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

Use the below retirement simulation to view the chances of a successful retirement.
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%14.4%
1 years$134,604$133,405$132,235$131,093$129,978$127,615
2 years$66,636$65,395$64,192$63,026$61,895$59,522
3 years$43,982$42,736$41,536$40,381$39,268$36,961
4 years$32,658$31,416$30,228$29,092$28,007$25,781
5 years$25,865$24,630$23,458$22,346$21,290$19,154
6 years$21,338$20,112$18,958$17,870$16,846$14,801
7 years$18,106$16,890$15,754$14,692$13,700$11,747
8 years$15,683$14,478$13,361$12,325$11,366$9,504
9 years$13,799$12,606$11,507$10,498$9,572$7,800
10 years$12,293$11,111$10,032$9,049$8,156$6,472
11 years$11,061$9,892$8,832$7,876$7,014$5,417
12 years$10,036$8,878$7,839$6,908$6,078$4,566
13 years$9,169$8,023$7,003$6,099$5,300$3,870
14 years$8,426$7,293$6,292$5,414$4,646$3,296
15 years$7,784$6,662$5,681$4,828$4,091$2,817
16 years$7,222$6,113$5,151$4,323$3,616$2,416
17 years$6,726$5,629$4,687$3,884$3,206$2,077
18 years$6,286$5,202$4,279$3,500$2,850$1,791
19 years$5,893$4,821$3,917$3,163$2,541$1,546
20 years$5,540$4,480$3,595$2,865$2,269$1,337
21 years$5,221$4,173$3,306$2,600$2,031$1,158
22 years$4,931$3,895$3,047$2,364$1,820$1,005
23 years$4,666$3,643$2,814$2,153$1,634$872
24 years$4,425$3,413$2,602$1,964$1,469$758
25 years$4,202$3,203$2,410$1,793$1,322$659
26 years$3,998$3,011$2,235$1,640$1,190$574
27 years$3,808$2,833$2,076$1,501$1,073$499
28 years$3,633$2,670$1,930$1,375$968$435
29 years$3,470$2,519$1,796$1,261$875$379
30 years$3,318$2,379$1,673$1,157$790$331
31 years$3,176$2,249$1,559$1,063$714$288
32 years$3,043$2,128$1,455$977$646$251
33 years$2,919$2,015$1,358$898$585$219
34 years$2,802$1,910$1,269$826$529$192
35 years$2,692$1,811$1,187$761$480$167
36 years$2,589$1,719$1,110$701$435$146
37 years$2,491$1,633$1,039$646$394$127
38 years$2,399$1,552$973$595$357$111
39 years$2,311$1,476$912$549$324$97
40 years$2,228$1,404$854$506$294$85
41 years$2,150$1,336$801$467$266$74
42 years$2,075$1,273$752$431$242$65
43 years$2,004$1,213$705$398$219$57
44 years$1,937$1,156$662$367$199$50
45 years$1,872$1,102$622$339$181$43
46 years$1,811$1,052$584$313$164$38
47 years$1,752$1,003$548$289$149$33
48 years$1,696$958$515$267$135$29
49 years$1,643$915$484$247$123$25
50 years$1,591$874$455$228$112$22

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 $5,038 every year, while hoping to spend $23,634 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: 50/38/12 Blend
53$1,630,000$1,630,000$1,630,000$1,630,000
54$1,801,457$1,715,067$1,689,802$1,885,449
55$1,960,059$1,773,959$1,721,264$2,002,451
56$2,134,046$1,834,944$1,752,987$2,126,621
57$2,324,964$1,898,101$1,784,957$2,261,016
58$2,534,511$1,963,509$1,817,155$2,406,606
59$2,764,564$2,031,254$1,849,562$2,564,452
60$3,017,185$2,101,421$1,882,158$2,735,725
61$3,294,648$2,174,101$1,914,920$2,921,710
62$3,599,459$2,249,388$1,947,827$3,123,823
63$3,934,376$2,327,380$1,980,851$3,343,620
64$4,302,440$2,408,179$2,013,967$3,582,813
65$4,706,998$2,491,890$2,047,145$3,843,285
66$5,151,742$2,578,622$2,080,354$4,127,110
67$5,640,735$2,668,490$2,113,561$4,436,569
68$6,178,457$2,761,613$2,146,732$4,774,173
69$6,769,840$2,858,113$2,179,828$5,142,684
70$7,420,322$2,958,119$2,212,811$5,545,144
71$8,135,892$3,061,763$2,245,637$5,984,902
72$8,923,149$3,169,185$2,278,261$6,465,643
73$9,789,364$3,280,529$2,310,637$6,991,425
74$10,742,548$3,395,945$2,342,713$7,566,717
75$11,791,530$3,515,587$2,374,435$8,196,437
76$12,946,034$3,639,620$2,405,747$8,886,003
77$14,216,779$3,768,210$2,436,589$9,641,379
78$15,615,573$3,901,535$2,466,897$10,469,134
79$17,155,427$4,039,776$2,496,604$11,376,503
80$18,850,679$4,183,123$2,525,638$12,371,451
81$20,717,126$4,331,774$2,553,926$13,462,754
82$22,772,177$4,485,936$2,581,386$14,660,075
83$25,035,013$4,645,821$2,607,937$15,974,059
84$27,526,771$4,811,652$2,633,489$17,416,429
85$30,270,741$4,983,663$2,657,950$19,000,100
86$33,292,588$5,162,093$2,681,223$20,739,298
87$36,620,591$5,347,195$2,703,203$22,649,691
88$40,285,913$5,539,229$2,723,782$24,748,543
89$44,322,894$5,738,470$2,742,847$27,054,867
90$48,769,374$5,945,199$2,760,276$29,589,612
91$53,667,049$6,159,712$2,775,945$32,375,857
92$59,061,867$6,382,318$2,789,718$35,439,023
93$65,004,462$6,613,335$2,801,458$38,807,121
94$71,550,627$6,853,099$2,811,017$42,511,007
95$78,761,846$7,101,956$2,818,241$46,584,679
96$86,705,870$7,360,268$2,822,968$51,065,593
97$95,457,360$7,628,412$2,825,029$55,995,015
98$105,098,588$7,906,781$2,824,244$61,418,413
99$115,720,215$8,195,785$2,820,427$67,385,880
100$127,422,148$8,495,849$2,813,383$73,952,611