Can I retire at age 54 with 1,150,000?

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 $1,150,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.4%
1 years$94,966$94,120$93,295$92,489$91,703$88,590
2 years$47,013$46,137$45,289$44,466$43,668$40,563
3 years$31,031$30,151$29,305$28,490$27,705$24,705
4 years$23,041$22,164$21,326$20,525$19,759$16,888
5 years$18,248$17,377$16,550$15,765$15,021$12,286
6 years$15,055$14,190$13,375$12,608$11,885$9,288
7 years$12,774$11,916$11,115$10,365$9,666$7,207
8 years$11,064$10,215$9,426$8,695$8,019$5,695
9 years$9,735$8,894$8,119$7,407$6,753$4,563
10 years$8,673$7,839$7,078$6,384$5,754$3,693
11 years$7,804$6,979$6,231$5,556$4,949$3,013
12 years$7,081$6,264$5,530$4,874$4,288$2,474
13 years$6,469$5,661$4,941$4,303$3,739$2,041
14 years$5,945$5,145$4,439$3,820$3,278$1,691
15 years$5,491$4,700$4,008$3,406$2,886$1,406
16 years$5,095$4,313$3,634$3,050$2,551$1,171
17 years$4,745$3,972$3,307$2,740$2,262$978
18 years$4,435$3,670$3,019$2,470$2,011$819
19 years$4,158$3,401$2,763$2,232$1,792$686
20 years$3,908$3,161$2,536$2,021$1,601$576
21 years$3,683$2,944$2,333$1,834$1,433$484
22 years$3,479$2,748$2,150$1,668$1,284$407
23 years$3,292$2,570$1,985$1,519$1,153$342
24 years$3,122$2,408$1,836$1,385$1,036$288
25 years$2,965$2,260$1,700$1,265$932$243
26 years$2,820$2,124$1,577$1,157$840$204
27 years$2,687$1,999$1,464$1,059$757$172
28 years$2,563$1,884$1,361$970$683$145
29 years$2,448$1,777$1,267$890$617$123
30 years$2,341$1,678$1,180$816$557$103
31 years$2,241$1,586$1,100$750$504$87
32 years$2,147$1,501$1,026$689$456$74
33 years$2,059$1,422$958$634$413$62
34 years$1,977$1,347$895$583$374$52
35 years$1,900$1,278$837$537$338$44
36 years$1,826$1,213$783$494$307$37
37 years$1,758$1,152$733$455$278$32
38 years$1,692$1,095$686$420$252$27
39 years$1,631$1,041$643$387$228$22
40 years$1,572$990$603$357$207$19
41 years$1,517$943$565$329$188$16
42 years$1,464$898$530$304$171$14
43 years$1,414$856$498$281$155$11
44 years$1,366$816$467$259$141$10
45 years$1,321$778$439$239$128$8
46 years$1,278$742$412$221$116$7
47 years$1,236$708$387$204$105$6
48 years$1,197$676$364$189$96$5
49 years$1,159$645$342$174$87$4
50 years$1,123$617$321$161$79$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $1,150,000, adding $4,343 every year, while hoping to spend $50,997 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: 67/19/14 Blend
53$1,150,000$1,150,000$1,150,000$1,150,000
54$1,271,780$1,210,830$1,193,005$1,352,583
55$1,347,241$1,215,900$1,178,710$1,412,078
56$1,428,690$1,219,510$1,162,227$1,470,691
57$1,516,684$1,221,533$1,143,429$1,533,488
58$1,611,834$1,221,837$1,122,183$1,600,878
59$1,714,814$1,220,280$1,098,349$1,673,308
60$1,826,363$1,216,711$1,071,781$1,751,273
61$1,947,294$1,210,972$1,042,328$1,835,320
62$2,078,501$1,202,893$1,009,829$1,926,053
63$2,220,968$1,192,294$974,118$2,024,137
64$2,375,776$1,178,986$935,020$2,130,309
65$2,544,115$1,162,766$892,353$2,245,380
66$2,727,293$1,143,420$845,926$2,370,246
67$2,926,752$1,120,723$795,539$2,505,898
68$3,144,076$1,094,433$740,985$2,653,428
69$3,381,008$1,064,297$682,045$2,814,041
70$3,639,470$1,030,046$618,492$2,989,068
71$3,921,572$991,395$550,088$3,179,979
72$4,229,642$948,043$476,585$3,388,395
73$4,566,239$899,671$397,724$3,616,105
74$4,934,182$845,941$313,235$3,865,085
75$5,336,574$786,498$222,834$4,137,513
76$5,776,832$720,963$126,226$4,435,794
77$6,258,718$648,940$23,103$4,762,584
78$6,786,375$570,005$0$5,120,810
79$7,364,364$483,715$0$5,526,692
80$7,997,711$389,598$0$5,975,335
81$8,691,947$287,159$0$6,467,269
82$9,453,168$175,871$0$7,006,889
83$10,288,084$55,182$0$7,599,040
84$11,204,089$0$0$8,249,064
85$12,209,324$0$0$8,978,633
86$13,312,760$0$0$9,792,210
87$14,524,276$0$0$10,685,551
88$15,854,755$0$0$11,666,690
89$17,316,187$0$0$12,744,479
90$18,921,779$0$0$13,928,668
91$20,686,080$0$0$15,229,998
92$22,625,120$0$0$16,660,303
93$24,756,557$0$0$18,232,619
94$27,099,847$0$0$19,961,310
95$29,676,423$0$0$21,862,200
96$32,509,900$0$0$23,952,723
97$35,626,295$0$0$26,252,088
98$39,054,276$0$0$28,781,458
99$42,825,424$0$0$31,564,150
100$46,974,540$0$0$34,625,858