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%19.1%
1 years$134,604$133,405$132,235$131,093$129,978$125,217
2 years$66,636$65,395$64,192$63,026$61,895$57,151
3 years$43,982$42,736$41,536$40,381$39,268$34,691
4 years$32,658$31,416$30,228$29,092$28,007$23,631
5 years$25,865$24,630$23,458$22,346$21,290$17,127
6 years$21,338$20,112$18,958$17,870$16,846$12,899
7 years$18,106$16,890$15,754$14,692$13,700$9,968
8 years$15,683$14,478$13,361$12,325$11,366$7,845
9 years$13,799$12,606$11,507$10,498$9,572$6,258
10 years$12,293$11,111$10,032$9,049$8,156$5,043
11 years$11,061$9,892$8,832$7,876$7,014$4,096
12 years$10,036$8,878$7,839$6,908$6,078$3,347
13 years$9,169$8,023$7,003$6,099$5,300$2,748
14 years$8,426$7,293$6,292$5,414$4,646$2,266
15 years$7,784$6,662$5,681$4,828$4,091$1,874
16 years$7,222$6,113$5,151$4,323$3,616$1,554
17 years$6,726$5,629$4,687$3,884$3,206$1,291
18 years$6,286$5,202$4,279$3,500$2,850$1,075
19 years$5,893$4,821$3,917$3,163$2,541$896
20 years$5,540$4,480$3,595$2,865$2,269$748
21 years$5,221$4,173$3,306$2,600$2,031$625
22 years$4,931$3,895$3,047$2,364$1,820$522
23 years$4,666$3,643$2,814$2,153$1,634$437
24 years$4,425$3,413$2,602$1,964$1,469$366
25 years$4,202$3,203$2,410$1,793$1,322$307
26 years$3,998$3,011$2,235$1,640$1,190$257
27 years$3,808$2,833$2,076$1,501$1,073$215
28 years$3,633$2,670$1,930$1,375$968$180
29 years$3,470$2,519$1,796$1,261$875$151
30 years$3,318$2,379$1,673$1,157$790$127
31 years$3,176$2,249$1,559$1,063$714$107
32 years$3,043$2,128$1,455$977$646$89
33 years$2,919$2,015$1,358$898$585$75
34 years$2,802$1,910$1,269$826$529$63
35 years$2,692$1,811$1,187$761$480$53
36 years$2,589$1,719$1,110$701$435$44
37 years$2,491$1,633$1,039$646$394$37
38 years$2,399$1,552$973$595$357$31
39 years$2,311$1,476$912$549$324$26
40 years$2,228$1,404$854$506$294$22
41 years$2,150$1,336$801$467$266$18
42 years$2,075$1,273$752$431$242$16
43 years$2,004$1,213$705$398$219$13
44 years$1,937$1,156$662$367$199$11
45 years$1,872$1,102$622$339$181$9
46 years$1,811$1,052$584$313$164$8
47 years$1,752$1,003$548$289$149$6
48 years$1,696$958$515$267$135$5
49 years$1,643$915$484$247$123$5
50 years$1,591$874$455$228$112$4

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 $3,531 every year, while hoping to spend $23,020 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: 33/50/17 Blend
53$1,630,000$1,630,000$1,630,000$1,630,000
54$1,799,902$1,713,512$1,688,247$1,849,674
55$1,958,999$1,772,981$1,720,310$1,946,152
56$2,133,552$1,834,593$1,752,676$2,047,681
57$2,325,114$1,898,427$1,785,330$2,156,614
58$2,535,395$1,964,569$1,818,258$2,273,613
59$2,766,277$2,033,105$1,851,441$2,399,407
60$3,019,835$2,104,125$1,884,863$2,534,794
61$3,298,356$2,177,725$1,918,503$2,680,652
62$3,604,356$2,254,001$1,952,341$2,837,944
63$3,940,610$2,333,057$1,986,354$3,007,728
64$4,310,173$2,414,997$2,020,518$3,191,166
65$4,716,412$2,499,933$2,054,806$3,389,537
66$5,163,035$2,587,979$2,089,191$3,604,244
67$5,654,128$2,679,253$2,123,642$3,836,831
68$6,194,193$2,773,881$2,158,128$4,088,993
69$6,788,190$2,871,990$2,192,615$4,362,598
70$7,441,584$2,973,716$2,227,066$4,659,695
71$8,160,395$3,079,198$2,261,442$4,982,542
72$8,951,258$3,188,581$2,295,703$5,333,619
73$9,821,482$3,302,017$2,329,805$5,715,656
74$10,779,120$3,419,663$2,363,700$6,131,658
75$11,833,047$3,541,683$2,397,341$6,584,927
76$12,993,039$3,668,247$2,430,673$7,079,101
77$14,269,871$3,799,533$2,463,643$7,618,180
78$15,675,413$3,935,726$2,496,190$8,206,569
79$17,222,746$4,077,017$2,528,253$8,849,113
80$18,926,283$4,223,608$2,559,767$9,551,148
81$20,801,905$4,375,706$2,590,660$10,318,548
82$22,867,113$4,533,529$2,620,861$11,157,776
83$25,141,190$4,697,303$2,650,291$12,075,950
84$27,645,383$4,867,263$2,678,868$13,080,908
85$30,403,108$5,043,655$2,706,506$14,181,277
86$33,440,165$5,226,734$2,733,113$15,386,557
87$36,784,983$5,416,765$2,758,594$16,707,211
88$40,468,892$5,614,027$2,782,847$18,154,759
89$44,526,412$5,818,807$2,805,766$19,741,888
90$48,995,584$6,031,407$2,827,237$21,482,570
91$53,918,328$6,252,140$2,847,144$23,392,192
92$59,340,835$6,481,333$2,865,361$25,487,704
93$65,314,007$6,719,325$2,881,757$27,787,771
94$71,893,936$6,966,472$2,896,196$30,312,953
95$79,142,431$7,223,143$2,908,532$33,085,897
96$87,127,605$7,489,723$2,918,614$36,131,549
97$95,924,515$7,766,614$2,926,282$39,477,385
98$105,615,872$8,054,234$2,931,369$43,153,676
99$116,292,819$8,353,020$2,933,698$47,193,764
100$128,055,795$8,663,426$2,933,086$51,634,381