Can I retire at age 54 with 1,780,000?

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 $1,780,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.3%
1 years$146,991$145,681$144,404$143,157$141,940$138,284
2 years$72,768$71,412$70,099$68,826$67,590$63,932
3 years$48,030$46,669$45,359$44,097$42,882$39,335
4 years$35,663$34,307$33,010$31,770$30,584$27,175
5 years$28,246$26,897$25,617$24,402$23,249$19,989
6 years$23,302$21,963$20,702$19,515$18,396$15,287
7 years$19,772$18,445$17,204$16,044$14,961$12,004
8 years$17,126$15,810$14,590$13,459$12,412$9,604
9 years$15,069$13,766$12,566$11,464$10,453$7,793
10 years$13,424$12,134$10,956$9,882$8,906$6,391
11 years$12,079$10,802$9,645$8,600$7,660$5,285
12 years$10,960$9,695$8,560$7,544$6,638$4,400
13 years$10,013$8,762$7,648$6,660$5,788$3,682
14 years$9,202$7,964$6,871$5,912$5,074$3,095
15 years$8,500$7,275$6,204$5,272$4,467$2,611
16 years$7,886$6,675$5,625$4,721$3,948$2,210
17 years$7,345$6,148$5,118$4,242$3,501$1,874
18 years$6,865$5,681$4,672$3,823$3,113$1,593
19 years$6,436$5,265$4,277$3,454$2,774$1,356
20 years$6,050$4,892$3,926$3,128$2,478$1,156
21 years$5,701$4,557$3,611$2,839$2,218$987
22 years$5,384$4,254$3,328$2,581$1,988$844
23 years$5,096$3,978$3,073$2,351$1,784$722
24 years$4,832$3,728$2,842$2,144$1,604$618
25 years$4,589$3,498$2,632$1,958$1,443$529
26 years$4,366$3,288$2,441$1,790$1,300$453
27 years$4,159$3,094$2,267$1,639$1,172$389
28 years$3,967$2,916$2,107$1,502$1,058$334
29 years$3,789$2,750$1,961$1,377$955$286
30 years$3,623$2,598$1,827$1,264$863$246
31 years$3,468$2,456$1,703$1,161$780$211
32 years$3,324$2,323$1,589$1,067$706$181
33 years$3,188$2,200$1,483$981$639$156
34 years$3,060$2,085$1,386$902$578$134
35 years$2,940$1,978$1,296$831$524$115
36 years$2,827$1,877$1,212$765$475$99
37 years$2,720$1,783$1,135$705$430$85
38 years$2,619$1,695$1,063$650$390$73
39 years$2,524$1,611$995$599$354$63
40 years$2,434$1,533$933$553$321$54
41 years$2,348$1,459$875$510$291$46
42 years$2,266$1,390$821$471$264$40
43 years$2,189$1,324$770$434$240$34
44 years$2,115$1,262$723$401$217$29
45 years$2,045$1,204$679$370$197$25
46 years$1,978$1,148$638$342$179$22
47 years$1,914$1,096$599$316$163$19
48 years$1,852$1,046$563$292$148$16
49 years$1,794$999$529$270$134$14
50 years$1,738$954$497$250$122$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $1,780,000, adding $3,291 every year, while hoping to spend $49,386 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: 60/35/5 Blend
53$1,780,000$1,780,000$1,780,000$1,780,000
54$1,964,955$1,870,615$1,843,025$2,080,991
55$2,112,834$1,909,728$1,852,220$2,198,081
56$2,274,141$1,949,104$1,860,068$2,319,732
57$2,450,195$1,988,701$1,866,471$2,451,144
58$2,642,445$2,028,477$1,871,328$2,593,256
59$2,852,487$2,068,386$1,874,531$2,747,099
60$3,082,081$2,108,376$1,875,967$2,913,813
61$3,333,160$2,148,394$1,875,518$3,094,650
62$3,607,855$2,188,378$1,873,061$3,290,992
63$3,908,512$2,228,265$1,868,465$3,504,358
64$4,237,716$2,267,985$1,861,594$3,736,425
65$4,598,310$2,307,463$1,852,304$3,989,039
66$4,993,427$2,346,619$1,840,446$4,264,235
67$5,426,518$2,385,365$1,825,863$4,564,253
68$5,901,384$2,423,608$1,808,390$4,891,564
69$6,422,208$2,461,248$1,787,854$5,248,890
70$6,993,601$2,498,177$1,764,075$5,639,229
71$7,620,640$2,534,279$1,736,863$6,065,887
72$8,308,919$2,569,433$1,706,022$6,532,508
73$9,064,598$2,603,504$1,671,343$7,043,104
74$9,894,464$2,636,352$1,632,609$7,602,101
75$10,805,992$2,667,826$1,589,594$8,214,375
76$11,807,418$2,697,765$1,542,061$8,885,300
77$12,907,814$2,725,995$1,489,760$9,620,799
78$14,117,177$2,752,334$1,432,432$10,427,399
79$15,446,517$2,776,586$1,369,806$11,312,297
80$16,907,965$2,798,542$1,301,598$12,283,422
81$18,514,886$2,817,980$1,227,511$13,349,514
82$20,282,007$2,834,663$1,147,235$14,520,208
83$22,225,549$2,848,340$1,060,445$15,806,120
84$24,363,389$2,858,742$966,803$17,218,956
85$26,715,219$2,865,585$865,956$18,771,613
86$29,302,739$2,868,566$757,533$20,478,309
87$32,149,857$2,867,365$641,149$22,354,714
88$35,282,916$2,861,639$516,401$24,418,102
89$38,730,940$2,851,026$382,868$26,687,507
90$42,525,912$2,835,142$240,109$29,183,914
91$46,703,070$2,813,579$87,668$31,930,449
92$51,301,243$2,785,904$0$34,952,602
93$56,363,215$2,751,659$0$38,282,470
94$61,936,129$2,710,356$0$41,952,269
95$68,071,932$2,661,482$0$45,991,475
96$74,827,865$2,604,489$0$50,437,735
97$82,266,999$2,538,801$0$55,332,541
98$90,458,835$2,463,805$0$60,721,621
99$99,479,958$2,378,853$0$66,655,375
100$109,414,757$2,283,260$0$73,189,351