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

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 $1,480,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.2%
1 years$122,217$121,128$120,066$119,030$118,017$113,649
2 years$60,503$59,377$58,285$57,226$56,199$51,847
3 years$39,935$38,803$37,714$36,665$35,655$31,457
4 years$29,653$28,525$27,446$26,415$25,429$21,417
5 years$23,485$22,364$21,299$20,289$19,331$15,514
6 years$19,375$18,262$17,213$16,226$15,296$11,678
7 years$16,440$15,336$14,304$13,340$12,440$9,020
8 years$14,239$13,146$12,131$11,191$10,320$7,094
9 years$12,529$11,446$10,448$9,532$8,691$5,655
10 years$11,162$10,089$9,109$8,217$7,405$4,554
11 years$10,044$8,982$8,020$7,151$6,369$3,697
12 years$9,112$8,061$7,117$6,272$5,519$3,019
13 years$8,325$7,285$6,359$5,537$4,813$2,477
14 years$7,651$6,622$5,713$4,916$4,219$2,041
15 years$7,067$6,049$5,158$4,384$3,714$1,687
16 years$6,557$5,550$4,677$3,925$3,283$1,398
17 years$6,107$5,111$4,256$3,527$2,911$1,161
18 years$5,708$4,723$3,885$3,178$2,588$965
19 years$5,351$4,377$3,556$2,872$2,307$804
20 years$5,030$4,068$3,264$2,601$2,061$671
21 years$4,740$3,789$3,002$2,361$1,844$560
22 years$4,477$3,537$2,767$2,146$1,653$468
23 years$4,237$3,308$2,555$1,955$1,484$391
24 years$4,017$3,099$2,363$1,783$1,334$327
25 years$3,816$2,909$2,188$1,628$1,200$274
26 years$3,630$2,734$2,030$1,489$1,081$229
27 years$3,458$2,573$1,885$1,363$975$192
28 years$3,299$2,424$1,752$1,248$879$161
29 years$3,151$2,287$1,630$1,145$794$135
30 years$3,013$2,160$1,519$1,051$717$113
31 years$2,884$2,042$1,416$965$649$95
32 years$2,763$1,932$1,321$887$587$79
33 years$2,650$1,829$1,233$816$531$67
34 years$2,544$1,734$1,152$750$481$56
35 years$2,445$1,645$1,077$691$435$47
36 years$2,351$1,561$1,008$636$395$39
37 years$2,262$1,483$943$586$358$33
38 years$2,178$1,409$883$540$324$28
39 years$2,099$1,340$828$498$294$23
40 years$2,023$1,275$776$459$267$19
41 years$1,952$1,213$727$424$242$16
42 years$1,884$1,156$682$391$220$14
43 years$1,820$1,101$640$361$199$11
44 years$1,758$1,050$601$333$181$10
45 years$1,700$1,001$564$308$164$8
46 years$1,644$955$530$284$149$7
47 years$1,591$911$498$263$135$6
48 years$1,540$870$468$243$123$5
49 years$1,492$831$440$224$112$4
50 years$1,445$793$414$207$101$3

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 $5,457 every year, while hoping to spend $42,354 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: 52/18/30 Blend
53$1,480,000$1,480,000$1,480,000$1,480,000
54$1,636,589$1,558,149$1,535,209$1,707,627
55$1,758,457$1,589,434$1,541,574$1,788,989
56$1,891,335$1,620,832$1,546,733$1,872,764
57$2,036,303$1,652,305$1,550,600$1,963,083
58$2,194,548$1,683,809$1,553,087$2,060,592
59$2,367,375$1,715,300$1,554,099$2,166,001
60$2,556,224$1,746,726$1,553,538$2,280,094
61$2,762,678$1,778,034$1,551,300$2,403,738
62$2,988,480$1,809,167$1,547,278$2,537,886
63$3,235,551$1,840,062$1,541,357$2,683,591
64$3,506,003$1,870,651$1,533,419$2,842,017
65$3,802,165$1,900,862$1,523,338$3,014,443
66$4,126,600$1,930,618$1,510,984$3,202,285
67$4,482,130$1,959,836$1,496,219$3,407,100
68$4,871,865$1,988,426$1,478,900$3,630,611
69$5,299,228$2,016,292$1,458,876$3,874,713
70$5,767,991$2,043,332$1,435,990$4,141,500
71$6,282,308$2,069,436$1,410,077$4,433,282
72$6,846,753$2,094,489$1,380,965$4,752,603
73$7,466,367$2,118,363$1,348,472$5,102,273
74$8,146,700$2,140,927$1,312,410$5,485,389
75$8,893,869$2,162,038$1,272,581$5,905,368
76$9,714,609$2,181,543$1,228,778$6,365,976
77$10,616,342$2,199,282$1,180,784$6,871,370
78$11,607,243$2,215,081$1,128,375$7,426,132
79$12,696,320$2,228,757$1,071,313$8,035,315
80$13,893,493$2,240,116$1,009,352$8,704,492
81$15,209,697$2,248,949$942,232$9,439,808
82$16,656,974$2,255,035$869,684$10,248,040
83$18,248,593$2,258,140$791,427$11,136,660
84$19,999,175$2,258,014$707,165$12,113,908
85$21,924,827$2,254,392$616,591$13,188,868
86$24,043,295$2,246,994$519,383$14,371,558
87$26,374,135$2,235,521$415,207$15,673,023
88$28,938,891$2,219,655$303,710$17,105,441
89$31,761,302$2,199,062$184,528$18,682,239
90$34,867,524$2,173,386$57,279$20,418,219
91$38,286,378$2,142,248$0$22,329,703
92$42,049,619$2,105,249$0$24,459,818
93$46,192,239$2,061,964$0$26,824,467
94$50,752,793$2,011,946$0$29,427,304
95$55,773,766$1,954,719$0$32,292,584
96$61,301,969$1,889,780$0$35,447,035
97$67,388,987$1,816,596$0$38,920,115
98$74,091,658$1,734,604$0$42,744,288
99$81,472,615$1,643,207$0$46,955,332
100$89,600,873$1,541,776$0$51,592,673