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

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 $1,490,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.4%
1 years$123,043$121,947$120,878$119,834$118,815$114,326
2 years$60,912$59,778$58,678$57,612$56,578$52,109
3 years$40,205$39,065$37,969$36,913$35,896$31,585
4 years$29,853$28,717$27,632$26,594$25,601$21,482
5 years$23,644$22,515$21,443$20,426$19,462$15,546
6 years$19,505$18,385$17,329$16,335$15,399$11,689
7 years$16,551$15,440$14,401$13,430$12,524$9,017
8 years$14,336$13,235$12,213$11,266$10,390$7,084
9 years$12,614$11,523$10,519$9,596$8,750$5,640
10 years$11,237$10,157$9,171$8,272$7,455$4,537
11 years$10,111$9,042$8,074$7,199$6,412$3,677
12 years$9,174$8,116$7,165$6,315$5,556$2,999
13 years$8,381$7,334$6,402$5,575$4,845$2,458
14 years$7,703$6,667$5,752$4,949$4,247$2,022
15 years$7,115$6,090$5,193$4,413$3,740$1,669
16 years$6,601$5,588$4,708$3,952$3,305$1,381
17 years$6,148$5,146$4,284$3,551$2,930$1,145
18 years$5,746$4,755$3,911$3,200$2,606$951
19 years$5,387$4,407$3,580$2,891$2,322$791
20 years$5,064$4,095$3,286$2,619$2,074$659
21 years$4,772$3,815$3,022$2,377$1,856$549
22 years$4,507$3,561$2,786$2,161$1,664$458
23 years$4,266$3,330$2,572$1,968$1,494$382
24 years$4,045$3,120$2,379$1,795$1,343$319
25 years$3,841$2,928$2,203$1,639$1,208$267
26 years$3,654$2,752$2,043$1,499$1,088$223
27 years$3,481$2,590$1,897$1,372$981$186
28 years$3,321$2,441$1,764$1,257$885$156
29 years$3,172$2,302$1,641$1,153$799$130
30 years$3,033$2,174$1,529$1,058$722$109
31 years$2,903$2,055$1,425$972$653$91
32 years$2,782$1,945$1,330$893$591$76
33 years$2,668$1,842$1,242$821$535$64
34 years$2,562$1,746$1,160$755$484$54
35 years$2,461$1,656$1,085$695$438$45
36 years$2,366$1,572$1,015$640$397$38
37 years$2,277$1,493$950$590$360$31
38 years$2,193$1,418$889$544$326$26
39 years$2,113$1,349$833$502$296$22
40 years$2,037$1,283$781$463$268$18
41 years$1,965$1,222$732$427$244$15
42 years$1,897$1,163$687$394$221$13
43 years$1,832$1,108$645$364$201$11
44 years$1,770$1,057$605$336$182$9
45 years$1,711$1,008$568$310$165$8
46 years$1,655$961$534$286$150$6
47 years$1,602$917$501$265$136$5
48 years$1,551$876$471$244$124$4
49 years$1,502$836$443$226$112$4
50 years$1,455$799$416$209$102$3

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 $2,391 every year, while hoping to spend $40,370 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: 41/45/14 Blend
53$1,490,000$1,490,000$1,490,000$1,490,000
54$1,644,446$1,565,476$1,542,381$1,704,975
55$1,769,226$1,599,231$1,551,098$1,781,662
56$1,905,381$1,633,287$1,558,753$1,860,456
57$2,054,028$1,667,616$1,565,269$1,944,861
58$2,216,397$1,702,188$1,570,564$2,035,407
59$2,393,843$1,736,968$1,574,551$2,132,678
60$2,587,857$1,771,921$1,577,141$2,237,316
61$2,800,080$1,807,007$1,578,236$2,350,032
62$3,032,320$1,842,182$1,577,739$2,471,607
63$3,286,567$1,877,400$1,575,544$2,602,903
64$3,565,014$1,912,610$1,571,542$2,744,871
65$3,870,073$1,947,756$1,565,616$2,898,559
66$4,204,404$1,982,779$1,557,648$3,065,123
67$4,570,933$2,017,615$1,547,509$3,245,836
68$4,972,885$2,052,195$1,535,067$3,442,103
69$5,413,811$2,086,444$1,520,184$3,655,475
70$5,897,623$2,120,283$1,502,713$3,887,660
71$6,428,629$2,153,626$1,482,503$4,140,543
72$7,011,576$2,186,380$1,459,393$4,416,200
73$7,651,690$2,218,446$1,433,217$4,716,923
74$8,354,732$2,249,719$1,403,799$5,045,240
75$9,127,045$2,280,086$1,370,956$5,403,936
76$9,975,618$2,309,425$1,334,498$5,796,085
77$10,908,151$2,337,606$1,294,223$6,225,075
78$11,933,125$2,364,491$1,249,922$6,694,643
79$13,059,884$2,389,932$1,201,375$7,208,911
80$14,298,726$2,413,772$1,148,354$7,772,421
81$15,660,991$2,435,842$1,090,619$8,390,185
82$17,159,176$2,455,963$1,027,920$9,067,730
83$18,807,051$2,473,943$959,994$9,811,146
84$20,619,785$2,489,581$886,568$10,627,154
85$22,614,091$2,502,659$807,356$11,523,162
86$24,808,386$2,512,947$722,060$12,507,339
87$27,222,960$2,520,200$630,368$13,588,691
88$29,880,171$2,524,159$531,954$14,777,151
89$32,804,652$2,524,546$426,478$16,083,670
90$36,023,546$2,521,068$313,585$17,520,321
91$39,566,761$2,513,414$192,903$19,100,416
92$43,467,252$2,501,252$64,046$20,838,634
93$47,761,330$2,484,232$0$22,751,157
94$52,489,007$2,461,981$0$24,866,800
95$57,694,372$2,434,104$0$27,205,184
96$63,426,006$2,400,183$0$29,778,482
97$69,737,441$2,359,775$0$32,610,673
98$76,687,665$2,312,409$0$35,728,185
99$84,341,678$2,257,588$0$39,160,151
100$92,771,103$2,194,784$0$42,938,685