Can I retire at age 54 with 1,750,000?

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 $1,750,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.8%
1 years$144,513$143,226$141,970$140,744$139,547$134,064
2 years$71,541$70,209$68,918$67,666$66,451$60,993
3 years$47,220$45,882$44,594$43,354$42,159$36,900
4 years$35,062$33,728$32,453$31,234$30,068$25,047
5 years$27,769$26,443$25,185$23,991$22,858$18,086
6 years$22,909$21,593$20,353$19,186$18,086$13,569
7 years$19,439$18,134$16,914$15,774$14,709$10,444
8 years$16,837$15,544$14,344$13,232$12,203$8,186
9 years$14,815$13,534$12,355$11,271$10,276$6,501
10 years$13,198$11,929$10,771$9,716$8,756$5,216
11 years$11,876$10,620$9,483$8,455$7,530$4,217
12 years$10,775$9,532$8,416$7,417$6,526$3,430
13 years$9,844$8,614$7,519$6,548$5,691$2,803
14 years$9,047$7,830$6,756$5,812$4,988$2,300
15 years$8,357$7,153$6,099$5,184$4,392$1,892
16 years$7,753$6,563$5,530$4,641$3,882$1,561
17 years$7,221$6,044$5,032$4,170$3,442$1,291
18 years$6,749$5,585$4,594$3,758$3,060$1,069
19 years$6,327$5,176$4,205$3,396$2,728$886
20 years$5,948$4,810$3,859$3,076$2,436$736
21 years$5,605$4,480$3,550$2,791$2,180$611
22 years$5,294$4,182$3,272$2,538$1,954$508
23 years$5,010$3,911$3,021$2,311$1,754$423
24 years$4,750$3,665$2,794$2,108$1,577$352
25 years$4,512$3,439$2,588$1,925$1,419$293
26 years$4,292$3,232$2,400$1,760$1,278$244
27 years$4,089$3,042$2,229$1,611$1,152$204
28 years$3,900$2,866$2,072$1,476$1,040$170
29 years$3,725$2,704$1,928$1,354$939$142
30 years$3,562$2,554$1,796$1,242$848$118
31 years$3,410$2,414$1,674$1,141$767$98
32 years$3,268$2,284$1,562$1,049$694$82
33 years$3,134$2,163$1,458$964$628$69
34 years$3,009$2,050$1,363$887$568$57
35 years$2,891$1,945$1,274$817$515$48
36 years$2,779$1,846$1,192$752$467$40
37 years$2,674$1,753$1,116$693$423$33
38 years$2,575$1,666$1,045$639$383$28
39 years$2,481$1,584$979$589$348$23
40 years$2,393$1,507$917$543$315$19
41 years$2,308$1,435$860$501$286$16
42 years$2,228$1,366$807$463$260$13
43 years$2,152$1,302$757$427$236$11
44 years$2,079$1,241$711$394$214$9
45 years$2,010$1,183$667$364$194$8
46 years$1,944$1,129$627$336$176$7
47 years$1,881$1,077$589$311$160$5
48 years$1,821$1,028$553$287$145$5
49 years$1,764$982$520$265$132$4
50 years$1,709$938$489$245$120$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $1,750,000, adding $4,104 every year, while hoping to spend $39,778 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: 79/13/8 Blend
53$1,750,000$1,750,000$1,750,000$1,750,000
54$1,932,733$1,839,983$1,812,858$2,083,025
55$2,087,549$1,887,819$1,831,266$2,230,022
56$2,256,822$1,936,665$1,848,956$2,385,632
57$2,441,986$1,986,530$1,865,864$2,555,153
58$2,644,618$2,037,420$1,881,921$2,739,955
59$2,866,456$2,089,340$1,897,051$2,941,545
60$3,109,411$2,142,295$1,911,180$3,161,582
61$3,375,591$2,196,287$1,924,225$3,401,894
62$3,667,316$2,251,320$1,936,101$3,664,495
63$3,987,141$2,307,393$1,946,718$3,951,600
64$4,337,878$2,364,504$1,955,983$4,265,653
65$4,722,629$2,422,652$1,963,795$4,609,343
66$5,144,806$2,481,831$1,970,051$4,985,632
67$5,608,170$2,542,035$1,974,642$5,397,785
68$6,116,863$2,603,254$1,977,452$5,849,397
69$6,675,447$2,665,478$1,978,361$6,344,429
70$7,288,949$2,728,692$1,977,242$6,887,244
71$7,962,905$2,792,881$1,973,963$7,482,649
72$8,703,415$2,858,026$1,968,384$8,135,941
73$9,517,198$2,924,104$1,960,360$8,852,955
74$10,411,657$2,991,090$1,949,737$9,640,118
75$11,394,948$3,058,955$1,936,354$10,504,515
76$12,476,055$3,127,667$1,920,045$11,453,949
77$13,664,878$3,197,188$1,900,632$12,497,020
78$14,972,324$3,267,478$1,877,931$13,643,200
79$16,410,408$3,338,491$1,851,749$14,902,931
80$17,992,370$3,410,178$1,821,883$16,287,714
81$19,732,798$3,482,483$1,788,122$17,810,224
82$21,647,763$3,555,344$1,750,244$19,484,426
83$23,754,975$3,628,696$1,708,017$21,325,710
84$26,073,945$3,702,464$1,661,198$23,351,033
85$28,626,173$3,776,571$1,609,533$25,579,079
86$31,435,348$3,850,928$1,552,758$28,030,440
87$34,527,571$3,925,441$1,490,594$30,727,802
88$37,931,605$4,000,010$1,422,750$33,696,167
89$41,679,140$4,074,522$1,348,924$36,963,086
90$45,805,097$4,148,858$1,268,797$40,558,917
91$50,347,954$4,222,889$1,182,039$44,517,114
92$55,350,111$4,296,476$1,088,303$48,874,541
93$60,858,287$4,369,468$987,226$53,671,823
94$66,923,966$4,441,705$878,431$58,953,726
95$73,603,874$4,513,013$761,523$64,769,579
96$80,960,524$4,583,205$636,088$71,173,746
97$89,062,797$4,652,082$501,697$78,226,130
98$97,986,598$4,719,429$357,899$85,992,747
99$107,815,567$4,785,018$204,225$94,546,343
100$118,641,873$4,848,601$40,184$103,967,084