Can I retire at age 54 with 1,260,000?

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 $1,260,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.2%
1 years$104,050$103,123$102,219$101,336$100,474$99,549
2 years$51,510$50,550$49,621$48,719$47,845$46,913
3 years$33,999$33,035$32,108$31,215$30,355$29,445
4 years$25,245$24,284$23,366$22,489$21,649$20,768
5 years$19,994$19,039$18,133$17,273$16,457$15,608
6 years$16,495$15,547$14,654$13,814$13,022$12,205
7 years$13,996$13,056$12,178$11,357$10,591$9,807
8 years$12,123$11,192$10,328$9,527$8,786$8,035
9 years$10,667$9,744$8,895$8,115$7,399$6,681
10 years$9,502$8,589$7,755$6,995$6,304$5,618
11 years$8,551$7,646$6,827$6,088$5,422$4,767
12 years$7,758$6,863$6,059$5,340$4,699$4,075
13 years$7,088$6,202$5,414$4,714$4,097$3,504
14 years$6,514$5,638$4,864$4,185$3,592$3,028
15 years$6,017$5,150$4,392$3,732$3,162$2,628
16 years$5,582$4,725$3,982$3,342$2,795$2,288
17 years$5,199$4,352$3,623$3,003$2,478$1,998
18 years$4,859$4,021$3,307$2,706$2,203$1,750
19 years$4,555$3,727$3,028$2,445$1,964$1,535
20 years$4,282$3,463$2,779$2,214$1,754$1,350
21 years$4,036$3,226$2,556$2,010$1,570$1,189
22 years$3,811$3,011$2,356$1,827$1,407$1,048
23 years$3,607$2,816$2,175$1,664$1,263$926
24 years$3,420$2,639$2,012$1,518$1,135$818
25 years$3,248$2,476$1,863$1,386$1,022$724
26 years$3,090$2,327$1,728$1,267$920$641
27 years$2,944$2,190$1,605$1,160$830$568
28 years$2,808$2,064$1,492$1,063$749$504
29 years$2,682$1,947$1,388$975$676$447
30 years$2,565$1,839$1,293$895$611$397
31 years$2,455$1,738$1,205$822$552$352
32 years$2,353$1,645$1,125$755$500$313
33 years$2,256$1,558$1,050$694$452$278
34 years$2,166$1,476$981$639$409$247
35 years$2,081$1,400$917$588$371$220
36 years$2,001$1,329$858$542$336$196
37 years$1,926$1,262$803$499$304$174
38 years$1,854$1,200$752$460$276$155
39 years$1,787$1,141$705$424$250$138
40 years$1,723$1,085$660$391$227$123
41 years$1,662$1,033$619$361$206$109
42 years$1,604$984$581$333$187$97
43 years$1,549$937$545$307$170$87
44 years$1,497$894$512$284$154$77
45 years$1,447$852$480$262$140$69
46 years$1,400$813$451$242$127$61
47 years$1,355$776$424$224$115$55
48 years$1,311$740$398$207$105$49
49 years$1,270$707$374$191$95$43
50 years$1,230$675$352$177$86$39

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $1,260,000, adding $6,777 every year, while hoping to spend $58,891 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: 62/21/17 Blend
53$1,260,000$1,260,000$1,260,000$1,260,000
54$1,395,510$1,328,730$1,309,200$1,475,641
55$1,475,193$1,331,179$1,290,399$1,532,837
56$1,561,029$1,331,773$1,268,994$1,588,010
57$1,653,585$1,330,361$1,244,836$1,646,854
58$1,753,481$1,326,779$1,217,769$1,709,729
59$1,861,401$1,320,856$1,187,628$1,777,035
60$1,978,094$1,312,407$1,154,244$1,849,215
61$2,104,384$1,301,240$1,117,436$1,926,757
62$2,241,179$1,287,149$1,077,018$2,010,204
63$2,389,474$1,269,914$1,032,793$2,100,153
64$2,550,367$1,249,306$984,557$2,197,266
65$2,725,060$1,225,078$932,096$2,302,277
66$2,914,881$1,196,972$875,187$2,415,993
67$3,121,288$1,164,712$813,594$2,539,310
68$3,345,884$1,128,008$747,074$2,673,217
69$3,590,435$1,086,551$675,372$2,818,808
70$3,856,884$1,040,016$598,221$2,977,292
71$4,147,367$988,058$515,343$3,150,003
72$4,464,238$930,312$426,446$3,338,419
73$4,810,085$866,393$331,227$3,544,171
74$5,187,759$795,892$229,369$3,769,059
75$5,600,398$718,378$120,540$4,015,077
76$6,051,456$633,396$4,396$4,284,422
77$6,544,737$540,464$0$4,579,524
78$7,084,427$439,074$0$4,924,751
79$7,675,137$328,687$0$5,303,642
80$8,321,945$208,736$0$5,718,743
81$9,030,441$78,623$0$6,173,740
82$9,806,783$0$0$6,672,700
83$10,657,753$0$0$7,234,503
84$11,590,817$0$0$7,870,520
85$12,614,202$0$0$8,568,201
86$13,736,968$0$0$9,333,734
87$14,969,093$0$0$10,173,937
88$16,321,571$0$0$11,096,317
89$17,806,508$0$0$12,109,145
90$19,437,244$0$0$13,221,534
91$21,228,470$0$0$14,443,521
92$23,196,373$0$0$15,786,161
93$25,358,784$0$0$17,261,637
94$27,735,347$0$0$18,883,369
95$30,347,704$0$0$20,666,139
96$33,219,696$0$0$22,626,238
97$36,377,592$0$0$24,781,609
98$39,850,332$0$0$27,152,024
99$43,669,802$0$0$29,759,266
100$47,871,133$0$0$32,627,336