Can I retire at age 54 with 1,630,000?

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 $1,630,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.9%
1 years$134,604$133,405$132,235$131,093$129,978$126,836
2 years$66,636$65,395$64,192$63,026$61,895$58,748
3 years$43,982$42,736$41,536$40,381$39,268$36,215
4 years$32,658$31,416$30,228$29,092$28,007$25,071
5 years$25,865$24,630$23,458$22,346$21,290$18,480
6 years$21,338$20,112$18,958$17,870$16,846$14,164
7 years$18,106$16,890$15,754$14,692$13,700$11,147
8 years$15,683$14,478$13,361$12,325$11,366$8,940
9 years$13,799$12,606$11,507$10,498$9,572$7,271
10 years$12,293$11,111$10,032$9,049$8,156$5,978
11 years$11,061$9,892$8,832$7,876$7,014$4,956
12 years$10,036$8,878$7,839$6,908$6,078$4,137
13 years$9,169$8,023$7,003$6,099$5,300$3,472
14 years$8,426$7,293$6,292$5,414$4,646$2,926
15 years$7,784$6,662$5,681$4,828$4,091$2,476
16 years$7,222$6,113$5,151$4,323$3,616$2,101
17 years$6,726$5,629$4,687$3,884$3,206$1,787
18 years$6,286$5,202$4,279$3,500$2,850$1,523
19 years$5,893$4,821$3,917$3,163$2,541$1,301
20 years$5,540$4,480$3,595$2,865$2,269$1,112
21 years$5,221$4,173$3,306$2,600$2,031$953
22 years$4,931$3,895$3,047$2,364$1,820$817
23 years$4,666$3,643$2,814$2,153$1,634$701
24 years$4,425$3,413$2,602$1,964$1,469$602
25 years$4,202$3,203$2,410$1,793$1,322$517
26 years$3,998$3,011$2,235$1,640$1,190$445
27 years$3,808$2,833$2,076$1,501$1,073$382
28 years$3,633$2,670$1,930$1,375$968$329
29 years$3,470$2,519$1,796$1,261$875$283
30 years$3,318$2,379$1,673$1,157$790$244
31 years$3,176$2,249$1,559$1,063$714$210
32 years$3,043$2,128$1,455$977$646$181
33 years$2,919$2,015$1,358$898$585$156
34 years$2,802$1,910$1,269$826$529$134
35 years$2,692$1,811$1,187$761$480$116
36 years$2,589$1,719$1,110$701$435$100
37 years$2,491$1,633$1,039$646$394$86
38 years$2,399$1,552$973$595$357$74
39 years$2,311$1,476$912$549$324$64
40 years$2,228$1,404$854$506$294$55
41 years$2,150$1,336$801$467$266$48
42 years$2,075$1,273$752$431$242$41
43 years$2,004$1,213$705$398$219$35
44 years$1,937$1,156$662$367$199$31
45 years$1,872$1,102$622$339$181$26
46 years$1,811$1,052$584$313$164$23
47 years$1,752$1,003$548$289$149$20
48 years$1,696$958$515$267$135$17
49 years$1,643$915$484$247$123$15
50 years$1,591$874$455$228$112$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $1,630,000, adding $4,981 every year, while hoping to spend $39,378 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: 41/32/27 Blend
53$1,630,000$1,630,000$1,630,000$1,630,000
54$1,801,398$1,715,008$1,689,743$1,860,774
55$1,943,243$1,757,145$1,704,451$1,946,241
56$2,098,236$1,800,028$1,718,333$2,034,626
57$2,267,677$1,843,650$1,731,318$2,129,540
58$2,452,996$1,888,006$1,743,334$2,231,607
59$2,655,770$1,933,086$1,754,304$2,341,515
60$2,877,733$1,978,882$1,764,147$2,460,021
61$3,120,795$2,025,380$1,772,779$2,587,961
62$3,387,059$2,072,567$1,780,110$2,726,255
63$3,678,843$2,120,426$1,786,048$2,875,920
64$3,998,697$2,168,939$1,790,492$3,038,074
65$4,349,431$2,218,084$1,793,341$3,213,951
66$4,734,141$2,267,838$1,794,486$3,404,911
67$5,156,234$2,318,174$1,793,812$3,612,454
68$5,619,467$2,369,061$1,791,201$3,838,232
69$6,127,974$2,420,466$1,786,528$4,084,069
70$6,686,311$2,472,352$1,779,661$4,351,973
71$7,299,497$2,524,680$1,770,462$4,644,161
72$7,973,060$2,577,404$1,758,787$4,963,075
73$8,713,091$2,630,475$1,744,485$5,311,409
74$9,526,298$2,683,841$1,727,397$5,692,131
75$10,420,074$2,737,442$1,707,358$6,108,516
76$11,402,560$2,791,215$1,684,193$6,564,173
77$12,482,729$2,845,092$1,657,721$7,063,082
78$13,670,464$2,898,998$1,627,751$7,609,630
79$14,976,654$2,952,852$1,594,084$8,208,655
80$16,413,297$3,006,567$1,556,510$8,865,491
81$17,993,613$3,060,048$1,514,812$9,586,016
82$19,732,164$3,113,193$1,468,762$10,376,715
83$21,644,999$3,165,894$1,418,119$11,244,734
84$23,749,798$3,218,031$1,362,635$12,197,953
85$26,066,042$3,269,480$1,302,048$13,245,057
86$28,615,197$3,320,102$1,236,085$14,395,626
87$31,420,913$3,369,754$1,164,460$15,660,214
88$34,509,252$3,418,278$1,086,875$17,050,464
89$37,908,929$3,465,506$1,003,019$18,579,204
90$41,651,584$3,511,261$912,565$20,260,581
91$45,772,083$3,555,350$815,173$22,110,187
92$50,308,842$3,597,568$710,487$24,145,214
93$55,304,192$3,637,697$598,137$26,384,609
94$60,804,779$3,675,504$477,734$28,849,263
95$66,862,002$3,710,739$348,874$31,562,202
96$73,532,499$3,743,138$211,133$34,548,809
97$80,878,679$3,772,417$64,072$37,837,065
98$88,969,314$3,798,276$0$41,457,813
99$97,880,187$3,820,393$0$45,471,806
100$107,694,802$3,838,429$0$49,911,202