Can I retire at age 54 with 1,600,000?

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 $1,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.5%
1 years$132,127$130,950$129,801$128,681$127,586$122,718
2 years$65,409$64,191$63,010$61,866$60,755$55,908
3 years$43,173$41,950$40,772$39,638$38,546$33,872
4 years$32,057$30,837$29,671$28,557$27,491$23,026
5 years$25,389$24,177$23,026$21,934$20,898$16,654
6 years$20,945$19,742$18,609$17,541$16,536$12,515
7 years$17,773$16,579$15,464$14,422$13,448$9,649
8 years$15,394$14,212$13,115$12,098$11,157$7,576
9 years$13,545$12,374$11,296$10,305$9,396$6,028
10 years$12,067$10,907$9,848$8,883$8,005$4,846
11 years$10,858$9,710$8,670$7,731$6,885$3,925
12 years$9,851$8,715$7,694$6,781$5,966$3,199
13 years$9,000$7,876$6,874$5,986$5,203$2,620
14 years$8,271$7,159$6,177$5,314$4,561$2,154
15 years$7,640$6,540$5,577$4,739$4,016$1,776
16 years$7,089$6,000$5,056$4,243$3,549$1,469
17 years$6,602$5,526$4,601$3,813$3,147$1,217
18 years$6,171$5,106$4,200$3,436$2,798$1,010
19 years$5,785$4,732$3,845$3,105$2,494$839
20 years$5,438$4,398$3,529$2,812$2,228$698
21 years$5,124$4,096$3,246$2,552$1,993$582
22 years$4,840$3,824$2,991$2,320$1,787$485
23 years$4,581$3,576$2,762$2,113$1,604$404
24 years$4,343$3,351$2,554$1,927$1,442$337
25 years$4,125$3,144$2,366$1,760$1,297$282
26 years$3,924$2,955$2,194$1,609$1,169$235
27 years$3,738$2,781$2,038$1,473$1,054$197
28 years$3,566$2,621$1,894$1,350$951$164
29 years$3,406$2,472$1,763$1,238$858$137
30 years$3,257$2,335$1,642$1,136$776$115
31 years$3,118$2,207$1,531$1,043$701$96
32 years$2,987$2,088$1,428$959$634$80
33 years$2,865$1,978$1,333$882$574$67
34 years$2,751$1,875$1,246$811$520$56
35 years$2,643$1,778$1,165$747$471$47
36 years$2,541$1,688$1,090$688$427$39
37 years$2,445$1,603$1,020$634$387$33
38 years$2,355$1,523$955$584$350$28
39 years$2,269$1,448$895$539$318$23
40 years$2,187$1,378$839$497$288$19
41 years$2,110$1,312$786$458$262$16
42 years$2,037$1,249$738$423$237$13
43 years$1,967$1,190$692$390$215$11
44 years$1,901$1,135$650$361$195$9
45 years$1,838$1,082$610$333$177$8
46 years$1,778$1,032$573$308$161$7
47 years$1,720$985$538$284$146$6
48 years$1,665$940$506$263$133$5
49 years$1,612$898$476$243$121$4
50 years$1,562$858$447$224$110$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $1,600,000, adding $3,366 every year, while hoping to spend $36,182 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: 53/27/20 Blend
53$1,600,000$1,600,000$1,600,000$1,600,000
54$1,766,672$1,681,872$1,657,072$1,850,459
55$1,908,375$1,725,786$1,674,087$1,952,282
56$2,063,319$1,770,640$1,690,458$2,058,957
57$2,232,817$1,816,440$1,706,128$2,174,257
58$2,418,313$1,863,195$1,721,032$2,299,016
59$2,621,399$1,910,909$1,735,105$2,434,152
60$2,843,827$1,959,589$1,748,276$2,580,675
61$3,087,526$2,009,238$1,760,472$2,739,698
62$3,354,622$2,059,859$1,771,616$2,912,447
63$3,647,455$2,111,453$1,781,627$3,100,273
64$3,968,603$2,164,022$1,790,419$3,304,664
65$4,320,905$2,217,563$1,797,902$3,527,259
66$4,707,488$2,272,075$1,803,982$3,769,865
67$5,131,797$2,327,552$1,808,561$4,034,472
68$5,597,626$2,383,987$1,811,533$4,323,273
69$6,109,155$2,441,373$1,812,790$4,638,684
70$6,670,987$2,499,699$1,812,218$4,983,368
71$7,288,196$2,558,952$1,809,695$5,360,258
72$7,966,367$2,619,117$1,805,095$5,772,588
73$8,711,658$2,680,175$1,798,287$6,223,921
74$9,530,850$2,742,106$1,789,132$6,718,183
75$10,431,412$2,804,885$1,777,484$7,259,701
76$11,421,577$2,868,485$1,763,191$7,853,242
77$12,510,414$2,932,876$1,746,093$8,504,064
78$13,707,912$2,998,023$1,726,023$9,217,955
79$15,025,080$3,063,888$1,702,806$10,001,299
80$16,474,047$3,130,427$1,676,259$10,861,130
81$18,068,175$3,197,593$1,646,189$11,805,200
82$19,822,188$3,265,334$1,612,396$12,842,051
83$21,752,309$3,333,594$1,574,669$13,981,099
84$23,876,412$3,402,307$1,532,788$15,232,722
85$26,214,193$3,471,407$1,486,523$16,608,355
86$28,787,353$3,540,819$1,435,634$18,120,603
87$31,619,804$3,610,459$1,379,868$19,783,356
88$34,737,892$3,680,240$1,318,962$21,611,924
89$38,170,652$3,750,066$1,252,642$23,623,180
90$41,950,072$3,819,833$1,180,619$25,835,718
91$46,111,402$3,889,428$1,102,592$28,270,033
92$50,693,484$3,958,729$1,018,248$30,948,712
93$55,739,118$4,027,605$927,258$33,896,648
94$61,295,466$4,095,916$829,279$37,141,276
95$67,414,496$4,163,509$723,953$40,712,831
96$74,153,475$4,230,221$610,906$44,644,637
97$81,575,505$4,295,877$489,747$48,973,420
98$89,750,121$4,360,289$360,067$53,739,655
99$98,753,945$4,423,256$221,442$58,987,950
100$108,671,414$4,484,561$73,426$64,767,466