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%15.5%
1 years$113,959$112,944$111,954$110,987$110,043$107,558
2 years$56,415$55,365$54,346$53,359$52,401$49,911
3 years$37,237$36,181$35,166$34,188$33,246$30,827
4 years$27,649$26,597$25,592$24,630$23,711$21,384
5 years$21,898$20,853$19,860$18,918$18,025$15,795
6 years$18,065$17,028$16,050$15,129$14,262$12,133
7 years$15,329$14,300$13,338$12,439$11,599$9,570
8 years$13,277$12,258$11,311$10,434$9,623$7,693
9 years$11,683$10,672$9,742$8,888$8,104$6,272
10 years$10,407$9,407$8,494$7,661$6,905$5,170
11 years$9,365$8,375$7,478$6,668$5,938$4,297
12 years$8,497$7,517$6,636$5,848$5,146$3,596
13 years$7,763$6,793$5,929$5,163$4,487$3,026
14 years$7,134$6,175$5,327$4,583$3,934$2,557
15 years$6,590$5,641$4,810$4,088$3,463$2,170
16 years$6,114$5,175$4,361$3,660$3,061$1,846
17 years$5,695$4,766$3,968$3,288$2,714$1,575
18 years$5,322$4,404$3,622$2,964$2,413$1,347
19 years$4,989$4,082$3,316$2,678$2,151$1,153
20 years$4,690$3,793$3,043$2,425$1,921$989
21 years$4,420$3,533$2,799$2,201$1,719$850
22 years$4,174$3,298$2,580$2,001$1,541$731
23 years$3,951$3,084$2,382$1,823$1,383$629
24 years$3,746$2,890$2,203$1,662$1,243$542
25 years$3,558$2,712$2,041$1,518$1,119$467
26 years$3,384$2,549$1,893$1,388$1,008$403
27 years$3,224$2,399$1,757$1,271$909$348
28 years$3,076$2,260$1,634$1,164$820$300
29 years$2,938$2,132$1,520$1,068$740$259
30 years$2,809$2,014$1,416$980$669$224
31 years$2,689$1,904$1,320$900$605$194
32 years$2,577$1,801$1,232$827$547$167
33 years$2,471$1,706$1,150$760$495$145
34 years$2,372$1,617$1,075$700$448$125
35 years$2,279$1,533$1,005$644$406$108
36 years$2,192$1,455$940$593$368$94
37 years$2,109$1,382$880$547$333$81
38 years$2,031$1,314$824$504$302$70
39 years$1,957$1,249$772$464$274$61
40 years$1,887$1,189$723$428$249$52
41 years$1,820$1,131$678$395$226$45
42 years$1,757$1,078$636$365$205$39
43 years$1,697$1,027$597$337$186$34
44 years$1,640$979$560$311$169$29
45 years$1,585$933$526$287$153$25
46 years$1,533$890$494$265$139$22
47 years$1,484$850$464$245$126$19
48 years$1,436$811$436$226$115$17
49 years$1,391$774$410$209$104$14
50 years$1,347$740$386$193$95$12

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 $5,302 every year, while hoping to spend $58,249 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: 74/17/9 Blend
53$1,380,000$1,380,000$1,380,000$1,380,000
54$1,526,229$1,453,089$1,431,699$1,636,433
55$1,619,928$1,462,314$1,417,684$1,719,040
56$1,721,232$1,470,039$1,401,248$1,801,670
57$1,830,855$1,476,128$1,382,247$1,890,559
58$1,949,582$1,480,438$1,360,533$1,986,308
59$2,078,278$1,482,818$1,335,949$2,089,580
60$2,217,889$1,483,103$1,308,330$2,201,104
61$2,369,462$1,481,123$1,277,507$2,321,687
62$2,534,143$1,476,695$1,243,300$2,452,214
63$2,713,197$1,469,623$1,205,521$2,593,664
64$2,908,011$1,459,704$1,163,975$2,747,115
65$3,120,116$1,446,717$1,118,456$2,913,757
66$3,351,194$1,430,432$1,068,750$3,094,899
67$3,603,096$1,410,602$1,014,633$3,291,989
68$3,877,859$1,386,969$955,870$3,506,618
69$4,177,726$1,359,256$892,217$3,740,544
70$4,505,165$1,327,172$823,418$3,995,706
71$4,862,895$1,290,406$749,206$4,274,238
72$5,253,907$1,248,632$669,301$4,578,497
73$5,681,494$1,201,504$583,411$4,911,079
74$6,149,284$1,148,655$491,233$5,274,850
75$6,661,269$1,089,697$392,447$5,672,966
76$7,221,846$1,024,220$286,721$6,108,910
77$7,835,857$951,790$173,710$6,586,521
78$8,508,635$871,948$53,050$7,110,033
79$9,246,053$784,210$0$7,684,112
80$10,054,577$688,064$0$8,321,176
81$10,941,332$582,967$0$9,025,539
82$11,914,164$468,347$0$9,798,396
83$12,981,713$343,602$0$10,646,688
84$14,153,501$208,091$0$11,578,063
85$15,440,012$61,141$0$12,600,951
86$16,852,797$0$0$13,724,646
87$18,404,580$0$0$14,977,714
88$20,109,378$0$0$16,366,971
89$21,982,632$0$0$17,893,570
90$24,041,355$0$0$19,571,383
91$26,304,286$0$0$21,415,692
92$28,792,075$0$0$23,443,334
93$31,527,467$0$0$25,672,857
94$34,535,526$0$0$28,124,698
95$37,843,862$0$0$30,821,372
96$41,482,899$0$0$33,787,688
97$45,486,154$0$0$37,050,979
98$49,890,560$0$0$40,641,358
99$54,736,807$0$0$44,592,009
100$60,069,730$0$0$48,939,490