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%16.5%
1 years$142,862$141,589$140,348$139,136$137,953$134,291
2 years$70,724$69,406$68,130$66,892$65,692$62,028
3 years$46,681$45,358$44,085$42,859$41,678$38,127
4 years$34,662$33,343$32,082$30,877$29,725$26,314
5 years$27,452$26,141$24,897$23,717$22,596$19,335
6 years$22,647$21,346$20,121$18,966$17,880$14,771
7 years$19,217$17,927$16,720$15,593$14,541$11,585
8 years$16,645$15,366$14,180$13,081$12,063$9,259
9 years$14,646$13,379$12,213$11,142$10,159$7,503
10 years$13,047$11,793$10,648$9,604$8,656$6,146
11 years$11,740$10,499$9,374$8,359$7,444$5,076
12 years$10,652$9,423$8,319$7,332$6,451$4,220
13 years$9,732$8,516$7,433$6,473$5,626$3,527
14 years$8,943$7,741$6,678$5,746$4,931$2,961
15 years$8,261$7,071$6,030$5,124$4,342$2,494
16 years$7,665$6,488$5,467$4,588$3,837$2,108
17 years$7,139$5,975$4,975$4,123$3,402$1,785
18 years$6,672$5,521$4,541$3,715$3,025$1,515
19 years$6,255$5,117$4,157$3,357$2,697$1,288
20 years$5,880$4,755$3,815$3,040$2,409$1,096
21 years$5,541$4,429$3,509$2,759$2,155$935
22 years$5,233$4,134$3,234$2,509$1,932$797
23 years$4,953$3,867$2,986$2,285$1,734$681
24 years$4,696$3,623$2,762$2,084$1,559$582
25 years$4,460$3,400$2,558$1,903$1,403$498
26 years$4,243$3,195$2,372$1,740$1,264$426
27 years$4,042$3,007$2,203$1,593$1,139$365
28 years$3,856$2,834$2,048$1,459$1,028$312
29 years$3,683$2,673$1,906$1,338$928$267
30 years$3,522$2,525$1,775$1,228$839$229
31 years$3,371$2,387$1,655$1,128$758$196
32 years$3,230$2,258$1,544$1,037$686$168
33 years$3,098$2,139$1,442$953$621$144
34 years$2,974$2,027$1,347$877$562$124
35 years$2,858$1,922$1,259$807$509$106
36 years$2,748$1,825$1,178$744$461$91
37 years$2,644$1,733$1,103$685$418$78
38 years$2,546$1,647$1,033$632$379$67
39 years$2,453$1,566$968$582$344$58
40 years$2,365$1,490$907$537$312$49
41 years$2,282$1,418$850$496$283$42
42 years$2,203$1,351$798$457$257$36
43 years$2,127$1,287$748$422$233$31
44 years$2,055$1,227$703$390$211$27
45 years$1,987$1,170$660$360$192$23
46 years$1,922$1,116$620$333$174$20
47 years$1,860$1,065$582$307$158$17
48 years$1,800$1,017$547$284$144$15
49 years$1,743$971$514$262$130$12
50 years$1,689$927$483$242$119$11

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 $4,248 every year, while hoping to spend $26,498 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: 56/24/20 Blend
53$1,730,000$1,730,000$1,730,000$1,730,000
54$1,910,842$1,819,152$1,792,337$2,007,353
55$2,077,554$1,880,097$1,824,186$2,134,623
56$2,260,383$1,943,140$1,856,215$2,270,010
57$2,460,944$2,008,356$1,888,400$2,416,921
58$2,681,017$2,075,822$1,920,719$2,576,470
59$2,922,564$2,145,620$1,953,146$2,749,881
60$3,187,742$2,217,833$1,985,653$2,938,504
61$3,478,932$2,292,546$2,018,212$3,143,821
62$3,798,754$2,369,851$2,050,793$3,367,467
63$4,150,093$2,449,841$2,083,361$3,611,239
64$4,536,132$2,532,612$2,115,883$3,877,118
65$4,960,372$2,618,265$2,148,319$4,167,282
66$5,426,673$2,706,903$2,180,632$4,484,132
67$5,939,288$2,798,636$2,212,777$4,830,311
68$6,502,902$2,893,575$2,244,711$5,208,728
69$7,122,674$2,991,837$2,276,386$5,622,588
70$7,804,293$3,093,543$2,307,751$6,075,421
71$8,554,022$3,198,818$2,338,752$6,571,113
72$9,378,766$3,307,793$2,369,333$7,113,945
73$10,286,128$3,420,603$2,399,434$7,708,633
74$11,284,489$3,537,389$2,428,991$8,360,371
75$12,383,082$3,658,296$2,457,938$9,074,878
76$13,592,081$3,783,477$2,486,202$9,858,458
77$14,922,693$3,913,088$2,513,711$10,718,051
78$16,387,272$4,047,292$2,540,383$11,661,305
79$17,999,424$4,186,261$2,566,137$12,696,644
80$19,774,147$4,330,169$2,590,885$13,833,348
81$21,727,963$4,479,200$2,614,532$15,081,641
82$23,879,080$4,633,545$2,636,983$16,452,786
83$26,247,558$4,793,401$2,658,134$17,959,194
84$28,855,505$4,958,974$2,677,878$19,614,536
85$31,727,279$5,130,476$2,696,099$21,433,874
86$34,889,723$5,308,130$2,712,680$23,433,805
87$38,372,412$5,492,167$2,727,493$25,632,613
88$42,207,941$5,682,825$2,740,406$28,050,444
89$46,432,221$5,880,354$2,751,280$30,709,497
90$51,084,829$6,085,013$2,759,969$33,634,228
91$56,209,374$6,297,071$2,766,320$36,851,586
92$61,853,910$6,516,807$2,770,172$40,391,263
93$68,071,390$6,744,512$2,771,354$44,285,978
94$74,920,167$6,980,489$2,769,690$48,571,779
95$82,464,543$7,225,052$2,764,993$53,288,390
96$90,775,375$7,478,527$2,757,069$58,479,579
97$99,930,744$7,741,256$2,745,711$64,193,577
98$110,016,693$8,013,591$2,730,706$70,483,527
99$121,128,040$8,295,901$2,711,829$77,407,987
100$133,369,267$8,588,567$2,688,842$85,031,487