Can I retire at age 54 with 1,300,000?

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 $1,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.3%
1 years$107,353$106,397$105,464$104,553$103,664$100,185
2 years$53,145$52,155$51,196$50,266$49,364$45,893
3 years$35,078$34,084$33,127$32,206$31,318$27,965
4 years$26,046$25,055$24,108$23,202$22,337$19,126
5 years$20,629$19,644$18,709$17,822$16,980$13,921
6 years$17,018$16,041$15,120$14,252$13,436$10,531
7 years$14,440$13,471$12,564$11,718$10,927$8,175
8 years$12,508$11,547$10,656$9,830$9,065$6,465
9 years$11,005$10,054$9,178$8,373$7,634$5,182
10 years$9,804$8,862$8,001$7,217$6,504$4,197
11 years$8,822$7,889$7,044$6,281$5,594$3,426
12 years$8,004$7,081$6,252$5,509$4,848$2,815
13 years$7,313$6,399$5,585$4,864$4,227$2,324
14 years$6,720$5,817$5,018$4,318$3,706$1,927
15 years$6,208$5,314$4,531$3,851$3,263$1,603
16 years$5,759$4,875$4,108$3,448$2,884$1,337
17 years$5,364$4,490$3,738$3,098$2,557$1,117
18 years$5,014$4,149$3,412$2,792$2,273$936
19 years$4,700$3,845$3,124$2,523$2,026$785
20 years$4,418$3,573$2,867$2,285$1,810$659
21 years$4,164$3,328$2,637$2,074$1,620$554
22 years$3,932$3,107$2,430$1,885$1,452$466
23 years$3,722$2,906$2,244$1,717$1,303$392
24 years$3,529$2,722$2,075$1,566$1,171$331
25 years$3,352$2,555$1,922$1,430$1,054$279
26 years$3,188$2,401$1,783$1,308$949$235
27 years$3,037$2,260$1,655$1,197$856$198
28 years$2,897$2,129$1,539$1,097$772$167
29 years$2,767$2,009$1,432$1,006$697$141
30 years$2,646$1,897$1,334$923$630$119
31 years$2,533$1,793$1,244$848$570$101
32 years$2,427$1,697$1,160$779$515$85
33 years$2,328$1,607$1,083$716$466$72
34 years$2,235$1,523$1,012$659$422$61
35 years$2,147$1,445$946$607$382$51
36 years$2,065$1,371$885$559$347$43
37 years$1,987$1,302$829$515$314$37
38 years$1,913$1,238$776$475$285$31
39 years$1,843$1,177$727$438$258$26
40 years$1,777$1,120$681$404$234$22
41 years$1,715$1,066$639$372$212$19
42 years$1,655$1,015$599$344$193$16
43 years$1,598$967$562$317$175$13
44 years$1,545$922$528$293$159$11
45 years$1,493$879$496$271$144$10
46 years$1,444$839$466$250$131$8
47 years$1,398$800$437$231$119$7
48 years$1,353$764$411$213$108$6
49 years$1,310$730$386$197$98$5
50 years$1,269$697$363$182$89$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $1,300,000, adding $4,026 every year, while hoping to spend $43,846 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: 82/7/11 Blend
53$1,300,000$1,300,000$1,300,000$1,300,000
54$1,436,753$1,367,853$1,347,703$1,551,585
55$1,536,650$1,388,226$1,346,199$1,647,792
56$1,645,267$1,408,128$1,343,175$1,747,194
57$1,763,447$1,427,489$1,338,535$1,855,018
58$1,892,118$1,446,235$1,332,175$1,972,085
59$2,032,300$1,464,287$1,323,989$2,099,301
60$2,185,118$1,481,560$1,313,866$2,237,661
61$2,351,806$1,497,963$1,301,687$2,388,264
62$2,533,727$1,513,400$1,287,330$2,552,317
63$2,732,378$1,527,767$1,270,666$2,731,152
64$2,949,408$1,540,955$1,251,561$2,926,237
65$3,186,633$1,552,847$1,229,873$3,139,186
66$3,446,050$1,563,317$1,205,455$3,371,781
67$3,729,861$1,572,234$1,178,152$3,625,982
68$4,040,489$1,579,455$1,147,802$3,903,951
69$4,380,602$1,584,831$1,114,236$4,208,069
70$4,753,137$1,588,202$1,077,277$4,540,958
71$5,161,331$1,589,398$1,036,739$4,905,510
72$5,608,747$1,588,238$992,430$5,304,910
73$6,099,310$1,584,533$944,147$5,742,667
74$6,637,342$1,578,077$891,679$6,222,648
75$7,227,604$1,568,656$834,803$6,749,115
76$7,875,340$1,556,041$773,290$7,326,764
77$8,586,327$1,539,989$706,897$7,960,770
78$9,366,927$1,520,243$635,373$8,656,834
79$10,224,149$1,496,531$558,454$9,421,241
80$11,165,715$1,468,564$475,864$10,260,915
81$12,200,129$1,436,035$387,317$11,183,488
82$13,336,763$1,398,620$292,513$12,197,369
83$14,585,937$1,355,978$191,137$13,311,825
84$15,959,026$1,307,744$82,863$14,537,070
85$17,468,557$1,253,534$0$15,884,358
86$19,128,335$1,192,942$0$17,369,929
87$20,953,566$1,125,537$0$19,014,243
88$22,961,007$1,050,865$0$20,822,672
89$25,169,116$968,444$0$22,811,863
90$27,598,235$877,767$0$25,000,156
91$30,270,773$778,295$0$27,407,764
92$33,211,421$669,461$0$30,056,957
93$36,447,386$550,665$0$32,972,275
94$40,008,644$421,272$0$36,180,759
95$43,928,225$280,613$0$39,712,208
96$48,242,521$127,981$0$43,599,454
97$52,991,635$0$0$47,878,682
98$58,219,752$0$0$52,592,639
99$63,975,561$0$0$57,793,280
100$70,312,711$0$0$63,519,228