Can I retire at age 54 with 1,470,000?

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 $1,470,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.6%
1 years$121,391$120,310$119,255$118,225$117,220$113,604
2 years$60,095$58,975$57,891$56,839$55,819$52,208
3 years$39,665$38,541$37,459$36,417$35,414$31,920
4 years$29,452$28,332$27,261$26,237$25,257$21,909
5 years$23,326$22,212$21,155$20,152$19,200$16,005
6 years$19,244$18,138$17,097$16,116$15,193$12,154
7 years$16,329$15,232$14,207$13,250$12,356$9,473
8 years$14,143$13,057$12,049$11,115$10,250$7,522
9 years$12,444$11,368$10,378$9,467$8,632$6,055
10 years$11,086$10,021$9,048$8,161$7,355$4,926
11 years$9,976$8,921$7,965$7,103$6,326$4,040
12 years$9,051$8,007$7,069$6,230$5,482$3,334
13 years$8,269$7,236$6,316$5,500$4,780$2,766
14 years$7,599$6,577$5,675$4,882$4,190$2,305
15 years$7,020$6,008$5,124$4,354$3,689$1,926
16 years$6,513$5,513$4,645$3,899$3,261$1,615
17 years$6,066$5,077$4,227$3,503$2,891$1,357
18 years$5,669$4,691$3,859$3,157$2,571$1,142
19 years$5,315$4,348$3,532$2,852$2,291$963
20 years$4,996$4,040$3,242$2,583$2,047$813
21 years$4,708$3,763$2,982$2,345$1,831$687
22 years$4,447$3,513$2,748$2,132$1,642$581
23 years$4,208$3,286$2,538$1,942$1,474$492
24 years$3,990$3,078$2,347$1,771$1,325$417
25 years$3,790$2,889$2,174$1,617$1,192$353
26 years$3,605$2,715$2,016$1,479$1,074$300
27 years$3,435$2,555$1,872$1,353$968$254
28 years$3,276$2,408$1,740$1,240$873$216
29 years$3,129$2,271$1,619$1,137$789$183
30 years$2,992$2,145$1,508$1,044$713$156
31 years$2,864$2,028$1,406$958$644$132
32 years$2,745$1,919$1,312$881$583$112
33 years$2,633$1,817$1,225$810$527$95
34 years$2,527$1,722$1,145$745$478$81
35 years$2,428$1,633$1,070$686$433$69
36 years$2,335$1,550$1,001$632$392$59
37 years$2,247$1,473$937$582$355$50
38 years$2,163$1,399$877$537$322$42
39 years$2,084$1,331$822$495$292$36
40 years$2,010$1,266$771$456$265$31
41 years$1,939$1,205$723$421$240$26
42 years$1,872$1,148$678$389$218$22
43 years$1,808$1,094$636$359$198$19
44 years$1,747$1,042$597$331$180$16
45 years$1,689$994$561$306$163$14
46 years$1,633$948$526$283$148$12
47 years$1,580$905$495$261$134$10
48 years$1,530$864$465$241$122$8
49 years$1,481$825$437$223$111$7
50 years$1,435$788$411$206$101$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $1,470,000, adding $3,328 every year, while hoping to spend $53,816 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: 37/42/21 Blend
53$1,470,000$1,470,000$1,470,000$1,470,000
54$1,623,373$1,545,463$1,522,678$1,673,064
55$1,731,697$1,563,931$1,516,428$1,727,979
56$1,849,267$1,581,500$1,508,165$1,781,982
57$1,976,968$1,598,069$1,497,764$1,839,215
58$2,115,775$1,613,532$1,485,096$1,900,001
59$2,266,762$1,627,772$1,470,024$1,964,696
60$2,431,107$1,640,668$1,452,405$2,033,698
61$2,610,109$1,652,090$1,432,090$2,107,445
62$2,805,197$1,661,899$1,408,922$2,186,426
63$3,017,943$1,669,948$1,382,736$2,271,180
64$3,250,077$1,676,079$1,353,362$2,362,307
65$3,503,504$1,680,127$1,320,619$2,460,473
66$3,780,322$1,681,913$1,284,320$2,566,412
67$4,082,838$1,681,250$1,244,268$2,680,940
68$4,413,593$1,677,937$1,200,257$2,804,962
69$4,775,386$1,671,763$1,152,072$2,939,478
70$5,171,298$1,662,502$1,099,489$3,085,596
71$5,604,721$1,649,914$1,042,272$3,244,544
72$6,079,390$1,633,748$980,176$3,417,680
73$6,599,419$1,613,733$912,944$3,606,507
74$7,169,340$1,589,586$840,307$3,812,688
75$7,794,141$1,561,004$761,985$4,038,066
76$8,479,318$1,527,667$677,686$4,284,676
77$9,230,923$1,489,238$587,103$4,554,771
78$10,055,623$1,445,357$489,918$4,850,842
79$10,960,762$1,395,645$385,796$5,175,643
80$11,954,429$1,339,700$274,388$5,532,221
81$13,045,533$1,277,098$155,333$5,923,943
82$14,243,889$1,207,388$28,249$6,354,531
83$15,560,311$1,130,095$0$6,828,098
84$17,006,710$1,044,717$0$7,373,248
85$18,596,208$950,721$0$7,979,265
86$20,343,261$847,547$0$8,645,458
87$22,263,796$734,599$0$9,378,059
88$24,375,360$611,251$0$10,183,945
89$26,697,284$476,839$0$11,070,706
90$29,250,866$330,664$0$12,046,716
91$32,059,574$171,986$0$13,121,218
92$35,149,261$23$0$14,304,408
93$38,548,413$0$0$15,607,538
94$42,288,418$0$0$17,129,005
95$46,403,858$0$0$18,803,454
96$50,932,836$0$0$20,646,406
97$55,917,337$0$0$22,674,977
98$61,403,622$0$0$24,908,025
99$67,442,664$0$0$27,366,330
100$74,090,627$0$0$30,072,789