Can I retire at age 54 with 1,540,000?

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 $1,540,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11%
1 years$127,172$126,039$124,934$123,855$122,802$122,284
2 years$62,956$61,784$60,647$59,546$58,477$57,955
3 years$41,554$40,376$39,243$38,152$37,100$36,589
4 years$30,855$29,681$28,559$27,486$26,460$25,964
5 years$24,437$23,270$22,163$21,112$20,115$19,635
6 years$20,160$19,002$17,911$16,883$15,916$15,454
7 years$17,106$15,958$14,884$13,881$12,944$12,499
8 years$14,817$13,679$12,623$11,644$10,738$10,311
9 years$13,037$11,910$10,872$9,918$9,043$8,633
10 years$11,614$10,498$9,478$8,550$7,705$7,313
11 years$10,451$9,346$8,345$7,441$6,627$6,251
12 years$9,482$8,388$7,406$6,527$5,743$5,384
13 years$8,663$7,580$6,617$5,762$5,008$4,665
14 years$7,961$6,890$5,945$5,115$4,390$4,063
15 years$7,354$6,295$5,368$4,562$3,865$3,554
16 years$6,823$5,775$4,866$4,084$3,416$3,120
17 years$6,355$5,319$4,428$3,670$3,029$2,748
18 years$5,939$4,915$4,042$3,307$2,693$2,426
19 years$5,568$4,555$3,701$2,988$2,400$2,148
20 years$5,234$4,233$3,396$2,707$2,144$1,905
21 years$4,932$3,943$3,124$2,456$1,919$1,692
22 years$4,658$3,680$2,879$2,233$1,720$1,506
23 years$4,409$3,442$2,658$2,034$1,544$1,342
24 years$4,180$3,225$2,459$1,855$1,388$1,197
25 years$3,970$3,026$2,277$1,694$1,249$1,069
26 years$3,777$2,844$2,112$1,549$1,125$955
27 years$3,598$2,677$1,961$1,418$1,014$855
28 years$3,432$2,522$1,823$1,299$915$765
29 years$3,278$2,380$1,697$1,191$826$685
30 years$3,135$2,247$1,580$1,093$747$614
31 years$3,001$2,124$1,473$1,004$675$551
32 years$2,875$2,010$1,375$923$611$494
33 years$2,758$1,904$1,283$849$553$444
34 years$2,648$1,804$1,199$781$500$399
35 years$2,544$1,711$1,121$719$453$358
36 years$2,446$1,624$1,049$662$411$322
37 years$2,354$1,543$982$610$372$289
38 years$2,266$1,466$919$562$337$260
39 years$2,184$1,394$861$518$306$234
40 years$2,105$1,326$807$478$277$210
41 years$2,031$1,263$757$441$252$189
42 years$1,961$1,202$710$407$228$170
43 years$1,894$1,146$666$376$207$153
44 years$1,830$1,092$625$347$188$138
45 years$1,769$1,041$587$320$171$124
46 years$1,711$993$552$296$155$112
47 years$1,656$948$518$273$141$100
48 years$1,603$905$487$253$128$90
49 years$1,552$864$458$234$116$81
50 years$1,504$826$430$216$106$73

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $1,540,000, adding $2,987 every year, while hoping to spend $52,868 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: 44/43/13 Blend
53$1,540,000$1,540,000$1,540,000$1,540,000
54$1,700,161$1,618,541$1,594,671$1,768,485
55$1,817,326$1,641,598$1,591,841$1,839,488
56$1,944,671$1,664,014$1,587,145$1,910,839
57$2,083,176$1,685,700$1,580,464$1,987,010
58$2,233,924$1,706,563$1,571,673$2,068,467
59$2,398,104$1,726,504$1,560,643$2,155,724
60$2,577,023$1,745,416$1,547,238$2,249,349
61$2,772,124$1,763,185$1,531,315$2,349,971
62$2,984,991$1,779,691$1,512,724$2,458,283
63$3,217,368$1,794,804$1,491,308$2,575,053
64$3,471,177$1,808,387$1,466,905$2,701,127
65$3,748,532$1,820,293$1,439,341$2,837,443
66$4,051,761$1,830,366$1,408,438$2,985,034
67$4,383,427$1,838,441$1,374,007$3,145,044
68$4,746,352$1,844,340$1,335,852$3,318,735
69$5,143,644$1,847,876$1,293,766$3,507,501
70$5,578,724$1,848,851$1,247,536$3,712,883
71$6,055,361$1,847,051$1,196,936$3,936,583
72$6,577,705$1,842,254$1,141,730$4,180,480
73$7,150,325$1,834,219$1,081,672$4,446,650
74$7,778,256$1,822,693$1,016,506$4,737,385
75$8,467,042$1,807,409$945,963$5,055,216
76$9,222,789$1,788,081$869,762$5,402,938
77$10,052,224$1,764,407$787,609$5,783,637
78$10,962,756$1,736,068$699,199$6,200,721
79$11,962,546$1,702,724$604,211$6,657,951
80$13,060,584$1,664,017$502,310$7,159,479
81$14,266,775$1,619,565$393,149$7,709,890
82$15,592,029$1,568,966$276,362$8,314,244
83$17,048,365$1,511,795$151,570$8,978,125
84$18,649,025$1,447,599$18,374$9,707,697
85$20,408,596$1,375,902$0$10,509,764
86$22,343,151$1,296,199$0$11,409,000
87$24,470,396$1,207,957$0$12,400,359
88$26,809,839$1,110,610$0$13,490,492
89$29,382,975$1,003,562$0$14,689,552
90$32,213,485$886,183$0$16,008,738
91$35,327,460$757,806$0$17,460,399
92$38,753,650$617,727$0$19,058,157
93$42,523,728$465,201$0$20,817,035
94$46,672,596$299,444$0$22,753,602
95$51,238,709$119,625$0$24,886,127
96$56,264,439$0$0$27,234,762
97$61,796,475$0$0$29,857,277
98$67,886,259$0$0$32,806,734
99$74,590,478$0$0$36,054,012
100$81,971,591$0$0$39,629,393