Can I retire at age 54 with 1,460,000?

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 $1,460,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.8%
1 years$120,565$119,492$118,444$117,421$116,422$112,741
2 years$59,686$58,574$57,497$56,452$55,439$51,763
3 years$39,395$38,279$37,204$36,170$35,173$31,618
4 years$29,252$28,139$27,075$26,058$25,086$21,679
5 years$23,168$22,061$21,011$20,015$19,070$15,821
6 years$19,113$18,015$16,980$16,006$15,089$12,001
7 years$16,217$15,129$14,111$13,160$12,272$9,343
8 years$14,047$12,968$11,967$11,039$10,180$7,410
9 years$12,360$11,291$10,307$9,403$8,573$5,958
10 years$11,011$9,953$8,986$8,106$7,305$4,841
11 years$9,908$8,860$7,911$7,054$6,283$3,965
12 years$8,989$7,952$7,021$6,188$5,444$3,268
13 years$8,213$7,187$6,273$5,463$4,748$2,708
14 years$7,548$6,532$5,636$4,849$4,162$2,253
15 years$6,972$5,968$5,089$4,325$3,664$1,880
16 years$6,468$5,475$4,614$3,872$3,238$1,574
17 years$6,025$5,042$4,198$3,479$2,871$1,320
18 years$5,631$4,659$3,832$3,135$2,553$1,110
19 years$5,279$4,318$3,508$2,833$2,276$934
20 years$4,962$4,013$3,220$2,566$2,033$788
21 years$4,676$3,738$2,962$2,329$1,819$665
22 years$4,416$3,489$2,730$2,117$1,631$561
23 years$4,180$3,263$2,520$1,928$1,464$475
24 years$3,963$3,057$2,331$1,759$1,316$401
25 years$3,764$2,869$2,159$1,606$1,184$340
26 years$3,581$2,697$2,002$1,469$1,066$288
27 years$3,411$2,538$1,859$1,344$961$244
28 years$3,254$2,391$1,728$1,232$867$206
29 years$3,108$2,256$1,608$1,129$783$175
30 years$2,972$2,131$1,498$1,037$708$148
31 years$2,845$2,014$1,397$952$640$126
32 years$2,726$1,906$1,303$875$579$107
33 years$2,615$1,805$1,217$805$524$91
34 years$2,510$1,710$1,137$740$474$77
35 years$2,412$1,622$1,063$681$430$65
36 years$2,319$1,540$994$628$389$55
37 years$2,231$1,463$931$578$353$47
38 years$2,149$1,390$872$533$320$40
39 years$2,070$1,322$817$491$290$34
40 years$1,996$1,257$765$453$263$29
41 years$1,926$1,197$718$418$239$24
42 years$1,859$1,140$673$386$217$21
43 years$1,795$1,086$632$356$197$18
44 years$1,735$1,035$593$329$178$15
45 years$1,677$987$557$304$162$13
46 years$1,622$942$523$281$147$11
47 years$1,570$899$491$259$134$9
48 years$1,519$858$462$240$121$8
49 years$1,471$819$434$221$110$7
50 years$1,425$783$408$205$100$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $1,460,000, adding $6,201 every year, while hoping to spend $50,895 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: 76/5/19 Blend
53$1,460,000$1,460,000$1,460,000$1,460,000
54$1,615,316$1,537,936$1,515,306$1,730,525
55$1,725,927$1,559,143$1,511,917$1,828,838
56$1,846,114$1,579,684$1,506,709$1,929,699
57$1,976,800$1,599,471$1,499,566$2,038,938
58$2,119,001$1,618,413$1,490,370$2,157,379
59$2,273,835$1,636,411$1,478,993$2,285,927
60$2,442,531$1,653,360$1,465,304$2,425,581
61$2,626,442$1,669,147$1,449,164$2,577,441
62$2,827,057$1,683,653$1,430,429$2,742,720
63$3,046,016$1,696,751$1,408,947$2,922,754
64$3,285,122$1,708,305$1,384,560$3,119,016
65$3,546,362$1,718,169$1,357,100$3,333,129
66$3,831,923$1,726,191$1,326,394$3,566,884
67$4,144,211$1,732,207$1,292,261$3,822,252
68$4,485,878$1,736,042$1,254,509$4,101,406
69$4,859,842$1,737,513$1,212,940$4,406,744
70$5,269,317$1,736,422$1,167,344$4,740,904
71$5,717,843$1,732,562$1,117,505$5,106,798
72$6,209,316$1,725,710$1,063,195$5,507,635
73$6,748,029$1,715,634$1,004,175$5,946,950
74$7,338,710$1,702,082$940,197$6,428,641
75$7,986,566$1,684,791$871,001$6,957,004
76$8,697,331$1,663,481$796,315$7,536,774
77$9,477,323$1,637,856$715,856$8,173,171
78$10,333,499$1,607,599$629,326$8,871,949
79$11,273,523$1,572,379$536,416$9,639,447
80$12,305,840$1,531,843$436,803$10,482,656
81$13,439,748$1,485,617$330,149$11,409,280
82$14,685,495$1,433,304$216,101$12,427,809
83$16,054,368$1,374,488$94,293$13,547,603
84$17,558,800$1,308,725$0$14,778,978
85$19,212,491$1,235,546$0$16,140,542
86$21,030,534$1,154,456$0$17,658,460
87$23,029,555$1,064,932$0$19,327,494
88$25,227,875$966,419$0$21,162,958
89$27,645,677$858,331$0$23,181,724
90$30,305,198$740,052$0$25,402,383
91$33,230,939$610,925$0$27,845,422
92$36,449,897$470,262$0$30,533,412
93$39,991,814$317,333$0$33,491,226
94$43,889,463$151,367$0$36,746,270
95$48,178,955$0$0$40,328,745
96$52,900,078$0$0$44,273,493
97$58,096,671$0$0$48,624,756
98$63,817,042$0$0$53,414,661
99$70,114,417$0$0$58,687,787
100$77,047,448$0$0$64,493,254