Can I retire at age 54 with 1,130,000?

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 $1,130,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.1%
1 years$93,314$92,483$91,672$90,881$90,108$88,216
2 years$46,195$45,335$44,501$43,693$42,908$41,012
3 years$30,491$29,627$28,795$27,994$27,223$25,380
4 years$22,640$21,779$20,955$20,168$19,416$17,641
5 years$17,931$17,075$16,262$15,491$14,759$13,058
6 years$14,793$13,943$13,142$12,388$11,679$10,052
7 years$12,552$11,709$10,921$10,185$9,498$7,947
8 years$10,872$10,037$9,262$8,544$7,879$6,403
9 years$9,566$8,739$7,978$7,278$6,636$5,233
10 years$8,522$7,703$6,955$6,273$5,654$4,324
11 years$7,668$6,858$6,123$5,460$4,862$3,603
12 years$6,957$6,155$5,434$4,789$4,214$3,023
13 years$6,356$5,562$4,855$4,228$3,674$2,551
14 years$5,842$5,056$4,362$3,753$3,221$2,162
15 years$5,396$4,619$3,938$3,347$2,836$1,839
16 years$5,006$4,238$3,571$2,997$2,506$1,569
17 years$4,663$3,903$3,249$2,693$2,222$1,343
18 years$4,358$3,606$2,966$2,427$1,976$1,151
19 years$4,085$3,342$2,715$2,193$1,761$989
20 years$3,841$3,106$2,492$1,986$1,573$851
21 years$3,619$2,893$2,292$1,802$1,408$733
22 years$3,418$2,700$2,113$1,639$1,262$632
23 years$3,235$2,526$1,951$1,492$1,133$546
24 years$3,067$2,366$1,804$1,361$1,018$472
25 years$2,913$2,221$1,671$1,243$916$408
26 years$2,771$2,087$1,550$1,137$825$353
27 years$2,640$1,964$1,439$1,040$744$306
28 years$2,519$1,851$1,338$953$671$265
29 years$2,405$1,746$1,245$874$606$229
30 years$2,300$1,649$1,160$802$548$199
31 years$2,202$1,559$1,081$737$495$172
32 years$2,110$1,475$1,009$677$448$150
33 years$2,024$1,397$942$623$405$130
34 years$1,943$1,324$880$573$367$113
35 years$1,866$1,256$823$527$332$98
36 years$1,795$1,192$770$486$301$85
37 years$1,727$1,132$720$448$273$74
38 years$1,663$1,076$675$413$248$64
39 years$1,602$1,023$632$380$224$56
40 years$1,545$973$592$351$204$48
41 years$1,490$926$555$324$185$42
42 years$1,439$882$521$299$168$36
43 years$1,389$841$489$276$152$32
44 years$1,343$801$459$255$138$27
45 years$1,298$764$431$235$125$24
46 years$1,255$729$405$217$114$21
47 years$1,215$696$380$201$103$18
48 years$1,176$664$357$185$94$16
49 years$1,139$634$336$171$85$14
50 years$1,103$606$316$158$77$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $1,130,000, adding $6,018 every year, while hoping to spend $31,332 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: 41/36/23 Blend
53$1,130,000$1,130,000$1,130,000$1,130,000
54$1,251,468$1,191,578$1,174,063$1,294,089
55$1,345,780$1,216,628$1,180,057$1,350,242
56$1,448,663$1,241,856$1,185,201$1,407,547
57$1,560,956$1,267,236$1,189,435$1,468,947
58$1,683,586$1,292,743$1,192,694$1,534,836
59$1,817,572$1,318,347$1,194,909$1,605,646
60$1,964,035$1,344,017$1,196,009$1,681,857
61$2,124,211$1,369,719$1,195,921$1,763,995
62$2,299,461$1,395,415$1,194,564$1,852,643
63$2,491,281$1,421,066$1,191,857$1,948,442
64$2,701,321$1,446,627$1,187,713$2,052,100
65$2,931,397$1,472,053$1,182,043$2,164,400
66$3,183,508$1,497,293$1,174,750$2,286,204
67$3,459,858$1,522,292$1,165,737$2,418,462
68$3,762,872$1,546,993$1,154,897$2,562,223
69$4,095,222$1,571,333$1,142,123$2,718,646
70$4,459,850$1,595,244$1,127,300$2,889,008
71$4,859,999$1,618,654$1,110,308$3,074,717
72$5,299,238$1,641,487$1,091,023$3,277,328
73$5,781,499$1,663,660$1,069,312$3,498,555
74$6,311,117$1,685,084$1,045,038$3,740,291
75$6,892,862$1,705,664$1,018,058$4,004,621
76$7,531,993$1,725,301$988,222$4,293,848
77$8,234,301$1,743,885$955,372$4,610,509
78$9,006,167$1,761,303$919,344$4,957,407
79$9,854,620$1,777,430$879,966$5,337,629
80$10,787,405$1,792,138$837,059$5,754,583
81$11,813,053$1,805,286$790,434$6,212,027
82$12,940,966$1,816,727$739,895$6,714,106
83$14,181,500$1,826,301$685,236$7,265,390
84$15,546,066$1,833,843$626,244$7,870,921
85$17,047,236$1,839,173$562,695$8,536,260
86$18,698,863$1,842,101$494,354$9,267,538
87$20,516,209$1,842,426$420,977$10,071,516
88$22,516,092$1,839,934$342,309$10,955,653
89$24,717,040$1,834,398$258,083$11,928,170
90$27,139,471$1,825,576$168,022$12,998,135
91$29,805,880$1,813,213$71,834$14,175,548
92$32,741,056$1,797,036$0$15,471,433
93$35,972,311$1,776,759$0$16,905,510
94$39,529,742$1,752,075$0$18,502,925
95$43,446,511$1,722,662$0$20,260,892
96$47,759,160$1,688,177$0$22,195,791
97$52,507,954$1,648,257$0$24,325,677
98$57,737,261$1,602,518$0$26,670,450
99$63,495,973$1,550,553$0$29,252,048
100$69,837,964$1,491,931$0$32,094,647