Can I retire at age 54 with 1,650,000?

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 $1,650,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.8%
1 years$136,255$135,042$133,858$132,702$131,573$128,445
2 years$67,453$66,197$64,979$63,799$62,654$59,520
3 years$44,522$43,260$42,046$40,877$39,750$36,709
4 years$33,059$31,801$30,599$29,449$28,350$25,426
5 years$26,183$24,932$23,746$22,620$21,551$18,751
6 years$21,600$20,359$19,190$18,089$17,053$14,380
7 years$18,328$17,098$15,947$14,872$13,869$11,323
8 years$15,875$14,656$13,524$12,476$11,505$9,086
9 years$13,968$12,761$11,649$10,627$9,689$7,395
10 years$12,444$11,248$10,156$9,160$8,256$6,083
11 years$11,197$10,013$8,941$7,972$7,100$5,047
12 years$10,159$8,987$7,935$6,993$6,153$4,215
13 years$9,281$8,122$7,089$6,174$5,365$3,540
14 years$8,530$7,383$6,370$5,480$4,703$2,986
15 years$7,879$6,744$5,751$4,887$4,141$2,528
16 years$7,310$6,188$5,214$4,376$3,660$2,146
17 years$6,809$5,699$4,745$3,932$3,245$1,827
18 years$6,363$5,266$4,331$3,543$2,885$1,559
19 years$5,966$4,880$3,965$3,202$2,572$1,332
20 years$5,608$4,535$3,639$2,900$2,297$1,140
21 years$5,285$4,224$3,347$2,632$2,056$977
22 years$4,991$3,943$3,085$2,393$1,843$838
23 years$4,724$3,688$2,848$2,179$1,654$720
24 years$4,479$3,455$2,634$1,988$1,487$619
25 years$4,254$3,243$2,440$1,815$1,338$532
26 years$4,047$3,048$2,263$1,660$1,205$458
27 years$3,855$2,868$2,101$1,519$1,086$394
28 years$3,677$2,703$1,953$1,392$980$339
29 years$3,512$2,550$1,818$1,276$885$292
30 years$3,359$2,408$1,693$1,171$800$252
31 years$3,215$2,276$1,578$1,076$723$217
32 years$3,081$2,154$1,473$989$654$187
33 years$2,955$2,040$1,375$909$592$162
34 years$2,837$1,933$1,285$837$536$139
35 years$2,725$1,834$1,201$770$485$120
36 years$2,621$1,740$1,124$709$440$104
37 years$2,522$1,653$1,052$653$399$90
38 years$2,428$1,571$985$602$361$77
39 years$2,340$1,494$923$555$328$67
40 years$2,256$1,421$865$512$297$58
41 years$2,176$1,353$811$473$270$50
42 years$2,101$1,288$761$436$245$43
43 years$2,029$1,228$714$403$222$37
44 years$1,960$1,170$670$372$202$32
45 years$1,895$1,116$629$343$183$28
46 years$1,833$1,064$591$317$166$24
47 years$1,774$1,016$555$293$151$21
48 years$1,717$970$522$271$137$18
49 years$1,663$926$490$250$124$15
50 years$1,611$885$461$231$113$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $1,650,000, adding $5,027 every year, while hoping to spend $48,588 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: 60/30/10 Blend
53$1,650,000$1,650,000$1,650,000$1,650,000
54$1,823,485$1,736,035$1,710,460$1,928,384
55$1,957,784$1,769,404$1,716,064$2,032,770
56$2,104,152$1,802,779$1,720,226$2,140,611
57$2,263,770$1,836,110$1,722,848$2,257,044
58$2,437,936$1,869,341$1,723,825$2,382,899
59$2,628,080$1,902,413$1,723,048$2,519,091
60$2,835,776$1,935,262$1,720,401$2,666,630
61$3,062,754$1,967,820$1,715,764$2,826,625
62$3,310,923$2,000,011$1,709,010$3,000,302
63$3,582,382$2,031,756$1,700,006$3,189,011
64$3,879,442$2,062,969$1,688,614$3,394,238
65$4,204,650$2,093,560$1,674,688$3,617,623
66$4,560,808$2,123,428$1,658,074$3,860,974
67$4,951,004$2,152,470$1,638,613$4,126,281
68$5,378,638$2,180,572$1,616,137$4,415,740
69$5,847,453$2,207,614$1,590,472$4,731,772
70$6,361,573$2,233,467$1,561,432$5,077,042
71$6,925,540$2,257,993$1,528,827$5,454,491
72$7,544,357$2,281,047$1,492,455$5,867,361
73$8,223,534$2,302,471$1,452,105$6,319,224
74$8,969,142$2,322,099$1,407,558$6,814,018
75$9,787,866$2,339,754$1,358,582$7,356,085
76$10,687,072$2,355,245$1,304,938$7,950,211
77$11,674,873$2,368,372$1,246,374$8,601,671
78$12,760,208$2,378,921$1,182,626$9,316,281
79$13,952,924$2,386,663$1,113,418$10,100,453
80$15,263,870$2,391,356$1,038,465$10,961,252
81$16,704,995$2,392,743$957,464$11,906,469
82$18,289,468$2,390,551$870,103$12,944,693
83$20,031,795$2,384,490$776,053$14,085,391
84$21,947,959$2,374,250$674,971$15,338,996
85$24,055,569$2,359,506$566,500$16,717,015
86$26,374,025$2,339,911$450,266$18,232,126
87$28,924,705$2,315,095$325,880$19,898,308
88$31,731,161$2,284,671$192,933$21,730,970
89$34,819,343$2,248,224$51,000$23,747,097
90$38,217,846$2,205,317$0$25,965,412
91$41,958,175$2,155,486$0$28,417,271
92$46,075,043$2,098,239$0$31,121,209
93$50,606,702$2,033,057$0$34,096,906
94$55,595,298$1,959,389$0$37,372,054
95$61,087,272$1,876,653$0$40,977,179
96$67,133,797$1,784,232$0$44,945,921
97$73,791,260$1,681,475$0$49,315,358
98$81,121,793$1,567,692$0$54,126,354
99$89,193,861$1,442,154$0$59,423,950
100$98,082,905$1,304,091$0$65,257,784