Can I retire at age 54 with 1,380,000?

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 $1,380,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.1%
1 years$113,959$112,944$111,954$110,987$110,043$106,012
2 years$56,415$55,365$54,346$53,359$52,401$48,385
3 years$37,237$36,181$35,166$34,188$33,246$29,370
4 years$27,649$26,597$25,592$24,630$23,711$20,006
5 years$21,898$20,853$19,860$18,918$18,025$14,500
6 years$18,065$17,028$16,050$15,129$14,262$10,921
7 years$15,329$14,300$13,338$12,439$11,599$8,439
8 years$13,277$12,258$11,311$10,434$9,623$6,642
9 years$11,683$10,672$9,742$8,888$8,104$5,298
10 years$10,407$9,407$8,494$7,661$6,905$4,269
11 years$9,365$8,375$7,478$6,668$5,938$3,467
12 years$8,497$7,517$6,636$5,848$5,146$2,834
13 years$7,763$6,793$5,929$5,163$4,487$2,327
14 years$7,134$6,175$5,327$4,583$3,934$1,918
15 years$6,590$5,641$4,810$4,088$3,463$1,587
16 years$6,114$5,175$4,361$3,660$3,061$1,316
17 years$5,695$4,766$3,968$3,288$2,714$1,093
18 years$5,322$4,404$3,622$2,964$2,413$910
19 years$4,989$4,082$3,316$2,678$2,151$759
20 years$4,690$3,793$3,043$2,425$1,921$633
21 years$4,420$3,533$2,799$2,201$1,719$529
22 years$4,174$3,298$2,580$2,001$1,541$442
23 years$3,951$3,084$2,382$1,823$1,383$370
24 years$3,746$2,890$2,203$1,662$1,243$310
25 years$3,558$2,712$2,041$1,518$1,119$259
26 years$3,384$2,549$1,893$1,388$1,008$217
27 years$3,224$2,399$1,757$1,271$909$182
28 years$3,076$2,260$1,634$1,164$820$153
29 years$2,938$2,132$1,520$1,068$740$128
30 years$2,809$2,014$1,416$980$669$107
31 years$2,689$1,904$1,320$900$605$90
32 years$2,577$1,801$1,232$827$547$76
33 years$2,471$1,706$1,150$760$495$63
34 years$2,372$1,617$1,075$700$448$53
35 years$2,279$1,533$1,005$644$406$45
36 years$2,192$1,455$940$593$368$38
37 years$2,109$1,382$880$547$333$32
38 years$2,031$1,314$824$504$302$26
39 years$1,957$1,249$772$464$274$22
40 years$1,887$1,189$723$428$249$19
41 years$1,820$1,131$678$395$226$16
42 years$1,757$1,078$636$365$205$13
43 years$1,697$1,027$597$337$186$11
44 years$1,640$979$560$311$169$9
45 years$1,585$933$526$287$153$8
46 years$1,533$890$494$265$139$7
47 years$1,484$850$464$245$126$5
48 years$1,436$811$436$226$115$5
49 years$1,391$774$410$209$104$4
50 years$1,347$740$386$193$95$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $1,380,000, adding $2,038 every year, while hoping to spend $33,838 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: 64/12/24 Blend
53$1,380,000$1,380,000$1,380,000$1,380,000
54$1,522,862$1,449,722$1,428,332$1,610,652
55$1,642,191$1,484,755$1,440,178$1,705,179
56$1,772,557$1,520,371$1,451,286$1,804,451
57$1,915,050$1,556,562$1,461,597$1,912,155
58$2,070,871$1,593,319$1,471,047$2,029,119
59$2,241,342$1,630,633$1,479,568$2,156,258
60$2,427,916$1,668,492$1,487,091$2,294,578
61$2,632,196$1,706,881$1,493,542$2,445,190
62$2,855,947$1,745,785$1,498,842$2,609,318
63$3,101,112$1,785,186$1,502,912$2,788,308
64$3,369,830$1,825,065$1,505,664$2,983,647
65$3,664,458$1,865,398$1,507,008$3,196,972
66$3,987,591$1,906,161$1,506,852$3,430,086
67$4,342,089$1,947,327$1,505,095$3,684,979
68$4,731,100$1,988,864$1,501,634$3,963,841
69$5,158,093$2,030,739$1,496,359$4,269,088
70$5,626,889$2,072,915$1,489,157$4,603,382
71$6,141,695$2,115,352$1,479,908$4,969,655
72$6,707,150$2,158,006$1,468,487$5,371,143
73$7,328,359$2,200,828$1,454,761$5,811,407
74$8,010,949$2,243,767$1,438,593$6,294,377
75$8,761,120$2,286,765$1,419,840$6,824,380
76$9,585,699$2,329,761$1,398,349$7,406,187
77$10,492,209$2,372,689$1,373,963$8,045,059
78$11,488,940$2,415,476$1,346,517$8,746,789
79$12,585,023$2,458,046$1,315,836$9,517,767
80$13,790,520$2,500,314$1,281,741$10,365,032
81$15,116,514$2,542,191$1,244,040$11,296,344
82$16,575,220$2,583,579$1,202,537$12,320,257
83$18,180,093$2,624,376$1,157,023$13,446,196
84$19,945,961$2,664,469$1,107,282$14,684,550
85$21,889,160$2,703,738$1,053,086$16,046,771
86$24,027,689$2,742,056$994,200$17,545,478
87$26,381,383$2,779,286$930,374$19,194,581
88$28,972,093$2,815,280$861,351$21,009,410
89$31,823,900$2,849,882$786,859$23,006,861
90$34,963,335$2,882,924$706,617$25,205,556
91$38,419,635$2,914,227$620,328$27,626,018
92$42,225,014$2,943,600$527,685$30,290,868
93$46,414,968$2,970,840$428,366$33,225,036
94$51,028,613$2,995,729$322,034$36,455,998
95$56,109,048$3,018,036$208,339$40,014,035
96$61,703,766$3,037,515$86,913$43,932,522
97$67,865,100$3,053,903$0$48,248,241
98$74,650,719$3,066,923$0$53,012,656
99$82,124,167$3,076,277$0$58,283,980
100$90,355,467$3,081,650$0$64,089,278