Can I retire at age 54 with 1,330,000?

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 $1,330,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.4%
1 years$109,830$108,852$107,897$106,966$106,056$104,558
2 years$54,371$53,359$52,377$51,426$50,503$48,996
3 years$35,888$34,871$33,892$32,949$32,041$30,573
4 years$26,647$25,634$24,664$23,738$22,852$21,433
5 years$21,105$20,097$19,141$18,233$17,372$16,007
6 years$17,411$16,411$15,468$14,581$13,746$12,437
7 years$14,773$13,782$12,854$11,988$11,179$9,926
8 years$12,796$11,813$10,902$10,056$9,274$8,077
9 years$11,259$10,286$9,389$8,566$7,810$6,668
10 years$10,030$9,066$8,186$7,384$6,655$5,567
11 years$9,026$8,071$7,207$6,426$5,723$4,689
12 years$8,189$7,244$6,396$5,637$4,960$3,978
13 years$7,481$6,547$5,714$4,976$4,325$3,394
14 years$6,876$5,951$5,134$4,417$3,791$2,910
15 years$6,351$5,436$4,636$3,939$3,338$2,504
16 years$5,892$4,988$4,203$3,527$2,950$2,163
17 years$5,488$4,593$3,824$3,169$2,616$1,873
18 years$5,129$4,244$3,491$2,856$2,326$1,626
19 years$4,809$3,934$3,196$2,581$2,073$1,414
20 years$4,520$3,655$2,933$2,337$1,852$1,233
21 years$4,260$3,405$2,698$2,121$1,657$1,076
22 years$4,023$3,178$2,487$1,929$1,485$940
23 years$3,808$2,973$2,296$1,757$1,333$822
24 years$3,610$2,785$2,123$1,602$1,198$720
25 years$3,429$2,614$1,967$1,463$1,078$631
26 years$3,262$2,457$1,824$1,338$971$554
27 years$3,107$2,312$1,694$1,225$876$486
28 years$2,964$2,178$1,574$1,122$790$427
29 years$2,831$2,055$1,465$1,029$714$375
30 years$2,707$1,941$1,365$944$645$330
31 years$2,592$1,835$1,272$867$583$290
32 years$2,483$1,736$1,187$797$527$255
33 years$2,382$1,644$1,108$733$477$224
34 years$2,287$1,558$1,036$674$432$198
35 years$2,197$1,478$968$621$391$174
36 years$2,112$1,403$906$572$355$153
37 years$2,033$1,332$848$527$321$135
38 years$1,957$1,266$794$486$291$119
39 years$1,886$1,204$744$448$264$105
40 years$1,818$1,146$697$413$240$92
41 years$1,754$1,090$654$381$217$81
42 years$1,693$1,038$613$352$197$72
43 years$1,635$989$575$325$179$63
44 years$1,580$943$540$300$163$56
45 years$1,528$899$507$277$148$49
46 years$1,478$858$476$256$134$43
47 years$1,430$819$448$236$122$38
48 years$1,384$782$421$218$110$34
49 years$1,340$746$395$202$100$30
50 years$1,299$713$372$186$91$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $1,330,000, adding $3,176 every year, while hoping to spend $23,826 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: 42/43/15 Blend
53$1,330,000$1,330,000$1,330,000$1,330,000
54$1,468,936$1,398,446$1,377,831$1,524,052
55$1,593,417$1,441,619$1,398,638$1,606,340
56$1,729,796$1,486,109$1,419,343$1,692,794
57$1,879,262$1,531,956$1,439,918$1,785,900
58$2,043,125$1,579,199$1,460,333$1,886,275
59$2,222,824$1,627,881$1,480,555$1,994,602
60$2,419,949$1,678,044$1,500,550$2,111,628
61$2,636,249$1,729,733$1,520,283$2,238,179
62$2,873,649$1,782,992$1,539,715$2,375,160
63$3,134,271$1,837,869$1,558,806$2,523,567
64$3,420,454$1,894,412$1,577,513$2,684,500
65$3,734,772$1,952,669$1,595,791$2,859,163
66$4,080,061$2,012,693$1,613,593$3,048,886
67$4,459,447$2,074,534$1,630,868$3,255,131
68$4,876,371$2,138,247$1,647,562$3,479,507
69$5,334,626$2,203,886$1,663,621$3,723,786
70$5,838,391$2,271,510$1,678,985$3,989,918
71$6,392,268$2,341,175$1,693,593$4,280,051
72$7,001,329$2,412,942$1,707,378$4,596,548
73$7,671,161$2,486,873$1,720,272$4,942,013
74$8,407,921$2,563,031$1,732,202$5,319,313
75$9,218,391$2,641,481$1,743,092$5,731,605
76$10,110,043$2,722,291$1,752,863$6,182,365
77$11,091,113$2,805,528$1,761,429$6,675,423
78$12,170,672$2,891,264$1,768,702$7,214,996
79$13,358,716$2,979,572$1,774,589$7,805,728
80$14,666,259$3,070,526$1,778,993$8,452,736
81$16,105,439$3,164,202$1,781,810$9,161,657
82$17,689,626$3,260,680$1,782,932$9,938,698
83$19,433,555$3,360,041$1,782,248$10,790,698
84$21,353,462$3,462,367$1,779,638$11,725,190
85$23,467,236$3,567,744$1,774,977$12,750,475
86$25,794,591$3,676,261$1,768,135$13,875,695
87$28,357,247$3,788,005$1,758,976$15,110,924
88$31,179,140$3,903,071$1,747,355$16,467,258
89$34,286,644$4,021,553$1,733,123$17,956,926
90$37,708,821$4,143,549$1,716,122$19,593,397
91$41,477,695$4,269,157$1,696,187$21,391,514
92$45,628,556$4,398,482$1,673,145$23,367,629
93$50,200,289$4,531,628$1,646,816$25,539,760
94$55,235,744$4,668,703$1,617,009$27,927,758
95$60,782,138$4,809,818$1,583,528$30,553,498
96$66,891,504$4,955,087$1,546,163$33,441,081
97$73,621,177$5,104,626$1,504,699$36,617,064
98$81,034,339$5,258,554$1,458,909$40,110,708
99$89,200,613$5,416,995$1,408,554$43,954,257
100$98,196,722$5,580,074$1,353,386$48,183,239