Can I retire at age 54 with 1,490,000?

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 $1,490,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.1%
1 years$123,043$121,947$120,878$119,834$118,815$114,463
2 years$60,912$59,778$58,678$57,612$56,578$52,242
3 years$40,205$39,065$37,969$36,913$35,896$31,712
4 years$29,853$28,717$27,632$26,594$25,601$21,601
5 years$23,644$22,515$21,443$20,426$19,462$15,656
6 years$19,505$18,385$17,329$16,335$15,399$11,791
7 years$16,551$15,440$14,401$13,430$12,524$9,112
8 years$14,336$13,235$12,213$11,266$10,390$7,172
9 years$12,614$11,523$10,519$9,596$8,750$5,720
10 years$11,237$10,157$9,171$8,272$7,455$4,610
11 years$10,111$9,042$8,074$7,199$6,412$3,744
12 years$9,174$8,116$7,165$6,315$5,556$3,059
13 years$8,381$7,334$6,402$5,575$4,845$2,512
14 years$7,703$6,667$5,752$4,949$4,247$2,071
15 years$7,115$6,090$5,193$4,413$3,740$1,713
16 years$6,601$5,588$4,708$3,952$3,305$1,421
17 years$6,148$5,146$4,284$3,551$2,930$1,180
18 years$5,746$4,755$3,911$3,200$2,606$983
19 years$5,387$4,407$3,580$2,891$2,322$819
20 years$5,064$4,095$3,286$2,619$2,074$684
21 years$4,772$3,815$3,022$2,377$1,856$571
22 years$4,507$3,561$2,786$2,161$1,664$478
23 years$4,266$3,330$2,572$1,968$1,494$400
24 years$4,045$3,120$2,379$1,795$1,343$335
25 years$3,841$2,928$2,203$1,639$1,208$280
26 years$3,654$2,752$2,043$1,499$1,088$235
27 years$3,481$2,590$1,897$1,372$981$197
28 years$3,321$2,441$1,764$1,257$885$165
29 years$3,172$2,302$1,641$1,153$799$138
30 years$3,033$2,174$1,529$1,058$722$116
31 years$2,903$2,055$1,425$972$653$97
32 years$2,782$1,945$1,330$893$591$82
33 years$2,668$1,842$1,242$821$535$69
34 years$2,562$1,746$1,160$755$484$58
35 years$2,461$1,656$1,085$695$438$48
36 years$2,366$1,572$1,015$640$397$41
37 years$2,277$1,493$950$590$360$34
38 years$2,193$1,418$889$544$326$29
39 years$2,113$1,349$833$502$296$24
40 years$2,037$1,283$781$463$268$20
41 years$1,965$1,222$732$427$244$17
42 years$1,897$1,163$687$394$221$14
43 years$1,832$1,108$645$364$201$12
44 years$1,770$1,057$605$336$182$10
45 years$1,711$1,008$568$310$165$8
46 years$1,655$961$534$286$150$7
47 years$1,602$917$501$265$136$6
48 years$1,551$876$471$244$124$5
49 years$1,502$836$443$226$112$4
50 years$1,455$799$416$209$102$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $1,490,000, adding $4,081 every year, while hoping to spend $55,975 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: 63/14/23 Blend
53$1,490,000$1,490,000$1,490,000$1,490,000
54$1,646,190$1,567,220$1,544,125$1,739,760
55$1,754,544$1,584,456$1,536,296$1,820,683
56$1,872,074$1,600,662$1,526,329$1,902,438
57$1,999,658$1,615,726$1,514,093$1,990,470
58$2,138,259$1,629,532$1,499,450$2,085,400
59$2,288,938$1,641,956$1,482,259$2,187,911
60$2,452,862$1,652,865$1,462,367$2,298,758
61$2,631,317$1,662,118$1,439,619$2,418,776
62$2,825,713$1,669,564$1,413,849$2,548,884
63$3,037,608$1,675,044$1,384,884$2,690,097
64$3,268,711$1,678,388$1,352,545$2,843,536
65$3,520,907$1,679,416$1,316,642$3,010,438
66$3,796,268$1,677,937$1,276,979$3,192,166
67$4,097,077$1,673,746$1,233,348$3,390,227
68$4,425,848$1,666,628$1,185,533$3,606,283
69$4,785,345$1,656,353$1,133,309$3,842,166
70$5,178,614$1,642,679$1,076,439$4,099,899
71$5,609,010$1,625,347$1,014,677$4,381,714
72$6,080,225$1,604,085$947,765$4,690,075
73$6,596,325$1,578,602$875,432$5,027,697
74$7,161,789$1,548,592$797,397$5,397,578
75$7,781,548$1,513,730$713,367$5,803,024
76$8,461,034$1,473,671$623,033$6,247,683
77$9,206,230$1,428,051$526,075$6,735,579
78$10,023,723$1,376,484$422,157$7,271,150
79$10,920,773$1,318,562$310,929$7,859,292
80$11,905,373$1,253,852$192,026$8,505,404
81$12,986,328$1,181,898$65,066$9,215,443
82$14,173,338$1,102,216$0$9,995,977
83$15,477,090$1,014,296$0$10,871,534
84$16,909,353$917,597$0$11,850,986
85$18,483,096$811,547$0$12,927,266
86$20,212,604$695,545$0$14,110,202
87$22,113,615$568,952$0$15,410,626
88$24,203,467$431,094$0$16,840,477
89$26,501,264$281,261$0$18,412,912
90$29,028,051$118,701$0$20,142,430
91$31,807,015$0$0$22,045,012
92$34,863,704$0$0$24,147,110
93$38,226,265$0$0$26,479,795
94$41,925,711$0$0$29,046,309
95$45,996,212$0$0$31,870,372
96$50,475,418$0$0$34,978,122
97$55,404,812$0$0$38,398,357
98$60,830,102$0$0$42,162,809
99$66,801,653$0$0$46,306,441
100$73,374,958$0$0$50,867,779