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%16.1%
1 years$134,604$133,405$132,235$131,093$129,978$126,733
2 years$66,636$65,395$64,192$63,026$61,895$58,646
3 years$43,982$42,736$41,536$40,381$39,268$36,117
4 years$32,658$31,416$30,228$29,092$28,007$24,978
5 years$25,865$24,630$23,458$22,346$21,290$18,392
6 years$21,338$20,112$18,958$17,870$16,846$14,081
7 years$18,106$16,890$15,754$14,692$13,700$11,069
8 years$15,683$14,478$13,361$12,325$11,366$8,867
9 years$13,799$12,606$11,507$10,498$9,572$7,203
10 years$12,293$11,111$10,032$9,049$8,156$5,915
11 years$11,061$9,892$8,832$7,876$7,014$4,898
12 years$10,036$8,878$7,839$6,908$6,078$4,083
13 years$9,169$8,023$7,003$6,099$5,300$3,422
14 years$8,426$7,293$6,292$5,414$4,646$2,880
15 years$7,784$6,662$5,681$4,828$4,091$2,433
16 years$7,222$6,113$5,151$4,323$3,616$2,062
17 years$6,726$5,629$4,687$3,884$3,206$1,751
18 years$6,286$5,202$4,279$3,500$2,850$1,491
19 years$5,893$4,821$3,917$3,163$2,541$1,271
20 years$5,540$4,480$3,595$2,865$2,269$1,085
21 years$5,221$4,173$3,306$2,600$2,031$928
22 years$4,931$3,895$3,047$2,364$1,820$794
23 years$4,666$3,643$2,814$2,153$1,634$680
24 years$4,425$3,413$2,602$1,964$1,469$583
25 years$4,202$3,203$2,410$1,793$1,322$501
26 years$3,998$3,011$2,235$1,640$1,190$430
27 years$3,808$2,833$2,076$1,501$1,073$369
28 years$3,633$2,670$1,930$1,375$968$317
29 years$3,470$2,519$1,796$1,261$875$272
30 years$3,318$2,379$1,673$1,157$790$234
31 years$3,176$2,249$1,559$1,063$714$201
32 years$3,043$2,128$1,455$977$646$173
33 years$2,919$2,015$1,358$898$585$149
34 years$2,802$1,910$1,269$826$529$128
35 years$2,692$1,811$1,187$761$480$110
36 years$2,589$1,719$1,110$701$435$95
37 years$2,491$1,633$1,039$646$394$82
38 years$2,399$1,552$973$595$357$70
39 years$2,311$1,476$912$549$324$61
40 years$2,228$1,404$854$506$294$52
41 years$2,150$1,336$801$467$266$45
42 years$2,075$1,273$752$431$242$39
43 years$2,004$1,213$705$398$219$33
44 years$1,937$1,156$662$367$199$29
45 years$1,872$1,102$622$339$181$25
46 years$1,811$1,052$584$313$164$21
47 years$1,752$1,003$548$289$149$18
48 years$1,696$958$515$267$135$16
49 years$1,643$915$484$247$123$14
50 years$1,591$874$455$228$112$12

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 $2,793 every year, while hoping to spend $53,965 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: 41/46/13 Blend
53$1,630,000$1,630,000$1,630,000$1,630,000
54$1,799,141$1,712,751$1,687,486$1,865,883
55$1,925,235$1,739,257$1,686,598$1,939,669
56$2,062,382$1,765,254$1,683,872$2,013,938
57$2,211,652$1,790,659$1,679,190$2,093,139
58$2,374,224$1,815,384$1,672,425$2,177,746
59$2,551,392$1,839,336$1,663,449$2,268,283
60$2,744,585$1,862,413$1,652,125$2,365,326
61$2,955,371$1,884,510$1,638,310$2,469,515
62$3,185,478$1,905,511$1,621,853$2,581,554
63$3,436,809$1,925,293$1,602,597$2,702,224
64$3,711,458$1,943,727$1,580,379$2,832,385
65$4,011,730$1,960,673$1,555,025$2,972,989
66$4,340,164$1,975,983$1,526,355$3,125,087
67$4,699,554$1,989,499$1,494,181$3,289,840
68$5,092,977$2,001,053$1,458,305$3,468,532
69$5,523,823$2,010,467$1,418,520$3,662,580
70$5,995,822$2,017,550$1,374,610$3,873,549
71$6,513,086$2,022,099$1,326,350$4,103,169
72$7,080,140$2,023,901$1,273,502$4,353,348
73$7,701,969$2,022,727$1,215,819$4,626,197
74$8,384,064$2,018,335$1,153,042$4,924,044
75$9,132,472$2,010,467$1,084,903$5,249,462
76$9,953,854$1,998,850$1,011,117$5,605,292
77$10,855,548$1,983,195$931,391$5,994,668
78$11,845,637$1,963,194$845,415$6,421,053
79$12,933,024$1,938,522$752,868$6,888,270
80$14,127,517$1,908,834$653,414$7,400,540
81$15,439,920$1,873,764$546,700$7,962,520
82$16,882,138$1,832,925$432,361$8,579,353
83$18,467,284$1,785,906$310,013$9,256,713
84$20,209,804$1,732,272$179,255$10,000,867
85$22,125,616$1,671,565$39,672$10,818,727
86$24,232,254$1,603,297$0$11,717,923
87$26,549,039$1,526,953$0$12,722,035
88$29,097,256$1,441,989$0$13,832,051
89$31,900,358$1,347,829$0$15,052,782
90$34,984,185$1,243,863$0$16,395,608
91$38,377,206$1,129,447$0$17,873,082
92$42,110,792$1,003,901$0$19,499,047
93$46,219,506$866,505$0$21,288,773
94$50,741,431$716,499$0$23,259,100
95$55,718,530$553,081$0$25,428,598
96$61,197,039$375,401$0$27,817,750
97$67,227,906$182,564$0$30,449,142
98$73,867,267$0$0$33,347,680
99$81,176,980$0$0$36,554,181
100$89,225,204$0$0$40,186,648