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%13.6%
1 years$127,172$126,039$124,934$123,855$122,802$120,967
2 years$62,956$61,784$60,647$59,546$58,477$56,632
3 years$41,554$40,376$39,243$38,152$37,100$35,303
4 years$30,855$29,681$28,559$27,486$26,460$24,725
5 years$24,437$23,270$22,163$21,112$20,115$18,446
6 years$20,160$19,002$17,911$16,883$15,916$14,316
7 years$17,106$15,958$14,884$13,881$12,944$11,413
8 years$14,817$13,679$12,623$11,644$10,738$9,276
9 years$13,037$11,910$10,872$9,918$9,043$7,649
10 years$11,614$10,498$9,478$8,550$7,705$6,379
11 years$10,451$9,346$8,345$7,441$6,627$5,366
12 years$9,482$8,388$7,406$6,527$5,743$4,546
13 years$8,663$7,580$6,617$5,762$5,008$3,874
14 years$7,961$6,890$5,945$5,115$4,390$3,316
15 years$7,354$6,295$5,368$4,562$3,865$2,851
16 years$6,823$5,775$4,866$4,084$3,416$2,458
17 years$6,355$5,319$4,428$3,670$3,029$2,126
18 years$5,939$4,915$4,042$3,307$2,693$1,843
19 years$5,568$4,555$3,701$2,988$2,400$1,601
20 years$5,234$4,233$3,396$2,707$2,144$1,393
21 years$4,932$3,943$3,124$2,456$1,919$1,214
22 years$4,658$3,680$2,879$2,233$1,720$1,059
23 years$4,409$3,442$2,658$2,034$1,544$925
24 years$4,180$3,225$2,459$1,855$1,388$809
25 years$3,970$3,026$2,277$1,694$1,249$708
26 years$3,777$2,844$2,112$1,549$1,125$620
27 years$3,598$2,677$1,961$1,418$1,014$543
28 years$3,432$2,522$1,823$1,299$915$476
29 years$3,278$2,380$1,697$1,191$826$418
30 years$3,135$2,247$1,580$1,093$747$367
31 years$3,001$2,124$1,473$1,004$675$322
32 years$2,875$2,010$1,375$923$611$283
33 years$2,758$1,904$1,283$849$553$248
34 years$2,648$1,804$1,199$781$500$218
35 years$2,544$1,711$1,121$719$453$192
36 years$2,446$1,624$1,049$662$411$169
37 years$2,354$1,543$982$610$372$148
38 years$2,266$1,466$919$562$337$130
39 years$2,184$1,394$861$518$306$115
40 years$2,105$1,326$807$478$277$101
41 years$2,031$1,263$757$441$252$89
42 years$1,961$1,202$710$407$228$78
43 years$1,894$1,146$666$376$207$69
44 years$1,830$1,092$625$347$188$60
45 years$1,769$1,041$587$320$171$53
46 years$1,711$993$552$296$155$47
47 years$1,656$948$518$273$141$41
48 years$1,603$905$487$253$128$36
49 years$1,552$864$458$234$116$32
50 years$1,504$826$430$216$106$28

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 $4,975 every year, while hoping to spend $37,111 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: 42/35/23 Blend
53$1,540,000$1,540,000$1,540,000$1,540,000
54$1,702,212$1,620,592$1,596,722$1,762,053
55$1,836,351$1,660,515$1,610,726$1,845,146
56$1,982,930$1,701,151$1,623,956$1,931,136
57$2,143,176$1,742,494$1,636,346$2,023,516
58$2,318,444$1,784,540$1,647,827$2,122,893
59$2,510,224$1,827,282$1,658,328$2,229,938
60$2,720,158$1,870,710$1,667,773$2,345,388
61$2,950,052$1,914,813$1,676,082$2,470,058
62$3,201,898$1,959,579$1,683,171$2,604,845
63$3,477,886$2,004,993$1,688,952$2,750,736
64$3,780,431$2,051,038$1,693,333$2,908,821
65$4,112,192$2,097,696$1,696,216$3,080,300
66$4,476,096$2,144,943$1,697,499$3,266,496
67$4,875,368$2,192,756$1,697,077$3,468,868
68$5,313,562$2,241,108$1,694,835$3,689,023
69$5,794,591$2,289,967$1,690,657$3,928,734
70$6,322,764$2,339,300$1,684,419$4,189,953
71$6,902,830$2,389,070$1,675,991$4,474,834
72$7,540,020$2,439,235$1,665,238$4,785,752
73$8,240,095$2,489,752$1,652,017$5,125,322
74$9,009,405$2,540,570$1,636,180$5,496,430
75$9,854,943$2,591,636$1,617,570$5,902,256
76$10,784,412$2,642,891$1,596,024$6,346,305
77$11,806,302$2,694,273$1,571,370$6,832,442
78$12,929,964$2,745,711$1,543,430$7,364,928
79$14,165,701$2,797,131$1,512,016$7,948,460
80$15,524,864$2,848,453$1,476,930$8,588,215
81$17,019,962$2,899,589$1,437,969$9,289,903
82$18,664,774$2,950,444$1,394,917$10,059,814
83$20,474,483$3,000,918$1,347,549$10,904,886
84$22,465,818$3,050,901$1,295,630$11,832,766
85$24,657,212$3,100,276$1,238,914$12,851,884
86$27,068,975$3,148,917$1,177,144$13,971,533
87$29,723,484$3,196,687$1,110,052$15,201,957
88$32,645,398$3,243,443$1,037,357$16,554,450
89$35,861,885$3,289,029$958,766$18,041,458
90$39,402,884$3,333,278$873,971$19,676,706
91$43,301,382$3,376,012$782,653$21,475,319
92$47,593,728$3,417,042$684,477$23,453,973
93$52,319,975$3,456,164$579,093$25,631,047
94$57,524,257$3,493,161$466,138$28,026,804
95$63,255,207$3,527,801$345,229$30,663,577
96$69,566,413$3,559,838$215,969$33,565,983
97$76,516,926$3,589,009$77,943$36,761,160
98$84,171,816$3,615,034$0$40,279,018
99$92,602,785$3,637,614$0$44,169,547
100$101,888,844$3,656,432$0$48,473,588