Can I retire at age 54 with 1,520,000?

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 $1,520,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.2%
1 years$125,520$124,402$123,311$122,247$121,207$118,133
2 years$62,139$60,981$59,860$58,772$57,718$54,641
3 years$41,014$39,852$38,733$37,656$36,618$33,635
4 years$30,454$29,295$28,188$27,129$26,117$23,249
5 years$24,120$22,968$21,875$20,838$19,853$17,110
6 years$19,898$18,755$17,678$16,664$15,709$13,093
7 years$16,884$15,751$14,691$13,700$12,776$10,286
8 years$14,624$13,501$12,459$11,493$10,599$8,235
9 years$12,868$11,755$10,731$9,789$8,926$6,686
10 years$11,463$10,362$9,355$8,439$7,605$5,487
11 years$10,315$9,224$8,236$7,344$6,541$4,540
12 years$9,359$8,279$7,310$6,442$5,668$3,782
13 years$8,550$7,482$6,531$5,687$4,943$3,168
14 years$7,858$6,801$5,868$5,048$4,333$2,664
15 years$7,258$6,213$5,298$4,502$3,815$2,249
16 years$6,734$5,700$4,803$4,031$3,372$1,905
17 years$6,272$5,250$4,371$3,622$2,989$1,617
18 years$5,862$4,851$3,990$3,264$2,658$1,375
19 years$5,495$4,496$3,653$2,950$2,369$1,172
20 years$5,166$4,178$3,352$2,671$2,116$1,000
21 years$4,868$3,891$3,083$2,424$1,894$854
22 years$4,598$3,632$2,842$2,204$1,698$731
23 years$4,352$3,397$2,624$2,008$1,524$625
24 years$4,126$3,183$2,427$1,831$1,370$536
25 years$3,919$2,987$2,248$1,672$1,232$459
26 years$3,728$2,807$2,084$1,529$1,110$394
27 years$3,551$2,642$1,936$1,399$1,001$338
28 years$3,388$2,490$1,799$1,282$903$290
29 years$3,236$2,349$1,675$1,176$815$249
30 years$3,094$2,218$1,560$1,079$737$214
31 years$2,962$2,097$1,454$991$666$184
32 years$2,838$1,984$1,357$911$603$158
33 years$2,722$1,879$1,267$838$545$136
34 years$2,613$1,781$1,184$771$494$117
35 years$2,511$1,689$1,107$709$447$100
36 years$2,414$1,603$1,035$653$405$86
37 years$2,323$1,523$969$602$367$74
38 years$2,237$1,447$907$555$333$64
39 years$2,155$1,376$850$512$302$55
40 years$2,078$1,309$797$472$274$47
41 years$2,005$1,246$747$435$248$41
42 years$1,935$1,187$701$402$225$35
43 years$1,869$1,131$658$371$205$30
44 years$1,806$1,078$617$342$186$26
45 years$1,746$1,028$580$316$169$22
46 years$1,689$981$544$292$153$19
47 years$1,634$936$511$270$139$17
48 years$1,582$893$481$249$126$14
49 years$1,532$853$452$231$115$12
50 years$1,484$815$425$213$104$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $1,520,000, adding $6,570 every year, while hoping to spend $53,744 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: 46/25/29 Blend
53$1,520,000$1,520,000$1,520,000$1,520,000
54$1,681,817$1,601,257$1,577,697$1,744,869
55$1,796,179$1,622,535$1,573,367$1,811,530
56$1,920,405$1,643,055$1,567,090$1,878,126
57$2,055,444$1,662,722$1,558,745$1,949,365
58$2,202,340$1,681,437$1,548,204$2,025,710
59$2,362,243$1,699,091$1,535,333$2,107,676
60$2,536,416$1,715,572$1,519,991$2,195,833
61$2,726,252$1,730,756$1,502,033$2,290,809
62$2,933,282$1,744,515$1,481,302$2,393,301
63$3,159,190$1,756,710$1,457,640$2,504,079
64$3,405,833$1,767,194$1,430,876$2,623,994
65$3,675,252$1,775,810$1,400,834$2,753,987
66$3,969,695$1,782,393$1,367,330$2,895,101
67$4,291,639$1,786,764$1,330,170$3,048,483
68$4,643,806$1,788,737$1,289,151$3,215,408
69$5,029,200$1,788,110$1,244,063$3,397,279
70$5,451,122$1,784,671$1,194,683$3,595,650
71$5,913,213$1,778,196$1,140,781$3,812,237
72$6,419,478$1,768,445$1,082,115$4,048,937
73$6,974,331$1,755,165$1,018,432$4,307,843
74$7,582,630$1,738,086$949,467$4,591,270
75$8,249,729$1,716,923$874,945$4,901,774
76$8,981,523$1,691,373$794,576$5,242,178
77$9,784,505$1,661,117$708,061$5,615,599
78$10,665,827$1,625,814$615,084$6,025,479
79$11,633,368$1,585,106$515,316$6,475,621
80$12,695,806$1,538,611$408,414$6,970,220
81$13,862,702$1,485,927$294,020$7,513,910
82$15,144,587$1,426,627$171,759$8,111,806
83$16,553,063$1,360,259$41,241$8,769,554
84$18,100,911$1,286,347$0$9,493,386
85$19,802,211$1,204,386$0$10,320,519
86$21,672,477$1,113,841$0$11,243,794
87$23,728,799$1,014,148$0$12,258,953
88$25,990,006$904,711$0$13,375,382
89$28,476,844$784,899$0$14,603,432
90$31,212,168$654,046$0$15,954,513
91$34,221,163$511,447$0$17,441,205
92$37,531,573$356,360$0$19,077,377
93$41,173,971$187,999$0$20,878,318
94$45,182,039$5,534$0$22,860,886
95$49,592,893$0$0$25,043,663
96$54,447,426$0$0$27,499,929
97$59,790,697$0$0$30,205,373
98$65,672,356$0$0$33,183,636
99$72,147,108$0$0$36,462,447
100$79,275,234$0$0$40,072,360