Can I retire at age 54 with 1,490,000?

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 $1,490,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.9%
1 years$123,043$121,947$120,878$119,834$118,815$115,942
2 years$60,912$59,778$58,678$57,612$56,578$53,702
3 years$40,205$39,065$37,969$36,913$35,896$33,105
4 years$29,853$28,717$27,632$26,594$25,601$22,917
5 years$23,644$22,515$21,443$20,426$19,462$16,892
6 years$19,505$18,385$17,329$16,335$15,399$12,947
7 years$16,551$15,440$14,401$13,430$12,524$10,189
8 years$14,336$13,235$12,213$11,266$10,390$8,172
9 years$12,614$11,523$10,519$9,596$8,750$6,647
10 years$11,237$10,157$9,171$8,272$7,455$5,465
11 years$10,111$9,042$8,074$7,199$6,412$4,531
12 years$9,174$8,116$7,165$6,315$5,556$3,782
13 years$8,381$7,334$6,402$5,575$4,845$3,173
14 years$7,703$6,667$5,752$4,949$4,247$2,675
15 years$7,115$6,090$5,193$4,413$3,740$2,263
16 years$6,601$5,588$4,708$3,952$3,305$1,920
17 years$6,148$5,146$4,284$3,551$2,930$1,633
18 years$5,746$4,755$3,911$3,200$2,606$1,392
19 years$5,387$4,407$3,580$2,891$2,322$1,189
20 years$5,064$4,095$3,286$2,619$2,074$1,017
21 years$4,772$3,815$3,022$2,377$1,856$871
22 years$4,507$3,561$2,786$2,161$1,664$747
23 years$4,266$3,330$2,572$1,968$1,494$641
24 years$4,045$3,120$2,379$1,795$1,343$550
25 years$3,841$2,928$2,203$1,639$1,208$473
26 years$3,654$2,752$2,043$1,499$1,088$406
27 years$3,481$2,590$1,897$1,372$981$350
28 years$3,321$2,441$1,764$1,257$885$301
29 years$3,172$2,302$1,641$1,153$799$259
30 years$3,033$2,174$1,529$1,058$722$223
31 years$2,903$2,055$1,425$972$653$192
32 years$2,782$1,945$1,330$893$591$166
33 years$2,668$1,842$1,242$821$535$143
34 years$2,562$1,746$1,160$755$484$123
35 years$2,461$1,656$1,085$695$438$106
36 years$2,366$1,572$1,015$640$397$91
37 years$2,277$1,493$950$590$360$79
38 years$2,193$1,418$889$544$326$68
39 years$2,113$1,349$833$502$296$59
40 years$2,037$1,283$781$463$268$51
41 years$1,965$1,222$732$427$244$44
42 years$1,897$1,163$687$394$221$38
43 years$1,832$1,108$645$364$201$32
44 years$1,770$1,057$605$336$182$28
45 years$1,711$1,008$568$310$165$24
46 years$1,655$961$534$286$150$21
47 years$1,602$917$501$265$136$18
48 years$1,551$876$471$244$124$15
49 years$1,502$836$443$226$112$13
50 years$1,455$799$416$209$102$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $1,490,000, adding $3,671 every year, while hoping to spend $33,112 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: 56/37/7 Blend
53$1,490,000$1,490,000$1,490,000$1,490,000
54$1,645,767$1,566,797$1,543,702$1,735,142
55$1,778,404$1,608,339$1,560,185$1,837,338
56$1,923,460$1,650,807$1,576,110$1,944,577
57$2,082,168$1,694,211$1,591,425$2,060,562
58$2,255,883$1,738,561$1,606,071$2,186,130
59$2,446,099$1,783,866$1,619,990$2,322,201
60$2,654,460$1,830,135$1,633,119$2,469,791
61$2,882,779$1,877,375$1,645,392$2,630,015
62$3,133,049$1,925,593$1,656,740$2,804,101
63$3,407,468$1,974,795$1,667,088$2,993,403
64$3,708,455$2,024,986$1,676,362$3,199,410
65$4,038,676$2,076,169$1,684,478$3,423,763
66$4,401,066$2,128,346$1,691,353$3,668,267
67$4,798,860$2,181,520$1,696,898$3,934,914
68$5,235,617$2,235,688$1,701,018$4,225,893
69$5,715,264$2,290,850$1,703,616$4,543,619
70$6,242,120$2,347,002$1,704,587$4,890,751
71$6,820,950$2,404,138$1,703,823$5,270,216
72$7,456,997$2,462,251$1,701,212$5,685,241
73$8,156,040$2,521,331$1,696,632$6,139,380
74$8,924,447$2,581,367$1,689,960$6,636,548
75$9,769,230$2,642,343$1,681,063$7,181,060
76$10,698,118$2,704,244$1,669,805$7,777,666
77$11,719,624$2,767,050$1,656,041$8,431,604
78$12,843,127$2,830,738$1,639,621$9,148,642
79$14,078,964$2,895,281$1,620,385$9,935,137
80$15,438,519$2,960,651$1,598,169$10,798,092
81$16,934,339$3,026,815$1,572,800$11,745,224
82$18,580,248$3,093,734$1,544,094$12,785,037
83$20,391,475$3,161,369$1,511,863$13,926,900
84$22,384,803$3,229,674$1,475,908$15,181,137
85$24,578,722$3,298,597$1,436,020$16,559,126
86$26,993,607$3,368,083$1,391,982$18,073,402
87$29,651,908$3,438,072$1,343,566$19,737,780
88$32,578,361$3,508,497$1,290,535$21,567,482
89$35,800,225$3,579,284$1,232,638$23,579,284
90$39,347,532$3,650,353$1,169,617$25,791,671
91$43,253,380$3,721,620$1,101,198$28,225,013
92$47,554,234$3,792,989$1,027,097$30,901,759
93$52,290,279$3,864,359$947,019$33,846,646
94$57,505,795$3,935,619$860,651$37,086,935
95$63,249,573$4,006,652$767,670$40,652,667
96$69,575,380$4,077,328$667,737$44,576,949
97$76,542,460$4,147,509$560,498$48,896,262
98$84,216,101$4,217,046$445,584$53,650,812
99$92,668,241$4,285,779$322,609$58,884,904
100$101,978,156$4,353,537$191,171$64,647,366