Can I retire at age 54 with 1,570,000?

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 $1,570,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.4%
1 years$129,649$128,494$127,368$126,268$125,194$122,918
2 years$64,183$62,987$61,829$60,706$59,616$57,331
3 years$42,363$41,163$40,007$38,895$37,823$35,600
4 years$31,456$30,259$29,115$28,021$26,976$24,832
5 years$24,913$23,724$22,595$21,523$20,506$18,449
6 years$20,553$19,372$18,260$17,212$16,226$14,256
7 years$17,439$16,269$15,174$14,151$13,196$11,314
8 years$15,105$13,945$12,869$11,871$10,947$9,154
9 years$13,291$12,142$11,084$10,111$9,219$7,512
10 years$11,840$10,702$9,663$8,716$7,855$6,234
11 years$10,654$9,528$8,507$7,586$6,756$5,218
12 years$9,667$8,552$7,550$6,654$5,854$4,398
13 years$8,831$7,728$6,745$5,874$5,105$3,728
14 years$8,116$7,025$6,061$5,214$4,475$3,174
15 years$7,497$6,417$5,472$4,650$3,940$2,714
16 years$6,956$5,888$4,961$4,164$3,482$2,327
17 years$6,479$5,422$4,515$3,741$3,088$2,001
18 years$6,055$5,010$4,121$3,372$2,746$1,725
19 years$5,676$4,644$3,773$3,047$2,447$1,489
20 years$5,336$4,315$3,462$2,759$2,186$1,288
21 years$5,028$4,019$3,185$2,504$1,956$1,116
22 years$4,749$3,752$2,935$2,277$1,753$968
23 years$4,495$3,509$2,710$2,074$1,574$840
24 years$4,262$3,288$2,506$1,891$1,415$730
25 years$4,048$3,085$2,321$1,727$1,273$635
26 years$3,850$2,900$2,153$1,579$1,147$552
27 years$3,668$2,729$1,999$1,446$1,034$481
28 years$3,499$2,572$1,859$1,324$933$419
29 years$3,342$2,426$1,730$1,215$842$365
30 years$3,196$2,291$1,611$1,115$761$318
31 years$3,059$2,166$1,502$1,024$688$278
32 years$2,931$2,049$1,401$941$622$242
33 years$2,812$1,941$1,308$865$563$211
34 years$2,699$1,839$1,223$796$510$184
35 years$2,593$1,745$1,143$733$462$161
36 years$2,494$1,656$1,069$675$419$141
37 years$2,399$1,573$1,001$622$379$123
38 years$2,310$1,495$937$573$344$107
39 years$2,226$1,421$878$528$312$94
40 years$2,146$1,352$823$487$283$82
41 years$2,071$1,287$772$450$257$71
42 years$1,999$1,226$724$415$233$62
43 years$1,930$1,168$679$383$211$55
44 years$1,865$1,113$638$354$192$48
45 years$1,803$1,062$599$327$174$42
46 years$1,744$1,013$562$302$158$36
47 years$1,688$967$528$279$144$32
48 years$1,634$923$496$258$130$28
49 years$1,582$881$467$238$118$24
50 years$1,533$842$439$220$108$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $1,570,000, adding $6,498 every year, while hoping to spend $25,074 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: 65/15/20 Blend
53$1,570,000$1,570,000$1,570,000$1,570,000
54$1,736,843$1,653,633$1,629,298$1,840,537
55$1,887,322$1,707,982$1,657,201$1,965,327
56$2,052,310$1,764,154$1,685,198$2,098,201
57$2,233,260$1,822,212$1,713,266$2,242,822
58$2,431,772$1,882,221$1,741,381$2,400,342
59$2,649,611$1,944,247$1,769,515$2,572,029
60$2,888,718$2,008,362$1,797,640$2,759,280
61$3,151,232$2,074,637$1,825,726$2,963,631
62$3,439,511$2,143,147$1,853,741$3,186,777
63$3,756,149$2,213,969$1,881,650$3,430,582
64$4,104,008$2,287,186$1,909,416$3,697,100
65$4,486,238$2,362,878$1,937,003$3,988,592
66$4,906,309$2,441,134$1,964,367$4,307,551
67$5,368,045$2,522,042$1,991,466$4,656,720
68$5,875,659$2,605,696$2,018,254$5,039,122
69$6,433,792$2,692,191$2,044,681$5,458,086
70$7,047,557$2,781,626$2,070,696$5,917,280
71$7,722,588$2,874,106$2,096,245$6,420,745
72$8,465,092$2,969,738$2,121,269$6,972,932
73$9,281,908$3,068,631$2,145,707$7,578,743
74$10,180,570$3,170,901$2,169,496$8,243,582
75$11,169,380$3,276,668$2,192,567$8,973,400
76$12,257,487$3,386,055$2,214,848$9,774,754
77$13,454,969$3,499,189$2,236,263$10,654,868
78$14,772,931$3,616,205$2,256,733$11,621,702
79$16,223,610$3,737,240$2,276,174$12,684,024
80$17,820,490$3,862,436$2,294,498$13,851,498
81$19,578,427$3,991,942$2,311,610$15,134,770
82$21,513,791$4,125,911$2,327,413$16,545,569
83$23,644,620$4,264,504$2,341,805$18,096,821
84$25,990,792$4,407,885$2,354,675$19,802,765
85$28,574,207$4,556,226$2,365,911$21,679,096
86$31,419,000$4,709,704$2,375,393$23,743,102
87$34,551,763$4,868,506$2,382,994$26,013,836
88$38,001,802$5,032,821$2,388,583$28,512,290
89$41,801,405$5,202,849$2,392,021$31,261,599
90$45,986,156$5,378,796$2,393,161$34,287,251
91$50,595,264$5,560,877$2,391,851$37,617,334
92$55,671,933$5,749,312$2,387,931$41,282,799
93$61,263,776$5,944,334$2,381,232$45,317,750
94$67,423,255$6,146,181$2,371,577$49,759,770
95$74,208,185$6,355,101$2,358,783$54,650,270
96$81,682,271$6,571,353$2,342,654$60,034,885
97$89,915,718$6,795,203$2,322,987$65,963,901
98$98,985,884$7,026,931$2,299,570$72,492,732
99$108,978,018$7,266,825$2,272,180$79,682,439
100$119,986,060$7,515,184$2,240,583$87,600,313