Can I retire at age 54 with 1,610,000?

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 $1,610,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.1%
1 years$132,952$131,768$130,613$129,485$128,384$127,255
2 years$65,818$64,592$63,404$62,252$61,135$59,998
3 years$43,443$42,212$41,027$39,886$38,787$37,676
4 years$32,257$31,030$29,857$28,735$27,663$26,587
5 years$25,548$24,328$23,170$22,072$21,029$19,991
6 years$21,076$19,866$18,725$17,651$16,639$15,642
7 years$17,884$16,683$15,561$14,512$13,532$12,574
8 years$15,490$14,300$13,197$12,173$11,226$10,308
9 years$13,630$12,451$11,366$10,369$9,454$8,576
10 years$12,142$10,975$9,909$8,938$8,055$7,217
11 years$10,926$9,770$8,724$7,779$6,928$6,128
12 years$9,913$8,769$7,742$6,823$6,004$5,241
13 years$9,056$7,925$6,917$6,024$5,235$4,510
14 years$8,323$7,204$6,215$5,347$4,589$3,900
15 years$7,688$6,581$5,611$4,769$4,041$3,386
16 years$7,133$6,038$5,088$4,270$3,571$2,951
17 years$6,644$5,560$4,630$3,837$3,166$2,579
18 years$6,209$5,138$4,226$3,458$2,815$2,260
19 years$5,821$4,762$3,869$3,124$2,509$1,984
20 years$5,472$4,425$3,551$2,830$2,242$1,746
21 years$5,157$4,122$3,266$2,568$2,006$1,539
22 years$4,870$3,847$3,010$2,335$1,798$1,358
23 years$4,609$3,598$2,779$2,126$1,614$1,200
24 years$4,370$3,372$2,570$1,939$1,451$1,061
25 years$4,151$3,164$2,381$1,771$1,305$940
26 years$3,949$2,974$2,208$1,619$1,176$833
27 years$3,762$2,799$2,050$1,482$1,060$739
28 years$3,588$2,637$1,906$1,358$957$656
29 years$3,427$2,488$1,774$1,245$864$582
30 years$3,277$2,349$1,652$1,143$780$517
31 years$3,137$2,221$1,540$1,050$706$460
32 years$3,006$2,102$1,437$965$638$409
33 years$2,883$1,990$1,342$887$578$364
34 years$2,768$1,886$1,254$816$523$324
35 years$2,659$1,789$1,172$751$474$288
36 years$2,557$1,698$1,096$692$429$256
37 years$2,461$1,613$1,026$638$389$228
38 years$2,369$1,533$961$588$353$203
39 years$2,283$1,457$900$542$320$181
40 years$2,201$1,387$844$500$290$161
41 years$2,123$1,320$791$461$263$144
42 years$2,050$1,257$742$426$239$128
43 years$1,980$1,198$697$393$217$114
44 years$1,913$1,142$654$363$197$102
45 years$1,849$1,089$614$335$179$91
46 years$1,789$1,039$577$309$162$81
47 years$1,731$991$542$286$147$72
48 years$1,675$946$509$264$134$64
49 years$1,623$904$479$244$121$57
50 years$1,572$863$450$226$110$51

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $1,610,000, adding $3,253 every year, while hoping to spend $31,328 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: 69/15/16 Blend
53$1,610,000$1,610,000$1,610,000$1,610,000
54$1,777,575$1,692,245$1,667,290$1,893,332
55$1,925,555$1,741,833$1,689,812$2,020,428
56$2,087,579$1,792,800$1,712,038$2,155,410
57$2,265,047$1,845,181$1,733,925$2,302,304
58$2,459,498$1,899,012$1,755,429$2,462,280
59$2,672,632$1,954,328$1,776,500$2,636,627
60$2,906,316$2,011,167$1,797,089$2,826,763
61$3,162,611$2,069,564$1,817,142$3,034,250
62$3,443,782$2,129,557$1,836,601$3,260,810
63$3,752,328$2,191,186$1,855,408$3,508,338
64$4,091,001$2,254,489$1,873,499$3,778,922
65$4,462,830$2,319,506$1,890,808$4,074,862
66$4,871,154$2,386,277$1,907,265$4,398,690
67$5,319,650$2,454,843$1,922,797$4,753,197
68$5,812,369$2,525,245$1,937,326$5,141,457
69$6,353,774$2,597,526$1,950,769$5,566,858
70$6,948,781$2,671,727$1,963,043$6,033,130
71$7,602,808$2,747,892$1,974,055$6,544,383
72$8,321,820$2,826,065$1,983,712$7,105,146
73$9,112,393$2,906,290$1,991,914$7,720,409
74$9,981,769$2,988,610$1,998,555$8,395,669
75$10,937,929$3,073,071$2,003,526$9,136,983
76$11,989,665$3,159,719$2,006,711$9,951,025
77$13,146,664$3,248,598$2,007,989$10,845,148
78$14,419,599$3,339,755$2,007,233$11,827,454
79$15,820,232$3,433,236$2,004,308$12,906,870
80$17,361,518$3,529,087$1,999,075$14,093,234
81$19,057,736$3,627,356$1,991,387$15,397,385
82$20,924,616$3,728,087$1,981,090$16,831,266
83$22,979,492$3,831,329$1,968,021$18,408,038
84$25,241,464$3,937,127$1,952,013$20,142,204
85$27,731,575$4,045,529$1,932,888$22,049,744
86$30,473,016$4,156,580$1,910,460$24,148,267
87$33,491,337$4,270,326$1,884,534$26,457,177
88$36,814,695$4,386,813$1,854,907$28,997,857
89$40,474,112$4,506,086$1,821,365$31,793,869
90$44,503,777$4,628,189$1,783,686$34,871,179
91$48,941,359$4,753,167$1,741,636$38,258,397
92$53,828,367$4,881,061$1,694,970$41,987,054
93$59,210,542$5,011,915$1,643,434$46,091,895
94$65,138,287$5,145,768$1,586,758$50,611,207
95$71,667,142$5,282,661$1,524,665$55,587,183
96$78,858,311$5,422,631$1,456,861$61,066,317
97$86,779,233$5,565,715$1,383,041$67,099,847
98$95,504,227$5,711,948$1,302,885$73,744,234
99$105,115,187$5,861,361$1,216,059$81,061,699
100$115,702,354$6,013,986$1,122,216$89,120,808