Can I retire at age 54 with 1,380,000?

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 $1,380,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.5%
1 years$113,959$112,944$111,954$110,987$110,043$105,844
2 years$56,415$55,365$54,346$53,359$52,401$48,221
3 years$37,237$36,181$35,166$34,188$33,246$29,214
4 years$27,649$26,597$25,592$24,630$23,711$19,860
5 years$21,898$20,853$19,860$18,918$18,025$14,364
6 years$18,065$17,028$16,050$15,129$14,262$10,794
7 years$15,329$14,300$13,338$12,439$11,599$8,323
8 years$13,277$12,258$11,311$10,434$9,623$6,535
9 years$11,683$10,672$9,742$8,888$8,104$5,200
10 years$10,407$9,407$8,494$7,661$6,905$4,179
11 years$9,365$8,375$7,478$6,668$5,938$3,385
12 years$8,497$7,517$6,636$5,848$5,146$2,759
13 years$7,763$6,793$5,929$5,163$4,487$2,260
14 years$7,134$6,175$5,327$4,583$3,934$1,858
15 years$6,590$5,641$4,810$4,088$3,463$1,532
16 years$6,114$5,175$4,361$3,660$3,061$1,267
17 years$5,695$4,766$3,968$3,288$2,714$1,050
18 years$5,322$4,404$3,622$2,964$2,413$871
19 years$4,989$4,082$3,316$2,678$2,151$724
20 years$4,690$3,793$3,043$2,425$1,921$602
21 years$4,420$3,533$2,799$2,201$1,719$502
22 years$4,174$3,298$2,580$2,001$1,541$418
23 years$3,951$3,084$2,382$1,823$1,383$349
24 years$3,746$2,890$2,203$1,662$1,243$291
25 years$3,558$2,712$2,041$1,518$1,119$243
26 years$3,384$2,549$1,893$1,388$1,008$203
27 years$3,224$2,399$1,757$1,271$909$170
28 years$3,076$2,260$1,634$1,164$820$142
29 years$2,938$2,132$1,520$1,068$740$118
30 years$2,809$2,014$1,416$980$669$99
31 years$2,689$1,904$1,320$900$605$83
32 years$2,577$1,801$1,232$827$547$69
33 years$2,471$1,706$1,150$760$495$58
34 years$2,372$1,617$1,075$700$448$48
35 years$2,279$1,533$1,005$644$406$41
36 years$2,192$1,455$940$593$368$34
37 years$2,109$1,382$880$547$333$28
38 years$2,031$1,314$824$504$302$24
39 years$1,957$1,249$772$464$274$20
40 years$1,887$1,189$723$428$249$17
41 years$1,820$1,131$678$395$226$14
42 years$1,757$1,078$636$365$205$12
43 years$1,697$1,027$597$337$186$10
44 years$1,640$979$560$311$169$8
45 years$1,585$933$526$287$153$7
46 years$1,533$890$494$265$139$6
47 years$1,484$850$464$245$126$5
48 years$1,436$811$436$226$115$4
49 years$1,391$774$410$209$104$3
50 years$1,347$740$386$193$95$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $1,380,000, adding $6,411 every year, while hoping to spend $46,070 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: 42/30/28 Blend
53$1,380,000$1,380,000$1,380,000$1,380,000
54$1,527,373$1,454,233$1,432,843$1,578,770
55$1,634,147$1,476,472$1,431,825$1,638,616
56$1,750,268$1,498,257$1,429,229$1,698,569
57$1,876,640$1,519,517$1,424,953$1,762,619
58$2,014,260$1,540,175$1,418,891$1,831,172
59$2,164,222$1,560,152$1,410,932$1,904,677
60$2,327,732$1,579,359$1,400,958$1,983,631
61$2,506,117$1,597,704$1,388,846$2,068,584
62$2,700,837$1,615,088$1,374,469$2,160,143
63$2,913,501$1,631,405$1,357,692$2,258,981
64$3,145,878$1,646,543$1,338,374$2,365,840
65$3,399,915$1,660,382$1,316,368$2,481,543
66$3,677,759$1,672,793$1,291,519$2,606,996
67$3,981,771$1,683,641$1,263,665$2,743,203
68$4,314,552$1,692,780$1,232,638$2,891,275
69$4,678,966$1,700,056$1,198,261$3,052,437
70$5,078,167$1,705,304$1,160,349$3,228,043
71$5,515,627$1,708,352$1,118,708$3,419,591
72$5,995,172$1,709,012$1,073,136$3,628,733
73$6,521,015$1,707,089$1,023,421$3,857,298
74$7,097,795$1,702,373$969,342$4,107,302
75$7,730,623$1,694,642$910,669$4,380,974
76$8,425,129$1,683,662$847,158$4,680,777
77$9,187,513$1,669,182$778,558$5,009,429
78$10,024,604$1,650,937$704,606$5,369,931
79$10,943,929$1,628,648$625,025$5,765,598
80$11,953,774$1,602,016$539,527$6,200,090
81$13,063,270$1,570,726$447,813$6,677,447
82$14,282,477$1,534,445$349,568$7,202,128
83$15,622,475$1,492,819$244,464$7,779,057
84$17,095,474$1,445,473$132,160$8,413,668
85$18,714,923$1,392,012$12,298$9,111,958
86$20,495,641$1,332,016$0$9,880,546
87$22,453,954$1,265,042$0$10,761,278
88$24,607,849$1,190,621$0$11,733,840
89$26,977,144$1,108,256$0$12,803,568
90$29,583,675$1,017,423$0$13,980,404
91$32,451,500$917,567$0$15,275,306
92$35,607,128$808,103$0$16,700,360
93$39,079,766$688,410$0$18,268,886
94$42,901,594$557,835$0$19,995,573
95$47,108,074$415,686$0$21,896,614
96$51,738,276$261,233$0$23,989,863
97$56,835,252$93,705$0$26,295,001
98$62,446,438$0$0$28,833,727
99$68,624,107$0$0$31,658,918
100$75,425,854$0$0$34,803,792