Can I retire at age 54 with 1,770,000?

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 $1,770,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.7%
1 years$146,165$144,863$143,593$142,353$141,142$137,285
2 years$72,359$71,011$69,705$68,439$67,211$63,353
3 years$47,760$46,407$45,104$43,849$42,641$38,903
4 years$35,463$34,114$32,824$31,591$30,412$26,823
5 years$28,087$26,746$25,473$24,265$23,119$19,688
6 years$23,171$21,840$20,586$19,405$18,293$15,024
7 years$19,661$18,341$17,107$15,954$14,877$11,771
8 years$17,030$15,722$14,508$13,383$12,342$9,396
9 years$14,984$13,689$12,496$11,400$10,394$7,605
10 years$13,349$12,066$10,894$9,827$8,856$6,222
11 years$12,012$10,741$9,591$8,552$7,616$5,132
12 years$10,898$9,641$8,512$7,501$6,600$4,261
13 years$9,957$8,713$7,605$6,623$5,756$3,557
14 years$9,150$7,920$6,833$5,879$5,045$2,982
15 years$8,452$7,235$6,169$5,243$4,442$2,508
16 years$7,842$6,638$5,593$4,694$3,926$2,116
17 years$7,304$6,113$5,090$4,218$3,481$1,790
18 years$6,826$5,649$4,646$3,801$3,095$1,517
19 years$6,399$5,235$4,253$3,435$2,759$1,287
20 years$6,016$4,865$3,904$3,111$2,464$1,094
21 years$5,669$4,531$3,590$2,823$2,205$931
22 years$5,354$4,230$3,309$2,567$1,977$794
23 years$5,067$3,956$3,055$2,338$1,774$677
24 years$4,805$3,707$2,826$2,132$1,595$577
25 years$4,563$3,478$2,617$1,947$1,435$493
26 years$4,341$3,269$2,427$1,780$1,293$421
27 years$4,135$3,077$2,254$1,630$1,166$360
28 years$3,945$2,899$2,095$1,493$1,052$308
29 years$3,768$2,735$1,950$1,369$950$263
30 years$3,603$2,583$1,816$1,257$858$225
31 years$3,449$2,442$1,693$1,154$776$193
32 years$3,305$2,310$1,580$1,061$702$165
33 years$3,170$2,188$1,475$975$635$141
34 years$3,043$2,074$1,378$897$575$121
35 years$2,924$1,967$1,289$826$521$103
36 years$2,811$1,867$1,205$761$472$89
37 years$2,705$1,773$1,128$701$428$76
38 years$2,605$1,685$1,057$646$388$65
39 years$2,510$1,602$990$596$352$56
40 years$2,420$1,524$928$550$319$48
41 years$2,335$1,451$870$507$289$41
42 years$2,253$1,382$816$468$263$35
43 years$2,176$1,317$766$432$238$30
44 years$2,103$1,255$719$399$216$26
45 years$2,033$1,197$675$368$196$22
46 years$1,966$1,142$634$340$178$19
47 years$1,903$1,090$596$314$162$16
48 years$1,842$1,040$560$290$147$14
49 years$1,784$993$526$268$134$12
50 years$1,728$949$495$248$121$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $1,770,000, adding $4,258 every year, while hoping to spend $42,128 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: 49/21/30 Blend
53$1,770,000$1,770,000$1,770,000$1,770,000
54$1,954,932$1,861,122$1,833,687$2,033,837
55$2,109,511$1,907,493$1,850,292$2,136,131
56$2,278,446$1,954,725$1,866,041$2,242,739
57$2,463,155$2,002,814$1,880,861$2,357,769
58$2,665,202$2,051,757$1,894,675$2,482,041
59$2,886,309$2,101,549$1,907,403$2,616,458
60$3,128,369$2,152,182$1,918,958$2,762,015
61$3,393,472$2,203,648$1,929,252$2,919,810
62$3,683,914$2,255,935$1,938,189$3,091,051
63$4,002,226$2,309,029$1,945,672$3,277,074
64$4,351,198$2,362,915$1,951,596$3,479,346
65$4,733,897$2,417,576$1,955,852$3,699,488
66$5,153,707$2,472,989$1,958,325$3,939,286
67$5,614,351$2,529,131$1,958,895$4,200,708
68$6,119,932$2,585,976$1,957,436$4,485,926
69$6,674,969$2,643,493$1,953,814$4,797,331
70$7,284,441$2,701,649$1,947,892$5,137,562
71$7,953,831$2,760,407$1,939,523$5,509,526
72$8,689,178$2,819,724$1,928,554$5,916,428
73$9,497,140$2,879,555$1,914,825$6,361,803
74$10,385,046$2,939,851$1,898,170$6,849,546
75$11,360,972$3,000,556$1,878,411$7,383,953
76$12,433,818$3,061,610$1,855,364$7,969,757
77$13,613,386$3,122,948$1,828,837$8,612,178
78$14,910,477$3,184,497$1,798,629$9,316,970
79$16,336,989$3,246,181$1,764,526$10,090,475
80$17,906,034$3,307,916$1,726,309$10,939,687
81$19,632,055$3,369,609$1,683,746$11,872,313
82$21,530,968$3,431,163$1,636,595$12,896,851
83$23,620,308$3,492,471$1,584,602$14,022,668
84$25,919,395$3,553,419$1,527,503$15,260,088
85$28,449,519$3,613,882$1,465,020$16,620,495
86$31,234,136$3,673,727$1,396,863$18,116,435
87$34,299,090$3,732,813$1,322,731$19,761,740
88$37,672,861$3,790,984$1,242,306$21,571,656
89$41,386,827$3,848,076$1,155,257$23,562,987
90$45,475,564$3,903,913$1,061,240$25,754,258
91$49,977,172$3,958,306$959,892$28,165,890
92$54,933,632$4,011,051$850,836$30,820,389
93$60,391,203$4,061,932$733,679$33,742,565
94$66,400,857$4,110,719$608,009$36,959,764
95$73,018,763$4,157,163$473,397$40,502,128
96$80,306,814$4,201,001$329,392$44,402,882
97$88,333,211$4,241,951$175,528$48,698,645
98$97,173,105$4,279,714$11,316$53,429,781
99$106,909,311$4,313,969$0$58,640,779
100$117,633,083$4,344,376$0$64,433,149