Can I retire at age 54 with 1,680,000?

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 $1,680,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.6%
1 years$138,733$137,497$136,291$135,115$133,966$129,833
2 years$68,680$67,401$66,161$64,959$63,793$59,666
3 years$45,332$44,047$42,810$41,620$40,473$36,480
4 years$33,660$32,379$31,155$29,985$28,866$25,038
5 years$26,659$25,386$24,178$23,031$21,943$18,292
6 years$21,993$20,729$19,539$18,418$17,363$13,890
7 years$18,661$17,408$16,237$15,143$14,121$10,826
8 years$16,164$14,922$13,770$12,703$11,714$8,597
9 years$14,222$12,993$11,860$10,820$9,865$6,920
10 years$12,670$11,452$10,340$9,327$8,406$5,629
11 years$11,401$10,195$9,103$8,117$7,229$4,617
12 years$10,344$9,151$8,079$7,120$6,265$3,811
13 years$9,450$8,270$7,218$6,286$5,463$3,161
14 years$8,685$7,517$6,485$5,580$4,789$2,634
15 years$8,022$6,867$5,855$4,976$4,216$2,202
16 years$7,443$6,300$5,309$4,456$3,726$1,845
17 years$6,932$5,802$4,831$4,003$3,304$1,551
18 years$6,479$5,361$4,410$3,608$2,938$1,305
19 years$6,074$4,969$4,037$3,260$2,619$1,100
20 years$5,710$4,617$3,705$2,953$2,339$929
21 years$5,381$4,301$3,408$2,680$2,093$785
22 years$5,082$4,015$3,141$2,436$1,876$664
23 years$4,810$3,755$2,900$2,219$1,684$562
24 years$4,560$3,518$2,682$2,024$1,514$477
25 years$4,331$3,302$2,484$1,848$1,362$404
26 years$4,120$3,103$2,304$1,690$1,227$343
27 years$3,925$2,920$2,139$1,547$1,106$291
28 years$3,744$2,752$1,989$1,417$998$247
29 years$3,576$2,596$1,851$1,300$901$209
30 years$3,420$2,452$1,724$1,193$814$178
31 years$3,274$2,318$1,607$1,095$736$151
32 years$3,137$2,193$1,500$1,007$666$128
33 years$3,009$2,077$1,400$926$603$109
34 years$2,888$1,968$1,308$852$546$93
35 years$2,775$1,867$1,223$784$494$79
36 years$2,668$1,772$1,144$722$448$67
37 years$2,567$1,683$1,071$665$406$57
38 years$2,472$1,599$1,003$613$368$48
39 years$2,382$1,521$940$565$334$41
40 years$2,297$1,447$881$522$303$35
41 years$2,216$1,377$826$481$275$30
42 years$2,139$1,312$775$444$249$25
43 years$2,066$1,250$727$410$226$21
44 years$1,996$1,191$682$379$205$18
45 years$1,930$1,136$641$350$186$16
46 years$1,866$1,084$602$323$169$13
47 years$1,806$1,034$565$298$154$11
48 years$1,748$987$531$276$140$10
49 years$1,693$943$499$255$127$8
50 years$1,640$901$469$235$115$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $1,680,000, adding $5,087 every year, while hoping to spend $36,747 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: 50/41/9 Blend
53$1,680,000$1,680,000$1,680,000$1,680,000
54$1,856,607$1,767,567$1,741,527$1,944,803
55$2,006,883$1,815,080$1,760,770$2,053,115
56$2,171,255$1,863,688$1,779,426$2,166,417
57$2,351,122$1,913,408$1,797,436$2,288,677
58$2,548,026$1,964,255$1,814,739$2,420,746
59$2,763,661$2,016,240$1,831,270$2,563,558
60$2,999,898$2,069,379$1,846,961$2,718,142
61$3,258,793$2,123,684$1,861,739$2,885,629
62$3,542,611$2,179,166$1,875,528$3,067,268
63$3,853,848$2,235,836$1,888,250$3,264,430
64$4,195,254$2,293,705$1,899,819$3,478,626
65$4,569,854$2,352,781$1,910,147$3,711,520
66$4,980,984$2,413,072$1,919,143$3,964,945
67$5,432,317$2,474,586$1,926,707$4,240,918
68$5,927,900$2,537,326$1,932,737$4,541,661
69$6,472,188$2,601,298$1,937,127$4,869,623
70$7,070,093$2,666,503$1,939,762$5,227,498
71$7,727,023$2,732,942$1,940,524$5,618,257
72$8,448,936$2,800,613$1,939,289$6,045,172
73$9,242,399$2,869,514$1,935,926$6,511,845
74$10,114,642$2,939,639$1,930,298$7,022,247
75$11,073,634$3,010,979$1,922,261$7,580,751
76$12,128,152$3,083,526$1,911,665$8,192,176
77$13,287,870$3,157,264$1,898,352$8,861,831
78$14,563,442$3,232,179$1,882,156$9,595,566
79$15,966,608$3,308,252$1,862,904$10,399,824
80$17,510,306$3,385,460$1,840,414$11,281,708
81$19,208,786$3,463,776$1,814,497$12,249,041
82$21,077,753$3,543,172$1,784,953$13,310,446
83$23,134,508$3,623,612$1,751,574$14,475,421
84$25,398,118$3,705,059$1,714,142$15,754,435
85$27,889,589$3,787,470$1,672,429$17,159,024
86$30,632,067$3,870,796$1,626,195$18,701,898
87$33,651,056$3,954,983$1,575,191$20,397,064
88$36,974,660$4,039,973$1,519,156$22,259,957
89$40,633,844$4,125,701$1,457,816$24,307,586
90$44,662,730$4,212,093$1,390,886$26,558,695
91$49,098,915$4,299,073$1,318,068$29,033,939
92$53,983,829$4,386,552$1,239,048$31,756,080
93$59,363,125$4,474,439$1,153,502$34,750,201
94$65,287,107$4,562,629$1,061,087$38,043,946
95$71,811,206$4,651,012$961,448$41,667,776
96$78,996,505$4,739,468$854,213$45,655,261
97$86,910,313$4,827,866$738,993$50,043,396
98$95,626,798$4,916,065$615,382$54,872,950
99$105,227,691$5,003,911$482,957$60,188,853
100$115,803,054$5,091,241$341,274$66,040,617