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

Use the below retirement simulation to view the chances of a successful retirement.
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%16.2%
1 years$116,436$115,399$114,387$113,400$112,435$109,584
2 years$57,642$56,568$55,528$54,519$53,541$50,686
3 years$38,046$36,968$35,930$34,931$33,968$31,201
4 years$28,250$27,175$26,148$25,166$24,227$21,566
5 years$22,374$21,306$20,292$19,330$18,417$15,872
6 years$18,458$17,398$16,399$15,458$14,572$12,145
7 years$15,662$14,611$13,628$12,709$11,851$9,542
8 years$13,566$12,524$11,557$10,661$9,832$7,639
9 years$11,937$10,904$9,954$9,081$8,280$6,202
10 years$10,634$9,612$8,678$7,828$7,055$5,089
11 years$9,569$8,557$7,640$6,813$6,067$4,212
12 years$8,681$7,680$6,781$5,976$5,258$3,508
13 years$7,931$6,941$6,058$5,276$4,585$2,938
14 years$7,289$6,309$5,443$4,683$4,019$2,472
15 years$6,733$5,763$4,914$4,176$3,539$2,087
16 years$6,247$5,288$4,456$3,740$3,128$1,767
17 years$5,818$4,870$4,054$3,360$2,773$1,500
18 years$5,438$4,500$3,701$3,028$2,466$1,276
19 years$5,098$4,170$3,388$2,736$2,198$1,087
20 years$4,792$3,875$3,110$2,478$1,963$927
21 years$4,516$3,610$2,860$2,249$1,757$792
22 years$4,265$3,370$2,636$2,045$1,575$678
23 years$4,037$3,151$2,434$1,862$1,414$580
24 years$3,827$2,953$2,251$1,698$1,270$497
25 years$3,635$2,771$2,085$1,551$1,143$426
26 years$3,458$2,604$1,934$1,418$1,030$365
27 years$3,294$2,451$1,796$1,298$928$314
28 years$3,143$2,309$1,669$1,189$838$269
29 years$3,002$2,179$1,553$1,091$756$231
30 years$2,870$2,058$1,447$1,001$684$199
31 years$2,747$1,945$1,349$919$618$171
32 years$2,633$1,840$1,259$845$559$147
33 years$2,525$1,743$1,175$777$506$126
34 years$2,424$1,652$1,098$715$458$108
35 years$2,329$1,567$1,026$658$415$93
36 years$2,239$1,487$960$606$376$80
37 years$2,155$1,412$899$558$341$69
38 years$2,075$1,342$842$515$309$59
39 years$1,999$1,276$789$475$280$51
40 years$1,928$1,214$739$438$254$44
41 years$1,860$1,156$693$404$230$38
42 years$1,795$1,101$650$373$209$32
43 years$1,734$1,049$610$344$190$28
44 years$1,675$1,000$573$318$172$24
45 years$1,620$953$538$293$156$21
46 years$1,566$910$505$271$142$18
47 years$1,516$868$474$250$129$15
48 years$1,467$829$446$231$117$13
49 years$1,421$791$419$214$106$11
50 years$1,377$756$394$198$97$10

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 $2,901 every year, while hoping to spend $29,826 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: 70/15/15 Blend
53$1,410,000$1,410,000$1,410,000$1,410,000
54$1,556,812$1,482,082$1,460,227$1,660,252
55$1,683,873$1,522,970$1,477,410$1,770,273
56$1,822,893$1,564,861$1,494,169$1,886,787
57$1,975,063$1,607,774$1,510,459$2,013,534
58$2,141,690$1,651,726$1,526,230$2,151,521
59$2,324,217$1,696,734$1,541,433$2,301,852
60$2,524,229$1,742,816$1,556,013$2,465,748
61$2,743,475$1,789,989$1,569,914$2,644,550
62$2,983,881$1,838,269$1,583,077$2,839,737
63$3,247,565$1,887,673$1,595,439$3,052,937
64$3,536,864$1,938,217$1,606,934$3,285,945
65$3,854,351$1,989,916$1,617,492$3,540,736
66$4,202,858$2,042,785$1,627,041$3,819,488
67$4,585,506$2,096,838$1,635,504$4,124,598
68$5,005,734$2,152,090$1,642,800$4,458,708
69$5,467,330$2,208,553$1,648,844$4,824,730
70$5,974,465$2,266,239$1,653,548$5,225,869
71$6,531,735$2,325,160$1,656,817$5,665,660
72$7,144,206$2,385,327$1,658,554$6,147,993
73$7,817,455$2,446,748$1,658,656$6,677,160
74$8,557,629$2,509,432$1,657,014$7,257,885
75$9,371,498$2,573,385$1,653,515$7,895,375
76$10,266,523$2,638,613$1,648,040$8,595,368
77$11,250,923$2,705,120$1,640,464$9,364,185
78$12,333,754$2,772,908$1,630,657$10,208,793
79$13,524,995$2,841,977$1,618,481$11,136,867
80$14,835,637$2,912,327$1,603,793$12,156,866
81$16,277,794$2,983,954$1,586,442$13,278,108
82$17,864,812$3,056,851$1,566,271$14,510,865
83$19,611,397$3,131,010$1,543,115$15,866,453
84$21,533,751$3,206,421$1,516,801$17,357,343
85$23,649,728$3,283,070$1,487,148$18,997,278
86$25,979,000$3,360,940$1,453,968$20,801,399
87$28,543,243$3,440,012$1,417,061$22,786,396
88$31,366,342$3,520,261$1,376,220$24,970,656
89$34,474,616$3,601,660$1,331,230$27,374,445
90$37,897,064$3,684,178$1,281,864$30,020,093
91$41,665,642$3,767,780$1,227,883$32,932,208
92$45,815,561$3,852,426$1,169,042$36,137,909
93$50,385,623$3,938,069$1,105,079$39,667,079
94$55,418,583$4,024,661$1,035,726$43,552,650
95$60,961,555$4,112,145$960,699$47,830,914
96$67,066,452$4,200,460$879,701$52,541,861
97$73,790,485$4,289,537$792,426$57,729,565
98$81,196,691$4,379,301$698,548$63,442,591
99$89,354,537$4,469,670$597,733$69,734,462
100$98,340,570$4,560,554$489,628$76,664,158