Can I retire at age 54 with 1,290,000?

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 $1,290,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.7%
1 years$106,527$105,578$104,652$103,749$102,866$101,708
2 years$52,736$51,754$50,802$49,879$48,984$47,817
3 years$34,808$33,822$32,872$31,958$31,077$29,939
4 years$25,846$24,863$23,923$23,024$22,165$21,064
5 years$20,470$19,493$18,565$17,685$16,849$15,789
6 years$16,887$15,917$15,003$14,143$13,332$12,313
7 years$14,329$13,367$12,468$11,627$10,843$9,866
8 years$12,411$11,458$10,574$9,754$8,995$8,060
9 years$10,921$9,976$9,107$8,308$7,575$6,682
10 years$9,729$8,794$7,940$7,162$6,454$5,603
11 years$8,754$7,829$6,990$6,233$5,551$4,740
12 years$7,943$7,026$6,203$5,467$4,810$4,038
13 years$7,256$6,350$5,542$4,827$4,195$3,461
14 years$6,669$5,772$4,980$4,284$3,677$2,981
15 years$6,160$5,273$4,496$3,821$3,238$2,578
16 years$5,715$4,838$4,076$3,421$2,861$2,237
17 years$5,323$4,455$3,709$3,074$2,537$1,947
18 years$4,975$4,117$3,386$2,770$2,256$1,699
19 years$4,664$3,815$3,100$2,503$2,011$1,486
20 years$4,384$3,545$2,845$2,267$1,796$1,301
21 years$4,132$3,302$2,617$2,058$1,607$1,142
22 years$3,902$3,083$2,412$1,871$1,441$1,003
23 years$3,693$2,883$2,227$1,704$1,293$882
24 years$3,502$2,701$2,059$1,554$1,162$777
25 years$3,326$2,535$1,907$1,419$1,046$685
26 years$3,164$2,383$1,769$1,298$942$604
27 years$3,014$2,242$1,643$1,188$849$533
28 years$2,875$2,113$1,527$1,088$766$471
29 years$2,746$1,993$1,421$998$692$416
30 years$2,626$1,882$1,324$916$625$368
31 years$2,514$1,780$1,234$841$565$325
32 years$2,409$1,684$1,151$773$511$288
33 years$2,310$1,595$1,075$711$463$255
34 years$2,218$1,511$1,004$654$419$226
35 years$2,131$1,433$939$602$380$200
36 years$2,049$1,361$879$555$344$177
37 years$1,971$1,292$822$511$312$157
38 years$1,898$1,228$770$471$283$139
39 years$1,829$1,168$721$434$256$123
40 years$1,764$1,111$676$400$232$109
41 years$1,701$1,058$634$370$211$97
42 years$1,642$1,007$595$341$191$86
43 years$1,586$960$558$315$174$76
44 years$1,533$915$524$291$158$67
45 years$1,482$872$492$268$143$60
46 years$1,433$832$462$248$130$53
47 years$1,387$794$434$229$118$47
48 years$1,342$758$408$212$107$42
49 years$1,300$724$383$196$97$37
50 years$1,259$692$360$181$88$33

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $1,290,000, adding $4,398 every year, while hoping to spend $52,113 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: 43/39/18 Blend
53$1,290,000$1,290,000$1,290,000$1,290,000
54$1,426,117$1,357,747$1,337,752$1,479,796
55$1,516,133$1,368,828$1,327,118$1,529,146
56$1,613,584$1,378,706$1,314,382$1,577,116
57$1,719,173$1,387,267$1,299,418$1,627,994
58$1,833,674$1,394,389$1,282,094$1,682,070
59$1,957,938$1,399,942$1,262,273$1,739,671
60$2,092,899$1,403,791$1,239,811$1,801,156
61$2,239,586$1,405,788$1,214,556$1,866,925
62$2,399,132$1,405,780$1,186,352$1,937,422
63$2,572,781$1,403,601$1,155,032$2,013,139
64$2,761,904$1,399,077$1,120,425$2,094,623
65$2,968,009$1,392,022$1,082,350$2,182,478
66$3,192,755$1,382,240$1,040,617$2,277,374
67$3,437,968$1,369,522$995,030$2,380,057
68$3,705,658$1,353,646$945,381$2,491,348
69$3,998,039$1,334,379$891,455$2,612,162
70$4,317,547$1,311,471$833,027$2,743,509
71$4,666,863$1,284,659$769,860$2,886,508
72$5,048,941$1,253,665$701,708$3,042,399
73$5,467,031$1,218,193$628,313$3,212,554
74$5,924,715$1,177,931$549,408$3,398,492
75$6,425,933$1,132,547$464,711$3,601,893
76$6,975,028$1,081,692$373,928$3,824,618
77$7,576,781$1,024,994$276,754$4,068,723
78$8,236,456$962,063$172,870$4,336,484
79$8,959,855$892,484$61,941$4,630,417
80$9,753,363$815,819$0$4,953,307
81$10,624,017$731,604$0$5,319,069
82$11,579,565$639,352$0$5,733,666
83$12,628,544$538,543$0$6,189,021
84$13,780,357$428,633$0$6,689,367
85$15,045,361$309,044$0$7,239,374
86$16,434,966$179,166$0$7,844,200
87$17,961,744$38,356$0$8,509,537
88$19,639,541$0$0$9,241,669
89$21,483,612$0$0$10,096,483
90$23,510,765$0$0$11,054,432
91$25,739,517$0$0$12,107,827
92$28,190,266$0$0$13,266,333
93$30,885,490$0$0$14,540,596
94$33,849,950$0$0$15,942,349
95$37,110,931$0$0$17,484,517
96$40,698,493$0$0$19,181,342
97$44,645,757$0$0$21,048,515
98$48,989,217$0$0$23,103,326
99$53,769,081$0$0$25,364,826
100$59,029,655$0$0$27,854,004