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%13.6%
1 years$142,036$140,771$139,536$138,332$137,155$135,106
2 years$70,315$69,005$67,736$66,506$65,312$63,252
3 years$46,411$45,096$43,830$42,611$41,437$39,430
4 years$34,461$33,150$31,897$30,699$29,553$27,615
5 years$27,293$25,990$24,753$23,580$22,466$20,602
6 years$22,516$21,223$20,004$18,857$17,776$15,989
7 years$19,106$17,823$16,624$15,503$14,457$12,747
8 years$16,549$15,278$14,098$13,005$11,993$10,361
9 years$14,561$13,302$12,143$11,078$10,100$8,543
10 years$12,972$11,725$10,586$9,549$8,606$7,124
11 years$11,672$10,438$9,320$8,310$7,401$5,993
12 years$10,590$9,369$8,271$7,289$6,414$5,077
13 years$9,675$8,466$7,390$6,435$5,593$4,326
14 years$8,892$7,696$6,640$5,713$4,903$3,704
15 years$8,213$7,030$5,995$5,095$4,317$3,184
16 years$7,620$6,450$5,435$4,562$3,815$2,746
17 years$7,098$5,940$4,946$4,099$3,383$2,374
18 years$6,633$5,489$4,515$3,694$3,008$2,058
19 years$6,219$5,087$4,133$3,338$2,681$1,788
20 years$5,846$4,727$3,793$3,023$2,395$1,556
21 years$5,509$4,403$3,489$2,743$2,143$1,356
22 years$5,203$4,110$3,216$2,494$1,921$1,183
23 years$4,924$3,844$2,969$2,272$1,724$1,033
24 years$4,669$3,602$2,746$2,072$1,550$904
25 years$4,434$3,380$2,543$1,892$1,395$791
26 years$4,218$3,177$2,359$1,730$1,256$693
27 years$4,019$2,990$2,190$1,584$1,133$607
28 years$3,834$2,817$2,036$1,451$1,022$532
29 years$3,661$2,658$1,895$1,331$923$467
30 years$3,501$2,510$1,765$1,221$834$410
31 years$3,352$2,373$1,645$1,121$754$360
32 years$3,212$2,245$1,535$1,031$682$316
33 years$3,080$2,126$1,433$948$617$277
34 years$2,957$2,015$1,339$872$559$244
35 years$2,841$1,911$1,252$803$506$214
36 years$2,732$1,814$1,171$739$459$188
37 years$2,629$1,723$1,096$681$416$166
38 years$2,531$1,637$1,027$628$377$146
39 years$2,439$1,557$962$579$342$128
40 years$2,352$1,481$902$534$310$113
41 years$2,269$1,410$845$493$281$99
42 years$2,190$1,343$793$455$255$87
43 years$2,115$1,280$744$420$232$77
44 years$2,044$1,220$699$388$210$67
45 years$1,976$1,163$656$358$191$59
46 years$1,911$1,110$616$331$173$52
47 years$1,849$1,059$579$305$157$46
48 years$1,790$1,011$544$282$143$40
49 years$1,733$965$511$261$130$36
50 years$1,679$922$481$241$118$31

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 $3,517 every year, while hoping to spend $51,338 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: 78/12/10 Blend
53$1,720,000$1,720,000$1,720,000$1,720,000
54$1,899,068$1,807,908$1,781,248$2,043,712
55$2,038,149$1,841,872$1,786,296$2,173,230
56$2,189,697$1,875,780$1,789,793$2,308,277
57$2,354,927$1,909,574$1,791,633$2,454,904
58$2,535,180$1,943,194$1,791,703$2,614,244
59$2,731,931$1,976,573$1,789,887$2,787,545
60$2,946,802$2,009,639$1,786,063$2,976,180
61$3,181,581$2,042,316$1,780,101$3,181,662
62$3,438,235$2,074,522$1,771,867$3,405,658
63$3,718,929$2,106,169$1,761,219$3,650,005
64$4,026,050$2,137,160$1,748,009$3,916,725
65$4,362,221$2,167,396$1,732,082$4,208,047
66$4,730,337$2,196,767$1,713,276$4,526,426
67$5,133,579$2,225,157$1,691,419$4,874,567
68$5,575,456$2,252,442$1,666,333$5,255,451
69$6,059,830$2,278,488$1,637,832$5,672,360
70$6,590,953$2,303,155$1,605,720$6,128,915
71$7,173,511$2,326,290$1,569,793$6,629,101
72$7,812,664$2,347,733$1,529,836$7,177,312
73$8,514,095$2,367,312$1,485,625$7,778,388
74$9,284,065$2,384,842$1,436,926$8,437,664
75$10,129,471$2,400,131$1,383,493$9,161,019
76$11,057,908$2,412,968$1,325,072$9,954,929
77$12,077,746$2,423,135$1,261,393$10,826,532
78$13,198,203$2,430,395$1,192,177$11,783,695
79$14,429,436$2,434,500$1,117,130$12,835,085
80$15,782,632$2,435,185$1,035,947$13,990,256
81$17,270,117$2,432,166$948,309$15,259,734
82$18,905,473$2,425,146$853,881$16,655,119
83$20,703,660$2,413,807$752,315$18,189,198
84$22,681,161$2,397,811$643,245$19,876,057
85$24,856,138$2,376,802$526,293$21,731,224
86$27,248,600$2,350,401$401,059$23,771,810
87$29,880,593$2,318,207$267,130$26,016,671
88$32,776,407$2,279,792$124,072$28,486,588
89$35,962,806$2,234,707$0$31,204,464
90$39,469,278$2,182,474$0$34,198,588
91$43,328,316$2,122,587$0$37,508,050
92$47,575,721$2,054,511$0$41,150,303
93$52,250,941$1,977,678$0$45,159,184
94$57,397,441$1,891,488$0$49,571,979
95$63,063,117$1,795,308$0$54,429,777
96$69,300,743$1,688,466$0$59,777,854
97$76,168,470$1,570,253$0$65,666,108
98$83,730,375$1,439,916$0$72,149,520
99$92,057,066$1,296,665$0$79,288,683
100$101,226,344$1,139,658$0$87,150,365