Can I retire at age 54 with 1,310,000?

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 $1,310,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.7%
1 years$108,179$107,215$106,275$105,357$104,461$102,019
2 years$53,554$52,556$51,590$50,653$49,743$47,297
3 years$35,348$34,346$33,382$32,454$31,559$29,185
4 years$26,247$25,248$24,294$23,381$22,508$20,224
5 years$20,787$19,795$18,853$17,959$17,110$14,923
6 years$17,149$16,164$15,236$14,362$13,539$11,450
7 years$14,551$13,574$12,661$11,808$11,011$9,021
8 years$12,604$11,636$10,738$9,905$9,135$7,244
9 years$11,090$10,131$9,248$8,437$7,693$5,899
10 years$9,880$8,930$8,063$7,273$6,554$4,856
11 years$8,890$7,950$7,098$6,329$5,637$4,031
12 years$8,066$7,135$6,300$5,552$4,885$3,369
13 years$7,369$6,448$5,628$4,901$4,260$2,831
14 years$6,772$5,861$5,057$4,351$3,734$2,389
15 years$6,255$5,354$4,566$3,880$3,288$2,024
16 years$5,804$4,913$4,140$3,474$2,906$1,720
17 years$5,406$4,524$3,767$3,122$2,576$1,465
18 years$5,052$4,181$3,439$2,813$2,291$1,251
19 years$4,736$3,875$3,148$2,542$2,042$1,070
20 years$4,452$3,600$2,889$2,302$1,824$916
21 years$4,196$3,354$2,657$2,089$1,632$786
22 years$3,963$3,131$2,449$1,900$1,463$675
23 years$3,750$2,928$2,261$1,730$1,313$580
24 years$3,556$2,743$2,091$1,578$1,180$499
25 years$3,377$2,574$1,937$1,441$1,062$429
26 years$3,213$2,420$1,797$1,318$957$370
27 years$3,061$2,277$1,668$1,206$863$319
28 years$2,920$2,146$1,551$1,105$778$275
29 years$2,789$2,024$1,443$1,013$703$237
30 years$2,667$1,912$1,344$930$635$204
31 years$2,553$1,807$1,253$854$574$176
32 years$2,446$1,710$1,169$785$519$152
33 years$2,346$1,619$1,092$722$470$131
34 years$2,252$1,535$1,020$664$426$113
35 years$2,164$1,456$954$611$385$98
36 years$2,081$1,382$892$563$349$85
37 years$2,002$1,312$835$519$317$73
38 years$1,928$1,247$782$478$287$63
39 years$1,858$1,186$733$441$260$54
40 years$1,791$1,128$687$407$236$47
41 years$1,728$1,074$644$375$214$41
42 years$1,668$1,023$604$346$194$35
43 years$1,611$975$567$320$176$30
44 years$1,556$929$532$295$160$26
45 years$1,505$886$500$273$145$23
46 years$1,455$845$469$252$132$20
47 years$1,408$806$441$233$120$17
48 years$1,363$770$414$215$109$15
49 years$1,320$735$389$199$99$13
50 years$1,279$702$366$184$90$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $1,310,000, adding $5,969 every year, while hoping to spend $53,825 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: 41/46/13 Blend
53$1,310,000$1,310,000$1,310,000$1,310,000
54$1,449,777$1,380,347$1,360,042$1,503,416
55$1,540,385$1,390,715$1,348,334$1,552,143
56$1,638,431$1,399,786$1,334,430$1,599,075
57$1,744,617$1,407,442$1,318,199$1,648,693
58$1,859,714$1,413,553$1,299,505$1,701,266
59$1,984,571$1,417,983$1,278,205$1,757,091
60$2,120,122$1,420,589$1,254,149$1,816,501
61$2,267,392$1,421,215$1,227,181$1,879,864
62$2,427,510$1,419,699$1,197,136$1,947,590
63$2,601,720$1,415,868$1,163,844$2,020,134
64$2,791,387$1,409,537$1,127,124$2,097,999
65$2,998,014$1,400,511$1,086,789$2,181,747
66$3,223,259$1,388,582$1,042,643$2,271,999
67$3,468,940$1,373,532$994,480$2,369,444
68$3,737,064$1,355,127$942,087$2,474,847
69$4,029,836$1,333,120$885,239$2,589,056
70$4,349,687$1,307,250$823,702$2,713,011
71$4,699,289$1,277,240$757,230$2,847,753
72$5,081,588$1,242,796$685,569$2,994,439
73$5,499,825$1,203,608$608,451$3,154,346
74$5,957,570$1,159,347$525,596$3,328,891
75$6,458,752$1,109,666$436,714$3,519,644
76$7,007,701$1,054,195$341,500$3,728,341
77$7,609,182$992,547$239,636$3,956,906
78$8,268,446$924,308$130,791$4,207,468
79$8,991,272$849,045$14,618$4,482,383
80$9,784,030$766,296$0$4,784,256
81$10,653,732$675,575$0$5,131,142
82$11,608,103$576,369$0$5,514,209
83$12,655,652$468,133$0$5,935,011
84$13,805,752$350,295$0$6,397,506
85$15,068,728$222,249$0$6,906,065
86$16,455,953$83,354$0$7,465,518
87$17,979,956$0$0$8,081,201
88$19,654,542$0$0$8,792,952
89$21,494,915$0$0$9,621,717
90$23,517,827$0$0$10,532,871
91$25,741,736$0$0$11,534,749
92$28,186,973$0$0$12,636,536
93$30,875,941$0$0$13,848,350
94$33,833,322$0$0$15,181,340
95$37,086,309$0$0$16,647,790
96$40,664,863$0$0$18,261,233
97$44,601,995$0$0$20,036,581
98$48,934,079$0$0$21,990,265
99$53,701,189$0$0$24,140,388
100$58,947,484$0$0$26,506,898