Can I retire at age 54 with 1,670,000?

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 $1,670,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.3%
1 years$137,907$136,679$135,480$134,310$133,168$129,738
2 years$68,271$66,999$65,767$64,572$63,413$59,981
3 years$45,062$43,785$42,556$41,372$40,232$36,904
4 years$33,460$32,186$30,970$29,806$28,694$25,496
5 years$26,500$25,235$24,034$22,894$21,813$18,754
6 years$21,862$20,606$19,423$18,309$17,260$14,343
7 years$18,550$17,305$16,140$15,052$14,037$11,262
8 years$16,068$14,833$13,688$12,627$11,645$9,011
9 years$14,138$12,915$11,790$10,756$9,807$7,311
10 years$12,595$11,384$10,279$9,271$8,356$5,996
11 years$11,333$10,135$9,049$8,069$7,186$4,959
12 years$10,282$9,096$8,031$7,077$6,227$4,128
13 years$9,394$8,220$7,175$6,248$5,430$3,455
14 years$8,633$7,472$6,447$5,547$4,760$2,904
15 years$7,975$6,826$5,821$4,947$4,191$2,450
16 years$7,399$6,263$5,277$4,429$3,704$2,073
17 years$6,891$5,768$4,802$3,980$3,284$1,758
18 years$6,441$5,330$4,384$3,586$2,920$1,494
19 years$6,038$4,939$4,013$3,241$2,603$1,272
20 years$5,676$4,590$3,683$2,935$2,325$1,085
21 years$5,349$4,275$3,388$2,664$2,081$926
22 years$5,052$3,991$3,122$2,422$1,865$792
23 years$4,781$3,733$2,883$2,206$1,674$677
24 years$4,533$3,497$2,666$2,012$1,505$580
25 years$4,306$3,282$2,469$1,837$1,354$496
26 years$4,096$3,084$2,290$1,680$1,220$425
27 years$3,902$2,903$2,127$1,538$1,100$365
28 years$3,722$2,735$1,977$1,409$992$313
29 years$3,555$2,580$1,840$1,292$896$268
30 years$3,399$2,437$1,714$1,186$810$230
31 years$3,254$2,304$1,598$1,089$732$198
32 years$3,118$2,180$1,491$1,001$662$170
33 years$2,991$2,064$1,392$920$599$146
34 years$2,871$1,957$1,300$847$542$125
35 years$2,758$1,856$1,216$779$491$108
36 years$2,652$1,761$1,137$718$445$93
37 years$2,552$1,673$1,065$661$403$80
38 years$2,458$1,590$997$610$366$68
39 years$2,368$1,512$934$562$332$59
40 years$2,283$1,438$875$518$301$50
41 years$2,203$1,369$821$478$273$43
42 years$2,126$1,304$770$441$248$37
43 years$2,053$1,242$723$408$225$32
44 years$1,984$1,184$678$376$204$28
45 years$1,918$1,129$637$347$185$24
46 years$1,855$1,077$598$321$168$20
47 years$1,795$1,028$562$297$153$18
48 years$1,738$981$528$274$139$15
49 years$1,683$937$496$253$126$13
50 years$1,631$895$467$234$114$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $1,670,000, adding $6,428 every year, while hoping to spend $29,669 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: 60/23/17 Blend
53$1,670,000$1,670,000$1,670,000$1,670,000
54$1,846,970$1,758,460$1,732,575$1,949,367
55$2,003,794$1,813,057$1,759,049$2,073,869
56$2,175,619$1,869,335$1,785,415$2,205,768
57$2,363,944$1,927,345$1,811,639$2,348,972
58$2,570,421$1,987,139$1,837,683$2,504,579
59$2,796,867$2,048,772$1,863,509$2,673,798
60$3,045,285$2,112,299$1,889,074$2,857,959
61$3,317,880$2,177,778$1,914,334$3,058,526
62$3,617,082$2,245,267$1,939,242$3,277,111
63$3,945,567$2,314,828$1,963,750$3,515,491
64$4,306,283$2,386,523$1,987,804$3,775,620
65$4,702,478$2,460,417$2,011,349$4,059,652
66$5,137,729$2,536,575$2,034,327$4,369,958
67$5,615,976$2,615,067$2,056,676$4,709,149
68$6,141,563$2,695,962$2,078,332$5,080,101
69$6,719,270$2,779,332$2,099,224$5,485,983
70$7,354,369$2,865,253$2,119,281$5,930,285
71$8,052,665$2,953,800$2,138,427$6,416,849
72$8,820,554$3,045,053$2,156,581$6,949,911
73$9,665,082$3,139,093$2,173,659$7,534,134
74$10,594,014$3,236,002$2,189,571$8,174,657
75$11,615,906$3,335,868$2,204,223$8,877,141
76$12,740,181$3,438,778$2,217,517$9,647,821
77$13,977,224$3,544,824$2,229,349$10,493,568
78$15,338,479$3,654,098$2,239,610$11,421,951
79$16,836,553$3,766,698$2,248,186$12,441,309
80$18,485,337$3,882,722$2,254,956$13,560,831
81$20,300,138$4,002,271$2,259,793$14,790,640
82$22,297,821$4,125,452$2,262,566$16,141,889
83$24,496,971$4,252,371$2,263,134$17,626,868
84$26,918,064$4,383,140$2,261,351$19,259,118
85$29,583,665$4,517,871$2,257,064$21,053,557
86$32,518,635$4,656,684$2,250,112$23,026,627
87$35,750,372$4,799,697$2,240,327$25,196,440
88$39,309,063$4,947,035$2,227,531$27,582,956
89$43,227,973$5,098,826$2,211,539$30,208,169
90$47,543,758$5,255,200$2,192,157$33,096,312
91$52,296,809$5,416,292$2,169,182$36,274,089
92$57,531,634$5,582,241$2,142,400$39,770,926
93$63,297,278$5,753,189$2,111,588$43,619,246
94$69,647,787$5,929,281$2,076,513$47,854,778
95$76,642,714$6,110,669$2,036,929$52,516,894
96$84,347,686$6,297,507$1,992,582$57,648,977
97$92,835,019$6,489,954$1,943,202$63,298,834
98$102,184,402$6,688,172$1,888,510$69,519,147
99$112,483,648$6,892,330$1,828,212$76,367,967
100$123,829,525$7,102,599$1,762,002$83,909,264