Can I retire at age 54 with 1,400,000?

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 $1,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.2%
1 years$115,611$114,581$113,576$112,596$111,638$108,807
2 years$57,233$56,167$55,134$54,132$53,161$50,327
3 years$37,776$36,706$35,675$34,683$33,727$30,979
4 years$28,050$26,983$25,963$24,987$24,055$21,413
5 years$22,216$21,155$20,148$19,193$18,286$15,759
6 years$18,327$17,274$16,283$15,349$14,469$12,059
7 years$15,551$14,507$13,531$12,619$11,767$9,474
8 years$13,470$12,435$11,475$10,586$9,762$7,585
9 years$11,852$10,827$9,884$9,017$8,221$6,158
10 years$10,558$9,544$8,617$7,772$7,005$5,053
11 years$9,501$8,496$7,586$6,764$6,024$4,182
12 years$8,620$7,626$6,732$5,933$5,221$3,484
13 years$7,875$6,891$6,015$5,238$4,552$2,917
14 years$7,237$6,264$5,405$4,650$3,991$2,454
15 years$6,685$5,722$4,880$4,147$3,514$2,072
16 years$6,203$5,250$4,424$3,713$3,105$1,754
17 years$5,777$4,835$4,026$3,336$2,753$1,489
18 years$5,399$4,468$3,675$3,007$2,448$1,266
19 years$5,062$4,141$3,364$2,717$2,182$1,079
20 years$4,758$3,848$3,088$2,460$1,949$921
21 years$4,484$3,584$2,840$2,233$1,744$787
22 years$4,235$3,346$2,617$2,030$1,563$673
23 years$4,008$3,129$2,417$1,849$1,403$576
24 years$3,800$2,932$2,235$1,686$1,261$493
25 years$3,609$2,751$2,070$1,540$1,135$423
26 years$3,434$2,586$1,920$1,408$1,022$363
27 years$3,271$2,434$1,783$1,289$922$311
28 years$3,120$2,293$1,657$1,181$832$267
29 years$2,980$2,163$1,542$1,083$751$230
30 years$2,850$2,043$1,437$994$679$197
31 years$2,728$1,931$1,339$913$614$169
32 years$2,614$1,827$1,250$839$555$146
33 years$2,507$1,731$1,167$771$502$125
34 years$2,407$1,640$1,090$710$455$108
35 years$2,312$1,556$1,019$653$412$93
36 years$2,224$1,477$953$602$373$80
37 years$2,140$1,402$892$554$338$68
38 years$2,060$1,333$836$511$307$59
39 years$1,985$1,267$783$471$278$51
40 years$1,914$1,206$734$435$252$44
41 years$1,847$1,148$688$401$229$37
42 years$1,782$1,093$646$370$208$32
43 years$1,721$1,042$606$342$188$28
44 years$1,663$993$569$315$171$24
45 years$1,608$947$534$291$155$21
46 years$1,555$903$501$269$141$18
47 years$1,505$862$471$249$128$15
48 years$1,457$823$443$230$116$13
49 years$1,411$786$416$212$106$11
50 years$1,367$751$391$196$96$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $1,400,000, adding $6,818 every year, while hoping to spend $41,249 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: 71/24/5 Blend
53$1,400,000$1,400,000$1,400,000$1,400,000
54$1,549,833$1,475,633$1,453,933$1,658,654
55$1,664,027$1,504,050$1,458,751$1,759,777
56$1,788,487$1,532,478$1,462,348$1,864,618
57$1,924,215$1,560,872$1,464,639$1,978,204
58$2,072,317$1,589,186$1,465,537$2,101,383
59$2,234,008$1,617,371$1,464,947$2,235,089
60$2,410,626$1,645,372$1,462,772$2,380,350
61$2,603,645$1,673,130$1,458,910$2,538,299
62$2,814,687$1,700,583$1,453,253$2,710,185
63$3,045,537$1,727,664$1,445,690$2,897,381
64$3,298,162$1,754,300$1,436,101$3,101,403
65$3,574,728$1,780,413$1,424,363$3,323,918
66$3,877,618$1,805,921$1,410,346$3,566,764
67$4,209,458$1,830,734$1,393,916$3,831,967
68$4,573,139$1,854,758$1,374,929$4,121,758
69$4,971,848$1,877,889$1,353,238$4,438,596
70$5,409,090$1,900,019$1,328,685$4,785,189
71$5,888,730$1,921,033$1,301,109$5,164,523
72$6,415,022$1,940,805$1,270,337$5,579,888
73$6,992,654$1,959,204$1,236,193$6,034,907
74$7,626,788$1,976,089$1,198,489$6,533,576
75$8,323,112$1,991,308$1,157,030$7,080,297
76$9,087,890$2,004,703$1,111,611$7,679,921
77$9,928,024$2,016,103$1,062,019$8,337,793
78$10,851,116$2,025,325$1,008,030$9,059,806
79$11,865,542$2,032,179$949,412$9,852,452
80$12,980,530$2,036,458$885,919$10,722,886
81$14,206,244$2,037,945$817,298$11,678,996
82$15,553,885$2,036,408$743,281$12,729,471
83$17,035,791$2,031,602$663,591$13,883,890
84$18,665,557$2,023,265$577,937$15,152,810
85$20,458,161$2,011,122$486,015$16,547,864
86$22,430,105$1,994,879$387,508$18,081,873
87$24,599,572$1,974,224$282,085$19,768,970
88$26,986,594$1,948,827$169,401$21,624,727
89$29,613,245$1,918,338$49,095$23,666,309
90$32,503,847$1,882,387$0$25,912,633
91$35,685,196$1,840,581$0$28,388,777
92$39,186,820$1,792,504$0$31,116,559
93$43,041,255$1,737,716$0$34,118,701
94$47,284,350$1,675,751$0$37,423,137
95$51,955,607$1,606,115$0$41,060,648
96$57,098,551$1,528,287$0$45,065,160
97$62,761,145$1,441,716$0$49,474,060
98$68,996,238$1,345,816$0$54,328,552
99$75,862,064$1,239,971$0$59,674,043
100$83,422,793$1,123,528$0$65,560,578