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

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 $1,660,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.3%
1 years$137,081$135,860$134,669$133,506$132,371$129,486
2 years$67,862$66,598$65,373$64,186$63,034$60,142
3 years$44,792$43,523$42,301$41,124$39,991$37,183
4 years$33,259$31,994$30,784$29,628$28,522$25,819
5 years$26,341$25,083$23,890$22,757$21,682$19,091
6 years$21,731$20,483$19,306$18,199$17,156$14,681
7 years$18,439$17,201$16,044$14,962$13,953$11,593
8 years$15,971$14,745$13,606$12,552$11,575$9,330
9 years$14,053$12,838$11,719$10,691$9,748$7,616
10 years$12,519$11,316$10,217$9,216$8,306$6,285
11 years$11,265$10,074$8,995$8,021$7,143$5,231
12 years$10,221$9,042$7,983$7,035$6,190$4,383
13 years$9,338$8,171$7,132$6,211$5,398$3,693
14 years$8,582$7,427$6,408$5,513$4,732$3,126
15 years$7,927$6,785$5,786$4,917$4,166$2,655
16 years$7,354$6,225$5,246$4,403$3,682$2,263
17 years$6,850$5,733$4,773$3,956$3,265$1,933
18 years$6,402$5,298$4,357$3,565$2,903$1,655
19 years$6,002$4,910$3,989$3,221$2,587$1,420
20 years$5,642$4,562$3,661$2,917$2,311$1,220
21 years$5,317$4,250$3,367$2,648$2,068$1,049
22 years$5,021$3,967$3,104$2,407$1,854$904
23 years$4,752$3,710$2,866$2,192$1,664$779
24 years$4,506$3,476$2,650$2,000$1,496$672
25 years$4,280$3,262$2,455$1,826$1,346$580
26 years$4,071$3,066$2,276$1,670$1,212$501
27 years$3,878$2,885$2,114$1,528$1,093$433
28 years$3,700$2,719$1,965$1,400$986$375
29 years$3,534$2,565$1,829$1,284$891$324
30 years$3,379$2,422$1,703$1,179$805$281
31 years$3,235$2,290$1,588$1,082$728$243
32 years$3,099$2,167$1,482$995$658$210
33 years$2,973$2,052$1,383$915$596$182
34 years$2,854$1,945$1,293$842$539$158
35 years$2,742$1,845$1,208$775$488$137
36 years$2,636$1,751$1,131$714$443$118
37 years$2,537$1,663$1,058$657$401$103
38 years$2,443$1,580$991$606$364$89
39 years$2,354$1,503$928$559$330$77
40 years$2,269$1,430$870$515$299$67
41 years$2,189$1,361$816$475$271$58
42 years$2,113$1,296$765$439$246$50
43 years$2,041$1,235$718$405$223$44
44 years$1,972$1,177$674$374$203$38
45 years$1,907$1,123$633$345$184$33
46 years$1,844$1,071$595$319$167$28
47 years$1,785$1,022$559$295$152$25
48 years$1,727$976$525$272$138$21
49 years$1,673$932$493$252$125$19
50 years$1,621$890$464$233$114$16

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 $2,524 every year, while hoping to spend $55,720 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: 61/21/18 Blend
53$1,660,000$1,660,000$1,660,000$1,660,000
54$1,831,924$1,743,944$1,718,214$1,935,064
55$1,959,494$1,770,111$1,716,488$2,031,123
56$2,098,209$1,795,693$1,712,837$2,129,474
57$2,249,147$1,820,603$1,707,138$2,235,515
58$2,413,494$1,844,746$1,699,260$2,350,002
59$2,592,554$1,868,022$1,689,070$2,473,762
60$2,787,764$1,890,325$1,676,423$2,607,713
61$3,000,705$1,911,540$1,661,172$2,752,864
62$3,233,117$1,931,545$1,643,161$2,910,328
63$3,486,914$1,950,210$1,622,226$3,081,335
64$3,764,205$1,967,397$1,598,197$3,267,240
65$4,067,311$1,982,956$1,570,894$3,469,536
66$4,398,787$1,996,731$1,540,129$3,689,872
67$4,761,447$2,008,555$1,505,707$3,930,067
68$5,158,389$2,018,249$1,467,423$4,192,126
69$5,593,025$2,025,622$1,425,061$4,478,259
70$6,069,110$2,030,474$1,378,397$4,790,908
71$6,590,782$2,032,590$1,327,196$5,132,761
72$7,162,597$2,031,742$1,271,212$5,506,786
73$7,789,573$2,027,689$1,210,189$5,916,255
74$8,477,237$2,020,174$1,143,858$6,364,778
75$9,231,677$2,008,924$1,071,939$6,856,334
76$10,059,596$1,993,650$994,138$7,395,313
77$10,968,382$1,974,045$910,148$7,986,555
78$11,966,169$1,949,786$819,650$8,635,398
79$13,061,919$1,920,526$722,309$9,347,729
80$14,265,505$1,885,902$617,777$10,130,038
81$15,587,801$1,845,526$505,687$10,989,484
82$17,040,789$1,798,988$385,660$11,933,960
83$18,637,667$1,745,857$257,297$12,972,168
84$20,392,976$1,685,671$120,183$14,113,706
85$22,322,736$1,617,945$0$15,369,155
86$24,444,597$1,542,166$0$16,755,203
87$26,778,003$1,457,789$0$18,304,653
88$29,344,378$1,364,240$0$20,008,672
89$32,167,327$1,260,909$0$21,882,994
90$35,272,855$1,147,155$0$23,944,957
91$38,689,619$1,022,298$0$26,213,674
92$42,449,188$885,619$0$28,710,210
93$46,586,350$736,359$0$31,457,780
94$51,139,434$573,717$0$34,481,974
95$56,150,673$396,845$0$37,810,993
96$61,666,601$204,850$0$41,475,921
97$67,738,493$0$0$45,511,019
98$74,422,849$0$0$49,954,786
99$81,781,922$0$0$54,899,380
100$89,884,310$0$0$60,343,571