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%15.4%
1 years$129,649$128,494$127,368$126,268$125,194$122,416
2 years$64,183$62,987$61,829$60,706$59,616$56,832
3 years$42,363$41,163$40,007$38,895$37,823$35,119
4 years$31,456$30,259$29,115$28,021$26,976$24,373
5 years$24,913$23,724$22,595$21,523$20,506$18,013
6 years$20,553$19,372$18,260$17,212$16,226$13,844
7 years$17,439$16,269$15,174$14,151$13,196$10,926
8 years$15,105$13,945$12,869$11,871$10,947$8,788
9 years$13,291$12,142$11,084$10,111$9,219$7,169
10 years$11,840$10,702$9,663$8,716$7,855$5,913
11 years$10,654$9,528$8,507$7,586$6,756$4,918
12 years$9,667$8,552$7,550$6,654$5,854$4,118
13 years$8,831$7,728$6,745$5,874$5,105$3,467
14 years$8,116$7,025$6,061$5,214$4,475$2,933
15 years$7,497$6,417$5,472$4,650$3,940$2,490
16 years$6,956$5,888$4,961$4,164$3,482$2,120
17 years$6,479$5,422$4,515$3,741$3,088$1,810
18 years$6,055$5,010$4,121$3,372$2,746$1,549
19 years$5,676$4,644$3,773$3,047$2,447$1,327
20 years$5,336$4,315$3,462$2,759$2,186$1,140
21 years$5,028$4,019$3,185$2,504$1,956$980
22 years$4,749$3,752$2,935$2,277$1,753$843
23 years$4,495$3,509$2,710$2,074$1,574$726
24 years$4,262$3,288$2,506$1,891$1,415$626
25 years$4,048$3,085$2,321$1,727$1,273$540
26 years$3,850$2,900$2,153$1,579$1,147$466
27 years$3,668$2,729$1,999$1,446$1,034$403
28 years$3,499$2,572$1,859$1,324$933$348
29 years$3,342$2,426$1,730$1,215$842$301
30 years$3,196$2,291$1,611$1,115$761$260
31 years$3,059$2,166$1,502$1,024$688$225
32 years$2,931$2,049$1,401$941$622$195
33 years$2,812$1,941$1,308$865$563$168
34 years$2,699$1,839$1,223$796$510$146
35 years$2,593$1,745$1,143$733$462$126
36 years$2,494$1,656$1,069$675$419$109
37 years$2,399$1,573$1,001$622$379$95
38 years$2,310$1,495$937$573$344$82
39 years$2,226$1,421$878$528$312$71
40 years$2,146$1,352$823$487$283$61
41 years$2,071$1,287$772$450$257$53
42 years$1,999$1,226$724$415$233$46
43 years$1,930$1,168$679$383$211$40
44 years$1,865$1,113$638$354$192$35
45 years$1,803$1,062$599$327$174$30
46 years$1,744$1,013$562$302$158$26
47 years$1,688$967$528$279$144$23
48 years$1,634$923$496$258$130$19
49 years$1,582$881$467$238$118$17
50 years$1,533$842$439$220$108$15

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 $3,279 every year, while hoping to spend $38,472 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: 48/32/20 Blend
53$1,570,000$1,570,000$1,570,000$1,570,000
54$1,733,522$1,650,312$1,625,977$1,806,789
55$1,869,408$1,690,244$1,639,514$1,898,031
56$2,017,864$1,730,842$1,652,214$1,992,903
57$2,180,133$1,772,100$1,664,010$2,095,119
58$2,357,581$1,814,008$1,674,829$2,205,384
59$2,551,714$1,856,554$1,684,595$2,324,474
60$2,764,188$1,899,725$1,693,229$2,453,245
61$2,996,830$1,943,505$1,700,646$2,592,640
62$3,251,647$1,987,878$1,706,759$2,743,698
63$3,530,854$2,032,823$1,711,474$2,907,563
64$3,836,888$2,078,318$1,714,695$3,085,498
65$4,172,432$2,124,337$1,716,319$3,278,893
66$4,540,444$2,170,853$1,716,239$3,489,279
67$4,944,179$2,217,835$1,714,343$3,718,347
68$5,387,224$2,265,248$1,710,513$3,967,958
69$5,873,531$2,313,055$1,704,625$4,240,163
70$6,407,450$2,361,213$1,696,548$4,537,223
71$6,993,775$2,409,678$1,686,148$4,861,632
72$7,637,788$2,458,400$1,673,282$5,216,135
73$8,345,306$2,507,325$1,657,800$5,603,763
74$9,122,737$2,556,394$1,639,546$6,027,852
75$9,977,141$2,605,543$1,618,357$6,492,082
76$10,916,298$2,654,702$1,594,059$7,000,508
77$11,948,775$2,703,797$1,566,475$7,557,602
78$13,084,013$2,752,747$1,535,416$8,168,292
79$14,332,415$2,801,464$1,500,684$8,838,008
80$15,705,439$2,849,853$1,462,075$9,572,740
81$17,215,712$2,897,814$1,419,373$10,379,086
82$18,877,145$2,945,237$1,372,352$11,264,324
83$20,705,065$2,992,005$1,320,777$12,236,471
84$22,716,360$3,037,992$1,264,402$13,304,369
85$24,929,638$3,083,063$1,202,968$14,477,762
86$27,365,400$3,127,072$1,136,207$15,767,389
87$30,046,238$3,169,866$1,063,837$17,185,092
88$32,997,043$3,211,278$985,564$18,743,920
89$36,245,241$3,251,130$901,080$20,458,258
90$39,821,055$3,289,235$810,066$22,343,963
91$43,757,784$3,325,388$712,184$24,418,511
92$48,092,121$3,359,375$607,085$26,701,167
93$52,864,498$3,390,966$494,403$29,213,167
94$58,119,467$3,419,914$373,757$31,977,914
95$63,906,122$3,445,958$244,746$35,021,207
96$70,278,556$3,468,821$106,956$38,371,482
97$77,296,381$3,488,205$0$42,060,079
98$85,025,280$3,503,795$0$46,130,100
99$93,537,634$3,515,256$0$50,635,980
100$102,913,201$3,522,232$0$55,596,938