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%12.6%
1 years$132,952$131,768$130,613$129,485$128,384$126,990
2 years$65,818$64,592$63,404$62,252$61,135$59,732
3 years$43,443$42,212$41,027$39,886$38,787$37,417
4 years$32,257$31,030$29,857$28,735$27,663$26,338
5 years$25,548$24,328$23,170$22,072$21,029$19,753
6 years$21,076$19,866$18,725$17,651$16,639$15,413
7 years$17,884$16,683$15,561$14,512$13,532$12,356
8 years$15,490$14,300$13,197$12,173$11,226$10,101
9 years$13,630$12,451$11,366$10,369$9,454$8,379
10 years$12,142$10,975$9,909$8,938$8,055$7,029
11 years$10,926$9,770$8,724$7,779$6,928$5,950
12 years$9,913$8,769$7,742$6,823$6,004$5,073
13 years$9,056$7,925$6,917$6,024$5,235$4,351
14 years$8,323$7,204$6,215$5,347$4,589$3,750
15 years$7,688$6,581$5,611$4,769$4,041$3,245
16 years$7,133$6,038$5,088$4,270$3,571$2,818
17 years$6,644$5,560$4,630$3,837$3,166$2,455
18 years$6,209$5,138$4,226$3,458$2,815$2,143
19 years$5,821$4,762$3,869$3,124$2,509$1,875
20 years$5,472$4,425$3,551$2,830$2,242$1,644
21 years$5,157$4,122$3,266$2,568$2,006$1,443
22 years$4,870$3,847$3,010$2,335$1,798$1,269
23 years$4,609$3,598$2,779$2,126$1,614$1,117
24 years$4,370$3,372$2,570$1,939$1,451$984
25 years$4,151$3,164$2,381$1,771$1,305$868
26 years$3,949$2,974$2,208$1,619$1,176$766
27 years$3,762$2,799$2,050$1,482$1,060$677
28 years$3,588$2,637$1,906$1,358$957$598
29 years$3,427$2,488$1,774$1,245$864$529
30 years$3,277$2,349$1,652$1,143$780$468
31 years$3,137$2,221$1,540$1,050$706$415
32 years$3,006$2,102$1,437$965$638$367
33 years$2,883$1,990$1,342$887$578$325
34 years$2,768$1,886$1,254$816$523$288
35 years$2,659$1,789$1,172$751$474$255
36 years$2,557$1,698$1,096$692$429$226
37 years$2,461$1,613$1,026$638$389$201
38 years$2,369$1,533$961$588$353$178
39 years$2,283$1,457$900$542$320$158
40 years$2,201$1,387$844$500$290$140
41 years$2,123$1,320$791$461$263$124
42 years$2,050$1,257$742$426$239$110
43 years$1,980$1,198$697$393$217$98
44 years$1,913$1,142$654$363$197$87
45 years$1,849$1,089$614$335$179$77
46 years$1,789$1,039$577$309$162$68
47 years$1,731$991$542$286$147$61
48 years$1,675$946$509$264$134$54
49 years$1,623$904$479$244$121$48
50 years$1,572$863$450$226$110$42

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 $3,871 every year, while hoping to spend $31,672 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: 59/29/12 Blend
53$1,610,000$1,610,000$1,610,000$1,610,000
54$1,778,213$1,692,883$1,667,928$1,877,694
55$1,925,892$1,742,135$1,690,105$1,994,401
56$2,087,573$1,792,740$1,711,963$2,117,711
57$2,264,650$1,844,729$1,733,459$2,251,410
58$2,458,659$1,898,136$1,754,545$2,396,502
59$2,671,293$1,952,995$1,775,172$2,554,090
60$2,904,413$2,009,340$1,795,289$2,725,390
61$3,160,073$2,067,207$1,814,840$2,911,740
62$3,440,531$2,126,630$1,833,768$3,114,613
63$3,748,276$2,187,647$1,852,011$3,335,631
64$4,086,051$2,250,293$1,869,504$3,576,579
65$4,456,876$2,314,605$1,886,180$3,839,425
66$4,864,078$2,380,621$1,901,968$4,126,334
67$5,311,321$2,448,378$1,916,791$4,439,690
68$5,802,643$2,517,916$1,930,570$4,782,122
69$6,342,491$2,589,272$1,943,223$5,156,521
70$6,935,765$2,662,487$1,954,661$5,566,075
71$7,587,863$2,737,598$1,964,791$6,014,295
72$8,304,731$2,814,646$1,973,518$6,505,046
73$9,092,921$2,893,671$1,980,738$7,042,588
74$9,959,651$2,974,714$1,986,345$7,631,613
75$10,912,874$3,057,813$1,990,227$8,277,291
76$11,961,352$3,143,011$1,992,264$8,985,316
77$13,114,739$3,230,348$1,992,334$9,761,962
78$14,383,671$3,319,864$1,990,306$10,614,141
79$15,779,869$3,411,599$1,986,044$11,549,469
80$17,316,243$3,505,596$1,979,404$12,576,335
81$19,007,023$3,601,893$1,970,238$13,703,985
82$20,867,885$3,700,531$1,958,386$14,942,604
83$22,916,102$3,801,551$1,943,685$16,303,414
84$25,170,708$3,904,990$1,925,962$17,798,781
85$27,652,675$4,010,889$1,905,036$19,442,331
86$30,385,110$4,119,285$1,880,717$21,249,076
87$33,393,478$4,230,216$1,852,808$23,235,559
88$36,705,835$4,343,719$1,821,099$25,420,009
89$40,353,099$4,459,830$1,785,375$27,822,510
90$44,369,336$4,578,583$1,745,406$30,465,195
91$48,792,087$4,700,012$1,700,956$33,372,453
92$53,662,716$4,824,149$1,651,774$36,571,157
93$59,026,806$4,951,025$1,597,601$40,090,921
94$64,934,583$5,080,668$1,538,163$43,964,377
95$71,441,395$5,213,105$1,473,176$48,227,484
96$78,608,231$5,348,362$1,402,342$52,919,867
97$86,502,299$5,486,460$1,325,349$58,085,192
98$95,197,657$5,627,420$1,241,872$63,771,574
99$104,775,914$5,771,259$1,151,570$70,032,039
100$115,326,997$5,917,991$1,054,088$76,925,016