Can I retire at age 54 with 1,550,000?

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 $1,550,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.9%
1 years$127,998$126,857$125,745$124,659$123,599$121,602
2 years$63,365$62,185$61,041$59,932$58,857$56,850
3 years$41,824$40,639$39,498$38,399$37,341$35,387
4 years$31,055$29,874$28,744$27,664$26,632$24,746
5 years$24,596$23,421$22,307$21,249$20,245$18,433
6 years$20,291$19,125$18,027$16,993$16,019$14,283
7 years$17,217$16,061$14,981$13,971$13,028$11,367
8 years$14,913$13,768$12,705$11,720$10,808$9,223
9 years$13,122$11,987$10,943$9,983$9,102$7,592
10 years$11,690$10,566$9,540$8,605$7,755$6,319
11 years$10,519$9,406$8,399$7,489$6,670$5,306
12 years$9,543$8,443$7,454$6,569$5,780$4,487
13 years$8,719$7,630$6,659$5,799$5,040$3,815
14 years$8,013$6,935$5,984$5,148$4,418$3,260
15 years$7,402$6,335$5,402$4,591$3,890$2,796
16 years$6,867$5,813$4,898$4,111$3,438$2,406
17 years$6,396$5,353$4,457$3,694$3,048$2,077
18 years$5,978$4,947$4,069$3,329$2,711$1,796
19 years$5,604$4,584$3,725$3,008$2,416$1,557
20 years$5,268$4,260$3,418$2,724$2,158$1,352
21 years$4,964$3,968$3,144$2,472$1,931$1,175
22 years$4,689$3,704$2,898$2,248$1,731$1,023
23 years$4,437$3,464$2,676$2,047$1,554$892
24 years$4,207$3,246$2,475$1,867$1,397$778
25 years$3,996$3,046$2,292$1,705$1,257$679
26 years$3,801$2,863$2,126$1,559$1,132$593
27 years$3,621$2,694$1,974$1,427$1,021$519
28 years$3,455$2,539$1,835$1,308$921$454
29 years$3,300$2,395$1,708$1,199$832$397
30 years$3,155$2,262$1,591$1,100$751$348
31 years$3,020$2,138$1,483$1,011$679$304
32 years$2,894$2,023$1,383$929$615$267
33 years$2,776$1,916$1,292$854$556$234
34 years$2,665$1,816$1,207$786$504$205
35 years$2,560$1,722$1,128$723$456$180
36 years$2,462$1,635$1,056$666$413$157
37 years$2,369$1,553$988$614$374$138
38 years$2,281$1,476$925$566$340$121
39 years$2,198$1,403$867$522$308$106
40 years$2,119$1,335$813$481$279$93
41 years$2,044$1,271$762$444$253$82
42 years$1,973$1,210$715$410$230$72
43 years$1,906$1,153$671$378$209$63
44 years$1,842$1,099$629$349$189$55
45 years$1,780$1,048$591$323$172$48
46 years$1,722$1,000$555$298$156$43
47 years$1,666$954$522$275$142$37
48 years$1,613$911$490$254$129$33
49 years$1,562$870$461$235$117$29
50 years$1,513$831$433$217$106$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $1,550,000, adding $6,038 every year, while hoping to spend $20,788 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: 35/36/29 Blend
53$1,550,000$1,550,000$1,550,000$1,550,000
54$1,714,328$1,632,178$1,608,153$1,759,187
55$1,867,071$1,690,037$1,639,908$1,851,255
56$2,034,698$1,750,033$1,672,030$1,948,237
57$2,218,703$1,812,251$1,704,509$2,052,483
58$2,420,736$1,876,777$1,737,335$2,164,660
59$2,642,611$1,943,699$1,770,496$2,285,497
60$2,886,329$2,013,112$1,803,980$2,415,797
61$3,154,093$2,085,113$1,837,771$2,556,443
62$3,448,329$2,159,802$1,871,855$2,708,404
63$3,771,712$2,237,285$1,906,215$2,872,746
64$4,127,187$2,317,672$1,940,834$3,050,643
65$4,517,999$2,401,078$1,975,691$3,243,381
66$4,947,724$2,487,619$2,010,766$3,452,380
67$5,420,301$2,577,422$2,046,035$3,679,199
68$5,940,070$2,670,614$2,081,476$3,925,552
69$6,511,812$2,767,329$2,117,061$4,193,328
70$7,140,797$2,867,709$2,152,762$4,484,603
71$7,832,829$2,971,897$2,188,550$4,801,661
72$8,594,304$3,080,046$2,224,393$5,147,018
73$9,432,269$3,192,314$2,260,256$5,523,441
74$10,354,488$3,308,865$2,296,103$5,933,977
75$11,369,518$3,429,872$2,331,894$6,381,977
76$12,486,786$3,555,512$2,367,589$6,871,134
77$13,716,678$3,685,973$2,403,144$7,405,511
78$15,070,641$3,821,447$2,438,511$7,989,582
79$16,561,286$3,962,138$2,473,641$8,628,273
80$18,202,511$4,108,256$2,508,482$9,327,008
81$20,009,628$4,260,022$2,542,976$10,091,760
82$21,999,510$4,417,663$2,577,066$10,929,105
83$24,190,750$4,581,419$2,610,688$11,846,285
84$26,603,837$4,751,538$2,643,776$12,851,278
85$29,261,346$4,928,281$2,676,260$13,952,869
86$32,188,154$5,111,917$2,708,066$15,160,731
87$35,411,674$5,302,730$2,739,115$16,485,522
88$38,962,113$5,501,013$2,769,324$17,938,979
89$42,872,759$5,707,072$2,798,606$19,534,030
90$47,180,291$5,921,229$2,826,870$21,284,916
91$51,925,127$6,143,816$2,854,017$23,207,324
92$57,151,810$6,375,183$2,879,946$25,318,534
93$62,909,418$6,615,691$2,904,548$27,637,581
94$69,252,039$6,865,720$2,927,711$30,185,436
95$76,239,272$7,125,665$2,949,314$32,985,199
96$83,936,794$7,395,938$2,969,232$36,062,321
97$92,416,978$7,676,970$2,987,332$39,444,838
98$101,759,577$7,969,210$3,003,476$43,163,640
99$112,052,478$8,273,125$3,017,516$47,252,758
100$123,392,528$8,589,205$3,029,300$51,749,683