Can I retire at age 54 with 1,440,000?

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 $1,440,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.5%
1 years$118,914$117,855$116,821$115,813$114,828$111,330
2 years$58,868$57,772$56,709$55,679$54,680$51,186
3 years$38,856$37,755$36,695$35,674$34,691$31,311
4 years$28,851$27,754$26,704$25,701$24,742$21,501
5 years$22,850$21,759$20,724$19,741$18,808$15,716
6 years$18,851$17,768$16,748$15,787$14,883$11,941
7 years$15,995$14,922$13,917$12,979$12,103$9,312
8 years$13,855$12,791$11,803$10,888$10,041$7,399
9 years$12,191$11,136$10,166$9,274$8,456$5,960
10 years$10,860$9,816$8,863$7,994$7,205$4,851
11 years$9,772$8,739$7,803$6,958$6,196$3,981
12 years$8,866$7,843$6,925$6,103$5,370$3,288
13 years$8,100$7,088$6,187$5,388$4,683$2,730
14 years$7,444$6,443$5,559$4,783$4,105$2,276
15 years$6,876$5,886$5,019$4,265$3,614$1,904
16 years$6,380$5,400$4,550$3,819$3,194$1,597
17 years$5,942$4,973$4,141$3,431$2,832$1,343
18 years$5,554$4,596$3,780$3,092$2,518$1,131
19 years$5,206$4,259$3,460$2,794$2,245$954
20 years$4,894$3,958$3,176$2,531$2,005$806
21 years$4,612$3,687$2,921$2,297$1,794$682
22 years$4,356$3,441$2,692$2,088$1,608$577
23 years$4,123$3,218$2,486$1,902$1,444$489
24 years$3,909$3,016$2,299$1,735$1,298$415
25 years$3,713$2,830$2,129$1,584$1,168$352
26 years$3,532$2,660$1,975$1,448$1,052$299
27 years$3,364$2,503$1,834$1,326$948$254
28 years$3,209$2,359$1,705$1,215$856$215
29 years$3,065$2,225$1,586$1,114$773$183
30 years$2,931$2,101$1,478$1,022$698$156
31 years$2,806$1,986$1,378$939$631$132
32 years$2,689$1,880$1,285$863$571$112
33 years$2,579$1,780$1,200$794$517$96
34 years$2,476$1,687$1,121$730$468$81
35 years$2,379$1,600$1,048$672$424$69
36 years$2,287$1,519$981$619$384$59
37 years$2,201$1,442$918$570$348$50
38 years$2,119$1,371$860$526$315$43
39 years$2,042$1,304$805$485$286$36
40 years$1,969$1,240$755$447$259$31
41 years$1,899$1,181$708$412$235$26
42 years$1,833$1,124$664$381$214$22
43 years$1,771$1,071$623$351$194$19
44 years$1,711$1,021$585$324$176$16
45 years$1,654$974$549$300$160$14
46 years$1,600$929$516$277$145$12
47 years$1,548$886$485$256$132$10
48 years$1,499$846$455$236$120$8
49 years$1,451$808$428$218$109$7
50 years$1,406$772$402$202$99$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $1,440,000, adding $2,267 every year, while hoping to spend $50,723 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: 59/34/7 Blend
53$1,440,000$1,440,000$1,440,000$1,440,000
54$1,589,218$1,512,898$1,490,578$1,680,519
55$1,697,350$1,533,062$1,486,544$1,762,182
56$1,814,811$1,552,513$1,480,674$1,845,200
57$1,942,499$1,571,163$1,472,854$1,934,446
58$2,081,402$1,588,919$1,462,964$2,030,518
59$2,232,608$1,605,679$1,450,876$2,134,080
60$2,397,313$1,621,336$1,436,459$2,245,861
61$2,576,832$1,635,774$1,419,573$2,366,666
62$2,772,614$1,648,873$1,400,074$2,497,383
63$2,986,254$1,660,501$1,377,810$2,638,992
64$3,219,507$1,670,520$1,352,621$2,792,571
65$3,474,303$1,678,782$1,324,341$2,959,314
66$3,752,771$1,685,132$1,292,796$3,140,534
67$4,057,252$1,689,401$1,257,802$3,337,682
68$4,390,323$1,691,413$1,219,170$3,552,356
69$4,754,823$1,690,979$1,176,699$3,786,321
70$5,153,877$1,687,900$1,130,181$4,041,522
71$5,590,928$1,681,962$1,079,398$4,320,107
72$6,069,766$1,672,942$1,024,121$4,624,443
73$6,594,566$1,660,599$964,112$4,957,141
74$7,169,923$1,644,681$899,122$5,321,083
75$7,800,903$1,624,918$828,890$5,719,447
76$8,493,082$1,601,025$753,144$6,155,736
77$9,252,602$1,572,701$671,600$6,633,818
78$10,086,230$1,539,626$583,961$7,157,956
79$11,001,418$1,501,460$489,917$7,732,852
80$12,006,377$1,457,846$389,144$8,363,694
81$13,110,151$1,408,404$281,303$9,056,202
82$14,322,701$1,352,731$166,042$9,816,685
83$15,655,005$1,290,403$42,992$10,652,101
84$17,119,152$1,220,969$0$11,570,123
85$18,728,463$1,143,954$0$12,585,811
86$20,497,614$1,058,855$0$13,705,755
87$22,442,771$965,140$0$14,937,064
88$24,581,748$862,246$0$16,291,117
89$26,934,170$749,580$0$17,780,464
90$29,521,659$626,513$0$19,418,938
91$32,368,039$492,383$0$21,221,792
92$35,499,557$346,487$0$23,205,843
93$38,945,134$188,088$0$25,389,630
94$42,736,635$16,402$0$27,793,593
95$46,909,172$0$0$30,440,265
96$51,501,429$0$0$33,417,866
97$56,556,033$0$0$36,702,148
98$62,119,953$0$0$40,317,509
99$68,244,942$0$0$44,297,598
100$74,988,025$0$0$48,679,488