Can I retire at age 54 with 1,660,000?

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 $1,660,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17%
1 years$137,081$135,860$134,669$133,506$132,371$128,597
2 years$67,862$66,598$65,373$64,186$63,034$59,261
3 years$44,792$43,523$42,301$41,124$39,991$36,338
4 years$33,259$31,994$30,784$29,628$28,522$25,016
5 years$26,341$25,083$23,890$22,757$21,682$18,333
6 years$21,731$20,483$19,306$18,199$17,156$13,968
7 years$18,439$17,201$16,044$14,962$13,953$10,924
8 years$15,971$14,745$13,606$12,552$11,575$8,705
9 years$14,053$12,838$11,719$10,691$9,748$7,033
10 years$12,519$11,316$10,217$9,216$8,306$5,743
11 years$11,265$10,074$8,995$8,021$7,143$4,728
12 years$10,221$9,042$7,983$7,035$6,190$3,918
13 years$9,338$8,171$7,132$6,211$5,398$3,264
14 years$8,582$7,427$6,408$5,513$4,732$2,730
15 years$7,927$6,785$5,786$4,917$4,166$2,292
16 years$7,354$6,225$5,246$4,403$3,682$1,929
17 years$6,850$5,733$4,773$3,956$3,265$1,628
18 years$6,402$5,298$4,357$3,565$2,903$1,377
19 years$6,002$4,910$3,989$3,221$2,587$1,166
20 years$5,642$4,562$3,661$2,917$2,311$989
21 years$5,317$4,250$3,367$2,648$2,068$840
22 years$5,021$3,967$3,104$2,407$1,854$714
23 years$4,752$3,710$2,866$2,192$1,664$607
24 years$4,506$3,476$2,650$2,000$1,496$517
25 years$4,280$3,262$2,455$1,826$1,346$440
26 years$4,071$3,066$2,276$1,670$1,212$375
27 years$3,878$2,885$2,114$1,528$1,093$320
28 years$3,700$2,719$1,965$1,400$986$273
29 years$3,534$2,565$1,829$1,284$891$233
30 years$3,379$2,422$1,703$1,179$805$199
31 years$3,235$2,290$1,588$1,082$728$170
32 years$3,099$2,167$1,482$995$658$145
33 years$2,973$2,052$1,383$915$596$124
34 years$2,854$1,945$1,293$842$539$106
35 years$2,742$1,845$1,208$775$488$90
36 years$2,636$1,751$1,131$714$443$77
37 years$2,537$1,663$1,058$657$401$66
38 years$2,443$1,580$991$606$364$56
39 years$2,354$1,503$928$559$330$48
40 years$2,269$1,430$870$515$299$41
41 years$2,189$1,361$816$475$271$35
42 years$2,113$1,296$765$439$246$30
43 years$2,041$1,235$718$405$223$26
44 years$1,972$1,177$674$374$203$22
45 years$1,907$1,123$633$345$184$19
46 years$1,844$1,071$595$319$167$16
47 years$1,785$1,022$559$295$152$14
48 years$1,727$976$525$272$138$12
49 years$1,673$932$493$252$125$10
50 years$1,621$890$464$233$114$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $1,660,000, adding $4,405 every year, while hoping to spend $42,405 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: 64/15/21 Blend
53$1,660,000$1,660,000$1,660,000$1,660,000
54$1,833,864$1,745,884$1,720,154$1,941,074
55$1,975,799$1,786,313$1,732,660$2,054,210
56$2,130,791$1,827,303$1,744,165$2,172,583
57$2,300,126$1,868,835$1,754,588$2,300,925
58$2,485,221$1,910,890$1,763,849$2,440,217
59$2,687,635$1,953,446$1,771,860$2,591,535
60$2,909,087$1,996,478$1,778,531$2,756,068
61$3,151,468$2,039,959$1,783,765$2,935,124
62$3,416,859$2,083,858$1,787,463$3,130,145
63$3,707,555$2,128,143$1,789,519$3,342,722
64$4,026,080$2,172,777$1,789,822$3,574,605
65$4,375,215$2,217,718$1,788,256$3,827,725
66$4,758,025$2,262,924$1,784,701$4,104,209
67$5,177,882$2,308,346$1,779,026$4,406,401
68$5,638,502$2,353,931$1,771,100$4,736,884
69$6,143,979$2,399,623$1,760,782$5,098,506
70$6,698,820$2,445,360$1,747,923$5,494,405
71$7,307,992$2,491,075$1,732,371$5,928,040
72$7,976,965$2,536,696$1,713,963$6,403,223
73$8,711,765$2,582,144$1,692,531$6,924,154
74$9,519,032$2,627,335$1,667,897$7,495,465
75$10,406,077$2,672,179$1,639,876$8,122,259
76$11,380,958$2,716,577$1,608,273$8,810,161
77$12,452,552$2,760,425$1,572,886$9,565,371
78$13,630,636$2,803,609$1,533,501$10,394,721
79$14,925,984$2,846,009$1,489,897$11,305,743
80$16,350,466$2,887,495$1,441,840$12,306,738
81$17,917,159$2,927,928$1,389,087$13,406,854
82$19,640,471$2,967,159$1,331,384$14,616,175
83$21,536,278$3,005,028$1,268,464$15,945,814
84$23,622,070$3,041,367$1,200,049$17,408,021
85$25,917,120$3,075,992$1,125,849$19,016,296
86$28,442,661$3,108,710$1,045,560$20,785,519
87$31,222,090$3,139,314$958,863$22,732,090
88$34,281,186$3,167,584$865,429$24,874,085
89$37,648,355$3,193,284$764,909$27,231,425
90$41,354,896$3,216,163$656,942$29,826,066
91$45,435,296$3,235,956$541,150$32,682,209
92$49,927,556$3,252,377$417,138$35,826,525
93$54,873,549$3,265,126$284,494$39,288,409
94$60,319,414$3,273,881$142,789$43,100,260
95$66,315,995$3,278,301$0$47,297,784
96$72,919,312$3,278,024$0$51,922,225
97$80,191,099$3,272,664$0$57,049,331
98$88,199,380$3,261,813$0$62,694,985
99$97,019,112$3,245,038$0$68,911,986
100$106,732,894$3,221,877$0$75,758,513