Can I retire at age 54 with 1,360,000?

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 $1,360,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.6%
1 years$112,308$111,307$110,331$109,379$108,448$106,828
2 years$55,598$54,562$53,559$52,586$51,642$50,013
3 years$36,697$35,657$34,656$33,692$32,764$31,177
4 years$27,248$26,212$25,221$24,273$23,367$21,835
5 years$21,581$20,550$19,572$18,644$17,764$16,290
6 years$17,804$16,781$15,817$14,910$14,056$12,643
7 years$15,107$14,093$13,144$12,258$11,431$10,079
8 years$13,085$12,080$11,147$10,283$9,483$8,192
9 years$11,513$10,518$9,601$8,759$7,986$6,755
10 years$10,257$9,271$8,371$7,550$6,805$5,633
11 years$9,229$8,253$7,369$6,571$5,852$4,739
12 years$8,374$7,408$6,540$5,764$5,071$4,015
13 years$7,650$6,694$5,843$5,088$4,422$3,421
14 years$7,031$6,085$5,250$4,517$3,877$2,929
15 years$6,494$5,559$4,740$4,028$3,413$2,517
16 years$6,025$5,100$4,298$3,607$3,017$2,171
17 years$5,612$4,697$3,911$3,241$2,675$1,877
18 years$5,245$4,340$3,570$2,921$2,378$1,628
19 years$4,917$4,022$3,268$2,639$2,120$1,414
20 years$4,622$3,738$2,999$2,390$1,893$1,230
21 years$4,356$3,482$2,759$2,169$1,694$1,072
22 years$4,114$3,250$2,543$1,972$1,519$935
23 years$3,893$3,040$2,348$1,796$1,363$817
24 years$3,692$2,848$2,171$1,638$1,225$714
25 years$3,506$2,673$2,011$1,496$1,103$625
26 years$3,335$2,512$1,865$1,368$993$548
27 years$3,178$2,364$1,732$1,252$896$480
28 years$3,031$2,228$1,610$1,147$808$421
29 years$2,895$2,101$1,498$1,052$730$369
30 years$2,768$1,985$1,396$966$659$324
31 years$2,650$1,876$1,301$887$596$284
32 years$2,539$1,775$1,214$815$539$250
33 years$2,436$1,681$1,133$749$488$219
34 years$2,338$1,593$1,059$690$442$193
35 years$2,246$1,511$990$635$400$169
36 years$2,160$1,434$926$585$363$149
37 years$2,078$1,362$867$539$329$131
38 years$2,001$1,295$812$496$298$115
39 years$1,928$1,231$761$458$270$101
40 years$1,859$1,171$713$422$245$89
41 years$1,794$1,115$668$390$222$78
42 years$1,731$1,062$627$360$202$69
43 years$1,672$1,012$588$332$183$61
44 years$1,616$964$552$306$166$53
45 years$1,562$920$519$283$151$47
46 years$1,511$877$487$261$137$41
47 years$1,462$837$458$242$124$36
48 years$1,415$799$430$223$113$32
49 years$1,371$763$404$206$103$28
50 years$1,328$729$380$191$93$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $1,360,000, adding $4,075 every year, while hoping to spend $22,777 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: 56/21/23 Blend
53$1,360,000$1,360,000$1,360,000$1,360,000
54$1,502,923$1,430,843$1,409,763$1,577,477
55$1,631,987$1,476,720$1,432,756$1,674,832
56$1,773,452$1,524,081$1,455,755$1,778,090
57$1,928,558$1,572,976$1,478,738$1,890,103
58$2,098,674$1,623,454$1,501,678$2,011,719
59$2,285,303$1,675,568$1,524,549$2,143,871
60$2,490,104$1,729,371$1,547,321$2,287,588
61$2,714,904$1,784,919$1,569,965$2,444,003
62$2,961,713$1,842,270$1,592,449$2,614,361
63$3,232,749$1,901,482$1,614,737$2,800,036
64$3,530,452$1,962,617$1,636,793$3,002,538
65$3,857,512$2,025,739$1,658,579$3,223,532
66$4,216,890$2,090,912$1,680,054$3,464,852
67$4,611,852$2,158,206$1,701,174$3,728,516
68$5,045,991$2,227,689$1,721,894$4,016,747
69$5,523,271$2,299,434$1,742,166$4,331,995
70$6,048,055$2,373,517$1,761,939$4,676,958
71$6,625,151$2,450,013$1,781,159$5,054,607
72$7,259,857$2,529,005$1,799,768$5,468,215
73$7,958,010$2,610,573$1,817,708$5,921,390
74$8,726,040$2,694,804$1,834,914$6,418,102
75$9,571,033$2,781,787$1,851,321$6,962,729
76$10,500,796$2,871,612$1,866,857$7,560,092
77$11,523,931$2,964,374$1,881,450$8,215,502
78$12,649,915$3,060,172$1,895,022$8,934,812
79$13,889,191$3,159,105$1,907,491$9,724,469
80$15,253,267$3,261,280$1,918,770$10,591,577
81$16,754,821$3,366,803$1,928,769$11,543,963
82$18,407,823$3,475,787$1,937,394$12,590,251
83$20,227,668$3,588,348$1,944,543$13,739,942
84$22,231,318$3,704,605$1,950,114$15,003,505
85$24,437,464$3,824,682$1,953,994$16,392,477
86$26,866,701$3,948,707$1,956,068$17,919,568
87$29,541,724$4,076,813$1,956,216$19,598,783
88$32,487,539$4,209,136$1,954,309$21,445,556
89$35,731,704$4,345,819$1,950,213$23,476,890
90$39,304,582$4,487,009$1,943,789$25,711,525
91$43,239,633$4,632,856$1,934,890$28,170,107
92$47,573,727$4,783,518$1,923,361$30,875,387
93$52,347,495$4,939,157$1,909,041$33,852,437
94$57,605,706$5,099,943$1,891,760$37,128,882
95$63,397,695$5,266,048$1,871,342$40,735,165
96$69,777,828$5,437,652$1,847,600$44,704,830
97$76,806,013$5,614,943$1,820,340$49,074,843
98$84,548,263$5,798,112$1,789,359$53,885,938
99$93,077,326$5,987,360$1,754,443$59,183,000
100$102,473,366$6,182,893$1,715,369$65,015,495