Can I retire at age 54 with 1,480,000?

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 $1,480,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.2%
1 years$122,217$121,128$120,066$119,030$118,017$115,967
2 years$60,503$59,377$58,285$57,226$56,199$54,139
3 years$39,935$38,803$37,714$36,665$35,655$33,651
4 years$29,653$28,525$27,446$26,415$25,429$23,496
5 years$23,485$22,364$21,299$20,289$19,331$17,474
6 years$19,375$18,262$17,213$16,226$15,296$13,518
7 years$16,440$15,336$14,304$13,340$12,440$10,741
8 years$14,239$13,146$12,131$11,191$10,320$8,700
9 years$12,529$11,446$10,448$9,532$8,691$7,148
10 years$11,162$10,089$9,109$8,217$7,405$5,939
11 years$10,044$8,982$8,020$7,151$6,369$4,977
12 years$9,112$8,061$7,117$6,272$5,519$4,200
13 years$8,325$7,285$6,359$5,537$4,813$3,565
14 years$7,651$6,622$5,713$4,916$4,219$3,040
15 years$7,067$6,049$5,158$4,384$3,714$2,602
16 years$6,557$5,550$4,677$3,925$3,283$2,235
17 years$6,107$5,111$4,256$3,527$2,911$1,924
18 years$5,708$4,723$3,885$3,178$2,588$1,661
19 years$5,351$4,377$3,556$2,872$2,307$1,436
20 years$5,030$4,068$3,264$2,601$2,061$1,244
21 years$4,740$3,789$3,002$2,361$1,844$1,079
22 years$4,477$3,537$2,767$2,146$1,653$938
23 years$4,237$3,308$2,555$1,955$1,484$815
24 years$4,017$3,099$2,363$1,783$1,334$710
25 years$3,816$2,909$2,188$1,628$1,200$618
26 years$3,630$2,734$2,030$1,489$1,081$539
27 years$3,458$2,573$1,885$1,363$975$470
28 years$3,299$2,424$1,752$1,248$879$410
29 years$3,151$2,287$1,630$1,145$794$358
30 years$3,013$2,160$1,519$1,051$717$312
31 years$2,884$2,042$1,416$965$649$273
32 years$2,763$1,932$1,321$887$587$239
33 years$2,650$1,829$1,233$816$531$208
34 years$2,544$1,734$1,152$750$481$182
35 years$2,445$1,645$1,077$691$435$159
36 years$2,351$1,561$1,008$636$395$139
37 years$2,262$1,483$943$586$358$122
38 years$2,178$1,409$883$540$324$107
39 years$2,099$1,340$828$498$294$93
40 years$2,023$1,275$776$459$267$82
41 years$1,952$1,213$727$424$242$71
42 years$1,884$1,156$682$391$220$63
43 years$1,820$1,101$640$361$199$55
44 years$1,758$1,050$601$333$181$48
45 years$1,700$1,001$564$308$164$42
46 years$1,644$955$530$284$149$37
47 years$1,591$911$498$263$135$32
48 years$1,540$870$468$243$123$28
49 years$1,492$831$440$224$112$25
50 years$1,445$793$414$207$101$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $1,480,000, adding $2,806 every year, while hoping to spend $53,288 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: 62/10/28 Blend
53$1,480,000$1,480,000$1,480,000$1,480,000
54$1,633,854$1,555,414$1,532,474$1,722,721
55$1,743,810$1,574,932$1,527,114$1,802,962
56$1,863,194$1,593,619$1,519,789$1,884,509
57$1,992,914$1,611,380$1,510,375$1,972,421
58$2,133,964$1,628,112$1,498,746$2,067,330
59$2,287,442$1,643,702$1,484,768$2,169,934
60$2,454,553$1,658,035$1,468,299$2,281,005
61$2,636,623$1,670,985$1,449,193$2,401,394
62$2,835,113$1,682,418$1,427,295$2,532,040
63$3,051,630$1,692,192$1,402,445$2,673,979
64$3,287,943$1,700,156$1,374,474$2,828,356
65$3,545,999$1,706,149$1,343,204$2,996,433
66$3,827,941$1,710,001$1,308,452$3,179,603
67$4,136,129$1,711,529$1,270,023$3,379,404
68$4,473,161$1,710,541$1,227,716$3,597,532
69$4,841,897$1,706,831$1,181,318$3,835,859
70$5,245,488$1,700,183$1,130,609$4,096,451
71$5,687,401$1,690,365$1,075,358$4,381,585
72$6,171,455$1,677,132$1,015,322$4,693,776
73$6,701,857$1,660,225$950,249$5,035,798
74$7,283,239$1,639,368$879,874$5,410,711
75$7,920,702$1,614,270$803,923$5,821,889
76$8,619,865$1,584,621$722,106$6,273,057
77$9,386,918$1,550,094$634,123$6,768,321
78$10,228,676$1,510,342$539,659$7,312,212
79$11,152,649$1,464,996$438,386$7,909,727
80$12,167,108$1,413,670$329,960$8,566,376
81$13,281,164$1,355,950$214,024$9,288,240
82$14,504,853$1,291,402$90,204$10,082,021
83$15,849,232$1,219,565$0$10,955,114
84$17,326,481$1,139,951$0$11,928,199
85$18,950,020$1,052,047$0$13,027,314
86$20,734,631$955,306$0$14,235,524
87$22,696,602$849,154$0$15,563,896
88$24,853,875$732,983$0$17,024,624
89$27,226,220$606,148$0$18,631,147
90$29,835,418$467,973$0$20,398,275
91$32,705,465$317,738$0$22,342,326
92$35,862,803$154,688$0$24,481,286
93$39,336,562$0$0$26,834,973
94$43,158,842$0$0$29,427,647
95$47,365,007$0$0$32,299,571
96$51,994,026$0$0$35,460,346
97$57,088,835$0$0$38,939,305
98$62,696,745$0$0$42,768,772
99$68,869,884$0$0$46,984,361
100$75,665,692$0$0$51,625,315