Can I retire at age 54 with 1,410,000?

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 $1,410,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.6%
1 years$116,436$115,399$114,387$113,400$112,435$110,755
2 years$57,642$56,568$55,528$54,519$53,541$51,852
3 years$38,046$36,968$35,930$34,931$33,968$32,323
4 years$28,250$27,175$26,148$25,166$24,227$22,638
5 years$22,374$21,306$20,292$19,330$18,417$16,889
6 years$18,458$17,398$16,399$15,458$14,572$13,108
7 years$15,662$14,611$13,628$12,709$11,851$10,450
8 years$13,566$12,524$11,557$10,661$9,832$8,493
9 years$11,937$10,904$9,954$9,081$8,280$7,004
10 years$10,634$9,612$8,678$7,828$7,055$5,840
11 years$9,569$8,557$7,640$6,813$6,067$4,913
12 years$8,681$7,680$6,781$5,976$5,258$4,162
13 years$7,931$6,941$6,058$5,276$4,585$3,547
14 years$7,289$6,309$5,443$4,683$4,019$3,036
15 years$6,733$5,763$4,914$4,176$3,539$2,610
16 years$6,247$5,288$4,456$3,740$3,128$2,251
17 years$5,818$4,870$4,054$3,360$2,773$1,946
18 years$5,438$4,500$3,701$3,028$2,466$1,687
19 years$5,098$4,170$3,388$2,736$2,198$1,466
20 years$4,792$3,875$3,110$2,478$1,963$1,275
21 years$4,516$3,610$2,860$2,249$1,757$1,111
22 years$4,265$3,370$2,636$2,045$1,575$970
23 years$4,037$3,151$2,434$1,862$1,414$847
24 years$3,827$2,953$2,251$1,698$1,270$741
25 years$3,635$2,771$2,085$1,551$1,143$648
26 years$3,458$2,604$1,934$1,418$1,030$568
27 years$3,294$2,451$1,796$1,298$928$498
28 years$3,143$2,309$1,669$1,189$838$436
29 years$3,002$2,179$1,553$1,091$756$383
30 years$2,870$2,058$1,447$1,001$684$336
31 years$2,747$1,945$1,349$919$618$295
32 years$2,633$1,840$1,259$845$559$259
33 years$2,525$1,743$1,175$777$506$227
34 years$2,424$1,652$1,098$715$458$200
35 years$2,329$1,567$1,026$658$415$176
36 years$2,239$1,487$960$606$376$154
37 years$2,155$1,412$899$558$341$136
38 years$2,075$1,342$842$515$309$119
39 years$1,999$1,276$789$475$280$105
40 years$1,928$1,214$739$438$254$92
41 years$1,860$1,156$693$404$230$81
42 years$1,795$1,101$650$373$209$71
43 years$1,734$1,049$610$344$190$63
44 years$1,675$1,000$573$318$172$55
45 years$1,620$953$538$293$156$49
46 years$1,566$910$505$271$142$43
47 years$1,516$868$474$250$129$38
48 years$1,467$829$446$231$117$33
49 years$1,421$791$419$214$106$29
50 years$1,377$756$394$198$97$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $1,410,000, adding $6,193 every year, while hoping to spend $59,735 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: 42/29/29 Blend
53$1,410,000$1,410,000$1,410,000$1,410,000
54$1,560,208$1,485,478$1,463,623$1,612,267
55$1,655,792$1,494,709$1,449,097$1,659,632
56$1,759,123$1,502,390$1,432,082$1,704,828
57$1,870,929$1,508,382$1,412,432$1,752,648
58$1,992,008$1,512,538$1,389,993$1,803,369
59$2,123,241$1,514,700$1,364,606$1,857,305
60$2,265,593$1,514,702$1,336,102$1,914,799
61$2,420,127$1,512,366$1,304,304$1,976,239
62$2,588,011$1,507,503$1,269,030$2,042,053
63$2,770,533$1,499,915$1,230,087$2,112,717
64$2,969,106$1,489,390$1,187,274$2,188,762
65$3,185,286$1,475,702$1,140,379$2,270,776
66$3,420,787$1,458,613$1,089,184$2,359,415
67$3,677,494$1,437,871$1,033,457$2,455,405
68$3,957,479$1,413,207$972,959$2,559,552
69$4,263,026$1,384,339$907,438$2,672,752
70$4,596,649$1,350,966$836,631$2,795,998
71$4,961,114$1,312,769$760,264$2,930,392
72$5,359,465$1,269,413$678,051$3,077,154
73$5,795,056$1,220,540$589,691$3,237,639
74$6,271,579$1,165,773$494,873$3,413,348
75$6,793,097$1,104,714$393,269$3,605,941
76$7,364,088$1,036,940$284,538$3,817,262
77$7,989,481$962,005$168,326$4,049,348
78$8,674,702$879,437$44,259$4,304,457
79$9,425,730$788,738$0$4,585,089
80$10,249,148$689,380$0$4,921,284
81$11,152,208$580,807$0$5,305,214
82$12,142,896$462,429$0$5,726,688
83$13,230,008$333,625$0$6,189,586
84$14,423,235$193,739$0$6,698,193
85$15,733,250$42,077$0$7,257,237
86$17,171,810$0$0$7,871,935
87$18,751,867$0$0$8,587,008
88$20,487,688$0$0$9,387,515
89$22,394,992$0$0$10,267,298
90$24,491,094$0$0$11,234,371
91$26,795,070$0$0$12,297,559
92$29,327,937$0$0$13,466,587
93$32,112,850$0$0$14,752,168
94$35,175,317$0$0$16,166,106
95$38,543,446$0$0$17,721,405
96$42,248,201$0$0$19,432,396
97$46,323,701$0$0$21,314,865
98$50,807,537$0$0$23,386,207
99$55,741,127$0$0$25,665,589
100$61,170,107$0$0$28,174,129