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

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 $1,670,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.8%
1 years$137,907$136,679$135,480$134,310$133,168$131,070
2 years$68,271$66,999$65,767$64,572$63,413$61,305
3 years$45,062$43,785$42,556$41,372$40,232$38,179
4 years$33,460$32,186$30,970$29,806$28,694$26,712
5 years$26,500$25,235$24,034$22,894$21,813$19,908
6 years$21,862$20,606$19,423$18,309$17,260$15,434
7 years$18,550$17,305$16,140$15,052$14,037$12,290
8 years$16,068$14,833$13,688$12,627$11,645$9,978
9 years$14,138$12,915$11,790$10,756$9,807$8,218
10 years$12,595$11,384$10,279$9,271$8,356$6,844
11 years$11,333$10,135$9,049$8,069$7,186$5,751
12 years$10,282$9,096$8,031$7,077$6,227$4,866
13 years$9,394$8,220$7,175$6,248$5,430$4,141
14 years$8,633$7,472$6,447$5,547$4,760$3,540
15 years$7,975$6,826$5,821$4,947$4,191$3,039
16 years$7,399$6,263$5,277$4,429$3,704$2,617
17 years$6,891$5,768$4,802$3,980$3,284$2,260
18 years$6,441$5,330$4,384$3,586$2,920$1,956
19 years$6,038$4,939$4,013$3,241$2,603$1,697
20 years$5,676$4,590$3,683$2,935$2,325$1,474
21 years$5,349$4,275$3,388$2,664$2,081$1,283
22 years$5,052$3,991$3,122$2,422$1,865$1,118
23 years$4,781$3,733$2,883$2,206$1,674$975
24 years$4,533$3,497$2,666$2,012$1,505$851
25 years$4,306$3,282$2,469$1,837$1,354$744
26 years$4,096$3,084$2,290$1,680$1,220$650
27 years$3,902$2,903$2,127$1,538$1,100$569
28 years$3,722$2,735$1,977$1,409$992$498
29 years$3,555$2,580$1,840$1,292$896$436
30 years$3,399$2,437$1,714$1,186$810$382
31 years$3,254$2,304$1,598$1,089$732$335
32 years$3,118$2,180$1,491$1,001$662$294
33 years$2,991$2,064$1,392$920$599$258
34 years$2,871$1,957$1,300$847$542$226
35 years$2,758$1,856$1,216$779$491$198
36 years$2,652$1,761$1,137$718$445$174
37 years$2,552$1,673$1,065$661$403$153
38 years$2,458$1,590$997$610$366$134
39 years$2,368$1,512$934$562$332$118
40 years$2,283$1,438$875$518$301$103
41 years$2,203$1,369$821$478$273$91
42 years$2,126$1,304$770$441$248$80
43 years$2,053$1,242$723$408$225$70
44 years$1,984$1,184$678$376$204$61
45 years$1,918$1,129$637$347$185$54
46 years$1,855$1,077$598$321$168$47
47 years$1,795$1,028$562$297$153$42
48 years$1,738$981$528$274$139$37
49 years$1,683$937$496$253$126$32
50 years$1,631$895$467$234$114$28

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 $2,803 every year, while hoping to spend $53,707 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: 38/35/27 Blend
53$1,670,000$1,670,000$1,670,000$1,670,000
54$1,843,231$1,754,721$1,728,836$1,898,353
55$1,974,097$1,783,559$1,729,608$1,967,857
56$2,116,511$1,812,009$1,728,607$2,037,777
57$2,271,595$1,839,997$1,725,714$2,112,309
58$2,440,581$1,867,441$1,720,810$2,191,906
59$2,624,829$1,894,254$1,713,766$2,277,069
60$2,825,833$1,920,344$1,704,448$2,368,352
61$3,045,237$1,945,610$1,692,716$2,466,369
62$3,284,852$1,969,945$1,678,422$2,571,797
63$3,546,671$1,993,237$1,661,414$2,685,387
64$3,832,888$2,015,363$1,641,528$2,807,968
65$4,145,921$2,036,193$1,618,597$2,940,457
66$4,488,428$2,055,590$1,592,443$3,083,868
67$4,863,339$2,073,405$1,562,881$3,239,322
68$5,273,879$2,089,481$1,529,718$3,408,058
69$5,723,600$2,103,652$1,492,749$3,591,445
70$6,216,415$2,115,738$1,451,763$3,790,997
71$6,756,630$2,125,550$1,406,538$4,008,386
72$7,348,990$2,132,886$1,356,841$4,245,461
73$7,998,722$2,137,532$1,302,430$4,504,263
74$8,711,580$2,139,259$1,243,050$4,787,048
75$9,493,905$2,137,827$1,178,436$5,096,309
76$10,352,680$2,132,977$1,108,310$5,434,799
77$11,295,598$2,124,438$1,032,383$5,805,557
78$12,331,132$2,111,918$950,351$6,211,941
79$13,468,617$2,095,112$861,897$6,657,660
80$14,718,336$2,073,693$766,691$7,146,808
81$16,091,618$2,047,315$664,387$7,683,905
82$17,600,944$2,015,614$554,625$8,273,945
83$19,260,062$1,978,201$437,026$8,922,435
84$21,084,120$1,934,665$311,199$9,635,461
85$23,089,808$1,884,571$176,731$10,419,736
86$25,295,511$1,827,458$33,195$11,282,670
87$27,721,489$1,762,839$0$12,232,445
88$30,390,060$1,690,197$0$13,312,653
89$33,325,816$1,608,987$0$14,511,141
90$36,555,852$1,518,630$0$15,829,470
91$40,110,023$1,418,517$0$17,279,917
92$44,021,221$1,308,000$0$18,876,017
93$48,325,690$1,186,397$0$20,632,696
94$53,063,366$1,052,986$0$22,566,411
95$58,278,252$907,004$0$24,695,308
96$64,018,832$747,645$0$27,039,392
97$70,338,531$574,058$0$29,620,723
98$77,296,218$385,344$0$32,463,619
99$84,956,758$180,552$0$35,594,895
100$93,391,627$0$0$39,044,112