Can I retire at age 54 with 1,450,000?

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 $1,450,000?

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$119,740$118,673$117,632$116,617$115,625$113,991
2 years$59,277$58,173$57,103$56,066$55,060$53,417
3 years$39,125$38,017$36,950$35,922$34,932$33,331
4 years$29,052$27,946$26,890$25,880$24,914$23,367
5 years$23,009$21,910$20,868$19,878$18,939$17,451
6 years$18,982$17,891$16,864$15,897$14,986$13,559
7 years$16,106$15,025$14,014$13,070$12,188$10,822
8 years$13,951$12,879$11,885$10,964$10,111$8,806
9 years$12,275$11,214$10,237$9,339$8,515$7,270
10 years$10,935$9,884$8,925$8,050$7,255$6,069
11 years$9,840$8,799$7,857$7,006$6,239$5,112
12 years$8,928$7,898$6,973$6,145$5,407$4,337
13 years$8,156$7,137$6,230$5,425$4,715$3,700
14 years$7,496$6,488$5,598$4,816$4,133$3,172
15 years$6,924$5,927$5,054$4,295$3,639$2,730
16 years$6,424$5,438$4,582$3,846$3,216$2,358
17 years$5,983$5,008$4,169$3,455$2,852$2,042
18 years$5,592$4,627$3,806$3,114$2,536$1,773
19 years$5,242$4,289$3,484$2,814$2,260$1,542
20 years$4,928$3,985$3,198$2,548$2,019$1,344
21 years$4,644$3,712$2,941$2,313$1,807$1,173
22 years$4,386$3,465$2,711$2,103$1,619$1,025
23 years$4,151$3,241$2,503$1,915$1,454$897
24 years$3,936$3,036$2,315$1,747$1,307$785
25 years$3,738$2,850$2,144$1,595$1,176$688
26 years$3,556$2,678$1,989$1,459$1,059$604
27 years$3,388$2,520$1,846$1,335$955$530
28 years$3,232$2,375$1,717$1,223$862$465
29 years$3,087$2,241$1,597$1,122$778$409
30 years$2,952$2,116$1,488$1,029$703$359
31 years$2,825$2,000$1,387$945$635$316
32 years$2,707$1,893$1,294$869$575$278
33 years$2,597$1,792$1,208$799$520$245
34 years$2,493$1,699$1,129$735$471$215
35 years$2,395$1,611$1,056$677$427$190
36 years$2,303$1,529$988$623$387$167
37 years$2,216$1,453$924$574$350$147
38 years$2,134$1,380$866$529$318$130
39 years$2,056$1,313$811$488$288$114
40 years$1,982$1,249$760$450$261$101
41 years$1,912$1,189$713$415$237$89
42 years$1,846$1,132$669$383$215$78
43 years$1,783$1,079$627$354$195$69
44 years$1,723$1,028$589$327$177$61
45 years$1,666$981$553$302$161$53
46 years$1,611$935$519$279$146$47
47 years$1,559$893$488$257$133$42
48 years$1,509$852$458$238$120$37
49 years$1,461$814$431$220$109$32
50 years$1,416$777$405$203$99$28

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $1,450,000, adding $6,877 every year, while hoping to spend $50,539 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: 61/21/18 Blend
53$1,450,000$1,450,000$1,450,000$1,450,000
54$1,604,994$1,528,144$1,505,669$1,695,086
55$1,714,930$1,549,250$1,502,335$1,777,797
56$1,834,386$1,569,696$1,497,197$1,861,779
57$1,964,279$1,589,397$1,490,139$1,952,260
58$2,105,619$1,608,261$1,481,042$2,049,876
59$2,259,517$1,626,190$1,469,781$2,155,330
60$2,427,194$1,643,080$1,456,226$2,269,396
61$2,609,997$1,658,820$1,440,239$2,392,929
62$2,809,406$1,673,291$1,421,675$2,526,870
63$3,027,049$1,686,367$1,400,386$2,672,259
64$3,264,722$1,697,912$1,376,212$2,830,244
65$3,524,397$1,707,784$1,348,989$3,002,089
66$3,808,250$1,715,830$1,318,544$3,189,191
67$4,118,673$1,721,887$1,284,698$3,393,089
68$4,458,302$1,725,784$1,247,259$3,615,481
69$4,830,038$1,727,336$1,206,032$3,858,241
70$5,237,077$1,726,350$1,160,808$4,123,436
71$5,682,936$1,722,619$1,111,372$4,413,344
72$6,171,490$1,715,922$1,057,498$4,730,481
73$6,707,008$1,706,027$998,950$5,077,621
74$7,294,187$1,692,688$935,480$5,457,821
75$7,938,206$1,675,641$866,830$5,874,457
76$8,644,765$1,654,609$792,730$6,331,250
77$9,420,144$1,629,298$712,900$6,832,304
78$10,271,261$1,599,396$627,044$7,382,146
79$11,205,734$1,564,571$534,855$7,985,768
80$12,231,959$1,524,475$436,012$8,648,676
81$13,359,180$1,478,736$330,180$9,376,941
82$14,597,584$1,426,962$217,009$10,177,261
83$15,958,392$1,368,737$96,133$11,057,018
84$17,453,966$1,303,623$0$12,024,355
85$19,097,925$1,231,155$0$13,094,562
86$20,905,272$1,150,840$0$14,291,343
87$22,892,539$1,062,161$0$15,607,212
88$25,077,937$964,566$0$17,054,290
89$27,481,533$857,475$0$18,645,937
90$30,125,432$740,275$0$20,396,879
91$33,033,994$612,316$0$22,323,346
92$36,234,057$472,915$0$24,443,227
93$39,755,189$321,346$0$26,776,240
94$43,629,973$156,846$0$29,344,117
95$47,894,306$0$0$32,170,813
96$52,587,745$0$0$35,287,672
97$57,753,874$0$0$38,758,467
98$63,440,717$0$0$42,579,234
99$69,701,190$0$0$46,785,542
100$76,593,600$0$0$51,416,586