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%11.2%
1 years$127,172$126,039$124,934$123,855$122,802$122,182
2 years$62,956$61,784$60,647$59,546$58,477$57,851
3 years$41,554$40,376$39,243$38,152$37,100$36,488
4 years$30,855$29,681$28,559$27,486$26,460$25,866
5 years$24,437$23,270$22,163$21,112$20,115$19,541
6 years$20,160$19,002$17,911$16,883$15,916$15,363
7 years$17,106$15,958$14,884$13,881$12,944$12,412
8 years$14,817$13,679$12,623$11,644$10,738$10,228
9 years$13,037$11,910$10,872$9,918$9,043$8,554
10 years$11,614$10,498$9,478$8,550$7,705$7,237
11 years$10,451$9,346$8,345$7,441$6,627$6,179
12 years$9,482$8,388$7,406$6,527$5,743$5,315
13 years$8,663$7,580$6,617$5,762$5,008$4,599
14 years$7,961$6,890$5,945$5,115$4,390$4,001
15 years$7,354$6,295$5,368$4,562$3,865$3,495
16 years$6,823$5,775$4,866$4,084$3,416$3,064
17 years$6,355$5,319$4,428$3,670$3,029$2,695
18 years$5,939$4,915$4,042$3,307$2,693$2,376
19 years$5,568$4,555$3,701$2,988$2,400$2,100
20 years$5,234$4,233$3,396$2,707$2,144$1,860
21 years$4,932$3,943$3,124$2,456$1,919$1,650
22 years$4,658$3,680$2,879$2,233$1,720$1,466
23 years$4,409$3,442$2,658$2,034$1,544$1,304
24 years$4,180$3,225$2,459$1,855$1,388$1,162
25 years$3,970$3,026$2,277$1,694$1,249$1,036
26 years$3,777$2,844$2,112$1,549$1,125$924
27 years$3,598$2,677$1,961$1,418$1,014$826
28 years$3,432$2,522$1,823$1,299$915$738
29 years$3,278$2,380$1,697$1,191$826$660
30 years$3,135$2,247$1,580$1,093$747$591
31 years$3,001$2,124$1,473$1,004$675$529
32 years$2,875$2,010$1,375$923$611$474
33 years$2,758$1,904$1,283$849$553$425
34 years$2,648$1,804$1,199$781$500$381
35 years$2,544$1,711$1,121$719$453$341
36 years$2,446$1,624$1,049$662$411$306
37 years$2,354$1,543$982$610$372$275
38 years$2,266$1,466$919$562$337$247
39 years$2,184$1,394$861$518$306$221
40 years$2,105$1,326$807$478$277$199
41 years$2,031$1,263$757$441$252$178
42 years$1,961$1,202$710$407$228$160
43 years$1,894$1,146$666$376$207$144
44 years$1,830$1,092$625$347$188$129
45 years$1,769$1,041$587$320$171$116
46 years$1,711$993$552$296$155$104
47 years$1,656$948$518$273$141$94
48 years$1,603$905$487$253$128$84
49 years$1,552$864$458$234$116$76
50 years$1,504$826$430$216$106$68

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 $6,600 every year, while hoping to spend $55,780 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: 44/31/25 Blend
53$1,540,000$1,540,000$1,540,000$1,540,000
54$1,703,888$1,622,268$1,598,398$1,766,247
55$1,818,335$1,642,410$1,592,595$1,831,318
56$1,942,586$1,661,669$1,584,728$1,895,923
57$2,077,583$1,679,943$1,574,669$1,964,856
58$2,224,359$1,697,124$1,562,284$2,038,548
59$2,384,056$1,713,094$1,547,432$2,117,478
60$2,557,925$1,727,731$1,529,966$2,202,176
61$2,747,345$1,740,902$1,509,732$2,293,227
62$2,953,835$1,752,467$1,486,568$2,391,279
63$3,179,063$1,762,275$1,460,306$2,497,051
64$3,424,869$1,770,168$1,430,767$2,611,336
65$3,693,276$1,775,976$1,397,768$2,735,013
66$3,986,511$1,779,520$1,361,114$2,869,053
67$4,307,026$1,780,607$1,320,603$3,014,531
68$4,657,521$1,779,036$1,276,021$3,172,635
69$5,040,969$1,774,590$1,227,149$3,344,679
70$5,460,643$1,767,039$1,173,753$3,532,117
71$5,920,147$1,756,142$1,115,592$3,736,554
72$6,423,449$1,741,640$1,052,412$3,959,765
73$6,974,920$1,723,261$983,947$4,203,713
74$7,579,375$1,700,713$909,922$4,470,566
75$8,242,114$1,673,690$830,047$4,762,720
76$8,968,976$1,641,868$744,020$5,082,823
77$9,766,392$1,604,900$651,525$5,433,800
78$10,641,445$1,562,422$552,233$5,818,881
79$11,601,939$1,514,047$445,800$6,241,636
80$12,656,468$1,459,366$331,865$6,706,006
81$13,814,500$1,397,947$210,054$7,216,344
82$15,086,464$1,329,331$79,976$7,777,458
83$16,483,848$1,253,034$0$8,394,656
84$18,019,311$1,168,543$0$9,089,493
85$19,706,796$1,075,316$0$9,876,531
86$21,561,663$972,781$0$10,741,676
87$23,600,838$860,332$0$11,692,935
88$25,842,965$737,330$0$12,739,140
89$28,308,586$603,098$0$13,890,032
90$31,020,334$456,922$0$15,156,350
91$34,003,145$298,048$0$16,549,940
92$37,284,493$125,679$0$18,083,863
93$40,894,648$0$0$19,772,522
94$44,866,965$0$0$21,652,617
95$49,238,191$0$0$23,768,909
96$54,048,818$0$0$26,098,157
97$59,343,462$0$0$28,661,989
98$65,171,282$0$0$31,484,239
99$71,586,445$0$0$34,591,169
100$78,648,638$0$0$38,011,716