Can I retire at age 54 with 1,420,000?

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 $1,420,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.6%
1 years$117,262$116,218$115,199$114,204$113,233$112,472
2 years$58,051$56,969$55,922$54,906$53,920$53,153
3 years$38,316$37,230$36,185$35,179$34,209$33,459
4 years$28,451$27,368$26,333$25,344$24,398$23,671
5 years$22,533$21,457$20,436$19,467$18,547$17,845
6 years$18,589$17,521$16,515$15,568$14,676$14,000
7 years$15,773$14,714$13,724$12,799$11,935$11,286
8 years$13,662$12,613$11,639$10,737$9,902$9,279
9 years$12,021$10,982$10,025$9,145$8,339$7,742
10 years$10,709$9,680$8,740$7,883$7,105$6,534
11 years$9,636$8,617$7,694$6,861$6,110$5,565
12 years$8,743$7,735$6,829$6,018$5,295$4,775
13 years$7,988$6,990$6,101$5,313$4,617$4,122
14 years$7,341$6,354$5,482$4,716$4,048$3,576
15 years$6,781$5,804$4,949$4,206$3,564$3,116
16 years$6,291$5,325$4,487$3,766$3,150$2,724
17 years$5,860$4,904$4,083$3,384$2,793$2,389
18 years$5,476$4,532$3,727$3,049$2,483$2,101
19 years$5,134$4,200$3,412$2,755$2,213$1,851
20 years$4,826$3,903$3,132$2,496$1,977$1,635
21 years$4,548$3,635$2,880$2,265$1,769$1,446
22 years$4,295$3,393$2,655$2,059$1,586$1,281
23 years$4,065$3,174$2,451$1,875$1,424$1,136
24 years$3,855$2,974$2,267$1,711$1,280$1,009
25 years$3,661$2,791$2,100$1,562$1,151$897
26 years$3,483$2,623$1,947$1,428$1,037$798
27 years$3,318$2,468$1,808$1,307$935$711
28 years$3,165$2,326$1,681$1,198$844$633
29 years$3,023$2,194$1,564$1,098$762$564
30 years$2,891$2,072$1,457$1,008$688$504
31 years$2,767$1,959$1,358$926$622$449
32 years$2,651$1,854$1,267$851$563$401
33 years$2,543$1,755$1,183$782$509$358
34 years$2,441$1,664$1,106$720$461$320
35 years$2,346$1,578$1,034$663$418$286
36 years$2,255$1,498$967$610$379$256
37 years$2,170$1,422$905$562$343$229
38 years$2,090$1,352$848$518$311$205
39 years$2,014$1,285$794$478$282$183
40 years$1,941$1,223$744$441$256$164
41 years$1,873$1,164$698$407$232$147
42 years$1,808$1,109$655$375$211$131
43 years$1,746$1,056$614$347$191$117
44 years$1,687$1,007$577$320$173$105
45 years$1,631$960$541$295$158$94
46 years$1,578$916$509$273$143$84
47 years$1,527$874$478$252$130$75
48 years$1,478$835$449$233$118$68
49 years$1,431$797$422$215$107$61
50 years$1,386$761$397$199$97$54

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $1,420,000, adding $2,650 every year, while hoping to spend $39,197 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: 60/14/26 Blend
53$1,420,000$1,420,000$1,420,000$1,420,000
54$1,567,573$1,492,313$1,470,303$1,650,516
55$1,685,761$1,523,732$1,477,853$1,738,716
56$1,814,689$1,555,375$1,484,342$1,830,455
57$1,955,413$1,587,215$1,489,694$1,929,720
58$2,109,094$1,619,216$1,493,827$2,037,251
59$2,277,008$1,651,344$1,496,656$2,153,865
60$2,460,561$1,683,559$1,498,093$2,280,462
61$2,661,304$1,715,818$1,498,044$2,418,035
62$2,880,939$1,748,076$1,496,411$2,567,678
63$3,121,345$1,780,282$1,493,091$2,730,598
64$3,384,589$1,812,383$1,487,977$2,908,124
65$3,672,947$1,844,319$1,480,954$3,101,722
66$3,988,926$1,876,029$1,471,904$3,313,010
67$4,335,287$1,907,446$1,460,704$3,543,770
68$4,715,071$1,938,495$1,447,222$3,795,967
69$5,131,627$1,969,100$1,431,322$4,071,767
70$5,588,644$1,999,176$1,412,862$4,373,559
71$6,090,184$2,028,635$1,391,692$4,703,975
72$6,640,724$2,057,379$1,367,654$5,065,920
73$7,245,193$2,085,305$1,340,586$5,462,594
74$7,909,022$2,112,305$1,310,315$5,897,524
75$8,638,193$2,138,259$1,276,661$6,374,603
76$9,439,297$2,163,041$1,239,438$6,898,118
77$10,319,594$2,186,519$1,198,447$7,472,797
78$11,287,081$2,208,548$1,153,485$8,103,852
79$12,350,572$2,228,975$1,104,335$8,797,031
80$13,519,774$2,247,638$1,050,773$9,558,668
81$14,805,381$2,264,363$992,565$10,395,745
82$16,219,178$2,278,964$929,464$11,315,962
83$17,774,147$2,291,247$861,214$12,327,805
84$19,484,592$2,301,000$787,546$13,440,629
85$21,366,273$2,308,002$708,182$14,664,747
86$23,436,555$2,312,016$622,828$16,011,527
87$25,714,570$2,312,791$531,179$17,493,501
88$28,221,398$2,310,059$432,915$19,124,482
89$30,980,266$2,303,538$327,704$20,919,697
90$34,016,768$2,292,926$215,197$22,895,932
91$37,359,104$2,277,905$95,031$25,071,687
92$41,038,345$2,258,135$0$27,467,356
93$45,088,731$2,233,258$0$30,114,632
94$49,547,986$2,202,892$0$33,057,813
95$54,457,682$2,166,636$0$36,297,934
96$59,863,625$2,124,060$0$39,865,219
97$65,816,289$2,074,713$0$43,792,974
98$72,371,292$2,018,115$0$48,117,902
99$79,589,919$1,953,759$0$52,880,451
100$87,539,705$1,881,106$0$58,125,192