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%13.7%
1 years$130,475$129,313$128,179$127,072$125,991$124,057
2 years$64,592$63,389$62,223$61,092$59,996$58,052
3 years$42,633$41,425$40,262$39,142$38,064$36,171
4 years$31,656$30,452$29,301$28,200$27,147$25,320
5 years$25,072$23,875$22,738$21,660$20,637$18,880
6 years$20,684$19,495$18,376$17,322$16,329$14,645
7 years$17,550$16,372$15,271$14,241$13,280$11,669
8 years$15,202$14,034$12,951$11,947$11,017$9,479
9 years$13,376$12,219$11,154$10,176$9,278$7,812
10 years$11,916$10,771$9,725$8,772$7,905$6,510
11 years$10,722$9,588$8,561$7,634$6,799$5,473
12 years$9,728$8,606$7,598$6,696$5,892$4,634
13 years$8,888$7,777$6,788$5,912$5,138$3,946
14 years$8,168$7,069$6,099$5,248$4,504$3,376
15 years$7,545$6,458$5,507$4,680$3,965$2,900
16 years$7,000$5,925$4,993$4,190$3,505$2,499
17 years$6,520$5,457$4,543$3,765$3,107$2,160
18 years$6,093$5,042$4,147$3,393$2,763$1,871
19 years$5,712$4,673$3,797$3,066$2,463$1,624
20 years$5,370$4,343$3,484$2,777$2,200$1,412
21 years$5,060$4,045$3,205$2,520$1,969$1,229
22 years$4,779$3,776$2,954$2,291$1,765$1,072
23 years$4,523$3,531$2,727$2,087$1,584$936
24 years$4,289$3,309$2,522$1,903$1,424$818
25 years$4,073$3,105$2,336$1,738$1,281$715
26 years$3,875$2,918$2,167$1,589$1,154$626
27 years$3,692$2,746$2,012$1,455$1,040$548
28 years$3,521$2,588$1,870$1,333$939$480
29 years$3,363$2,441$1,741$1,222$848$421
30 years$3,216$2,306$1,621$1,122$766$369
31 years$3,079$2,180$1,512$1,030$692$324
32 years$2,950$2,062$1,410$947$626$284
33 years$2,830$1,953$1,317$871$567$249
34 years$2,716$1,851$1,230$801$513$219
35 years$2,610$1,756$1,150$737$465$192
36 years$2,509$1,666$1,076$679$421$169
37 years$2,415$1,583$1,007$626$382$148
38 years$2,325$1,504$943$577$346$130
39 years$2,240$1,430$884$532$314$114
40 years$2,160$1,361$828$491$285$101
41 years$2,084$1,295$777$453$258$88
42 years$2,012$1,234$728$418$234$78
43 years$1,943$1,175$684$386$213$68
44 years$1,877$1,120$642$356$193$60
45 years$1,815$1,068$603$329$175$53
46 years$1,755$1,019$566$304$159$46
47 years$1,699$973$532$281$144$41
48 years$1,644$929$500$259$131$36
49 years$1,592$887$470$240$119$32
50 years$1,543$847$441$221$108$28

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 $6,285 every year, while hoping to spend $25,046 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: 45/37/18 Blend
53$1,580,000$1,580,000$1,580,000$1,580,000
54$1,747,643$1,663,903$1,639,413$1,816,993
55$1,899,254$1,718,785$1,667,685$1,921,059
56$2,065,490$1,775,518$1,696,064$2,030,853
57$2,247,815$1,834,164$1,724,528$2,149,386
58$2,447,845$1,894,791$1,753,052$2,277,481
59$2,667,357$1,957,467$1,781,611$2,416,041
60$2,908,309$2,022,264$1,810,176$2,566,059
61$3,172,857$2,089,256$1,838,718$2,728,628
62$3,463,378$2,158,520$1,867,205$2,904,951
63$3,782,490$2,230,134$1,895,603$3,096,350
64$4,133,075$2,304,181$1,923,877$3,304,281
65$4,518,310$2,380,748$1,951,988$3,530,344
66$4,941,694$2,459,921$1,979,896$3,776,301
67$5,407,083$2,541,793$2,007,559$4,044,093
68$5,918,723$2,626,459$2,034,930$4,335,854
69$6,481,295$2,714,017$2,061,962$4,653,934
70$7,099,953$2,804,570$2,088,604$5,000,920
71$7,780,377$2,898,223$2,114,801$5,379,659
72$8,528,826$2,995,086$2,140,497$5,793,287
73$9,352,194$3,095,274$2,165,632$6,245,257
74$10,258,079$3,198,903$2,190,142$6,739,369
75$11,254,851$3,306,097$2,213,960$7,279,811
76$12,351,733$3,416,983$2,237,014$7,871,191
77$13,558,887$3,531,692$2,259,231$8,518,586
78$14,887,510$3,650,362$2,280,532$9,227,588
79$16,349,939$3,773,132$2,300,833$10,004,355
80$17,959,769$3,900,152$2,320,047$10,855,668
81$19,731,978$4,031,573$2,338,082$11,788,997
82$21,683,073$4,167,553$2,354,841$12,812,573
83$23,831,241$4,308,257$2,370,222$13,935,458
84$26,196,521$4,453,855$2,384,118$15,167,636
85$28,800,996$4,604,524$2,396,416$16,520,107
86$31,668,999$4,760,448$2,406,997$18,004,986
87$34,827,343$4,921,816$2,415,738$19,635,620
88$38,305,573$5,088,826$2,422,506$21,426,714
89$42,136,247$5,261,684$2,427,166$23,394,467
90$46,355,240$5,440,602$2,429,572$25,556,726
91$51,002,085$5,625,802$2,429,573$27,933,152
92$56,120,345$5,817,513$2,427,010$30,545,409
93$61,758,022$6,015,973$2,421,717$33,417,362
94$67,968,014$6,221,430$2,413,518$36,575,307
95$74,808,612$6,434,140$2,402,232$40,048,216
96$82,344,049$6,654,371$2,387,665$43,868,011
97$90,645,106$6,882,400$2,369,616$48,069,862
98$99,789,783$7,118,513$2,347,874$52,692,521
99$109,864,031$7,363,011$2,322,218$57,778,689
100$120,962,567$7,616,204$2,292,418$63,375,411