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

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 $1,760,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.4%
1 years$145,339$144,045$142,781$141,549$140,345$139,519
2 years$71,950$70,610$69,311$68,052$66,831$65,998
3 years$47,490$46,144$44,849$43,602$42,400$41,585
4 years$35,263$33,921$32,639$31,413$30,240$29,450
5 years$27,928$26,595$25,329$24,128$22,988$22,225
6 years$23,040$21,716$20,470$19,295$18,190$17,455
7 years$19,550$18,237$17,010$15,864$14,793$14,087
8 years$16,933$15,633$14,426$13,308$12,272$11,594
9 years$14,900$13,611$12,425$11,335$10,335$9,685
10 years$13,273$11,998$10,833$9,771$8,806$8,184
11 years$11,944$10,681$9,537$8,504$7,573$6,979
12 years$10,836$9,586$8,464$7,459$6,563$5,996
13 years$9,900$8,663$7,562$6,585$5,723$5,182
14 years$9,099$7,875$6,794$5,846$5,017$4,502
15 years$8,404$7,194$6,134$5,213$4,417$3,927
16 years$7,797$6,600$5,562$4,668$3,904$3,439
17 years$7,263$6,078$5,061$4,194$3,461$3,020
18 years$6,788$5,617$4,620$3,780$3,078$2,659
19 years$6,363$5,206$4,229$3,415$2,743$2,347
20 years$5,982$4,837$3,881$3,093$2,450$2,075
21 years$5,637$4,506$3,570$2,807$2,193$1,838
22 years$5,324$4,206$3,290$2,552$1,966$1,631
23 years$5,039$3,934$3,038$2,325$1,764$1,449
24 years$4,777$3,686$2,810$2,120$1,586$1,289
25 years$4,538$3,459$2,602$1,936$1,427$1,147
26 years$4,316$3,251$2,414$1,770$1,285$1,022
27 years$4,112$3,059$2,241$1,620$1,159$912
28 years$3,923$2,883$2,084$1,485$1,046$814
29 years$3,747$2,720$1,939$1,361$944$727
30 years$3,583$2,568$1,806$1,250$853$649
31 years$3,429$2,428$1,684$1,148$771$580
32 years$3,286$2,297$1,571$1,055$698$519
33 years$3,152$2,176$1,467$970$631$464
34 years$3,026$2,062$1,370$892$572$416
35 years$2,907$1,956$1,281$821$518$372
36 years$2,795$1,856$1,199$757$469$333
37 years$2,690$1,763$1,122$697$425$298
38 years$2,590$1,676$1,051$642$386$267
39 years$2,496$1,593$984$592$350$240
40 years$2,406$1,516$923$546$317$215
41 years$2,321$1,443$865$504$288$193
42 years$2,241$1,374$811$465$261$173
43 years$2,164$1,309$761$429$237$155
44 years$2,091$1,248$715$397$215$139
45 years$2,022$1,190$671$366$195$124
46 years$1,955$1,135$630$338$177$112
47 years$1,892$1,083$592$313$161$100
48 years$1,832$1,034$557$289$146$90
49 years$1,774$988$523$267$133$81
50 years$1,718$944$492$247$121$72

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 $5,021 every year, while hoping to spend $39,989 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: 43/44/13 Blend
53$1,760,000$1,760,000$1,760,000$1,760,000
54$1,944,699$1,851,419$1,824,139$2,020,777
55$2,100,510$1,899,591$1,842,700$2,122,668
56$2,270,874$1,948,782$1,860,542$2,228,592
57$2,457,233$1,999,002$1,877,599$2,342,467
58$2,661,174$2,050,256$1,893,802$2,465,040
59$2,884,446$2,102,551$1,909,077$2,597,132
60$3,128,974$2,155,891$1,923,346$2,739,647
61$3,396,880$2,210,280$1,936,528$2,893,580
62$3,690,497$2,265,719$1,948,537$3,060,029
63$4,012,398$2,322,210$1,959,284$3,240,198
64$4,365,415$2,379,751$1,968,672$3,435,419
65$4,752,668$2,438,339$1,976,604$3,647,154
66$5,177,594$2,497,971$1,982,973$3,877,016
67$5,643,976$2,558,640$1,987,671$4,126,781
68$6,155,985$2,620,337$1,990,581$4,398,405
69$6,718,214$2,683,051$1,991,584$4,694,044
70$7,335,720$2,746,769$1,990,550$5,016,071
71$8,014,078$2,811,475$1,987,348$5,367,102
72$8,759,427$2,877,151$1,981,838$5,750,020
73$9,578,531$2,943,774$1,973,872$6,167,999
74$10,478,842$3,011,319$1,963,296$6,624,539
75$11,468,568$3,079,757$1,949,951$7,123,494
76$12,556,754$3,149,058$1,933,666$7,669,114
77$13,753,364$3,219,183$1,914,266$8,266,080
78$15,069,377$3,290,092$1,891,563$8,919,549
79$16,516,887$3,361,741$1,865,365$9,635,208
80$18,109,223$3,434,080$1,835,468$10,419,321
81$19,861,067$3,507,053$1,801,659$11,278,792
82$21,788,597$3,580,600$1,763,716$12,221,229
83$23,909,639$3,654,654$1,721,405$13,255,018
84$26,243,833$3,729,143$1,674,483$14,389,398
85$28,812,820$3,803,987$1,622,695$15,634,556
86$31,640,445$3,879,100$1,565,773$17,001,713
87$34,752,983$3,954,389$1,503,439$18,503,240
88$38,179,384$4,029,750$1,435,401$20,152,770
89$41,951,549$4,105,075$1,361,354$21,965,326
90$46,104,626$4,180,244$1,280,979$23,957,468
91$50,677,350$4,255,127$1,193,943$26,147,445
92$55,712,398$4,329,586$1,099,898$28,555,370
93$61,256,798$4,403,472$998,481$31,203,411
94$67,362,372$4,476,623$889,310$34,115,998
95$74,086,222$4,548,865$771,990$37,320,057
96$81,491,270$4,620,013$646,105$40,845,262
97$89,646,854$4,689,868$511,224$44,724,320
98$98,629,376$4,758,215$366,893$48,993,277
99$108,523,030$4,824,825$212,642$53,691,859
100$119,420,590$4,889,452$47,976$58,863,849