Can I retire at age 54 with 1,470,000?

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 $1,470,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.8%
1 years$121,391$120,310$119,255$118,225$117,220$112,613
2 years$60,095$58,975$57,891$56,839$55,819$51,235
3 years$39,665$38,541$37,459$36,417$35,414$30,996
4 years$29,452$28,332$27,261$26,237$25,257$21,039
5 years$23,326$22,212$21,155$20,152$19,200$15,193
6 years$19,244$18,138$17,097$16,116$15,193$11,398
7 years$16,329$15,232$14,207$13,250$12,356$8,773
8 years$14,143$13,057$12,049$11,115$10,250$6,876
9 years$12,444$11,368$10,378$9,467$8,632$5,461
10 years$11,086$10,021$9,048$8,161$7,355$4,381
11 years$9,976$8,921$7,965$7,103$6,326$3,542
12 years$9,051$8,007$7,069$6,230$5,482$2,881
13 years$8,269$7,236$6,316$5,500$4,780$2,355
14 years$7,599$6,577$5,675$4,882$4,190$1,932
15 years$7,020$6,008$5,124$4,354$3,689$1,590
16 years$6,513$5,513$4,645$3,899$3,261$1,311
17 years$6,066$5,077$4,227$3,503$2,891$1,084
18 years$5,669$4,691$3,859$3,157$2,571$898
19 years$5,315$4,348$3,532$2,852$2,291$744
20 years$4,996$4,040$3,242$2,583$2,047$618
21 years$4,708$3,763$2,982$2,345$1,831$514
22 years$4,447$3,513$2,748$2,132$1,642$427
23 years$4,208$3,286$2,538$1,942$1,474$355
24 years$3,990$3,078$2,347$1,771$1,325$296
25 years$3,790$2,889$2,174$1,617$1,192$246
26 years$3,605$2,715$2,016$1,479$1,074$205
27 years$3,435$2,555$1,872$1,353$968$171
28 years$3,276$2,408$1,740$1,240$873$143
29 years$3,129$2,271$1,619$1,137$789$119
30 years$2,992$2,145$1,508$1,044$713$99
31 years$2,864$2,028$1,406$958$644$83
32 years$2,745$1,919$1,312$881$583$69
33 years$2,633$1,817$1,225$810$527$58
34 years$2,527$1,722$1,145$745$478$48
35 years$2,428$1,633$1,070$686$433$40
36 years$2,335$1,550$1,001$632$392$33
37 years$2,247$1,473$937$582$355$28
38 years$2,163$1,399$877$537$322$23
39 years$2,084$1,331$822$495$292$19
40 years$2,010$1,266$771$456$265$16
41 years$1,939$1,205$723$421$240$14
42 years$1,872$1,148$678$389$218$11
43 years$1,808$1,094$636$359$198$9
44 years$1,747$1,042$597$331$180$8
45 years$1,689$994$561$306$163$7
46 years$1,633$948$526$283$148$5
47 years$1,580$905$495$261$134$5
48 years$1,530$864$465$241$122$4
49 years$1,481$825$437$223$111$3
50 years$1,435$788$411$206$101$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $1,470,000, adding $4,959 every year, while hoping to spend $59,302 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: 49/41/10 Blend
53$1,470,000$1,470,000$1,470,000$1,470,000
54$1,625,055$1,547,145$1,524,360$1,700,076
55$1,727,714$1,559,858$1,512,329$1,764,742
56$1,838,856$1,571,207$1,497,908$1,828,293
57$1,959,285$1,581,062$1,480,953$1,895,959
58$2,089,883$1,589,284$1,461,316$1,968,142
59$2,231,620$1,595,729$1,438,839$2,045,286
60$2,385,565$1,600,239$1,413,360$2,127,884
61$2,552,891$1,602,649$1,384,706$2,216,482
62$2,734,890$1,602,783$1,352,698$2,311,684
63$2,932,983$1,600,454$1,317,148$2,414,156
64$3,148,735$1,595,464$1,277,860$2,524,638
65$3,383,866$1,587,601$1,234,628$2,643,947
66$3,640,271$1,576,644$1,187,238$2,772,989
67$3,920,032$1,562,353$1,135,465$2,912,763
68$4,225,446$1,544,479$1,079,073$3,064,377
69$4,559,038$1,522,755$1,017,818$3,229,053
70$4,923,587$1,496,897$951,443$3,408,147
71$5,322,156$1,466,608$879,679$3,603,155
72$5,758,114$1,431,570$802,246$3,815,731
73$6,235,172$1,391,448$718,852$4,047,706
74$6,757,417$1,345,886$629,191$4,301,100
75$7,329,348$1,294,509$532,944$4,578,151
76$7,955,921$1,236,919$429,776$4,881,327
77$8,642,591$1,172,694$319,340$5,213,360
78$9,395,370$1,101,391$201,272$5,577,264
79$10,220,876$1,022,537$75,193$5,976,374
80$11,126,399$935,636$0$6,414,372
81$12,119,971$840,160$0$6,901,657
82$13,210,435$735,555$0$7,445,363
83$14,407,534$621,233$0$8,042,466
84$15,722,001$496,572$0$8,698,495
85$17,165,658$360,917$0$9,419,551
86$18,751,529$213,575$0$10,212,368
87$20,493,960$53,815$0$11,084,379
88$22,408,757$0$0$12,043,786
89$24,513,332$0$0$13,153,391
90$26,826,869$0$0$14,400,030
91$29,370,501$0$0$15,770,834
92$32,167,514$0$0$17,278,372
93$35,243,560$0$0$18,936,495
94$38,626,904$0$0$20,760,462
95$42,348,688$0$0$22,767,086
96$46,443,221$0$0$24,974,891
97$50,948,308$0$0$27,404,287
98$55,905,601$0$0$30,077,763
99$61,360,997$0$0$33,020,098
100$67,365,064$0$0$36,258,595