Can I retire at age 54 with 1,450,000?

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 $1,450,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.1%
1 years$119,740$118,673$117,632$116,617$115,625$111,834
2 years$59,277$58,173$57,103$56,066$55,060$51,277
3 years$39,125$38,017$36,950$35,922$34,932$31,276
4 years$29,052$27,946$26,890$25,880$24,914$21,412
5 years$23,009$21,910$20,868$19,878$18,939$15,601
6 years$18,982$17,891$16,864$15,897$14,986$11,815
7 years$16,106$15,025$14,014$13,070$12,188$9,182
8 years$13,951$12,879$11,885$10,964$10,111$7,270
9 years$12,275$11,214$10,237$9,339$8,515$5,834
10 years$10,935$9,884$8,925$8,050$7,255$4,731
11 years$9,840$8,799$7,857$7,006$6,239$3,868
12 years$8,928$7,898$6,973$6,145$5,407$3,182
13 years$8,156$7,137$6,230$5,425$4,715$2,631
14 years$7,496$6,488$5,598$4,816$4,133$2,184
15 years$6,924$5,927$5,054$4,295$3,639$1,819
16 years$6,424$5,438$4,582$3,846$3,216$1,519
17 years$5,983$5,008$4,169$3,455$2,852$1,272
18 years$5,592$4,627$3,806$3,114$2,536$1,067
19 years$5,242$4,289$3,484$2,814$2,260$896
20 years$4,928$3,985$3,198$2,548$2,019$754
21 years$4,644$3,712$2,941$2,313$1,807$634
22 years$4,386$3,465$2,711$2,103$1,619$535
23 years$4,151$3,241$2,503$1,915$1,454$451
24 years$3,936$3,036$2,315$1,747$1,307$380
25 years$3,738$2,850$2,144$1,595$1,176$321
26 years$3,556$2,678$1,989$1,459$1,059$271
27 years$3,388$2,520$1,846$1,335$955$229
28 years$3,232$2,375$1,717$1,223$862$194
29 years$3,087$2,241$1,597$1,122$778$164
30 years$2,952$2,116$1,488$1,029$703$139
31 years$2,825$2,000$1,387$945$635$117
32 years$2,707$1,893$1,294$869$575$99
33 years$2,597$1,792$1,208$799$520$84
34 years$2,493$1,699$1,129$735$471$71
35 years$2,395$1,611$1,056$677$427$60
36 years$2,303$1,529$988$623$387$51
37 years$2,216$1,453$924$574$350$43
38 years$2,134$1,380$866$529$318$36
39 years$2,056$1,313$811$488$288$31
40 years$1,982$1,249$760$450$261$26
41 years$1,912$1,189$713$415$237$22
42 years$1,846$1,132$669$383$215$19
43 years$1,783$1,079$627$354$195$16
44 years$1,723$1,028$589$327$177$13
45 years$1,666$981$553$302$161$11
46 years$1,611$935$519$279$146$10
47 years$1,559$893$488$257$133$8
48 years$1,509$852$458$238$120$7
49 years$1,461$814$431$220$109$6
50 years$1,416$777$405$203$99$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $1,450,000, adding $3,542 every year, while hoping to spend $26,755 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: 79/10/11 Blend
53$1,450,000$1,450,000$1,450,000$1,450,000
54$1,601,554$1,524,704$1,502,229$1,724,677
55$1,736,445$1,570,947$1,524,086$1,852,311
56$1,884,198$1,618,560$1,545,779$1,988,483
57$2,046,098$1,667,580$1,567,274$2,137,097
58$2,223,557$1,718,049$1,588,535$2,299,386
59$2,418,133$1,770,006$1,609,524$2,476,704
60$2,631,540$1,823,494$1,630,201$2,670,544
61$2,865,668$1,878,556$1,650,523$2,882,551
62$3,122,597$1,935,236$1,670,446$3,114,535
63$3,404,618$1,993,579$1,689,922$3,368,491
64$3,714,256$2,053,631$1,708,902$3,646,615
65$4,054,292$2,115,441$1,727,332$3,951,328
66$4,427,789$2,179,057$1,745,157$4,285,296
67$4,838,121$2,244,528$1,762,317$4,651,454
68$5,289,006$2,311,907$1,778,751$5,053,038
69$5,784,539$2,381,245$1,794,394$5,493,611
70$6,329,233$2,452,596$1,809,177$5,977,099
71$6,928,057$2,526,016$1,823,027$6,507,827
72$7,586,489$2,601,560$1,835,868$7,090,560
73$8,310,561$2,679,287$1,847,620$7,730,548
74$9,106,921$2,759,256$1,858,198$8,433,574
75$9,982,894$2,841,526$1,867,515$9,206,012
76$10,946,549$2,926,160$1,875,476$10,054,882
77$12,006,776$3,013,222$1,881,984$10,987,921
78$13,173,373$3,102,775$1,886,936$12,013,652
79$14,457,132$3,194,886$1,890,223$13,141,467
80$15,869,947$3,289,623$1,891,734$14,381,714
81$17,424,923$3,387,056$1,891,348$15,745,794
82$19,136,497$3,487,254$1,888,940$17,246,273
83$21,020,580$3,590,290$1,884,380$18,896,993
84$23,094,703$3,696,238$1,877,530$20,713,209
85$25,378,183$3,805,173$1,868,247$22,711,728
86$27,892,303$3,917,172$1,856,379$24,911,074
87$30,660,518$4,032,314$1,841,768$27,331,653
88$33,708,672$4,150,678$1,824,249$29,995,955
89$37,065,243$4,272,347$1,803,647$32,928,762
90$40,761,609$4,397,404$1,779,781$36,157,379
91$44,832,350$4,525,934$1,752,460$39,711,899
92$49,315,568$4,658,023$1,721,486$43,625,477
93$54,253,249$4,793,759$1,686,649$47,934,654
94$59,691,659$4,933,232$1,647,731$52,679,691
95$65,681,782$5,076,534$1,604,503$57,904,958
96$72,279,797$5,223,757$1,556,727$63,659,347
97$79,547,611$5,374,996$1,504,152$69,996,733
98$87,553,443$5,530,347$1,446,517$76,976,489
99$96,372,467$5,689,907$1,383,548$84,664,038
100$106,087,522$5,853,775$1,314,960$93,131,476