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%18.2%
1 years$129,649$128,494$127,368$126,268$125,194$121,041
2 years$64,183$62,987$61,829$60,706$59,616$55,473
3 years$42,363$41,163$40,007$38,895$37,823$33,819
4 years$31,456$30,259$29,115$28,021$26,976$23,141
5 years$24,913$23,724$22,595$21,523$20,506$16,852
6 years$20,553$19,372$18,260$17,212$16,226$12,755
7 years$17,439$16,269$15,174$14,151$13,196$9,908
8 years$15,105$13,945$12,869$11,871$10,947$7,839
9 years$13,291$12,142$11,084$10,111$9,219$6,288
10 years$11,840$10,702$9,663$8,716$7,855$5,096
11 years$10,654$9,528$8,507$7,586$6,756$4,163
12 years$9,667$8,552$7,550$6,654$5,854$3,422
13 years$8,831$7,728$6,745$5,874$5,105$2,828
14 years$8,116$7,025$6,061$5,214$4,475$2,346
15 years$7,497$6,417$5,472$4,650$3,940$1,953
16 years$6,956$5,888$4,961$4,164$3,482$1,630
17 years$6,479$5,422$4,515$3,741$3,088$1,363
18 years$6,055$5,010$4,121$3,372$2,746$1,142
19 years$5,676$4,644$3,773$3,047$2,447$959
20 years$5,336$4,315$3,462$2,759$2,186$806
21 years$5,028$4,019$3,185$2,504$1,956$678
22 years$4,749$3,752$2,935$2,277$1,753$571
23 years$4,495$3,509$2,710$2,074$1,574$481
24 years$4,262$3,288$2,506$1,891$1,415$406
25 years$4,048$3,085$2,321$1,727$1,273$342
26 years$3,850$2,900$2,153$1,579$1,147$289
27 years$3,668$2,729$1,999$1,446$1,034$244
28 years$3,499$2,572$1,859$1,324$933$206
29 years$3,342$2,426$1,730$1,215$842$174
30 years$3,196$2,291$1,611$1,115$761$147
31 years$3,059$2,166$1,502$1,024$688$124
32 years$2,931$2,049$1,401$941$622$105
33 years$2,812$1,941$1,308$865$563$89
34 years$2,699$1,839$1,223$796$510$75
35 years$2,593$1,745$1,143$733$462$63
36 years$2,494$1,656$1,069$675$419$54
37 years$2,399$1,573$1,001$622$379$45
38 years$2,310$1,495$937$573$344$38
39 years$2,226$1,421$878$528$312$32
40 years$2,146$1,352$823$487$283$27
41 years$2,071$1,287$772$450$257$23
42 years$1,999$1,226$724$415$233$20
43 years$1,930$1,168$679$383$211$17
44 years$1,865$1,113$638$354$192$14
45 years$1,803$1,062$599$327$174$12
46 years$1,744$1,013$562$302$158$10
47 years$1,688$967$528$279$144$9
48 years$1,634$923$496$258$130$7
49 years$1,582$881$467$238$118$6
50 years$1,533$842$439$220$108$5

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 $5,028 every year, while hoping to spend $29,018 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: 52/18/30 Blend
53$1,570,000$1,570,000$1,570,000$1,570,000
54$1,735,326$1,652,116$1,627,781$1,810,685
55$1,881,455$1,702,195$1,651,437$1,913,806
56$2,041,516$1,753,755$1,674,913$2,022,611
57$2,216,900$1,806,839$1,698,172$2,140,420
58$2,409,138$1,861,488$1,721,175$2,268,106
59$2,619,917$1,917,748$1,743,881$2,406,630
60$2,851,095$1,975,664$1,766,248$2,557,054
61$3,104,717$2,035,282$1,788,227$2,720,543
62$3,383,037$2,096,650$1,809,772$2,898,383
63$3,688,537$2,159,816$1,830,830$3,091,990
64$4,023,952$2,224,831$1,851,347$3,302,923
65$4,392,294$2,291,746$1,871,265$3,532,901
66$4,796,880$2,360,614$1,890,525$3,783,815
67$5,241,366$2,431,489$1,909,062$4,057,752
68$5,729,778$2,504,425$1,926,808$4,357,007
69$6,266,553$2,579,479$1,943,694$4,684,113
70$6,856,578$2,656,710$1,959,644$5,041,857
71$7,505,237$2,736,176$1,974,580$5,433,311
72$8,218,461$2,817,939$1,988,419$5,861,861
73$9,002,786$2,902,061$2,001,073$6,331,237
74$9,865,414$2,988,605$2,012,452$6,845,548
75$10,814,275$3,077,636$2,022,459$7,409,323
76$11,858,113$3,169,221$2,030,992$8,027,553
77$13,006,556$3,263,429$2,037,946$8,705,735
78$14,270,216$3,360,328$2,043,209$9,449,930
79$15,660,785$3,459,991$2,046,663$10,266,813
80$17,191,145$3,562,490$2,048,186$11,163,744
81$18,875,489$3,667,900$2,047,648$12,148,829
82$20,729,459$3,776,297$2,044,914$13,231,004
83$22,770,286$3,887,758$2,039,841$14,420,115
84$25,016,960$4,002,363$2,032,281$15,727,011
85$27,490,404$4,120,193$2,022,076$17,163,650
86$30,213,674$4,241,331$2,009,064$18,743,209
87$33,212,173$4,365,860$1,993,072$20,480,207
88$36,513,895$4,493,868$1,973,921$22,390,647
89$40,149,687$4,625,442$1,951,422$24,492,164
90$44,153,538$4,760,671$1,925,377$26,804,190
91$48,562,901$4,899,647$1,895,580$29,348,142
92$53,419,050$5,042,462$1,861,814$32,147,620
93$58,767,461$5,189,212$1,823,854$35,228,634
94$64,658,251$5,339,991$1,781,461$38,619,845
95$71,146,640$5,494,899$1,734,388$42,352,841
96$78,293,483$5,654,035$1,682,376$46,462,431
97$86,165,836$5,817,499$1,625,152$50,986,977
98$94,837,590$5,985,396$1,562,434$55,968,753
99$104,390,172$6,157,829$1,493,924$61,454,347
100$114,913,312$6,334,904$1,419,312$67,495,102