Can I retire at age 54 with 1,390,000?

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 $1,390,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.7%
1 years$114,785$113,762$112,765$111,791$110,841$106,527
2 years$56,824$55,766$54,740$53,746$52,781$48,487
3 years$37,507$36,444$35,421$34,435$33,487$29,348
4 years$27,850$26,790$25,777$24,809$23,883$19,931
5 years$22,057$21,004$20,004$19,056$18,155$14,400
6 years$18,196$17,151$16,166$15,239$14,366$10,809
7 years$15,440$14,403$13,434$12,529$11,683$8,325
8 years$13,374$12,346$11,393$10,510$9,692$6,528
9 years$11,767$10,750$9,813$8,952$8,162$5,188
10 years$10,483$9,475$8,555$7,717$6,955$4,165
11 years$9,433$8,435$7,532$6,716$5,981$3,369
12 years$8,558$7,571$6,684$5,891$5,183$2,742
13 years$7,819$6,842$5,972$5,201$4,520$2,243
14 years$7,186$6,219$5,366$4,617$3,962$1,841
15 years$6,637$5,681$4,845$4,117$3,489$1,516
16 years$6,158$5,213$4,392$3,687$3,083$1,252
17 years$5,736$4,801$3,997$3,312$2,734$1,036
18 years$5,361$4,436$3,649$2,985$2,431$858
19 years$5,025$4,111$3,340$2,697$2,167$712
20 years$4,724$3,820$3,065$2,443$1,935$592
21 years$4,452$3,559$2,820$2,217$1,732$492
22 years$4,205$3,322$2,599$2,016$1,552$409
23 years$3,979$3,107$2,399$1,836$1,393$341
24 years$3,773$2,911$2,219$1,674$1,252$284
25 years$3,584$2,732$2,055$1,529$1,127$237
26 years$3,409$2,567$1,906$1,398$1,015$197
27 years$3,248$2,416$1,770$1,280$915$165
28 years$3,098$2,277$1,646$1,173$826$137
29 years$2,959$2,148$1,531$1,075$746$115
30 years$2,829$2,028$1,426$987$674$96
31 years$2,709$1,918$1,330$906$609$80
32 years$2,595$1,814$1,241$833$551$67
33 years$2,489$1,718$1,158$766$499$56
34 years$2,390$1,628$1,082$705$452$47
35 years$2,296$1,545$1,012$649$409$39
36 years$2,208$1,466$947$597$371$32
37 years$2,124$1,392$886$551$336$27
38 years$2,046$1,323$830$507$304$23
39 years$1,971$1,258$777$468$276$19
40 years$1,900$1,197$729$432$250$16
41 years$1,833$1,140$683$398$227$13
42 years$1,770$1,085$641$367$206$11
43 years$1,709$1,034$601$339$187$9
44 years$1,652$986$565$313$170$8
45 years$1,597$940$530$289$154$6
46 years$1,544$897$498$267$140$5
47 years$1,494$856$468$247$127$4
48 years$1,447$817$440$228$115$4
49 years$1,401$780$413$211$105$3
50 years$1,357$745$388$195$95$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $1,390,000, adding $4,261 every year, while hoping to spend $55,509 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: 68/11/21 Blend
53$1,390,000$1,390,000$1,390,000$1,390,000
54$1,536,175$1,462,505$1,440,960$1,632,286
55$1,633,804$1,475,107$1,430,171$1,709,747
56$1,739,530$1,486,465$1,417,160$1,787,614
57$1,854,122$1,496,462$1,401,795$1,871,459
58$1,978,422$1,504,968$1,383,935$1,961,872
59$2,113,359$1,511,850$1,363,435$2,059,501
60$2,259,954$1,516,962$1,340,142$2,165,060
61$2,419,329$1,520,153$1,313,896$2,279,338
62$2,592,719$1,521,259$1,284,530$2,403,207
63$2,781,483$1,520,108$1,251,869$2,537,627
64$2,987,117$1,516,516$1,215,729$2,683,658
65$3,211,266$1,510,288$1,175,919$2,842,469
66$3,455,742$1,501,219$1,132,239$3,015,350
67$3,722,537$1,489,088$1,084,478$3,203,724
68$4,013,846$1,473,663$1,032,418$3,409,161
69$4,332,084$1,454,699$975,830$3,633,394
70$4,679,911$1,431,933$914,475$3,878,333
71$5,060,253$1,405,089$848,101$4,146,086
72$5,476,335$1,373,874$776,448$4,438,978
73$5,931,705$1,337,978$699,243$4,759,573
74$6,430,271$1,297,071$616,200$5,110,701
75$6,976,337$1,250,807$527,022$5,495,483
76$7,574,643$1,198,815$431,396$5,917,359
77$8,230,408$1,140,708$328,999$6,380,125
78$8,949,379$1,076,073$219,491$6,887,970
79$9,737,890$1,004,475$102,517$7,445,509
80$10,602,912$925,451$0$8,057,836
81$11,552,126$838,516$0$8,735,567
82$12,593,994$743,154$0$9,504,733
83$13,737,834$638,821$0$10,349,261
84$14,993,912$524,942$0$11,276,775
85$16,373,537$400,910$0$12,295,681
86$17,889,166$266,084$0$13,415,237
87$19,554,524$119,784$0$14,645,650
88$21,384,729$0$0$15,998,166
89$23,396,438$0$0$17,489,863
90$25,608,001$0$0$19,145,781
91$28,039,634$0$0$20,966,569
92$30,713,613$0$0$22,968,918
93$33,654,476$0$0$25,171,214
94$36,889,261$0$0$27,593,717
95$40,447,758$0$0$30,258,750
96$44,362,790$0$0$33,190,906
97$48,670,520$0$0$36,417,283
98$53,410,794$0$0$39,967,739
99$58,627,516$0$0$43,875,172
100$64,369,061$0$0$48,175,832