Can I retire at age 54 with 1,180,000?

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 $1,180,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.9%
1 years$97,443$96,575$95,728$94,902$94,095$92,574
2 years$48,239$47,341$46,470$45,626$44,807$43,279
3 years$31,840$30,938$30,069$29,233$28,427$26,940
4 years$23,642$22,743$21,883$21,061$20,275$18,839
5 years$18,725$17,830$16,982$16,177$15,413$14,033
6 years$15,447$14,560$13,724$12,937$12,195$10,873
7 years$13,107$12,227$11,405$10,636$9,918$8,654
8 years$11,353$10,481$9,672$8,922$8,228$7,021
9 years$9,989$9,126$8,331$7,600$6,929$5,780
10 years$8,899$8,044$7,263$6,551$5,904$4,811
11 years$8,008$7,161$6,394$5,701$5,078$4,039
12 years$7,265$6,427$5,675$5,001$4,400$3,416
13 years$6,638$5,808$5,070$4,415$3,837$2,905
14 years$6,100$5,280$4,555$3,919$3,364$2,482
15 years$5,635$4,823$4,113$3,495$2,962$2,129
16 years$5,228$4,425$3,729$3,130$2,617$1,832
17 years$4,869$4,075$3,393$2,812$2,321$1,581
18 years$4,551$3,766$3,097$2,534$2,064$1,368
19 years$4,266$3,490$2,836$2,290$1,839$1,185
20 years$4,010$3,243$2,602$2,074$1,643$1,029
21 years$3,779$3,021$2,394$1,882$1,470$895
22 years$3,569$2,820$2,206$1,711$1,318$779
23 years$3,378$2,637$2,037$1,558$1,183$679
24 years$3,203$2,471$1,884$1,421$1,063$592
25 years$3,042$2,319$1,745$1,298$957$517
26 years$2,894$2,179$1,618$1,187$862$452
27 years$2,757$2,051$1,503$1,086$777$395
28 years$2,630$1,933$1,397$995$701$345
29 years$2,512$1,823$1,300$913$633$302
30 years$2,402$1,722$1,211$838$572$265
31 years$2,299$1,628$1,129$769$517$232
32 years$2,203$1,540$1,053$707$468$203
33 years$2,113$1,459$983$650$423$178
34 years$2,029$1,382$919$598$383$156
35 years$1,949$1,311$859$551$347$137
36 years$1,874$1,245$804$507$315$120
37 years$1,803$1,182$752$467$285$105
38 years$1,736$1,123$704$431$258$92
39 years$1,673$1,068$660$397$234$81
40 years$1,613$1,016$619$366$213$71
41 years$1,556$967$580$338$193$62
42 years$1,502$921$544$312$175$55
43 years$1,451$878$511$288$159$48
44 years$1,402$837$479$266$144$42
45 years$1,355$798$450$246$131$37
46 years$1,311$761$423$227$119$32
47 years$1,269$726$397$210$108$28
48 years$1,228$693$373$194$98$25
49 years$1,189$662$351$179$89$22
50 years$1,152$633$330$165$81$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $1,180,000, adding $2,670 every year, while hoping to spend $28,028 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: 37/40/23 Blend
53$1,180,000$1,180,000$1,180,000$1,180,000
54$1,303,114$1,240,574$1,222,284$1,342,241
55$1,406,210$1,271,541$1,233,409$1,402,034
56$1,518,883$1,303,085$1,243,967$1,463,782
57$1,642,079$1,335,206$1,253,910$1,529,918
58$1,776,841$1,367,902$1,263,187$1,600,856
59$1,924,319$1,401,169$1,271,743$1,677,048
60$2,085,775$1,435,002$1,279,523$1,758,995
61$2,262,604$1,469,397$1,286,466$1,847,249
62$2,456,337$1,504,345$1,292,510$1,942,416
63$2,668,664$1,539,838$1,297,590$2,045,167
64$2,901,444$1,575,867$1,301,636$2,156,238
65$3,156,726$1,612,419$1,304,575$2,276,444
66$3,436,766$1,649,482$1,306,333$2,406,680
67$3,744,049$1,687,039$1,306,827$2,547,934
68$4,081,312$1,725,073$1,305,976$2,701,295
69$4,451,569$1,763,566$1,303,690$2,867,963
70$4,858,143$1,802,494$1,299,877$3,049,262
71$5,304,691$1,841,834$1,294,440$3,246,649
72$5,795,245$1,881,559$1,287,279$3,461,734
73$6,334,243$1,921,638$1,278,286$3,696,289
74$6,926,578$1,962,040$1,267,350$3,952,267
75$7,577,637$2,002,729$1,254,355$4,231,824
76$8,293,357$2,043,664$1,239,177$4,537,334
77$9,080,279$2,084,803$1,221,690$4,871,416
78$9,945,609$2,126,100$1,201,757$5,236,956
79$10,897,285$2,167,503$1,179,241$5,637,138
80$11,944,055$2,208,957$1,153,992$6,075,469
81$13,095,556$2,250,403$1,125,858$6,555,818
82$14,362,406$2,291,776$1,094,677$7,082,448
83$15,756,304$2,333,006$1,060,281$7,660,061
84$17,290,141$2,374,017$1,022,495$8,293,840
85$18,978,121$2,414,729$981,134$8,989,498
86$20,835,892$2,455,054$936,005$9,753,334
87$22,880,700$2,494,898$886,907$10,592,291
88$25,131,543$2,534,160$833,631$11,514,025
89$27,609,358$2,572,732$775,955$12,526,975
90$30,337,214$2,610,497$713,651$13,640,442
91$33,340,530$2,647,332$646,479$14,864,684
92$36,647,315$2,683,102$574,187$16,211,004
93$40,288,433$2,717,666$496,513$17,691,865
94$44,297,892$2,750,870$413,186$19,321,006
95$48,713,167$2,782,553$323,918$21,113,570
96$53,575,553$2,812,540$228,411$23,086,250
97$58,930,551$2,840,647$126,355$25,257,449
98$64,828,303$2,866,675$17,424$27,647,452
99$71,324,062$2,890,413$0$30,278,617
100$78,478,711$2,911,638$0$33,199,844