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%11.9%
1 years$138,733$137,497$136,291$135,115$133,966$132,899
2 years$68,680$67,401$66,161$64,959$63,793$62,718
3 years$45,332$44,047$42,810$41,620$40,473$39,422
4 years$33,660$32,379$31,155$29,985$28,866$27,848
5 years$26,659$25,386$24,178$23,031$21,943$20,961
6 years$21,993$20,729$19,539$18,418$17,363$16,418
7 years$18,661$17,408$16,237$15,143$14,121$13,213
8 years$16,164$14,922$13,770$12,703$11,714$10,845
9 years$14,222$12,993$11,860$10,820$9,865$9,033
10 years$12,670$11,452$10,340$9,327$8,406$7,610
11 years$11,401$10,195$9,103$8,117$7,229$6,469
12 years$10,344$9,151$8,079$7,120$6,265$5,540
13 years$9,450$8,270$7,218$6,286$5,463$4,773
14 years$8,685$7,517$6,485$5,580$4,789$4,133
15 years$8,022$6,867$5,855$4,976$4,216$3,594
16 years$7,443$6,300$5,309$4,456$3,726$3,136
17 years$6,932$5,802$4,831$4,003$3,304$2,744
18 years$6,479$5,361$4,410$3,608$2,938$2,408
19 years$6,074$4,969$4,037$3,260$2,619$2,118
20 years$5,710$4,617$3,705$2,953$2,339$1,866
21 years$5,381$4,301$3,408$2,680$2,093$1,647
22 years$5,082$4,015$3,141$2,436$1,876$1,456
23 years$4,810$3,755$2,900$2,219$1,684$1,288
24 years$4,560$3,518$2,682$2,024$1,514$1,141
25 years$4,331$3,302$2,484$1,848$1,362$1,012
26 years$4,120$3,103$2,304$1,690$1,227$898
27 years$3,925$2,920$2,139$1,547$1,106$798
28 years$3,744$2,752$1,989$1,417$998$709
29 years$3,576$2,596$1,851$1,300$901$631
30 years$3,420$2,452$1,724$1,193$814$561
31 years$3,274$2,318$1,607$1,095$736$500
32 years$3,137$2,193$1,500$1,007$666$445
33 years$3,009$2,077$1,400$926$603$397
34 years$2,888$1,968$1,308$852$546$354
35 years$2,775$1,867$1,223$784$494$315
36 years$2,668$1,772$1,144$722$448$281
37 years$2,567$1,683$1,071$665$406$251
38 years$2,472$1,599$1,003$613$368$224
39 years$2,382$1,521$940$565$334$200
40 years$2,297$1,447$881$522$303$178
41 years$2,216$1,377$826$481$275$159
42 years$2,139$1,312$775$444$249$142
43 years$2,066$1,250$727$410$226$127
44 years$1,996$1,191$682$379$205$113
45 years$1,930$1,136$641$350$186$101
46 years$1,866$1,084$602$323$169$90
47 years$1,806$1,034$565$298$154$81
48 years$1,748$987$531$276$140$72
49 years$1,693$943$499$255$127$64
50 years$1,640$901$469$235$115$57

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 $3,201 every year, while hoping to spend $46,245 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: 45/32/23 Blend
53$1,680,000$1,680,000$1,680,000$1,680,000
54$1,854,662$1,765,622$1,739,582$1,925,689
55$1,994,633$1,802,933$1,748,654$2,013,420
56$2,147,331$1,840,522$1,756,479$2,103,729
57$2,314,006$1,878,355$1,762,968$2,200,735
58$2,496,033$1,916,392$1,768,025$2,305,087
59$2,694,925$1,954,592$1,771,551$2,417,497
60$2,912,349$1,992,909$1,773,440$2,538,750
61$3,150,141$2,031,294$1,773,583$2,669,716
62$3,410,321$2,069,693$1,771,863$2,811,349
63$3,695,113$2,108,047$1,768,160$2,964,705
64$4,006,968$2,146,295$1,762,346$3,130,949
65$4,348,582$2,184,368$1,754,289$3,311,363
66$4,722,929$2,222,192$1,743,849$3,507,362
67$5,133,278$2,259,690$1,730,878$3,720,510
68$5,583,234$2,296,777$1,715,224$3,952,527
69$6,076,766$2,333,361$1,696,726$4,205,314
70$6,618,246$2,369,345$1,675,216$4,480,966
71$7,212,488$2,404,625$1,650,517$4,781,793
72$7,864,798$2,439,087$1,622,445$5,110,345
73$8,581,017$2,472,612$1,590,807$5,469,433
74$9,367,581$2,505,071$1,555,400$5,862,158
75$10,231,582$2,536,326$1,516,013$6,291,938
76$11,180,828$2,566,231$1,472,424$6,762,546
77$12,223,924$2,594,629$1,424,403$7,278,142
78$13,370,350$2,621,351$1,371,706$7,843,311
79$14,630,549$2,646,220$1,314,081$8,463,112
80$16,016,025$2,669,045$1,251,262$9,143,125
81$17,539,454$2,689,622$1,182,974$9,889,502
82$19,214,801$2,707,737$1,108,927$10,709,027
83$21,057,453$2,723,158$1,028,818$11,609,180
84$23,084,362$2,735,642$942,332$12,598,212
85$25,314,205$2,744,927$849,139$13,685,220
86$27,767,563$2,750,737$748,894$14,880,234
87$30,467,109$2,752,778$641,236$16,194,314
88$33,437,828$2,750,737$525,791$17,639,656
89$36,707,246$2,744,283$402,165$19,229,707
90$40,305,696$2,733,064$269,949$20,979,292
91$44,266,599$2,716,707$128,714$22,904,759
92$48,626,781$2,694,813$0$25,024,129
93$53,426,818$2,666,965$0$27,362,676
94$58,711,422$2,632,714$0$29,970,966
95$64,529,860$2,591,591$0$32,841,650
96$70,936,420$2,543,093$0$36,001,481
97$77,990,921$2,486,691$0$39,479,944
98$85,759,280$2,421,823$0$43,309,538
99$94,314,129$2,347,896$0$47,526,081
100$103,735,507$2,264,279$0$52,169,052