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%18.3%
1 years$144,513$143,226$141,970$140,744$139,547$134,865
2 years$71,541$70,209$68,918$67,666$66,451$61,779
3 years$47,220$45,882$44,594$43,354$42,159$37,646
4 years$35,062$33,728$32,453$31,234$30,068$25,747
5 years$27,769$26,443$25,185$23,991$22,858$18,740
6 years$22,909$21,593$20,353$19,186$18,086$14,176
7 years$19,439$18,134$16,914$15,774$14,709$11,005
8 years$16,837$15,544$14,344$13,232$12,203$8,702
9 years$14,815$13,534$12,355$11,271$10,276$6,976
10 years$13,198$11,929$10,771$9,716$8,756$5,650
11 years$11,876$10,620$9,483$8,455$7,530$4,612
12 years$10,775$9,532$8,416$7,417$6,526$3,789
13 years$9,844$8,614$7,519$6,548$5,691$3,129
14 years$9,047$7,830$6,756$5,812$4,988$2,594
15 years$8,357$7,153$6,099$5,184$4,392$2,158
16 years$7,753$6,563$5,530$4,641$3,882$1,800
17 years$7,221$6,044$5,032$4,170$3,442$1,504
18 years$6,749$5,585$4,594$3,758$3,060$1,260
19 years$6,327$5,176$4,205$3,396$2,728$1,056
20 years$5,948$4,810$3,859$3,076$2,436$887
21 years$5,605$4,480$3,550$2,791$2,180$746
22 years$5,294$4,182$3,272$2,538$1,954$627
23 years$5,010$3,911$3,021$2,311$1,754$528
24 years$4,750$3,665$2,794$2,108$1,577$445
25 years$4,512$3,439$2,588$1,925$1,419$375
26 years$4,292$3,232$2,400$1,760$1,278$316
27 years$4,089$3,042$2,229$1,611$1,152$267
28 years$3,900$2,866$2,072$1,476$1,040$225
29 years$3,725$2,704$1,928$1,354$939$190
30 years$3,562$2,554$1,796$1,242$848$161
31 years$3,410$2,414$1,674$1,141$767$136
32 years$3,268$2,284$1,562$1,049$694$115
33 years$3,134$2,163$1,458$964$628$97
34 years$3,009$2,050$1,363$887$568$82
35 years$2,891$1,945$1,274$817$515$69
36 years$2,779$1,846$1,192$752$467$58
37 years$2,674$1,753$1,116$693$423$49
38 years$2,575$1,666$1,045$639$383$42
39 years$2,481$1,584$979$589$348$35
40 years$2,393$1,507$917$543$315$30
41 years$2,308$1,435$860$501$286$25
42 years$2,228$1,366$807$463$260$21
43 years$2,152$1,302$757$427$236$18
44 years$2,079$1,241$711$394$214$15
45 years$2,010$1,183$667$364$194$13
46 years$1,944$1,129$627$336$176$11
47 years$1,881$1,077$589$311$160$9
48 years$1,821$1,028$553$287$145$8
49 years$1,764$982$520$265$132$7
50 years$1,709$938$489$245$120$6

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 $3,493 every year, while hoping to spend $29,577 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: 56/38/6 Blend
53$1,750,000$1,750,000$1,750,000$1,750,000
54$1,932,103$1,839,353$1,812,228$2,037,638
55$2,097,708$1,898,012$1,841,468$2,167,759
56$2,279,213$1,958,553$1,870,696$2,305,792
57$2,478,209$2,021,039$1,899,881$2,455,394
58$2,696,448$2,085,531$1,928,989$2,617,669
59$2,935,860$2,152,096$1,957,984$2,793,831
60$3,198,569$2,220,801$1,986,828$2,985,217
61$3,486,917$2,291,714$2,015,480$3,193,296
62$3,803,483$2,364,908$2,043,899$3,419,687
63$4,151,106$2,440,457$2,072,038$3,666,168
64$4,532,917$2,518,437$2,099,849$3,934,699
65$4,952,362$2,598,928$2,127,281$4,227,435
66$5,413,238$2,682,011$2,154,281$4,546,749
67$5,919,730$2,767,770$2,180,791$4,895,253
68$6,476,446$2,856,294$2,206,750$5,275,823
69$7,088,463$2,947,672$2,232,096$5,691,623
70$7,761,375$3,041,997$2,256,760$6,146,139
71$8,501,346$3,139,366$2,280,672$6,643,208
72$9,315,166$3,239,878$2,303,758$7,187,057
73$10,210,316$3,343,635$2,325,936$7,782,337
74$11,195,039$3,450,743$2,347,126$8,434,174
75$12,278,416$3,561,313$2,367,238$9,148,209
76$13,470,455$3,675,458$2,386,181$9,930,658
77$14,782,181$3,793,295$2,403,857$10,788,366
78$16,225,741$3,914,944$2,420,164$11,728,872
79$17,814,521$4,040,531$2,434,995$12,760,478
80$19,563,271$4,170,185$2,448,235$13,892,333
81$21,488,240$4,304,040$2,459,767$15,134,509
82$23,607,336$4,442,233$2,469,464$16,498,106
83$25,940,289$4,584,908$2,477,197$17,995,349
84$28,508,841$4,732,211$2,482,825$19,639,705
85$31,336,949$4,884,296$2,486,206$21,446,010
86$34,451,011$5,041,319$2,487,187$23,430,608
87$37,880,114$5,203,443$2,485,607$25,611,506
88$41,656,311$5,370,838$2,481,301$28,008,540
89$45,814,922$5,543,676$2,474,092$30,643,566
90$50,394,865$5,722,137$2,463,795$33,540,662
91$55,439,028$5,906,408$2,450,219$36,726,356
92$60,994,668$6,096,681$2,433,160$40,229,877
93$67,113,860$6,293,154$2,412,406$44,083,427
94$73,853,988$6,496,033$2,387,737$48,322,487
95$81,278,286$6,705,531$2,358,917$52,986,151
96$89,456,436$6,921,866$2,325,705$58,117,493
97$98,465,221$7,145,266$2,287,845$63,763,974
98$108,389,256$7,375,966$2,245,070$69,977,887
99$119,321,780$7,614,209$2,197,101$76,816,852
100$131,365,542$7,860,246$2,143,644$84,344,361