Can I retire at age 54 with 1,530,000?

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 $1,530,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.5%
1 years$126,346$125,221$124,123$123,051$122,004$120,231
2 years$62,548$61,383$60,254$59,159$58,097$56,314
3 years$41,284$40,114$38,988$37,904$36,859$35,122
4 years$30,655$29,488$28,373$27,308$26,288$24,610
5 years$24,278$23,119$22,019$20,975$19,984$18,370
6 years$20,029$18,878$17,795$16,774$15,813$14,265
7 years$16,995$15,854$14,787$13,791$12,860$11,379
8 years$14,721$13,590$12,541$11,569$10,669$9,254
9 years$12,952$11,832$10,801$9,854$8,984$7,635
10 years$11,539$10,430$9,417$8,494$7,655$6,371
11 years$10,383$9,285$8,291$7,392$6,584$5,363
12 years$9,420$8,334$7,358$6,484$5,705$4,546
13 years$8,606$7,531$6,574$5,725$4,975$3,876
14 years$7,910$6,846$5,906$5,082$4,361$3,321
15 years$7,306$6,254$5,333$4,532$3,840$2,856
16 years$6,778$5,738$4,835$4,058$3,394$2,465
17 years$6,313$5,284$4,399$3,646$3,009$2,133
18 years$5,901$4,883$4,016$3,286$2,676$1,851
19 years$5,532$4,525$3,677$2,969$2,385$1,609
20 years$5,200$4,205$3,374$2,689$2,130$1,401
21 years$4,900$3,917$3,104$2,440$1,906$1,222
22 years$4,628$3,656$2,860$2,219$1,709$1,067
23 years$4,380$3,420$2,641$2,021$1,534$933
24 years$4,153$3,204$2,443$1,843$1,379$816
25 years$3,945$3,007$2,262$1,683$1,241$715
26 years$3,752$2,826$2,098$1,539$1,117$626
27 years$3,575$2,660$1,948$1,409$1,007$549
28 years$3,410$2,506$1,811$1,291$909$482
29 years$3,257$2,364$1,686$1,184$821$423
30 years$3,114$2,233$1,570$1,086$742$372
31 years$2,981$2,111$1,464$998$671$327
32 years$2,857$1,997$1,366$917$607$287
33 years$2,740$1,891$1,275$843$549$252
34 years$2,630$1,793$1,191$776$497$222
35 years$2,527$1,700$1,114$714$450$195
36 years$2,430$1,614$1,042$658$408$172
37 years$2,338$1,533$975$606$370$151
38 years$2,252$1,457$913$559$335$133
39 years$2,170$1,385$856$515$304$117
40 years$2,092$1,318$802$475$276$103
41 years$2,018$1,254$752$438$250$91
42 years$1,948$1,195$705$404$227$80
43 years$1,881$1,138$662$373$206$70
44 years$1,818$1,085$621$345$187$62
45 years$1,757$1,035$583$318$170$55
46 years$1,700$987$548$294$154$48
47 years$1,645$942$515$272$140$42
48 years$1,592$899$484$251$127$37
49 years$1,542$859$455$232$115$33
50 years$1,494$820$428$214$105$29

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $1,530,000, adding $4,991 every year, while hoping to spend $55,005 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: 66/22/12 Blend
53$1,530,000$1,530,000$1,530,000$1,530,000
54$1,691,208$1,610,118$1,586,403$1,797,956
55$1,805,187$1,630,489$1,581,023$1,890,117
56$1,928,947$1,650,015$1,573,619$1,983,870
57$2,063,430$1,668,595$1,564,065$2,084,941
58$2,209,668$1,686,125$1,552,229$2,194,042
59$2,368,799$1,702,490$1,537,974$2,311,956
60$2,542,075$1,717,570$1,521,155$2,439,549
61$2,730,872$1,731,237$1,501,619$2,577,772
62$2,936,706$1,743,352$1,479,208$2,727,678
63$3,161,244$1,753,771$1,453,755$2,890,425
64$3,406,322$1,762,337$1,425,088$3,067,291
65$3,673,962$1,768,886$1,393,023$3,259,686
66$3,966,387$1,773,242$1,357,370$3,469,162
67$4,286,046$1,775,218$1,317,929$3,697,434
68$4,635,635$1,774,617$1,274,492$3,946,391
69$5,018,124$1,771,227$1,226,842$4,218,118
70$5,436,780$1,764,825$1,174,749$4,514,910
71$5,895,204$1,755,174$1,117,975$4,839,304
72$6,397,359$1,742,022$1,056,272$5,194,092
73$6,947,611$1,725,102$989,378$5,582,357
74$7,550,766$1,704,131$917,021$6,007,495
75$8,212,120$1,678,809$838,917$6,473,254
76$8,937,504$1,648,818$754,769$6,983,764
77$9,733,342$1,613,822$664,265$7,543,583
78$10,606,707$1,573,464$567,083$8,157,732
79$11,565,394$1,527,367$462,883$8,831,751
80$12,617,985$1,475,129$351,311$9,571,749
81$13,773,939$1,416,329$231,999$10,384,458
82$15,043,670$1,350,519$104,560$11,277,306
83$16,438,655$1,277,225$0$12,258,479
84$17,971,535$1,195,946$0$13,341,029
85$19,656,237$1,106,153$0$14,545,435
86$21,508,104$1,007,286$0$15,869,322
87$23,544,041$898,752$0$17,324,850
88$25,782,669$779,927$0$18,925,418
89$28,244,506$650,149$0$20,685,797
90$30,952,160$508,720$0$22,622,267
91$33,930,536$354,903$0$24,752,772
92$37,207,075$187,918$0$27,097,092
93$40,812,014$6,943$0$29,677,028
94$44,778,666$0$0$32,516,607
95$49,143,737$0$0$35,688,045
96$53,947,670$0$0$39,180,304
97$59,235,031$0$0$43,024,114
98$65,054,920$0$0$47,255,186
99$71,461,442$0$0$51,912,870
100$78,514,213$0$0$57,040,524