Can I retire at age 54 with 1,460,000?

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 $1,460,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.9%
1 years$120,565$119,492$118,444$117,421$116,422$112,696
2 years$59,686$58,574$57,497$56,452$55,439$51,719
3 years$39,395$38,279$37,204$36,170$35,173$31,576
4 years$29,252$28,139$27,075$26,058$25,086$21,639
5 years$23,168$22,061$21,011$20,015$19,070$15,783
6 years$19,113$18,015$16,980$16,006$15,089$11,966
7 years$16,217$15,129$14,111$13,160$12,272$9,311
8 years$14,047$12,968$11,967$11,039$10,180$7,380
9 years$12,360$11,291$10,307$9,403$8,573$5,930
10 years$11,011$9,953$8,986$8,106$7,305$4,815
11 years$9,908$8,860$7,911$7,054$6,283$3,941
12 years$8,989$7,952$7,021$6,188$5,444$3,246
13 years$8,213$7,187$6,273$5,463$4,748$2,688
14 years$7,548$6,532$5,636$4,849$4,162$2,235
15 years$6,972$5,968$5,089$4,325$3,664$1,864
16 years$6,468$5,475$4,614$3,872$3,238$1,559
17 years$6,025$5,042$4,198$3,479$2,871$1,307
18 years$5,631$4,659$3,832$3,135$2,553$1,098
19 years$5,279$4,318$3,508$2,833$2,276$924
20 years$4,962$4,013$3,220$2,566$2,033$778
21 years$4,676$3,738$2,962$2,329$1,819$656
22 years$4,416$3,489$2,730$2,117$1,631$554
23 years$4,180$3,263$2,520$1,928$1,464$468
24 years$3,963$3,057$2,331$1,759$1,316$395
25 years$3,764$2,869$2,159$1,606$1,184$334
26 years$3,581$2,697$2,002$1,469$1,066$283
27 years$3,411$2,538$1,859$1,344$961$239
28 years$3,254$2,391$1,728$1,232$867$203
29 years$3,108$2,256$1,608$1,129$783$172
30 years$2,972$2,131$1,498$1,037$708$145
31 years$2,845$2,014$1,397$952$640$123
32 years$2,726$1,906$1,303$875$579$104
33 years$2,615$1,805$1,217$805$524$88
34 years$2,510$1,710$1,137$740$474$75
35 years$2,412$1,622$1,063$681$430$64
36 years$2,319$1,540$994$628$389$54
37 years$2,231$1,463$931$578$353$46
38 years$2,149$1,390$872$533$320$39
39 years$2,070$1,322$817$491$290$33
40 years$1,996$1,257$765$453$263$28
41 years$1,926$1,197$718$418$239$24
42 years$1,859$1,140$673$386$217$20
43 years$1,795$1,086$632$356$197$17
44 years$1,735$1,035$593$329$178$14
45 years$1,677$987$557$304$162$12
46 years$1,622$942$523$281$147$10
47 years$1,570$899$491$259$134$9
48 years$1,519$858$462$240$121$7
49 years$1,471$819$434$221$110$6
50 years$1,425$783$408$205$100$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $1,460,000, adding $3,988 every year, while hoping to spend $40,375 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: 60/21/19 Blend
53$1,460,000$1,460,000$1,460,000$1,460,000
54$1,613,034$1,535,654$1,513,024$1,701,612
55$1,734,604$1,567,942$1,520,751$1,794,289
56$1,867,222$1,600,459$1,527,385$1,890,547
57$2,011,971$1,633,174$1,532,844$1,994,643
58$2,170,045$1,666,052$1,537,047$2,107,341
59$2,342,757$1,699,056$1,539,905$2,229,485
60$2,531,553$1,732,145$1,541,328$2,362,006
61$2,738,027$1,765,275$1,541,217$2,505,926
62$2,963,931$1,798,399$1,539,473$2,662,375
63$3,211,196$1,831,465$1,535,990$2,832,597
64$3,481,947$1,864,416$1,530,655$3,017,964
65$3,778,527$1,897,193$1,523,353$3,219,989
66$4,103,512$1,929,732$1,513,961$3,440,336
67$4,459,743$1,961,961$1,502,351$3,680,844
68$4,850,345$1,993,806$1,488,388$3,943,536
69$5,278,764$2,025,186$1,471,933$4,230,646
70$5,748,793$2,056,015$1,452,837$4,544,633
71$6,264,610$2,086,199$1,430,948$4,888,210
72$6,830,817$2,115,640$1,406,102$5,264,366
73$7,452,485$2,144,231$1,378,131$5,676,397
74$8,135,198$2,171,859$1,346,858$6,127,937
75$8,885,109$2,198,400$1,312,098$6,622,989
76$9,708,994$2,223,726$1,273,658$7,165,968
77$10,614,321$2,247,697$1,231,334$7,761,742
78$11,609,313$2,270,166$1,184,915$8,415,674
79$12,703,033$2,290,974$1,134,180$9,133,678
80$13,905,464$2,309,953$1,078,896$9,922,272
81$15,227,604$2,326,924$1,018,822$10,788,642
82$16,681,572$2,341,696$953,705$11,740,709
83$18,280,718$2,354,065$883,280$12,787,204
84$20,039,753$2,363,815$807,272$13,937,751
85$21,974,883$2,370,717$725,390$15,202,959
86$24,103,964$2,374,526$637,334$16,594,523
87$26,446,673$2,374,982$542,790$18,125,333
88$29,024,688$2,371,810$441,427$19,809,598
89$31,861,894$2,364,717$332,903$21,662,979
90$34,984,611$2,353,392$216,859$23,702,740
91$38,421,839$2,337,505$92,921$25,947,910
92$42,205,530$2,316,707$0$28,419,463
93$46,370,896$2,290,627$0$31,148,495
94$50,956,731$2,258,872$0$34,173,132
95$56,005,785$2,221,024$0$37,502,692
96$61,565,164$2,176,644$0$41,168,222
97$67,686,774$2,125,262$0$45,203,940
98$74,427,810$2,066,385$0$49,647,553
99$81,851,296$1,999,488$0$54,540,617
100$90,026,682$1,924,016$0$59,928,928