Can I retire at age 54 with 1,580,000?

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 $1,580,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.9%
1 years$130,475$129,313$128,179$127,072$125,991$121,958
2 years$64,592$63,389$62,223$61,092$59,996$55,970
3 years$42,633$41,425$40,262$39,142$38,064$34,171
4 years$31,656$30,452$29,301$28,200$27,147$23,418
5 years$25,072$23,875$22,738$21,660$20,637$17,081
6 years$20,684$19,495$18,376$17,322$16,329$12,949
7 years$17,550$16,372$15,271$14,241$13,280$10,076
8 years$15,202$14,034$12,951$11,947$11,017$7,986
9 years$13,376$12,219$11,154$10,176$9,278$6,417
10 years$11,916$10,771$9,725$8,772$7,905$5,211
11 years$10,722$9,588$8,561$7,634$6,799$4,265
12 years$9,728$8,606$7,598$6,696$5,892$3,513
13 years$8,888$7,777$6,788$5,912$5,138$2,909
14 years$8,168$7,069$6,099$5,248$4,504$2,418
15 years$7,545$6,458$5,507$4,680$3,965$2,017
16 years$7,000$5,925$4,993$4,190$3,505$1,687
17 years$6,520$5,457$4,543$3,765$3,107$1,414
18 years$6,093$5,042$4,147$3,393$2,763$1,188
19 years$5,712$4,673$3,797$3,066$2,463$999
20 years$5,370$4,343$3,484$2,777$2,200$842
21 years$5,060$4,045$3,205$2,520$1,969$710
22 years$4,779$3,776$2,954$2,291$1,765$599
23 years$4,523$3,531$2,727$2,087$1,584$506
24 years$4,289$3,309$2,522$1,903$1,424$428
25 years$4,073$3,105$2,336$1,738$1,281$362
26 years$3,875$2,918$2,167$1,589$1,154$306
27 years$3,692$2,746$2,012$1,455$1,040$259
28 years$3,521$2,588$1,870$1,333$939$219
29 years$3,363$2,441$1,741$1,222$848$186
30 years$3,216$2,306$1,621$1,122$766$157
31 years$3,079$2,180$1,512$1,030$692$133
32 years$2,950$2,062$1,410$947$626$113
33 years$2,830$1,953$1,317$871$567$96
34 years$2,716$1,851$1,230$801$513$81
35 years$2,610$1,756$1,150$737$465$69
36 years$2,509$1,666$1,076$679$421$58
37 years$2,415$1,583$1,007$626$382$49
38 years$2,325$1,504$943$577$346$42
39 years$2,240$1,430$884$532$314$36
40 years$2,160$1,361$828$491$285$30
41 years$2,084$1,295$777$453$258$26
42 years$2,012$1,234$728$418$234$22
43 years$1,943$1,175$684$386$213$18
44 years$1,877$1,120$642$356$193$16
45 years$1,815$1,068$603$329$175$13
46 years$1,755$1,019$566$304$159$11
47 years$1,699$973$532$281$144$10
48 years$1,644$929$500$259$131$8
49 years$1,592$887$470$240$119$7
50 years$1,543$847$441$221$108$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $1,580,000, adding $2,278 every year, while hoping to spend $25,286 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: 68/17/15 Blend
53$1,580,000$1,580,000$1,580,000$1,580,000
54$1,743,510$1,659,770$1,635,280$1,855,818
55$1,894,444$1,714,194$1,663,158$1,985,369
56$2,059,925$1,770,438$1,691,122$2,123,810
57$2,241,412$1,828,564$1,719,149$2,274,591
58$2,440,508$1,888,636$1,747,213$2,438,924
59$2,658,983$1,950,722$1,775,287$2,618,141
60$2,898,782$2,014,890$1,803,342$2,813,708
61$3,162,051$2,081,213$1,831,347$3,027,242
62$3,451,153$2,149,765$1,859,270$3,260,522
63$3,768,690$2,220,623$1,887,075$3,515,505
64$4,117,530$2,293,867$1,914,725$3,794,350
65$4,500,831$2,369,580$1,942,182$4,099,431
66$4,922,073$2,447,847$1,969,402$4,433,366
67$5,385,090$2,528,757$1,996,343$4,799,036
68$5,894,105$2,612,401$2,022,956$5,199,615
69$6,453,771$2,698,877$2,049,192$5,638,600
70$7,069,215$2,788,281$2,075,000$6,119,842
71$7,746,085$2,880,716$2,100,322$6,647,582
72$8,490,604$2,976,289$2,125,100$7,226,494
73$9,309,627$3,075,109$2,149,273$7,861,727
74$10,210,710$3,177,291$2,172,775$8,558,950
75$11,202,176$3,282,951$2,195,536$9,324,412
76$12,293,195$3,392,213$2,217,484$10,164,995
77$13,493,872$3,505,203$2,238,541$11,088,284
78$14,815,342$3,622,053$2,258,627$12,102,631
79$16,269,873$3,742,899$2,277,657$13,217,242
80$17,870,982$3,867,883$2,295,540$14,442,257
81$19,633,563$3,997,151$2,312,182$15,788,849
82$21,574,030$4,130,855$2,327,484$17,269,330
83$23,710,466$4,269,152$2,341,340$18,897,262
84$26,062,800$4,412,206$2,353,640$20,687,592
85$28,652,988$4,560,187$2,364,270$22,656,785
86$31,505,226$4,713,269$2,373,107$24,822,985
87$34,646,177$4,871,637$2,380,023$27,206,185
88$38,105,217$5,035,478$2,384,884$29,828,412
89$41,914,722$5,204,989$2,387,550$32,713,940
90$46,110,363$5,380,373$2,387,873$35,889,513
91$50,731,451$5,561,842$2,385,697$39,384,603
92$55,821,301$5,749,614$2,380,860$43,231,682
93$61,427,646$5,943,917$2,373,191$47,466,535
94$67,603,084$6,144,987$2,362,511$52,128,590
95$74,405,576$6,353,069$2,348,633$57,261,297
96$81,898,992$6,568,417$2,331,359$62,912,530
97$90,153,714$6,791,294$2,310,485$69,135,049
98$99,247,300$7,021,975$2,285,793$75,986,985
99$109,265,216$7,260,743$2,257,058$83,532,402
100$120,301,642$7,507,893$2,224,044$91,841,888