years$4,656$3,765$3,021$2,408$1,907$569
21 years$4,388$3,507$2,779$2,185$1,707$472
22 years$4,144$3,274$2,561$1,987$1,530$392
23 years$3,922$3,062$2,365$1,809$1,373$326
24 years$3,719$2,869$2,187$1,650$1,234$271
25 years$3,532$2,692$2,026$1,507$1,111$226
26 years$3,360$2,530$1,879$1,378$1,001$188
27 years$3,201$2,381$1,745$1,261$902$157
28 years$3,053$2,244$1,622$1,156$814$130
29 years$2,916$2,117$1,509$1,060$735$109
30 years$2,789$1,999$1,406$973$664$91
31 years$2,670$1,890$1,311$893$600$75
32 years$2,558$1,788$1,223$821$543$63
33 years$2,453$1,693$1,142$755$492$52
34 years$2,355$1,605$1,067$695$445$44
35 years$2,263$1,522$997$639$403$36
36 years$2,176$1,445$933$589$365$30
37 years$2,094$1,372$873$543$331$25
38 years$2,016$1,304$818$500$300$21
39 years$1,943$1,240$766$461$272$18
40 years$1,873$1,180$718$425$247$15
41 years$1,807$1,123$673$392$224$12
42 years$1,744$1,070$632$362$203$10
43 years$1,685$1,019$593$334$184$9
44 years$1,628$972$556$309$167$7
45 years$1,574$926$522$285$152$6
46 years$1,522$884$491$263$138$5
47 years$1,473$843$461$243$125$4
48 years$1,426$805$433$225$114$3
49 years$1,381$769$407$208$103$3
50 years$1,338$734$383$192$94$2

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 $2,789 every year, while hoping to spend $36,882 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: 50/24/26 Blend
53$1,370,000$1,370,000$1,370,000$1,370,000
54$1,512,617$1,440,007$1,418,772$1,577,021
55$1,627,662$1,471,325$1,427,059$1,653,532
56$1,753,205$1,502,942$1,434,387$1,732,723
57$1,890,278$1,534,832$1,440,685$1,818,063
58$2,040,018$1,566,971$1,445,880$1,910,151
59$2,203,675$1,599,327$1,449,891$2,009,647
60$2,382,625$1,631,869$1,452,638$2,117,279
61$2,578,385$1,664,563$1,454,033$2,233,852
62$2,792,623$1,697,369$1,453,986$2,360,250
63$3,027,177$1,730,248$1,452,402$2,497,451
64$3,284,072$1,763,153$1,449,180$2,646,532
65$3,565,536$1,796,036$1,444,217$2,808,680
66$3,874,024$1,828,845$1,437,401$2,985,206
67$4,212,239$1,861,522$1,428,618$3,177,554
68$4,583,158$1,894,008$1,417,748$3,387,316
69$4,990,062$1,926,235$1,404,664$3,616,250
70$5,436,561$1,958,134$1,389,233$3,866,291
71$5,926,634$1,989,627$1,371,316$4,139,577
72$6,464,665$2,020,632$1,350,769$4,438,462
73$7,055,480$2,051,063$1,327,440$4,765,543
74$7,704,399$2,080,825$1,301,169$5,123,685
75$8,417,279$2,109,816$1,271,789$5,516,045
76$9,200,574$2,137,930$1,239,127$5,946,106
77$10,061,394$2,165,050$1,202,999$6,417,708
78$11,007,572$2,191,054$1,163,216$6,935,083
79$12,047,738$2,215,809$1,119,577$7,502,901
80$13,191,399$2,239,175$1,071,874$8,126,308
81$14,449,029$2,261,001$1,019,889$8,810,981
82$15,832,168$2,281,129$963,394$9,563,175
83$17,353,532$2,299,387$902,150$10,389,791
84$19,027,130$2,315,594$835,909$11,298,434
85$20,868,395$2,329,557$764,411$12,297,491
86$22,894,336$2,341,069$687,383$13,396,209
87$25,123,689$2,349,913$604,541$14,604,779
88$27,577,102$2,355,855$515,589$15,934,442
89$30,277,322$2,358,648$420,218$17,397,585
90$33,249,417$2,358,030$318,103$19,007,868
91$36,521,006$2,353,721$208,908$20,780,349
92$40,122,521$2,345,426$92,279$22,731,626
93$44,087,497$2,332,830$0$24,879,999
94$48,452,883$2,315,601$0$27,254,569
95$53,259,395$2,293,383$0$29,896,547
96$58,551,897$2,265,803$0$32,804,929
97$64,379,826$2,232,463$0$36,006,854
98$70,797,656$2,192,941$0$39,532,232
99$77,865,414$2,146,792$0$43,414,023
100$85,649,245$2,093,544$0$47,688,554