Can I retire at age 54 with 1,760,000?

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 $1,760,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.3%
1 years$145,339$144,045$142,781$141,549$140,345$137,287
2 years$71,950$70,610$69,311$68,052$66,831$63,765
3 years$47,490$46,144$44,849$43,602$42,400$39,423
4 years$35,263$33,921$32,639$31,413$30,240$27,374
5 years$27,928$26,595$25,329$24,128$22,988$20,241
6 years$23,040$21,716$20,470$19,295$18,190$15,565
7 years$19,550$18,237$17,010$15,864$14,793$12,291
8 years$16,933$15,633$14,426$13,308$12,272$9,892
9 years$14,900$13,611$12,425$11,335$10,335$8,075
10 years$13,273$11,998$10,833$9,771$8,806$6,663
11 years$11,944$10,681$9,537$8,504$7,573$5,546
12 years$10,836$9,586$8,464$7,459$6,563$4,647
13 years$9,900$8,663$7,562$6,585$5,723$3,915
14 years$9,099$7,875$6,794$5,846$5,017$3,314
15 years$8,404$7,194$6,134$5,213$4,417$2,815
16 years$7,797$6,600$5,562$4,668$3,904$2,399
17 years$7,263$6,078$5,061$4,194$3,461$2,050
18 years$6,788$5,617$4,620$3,780$3,078$1,755
19 years$6,363$5,206$4,229$3,415$2,743$1,505
20 years$5,982$4,837$3,881$3,093$2,450$1,293
21 years$5,637$4,506$3,570$2,807$2,193$1,113
22 years$5,324$4,206$3,290$2,552$1,966$958
23 years$5,039$3,934$3,038$2,325$1,764$826
24 years$4,777$3,686$2,810$2,120$1,586$713
25 years$4,538$3,459$2,602$1,936$1,427$615
26 years$4,316$3,251$2,414$1,770$1,285$532
27 years$4,112$3,059$2,241$1,620$1,159$460
28 years$3,923$2,883$2,084$1,485$1,046$397
29 years$3,747$2,720$1,939$1,361$944$344
30 years$3,583$2,568$1,806$1,250$853$298
31 years$3,429$2,428$1,684$1,148$771$258
32 years$3,286$2,297$1,571$1,055$698$223
33 years$3,152$2,176$1,467$970$631$193
34 years$3,026$2,062$1,370$892$572$167
35 years$2,907$1,956$1,281$821$518$145
36 years$2,795$1,856$1,199$757$469$126
37 years$2,690$1,763$1,122$697$425$109
38 years$2,590$1,676$1,051$642$386$94
39 years$2,496$1,593$984$592$350$82
40 years$2,406$1,516$923$546$317$71
41 years$2,321$1,443$865$504$288$61
42 years$2,241$1,374$811$465$261$53
43 years$2,164$1,309$761$429$237$46
44 years$2,091$1,248$715$397$215$40
45 years$2,022$1,190$671$366$195$35
46 years$1,955$1,135$630$338$177$30
47 years$1,892$1,083$592$313$161$26
48 years$1,832$1,034$557$289$146$23
49 years$1,774$988$523$267$133$20
50 years$1,718$944$492$247$121$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $1,760,000, adding $3,994 every year, while hoping to spend $56,056 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: 65/13/22 Blend
53$1,760,000$1,760,000$1,760,000$1,760,000
54$1,943,640$1,850,360$1,823,080$2,058,747
55$2,082,248$1,881,384$1,824,510$2,167,691
56$2,233,115$1,912,050$1,824,109$2,279,999
57$2,397,433$1,942,281$1,821,757$2,401,442
58$2,576,513$1,971,994$1,817,327$2,532,922
59$2,771,796$2,001,101$1,810,686$2,675,428
60$2,984,872$2,029,507$1,801,697$2,830,054
61$3,217,487$2,057,111$1,790,212$2,998,005
62$3,471,566$2,083,805$1,776,080$3,180,610
63$3,749,227$2,109,473$1,759,139$3,379,334
64$4,052,801$2,133,990$1,739,224$3,595,792
65$4,384,856$2,157,225$1,716,157$3,831,766
66$4,748,220$2,179,037$1,689,756$4,089,220
67$5,146,003$2,199,275$1,659,828$4,370,318
68$5,581,635$2,217,778$1,626,172$4,677,450
69$6,058,889$2,234,377$1,588,576$5,013,248
70$6,581,923$2,248,889$1,546,821$5,380,614
71$7,155,314$2,261,120$1,500,675$5,782,750
72$7,784,106$2,270,865$1,449,897$6,223,184
73$8,473,852$2,277,904$1,394,235$6,705,808
74$9,230,668$2,282,004$1,333,425$7,234,911
75$10,061,292$2,282,919$1,267,192$7,815,223
76$10,973,147$2,280,385$1,195,246$8,451,961
77$11,974,408$2,274,123$1,117,286$9,150,873
78$13,074,080$2,263,838$1,032,997$9,918,298
79$14,282,085$2,249,214$942,051$10,761,226
80$15,609,351$2,229,919$844,104$11,687,362
81$17,067,919$2,205,600$738,795$12,705,200
82$18,671,053$2,175,880$625,751$13,824,106
83$20,433,366$2,140,364$504,579$15,054,404
84$22,370,957$2,098,630$374,871$16,407,476
85$24,501,565$2,050,233$236,199$17,895,870
86$26,844,731$1,994,701$88,118$19,533,419
87$29,421,986$1,931,534$0$21,335,372
88$32,257,053$1,860,203$0$23,334,950
89$35,376,068$1,780,149$0$25,557,413
90$38,807,830$1,690,779$0$28,002,602
91$42,584,069$1,591,467$0$30,693,159
92$46,739,746$1,481,551$0$33,654,036
93$51,313,383$1,360,330$0$36,912,729
94$56,347,426$1,227,064$0$40,499,541
95$61,888,644$1,080,971$0$44,447,865
96$67,988,570$921,223$0$48,794,501
97$74,703,988$746,947$0$53,580,001
98$82,097,467$557,220$0$58,849,059
99$90,237,952$351,066$0$64,650,925
100$99,201,412$127,458$0$71,039,874