Can I retire at age 54 with 1,440,000?

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 $1,440,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.7%
1 years$118,914$117,855$116,821$115,813$114,828$111,241
2 years$58,868$57,772$56,709$55,679$54,680$51,098
3 years$38,856$37,755$36,695$35,674$34,691$31,227
4 years$28,851$27,754$26,704$25,701$24,742$21,422
5 years$22,850$21,759$20,724$19,741$18,808$15,641
6 years$18,851$17,768$16,748$15,787$14,883$11,871
7 years$15,995$14,922$13,917$12,979$12,103$9,247
8 years$13,855$12,791$11,803$10,888$10,041$7,338
9 years$12,191$11,136$10,166$9,274$8,456$5,904
10 years$10,860$9,816$8,863$7,994$7,205$4,800
11 years$9,772$8,739$7,803$6,958$6,196$3,934
12 years$8,866$7,843$6,925$6,103$5,370$3,245
13 years$8,100$7,088$6,187$5,388$4,683$2,690
14 years$7,444$6,443$5,559$4,783$4,105$2,240
15 years$6,876$5,886$5,019$4,265$3,614$1,871
16 years$6,380$5,400$4,550$3,819$3,194$1,567
17 years$5,942$4,973$4,141$3,431$2,832$1,316
18 years$5,554$4,596$3,780$3,092$2,518$1,107
19 years$5,206$4,259$3,460$2,794$2,245$932
20 years$4,894$3,958$3,176$2,531$2,005$787
21 years$4,612$3,687$2,921$2,297$1,794$664
22 years$4,356$3,441$2,692$2,088$1,608$562
23 years$4,123$3,218$2,486$1,902$1,444$475
24 years$3,909$3,016$2,299$1,735$1,298$402
25 years$3,713$2,830$2,129$1,584$1,168$341
26 years$3,532$2,660$1,975$1,448$1,052$289
27 years$3,364$2,503$1,834$1,326$948$245
28 years$3,209$2,359$1,705$1,215$856$208
29 years$3,065$2,225$1,586$1,114$773$176
30 years$2,931$2,101$1,478$1,022$698$149
31 years$2,806$1,986$1,378$939$631$127
32 years$2,689$1,880$1,285$863$571$108
33 years$2,579$1,780$1,200$794$517$91
34 years$2,476$1,687$1,121$730$468$78
35 years$2,379$1,600$1,048$672$424$66
36 years$2,287$1,519$981$619$384$56
37 years$2,201$1,442$918$570$348$47
38 years$2,119$1,371$860$526$315$40
39 years$2,042$1,304$805$485$286$34
40 years$1,969$1,240$755$447$259$29
41 years$1,899$1,181$708$412$235$25
42 years$1,833$1,124$664$381$214$21
43 years$1,771$1,071$623$351$194$18
44 years$1,711$1,021$585$324$176$15
45 years$1,654$974$549$300$160$13
46 years$1,600$929$516$277$145$11
47 years$1,548$886$485$256$132$9
48 years$1,499$846$455$236$120$8
49 years$1,451$808$428$218$109$7
50 years$1,406$772$402$202$99$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $1,440,000, adding $3,048 every year, while hoping to spend $45,940 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: 74/19/7 Blend
53$1,440,000$1,440,000$1,440,000$1,440,000
54$1,590,024$1,513,704$1,491,384$1,705,949
55$1,703,327$1,538,996$1,492,466$1,807,998
56$1,826,646$1,563,987$1,492,044$1,913,647
57$1,960,957$1,588,615$1,490,019$2,028,075
58$2,107,328$1,612,811$1,486,289$2,152,133
59$2,266,940$1,636,503$1,480,744$2,286,762
60$2,441,089$1,659,612$1,473,270$2,432,994
61$2,631,203$1,682,056$1,463,748$2,591,969
62$2,838,854$1,703,746$1,452,052$2,764,943
63$3,065,773$1,724,585$1,438,051$2,953,298
64$3,313,864$1,744,472$1,421,608$3,158,557
65$3,585,225$1,763,297$1,402,578$3,382,399
66$3,882,165$1,780,946$1,380,812$3,626,674
67$4,207,227$1,797,294$1,356,150$3,893,418
68$4,563,211$1,812,209$1,328,429$4,184,878
69$4,953,202$1,825,550$1,297,474$4,503,528
70$5,380,595$1,837,168$1,263,106$4,852,095
71$5,849,130$1,846,904$1,225,134$5,233,583
72$6,362,927$1,854,588$1,183,362$5,651,304
73$6,926,522$1,860,039$1,137,581$6,108,907
74$7,544,914$1,863,067$1,087,576$6,610,413
75$8,223,605$1,863,468$1,033,121$7,160,254
76$8,968,660$1,861,025$973,977$7,763,316
77$9,786,758$1,855,510$909,900$8,424,980
78$10,685,255$1,846,678$840,630$9,151,180
79$11,672,257$1,834,271$765,896$9,948,455
80$12,756,692$1,818,014$685,419$10,824,010
81$13,948,396$1,797,618$598,901$11,785,788
82$15,258,205$1,772,775$506,037$12,842,542
83$16,698,057$1,743,156$406,505$14,003,919
84$18,281,105$1,708,417$299,969$15,280,551
85$20,021,840$1,668,191$186,080$16,684,158
86$21,936,225$1,622,090$64,471$18,227,655
87$24,041,850$1,569,702$0$19,925,276
88$26,358,095$1,510,594$0$21,797,588
89$28,906,312$1,444,305$0$23,862,459
90$31,710,028$1,370,348$0$26,134,158
91$34,795,164$1,288,208$0$28,633,721
92$38,190,281$1,197,341$0$31,384,330
93$41,926,850$1,097,170$0$34,411,534
94$46,039,545$987,088$0$37,743,488
95$50,566,574$866,451$0$41,411,221
96$55,550,036$734,578$0$45,448,930
97$61,036,320$590,753$0$49,894,301
98$67,076,541$434,216$0$54,788,864
99$73,727,021$264,166$0$60,178,392
100$81,049,824$79,756$0$66,113,325