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%11%
1 years$118,088$117,036$116,010$115,008$114,030$113,550
2 years$58,459$57,371$56,316$55,292$54,300$53,815
3 years$38,586$37,492$36,440$35,426$34,450$33,976
4 years$28,651$27,561$26,519$25,523$24,570$24,110
5 years$22,692$21,608$20,580$19,604$18,678$18,233
6 years$18,720$17,645$16,631$15,677$14,779$14,350
7 years$15,884$14,818$13,821$12,889$12,019$11,607
8 years$13,758$12,702$11,721$10,812$9,971$9,575
9 years$12,106$11,059$10,095$9,210$8,397$8,017
10 years$10,785$9,748$8,801$7,939$7,155$6,790
11 years$9,704$8,678$7,749$6,909$6,153$5,805
12 years$8,805$7,789$6,877$6,060$5,332$4,999
13 years$8,044$7,039$6,144$5,350$4,650$4,332
14 years$7,393$6,398$5,520$4,749$4,076$3,773
15 years$6,828$5,845$4,984$4,236$3,589$3,300
16 years$6,335$5,363$4,519$3,793$3,172$2,897
17 years$5,901$4,939$4,112$3,408$2,812$2,552
18 years$5,515$4,564$3,754$3,071$2,501$2,253
19 years$5,170$4,230$3,436$2,775$2,229$1,994
20 years$4,860$3,930$3,154$2,513$1,991$1,769
21 years$4,580$3,661$2,901$2,281$1,782$1,571
22 years$4,326$3,417$2,674$2,074$1,597$1,398
23 years$4,094$3,196$2,469$1,889$1,434$1,246
24 years$3,882$2,995$2,283$1,723$1,289$1,111
25 years$3,687$2,810$2,114$1,573$1,159$992
26 years$3,507$2,641$1,961$1,438$1,044$887
27 years$3,341$2,486$1,821$1,317$942$794
28 years$3,187$2,342$1,693$1,206$850$710
29 years$3,044$2,210$1,575$1,106$767$636
30 years$2,911$2,087$1,467$1,015$693$571
31 years$2,786$1,973$1,368$932$627$512
32 years$2,670$1,867$1,276$857$567$459
33 years$2,561$1,768$1,192$788$513$412
34 years$2,458$1,675$1,114$725$465$370
35 years$2,362$1,589$1,041$667$421$332
36 years$2,271$1,508$974$615$381$299
37 years$2,185$1,432$912$566$346$268
38 years$2,104$1,361$854$522$313$241
39 years$2,028$1,295$800$481$284$217
40 years$1,955$1,232$750$444$258$195
41 years$1,886$1,172$703$410$234$176
42 years$1,821$1,117$659$378$212$158
43 years$1,758$1,064$619$349$192$142
44 years$1,699$1,014$581$322$175$128
45 years$1,643$967$545$298$159$115
46 years$1,589$922$512$275$144$104
47 years$1,537$880$481$254$131$93
48 years$1,488$840$452$235$119$84
49 years$1,441$803$425$217$108$76
50 years$1,396$767$400$200$98$68

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 $3,358 every year, while hoping to spend $42,950 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: 71/11/18 Blend
53$1,430,000$1,430,000$1,430,000$1,430,000
54$1,579,324$1,503,534$1,481,369$1,684,476
55$1,694,716$1,531,508$1,485,296$1,782,842
56$1,820,439$1,559,414$1,487,916$1,885,038
57$1,957,501$1,587,203$1,489,138$1,995,836
58$2,107,012$1,614,821$1,488,870$2,116,082
59$2,270,193$1,642,213$1,487,012$2,246,706
60$2,448,389$1,669,318$1,483,463$2,388,734
61$2,643,080$1,696,070$1,478,115$2,543,296
62$2,855,895$1,722,398$1,470,853$2,711,640
63$3,088,629$1,748,228$1,461,559$2,895,137
64$3,343,257$1,773,479$1,450,109$3,095,302
65$3,621,954$1,798,065$1,436,372$3,313,801
66$3,927,115$1,821,892$1,420,213$3,552,473
67$4,261,378$1,844,861$1,401,487$3,813,343
68$4,627,647$1,866,868$1,380,045$4,098,645
69$5,029,121$1,887,799$1,355,731$4,410,839
70$5,469,324$1,907,533$1,328,380$4,752,638
71$5,952,134$1,925,942$1,297,821$5,127,030
72$6,481,828$1,942,889$1,263,873$5,537,311
73$7,063,111$1,958,227$1,226,350$5,987,112
74$7,701,169$1,971,801$1,185,053$6,480,437
75$8,401,714$1,983,445$1,139,778$7,021,696
76$9,171,038$1,992,983$1,090,310$7,615,753
77$10,016,072$2,000,228$1,036,424$8,267,968
78$10,944,452$2,004,979$977,884$8,984,247
79$11,964,589$2,007,026$914,446$9,771,104
80$13,085,749$2,006,143$845,853$10,635,714
81$14,318,142$2,002,090$771,835$11,585,988
82$15,673,016$1,994,615$692,114$12,630,645
83$17,162,760$1,983,448$606,397$13,779,295
84$18,801,028$1,968,304$514,378$15,042,531
85$20,602,861$1,948,879$415,738$16,432,026
86$22,584,831$1,924,852$310,143$17,960,648
87$24,765,197$1,895,883$197,246$19,642,581
88$27,164,076$1,861,610$76,683$21,493,455
89$29,803,635$1,821,653$0$23,530,499
90$32,708,298$1,775,606$0$25,782,686
91$35,904,974$1,723,040$0$28,277,328
92$39,423,314$1,663,501$0$31,022,829
93$43,295,990$1,596,511$0$34,044,694
94$47,559,001$1,521,560$0$37,371,033
95$52,252,014$1,438,112$0$41,032,818
96$57,418,737$1,345,597$0$45,064,182
97$63,107,332$1,243,415$0$49,502,737
98$69,370,868$1,130,930$0$54,389,932
99$76,267,823$1,007,472$0$59,771,443
100$83,862,632$872,329$0$65,697,604