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

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 $1,510,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.9%
1 years$124,694$123,584$122,500$121,442$120,410$116,555
2 years$61,730$60,580$59,466$58,386$57,338$53,490
3 years$40,744$39,590$38,478$37,408$36,377$32,657
4 years$30,254$29,103$28,002$26,951$25,945$22,380
5 years$23,961$22,817$21,731$20,701$19,723$16,324
6 years$19,767$18,632$17,562$16,554$15,606$12,376
7 years$16,773$15,647$14,594$13,610$12,692$9,629
8 years$14,528$13,412$12,377$11,417$10,529$7,633
9 years$12,783$11,678$10,660$9,725$8,867$6,133
10 years$11,388$10,293$9,294$8,383$7,555$4,980
11 years$10,247$9,164$8,182$7,296$6,498$4,076
12 years$9,297$8,225$7,261$6,399$5,631$3,358
13 years$8,494$7,433$6,488$5,650$4,910$2,780
14 years$7,806$6,756$5,829$5,015$4,304$2,311
15 years$7,211$6,172$5,263$4,473$3,790$1,928
16 years$6,690$5,663$4,772$4,005$3,349$1,612
17 years$6,231$5,215$4,342$3,598$2,970$1,352
18 years$5,823$4,819$3,964$3,243$2,641$1,135
19 years$5,459$4,466$3,629$2,930$2,354$955
20 years$5,132$4,150$3,330$2,654$2,102$805
21 years$4,836$3,866$3,063$2,408$1,881$678
22 years$4,568$3,608$2,823$2,190$1,686$573
23 years$4,323$3,375$2,607$1,994$1,514$484
24 years$4,099$3,162$2,411$1,819$1,361$409
25 years$3,893$2,967$2,233$1,661$1,224$346
26 years$3,703$2,789$2,071$1,519$1,103$292
27 years$3,528$2,625$1,923$1,390$994$248
28 years$3,365$2,473$1,788$1,274$897$210
29 years$3,214$2,333$1,664$1,168$810$177
30 years$3,074$2,204$1,549$1,072$732$150
31 years$2,942$2,083$1,445$985$662$127
32 years$2,819$1,971$1,348$905$599$108
33 years$2,704$1,867$1,258$832$542$91
34 years$2,596$1,769$1,176$766$491$78
35 years$2,494$1,678$1,099$705$444$66
36 years$2,398$1,593$1,028$649$403$56
37 years$2,308$1,513$963$598$365$47
38 years$2,222$1,438$901$551$331$40
39 years$2,141$1,367$844$508$300$34
40 years$2,064$1,301$792$469$272$29
41 years$1,992$1,238$742$433$247$24
42 years$1,922$1,179$696$399$224$21
43 years$1,857$1,123$653$368$203$18
44 years$1,794$1,071$613$340$184$15
45 years$1,734$1,021$576$314$167$13
46 years$1,678$974$541$290$152$11
47 years$1,623$930$508$268$138$9
48 years$1,571$887$477$248$125$8
49 years$1,522$847$449$229$114$7
50 years$1,474$809$422$212$103$6

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 $2,992 every year, while hoping to spend $22,508 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: 45/34/21 Blend
53$1,510,000$1,510,000$1,510,000$1,510,000
54$1,667,106$1,587,076$1,563,671$1,731,921
55$1,813,203$1,640,895$1,592,106$1,831,618
56$1,973,447$1,696,596$1,620,739$1,937,216
57$2,149,257$1,754,248$1,649,553$2,051,271
58$2,342,198$1,813,923$1,678,529$2,174,579
59$2,553,991$1,875,694$1,707,648$2,308,015
60$2,786,533$1,939,637$1,736,889$2,452,545
61$3,041,913$2,005,833$1,766,229$2,609,226
62$3,322,433$2,074,364$1,795,642$2,779,225
63$3,630,629$2,145,315$1,825,104$2,963,824
64$3,969,294$2,218,777$1,854,586$3,164,435
65$4,341,505$2,294,840$1,884,058$3,382,610
66$4,750,654$2,373,603$1,913,489$3,620,057
67$5,200,474$2,455,163$1,942,845$3,878,657
68$5,695,082$2,539,625$1,972,090$4,160,481
69$6,239,011$2,627,097$2,001,185$4,467,806
70$6,837,256$2,717,691$2,030,091$4,803,142
71$7,495,321$2,811,523$2,058,763$5,169,248
72$8,219,269$2,908,713$2,087,157$5,569,167
73$9,015,782$3,009,387$2,115,225$6,006,245
74$9,892,221$3,113,676$2,142,914$6,484,168
75$10,856,696$3,221,716$2,170,171$7,006,995
76$11,918,146$3,333,646$2,196,938$7,579,196
77$13,086,416$3,449,615$2,223,155$8,205,693
78$14,372,358$3,569,773$2,248,758$8,891,908
79$15,787,926$3,694,279$2,273,679$9,643,811
80$17,346,294$3,823,299$2,297,847$10,467,977
81$19,061,978$3,957,002$2,321,186$11,371,651
82$20,950,972$4,095,567$2,343,618$12,362,810
83$23,030,900$4,239,179$2,365,059$13,450,241
84$25,321,183$4,388,030$2,385,420$14,643,626
85$27,843,221$4,542,321$2,404,608$15,953,628
86$30,620,594$4,702,259$2,422,527$17,391,993
87$33,679,286$4,868,061$2,439,073$18,971,661
88$37,047,929$5,039,952$2,454,138$20,706,889
89$40,758,075$5,218,167$2,467,608$22,613,382
90$44,844,490$5,402,948$2,479,365$24,708,442
91$49,345,486$5,594,551$2,489,281$27,011,130
92$54,303,279$5,793,238$2,497,226$29,542,448
93$59,764,391$5,999,284$2,503,061$32,325,534
94$65,780,085$6,212,974$2,506,639$35,385,879
95$72,406,851$6,434,607$2,507,809$38,751,569
96$79,706,938$6,664,492$2,506,409$42,453,551
97$87,748,945$6,902,951$2,502,273$46,525,920
98$96,608,460$7,150,319$2,495,222$51,006,243
99$106,368,784$7,406,945$2,485,073$55,935,913
100$117,121,708$7,673,193$2,471,631$61,360,536