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%11.5%
1 years$116,436$115,399$114,387$113,400$112,435$111,727
2 years$57,642$56,568$55,528$54,519$53,541$52,826
3 years$38,046$36,968$35,930$34,931$33,968$33,270
4 years$28,250$27,175$26,148$25,166$24,227$23,549
5 years$22,374$21,306$20,292$19,330$18,417$17,763
6 years$18,458$17,398$16,399$15,458$14,572$13,943
7 years$15,662$14,611$13,628$12,709$11,851$11,246
8 years$13,566$12,524$11,557$10,661$9,832$9,251
9 years$11,937$10,904$9,954$9,081$8,280$7,723
10 years$10,634$9,612$8,678$7,828$7,055$6,522
11 years$9,569$8,557$7,640$6,813$6,067$5,559
12 years$8,681$7,680$6,781$5,976$5,258$4,772
13 years$7,931$6,941$6,058$5,276$4,585$4,122
14 years$7,289$6,309$5,443$4,683$4,019$3,579
15 years$6,733$5,763$4,914$4,176$3,539$3,120
16 years$6,247$5,288$4,456$3,740$3,128$2,730
17 years$5,818$4,870$4,054$3,360$2,773$2,396
18 years$5,438$4,500$3,701$3,028$2,466$2,108
19 years$5,098$4,170$3,388$2,736$2,198$1,859
20 years$4,792$3,875$3,110$2,478$1,963$1,643
21 years$4,516$3,610$2,860$2,249$1,757$1,454
22 years$4,265$3,370$2,636$2,045$1,575$1,289
23 years$4,037$3,151$2,434$1,862$1,414$1,144
24 years$3,827$2,953$2,251$1,698$1,270$1,017
25 years$3,635$2,771$2,085$1,551$1,143$905
26 years$3,458$2,604$1,934$1,418$1,030$806
27 years$3,294$2,451$1,796$1,298$928$718
28 years$3,143$2,309$1,669$1,189$838$640
29 years$3,002$2,179$1,553$1,091$756$571
30 years$2,870$2,058$1,447$1,001$684$510
31 years$2,747$1,945$1,349$919$618$455
32 years$2,633$1,840$1,259$845$559$407
33 years$2,525$1,743$1,175$777$506$364
34 years$2,424$1,652$1,098$715$458$325
35 years$2,329$1,567$1,026$658$415$291
36 years$2,239$1,487$960$606$376$260
37 years$2,155$1,412$899$558$341$233
38 years$2,075$1,342$842$515$309$209
39 years$1,999$1,276$789$475$280$187
40 years$1,928$1,214$739$438$254$167
41 years$1,860$1,156$693$404$230$150
42 years$1,795$1,101$650$373$209$134
43 years$1,734$1,049$610$344$190$120
44 years$1,675$1,000$573$318$172$108
45 years$1,620$953$538$293$156$97
46 years$1,566$910$505$271$142$87
47 years$1,516$868$474$250$129$78
48 years$1,467$829$446$231$117$70
49 years$1,421$791$419$214$106$62
50 years$1,377$756$394$198$97$56

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 $3,314 every year, while hoping to spend $47,684 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: 48/35/17 Blend
53$1,410,000$1,410,000$1,410,000$1,410,000
54$1,557,238$1,482,508$1,460,653$1,624,404
55$1,665,341$1,504,416$1,458,850$1,693,201
56$1,782,873$1,525,799$1,455,388$1,762,727
57$1,910,743$1,546,581$1,450,161$1,837,196
58$2,049,957$1,566,681$1,443,059$1,917,089
59$2,201,616$1,586,012$1,433,965$2,002,936
60$2,366,935$1,604,480$1,422,757$2,095,324
61$2,547,250$1,621,988$1,409,307$2,194,903
62$2,744,033$1,638,428$1,393,482$2,302,387
63$2,958,901$1,653,689$1,375,141$2,418,567
64$3,193,638$1,667,648$1,354,137$2,544,315
65$3,450,206$1,680,179$1,330,317$2,680,597
66$3,730,764$1,691,145$1,303,520$2,828,475
67$4,037,691$1,700,401$1,273,577$2,989,126
68$4,373,606$1,707,791$1,240,312$3,163,847
69$4,741,392$1,713,151$1,203,542$3,354,070
70$5,144,226$1,716,307$1,163,072$3,561,379
71$5,585,603$1,717,073$1,118,701$3,787,518
72$6,069,377$1,715,251$1,070,219$4,034,416
73$6,599,787$1,710,632$1,017,406$4,304,202
74$7,181,506$1,702,994$960,030$4,599,223
75$7,819,680$1,692,101$897,851$4,922,075
76$8,519,976$1,677,702$830,617$5,275,617
77$9,288,636$1,659,532$758,066$5,663,010
78$10,132,538$1,637,310$679,922$6,087,739
79$11,059,257$1,610,738$595,899$6,553,652
80$12,077,136$1,579,500$505,697$7,064,994
81$13,195,369$1,543,261$409,003$7,626,450
82$14,424,083$1,501,666$305,490$8,243,189
83$15,774,433$1,454,341$194,818$8,920,916
84$17,258,710$1,400,889$76,629$9,665,922
85$18,890,455$1,340,889$0$10,485,152
86$20,684,585$1,273,897$0$11,395,244
87$22,657,537$1,199,442$0$12,411,086
88$24,827,419$1,117,027$0$13,528,160
89$27,214,181$1,026,127$0$14,756,825
90$29,839,805$926,185$0$16,108,505
91$32,728,511$816,613$0$17,595,794
92$35,906,983$696,792$0$19,232,580
93$39,404,626$566,065$0$21,034,173
94$43,253,834$423,738$0$23,017,456
95$47,490,304$269,081$0$25,201,040
96$52,153,369$101,320$0$27,605,447
97$57,286,367$0$0$30,253,301
98$62,937,051$0$0$33,200,495
99$69,158,040$0$0$36,488,293
100$76,007,314$0$0$40,108,338