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

Use the below retirement simulation to view the chances of a successful retirement.
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%11.5%
1 years$142,862$141,589$140,348$139,136$137,953$137,083
2 years$70,724$69,406$68,130$66,892$65,692$64,815
3 years$46,681$45,358$44,085$42,859$41,678$40,820
4 years$34,662$33,343$32,082$30,877$29,725$28,894
5 years$27,452$26,141$24,897$23,717$22,596$21,794
6 years$22,647$21,346$20,121$18,966$17,880$17,107
7 years$19,217$17,927$16,720$15,593$14,541$13,798
8 years$16,645$15,366$14,180$13,081$12,063$11,350
9 years$14,646$13,379$12,213$11,142$10,159$9,476
10 years$13,047$11,793$10,648$9,604$8,656$8,003
11 years$11,740$10,499$9,374$8,359$7,444$6,820
12 years$10,652$9,423$8,319$7,332$6,451$5,855
13 years$9,732$8,516$7,433$6,473$5,626$5,058
14 years$8,943$7,741$6,678$5,746$4,931$4,391
15 years$8,261$7,071$6,030$5,124$4,342$3,828
16 years$7,665$6,488$5,467$4,588$3,837$3,349
17 years$7,139$5,975$4,975$4,123$3,402$2,939
18 years$6,672$5,521$4,541$3,715$3,025$2,587
19 years$6,255$5,117$4,157$3,357$2,697$2,281
20 years$5,880$4,755$3,815$3,040$2,409$2,016
21 years$5,541$4,429$3,509$2,759$2,155$1,784
22 years$5,233$4,134$3,234$2,509$1,932$1,582
23 years$4,953$3,867$2,986$2,285$1,734$1,404
24 years$4,696$3,623$2,762$2,084$1,559$1,248
25 years$4,460$3,400$2,558$1,903$1,403$1,110
26 years$4,243$3,195$2,372$1,740$1,264$988
27 years$4,042$3,007$2,203$1,593$1,139$881
28 years$3,856$2,834$2,048$1,459$1,028$785
29 years$3,683$2,673$1,906$1,338$928$701
30 years$3,522$2,525$1,775$1,228$839$626
31 years$3,371$2,387$1,655$1,128$758$559
32 years$3,230$2,258$1,544$1,037$686$499
33 years$3,098$2,139$1,442$953$621$446
34 years$2,974$2,027$1,347$877$562$399
35 years$2,858$1,922$1,259$807$509$357
36 years$2,748$1,825$1,178$744$461$320
37 years$2,644$1,733$1,103$685$418$286
38 years$2,546$1,647$1,033$632$379$256
39 years$2,453$1,566$968$582$344$229
40 years$2,365$1,490$907$537$312$205
41 years$2,282$1,418$850$496$283$184
42 years$2,203$1,351$798$457$257$165
43 years$2,127$1,287$748$422$233$148
44 years$2,055$1,227$703$390$211$132
45 years$1,987$1,170$660$360$192$118
46 years$1,922$1,116$620$333$174$106
47 years$1,860$1,065$582$307$158$95
48 years$1,800$1,017$547$284$144$85
49 years$1,743$971$514$262$130$76
50 years$1,689$927$483$242$119$69

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 $3,693 every year, while hoping to spend $50,221 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: 40/32/28 Blend
53$1,730,000$1,730,000$1,730,000$1,730,000
54$1,910,269$1,818,579$1,791,764$1,970,757
55$2,051,682$1,854,255$1,798,354$2,050,745
56$2,205,836$1,889,996$1,803,481$2,132,287
57$2,373,977$1,925,751$1,807,043$2,219,552
58$2,557,477$1,961,468$1,808,934$2,313,093
59$2,757,848$1,997,087$1,809,041$2,413,526
60$2,976,750$2,032,547$1,807,246$2,521,527
61$3,216,015$2,067,778$1,803,425$2,637,845
62$3,477,658$2,102,708$1,797,449$2,763,307
63$3,763,897$2,137,259$1,789,181$2,898,824
64$4,077,175$2,171,345$1,778,479$3,045,405
65$4,420,182$2,204,877$1,765,194$3,204,160
66$4,795,881$2,237,756$1,749,168$3,376,319
67$5,207,534$2,269,879$1,730,238$3,563,236
68$5,658,733$2,301,133$1,708,232$3,766,409
69$6,153,435$2,331,400$1,682,969$3,987,489
70$6,695,998$2,360,552$1,654,262$4,228,300
71$7,291,223$2,388,452$1,621,912$4,490,856
72$7,944,396$2,414,954$1,585,715$4,777,378
73$8,661,341$2,439,904$1,545,453$5,090,319
74$9,448,473$2,463,134$1,500,900$5,432,386
75$10,312,858$2,484,468$1,451,821$5,806,566
76$11,262,280$2,503,718$1,397,968$6,216,155
77$12,305,315$2,520,683$1,339,082$6,664,792
78$13,451,410$2,535,149$1,274,894$7,156,491
79$14,710,971$2,546,888$1,205,120$7,695,681
80$16,095,464$2,555,660$1,129,466$8,287,251
81$17,617,521$2,561,207$1,047,623$8,936,592
82$19,291,058$2,563,255$959,267$9,649,655
83$21,131,406$2,561,516$864,064$10,433,003
84$23,155,459$2,555,679$761,659$11,293,877
85$25,381,828$2,545,420$651,687$12,240,265
86$27,831,019$2,530,389$533,762$13,280,979
87$30,525,625$2,510,220$407,485$14,425,738
88$33,490,539$2,484,522$272,437$15,685,265
89$36,753,191$2,452,880$128,180$17,071,384
90$40,343,802$2,414,857$0$18,597,138
91$44,295,671$2,369,986$0$20,284,611
92$48,645,490$2,317,776$0$22,183,336
93$53,433,688$2,257,705$0$24,272,624
94$58,704,813$2,189,221$0$26,571,924
95$64,507,950$2,111,739$0$29,102,677
96$70,897,188$2,024,641$0$31,888,515
97$77,932,124$1,927,272$0$34,955,488
98$85,678,432$1,818,940$0$38,332,312
99$94,208,477$1,698,912$0$42,050,637
100$103,601,997$1,566,414$0$46,145,351