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%12.8%
1 years$145,339$144,045$142,781$141,549$140,345$138,706
2 years$71,950$70,610$69,311$68,052$66,831$65,181
3 years$47,490$46,144$44,849$43,602$42,400$40,791
4 years$35,263$33,921$32,639$31,413$30,240$28,684
5 years$27,928$26,595$25,329$24,128$22,988$21,490
6 years$23,040$21,716$20,470$19,295$18,190$16,750
7 years$19,550$18,237$17,010$15,864$14,793$13,414
8 years$16,933$15,633$14,426$13,308$12,272$10,953
9 years$14,900$13,611$12,425$11,335$10,335$9,074
10 years$13,273$11,998$10,833$9,771$8,806$7,604
11 years$11,944$10,681$9,537$8,504$7,573$6,428
12 years$10,836$9,586$8,464$7,459$6,563$5,474
13 years$9,900$8,663$7,562$6,585$5,723$4,689
14 years$9,099$7,875$6,794$5,846$5,017$4,036
15 years$8,404$7,194$6,134$5,213$4,417$3,488
16 years$7,797$6,600$5,562$4,668$3,904$3,025
17 years$7,263$6,078$5,061$4,194$3,461$2,631
18 years$6,788$5,617$4,620$3,780$3,078$2,294
19 years$6,363$5,206$4,229$3,415$2,743$2,004
20 years$5,982$4,837$3,881$3,093$2,450$1,754
21 years$5,637$4,506$3,570$2,807$2,193$1,538
22 years$5,324$4,206$3,290$2,552$1,966$1,350
23 years$5,039$3,934$3,038$2,325$1,764$1,187
24 years$4,777$3,686$2,810$2,120$1,586$1,044
25 years$4,538$3,459$2,602$1,936$1,427$919
26 years$4,316$3,251$2,414$1,770$1,285$810
27 years$4,112$3,059$2,241$1,620$1,159$715
28 years$3,923$2,883$2,084$1,485$1,046$631
29 years$3,747$2,720$1,939$1,361$944$557
30 years$3,583$2,568$1,806$1,250$853$492
31 years$3,429$2,428$1,684$1,148$771$435
32 years$3,286$2,297$1,571$1,055$698$384
33 years$3,152$2,176$1,467$970$631$340
34 years$3,026$2,062$1,370$892$572$301
35 years$2,907$1,956$1,281$821$518$266
36 years$2,795$1,856$1,199$757$469$235
37 years$2,690$1,763$1,122$697$425$208
38 years$2,590$1,676$1,051$642$386$185
39 years$2,496$1,593$984$592$350$163
40 years$2,406$1,516$923$546$317$145
41 years$2,321$1,443$865$504$288$128
42 years$2,241$1,374$811$465$261$114
43 years$2,164$1,309$761$429$237$101
44 years$2,091$1,248$715$397$215$89
45 years$2,022$1,190$671$366$195$79
46 years$1,955$1,135$630$338$177$70
47 years$1,892$1,083$592$313$161$62
48 years$1,832$1,034$557$289$146$55
49 years$1,774$988$523$267$133$49
50 years$1,718$944$492$247$121$43

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 $5,949 every year, while hoping to spend $25,705 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: 52/42/6 Blend
53$1,760,000$1,760,000$1,760,000$1,760,000
54$1,945,656$1,852,376$1,825,096$2,043,769
55$2,116,763$1,915,793$1,858,887$2,174,388
56$2,304,462$1,981,455$1,892,948$2,313,054
57$2,510,417$2,049,447$1,927,262$2,463,225
58$2,736,463$2,119,853$1,961,809$2,625,989
59$2,984,620$2,192,763$1,996,567$2,802,543
60$3,257,113$2,268,271$2,031,514$2,994,201
61$3,556,395$2,346,473$2,066,626$3,202,409
62$3,885,166$2,427,468$2,101,877$3,428,757
63$4,246,401$2,511,363$2,137,238$3,674,995
64$4,643,378$2,598,263$2,172,680$3,943,047
65$5,079,708$2,688,284$2,208,170$4,235,029
66$5,559,369$2,781,540$2,243,674$4,553,271
67$6,086,743$2,878,154$2,279,156$4,900,336
68$6,666,659$2,978,252$2,314,576$5,279,043
69$7,304,438$3,081,966$2,349,894$5,692,497
70$8,005,940$3,189,431$2,385,064$6,144,115
71$8,777,623$3,300,791$2,420,041$6,637,656
72$9,626,603$3,416,192$2,454,775$7,177,260
73$10,560,719$3,535,789$2,489,213$7,767,483
74$11,588,610$3,659,739$2,523,299$8,413,344
75$12,719,792$3,788,211$2,556,974$9,120,364
76$13,964,753$3,921,375$2,590,174$9,894,626
77$15,335,048$4,059,413$2,622,835$10,742,826
78$16,843,408$4,202,509$2,654,885$11,672,339
79$18,503,863$4,350,859$2,686,251$12,691,284
80$20,331,871$4,504,665$2,716,854$13,808,604
81$22,344,464$4,664,136$2,746,612$15,034,147
82$24,560,413$4,829,492$2,775,437$16,378,761
83$27,000,398$5,000,961$2,803,237$17,854,389
84$29,687,209$5,178,778$2,829,915$19,474,191
85$32,645,956$5,363,190$2,855,369$21,252,659
86$35,904,311$5,554,454$2,879,492$23,205,755
87$39,492,765$5,752,836$2,902,169$25,351,063
88$43,444,918$5,958,616$2,923,282$27,707,951
89$47,797,792$6,172,080$2,942,705$30,297,757
90$52,592,187$6,393,532$2,960,305$33,143,982
91$57,873,058$6,623,284$2,975,944$36,272,520
92$63,689,948$6,861,663$2,989,476$39,711,893
93$70,097,446$7,109,008$3,000,747$43,493,525
94$77,155,710$7,365,673$3,009,596$47,652,034
95$84,931,028$7,632,027$3,015,853$52,225,560
96$93,496,450$7,908,454$3,019,342$57,256,119
97$102,932,473$8,195,353$3,019,875$62,790,005
98$113,327,801$8,493,140$3,017,256$68,878,220
99$124,780,182$8,802,250$3,011,280$75,576,957
100$137,397,335$9,123,134$3,001,732$82,948,128