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%12.9%
1 years$122,217$121,128$120,066$119,030$118,017$116,591
2 years$60,503$59,377$58,285$57,226$56,199$54,763
3 years$39,935$38,803$37,714$36,665$35,655$34,255
4 years$29,653$28,525$27,446$26,415$25,429$24,076
5 years$23,485$22,364$21,299$20,289$19,331$18,027
6 years$19,375$18,262$17,213$16,226$15,296$14,044
7 years$16,440$15,336$14,304$13,340$12,440$11,240
8 years$14,239$13,146$12,131$11,191$10,320$9,173
9 years$12,529$11,446$10,448$9,532$8,691$7,595
10 years$11,162$10,089$9,109$8,217$7,405$6,360
11 years$10,044$8,982$8,020$7,151$6,369$5,374
12 years$9,112$8,061$7,117$6,272$5,519$4,573
13 years$8,325$7,285$6,359$5,537$4,813$3,915
14 years$7,651$6,622$5,713$4,916$4,219$3,367
15 years$7,067$6,049$5,158$4,384$3,714$2,908
16 years$6,557$5,550$4,677$3,925$3,283$2,520
17 years$6,107$5,111$4,256$3,527$2,911$2,190
18 years$5,708$4,723$3,885$3,178$2,588$1,908
19 years$5,351$4,377$3,556$2,872$2,307$1,666
20 years$5,030$4,068$3,264$2,601$2,061$1,457
21 years$4,740$3,789$3,002$2,361$1,844$1,277
22 years$4,477$3,537$2,767$2,146$1,653$1,120
23 years$4,237$3,308$2,555$1,955$1,484$984
24 years$4,017$3,099$2,363$1,783$1,334$865
25 years$3,816$2,909$2,188$1,628$1,200$761
26 years$3,630$2,734$2,030$1,489$1,081$670
27 years$3,458$2,573$1,885$1,363$975$591
28 years$3,299$2,424$1,752$1,248$879$521
29 years$3,151$2,287$1,630$1,145$794$459
30 years$3,013$2,160$1,519$1,051$717$405
31 years$2,884$2,042$1,416$965$649$358
32 years$2,763$1,932$1,321$887$587$316
33 years$2,650$1,829$1,233$816$531$279
34 years$2,544$1,734$1,152$750$481$247
35 years$2,445$1,645$1,077$691$435$218
36 years$2,351$1,561$1,008$636$395$193
37 years$2,262$1,483$943$586$358$171
38 years$2,178$1,409$883$540$324$151
39 years$2,099$1,340$828$498$294$134
40 years$2,023$1,275$776$459$267$118
41 years$1,952$1,213$727$424$242$105
42 years$1,884$1,156$682$391$220$93
43 years$1,820$1,101$640$361$199$82
44 years$1,758$1,050$601$333$181$73
45 years$1,700$1,001$564$308$164$64
46 years$1,644$955$530$284$149$57
47 years$1,591$911$498$263$135$50
48 years$1,540$870$468$243$123$45
49 years$1,492$831$440$224$112$39
50 years$1,445$793$414$207$101$35

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 $3,935 every year, while hoping to spend $20,473 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: 69/6/25 Blend
53$1,480,000$1,480,000$1,480,000$1,480,000
54$1,635,019$1,556,579$1,533,639$1,737,129
55$1,780,008$1,611,068$1,563,233$1,860,563
56$1,939,099$1,667,541$1,593,132$1,992,868
57$2,113,710$1,726,074$1,623,325$2,137,182
58$2,305,402$1,786,744$1,653,799$2,294,692
59$2,515,892$1,849,634$1,684,541$2,466,708
60$2,747,076$1,914,830$1,715,536$2,654,671
61$3,001,040$1,982,418$1,746,768$2,860,169
62$3,280,081$2,052,492$1,778,220$3,084,951
63$3,586,732$2,125,146$1,809,873$3,330,943
64$3,923,782$2,200,482$1,841,707$3,600,267
65$4,294,304$2,278,602$1,873,701$3,895,262
66$4,701,684$2,359,614$1,905,830$4,218,502
67$5,149,651$2,443,630$1,938,071$4,572,824
68$5,642,315$2,530,768$1,970,396$4,961,354
69$6,184,204$2,621,148$2,002,777$5,387,535
70$6,780,306$2,714,898$2,035,184$5,855,159
71$7,436,119$2,812,149$2,067,583$6,368,408
72$8,157,697$2,913,039$2,099,942$6,931,884
73$8,951,713$3,017,709$2,132,221$7,550,661
74$9,825,521$3,126,309$2,164,383$8,230,330
75$10,787,219$3,238,993$2,196,385$8,977,048
76$11,845,735$3,355,924$2,228,183$9,797,602
77$13,010,903$3,477,267$2,259,731$10,699,468
78$14,293,561$3,603,199$2,290,978$11,690,886
79$15,705,650$3,733,902$2,321,871$12,780,933
80$17,260,327$3,869,564$2,352,355$13,979,612
81$18,972,092$4,010,384$2,382,370$15,297,943
82$20,856,920$4,156,567$2,411,854$16,748,073
83$22,932,415$4,308,328$2,440,740$18,343,383
84$25,217,975$4,465,890$2,468,959$20,098,618
85$27,734,975$4,629,486$2,496,436$22,030,029
86$30,506,970$4,799,358$2,523,094$24,155,520
87$33,559,914$4,975,759$2,548,850$26,494,822
88$36,922,407$5,158,953$2,573,618$29,069,675
89$40,625,964$5,349,214$2,597,307$31,904,038
90$44,705,315$5,546,827$2,619,819$35,024,310
91$49,198,728$5,752,093$2,641,054$38,459,583
92$54,148,374$5,965,320$2,660,904$42,241,915
93$59,600,721$6,186,835$2,679,258$46,406,632
94$65,606,978$6,416,973$2,695,997$50,992,662
95$72,223,574$6,656,089$2,710,996$56,042,902
96$79,512,690$6,904,548$2,724,126$61,604,624
97$87,542,848$7,162,735$2,735,248$67,729,920
98$96,389,558$7,431,049$2,744,218$74,476,193
99$106,136,029$7,709,906$2,750,886$81,906,701
100$116,873,954$7,999,741$2,755,090$90,091,152