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%16.8%
1 years$114,785$113,762$112,765$111,791$110,841$107,768
2 years$56,824$55,766$54,740$53,746$52,781$49,708
3 years$37,507$36,444$35,421$34,435$33,487$30,510
4 years$27,850$26,790$25,777$24,809$23,883$21,025
5 years$22,057$21,004$20,004$19,056$18,155$15,425
6 years$18,196$17,151$16,166$15,239$14,366$11,764
7 years$15,440$14,403$13,434$12,529$11,683$9,211
8 years$13,374$12,346$11,393$10,510$9,692$7,349
9 years$11,767$10,750$9,813$8,952$8,162$5,945
10 years$10,483$9,475$8,555$7,717$6,955$4,860
11 years$9,433$8,435$7,532$6,716$5,981$4,006
12 years$8,558$7,571$6,684$5,891$5,183$3,324
13 years$7,819$6,842$5,972$5,201$4,520$2,773
14 years$7,186$6,219$5,366$4,617$3,962$2,323
15 years$6,637$5,681$4,845$4,117$3,489$1,953
16 years$6,158$5,213$4,392$3,687$3,083$1,646
17 years$5,736$4,801$3,997$3,312$2,734$1,391
18 years$5,361$4,436$3,649$2,985$2,431$1,178
19 years$5,025$4,111$3,340$2,697$2,167$999
20 years$4,724$3,820$3,065$2,443$1,935$849
21 years$4,452$3,559$2,820$2,217$1,732$722
22 years$4,205$3,322$2,599$2,016$1,552$615
23 years$3,979$3,107$2,399$1,836$1,393$524
24 years$3,773$2,911$2,219$1,674$1,252$446
25 years$3,584$2,732$2,055$1,529$1,127$381
26 years$3,409$2,567$1,906$1,398$1,015$325
27 years$3,248$2,416$1,770$1,280$915$278
28 years$3,098$2,277$1,646$1,173$826$237
29 years$2,959$2,148$1,531$1,075$746$203
30 years$2,829$2,028$1,426$987$674$173
31 years$2,709$1,918$1,330$906$609$148
32 years$2,595$1,814$1,241$833$551$127
33 years$2,489$1,718$1,158$766$499$108
34 years$2,390$1,628$1,082$705$452$93
35 years$2,296$1,545$1,012$649$409$79
36 years$2,208$1,466$947$597$371$68
37 years$2,124$1,392$886$551$336$58
38 years$2,046$1,323$830$507$304$50
39 years$1,971$1,258$777$468$276$43
40 years$1,900$1,197$729$432$250$36
41 years$1,833$1,140$683$398$227$31
42 years$1,770$1,085$641$367$206$27
43 years$1,709$1,034$601$339$187$23
44 years$1,652$986$565$313$170$20
45 years$1,597$940$530$289$154$17
46 years$1,544$897$498$267$140$14
47 years$1,494$856$468$247$127$12
48 years$1,447$817$440$228$115$10
49 years$1,401$780$413$211$105$9
50 years$1,357$745$388$195$95$8

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 $4,007 every year, while hoping to spend $20,360 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: 57/14/29 Blend
53$1,390,000$1,390,000$1,390,000$1,390,000
54$1,535,913$1,462,243$1,440,698$1,611,004
55$1,670,913$1,512,230$1,467,299$1,713,044
56$1,819,001$1,563,984$1,494,108$1,821,750
57$1,981,490$1,617,570$1,521,111$1,939,832
58$2,159,827$1,673,056$1,548,293$2,068,202
59$2,355,606$1,730,512$1,575,637$2,207,867
60$2,570,581$1,790,010$1,603,124$2,359,936
61$2,806,686$1,851,627$1,630,736$2,525,628
62$3,066,053$1,915,442$1,658,450$2,706,286
63$3,351,027$1,981,535$1,686,245$2,903,390
64$3,664,194$2,049,992$1,714,096$3,118,569
65$4,008,402$2,120,902$1,741,979$3,353,618
66$4,386,789$2,194,356$1,769,864$3,610,512
67$4,802,811$2,270,449$1,797,725$3,891,429
68$5,260,278$2,349,281$1,825,528$4,198,767
69$5,763,384$2,430,954$1,853,242$4,535,165
70$6,316,755$2,515,576$1,880,831$4,903,534
71$6,925,482$2,603,258$1,908,257$5,307,079
72$7,595,179$2,694,115$1,935,481$5,749,329
73$8,332,029$2,788,269$1,962,462$6,234,174
74$9,142,845$2,885,843$1,989,153$6,765,898
75$10,035,134$2,986,968$2,015,509$7,349,223
76$11,017,168$3,091,780$2,041,478$7,989,349
77$12,098,060$3,200,418$2,067,009$8,692,005
78$13,287,854$3,313,030$2,092,045$9,463,504
79$14,597,613$3,429,767$2,116,527$10,310,802
80$16,039,532$3,550,788$2,140,393$11,241,563
81$17,627,045$3,676,257$2,163,577$12,264,229
82$19,374,956$3,806,345$2,186,009$13,388,103
83$21,299,577$3,941,232$2,207,616$14,623,438
84$23,418,883$4,081,102$2,228,320$15,981,527
85$25,752,681$4,226,148$2,248,041$17,474,817
86$28,322,796$4,376,571$2,266,692$19,117,019
87$31,153,279$4,532,580$2,284,184$20,923,246
88$34,270,629$4,694,393$2,300,420$22,910,146
89$37,704,051$4,862,235$2,315,301$25,096,067
90$41,485,722$5,036,343$2,328,722$27,501,224
91$45,651,104$5,216,962$2,340,572$30,147,895
92$50,239,270$5,404,347$2,350,735$33,060,627
93$55,293,280$5,598,764$2,359,089$36,266,470
94$60,860,581$5,800,490$2,365,505$39,795,228
95$66,993,460$6,009,814$2,369,849$43,679,749
96$73,749,533$6,227,034$2,371,979$47,956,224
97$81,192,292$6,452,465$2,371,747$52,664,538
98$89,391,701$6,686,432$2,368,996$57,848,638
99$98,424,861$6,929,274$2,363,564$63,556,957
100$108,376,733$7,181,344$2,355,279$69,842,860