Can I retire at age 54 with 1,730,000?

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 $1,730,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.5%
1 years$142,862$141,589$140,348$139,136$137,953$133,751
2 years$70,724$69,406$68,130$66,892$65,692$61,495
3 years$46,681$45,358$44,085$42,859$41,678$37,617
4 years$34,662$33,343$32,082$30,877$29,725$25,831
5 years$27,452$26,141$24,897$23,717$22,596$18,881
6 years$22,647$21,346$20,121$18,966$17,880$14,345
7 years$19,217$17,927$16,720$15,593$14,541$11,188
8 years$16,645$15,366$14,180$13,081$12,063$8,889
9 years$14,646$13,379$12,213$11,142$10,159$7,160
10 years$13,047$11,793$10,648$9,604$8,656$5,828
11 years$11,740$10,499$9,374$8,359$7,444$4,783
12 years$10,652$9,423$8,319$7,332$6,451$3,950
13 years$9,732$8,516$7,433$6,473$5,626$3,279
14 years$8,943$7,741$6,678$5,746$4,931$2,734
15 years$8,261$7,071$6,030$5,124$4,342$2,287
16 years$7,665$6,488$5,467$4,588$3,837$1,918
17 years$7,139$5,975$4,975$4,123$3,402$1,613
18 years$6,672$5,521$4,541$3,715$3,025$1,359
19 years$6,255$5,117$4,157$3,357$2,697$1,147
20 years$5,880$4,755$3,815$3,040$2,409$969
21 years$5,541$4,429$3,509$2,759$2,155$819
22 years$5,233$4,134$3,234$2,509$1,932$694
23 years$4,953$3,867$2,986$2,285$1,734$588
24 years$4,696$3,623$2,762$2,084$1,559$498
25 years$4,460$3,400$2,558$1,903$1,403$423
26 years$4,243$3,195$2,372$1,740$1,264$359
27 years$4,042$3,007$2,203$1,593$1,139$305
28 years$3,856$2,834$2,048$1,459$1,028$259
29 years$3,683$2,673$1,906$1,338$928$220
30 years$3,522$2,525$1,775$1,228$839$187
31 years$3,371$2,387$1,655$1,128$758$159
32 years$3,230$2,258$1,544$1,037$686$135
33 years$3,098$2,139$1,442$953$621$115
34 years$2,974$2,027$1,347$877$562$98
35 years$2,858$1,922$1,259$807$509$83
36 years$2,748$1,825$1,178$744$461$71
37 years$2,644$1,733$1,103$685$418$60
38 years$2,546$1,647$1,033$632$379$51
39 years$2,453$1,566$968$582$344$44
40 years$2,365$1,490$907$537$312$37
41 years$2,282$1,418$850$496$283$32
42 years$2,203$1,351$798$457$257$27
43 years$2,127$1,287$748$422$233$23
44 years$2,055$1,227$703$390$211$19
45 years$1,987$1,170$660$360$192$17
46 years$1,922$1,116$620$333$174$14
47 years$1,860$1,065$582$307$158$12
48 years$1,800$1,017$547$284$144$10
49 years$1,743$971$514$262$130$9
50 years$1,689$927$483$242$119$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $1,730,000, adding $6,913 every year, while hoping to spend $36,055 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: 57/23/20 Blend
53$1,730,000$1,730,000$1,730,000$1,730,000
54$1,913,591$1,821,901$1,795,086$2,012,074
55$2,070,415$1,872,812$1,816,859$2,130,828
56$2,242,026$1,925,009$1,838,153$2,255,711
57$2,429,896$1,978,517$1,858,914$2,391,016
58$2,635,643$2,033,362$1,879,085$2,537,753
59$2,861,049$2,089,567$1,898,605$2,697,036
60$3,108,079$2,147,159$1,917,411$2,870,092
61$3,378,895$2,206,161$1,935,436$3,058,271
62$3,675,878$2,266,599$1,952,610$3,263,061
63$4,001,652$2,328,498$1,968,857$3,486,099
64$4,359,107$2,391,880$1,984,100$3,729,192
65$4,751,425$2,456,771$1,998,255$3,994,326
66$5,182,111$2,523,193$2,011,238$4,283,692
67$5,655,027$2,591,171$2,022,955$4,599,702
68$6,174,428$2,660,726$2,033,312$4,945,014
69$6,744,999$2,731,881$2,042,207$5,322,556
70$7,371,902$2,804,657$2,049,535$5,735,555
71$8,060,826$2,879,075$2,055,184$6,187,564
72$8,818,035$2,955,155$2,059,038$6,682,501
73$9,650,432$3,032,915$2,060,973$7,224,680
74$10,565,622$3,112,373$2,060,862$7,818,856
75$11,571,983$3,193,547$2,058,568$8,470,268
76$12,678,746$3,276,451$2,053,950$9,184,688
77$13,896,080$3,361,100$2,046,860$9,968,479
78$15,235,192$3,447,505$2,037,142$10,828,649
79$16,708,427$3,535,679$2,024,632$11,772,922
80$18,329,389$3,625,629$2,009,159$12,809,811
81$20,113,065$3,717,363$1,990,544$13,948,694
82$22,075,969$3,810,885$1,968,598$15,199,906
83$24,236,298$3,906,198$1,943,126$16,574,839
84$26,614,100$4,003,302$1,913,921$18,086,042
85$29,231,468$4,102,193$1,880,767$19,747,348
86$32,112,743$4,202,866$1,843,438$21,573,999
87$35,284,748$4,305,312$1,801,698$23,582,792
88$38,777,037$4,409,517$1,755,300$25,792,238
89$42,622,177$4,515,465$1,703,984$28,222,735
90$46,856,052$4,623,137$1,647,481$30,896,764
91$51,518,205$4,732,506$1,585,507$33,839,099
92$56,652,206$4,843,543$1,517,767$37,077,039
93$62,306,069$4,956,215$1,443,950$40,640,673
94$68,532,699$5,070,480$1,363,733$44,563,155
95$75,390,395$5,186,294$1,276,778$48,881,025
96$82,943,397$5,303,605$1,182,733$53,634,550
97$91,262,496$5,422,354$1,081,227$58,868,107
98$100,425,698$5,542,476$971,875$64,630,597
99$110,518,961$5,663,899$854,274$70,975,916
100$121,637,006$5,786,541$728,004$77,963,455