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

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 $1,470,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.1%
1 years$121,391$120,310$119,255$118,225$117,220$114,293
2 years$60,095$58,975$57,891$56,839$55,819$52,889
3 years$39,665$38,541$37,459$36,417$35,414$32,572
4 years$29,452$28,332$27,261$26,237$25,257$22,526
5 years$23,326$22,212$21,155$20,152$19,200$16,586
6 years$19,244$18,138$17,097$16,116$15,193$12,699
7 years$16,329$15,232$14,207$13,250$12,356$9,983
8 years$14,143$13,057$12,049$11,115$10,250$7,997
9 years$12,444$11,368$10,378$9,467$8,632$6,496
10 years$11,086$10,021$9,048$8,161$7,355$5,334
11 years$9,976$8,921$7,965$7,103$6,326$4,417
12 years$9,051$8,007$7,069$6,230$5,482$3,682
13 years$8,269$7,236$6,316$5,500$4,780$3,086
14 years$7,599$6,577$5,675$4,882$4,190$2,597
15 years$7,020$6,008$5,124$4,354$3,689$2,194
16 years$6,513$5,513$4,645$3,899$3,261$1,859
17 years$6,066$5,077$4,227$3,503$2,891$1,579
18 years$5,669$4,691$3,859$3,157$2,571$1,344
19 years$5,315$4,348$3,532$2,852$2,291$1,146
20 years$4,996$4,040$3,242$2,583$2,047$979
21 years$4,708$3,763$2,982$2,345$1,831$837
22 years$4,447$3,513$2,748$2,132$1,642$716
23 years$4,208$3,286$2,538$1,942$1,474$614
24 years$3,990$3,078$2,347$1,771$1,325$526
25 years$3,790$2,889$2,174$1,617$1,192$451
26 years$3,605$2,715$2,016$1,479$1,074$387
27 years$3,435$2,555$1,872$1,353$968$333
28 years$3,276$2,408$1,740$1,240$873$286
29 years$3,129$2,271$1,619$1,137$789$246
30 years$2,992$2,145$1,508$1,044$713$211
31 years$2,864$2,028$1,406$958$644$182
32 years$2,745$1,919$1,312$881$583$156
33 years$2,633$1,817$1,225$810$527$134
34 years$2,527$1,722$1,145$745$478$116
35 years$2,428$1,633$1,070$686$433$100
36 years$2,335$1,550$1,001$632$392$86
37 years$2,247$1,473$937$582$355$74
38 years$2,163$1,399$877$537$322$63
39 years$2,084$1,331$822$495$292$55
40 years$2,010$1,266$771$456$265$47
41 years$1,939$1,205$723$421$240$41
42 years$1,872$1,148$678$389$218$35
43 years$1,808$1,094$636$359$198$30
44 years$1,747$1,042$597$331$180$26
45 years$1,689$994$561$306$163$22
46 years$1,633$948$526$283$148$19
47 years$1,580$905$495$261$134$17
48 years$1,530$864$465$241$122$14
49 years$1,481$825$437$223$111$12
50 years$1,435$788$411$206$101$11

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 $5,271 every year, while hoping to spend $37,110 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: 51/40/9 Blend
53$1,470,000$1,470,000$1,470,000$1,470,000
54$1,625,377$1,547,467$1,524,682$1,704,224
55$1,751,681$1,583,808$1,536,274$1,794,889
56$1,889,624$1,620,686$1,547,011$1,888,981
57$2,040,354$1,658,088$1,556,824$1,990,397
58$2,205,135$1,696,000$1,565,643$2,099,834
59$2,385,359$1,734,404$1,573,392$2,218,061
60$2,582,558$1,773,282$1,579,993$2,345,922
61$2,798,418$1,812,612$1,585,362$2,484,351
62$3,034,798$1,852,372$1,589,413$2,634,373
63$3,293,744$1,892,534$1,592,055$2,797,119
64$3,577,508$1,933,071$1,593,191$2,973,834
65$3,888,572$1,973,949$1,592,721$3,165,890
66$4,229,668$2,015,134$1,590,539$3,374,797
67$4,603,807$2,056,589$1,586,534$3,602,223
68$5,014,303$2,098,269$1,580,591$3,850,001
69$5,464,808$2,140,131$1,572,587$4,120,154
70$5,959,345$2,182,124$1,562,396$4,414,909
71$6,502,344$2,224,194$1,549,882$4,736,722
72$7,098,686$2,266,282$1,534,906$5,088,298
73$7,753,748$2,308,326$1,517,321$5,472,619
74$8,473,453$2,350,256$1,496,973$5,892,971
75$9,264,325$2,391,999$1,473,702$6,352,975
76$10,133,553$2,433,474$1,447,338$6,856,622
77$11,089,057$2,474,596$1,417,706$7,408,311
78$12,139,562$2,515,272$1,384,620$8,012,889
79$13,294,680$2,555,403$1,347,888$8,675,701
80$14,565,002$2,594,883$1,307,307$9,402,633
81$15,962,197$2,633,596$1,262,665$10,200,178
82$17,499,119$2,671,420$1,213,743$11,075,487
83$19,189,934$2,708,224$1,160,308$12,036,446
84$21,050,248$2,743,868$1,102,119$13,091,745
85$23,097,256$2,778,201$1,038,923$14,250,961
86$25,349,906$2,811,063$970,457$15,524,651
87$27,829,073$2,842,281$896,444$16,924,450
88$30,557,760$2,871,674$816,596$18,463,183
89$33,561,311$2,899,046$730,612$20,154,985
90$36,867,655$2,924,189$638,177$22,015,435
91$40,507,563$2,946,882$538,963$24,061,704
92$44,514,942$2,966,887$432,627$26,312,719
93$48,927,157$2,983,955$318,810$28,789,338
94$53,785,375$2,997,817$197,138$31,514,555
95$59,134,962$3,008,189$67,221$34,513,710
96$65,025,907$3,014,769$0$37,814,731
97$71,513,293$3,017,236$0$41,455,263
98$78,657,816$3,015,248$0$45,469,710
99$86,526,361$3,008,443$0$49,889,047
100$95,192,629$2,996,436$0$54,754,536