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%15.7%
1 years$118,088$117,036$116,010$115,008$114,030$111,364
2 years$58,459$57,371$56,316$55,292$54,300$51,629
3 years$38,586$37,492$36,440$35,426$34,450$31,858
4 years$28,651$27,561$26,519$25,523$24,570$22,076
5 years$22,692$21,608$20,580$19,604$18,678$16,290
6 years$18,720$17,645$16,631$15,677$14,779$12,499
7 years$15,884$14,818$13,821$12,889$12,019$9,848
8 years$13,758$12,702$11,721$10,812$9,971$7,907
9 years$12,106$11,059$10,095$9,210$8,397$6,439
10 years$10,785$9,748$8,801$7,939$7,155$5,300
11 years$9,704$8,678$7,749$6,909$6,153$4,400
12 years$8,805$7,789$6,877$6,060$5,332$3,677
13 years$8,044$7,039$6,144$5,350$4,650$3,090
14 years$7,393$6,398$5,520$4,749$4,076$2,608
15 years$6,828$5,845$4,984$4,236$3,589$2,210
16 years$6,335$5,363$4,519$3,793$3,172$1,878
17 years$5,901$4,939$4,112$3,408$2,812$1,600
18 years$5,515$4,564$3,754$3,071$2,501$1,366
19 years$5,170$4,230$3,436$2,775$2,229$1,168
20 years$4,860$3,930$3,154$2,513$1,991$1,000
21 years$4,580$3,661$2,901$2,281$1,782$858
22 years$4,326$3,417$2,674$2,074$1,597$737
23 years$4,094$3,196$2,469$1,889$1,434$633
24 years$3,882$2,995$2,283$1,723$1,289$544
25 years$3,687$2,810$2,114$1,573$1,159$469
26 years$3,507$2,641$1,961$1,438$1,044$404
27 years$3,341$2,486$1,821$1,317$942$348
28 years$3,187$2,342$1,693$1,206$850$300
29 years$3,044$2,210$1,575$1,106$767$258
30 years$2,911$2,087$1,467$1,015$693$223
31 years$2,786$1,973$1,368$932$627$192
32 years$2,670$1,867$1,276$857$567$166
33 years$2,561$1,768$1,192$788$513$143
34 years$2,458$1,675$1,114$725$465$124
35 years$2,362$1,589$1,041$667$421$107
36 years$2,271$1,508$974$615$381$92
37 years$2,185$1,432$912$566$346$80
38 years$2,104$1,361$854$522$313$69
39 years$2,028$1,295$800$481$284$59
40 years$1,955$1,232$750$444$258$51
41 years$1,886$1,172$703$410$234$44
42 years$1,821$1,117$659$378$212$38
43 years$1,758$1,064$619$349$192$33
44 years$1,699$1,014$581$322$175$29
45 years$1,643$967$545$298$159$25
46 years$1,589$922$512$275$144$21
47 years$1,537$880$481$254$131$18
48 years$1,488$840$452$235$119$16
49 years$1,441$803$425$217$108$14
50 years$1,396$767$400$200$98$12

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 $4,456 every year, while hoping to spend $36,767 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: 56/36/8 Blend
53$1,430,000$1,430,000$1,430,000$1,430,000
54$1,580,456$1,504,666$1,482,501$1,665,771
55$1,702,543$1,539,275$1,493,045$1,758,440
56$1,835,850$1,574,348$1,502,710$1,854,846
57$1,981,484$1,609,867$1,511,428$1,958,952
58$2,140,661$1,645,817$1,519,126$2,071,497
59$2,314,722$1,682,175$1,525,730$2,193,295
60$2,505,142$1,718,920$1,531,161$2,325,240
61$2,713,545$1,756,026$1,535,334$2,468,319
62$2,941,722$1,793,466$1,538,162$2,623,619
63$3,191,641$1,831,210$1,539,555$2,792,337
64$3,465,474$1,869,224$1,539,415$2,975,790
65$3,765,607$1,907,472$1,537,640$3,175,432
66$4,094,675$1,945,913$1,534,127$3,392,863
67$4,455,573$1,984,505$1,528,762$3,629,845
68$4,851,496$2,023,199$1,521,429$3,888,322
69$5,285,958$2,061,946$1,512,007$4,170,433
70$5,762,834$2,100,689$1,500,367$4,478,538
71$6,286,388$2,139,368$1,486,375$4,815,236
72$6,861,321$2,177,919$1,469,890$5,183,391
73$7,492,809$2,216,270$1,450,765$5,586,158
74$8,186,556$2,254,347$1,428,845$6,027,017
75$8,948,843$2,292,069$1,403,970$6,509,801
76$9,786,593$2,329,348$1,375,970$7,038,733
77$10,707,429$2,366,090$1,344,669$7,618,469
78$11,719,753$2,402,194$1,309,881$8,254,142
79$12,832,818$2,437,552$1,271,414$8,951,404
80$14,056,823$2,472,049$1,229,063$9,716,488
81$15,403,000$2,505,561$1,182,618$10,556,264
82$16,883,727$2,537,955$1,131,857$11,478,300
83$18,512,642$2,569,089$1,076,548$12,490,941
84$20,304,769$2,598,812$1,016,451$13,603,382
85$22,276,664$2,626,963$951,310$14,825,757
86$24,446,568$2,653,368$880,863$16,169,237
87$26,834,580$2,677,844$804,834$17,646,133
88$29,462,843$2,700,196$722,932$19,270,014
89$32,355,761$2,720,213$634,858$21,055,834
90$35,540,219$2,737,673$540,296$23,020,076
91$39,045,843$2,752,341$438,918$25,180,907
92$42,905,277$2,763,964$330,380$27,558,348
93$47,154,491$2,772,274$214,323$30,174,466
94$51,833,121$2,776,987$90,375$33,053,584
95$56,984,840$2,777,801$0$36,222,507
96$62,657,775$2,774,393$0$39,714,357
97$68,904,953$2,766,424$0$43,566,583
98$75,784,811$2,753,531$0$47,807,388
99$83,361,737$2,735,330$0$52,476,363
100$91,706,687$2,711,414$0$57,617,142