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%14.5%
1 years$133,778$132,586$131,424$130,289$129,181$126,780
2 years$66,227$64,993$63,798$62,639$61,515$59,105
3 years$43,713$42,474$41,282$40,133$39,028$36,684
4 years$32,458$31,223$30,042$28,914$27,835$25,575
5 years$25,707$24,479$23,314$22,209$21,160$18,991
6 years$21,207$19,989$18,841$17,760$16,743$14,667
7 years$17,995$16,787$15,657$14,602$13,616$11,634
8 years$15,586$14,389$13,279$12,249$11,296$9,407
9 years$13,714$12,528$11,437$10,434$9,513$7,716
10 years$12,217$11,043$9,971$8,994$8,106$6,398
11 years$10,994$9,831$8,778$7,827$6,971$5,352
12 years$9,974$8,824$7,790$6,866$6,041$4,508
13 years$9,113$7,974$6,960$6,061$5,268$3,819
14 years$8,375$7,248$6,254$5,381$4,618$3,250
15 years$7,736$6,622$5,646$4,798$4,066$2,776
16 years$7,177$6,075$5,119$4,297$3,593$2,379
17 years$6,685$5,595$4,658$3,860$3,186$2,044
18 years$6,248$5,170$4,252$3,479$2,833$1,761
19 years$5,857$4,791$3,893$3,144$2,525$1,519
20 years$5,506$4,452$3,573$2,847$2,255$1,313
21 years$5,189$4,147$3,286$2,584$2,018$1,136
22 years$4,900$3,871$3,029$2,349$1,809$985
23 years$4,638$3,621$2,797$2,140$1,624$854
24 years$4,397$3,392$2,586$1,951$1,460$742
25 years$4,177$3,184$2,395$1,782$1,314$645
26 years$3,973$2,992$2,222$1,630$1,183$560
27 years$3,785$2,816$2,063$1,492$1,067$488
28 years$3,611$2,653$1,918$1,367$963$424
29 years$3,449$2,503$1,785$1,253$869$370
30 years$3,298$2,364$1,662$1,150$785$322
31 years$3,157$2,235$1,550$1,056$710$281
32 years$3,025$2,115$1,446$971$642$245
33 years$2,901$2,003$1,350$893$581$213
34 years$2,785$1,898$1,261$821$526$186
35 years$2,676$1,800$1,179$756$477$162
36 years$2,573$1,709$1,103$696$432$141
37 years$2,476$1,623$1,033$642$391$123
38 years$2,384$1,542$967$591$355$108
39 years$2,297$1,467$906$545$322$94
40 years$2,215$1,395$849$503$292$82
41 years$2,137$1,328$796$464$265$72
42 years$2,062$1,265$747$428$240$63
43 years$1,992$1,205$701$395$218$55
44 years$1,925$1,149$658$365$198$48
45 years$1,861$1,095$618$337$180$42
46 years$1,800$1,045$580$311$163$36
47 years$1,742$997$545$288$148$32
48 years$1,686$952$512$266$135$28
49 years$1,633$909$481$246$122$24
50 years$1,582$868$453$227$111$21

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 $3,536 every year, while hoping to spend $49,799 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: 50/42/8 Blend
53$1,620,000$1,620,000$1,620,000$1,620,000
54$1,788,887$1,703,027$1,677,917$1,874,456
55$1,918,368$1,733,490$1,681,142$1,963,693
56$2,059,387$1,763,776$1,682,805$2,055,000
57$2,213,068$1,793,825$1,682,803$2,153,044
58$2,380,649$1,823,570$1,681,024$2,258,471
59$2,563,491$1,852,941$1,677,355$2,371,990
60$2,763,093$1,881,861$1,671,673$2,494,383
61$2,981,106$1,910,250$1,663,851$2,626,514
62$3,219,346$1,938,019$1,653,757$2,769,333
63$3,479,812$1,965,075$1,641,251$2,923,891
64$3,764,707$1,991,318$1,626,187$3,091,343
65$4,076,455$2,016,641$1,608,412$3,272,967
66$4,417,726$2,040,928$1,587,766$3,470,170
67$4,791,458$2,064,057$1,564,080$3,684,503
68$5,200,889$2,085,899$1,537,179$3,917,678
69$5,649,584$2,106,312$1,506,880$4,171,583
70$6,141,470$2,125,150$1,472,988$4,448,301
71$6,680,870$2,142,253$1,435,304$4,750,127
72$7,272,548$2,157,452$1,393,615$5,079,595
73$7,921,749$2,170,568$1,347,703$5,439,497
74$8,634,252$2,181,411$1,297,335$5,832,916
75$9,416,422$2,189,775$1,242,271$6,263,247
76$10,275,269$2,195,446$1,182,260$6,734,239
77$11,218,517$2,198,194$1,117,036$7,250,024
78$12,254,674$2,197,774$1,046,326$7,815,161
79$13,393,114$2,193,928$969,840$8,434,675
80$14,644,160$2,186,379$887,279$9,114,111
81$16,019,190$2,174,837$798,328$9,859,582
82$17,530,734$2,158,991$702,658$10,677,829
83$19,192,599$2,138,512$599,928$11,576,287
84$21,019,998$2,113,053$489,779$12,563,155
85$23,029,688$2,082,243$371,837$13,647,473
86$25,240,135$2,045,691$245,712$14,839,211
87$27,671,682$2,002,983$110,997$16,149,363
88$30,346,744$1,953,680$0$17,590,051
89$33,290,017$1,897,316$0$19,177,438
90$36,528,714$1,833,399$0$20,933,759
91$40,092,815$1,761,408$0$22,865,820
92$44,015,358$1,680,792$0$24,991,580
93$48,332,741$1,590,968$0$27,330,839
94$53,085,074$1,491,319$0$29,905,426
95$58,316,550$1,381,193$0$32,739,403
96$64,075,867$1,259,899$0$35,859,298
97$70,416,680$1,126,709$0$39,294,355
98$77,398,117$980,853$0$43,076,814
99$85,085,326$821,517$0$47,242,212
100$93,550,098$647,840$0$51,829,728