Can I retire at age 54 with 1,620,000?

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 $1,620,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.8%
1 years$133,778$132,586$131,424$130,289$129,181$127,146
2 years$66,227$64,993$63,798$62,639$61,515$59,469
3 years$43,713$42,474$41,282$40,133$39,028$37,036
4 years$32,458$31,223$30,042$28,914$27,835$25,912
5 years$25,707$24,479$23,314$22,209$21,160$19,311
6 years$21,207$19,989$18,841$17,760$16,743$14,971
7 years$17,995$16,787$15,657$14,602$13,616$11,922
8 years$15,586$14,389$13,279$12,249$11,296$9,679
9 years$13,714$12,528$11,437$10,434$9,513$7,972
10 years$12,217$11,043$9,971$8,994$8,106$6,639
11 years$10,994$9,831$8,778$7,827$6,971$5,578
12 years$9,974$8,824$7,790$6,866$6,041$4,720
13 years$9,113$7,974$6,960$6,061$5,268$4,017
14 years$8,375$7,248$6,254$5,381$4,618$3,434
15 years$7,736$6,622$5,646$4,798$4,066$2,948
16 years$7,177$6,075$5,119$4,297$3,593$2,539
17 years$6,685$5,595$4,658$3,860$3,186$2,192
18 years$6,248$5,170$4,252$3,479$2,833$1,898
19 years$5,857$4,791$3,893$3,144$2,525$1,646
20 years$5,506$4,452$3,573$2,847$2,255$1,430
21 years$5,189$4,147$3,286$2,584$2,018$1,244
22 years$4,900$3,871$3,029$2,349$1,809$1,084
23 years$4,638$3,621$2,797$2,140$1,624$946
24 years$4,397$3,392$2,586$1,951$1,460$826
25 years$4,177$3,184$2,395$1,782$1,314$721
26 years$3,973$2,992$2,222$1,630$1,183$631
27 years$3,785$2,816$2,063$1,492$1,067$552
28 years$3,611$2,653$1,918$1,367$963$483
29 years$3,449$2,503$1,785$1,253$869$423
30 years$3,298$2,364$1,662$1,150$785$371
31 years$3,157$2,235$1,550$1,056$710$325
32 years$3,025$2,115$1,446$971$642$285
33 years$2,901$2,003$1,350$893$581$250
34 years$2,785$1,898$1,261$821$526$219
35 years$2,676$1,800$1,179$756$477$192
36 years$2,573$1,709$1,103$696$432$169
37 years$2,476$1,623$1,033$642$391$148
38 years$2,384$1,542$967$591$355$130
39 years$2,297$1,467$906$545$322$114
40 years$2,215$1,395$849$503$292$100
41 years$2,137$1,328$796$464$265$88
42 years$2,062$1,265$747$428$240$77
43 years$1,992$1,205$701$395$218$68
44 years$1,925$1,149$658$365$198$60
45 years$1,861$1,095$618$337$180$52
46 years$1,800$1,045$580$311$163$46
47 years$1,742$997$545$288$148$40
48 years$1,686$952$512$266$135$36
49 years$1,633$909$481$246$122$31
50 years$1,582$868$453$227$111$27

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $1,620,000, adding $2,710 every year, while hoping to spend $44,559 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: 47/24/29 Blend
53$1,620,000$1,620,000$1,620,000$1,620,000
54$1,788,035$1,702,175$1,677,065$1,857,082
55$1,923,005$1,738,172$1,685,837$1,942,165
56$2,070,247$1,774,438$1,693,408$2,029,931
57$2,230,968$1,810,941$1,699,693$2,124,355
58$2,406,493$1,847,644$1,704,600$2,226,088
59$2,598,283$1,884,506$1,708,031$2,335,846
60$2,807,945$1,921,484$1,709,887$2,454,422
61$3,037,249$1,958,530$1,710,061$2,582,687
62$3,288,142$1,995,592$1,708,443$2,721,605
63$3,562,771$2,032,614$1,704,914$2,872,239
64$3,863,499$2,069,537$1,699,353$3,035,759
65$4,192,926$2,106,295$1,691,632$3,213,460
66$4,553,918$2,142,817$1,681,616$3,406,766
67$4,949,631$2,179,028$1,669,163$3,617,252
68$5,383,540$2,214,847$1,654,126$3,846,652
69$5,859,472$2,250,186$1,636,351$4,096,881
70$6,381,644$2,284,951$1,615,675$4,370,051
71$6,954,700$2,319,042$1,591,928$4,668,490
72$7,583,755$2,352,350$1,564,932$4,994,767
73$8,274,442$2,384,760$1,534,502$5,351,717
74$9,032,970$2,416,148$1,500,443$5,742,464
75$9,866,176$2,446,382$1,462,551$6,170,456
76$10,781,591$2,475,320$1,420,612$6,639,495
77$11,787,515$2,502,812$1,374,403$7,153,774
78$12,893,088$2,528,696$1,323,693$7,717,917
79$14,108,382$2,552,801$1,268,235$8,337,025
80$15,444,492$2,574,944$1,207,776$9,016,723
81$16,913,643$2,594,928$1,142,049$9,763,211
82$18,529,302$2,612,547$1,070,775$10,583,332
83$20,306,308$2,627,579$993,663$11,484,627
84$22,261,009$2,639,789$910,409$12,475,413
85$24,411,419$2,648,926$820,695$13,564,863
86$26,777,384$2,654,724$724,189$14,763,089
87$29,380,772$2,656,900$620,544$16,081,243
88$32,245,676$2,655,153$509,397$17,531,619
89$35,398,645$2,649,165$390,372$19,127,775
90$38,868,929$2,638,597$263,072$20,884,657
91$42,688,761$2,623,089$127,085$22,818,746
92$46,893,654$2,602,260$0$24,948,212
93$51,522,741$2,575,705$0$27,298,667
94$56,619,143$2,542,996$0$29,928,945
95$62,230,371$2,503,679$0$32,824,173
96$68,408,781$2,457,271$0$36,011,346
97$75,212,063$2,403,264$0$39,520,214
98$82,703,785$2,341,115$0$43,383,565
99$90,953,996$2,270,255$0$47,637,534
100$100,039,882$2,190,076$0$52,321,946