Can I retire at age 54 with 1,590,000?

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 $1,590,000?

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$131,301$130,131$128,990$127,876$126,789$122,730
2 years$65,000$63,790$62,617$61,479$60,376$56,324
3 years$42,903$41,687$40,517$39,390$38,305$34,387
4 years$31,857$30,645$29,486$28,378$27,319$23,566
5 years$25,231$24,026$22,882$21,797$20,768$17,189
6 years$20,815$19,619$18,492$17,432$16,433$13,031
7 years$17,662$16,476$15,367$14,331$13,364$10,140
8 years$15,298$14,123$13,033$12,022$11,087$8,037
9 years$13,460$12,296$11,225$10,240$9,337$6,458
10 years$11,991$10,839$9,786$8,827$7,955$5,244
11 years$10,790$9,649$8,616$7,682$6,842$4,292
12 years$9,790$8,661$7,646$6,738$5,929$3,535
13 years$8,944$7,827$6,831$5,949$5,170$2,927
14 years$8,220$7,114$6,138$5,281$4,532$2,434
15 years$7,593$6,499$5,542$4,710$3,991$2,030
16 years$7,044$5,963$5,024$4,217$3,527$1,698
17 years$6,561$5,491$4,572$3,789$3,127$1,423
18 years$6,132$5,074$4,174$3,415$2,781$1,196
19 years$5,749$4,703$3,821$3,085$2,478$1,006
20 years$5,404$4,370$3,507$2,794$2,214$847
21 years$5,092$4,071$3,225$2,536$1,981$714
22 years$4,810$3,800$2,973$2,306$1,776$603
23 years$4,552$3,554$2,745$2,100$1,594$509
24 years$4,316$3,330$2,538$1,915$1,433$430
25 years$4,099$3,125$2,351$1,749$1,289$364
26 years$3,900$2,937$2,180$1,599$1,161$308
27 years$3,715$2,764$2,025$1,464$1,047$261
28 years$3,544$2,604$1,882$1,341$945$221
29 years$3,385$2,457$1,752$1,230$853$187
30 years$3,237$2,320$1,632$1,129$771$158
31 years$3,098$2,193$1,521$1,037$697$134
32 years$2,969$2,075$1,419$953$630$114
33 years$2,847$1,965$1,325$876$570$96
34 years$2,734$1,863$1,238$806$517$82
35 years$2,626$1,767$1,158$742$468$69
36 years$2,525$1,677$1,083$683$424$59
37 years$2,430$1,593$1,014$630$384$50
38 years$2,340$1,514$949$580$348$42
39 years$2,255$1,439$889$535$316$36
40 years$2,174$1,369$833$494$286$30
41 years$2,097$1,304$782$455$260$26
42 years$2,024$1,241$733$420$236$22
43 years$1,955$1,183$688$388$214$18
44 years$1,889$1,128$646$358$194$16
45 years$1,826$1,075$606$331$176$13
46 years$1,766$1,026$569$306$160$11
47 years$1,709$979$535$282$145$10
48 years$1,655$934$503$261$132$8
49 years$1,602$892$473$241$120$7
50 years$1,552$852$444$223$109$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $1,590,000, adding $3,543 every year, while hoping to spend $21,385 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: 33/50/17 Blend
53$1,590,000$1,590,000$1,590,000$1,590,000
54$1,755,835$1,671,565$1,646,920$1,804,385
55$1,912,176$1,730,718$1,679,338$1,899,648
56$2,083,748$1,792,053$1,712,126$2,000,018
57$2,272,081$1,855,654$1,745,272$2,107,737
58$2,478,861$1,921,609$1,778,767$2,223,461
59$2,705,946$1,990,009$1,812,597$2,347,913
60$2,955,382$2,060,949$1,846,749$2,481,883
61$3,229,424$2,134,529$1,881,207$2,626,241
62$3,530,555$2,210,850$1,915,958$2,781,942
63$3,861,511$2,290,021$1,950,981$2,950,033
64$4,225,305$2,372,152$1,986,260$3,131,665
65$4,625,259$2,457,361$2,021,772$3,328,104
66$5,065,032$2,545,767$2,057,497$3,540,740
67$5,548,652$2,637,497$2,093,411$3,771,100
68$6,080,562$2,732,682$2,129,488$4,020,864
69$6,665,655$2,831,458$2,165,700$4,291,878
70$7,309,320$2,933,968$2,202,020$4,586,171
71$8,017,498$3,040,360$2,238,415$4,905,977
72$8,796,733$3,150,788$2,274,852$5,253,750
73$9,654,235$3,265,412$2,311,295$5,632,190
74$10,597,950$3,384,400$2,347,706$6,044,268
75$11,636,632$3,507,927$2,384,046$6,493,252
76$12,779,927$3,636,173$2,420,269$6,982,737
77$14,038,463$3,769,330$2,456,332$7,516,681
78$15,423,952$3,907,592$2,492,185$8,099,436
79$16,949,298$4,051,167$2,527,776$8,735,795
80$18,628,720$4,200,268$2,563,050$9,431,031
81$20,477,888$4,355,119$2,597,950$10,190,950
82$22,514,065$4,515,953$2,632,414$11,021,941
83$24,756,276$4,683,011$2,666,377$11,931,038
84$27,225,485$4,856,547$2,699,769$12,925,986
85$29,944,791$5,036,825$2,732,518$14,015,311
86$32,939,649$5,224,119$2,764,547$15,208,400
87$36,238,108$5,418,716$2,795,774$16,515,590
88$39,871,076$5,620,914$2,826,114$17,948,262
89$43,872,613$5,831,025$2,855,475$19,518,951
90$48,280,249$6,049,375$2,883,763$21,241,457
91$53,135,341$6,276,302$2,910,876$23,130,982
92$58,483,464$6,512,158$2,936,709$25,204,266
93$64,374,838$6,757,314$2,961,149$27,479,745
94$70,864,802$7,012,154$2,984,078$29,977,726
95$78,014,340$7,277,078$3,005,373$32,720,575
96$85,890,654$7,552,505$3,024,904$35,732,926
97$94,567,794$7,838,872$3,042,532$39,041,915
98$104,127,367$8,136,634$3,058,115$42,677,432
99$114,659,296$8,446,267$3,071,499$46,672,401
100$126,262,677$8,768,266$3,082,527$51,063,091