Can I retire at age 54 with 1,720,000?

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 $1,720,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.4%
1 years$142,036$140,771$139,536$138,332$137,155$134,661
2 years$70,315$69,005$67,736$66,506$65,312$62,809
3 years$46,411$45,096$43,830$42,611$41,437$39,001
4 years$34,461$33,150$31,897$30,699$29,553$27,205
5 years$27,293$25,990$24,753$23,580$22,466$20,211
6 years$22,516$21,223$20,004$18,857$17,776$15,618
7 years$19,106$17,823$16,624$15,503$14,457$12,395
8 years$16,549$15,278$14,098$13,005$11,993$10,028
9 years$14,561$13,302$12,143$11,078$10,100$8,230
10 years$12,972$11,725$10,586$9,549$8,606$6,829
11 years$11,672$10,438$9,320$8,310$7,401$5,716
12 years$10,590$9,369$8,271$7,289$6,414$4,818
13 years$9,675$8,466$7,390$6,435$5,593$4,084
14 years$8,892$7,696$6,640$5,713$4,903$3,478
15 years$8,213$7,030$5,995$5,095$4,317$2,973
16 years$7,620$6,450$5,435$4,562$3,815$2,549
17 years$7,098$5,940$4,946$4,099$3,383$2,192
18 years$6,633$5,489$4,515$3,694$3,008$1,889
19 years$6,219$5,087$4,133$3,338$2,681$1,632
20 years$5,846$4,727$3,793$3,023$2,395$1,411
21 years$5,509$4,403$3,489$2,743$2,143$1,222
22 years$5,203$4,110$3,216$2,494$1,921$1,060
23 years$4,924$3,844$2,969$2,272$1,724$920
24 years$4,669$3,602$2,746$2,072$1,550$800
25 years$4,434$3,380$2,543$1,892$1,395$695
26 years$4,218$3,177$2,359$1,730$1,256$605
27 years$4,019$2,990$2,190$1,584$1,133$527
28 years$3,834$2,817$2,036$1,451$1,022$459
29 years$3,661$2,658$1,895$1,331$923$400
30 years$3,501$2,510$1,765$1,221$834$349
31 years$3,352$2,373$1,645$1,121$754$304
32 years$3,212$2,245$1,535$1,031$682$265
33 years$3,080$2,126$1,433$948$617$232
34 years$2,957$2,015$1,339$872$559$202
35 years$2,841$1,911$1,252$803$506$176
36 years$2,732$1,814$1,171$739$459$154
37 years$2,629$1,723$1,096$681$416$135
38 years$2,531$1,637$1,027$628$377$118
39 years$2,439$1,557$962$579$342$103
40 years$2,352$1,481$902$534$310$90
41 years$2,269$1,410$845$493$281$78
42 years$2,190$1,343$793$455$255$68
43 years$2,115$1,280$744$420$232$60
44 years$2,044$1,220$699$388$210$52
45 years$1,976$1,163$656$358$191$46
46 years$1,911$1,110$616$331$173$40
47 years$1,849$1,059$579$305$157$35
48 years$1,790$1,011$544$282$143$30
49 years$1,733$965$511$261$130$27
50 years$1,679$922$481$241$118$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $1,720,000, adding $5,123 every year, while hoping to spend $55,945 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: 85/7/8 Blend
53$1,720,000$1,720,000$1,720,000$1,720,000
54$1,900,724$1,809,564$1,782,904$2,060,205
55$2,035,073$1,838,708$1,783,107$2,194,221
56$2,181,251$1,867,405$1,781,441$2,333,289
57$2,340,404$1,895,573$1,777,785$2,484,314
58$2,513,796$1,923,127$1,772,011$2,648,461
59$2,702,816$1,949,973$1,763,987$2,827,015
60$2,908,994$1,976,012$1,753,570$3,021,389
61$3,134,012$2,001,137$1,740,616$3,233,141
62$3,379,723$2,025,235$1,724,968$3,463,984
63$3,648,167$2,048,184$1,706,467$3,715,807
64$3,941,589$2,069,855$1,684,943$3,990,691
65$4,262,462$2,090,108$1,660,220$4,290,925
66$4,613,507$2,108,797$1,632,111$4,619,035
67$4,997,721$2,125,765$1,600,423$4,977,799
68$5,418,405$2,140,843$1,564,953$5,370,280
69$5,879,192$2,153,854$1,525,489$5,799,853
70$6,384,085$2,164,609$1,481,808$6,270,232
71$6,937,491$2,172,904$1,433,678$6,785,515
72$7,544,265$2,178,526$1,380,856$7,350,211
73$8,209,753$2,181,247$1,323,088$7,969,292
74$8,939,844$2,180,824$1,260,108$8,648,235
75$9,741,025$2,177,001$1,191,637$9,393,072
76$10,620,439$2,169,503$1,117,387$10,210,453
77$11,585,957$2,158,042$1,037,052$11,107,704
78$12,646,248$2,142,310$950,317$12,092,896
79$13,810,862$2,121,980$856,850$13,174,925
80$15,090,320$2,096,707$756,304$14,363,591
81$16,496,211$2,066,124$648,319$15,669,693
82$18,041,304$2,029,844$532,517$17,105,132
83$19,739,664$1,987,453$408,503$18,683,022
84$21,606,788$1,938,517$275,867$20,417,812
85$23,659,750$1,882,574$134,178$22,325,427
86$25,917,360$1,819,135$0$24,423,413
87$28,400,342$1,747,684$0$26,732,559
88$31,131,529$1,667,673$0$29,285,039
89$34,136,080$1,578,524$0$32,092,908
90$37,441,713$1,479,624$0$35,182,087
91$41,078,968$1,370,327$0$38,581,134
92$45,081,497$1,249,947$0$42,321,522
93$49,486,377$1,117,761$0$46,437,926
94$54,334,461$973,005$0$50,968,559
95$59,670,765$814,871$0$55,955,527
96$65,544,889$642,506$0$61,445,227
97$72,011,486$455,007$0$67,488,788
98$79,130,778$251,423$0$74,142,550
99$86,969,123$30,748$0$81,468,595
100$95,599,639$0$0$89,535,338