Can I retire at age 54 with 1,420,000?

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 $1,420,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.3%
1 years$117,262$116,218$115,199$114,204$113,233$108,999
2 years$58,051$56,969$55,922$54,906$53,920$49,703
3 years$38,316$37,230$36,185$35,179$34,209$30,141
4 years$28,451$27,368$26,333$25,344$24,398$20,511
5 years$22,533$21,457$20,436$19,467$18,547$14,850
6 years$18,589$17,521$16,515$15,568$14,676$11,172
7 years$15,773$14,714$13,724$12,799$11,935$8,624
8 years$13,662$12,613$11,639$10,737$9,902$6,779
9 years$12,021$10,982$10,025$9,145$8,339$5,401
10 years$10,709$9,680$8,740$7,883$7,105$4,347
11 years$9,636$8,617$7,694$6,861$6,110$3,526
12 years$8,743$7,735$6,829$6,018$5,295$2,877
13 years$7,988$6,990$6,101$5,313$4,617$2,359
14 years$7,341$6,354$5,482$4,716$4,048$1,943
15 years$6,781$5,804$4,949$4,206$3,564$1,604
16 years$6,291$5,325$4,487$3,766$3,150$1,328
17 years$5,860$4,904$4,083$3,384$2,793$1,102
18 years$5,476$4,532$3,727$3,049$2,483$916
19 years$5,134$4,200$3,412$2,755$2,213$763
20 years$4,826$3,903$3,132$2,496$1,977$635
21 years$4,548$3,635$2,880$2,265$1,769$530
22 years$4,295$3,393$2,655$2,059$1,586$443
23 years$4,065$3,174$2,451$1,875$1,424$370
24 years$3,855$2,974$2,267$1,711$1,280$309
25 years$3,661$2,791$2,100$1,562$1,151$258
26 years$3,483$2,623$1,947$1,428$1,037$216
27 years$3,318$2,468$1,808$1,307$935$181
28 years$3,165$2,326$1,681$1,198$844$151
29 years$3,023$2,194$1,564$1,098$762$127
30 years$2,891$2,072$1,457$1,008$688$106
31 years$2,767$1,959$1,358$926$622$89
32 years$2,651$1,854$1,267$851$563$74
33 years$2,543$1,755$1,183$782$509$62
34 years$2,441$1,664$1,106$720$461$52
35 years$2,346$1,578$1,034$663$418$44
36 years$2,255$1,498$967$610$379$37
37 years$2,170$1,422$905$562$343$31
38 years$2,090$1,352$848$518$311$26
39 years$2,014$1,285$794$478$282$22
40 years$1,941$1,223$744$441$256$18
41 years$1,873$1,164$698$407$232$15
42 years$1,808$1,109$655$375$211$13
43 years$1,746$1,056$614$347$191$11
44 years$1,687$1,007$577$320$173$9
45 years$1,631$960$541$295$158$7
46 years$1,578$916$509$273$143$6
47 years$1,527$874$478$252$130$5
48 years$1,478$835$449$233$118$4
49 years$1,431$797$422$215$107$4
50 years$1,386$761$397$199$97$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $1,420,000, adding $4,962 every year, while hoping to spend $57,045 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: 22/48/30 Blend
53$1,420,000$1,420,000$1,420,000$1,420,000
54$1,569,958$1,494,698$1,472,688$1,589,552
55$1,669,399$1,507,243$1,461,328$1,620,140
56$1,777,070$1,518,491$1,447,675$1,647,782
57$1,893,752$1,528,317$1,431,593$1,676,142
58$2,020,301$1,536,591$1,412,937$1,705,318
59$2,157,659$1,543,172$1,391,559$1,735,422
60$2,306,864$1,547,911$1,367,299$1,766,581
61$2,469,055$1,550,649$1,339,995$1,798,941
62$2,645,486$1,551,219$1,309,473$1,832,667
63$2,837,539$1,549,441$1,275,552$1,867,949
64$3,046,730$1,545,126$1,238,046$1,905,001
65$3,274,731$1,538,072$1,196,755$1,944,065
66$3,523,381$1,528,065$1,151,474$1,985,416
67$3,794,704$1,514,879$1,101,986$2,029,363
68$4,090,928$1,498,272$1,048,067$2,076,256
69$4,414,506$1,477,991$989,481$2,126,487
70$4,768,137$1,453,764$925,980$2,180,500
71$5,154,794$1,425,305$857,307$2,238,790
72$5,577,750$1,392,312$783,194$2,301,916
73$6,040,609$1,354,463$703,359$2,370,502
74$6,547,337$1,311,418$617,508$2,445,248
75$7,102,305$1,262,818$525,334$2,526,938
76$7,710,325$1,208,280$426,517$2,616,447
77$8,376,696$1,147,404$320,723$2,714,753
78$9,107,254$1,079,762$207,603$2,822,949
79$9,908,427$1,004,903$86,791$2,942,254
80$10,787,295$922,352$0$3,074,025
81$11,751,657$831,605$0$3,233,266
82$12,810,101$732,128$0$3,438,699
83$13,972,089$623,361$0$3,664,523
84$15,248,044$504,707$0$3,912,963
85$16,649,446$375,540$0$4,186,487
86$18,188,944$235,195$0$4,487,825
87$19,880,470$82,974$0$4,820,002
88$21,739,374$0$0$5,186,365
89$23,782,565$0$0$5,633,859
90$26,028,674$0$0$6,174,248
91$28,498,224$0$0$6,768,678
92$31,213,830$0$0$7,422,626
93$34,200,405$0$0$8,142,128
94$37,485,397$0$0$8,933,835
95$41,099,049$0$0$9,805,074
96$45,074,684$0$0$10,763,918
97$49,449,014$0$0$11,819,266
98$54,262,493$0$0$12,980,917
99$59,559,691$0$0$14,259,674
100$65,389,721$0$0$15,667,437