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

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 $1,770,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.5%
1 years$146,165$144,863$143,593$142,353$141,142$137,396
2 years$72,359$71,011$69,705$68,439$67,211$63,462
3 years$47,760$46,407$45,104$43,849$42,641$39,008
4 years$35,463$34,114$32,824$31,591$30,412$26,922
5 years$28,087$26,746$25,473$24,265$23,119$19,782
6 years$23,171$21,840$20,586$19,405$18,293$15,113
7 years$19,661$18,341$17,107$15,954$14,877$11,853
8 years$17,030$15,722$14,508$13,383$12,342$9,473
9 years$14,984$13,689$12,496$11,400$10,394$7,677
10 years$13,349$12,066$10,894$9,827$8,856$6,288
11 years$12,012$10,741$9,591$8,552$7,616$5,193
12 years$10,898$9,641$8,512$7,501$6,600$4,318
13 years$9,957$8,713$7,605$6,623$5,756$3,609
14 years$9,150$7,920$6,833$5,879$5,045$3,029
15 years$8,452$7,235$6,169$5,243$4,442$2,552
16 years$7,842$6,638$5,593$4,694$3,926$2,156
17 years$7,304$6,113$5,090$4,218$3,481$1,826
18 years$6,826$5,649$4,646$3,801$3,095$1,550
19 years$6,399$5,235$4,253$3,435$2,759$1,318
20 years$6,016$4,865$3,904$3,111$2,464$1,122
21 years$5,669$4,531$3,590$2,823$2,205$956
22 years$5,354$4,230$3,309$2,567$1,977$816
23 years$5,067$3,956$3,055$2,338$1,774$697
24 years$4,805$3,707$2,826$2,132$1,595$596
25 years$4,563$3,478$2,617$1,947$1,435$509
26 years$4,341$3,269$2,427$1,780$1,293$436
27 years$4,135$3,077$2,254$1,630$1,166$373
28 years$3,945$2,899$2,095$1,493$1,052$319
29 years$3,768$2,735$1,950$1,369$950$274
30 years$3,603$2,583$1,816$1,257$858$235
31 years$3,449$2,442$1,693$1,154$776$201
32 years$3,305$2,310$1,580$1,061$702$172
33 years$3,170$2,188$1,475$975$635$148
34 years$3,043$2,074$1,378$897$575$127
35 years$2,924$1,967$1,289$826$521$109
36 years$2,811$1,867$1,205$761$472$93
37 years$2,705$1,773$1,128$701$428$80
38 years$2,605$1,685$1,057$646$388$69
39 years$2,510$1,602$990$596$352$59
40 years$2,420$1,524$928$550$319$51
41 years$2,335$1,451$870$507$289$43
42 years$2,253$1,382$816$468$263$37
43 years$2,176$1,317$766$432$238$32
44 years$2,103$1,255$719$399$216$27
45 years$2,033$1,197$675$368$196$24
46 years$1,966$1,142$634$340$178$20
47 years$1,903$1,090$596$314$162$17
48 years$1,842$1,040$560$290$147$15
49 years$1,784$993$526$268$134$13
50 years$1,728$949$495$248$121$11

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 $5,109 every year, while hoping to spend $39,775 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: 73/10/17 Blend
53$1,770,000$1,770,000$1,770,000$1,770,000
54$1,955,810$1,862,000$1,834,565$2,090,570
55$2,112,982$1,910,918$1,853,703$2,229,551
56$2,284,853$1,960,899$1,872,148$2,376,411
57$2,472,880$2,011,955$1,889,837$2,536,252
58$2,678,666$2,064,094$1,906,699$2,710,352
59$2,903,981$2,117,324$1,922,664$2,900,121
60$3,150,767$2,171,654$1,937,654$3,107,112
61$3,421,170$2,227,089$1,951,590$3,333,036
62$3,717,548$2,283,635$1,964,386$3,579,777
63$4,042,500$2,341,296$1,975,955$3,849,410
64$4,398,888$2,400,073$1,986,204$4,144,222
65$4,789,866$2,459,968$1,995,033$4,466,732
66$5,218,906$2,520,980$2,002,340$4,819,716
67$5,689,833$2,583,106$2,008,017$5,206,232
68$6,206,860$2,646,342$2,011,950$5,629,649
69$6,774,629$2,710,682$2,014,019$6,093,679
70$7,398,253$2,776,117$2,014,100$6,602,412
71$8,083,363$2,842,635$2,012,061$7,160,356
72$8,836,165$2,910,224$2,007,764$7,772,476
73$9,663,494$2,978,865$2,001,064$8,444,245
74$10,572,881$3,048,540$1,991,811$9,181,692
75$11,572,623$3,119,226$1,979,844$9,991,461
76$12,671,859$3,190,897$1,964,997$10,880,873
77$13,880,660$3,263,522$1,947,096$11,857,996
78$15,210,122$3,337,069$1,925,959$12,931,720
79$16,672,468$3,411,500$1,901,392$14,111,842
80$18,281,168$3,486,771$1,873,196$15,409,157
81$20,051,060$3,562,835$1,841,161$16,835,562
82$21,998,495$3,639,642$1,805,067$18,404,165
83$24,141,489$3,717,131$1,764,685$20,129,414
84$26,499,891$3,795,241$1,719,772$22,027,227
85$29,095,574$3,873,902$1,670,078$24,115,149
86$31,952,636$3,953,036$1,615,339$26,412,512
87$35,097,632$4,032,562$1,555,280$28,940,622
88$38,559,820$4,112,388$1,489,612$31,722,957
89$42,371,443$4,192,416$1,418,035$34,785,389
90$46,568,024$4,272,538$1,340,233$38,156,432
91$51,188,709$4,352,639$1,255,878$41,867,506
92$56,276,633$4,432,594$1,164,625$45,953,238
93$61,879,325$4,512,267$1,066,115$50,451,787
94$68,049,160$4,591,511$959,974$55,405,205
95$74,843,849$4,670,171$845,808$60,859,834
96$82,326,988$4,748,075$723,209$66,866,744
97$90,568,652$4,825,042$591,748$73,482,214
98$99,646,062$4,900,877$450,979$80,768,267
99$109,644,309$4,975,368$300,435$88,793,252
100$120,657,159$5,048,292$139,631$97,632,490