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%
1 years$122,217$121,128$120,066$119,030$118,017$116,062
2 years$60,503$59,377$58,285$57,226$56,199$54,235
3 years$39,935$38,803$37,714$36,665$35,655$33,743
4 years$29,653$28,525$27,446$26,415$25,429$23,584
5 years$23,485$22,364$21,299$20,289$19,331$17,558
6 years$19,375$18,262$17,213$16,226$15,296$13,598
7 years$16,440$15,336$14,304$13,340$12,440$10,816
8 years$14,239$13,146$12,131$11,191$10,320$8,771
9 years$12,529$11,446$10,448$9,532$8,691$7,215
10 years$11,162$10,089$9,109$8,217$7,405$6,002
11 years$10,044$8,982$8,020$7,151$6,369$5,036
12 years$9,112$8,061$7,117$6,272$5,519$4,256
13 years$8,325$7,285$6,359$5,537$4,813$3,617
14 years$7,651$6,622$5,713$4,916$4,219$3,088
15 years$7,067$6,049$5,158$4,384$3,714$2,647
16 years$6,557$5,550$4,677$3,925$3,283$2,277
17 years$6,107$5,111$4,256$3,527$2,911$1,963
18 years$5,708$4,723$3,885$3,178$2,588$1,697
19 years$5,351$4,377$3,556$2,872$2,307$1,470
20 years$5,030$4,068$3,264$2,601$2,061$1,275
21 years$4,740$3,789$3,002$2,361$1,844$1,108
22 years$4,477$3,537$2,767$2,146$1,653$964
23 years$4,237$3,308$2,555$1,955$1,484$839
24 years$4,017$3,099$2,363$1,783$1,334$732
25 years$3,816$2,909$2,188$1,628$1,200$638
26 years$3,630$2,734$2,030$1,489$1,081$557
27 years$3,458$2,573$1,885$1,363$975$487
28 years$3,299$2,424$1,752$1,248$879$425
29 years$3,151$2,287$1,630$1,145$794$372
30 years$3,013$2,160$1,519$1,051$717$325
31 years$2,884$2,042$1,416$965$649$285
32 years$2,763$1,932$1,321$887$587$249
33 years$2,650$1,829$1,233$816$531$218
34 years$2,544$1,734$1,152$750$481$191
35 years$2,445$1,645$1,077$691$435$167
36 years$2,351$1,561$1,008$636$395$147
37 years$2,262$1,483$943$586$358$128
38 years$2,178$1,409$883$540$324$113
39 years$2,099$1,340$828$498$294$99
40 years$2,023$1,275$776$459$267$86
41 years$1,952$1,213$727$424$242$76
42 years$1,884$1,156$682$391$220$66
43 years$1,820$1,101$640$361$199$58
44 years$1,758$1,050$601$333$181$51
45 years$1,700$1,001$564$308$164$45
46 years$1,644$955$530$284$149$39
47 years$1,591$911$498$263$135$34
48 years$1,540$870$468$243$123$30
49 years$1,492$831$440$224$112$26
50 years$1,445$793$414$207$101$23

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 $2,596 every year, while hoping to spend $50,693 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: 61/30/9 Blend
53$1,480,000$1,480,000$1,480,000$1,480,000
54$1,633,638$1,555,198$1,532,258$1,729,894
55$1,746,332$1,577,466$1,529,651$1,816,940
56$1,868,822$1,599,125$1,525,259$1,905,823
57$2,002,053$1,620,094$1,518,966$2,001,538
58$2,147,066$1,640,282$1,510,656$2,104,743
59$2,305,006$1,659,595$1,500,202$2,216,168
60$2,477,132$1,677,931$1,487,474$2,336,615
61$2,664,831$1,695,181$1,472,336$2,466,969
62$2,869,629$1,711,230$1,454,644$2,608,207
63$3,093,206$1,725,955$1,434,249$2,761,405
64$3,337,410$1,739,223$1,410,993$2,927,750
65$3,604,276$1,750,896$1,384,712$3,108,551
66$3,896,046$1,760,824$1,355,234$3,305,253
67$4,215,187$1,768,848$1,322,378$3,519,446
68$4,564,415$1,774,801$1,285,957$3,752,886
69$4,946,721$1,778,502$1,245,773$4,007,511
70$5,365,400$1,779,762$1,201,620$4,285,455
71$5,824,079$1,778,379$1,153,282$4,589,073
72$6,326,753$1,774,137$1,100,534$4,920,962
73$6,877,821$1,766,808$1,043,141$5,283,986
74$7,482,128$1,756,152$980,856$5,681,303
75$8,145,012$1,741,910$913,422$6,116,398
76$8,872,351$1,723,811$840,569$6,593,110
77$9,670,619$1,701,567$762,017$7,115,676
78$10,546,950$1,674,871$677,472$7,688,766
79$11,509,199$1,643,400$586,628$8,317,533
80$12,566,021$1,606,810$489,163$9,007,655
81$13,726,950$1,564,739$384,745$9,765,397
82$15,002,488$1,516,800$273,023$10,597,665
83$16,404,206$1,462,587$153,633$11,512,076
84$17,944,850$1,401,669$26,195$12,517,027
85$19,638,463$1,333,589$0$13,621,777
86$21,500,517$1,257,866$0$14,847,083
87$23,548,057$1,173,988$0$16,197,025
88$25,799,862$1,081,417$0$17,681,542
89$28,276,623$979,582$0$19,314,361
90$31,001,137$867,879$0$21,110,617
91$33,998,520$745,673$0$23,086,994
92$37,296,448$612,290$0$25,261,883
93$40,925,412$467,018$0$27,655,558
94$44,919,008$309,107$0$30,290,367
95$49,314,257$137,763$0$33,190,945
96$54,151,947$0$0$36,384,447
97$59,477,022$0$0$39,916,604
98$65,339,003$0$0$43,855,097
99$71,792,460$0$0$48,191,126
100$78,897,519$0$0$52,965,109