Can I retire at age 54 with 1,170,000?

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 $1,170,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.1%
1 years$96,618$95,757$94,917$94,098$93,297$90,601
2 years$47,830$46,940$46,076$45,239$44,427$41,733
3 years$31,570$30,676$29,814$28,985$28,187$25,577
4 years$23,442$22,550$21,697$20,882$20,103$17,599
5 years$18,566$17,679$16,838$16,040$15,282$12,891
6 years$15,316$14,436$13,608$12,827$12,092$9,816
7 years$12,996$12,124$11,308$10,546$9,834$7,673
8 years$11,257$10,392$9,590$8,847$8,158$6,110
9 years$9,905$9,048$8,260$7,535$6,870$4,934
10 years$8,824$7,976$7,201$6,496$5,854$4,026
11 years$7,940$7,100$6,340$5,653$5,035$3,312
12 years$7,204$6,373$5,626$4,958$4,363$2,743
13 years$6,581$5,759$5,027$4,378$3,805$2,284
14 years$6,048$5,235$4,517$3,886$3,335$1,909
15 years$5,587$4,782$4,078$3,466$2,936$1,601
16 years$5,184$4,388$3,697$3,103$2,595$1,347
17 years$4,828$4,041$3,364$2,788$2,301$1,136
18 years$4,512$3,734$3,071$2,513$2,046$960
19 years$4,230$3,461$2,812$2,270$1,824$812
20 years$3,976$3,216$2,580$2,056$1,629$688
21 years$3,747$2,995$2,373$1,866$1,458$584
22 years$3,539$2,796$2,187$1,697$1,307$496
23 years$3,350$2,615$2,020$1,545$1,173$422
24 years$3,176$2,450$1,868$1,409$1,054$359
25 years$3,016$2,299$1,730$1,287$949$305
26 years$2,869$2,161$1,605$1,177$855$260
27 years$2,734$2,034$1,490$1,077$770$221
28 years$2,608$1,916$1,385$987$695$189
29 years$2,491$1,808$1,289$905$628$161
30 years$2,382$1,707$1,201$831$567$137
31 years$2,280$1,614$1,119$763$513$117
32 years$2,185$1,527$1,044$701$464$100
33 years$2,095$1,446$975$645$420$85
34 years$2,011$1,371$911$593$380$73
35 years$1,933$1,300$852$546$344$62
36 years$1,858$1,234$797$503$312$53
37 years$1,788$1,172$746$463$283$45
38 years$1,722$1,114$698$427$256$39
39 years$1,659$1,059$654$394$232$33
40 years$1,600$1,008$613$363$211$28
41 years$1,543$959$575$335$191$24
42 years$1,490$914$539$309$174$20
43 years$1,439$870$506$286$157$17
44 years$1,390$830$475$264$143$15
45 years$1,344$791$446$243$130$13
46 years$1,300$755$419$225$118$11
47 years$1,258$720$394$208$107$9
48 years$1,218$688$370$192$97$8
49 years$1,179$657$348$177$88$7
50 years$1,142$627$327$164$80$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $1,170,000, adding $2,299 every year, while hoping to spend $35,930 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: 36/45/19 Blend
53$1,170,000$1,170,000$1,170,000$1,170,000
54$1,291,711$1,229,701$1,211,566$1,330,683
55$1,385,237$1,251,728$1,213,925$1,381,291
56$1,487,097$1,273,629$1,215,158$1,432,361
57$1,598,106$1,295,361$1,215,190$1,486,746
58$1,719,156$1,316,877$1,213,942$1,544,764
59$1,851,231$1,338,125$1,211,330$1,606,764
60$1,995,415$1,359,051$1,207,268$1,673,134
61$2,152,899$1,379,597$1,201,663$1,744,301
62$2,324,996$1,399,699$1,194,421$1,820,736
63$2,513,151$1,419,289$1,185,439$1,902,963
64$2,718,954$1,438,296$1,174,613$1,991,556
65$2,944,158$1,456,643$1,161,833$2,087,153
66$3,190,690$1,474,246$1,146,982$2,190,458
67$3,460,674$1,491,018$1,129,940$2,302,247
68$3,756,450$1,506,865$1,110,580$2,423,380
69$4,080,592$1,521,686$1,088,769$2,554,804
70$4,435,938$1,535,374$1,064,368$2,697,568
71$4,825,612$1,547,816$1,037,233$2,852,829
72$5,253,055$1,558,889$1,007,210$3,021,865
73$5,722,056$1,568,464$974,142$3,206,087
74$6,236,791$1,576,405$937,861$3,407,053
75$6,801,859$1,582,563$898,194$3,626,486
76$7,422,324$1,586,784$854,959$3,866,286
77$8,103,766$1,588,902$807,966$4,128,550
78$8,852,334$1,588,742$757,016$4,415,596
79$9,674,797$1,586,116$701,901$4,729,982
80$10,578,617$1,580,826$642,406$5,074,531
81$11,572,012$1,572,662$578,302$5,452,359
82$12,664,036$1,561,402$509,354$5,866,908
83$13,864,665$1,546,807$435,314$6,321,975
84$15,184,887$1,528,627$355,924$6,821,749
85$16,636,813$1,506,597$270,914$7,370,857
86$18,233,781$1,480,434$180,003$7,974,403
87$19,990,491$1,449,839$82,897$8,638,020
88$21,923,136$1,414,496$0$9,367,922
89$24,049,559$1,374,070$0$10,175,170
90$26,389,422$1,328,207$0$11,081,337
91$28,964,384$1,276,530$0$12,078,014
92$31,798,315$1,218,644$0$13,174,484
93$34,917,513$1,154,128$0$14,380,979
94$38,350,956$1,082,537$0$15,708,787
95$42,130,574$1,003,401$0$17,170,351
96$46,291,549$916,224$0$18,779,395
97$50,872,649$820,481$0$20,551,049
98$55,916,591$715,616$0$22,501,999
99$61,470,445$601,044$0$24,650,641
100$67,586,079$476,143$0$27,017,257