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%13.8%
1 years$137,081$135,860$134,669$133,506$132,371$130,285
2 years$67,862$66,598$65,373$64,186$63,034$60,938
3 years$44,792$43,523$42,301$41,124$39,991$37,950
4 years$33,259$31,994$30,784$29,628$28,522$26,552
5 years$26,341$25,083$23,890$22,757$21,682$19,788
6 years$21,731$20,483$19,306$18,199$17,156$15,341
7 years$18,439$17,201$16,044$14,962$13,953$12,217
8 years$15,971$14,745$13,606$12,552$11,575$9,918
9 years$14,053$12,838$11,719$10,691$9,748$8,169
10 years$12,519$11,316$10,217$9,216$8,306$6,803
11 years$11,265$10,074$8,995$8,021$7,143$5,716
12 years$10,221$9,042$7,983$7,035$6,190$4,836
13 years$9,338$8,171$7,132$6,211$5,398$4,116
14 years$8,582$7,427$6,408$5,513$4,732$3,519
15 years$7,927$6,785$5,786$4,917$4,166$3,021
16 years$7,354$6,225$5,246$4,403$3,682$2,601
17 years$6,850$5,733$4,773$3,956$3,265$2,246
18 years$6,402$5,298$4,357$3,565$2,903$1,945
19 years$6,002$4,910$3,989$3,221$2,587$1,687
20 years$5,642$4,562$3,661$2,917$2,311$1,465
21 years$5,317$4,250$3,367$2,648$2,068$1,275
22 years$5,021$3,967$3,104$2,407$1,854$1,111
23 years$4,752$3,710$2,866$2,192$1,664$969
24 years$4,506$3,476$2,650$2,000$1,496$846
25 years$4,280$3,262$2,455$1,826$1,346$739
26 years$4,071$3,066$2,276$1,670$1,212$646
27 years$3,878$2,885$2,114$1,528$1,093$565
28 years$3,700$2,719$1,965$1,400$986$495
29 years$3,534$2,565$1,829$1,284$891$434
30 years$3,379$2,422$1,703$1,179$805$380
31 years$3,235$2,290$1,588$1,082$728$333
32 years$3,099$2,167$1,482$995$658$292
33 years$2,973$2,052$1,383$915$596$256
34 years$2,854$1,945$1,293$842$539$225
35 years$2,742$1,845$1,208$775$488$197
36 years$2,636$1,751$1,131$714$443$173
37 years$2,537$1,663$1,058$657$401$152
38 years$2,443$1,580$991$606$364$133
39 years$2,354$1,503$928$559$330$117
40 years$2,269$1,430$870$515$299$103
41 years$2,189$1,361$816$475$271$90
42 years$2,113$1,296$765$439$246$79
43 years$2,041$1,235$718$405$223$70
44 years$1,972$1,177$674$374$203$61
45 years$1,907$1,123$633$345$184$54
46 years$1,844$1,071$595$319$167$47
47 years$1,785$1,022$559$295$152$41
48 years$1,727$976$525$272$138$36
49 years$1,673$932$493$252$125$32
50 years$1,621$890$464$233$114$28

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 $4,205 every year, while hoping to spend $38,270 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: 39/48/13 Blend
53$1,660,000$1,660,000$1,660,000$1,660,000
54$1,833,657$1,745,677$1,719,947$1,897,843
55$1,979,972$1,790,497$1,736,847$1,988,612
56$2,139,927$1,836,229$1,753,029$2,082,646
57$2,314,875$1,882,880$1,768,431$2,183,483
58$2,506,303$1,930,452$1,782,984$2,291,756
59$2,715,848$1,978,947$1,796,617$2,408,160
60$2,945,316$2,028,366$1,809,255$2,533,460
61$3,196,691$2,078,709$1,820,818$2,668,500
62$3,472,162$2,129,974$1,831,223$2,814,207
63$3,774,136$2,182,157$1,840,383$2,971,603
64$4,105,269$2,235,253$1,848,207$3,141,815
65$4,468,481$2,289,255$1,854,597$3,326,080
66$4,866,992$2,344,155$1,859,452$3,525,766
67$5,304,347$2,399,940$1,862,665$3,742,375
68$5,784,451$2,456,598$1,864,125$3,977,565
69$6,311,606$2,514,112$1,863,714$4,233,160
70$6,890,551$2,572,465$1,861,310$4,511,172
71$7,526,506$2,631,634$1,856,782$4,813,815
72$8,225,222$2,691,596$1,849,997$5,143,532
73$8,993,034$2,752,323$1,840,810$5,503,012
74$9,836,920$2,813,784$1,829,075$5,895,220
75$10,764,571$2,875,945$1,814,634$6,323,421
76$11,784,457$2,938,766$1,797,324$6,791,215
77$12,905,912$3,002,206$1,776,974$7,302,569
78$14,139,217$3,066,216$1,753,405$7,861,855
79$15,495,702$3,130,745$1,726,429$8,473,889
80$16,987,848$3,195,736$1,695,849$9,143,982
81$18,629,408$3,261,127$1,661,459$9,877,985
82$20,435,535$3,326,849$1,623,045$10,682,348
83$22,422,923$3,392,828$1,580,381$11,564,178
84$24,609,968$3,458,983$1,533,230$12,531,308
85$27,016,938$3,525,227$1,481,347$13,592,374
86$29,666,167$3,591,465$1,424,474$14,756,890
87$32,582,263$3,657,594$1,362,341$16,035,346
88$35,792,341$3,723,502$1,294,666$17,439,301
89$39,326,277$3,789,071$1,221,154$18,981,496
90$43,216,992$3,854,171$1,141,498$20,675,974
91$47,500,763$3,918,663$1,055,376$22,538,212
92$52,217,561$3,982,398$962,451$24,585,269
93$57,411,432$4,045,214$862,372$26,835,948
94$63,130,909$4,106,941$754,773$29,310,971
95$69,429,473$4,167,393$639,270$32,033,179
96$76,366,057$4,226,372$515,462$35,027,747
97$84,005,597$4,283,667$382,933$38,322,421
98$92,419,652$4,339,050$241,245$41,947,783
99$101,687,073$4,392,281$89,943$45,937,539
100$111,894,750$4,443,098$0$50,328,838