Can I retire at age 54 with 1,090,000?

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 $1,090,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.9%
1 years$90,011$89,209$88,427$87,664$86,918$86,226
2 years$44,560$43,730$42,926$42,146$41,390$40,692
3 years$29,412$28,578$27,776$27,003$26,259$25,578
4 years$21,839$21,008$20,214$19,454$18,728$18,068
5 years$17,296$16,470$15,687$14,943$14,237$13,600
6 years$14,269$13,449$12,677$11,950$11,265$10,652
7 years$12,108$11,295$10,535$9,825$9,162$8,573
8 years$10,487$9,682$8,934$8,242$7,600$7,036
9 years$9,228$8,430$7,695$7,020$6,401$5,860
10 years$8,220$7,430$6,709$6,051$5,454$4,937
11 years$7,397$6,615$5,906$5,267$4,690$4,197
12 years$6,711$5,937$5,242$4,619$4,065$3,595
13 years$6,131$5,365$4,683$4,078$3,544$3,097
14 years$5,635$4,877$4,208$3,620$3,107$2,682
15 years$5,205$4,455$3,799$3,229$2,736$2,332
16 years$4,829$4,088$3,444$2,891$2,418$2,035
17 years$4,498$3,765$3,134$2,597$2,144$1,781
18 years$4,204$3,479$2,861$2,341$1,906$1,562
19 years$3,941$3,224$2,619$2,115$1,699$1,374
20 years$3,705$2,996$2,404$1,916$1,518$1,211
21 years$3,491$2,790$2,211$1,739$1,358$1,068
22 years$3,297$2,605$2,038$1,581$1,217$944
23 years$3,121$2,436$1,882$1,440$1,093$836
24 years$2,959$2,283$1,740$1,313$982$741
25 years$2,810$2,142$1,612$1,199$884$657
26 years$2,673$2,013$1,495$1,096$796$583
27 years$2,547$1,895$1,388$1,004$718$518
28 years$2,429$1,785$1,290$919$648$460
29 years$2,320$1,684$1,201$843$585$409
30 years$2,219$1,591$1,119$774$528$364
31 years$2,124$1,504$1,043$711$478$324
32 years$2,035$1,423$973$653$432$289
33 years$1,952$1,347$908$601$391$257
34 years$1,874$1,277$849$553$354$229
35 years$1,800$1,211$794$509$321$205
36 years$1,731$1,150$742$469$291$182
37 years$1,666$1,092$695$432$263$163
38 years$1,604$1,038$651$398$239$145
39 years$1,546$987$610$367$217$129
40 years$1,490$939$571$338$196$116
41 years$1,438$894$536$312$178$103
42 years$1,388$851$503$288$162$92
43 years$1,340$811$472$266$147$82
44 years$1,295$773$443$246$133$73
45 years$1,252$737$416$227$121$66
46 years$1,211$703$390$210$110$59
47 years$1,172$671$367$194$100$52
48 years$1,134$641$345$179$91$47
49 years$1,098$612$324$165$82$42
50 years$1,064$584$305$153$75$37

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $1,090,000, adding $3,532 every year, while hoping to spend $41,729 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: 43/31/26 Blend
53$1,090,000$1,090,000$1,090,000$1,090,000
54$1,204,823$1,147,053$1,130,158$1,247,366
55$1,283,316$1,158,860$1,123,619$1,289,898
56$1,368,416$1,169,846$1,115,463$1,331,699
57$1,460,754$1,179,928$1,105,590$1,376,178
58$1,561,022$1,189,015$1,093,899$1,423,605
59$1,669,983$1,197,014$1,080,281$1,474,283
60$1,788,475$1,203,820$1,064,623$1,528,545
61$1,917,419$1,209,328$1,046,808$1,586,761
62$2,057,831$1,213,420$1,026,711$1,649,341
63$2,210,827$1,215,975$1,004,204$1,716,741
64$2,377,637$1,216,863$979,150$1,789,463
65$2,559,612$1,215,946$951,408$1,868,066
66$2,758,242$1,213,076$920,829$1,953,168
67$2,975,165$1,208,099$887,259$2,045,454
68$3,212,184$1,200,849$850,535$2,145,679
69$3,471,287$1,191,150$810,488$2,254,684
70$3,754,659$1,178,817$766,940$2,373,397
71$4,064,708$1,163,653$719,706$2,502,844
72$4,404,084$1,145,448$668,593$2,644,162
73$4,775,708$1,123,982$613,397$2,798,608
74$5,182,793$1,099,020$553,909$2,967,573
75$5,628,879$1,070,314$489,907$3,152,593
76$6,117,866$1,037,600$421,159$3,355,369
77$6,654,047$1,000,601$347,427$3,577,781
78$7,242,151$959,022$268,457$3,821,907
79$7,887,388$912,552$183,988$4,090,043
80$8,595,495$860,860$93,745$4,384,727
81$9,372,792$803,599$0$4,708,764
82$10,226,241$740,399$0$5,065,964
83$11,163,510$670,872$0$5,486,840
84$12,193,048$594,604$0$5,949,225
85$13,324,161$511,162$0$6,457,389
86$14,567,101$420,085$0$7,016,039
87$15,933,163$320,887$0$7,630,368
88$17,434,791$213,055$0$8,306,105
89$19,085,692$96,047$0$9,049,569
90$20,900,971$0$0$9,867,731
91$22,897,267$0$0$10,778,753
92$25,092,914$0$0$11,816,935
93$27,508,111$0$0$12,959,082
94$30,165,113$0$0$14,215,738
95$33,088,441$0$0$15,598,519
96$36,305,114$0$0$17,120,227
97$39,844,898$0$0$18,794,965
98$43,740,596$0$0$20,638,274
99$48,028,348$0$0$22,667,275
100$52,747,976$0$0$24,900,838