Can I retire at age 54 with 1,430,000?

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 $1,430,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.3%
1 years$118,088$117,036$116,010$115,008$114,030$112,003
2 years$58,459$57,371$56,316$55,292$54,300$52,265
3 years$38,586$37,492$36,440$35,426$34,450$32,470
4 years$28,651$27,561$26,519$25,523$24,570$22,660
5 years$22,692$21,608$20,580$19,604$18,678$16,844
6 years$18,720$17,645$16,631$15,677$14,779$13,023
7 years$15,884$14,818$13,821$12,889$12,019$10,342
8 years$13,758$12,702$11,721$10,812$9,971$8,372
9 years$12,106$11,059$10,095$9,210$8,397$6,875
10 years$10,785$9,748$8,801$7,939$7,155$5,708
11 years$9,704$8,678$7,749$6,909$6,153$4,781
12 years$8,805$7,789$6,877$6,060$5,332$4,032
13 years$8,044$7,039$6,144$5,350$4,650$3,420
14 years$7,393$6,398$5,520$4,749$4,076$2,914
15 years$6,828$5,845$4,984$4,236$3,589$2,493
16 years$6,335$5,363$4,519$3,793$3,172$2,139
17 years$5,901$4,939$4,112$3,408$2,812$1,841
18 years$5,515$4,564$3,754$3,071$2,501$1,588
19 years$5,170$4,230$3,436$2,775$2,229$1,372
20 years$4,860$3,930$3,154$2,513$1,991$1,188
21 years$4,580$3,661$2,901$2,281$1,782$1,030
22 years$4,326$3,417$2,674$2,074$1,597$894
23 years$4,094$3,196$2,469$1,889$1,434$776
24 years$3,882$2,995$2,283$1,723$1,289$675
25 years$3,687$2,810$2,114$1,573$1,159$588
26 years$3,507$2,641$1,961$1,438$1,044$512
27 years$3,341$2,486$1,821$1,317$942$446
28 years$3,187$2,342$1,693$1,206$850$389
29 years$3,044$2,210$1,575$1,106$767$339
30 years$2,911$2,087$1,467$1,015$693$296
31 years$2,786$1,973$1,368$932$627$258
32 years$2,670$1,867$1,276$857$567$226
33 years$2,561$1,768$1,192$788$513$197
34 years$2,458$1,675$1,114$725$465$172
35 years$2,362$1,589$1,041$667$421$150
36 years$2,271$1,508$974$615$381$131
37 years$2,185$1,432$912$566$346$115
38 years$2,104$1,361$854$522$313$100
39 years$2,028$1,295$800$481$284$88
40 years$1,955$1,232$750$444$258$77
41 years$1,886$1,172$703$410$234$67
42 years$1,821$1,117$659$378$212$59
43 years$1,758$1,064$619$349$192$51
44 years$1,699$1,014$581$322$175$45
45 years$1,643$967$545$298$159$39
46 years$1,589$922$512$275$144$34
47 years$1,537$880$481$254$131$30
48 years$1,488$840$452$235$119$26
49 years$1,441$803$425$217$108$23
50 years$1,396$767$400$200$98$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $1,430,000, adding $4,668 every year, while hoping to spend $34,291 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: 56/29/15 Blend
53$1,430,000$1,430,000$1,430,000$1,430,000
54$1,580,675$1,504,885$1,482,720$1,662,758
55$1,705,419$1,542,139$1,495,906$1,756,271
56$1,841,737$1,580,069$1,508,384$1,853,956
57$1,990,774$1,618,672$1,520,095$1,959,579
58$2,153,790$1,657,944$1,530,975$2,073,907
59$2,332,172$1,697,879$1,540,958$2,197,783
60$2,527,448$1,738,470$1,549,975$2,332,137
61$2,741,300$1,779,708$1,557,952$2,477,993
62$2,975,581$1,821,581$1,564,811$2,636,480
63$3,232,330$1,864,079$1,570,473$2,808,840
64$3,513,795$1,907,186$1,574,851$2,996,442
65$3,822,450$1,950,886$1,577,856$3,200,796
66$4,161,021$1,995,161$1,579,395$3,423,561
67$4,532,509$2,039,988$1,579,369$3,666,570
68$4,940,222$2,085,344$1,577,675$3,931,840
69$5,387,801$2,131,202$1,574,203$4,221,595
70$5,879,260$2,177,534$1,568,842$4,538,282
71$6,419,017$2,224,306$1,561,470$4,884,602
72$7,011,941$2,271,481$1,551,965$5,263,530
73$7,663,397$2,319,021$1,540,193$5,678,342
74$8,379,292$2,366,883$1,526,018$6,132,651
75$9,166,137$2,415,017$1,509,297$6,630,438
76$10,031,103$2,463,373$1,489,879$7,176,089
77$10,982,092$2,511,894$1,467,606$7,774,439
78$12,027,807$2,560,519$1,442,313$8,430,816
79$13,177,840$2,609,181$1,413,827$9,151,091
80$14,442,757$2,657,808$1,381,967$9,941,735
81$15,834,200$2,706,323$1,346,545$10,809,880
82$17,364,997$2,754,640$1,307,362$11,763,386
83$19,049,279$2,802,670$1,264,211$12,810,914
84$20,902,619$2,850,315$1,216,876$13,962,013
85$22,942,174$2,897,469$1,165,130$15,227,202
86$25,186,851$2,944,019$1,108,736$16,618,077
87$27,657,478$2,989,845$1,047,447$18,147,420
88$30,377,009$3,034,815$981,005$19,829,313
89$33,370,733$3,078,790$909,138$21,679,282
90$36,666,519$3,121,622$831,565$23,714,432
91$40,295,071$3,163,149$747,990$25,953,621
92$44,290,226$3,203,201$658,105$28,417,629
93$48,689,266$3,241,595$561,589$31,129,359
94$53,533,273$3,278,135$458,104$34,114,051
95$58,867,517$3,312,614$347,300$37,399,525
96$64,741,880$3,344,808$228,811$41,016,440
97$71,211,329$3,374,480$102,253$44,998,586
98$78,336,434$3,401,379$0$49,383,204
99$86,183,938$3,425,235$0$54,216,587
100$94,827,389$3,445,761$0$59,556,524