Can I retire at age 54 with 1,700,000?

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 $1,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.1%
1 years$140,384$139,134$137,914$136,723$135,560$134,932
2 years$69,497$68,203$66,949$65,732$64,553$63,919
3 years$45,871$44,571$43,320$42,115$40,955$40,335
4 years$34,061$32,765$31,526$30,342$29,209$28,608
5 years$26,976$25,688$24,465$23,305$22,204$21,623
6 years$22,255$20,976$19,772$18,637$17,570$17,009
7 years$18,883$17,616$16,430$15,323$14,289$13,750
8 years$16,356$15,100$13,934$12,854$11,854$11,336
9 years$14,392$13,147$12,002$10,949$9,983$9,486
10 years$12,821$11,589$10,463$9,438$8,506$8,030
11 years$11,537$10,317$9,212$8,214$7,315$6,861
12 years$10,467$9,260$8,175$7,205$6,339$5,905
13 years$9,563$8,368$7,304$6,361$5,528$5,114
14 years$8,788$7,606$6,563$5,646$4,846$4,451
15 years$8,118$6,949$5,925$5,035$4,267$3,891
16 years$7,532$6,375$5,372$4,509$3,771$3,413
17 years$7,015$5,871$4,888$4,051$3,343$3,004
18 years$6,556$5,425$4,462$3,651$2,973$2,651
19 years$6,146$5,028$4,085$3,299$2,650$2,344
20 years$5,778$4,672$3,749$2,988$2,367$2,078
21 years$5,445$4,352$3,448$2,712$2,118$1,845
22 years$5,142$4,063$3,178$2,465$1,899$1,640
23 years$4,867$3,800$2,935$2,245$1,704$1,460
24 years$4,615$3,560$2,714$2,048$1,532$1,302
25 years$4,383$3,341$2,514$1,870$1,378$1,162
26 years$4,169$3,140$2,331$1,710$1,242$1,037
27 years$3,972$2,955$2,165$1,565$1,119$927
28 years$3,789$2,784$2,013$1,434$1,010$830
29 years$3,619$2,627$1,873$1,315$912$743
30 years$3,460$2,481$1,744$1,207$824$665
31 years$3,313$2,345$1,626$1,108$745$596
32 years$3,174$2,219$1,517$1,019$674$534
33 years$3,044$2,101$1,417$937$610$479
34 years$2,923$1,992$1,324$862$552$430
35 years$2,808$1,889$1,238$793$500$386
36 years$2,700$1,793$1,158$731$453$346
37 years$2,598$1,703$1,084$673$411$311
38 years$2,502$1,618$1,015$621$372$279
39 years$2,411$1,539$951$572$338$251
40 years$2,324$1,464$891$528$306$226
41 years$2,242$1,394$836$487$278$203
42 years$2,164$1,327$784$449$252$182
43 years$2,090$1,265$736$415$229$164
44 years$2,020$1,206$690$383$208$147
45 years$1,953$1,150$648$354$189$132
46 years$1,889$1,097$609$327$171$119
47 years$1,828$1,047$572$302$155$107
48 years$1,769$999$538$279$141$96
49 years$1,713$954$505$258$128$87
50 years$1,660$911$475$238$116$78

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $1,700,000, adding $3,908 every year, while hoping to spend $24,334 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: 47/32/21 Blend
53$1,700,000$1,700,000$1,700,000$1,700,000
54$1,877,431$1,787,331$1,760,981$1,954,278
55$2,043,038$1,849,019$1,794,083$2,070,058
56$2,224,721$1,912,914$1,827,478$2,192,913
57$2,424,095$1,979,099$1,861,150$2,325,761
58$2,642,936$2,047,659$1,895,083$2,469,548
59$2,883,205$2,118,684$1,929,257$2,625,314
60$3,147,058$2,192,265$1,963,653$2,794,204
61$3,436,871$2,268,499$1,998,249$2,977,476
62$3,755,263$2,347,487$2,033,022$3,176,515
63$4,105,118$2,429,331$2,067,946$3,392,844
64$4,489,612$2,514,141$2,102,994$3,628,138
65$4,912,247$2,602,028$2,138,139$3,884,244
66$5,376,878$2,693,110$2,173,349$4,163,189
67$5,887,755$2,787,508$2,208,591$4,467,210
68$6,449,558$2,885,347$2,243,831$4,798,765
69$7,067,444$2,986,760$2,279,030$5,160,561
70$7,747,095$3,091,884$2,314,150$5,555,578
71$8,494,772$3,200,860$2,349,147$5,987,099
72$9,317,373$3,313,836$2,383,978$6,458,734
73$10,222,497$3,430,966$2,418,593$6,974,463
74$11,218,519$3,552,410$2,452,943$7,538,665
75$12,314,664$3,678,335$2,486,973$8,156,162
76$13,521,100$3,808,913$2,520,627$8,832,267
77$14,849,028$3,944,326$2,553,843$9,572,829
78$16,310,791$4,084,760$2,586,559$10,384,291
79$17,919,990$4,230,411$2,618,707$11,273,746
80$19,691,610$4,381,482$2,650,215$12,249,010
81$21,642,164$4,538,185$2,681,007$13,318,690
82$23,789,848$4,700,739$2,711,004$14,492,267
83$26,154,712$4,869,375$2,740,122$15,780,185
84$28,758,848$5,044,330$2,768,272$17,193,947
85$31,626,602$5,225,853$2,795,360$18,746,226
86$34,784,798$5,414,203$2,821,287$20,450,981
87$38,262,997$5,609,648$2,845,950$22,323,590
88$42,093,773$5,812,471$2,869,239$24,380,995
89$46,313,017$6,022,962$2,891,039$26,641,860
90$50,960,284$6,241,426$2,911,228$29,126,746
91$56,079,157$6,468,180$2,929,678$31,858,307
92$61,717,664$6,703,554$2,946,255$34,861,500
93$67,928,730$6,947,892$2,960,818$38,163,821
94$74,770,674$7,201,552$2,973,219$41,795,564
95$82,307,762$7,464,908$2,983,302$45,790,109
96$90,610,814$7,738,348$2,990,902$50,184,228
97$99,757,868$8,022,278$2,995,849$55,018,442
98$109,834,922$8,317,121$2,997,961$60,337,395
99$120,936,739$8,623,316$2,997,048$66,190,274
100$133,167,751$8,941,322$2,992,913$72,631,280