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

Use the below retirement simulation to view the chances of a successful retirement.
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%11.6%
1 years$118,914$117,855$116,821$115,813$114,828$114,056
2 years$58,868$57,772$56,709$55,679$54,680$53,902
3 years$38,856$37,755$36,695$35,674$34,691$33,931
4 years$28,851$27,754$26,704$25,701$24,742$24,005
5 years$22,850$21,759$20,724$19,741$18,808$18,097
6 years$18,851$17,768$16,748$15,787$14,883$14,197
7 years$15,995$14,922$13,917$12,979$12,103$11,445
8 years$13,855$12,791$11,803$10,888$10,041$9,409
9 years$12,191$11,136$10,166$9,274$8,456$7,851
10 years$10,860$9,816$8,863$7,994$7,205$6,626
11 years$9,772$8,739$7,803$6,958$6,196$5,644
12 years$8,866$7,843$6,925$6,103$5,370$4,842
13 years$8,100$7,088$6,187$5,388$4,683$4,180
14 years$7,444$6,443$5,559$4,783$4,105$3,626
15 years$6,876$5,886$5,019$4,265$3,614$3,159
16 years$6,380$5,400$4,550$3,819$3,194$2,763
17 years$5,942$4,973$4,141$3,431$2,832$2,423
18 years$5,554$4,596$3,780$3,092$2,518$2,130
19 years$5,206$4,259$3,460$2,794$2,245$1,878
20 years$4,894$3,958$3,176$2,531$2,005$1,658
21 years$4,612$3,687$2,921$2,297$1,794$1,466
22 years$4,356$3,441$2,692$2,088$1,608$1,299
23 years$4,123$3,218$2,486$1,902$1,444$1,152
24 years$3,909$3,016$2,299$1,735$1,298$1,023
25 years$3,713$2,830$2,129$1,584$1,168$910
26 years$3,532$2,660$1,975$1,448$1,052$809
27 years$3,364$2,503$1,834$1,326$948$721
28 years$3,209$2,359$1,705$1,215$856$642
29 years$3,065$2,225$1,586$1,114$773$572
30 years$2,931$2,101$1,478$1,022$698$511
31 years$2,806$1,986$1,378$939$631$456
32 years$2,689$1,880$1,285$863$571$407
33 years$2,579$1,780$1,200$794$517$363
34 years$2,476$1,687$1,121$730$468$325
35 years$2,379$1,600$1,048$672$424$290
36 years$2,287$1,519$981$619$384$259
37 years$2,201$1,442$918$570$348$232
38 years$2,119$1,371$860$526$315$208
39 years$2,042$1,304$805$485$286$186
40 years$1,969$1,240$755$447$259$166
41 years$1,899$1,181$708$412$235$149
42 years$1,833$1,124$664$381$214$133
43 years$1,771$1,071$623$351$194$119
44 years$1,711$1,021$585$324$176$107
45 years$1,654$974$549$300$160$95
46 years$1,600$929$516$277$145$85
47 years$1,548$886$485$256$132$77
48 years$1,499$846$455$236$120$69
49 years$1,451$808$428$218$109$61
50 years$1,406$772$402$202$99$55

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 $3,511 every year, while hoping to spend $42,309 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: 38/50/12 Blend
53$1,440,000$1,440,000$1,440,000$1,440,000
54$1,590,502$1,514,182$1,491,862$1,645,004
55$1,707,716$1,543,360$1,496,823$1,713,280
56$1,835,469$1,572,550$1,500,532$1,782,644
57$1,974,790$1,601,708$1,502,902$1,856,671
58$2,126,812$1,630,786$1,503,844$1,935,802
59$2,292,785$1,659,732$1,503,260$2,020,519
60$2,474,081$1,688,491$1,501,052$2,111,357
61$2,672,214$1,717,004$1,497,114$2,208,905
62$2,888,849$1,745,206$1,491,336$2,313,813
63$3,125,818$1,773,028$1,483,602$2,426,799
64$3,385,141$1,800,396$1,473,792$2,548,653
65$3,669,040$1,827,230$1,461,779$2,680,249
66$3,979,963$1,853,445$1,447,430$2,822,552
67$4,320,606$1,878,951$1,430,605$2,976,625
68$4,693,937$1,903,649$1,411,160$3,143,642
69$5,103,226$1,927,434$1,388,941$3,324,898
70$5,552,073$1,950,197$1,363,788$3,521,824
71$6,044,445$1,971,816$1,335,535$3,735,997
72$6,584,709$1,992,166$1,304,007$3,969,158
73$7,177,678$2,011,111$1,269,020$4,223,229
74$7,828,652$2,028,506$1,230,382$4,500,329
75$8,543,468$2,044,197$1,187,894$4,802,798
76$9,328,559$2,058,020$1,141,346$5,133,218
77$10,191,010$2,069,800$1,090,519$5,494,436
78$11,138,625$2,079,353$1,035,183$5,889,595
79$12,180,003$2,086,479$975,100$6,322,164
80$13,324,617$2,090,970$910,019$6,795,967
81$14,582,902$2,092,602$839,679$7,315,226
82$15,966,356$2,091,138$763,807$7,884,598
83$17,487,647$2,086,326$682,116$8,509,219
84$19,160,730$2,077,899$594,310$9,194,756
85$21,000,982$2,065,573$500,077$9,947,463
86$23,025,343$2,049,048$399,091$10,774,235
87$25,252,481$2,028,004$291,014$11,682,680
88$27,702,962$2,002,104$175,490$12,681,189
89$30,399,446$1,970,989$52,151$13,779,017
90$33,366,900$1,934,278$0$14,986,373
91$36,632,836$1,891,570$0$16,324,694
92$40,227,567$1,842,438$0$17,804,008
93$44,184,493$1,786,432$0$19,431,382
94$48,540,418$1,723,074$0$21,221,976
95$53,335,893$1,651,857$0$23,192,506
96$58,615,605$1,572,248$0$25,361,405
97$64,428,789$1,483,682$0$27,748,994
98$70,829,702$1,385,558$0$30,377,679
99$77,878,127$1,277,246$0$33,272,162
100$85,639,941$1,158,076$0$36,459,680