Can I retire at age 54 with 1,510,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $1,510,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.3%
1 years$124,694$123,584$122,500$121,442$120,410$118,757
2 years$61,730$60,580$59,466$58,386$57,338$55,676
3 years$40,744$39,590$38,478$37,408$36,377$34,758
4 years$30,254$29,103$28,002$26,951$25,945$24,380
5 years$23,961$22,817$21,731$20,701$19,723$18,217
6 years$19,767$18,632$17,562$16,554$15,606$14,161
7 years$16,773$15,647$14,594$13,610$12,692$11,309
8 years$14,528$13,412$12,377$11,417$10,529$9,207
9 years$12,783$11,678$10,660$9,725$8,867$7,606
10 years$11,388$10,293$9,294$8,383$7,555$6,354
11 years$10,247$9,164$8,182$7,296$6,498$5,355
12 years$9,297$8,225$7,261$6,399$5,631$4,546
13 years$8,494$7,433$6,488$5,650$4,910$3,881
14 years$7,806$6,756$5,829$5,015$4,304$3,329
15 years$7,211$6,172$5,263$4,473$3,790$2,868
16 years$6,690$5,663$4,772$4,005$3,349$2,478
17 years$6,231$5,215$4,342$3,598$2,970$2,148
18 years$5,823$4,819$3,964$3,243$2,641$1,866
19 years$5,459$4,466$3,629$2,930$2,354$1,624
20 years$5,132$4,150$3,330$2,654$2,102$1,416
21 years$4,836$3,866$3,063$2,408$1,881$1,237
22 years$4,568$3,608$2,823$2,190$1,686$1,082
23 years$4,323$3,375$2,607$1,994$1,514$947
24 years$4,099$3,162$2,411$1,819$1,361$830
25 years$3,893$2,967$2,233$1,661$1,224$728
26 years$3,703$2,789$2,071$1,519$1,103$639
27 years$3,528$2,625$1,923$1,390$994$562
28 years$3,365$2,473$1,788$1,274$897$494
29 years$3,214$2,333$1,664$1,168$810$434
30 years$3,074$2,204$1,549$1,072$732$382
31 years$2,942$2,083$1,445$985$662$336
32 years$2,819$1,971$1,348$905$599$296
33 years$2,704$1,867$1,258$832$542$261
34 years$2,596$1,769$1,176$766$491$230
35 years$2,494$1,678$1,099$705$444$202
36 years$2,398$1,593$1,028$649$403$178
37 years$2,308$1,513$963$598$365$157
38 years$2,222$1,438$901$551$331$139
39 years$2,141$1,367$844$508$300$122
40 years$2,064$1,301$792$469$272$108
41 years$1,992$1,238$742$433$247$95
42 years$1,922$1,179$696$399$224$84
43 years$1,857$1,123$653$368$203$74
44 years$1,794$1,071$613$340$184$65
45 years$1,734$1,021$576$314$167$58
46 years$1,678$974$541$290$152$51
47 years$1,623$930$508$268$138$45
48 years$1,571$887$477$248$125$39
49 years$1,522$847$449$229$114$35
50 years$1,474$809$422$212$103$31

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $1,510,000, adding $6,947 every year, while hoping to spend $52,417 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: 47/32/21 Blend
53$1,510,000$1,510,000$1,510,000$1,510,000
54$1,671,186$1,591,156$1,567,751$1,739,444
55$1,785,876$1,613,351$1,564,499$1,810,038
56$1,910,507$1,634,877$1,559,382$1,880,829
57$2,046,038$1,655,646$1,552,281$1,956,584
58$2,193,525$1,675,563$1,543,073$2,037,793
59$2,354,127$1,694,528$1,531,628$2,124,994
60$2,529,121$1,712,434$1,517,812$2,218,783
61$2,719,914$1,729,165$1,501,480$2,319,819
62$2,928,051$1,744,601$1,482,486$2,428,830
63$3,155,236$1,758,609$1,460,673$2,546,620
64$3,403,341$1,771,053$1,435,877$2,674,078
65$3,674,431$1,781,784$1,407,928$2,812,187
66$3,970,777$1,790,645$1,376,647$2,962,031
67$4,294,879$1,797,469$1,341,848$3,124,809
68$4,649,491$1,802,079$1,303,334$3,301,845
69$5,037,643$1,804,286$1,260,900$3,494,602
70$5,462,676$1,803,888$1,214,333$3,704,695
71$5,928,264$1,800,674$1,163,408$3,933,908
72$6,438,456$1,794,417$1,107,892$4,184,211
73$6,997,712$1,784,876$1,047,539$4,457,781
74$7,610,942$1,771,798$982,095$4,757,021
75$8,283,554$1,754,912$911,291$5,084,582
76$9,021,505$1,733,932$834,849$5,443,394
77$9,831,359$1,708,555$752,476$5,836,691
78$10,720,342$1,678,458$663,868$6,268,043
79$11,696,415$1,643,301$568,706$6,741,389
80$12,768,350$1,602,724$466,659$7,261,079
81$13,945,808$1,556,343$357,378$7,831,915
82$15,239,432$1,503,756$240,502$8,459,193
83$16,660,947$1,444,532$115,651$9,148,762
84$18,223,269$1,378,220$0$9,907,074
85$19,940,630$1,304,341$0$10,745,191
86$21,828,708$1,222,386$0$11,694,940
87$23,904,774$1,131,822$0$12,739,144
88$26,187,860$1,032,080$0$13,887,470
89$28,698,931$922,561$0$15,150,576
90$31,461,089$802,634$0$16,540,213
91$34,499,786$671,628$0$18,069,338
92$37,843,064$528,838$0$19,752,238
93$41,521,822$373,516$0$21,604,665
94$45,570,104$204,875$0$23,643,987
95$50,025,422$22,082$0$25,889,353
96$54,929,108$0$0$28,361,873
97$60,326,705$0$0$31,146,709
98$66,268,394$0$0$34,221,031
99$72,809,469$0$0$37,605,702
100$80,010,857$0$0$41,332,274