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

Use the below retirement simulation to view the chances of a successful retirement.
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%14.5%
1 years$131,301$130,131$128,990$127,876$126,789$124,433
2 years$65,000$63,790$62,617$61,479$60,376$58,011
3 years$42,903$41,687$40,517$39,390$38,305$36,005
4 years$31,857$30,645$29,486$28,378$27,319$25,102
5 years$25,231$24,026$22,882$21,797$20,768$18,639
6 years$20,815$19,619$18,492$17,432$16,433$14,395
7 years$17,662$16,476$15,367$14,331$13,364$11,419
8 years$15,298$14,123$13,033$12,022$11,087$9,233
9 years$13,460$12,296$11,225$10,240$9,337$7,573
10 years$11,991$10,839$9,786$8,827$7,955$6,280
11 years$10,790$9,649$8,616$7,682$6,842$5,253
12 years$9,790$8,661$7,646$6,738$5,929$4,425
13 years$8,944$7,827$6,831$5,949$5,170$3,748
14 years$8,220$7,114$6,138$5,281$4,532$3,189
15 years$7,593$6,499$5,542$4,710$3,991$2,725
16 years$7,044$5,963$5,024$4,217$3,527$2,335
17 years$6,561$5,491$4,572$3,789$3,127$2,006
18 years$6,132$5,074$4,174$3,415$2,781$1,728
19 years$5,749$4,703$3,821$3,085$2,478$1,491
20 years$5,404$4,370$3,507$2,794$2,214$1,289
21 years$5,092$4,071$3,225$2,536$1,981$1,115
22 years$4,810$3,800$2,973$2,306$1,776$967
23 years$4,552$3,554$2,745$2,100$1,594$839
24 years$4,316$3,330$2,538$1,915$1,433$728
25 years$4,099$3,125$2,351$1,749$1,289$633
26 years$3,900$2,937$2,180$1,599$1,161$550
27 years$3,715$2,764$2,025$1,464$1,047$479
28 years$3,544$2,604$1,882$1,341$945$417
29 years$3,385$2,457$1,752$1,230$853$363
30 years$3,237$2,320$1,632$1,129$771$316
31 years$3,098$2,193$1,521$1,037$697$275
32 years$2,969$2,075$1,419$953$630$240
33 years$2,847$1,965$1,325$876$570$209
34 years$2,734$1,863$1,238$806$517$183
35 years$2,626$1,767$1,158$742$468$159
36 years$2,525$1,677$1,083$683$424$139
37 years$2,430$1,593$1,014$630$384$121
38 years$2,340$1,514$949$580$348$106
39 years$2,255$1,439$889$535$316$92
40 years$2,174$1,369$833$494$286$81
41 years$2,097$1,304$782$455$260$70
42 years$2,024$1,241$733$420$236$61
43 years$1,955$1,183$688$388$214$54
44 years$1,889$1,128$646$358$194$47
45 years$1,826$1,075$606$331$176$41
46 years$1,766$1,026$569$306$160$36
47 years$1,709$979$535$282$145$31
48 years$1,655$934$503$261$132$27
49 years$1,602$892$473$241$120$24
50 years$1,552$852$444$223$109$21

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 $4,076 every year, while hoping to spend $22,773 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: 45/35/20 Blend
53$1,590,000$1,590,000$1,590,000$1,590,000
54$1,756,384$1,672,114$1,647,469$1,825,146
55$1,911,305$1,729,818$1,678,429$1,931,540
56$2,081,265$1,789,585$1,709,663$2,044,276
57$2,267,773$1,851,494$1,741,156$2,166,060
58$2,472,493$1,915,624$1,772,892$2,297,742
59$2,697,257$1,982,059$1,804,853$2,440,259
60$2,944,082$2,050,886$1,837,021$2,594,639
61$3,215,193$2,122,193$1,869,375$2,762,013
62$3,513,037$2,196,075$1,901,894$2,943,625
63$3,840,313$2,272,629$1,934,554$3,140,845
64$4,199,993$2,351,956$1,967,329$3,355,178
65$4,595,352$2,434,161$2,000,194$3,588,282
66$5,029,996$2,519,353$2,033,119$3,841,978
67$5,507,900$2,607,646$2,066,073$4,118,275
68$6,033,443$2,699,159$2,099,024$4,419,378
69$6,611,450$2,794,012$2,131,937$4,747,720
70$7,247,234$2,892,336$2,164,773$5,105,975
71$7,946,654$2,994,262$2,197,495$5,497,087
72$8,716,161$3,099,929$2,230,059$5,924,299
73$9,562,864$3,209,480$2,262,421$6,391,181
74$10,494,597$3,323,065$2,294,532$6,901,660
75$11,519,990$3,440,840$2,326,344$7,460,066
76$12,648,555$3,562,967$2,357,803$8,071,161
77$13,890,770$3,689,615$2,388,851$8,740,194
78$15,258,180$3,820,957$2,419,429$9,472,941
79$16,763,508$3,957,178$2,449,474$10,275,766
80$18,420,773$4,098,468$2,478,919$11,155,676
81$20,245,422$4,245,023$2,507,693$12,120,390
82$22,254,476$4,397,049$2,535,721$13,178,410
83$24,466,690$4,554,762$2,562,925$14,339,097
84$26,902,731$4,718,384$2,589,221$15,612,765
85$29,585,372$4,888,147$2,614,522$17,010,776
86$32,539,706$5,064,293$2,638,736$18,545,643
87$35,793,387$5,247,074$2,661,764$20,231,150
88$39,376,884$5,436,752$2,683,505$22,082,484
89$43,323,774$5,633,600$2,703,850$24,116,373
90$47,671,055$5,837,904$2,722,685$26,351,246
91$52,459,500$6,049,958$2,739,892$28,807,405
92$57,734,034$6,270,071$2,755,344$31,507,218
93$63,544,167$6,498,566$2,768,909$34,475,326
94$69,944,453$6,735,776$2,780,448$37,738,878
95$76,995,009$6,982,051$2,789,816$41,327,784
96$84,762,084$7,237,755$2,796,858$45,274,997
97$93,318,677$7,503,267$2,801,414$49,616,826
98$102,745,236$7,778,980$2,803,315$54,393,273
99$113,130,407$8,065,307$2,802,383$59,648,414
100$124,571,878$8,362,677$2,798,432$65,430,811