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%14.2%
1 years$140,384$139,134$137,914$136,723$135,560$133,205
2 years$69,497$68,203$66,949$65,732$64,553$62,187
3 years$45,871$44,571$43,320$42,115$40,955$38,653
4 years$34,061$32,765$31,526$30,342$29,209$26,989
5 years$26,976$25,688$24,465$23,305$22,204$20,072
6 years$22,255$20,976$19,772$18,637$17,570$15,527
7 years$18,883$17,616$16,430$15,323$14,289$12,337
8 years$16,356$15,100$13,934$12,854$11,854$9,993
9 years$14,392$13,147$12,002$10,949$9,983$8,211
10 years$12,821$11,589$10,463$9,438$8,506$6,822
11 years$11,537$10,317$9,212$8,214$7,315$5,717
12 years$10,467$9,260$8,175$7,205$6,339$4,825
13 years$9,563$8,368$7,304$6,361$5,528$4,095
14 years$8,788$7,606$6,563$5,646$4,846$3,492
15 years$8,118$6,949$5,925$5,035$4,267$2,989
16 years$7,532$6,375$5,372$4,509$3,771$2,567
17 years$7,015$5,871$4,888$4,051$3,343$2,210
18 years$6,556$5,425$4,462$3,651$2,973$1,908
19 years$6,146$5,028$4,085$3,299$2,650$1,650
20 years$5,778$4,672$3,749$2,988$2,367$1,429
21 years$5,445$4,352$3,448$2,712$2,118$1,240
22 years$5,142$4,063$3,178$2,465$1,899$1,077
23 years$4,867$3,800$2,935$2,245$1,704$936
24 years$4,615$3,560$2,714$2,048$1,532$815
25 years$4,383$3,341$2,514$1,870$1,378$710
26 years$4,169$3,140$2,331$1,710$1,242$619
27 years$3,972$2,955$2,165$1,565$1,119$540
28 years$3,789$2,784$2,013$1,434$1,010$471
29 years$3,619$2,627$1,873$1,315$912$411
30 years$3,460$2,481$1,744$1,207$824$359
31 years$3,313$2,345$1,626$1,108$745$314
32 years$3,174$2,219$1,517$1,019$674$274
33 years$3,044$2,101$1,417$937$610$239
34 years$2,923$1,992$1,324$862$552$209
35 years$2,808$1,889$1,238$793$500$183
36 years$2,700$1,793$1,158$731$453$160
37 years$2,598$1,703$1,084$673$411$140
38 years$2,502$1,618$1,015$621$372$123
39 years$2,411$1,539$951$572$338$107
40 years$2,324$1,464$891$528$306$94
41 years$2,242$1,394$836$487$278$82
42 years$2,164$1,327$784$449$252$72
43 years$2,090$1,265$736$415$229$63
44 years$2,020$1,206$690$383$208$55
45 years$1,953$1,150$648$354$189$48
46 years$1,889$1,097$609$327$171$42
47 years$1,828$1,047$572$302$155$37
48 years$1,769$999$538$279$141$32
49 years$1,713$954$505$258$128$28
50 years$1,660$911$475$238$116$25

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 $3,758 every year, while hoping to spend $57,091 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: 58/27/15 Blend
53$1,700,000$1,700,000$1,700,000$1,700,000
54$1,877,276$1,787,176$1,760,826$1,978,734
55$2,008,014$1,814,004$1,759,070$2,074,625
56$2,150,174$1,840,232$1,755,341$2,172,486
57$2,304,860$1,865,772$1,749,513$2,277,839
58$2,473,288$1,890,527$1,741,454$2,391,411
59$2,656,796$1,914,396$1,731,026$2,514,008
60$2,856,856$1,937,267$1,718,081$2,646,517
61$3,075,087$1,959,025$1,702,469$2,789,917
62$3,313,273$1,979,545$1,684,029$2,945,287
63$3,573,377$1,998,692$1,662,593$3,113,819
64$3,857,558$2,016,326$1,637,988$3,296,827
65$4,168,197$2,032,293$1,610,028$3,495,759
66$4,507,912$2,046,435$1,578,523$3,712,214
67$4,879,587$2,058,577$1,543,271$3,947,956
68$5,286,396$2,068,539$1,504,062$4,204,930
69$5,731,836$2,076,125$1,460,675$4,485,281
70$6,219,756$2,081,128$1,412,882$4,791,378
71$6,754,398$2,083,330$1,360,440$5,125,829
72$7,340,431$2,082,498$1,303,099$5,491,516
73$7,982,997$2,078,382$1,240,595$5,891,614
74$8,687,761$2,070,721$1,172,653$6,329,627
75$9,460,961$2,059,235$1,098,985$6,809,420
76$10,309,470$2,043,628$1,019,292$7,335,253
77$11,240,857$2,023,587$933,259$7,911,829
78$12,263,460$1,998,778$840,559$8,544,331
79$13,386,463$1,968,848$740,848$9,238,478
80$14,619,985$1,933,424$633,768$10,000,574
81$15,975,171$1,892,110$518,947$10,837,575
82$17,464,300$1,844,485$395,994$11,757,149
83$19,100,900$1,790,106$264,501$12,767,754
84$20,899,873$1,728,503$124,043$13,878,716
85$22,877,638$1,659,177$0$15,100,320
86$25,052,283$1,581,603$0$16,448,045
87$27,443,738$1,495,224$0$17,951,713
88$30,073,959$1,399,449$0$19,605,318
89$32,967,137$1,293,657$0$21,424,145
90$36,149,927$1,177,188$0$23,425,044
91$39,651,696$1,049,347$0$25,626,586
92$43,504,802$909,398$0$28,049,246
93$47,744,897$756,563$0$30,715,590
94$52,411,263$590,021$0$33,650,492
95$57,547,184$408,905$0$36,881,372
96$63,200,354$212,298$0$40,438,454
97$69,423,323$0$0$44,355,051
98$76,273,996$0$0$48,668,111
99$83,816,176$0$0$53,486,151
100$92,120,169$0$0$58,791,028