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%13.7%
1 years$146,991$145,681$144,404$143,157$141,940$139,761
2 years$72,768$71,412$70,099$68,826$67,590$65,401
3 years$48,030$46,669$45,359$44,097$42,882$40,749
4 years$35,663$34,307$33,010$31,770$30,584$28,525
5 years$28,246$26,897$25,617$24,402$23,249$21,270
6 years$23,302$21,963$20,702$19,515$18,396$16,499
7 years$19,772$18,445$17,204$16,044$14,961$13,146
8 years$17,126$15,810$14,590$13,459$12,412$10,678
9 years$15,069$13,766$12,566$11,464$10,453$8,800
10 years$13,424$12,134$10,956$9,882$8,906$7,334
11 years$12,079$10,802$9,645$8,600$7,660$6,166
12 years$10,960$9,695$8,560$7,544$6,638$5,220
13 years$10,013$8,762$7,648$6,660$5,788$4,445
14 years$9,202$7,964$6,871$5,912$5,074$3,803
15 years$8,500$7,275$6,204$5,272$4,467$3,267
16 years$7,886$6,675$5,625$4,721$3,948$2,815
17 years$7,345$6,148$5,118$4,242$3,501$2,433
18 years$6,865$5,681$4,672$3,823$3,113$2,107
19 years$6,436$5,265$4,277$3,454$2,774$1,829
20 years$6,050$4,892$3,926$3,128$2,478$1,591
21 years$5,701$4,557$3,611$2,839$2,218$1,385
22 years$5,384$4,254$3,328$2,581$1,988$1,208
23 years$5,096$3,978$3,073$2,351$1,784$1,054
24 years$4,832$3,728$2,842$2,144$1,604$921
25 years$4,589$3,498$2,632$1,958$1,443$805
26 years$4,366$3,288$2,441$1,790$1,300$705
27 years$4,159$3,094$2,267$1,639$1,172$617
28 years$3,967$2,916$2,107$1,502$1,058$541
29 years$3,789$2,750$1,961$1,377$955$474
30 years$3,623$2,598$1,827$1,264$863$416
31 years$3,468$2,456$1,703$1,161$780$365
32 years$3,324$2,323$1,589$1,067$706$320
33 years$3,188$2,200$1,483$981$639$281
34 years$3,060$2,085$1,386$902$578$246
35 years$2,940$1,978$1,296$831$524$216
36 years$2,827$1,877$1,212$765$475$190
37 years$2,720$1,783$1,135$705$430$167
38 years$2,619$1,695$1,063$650$390$147
39 years$2,524$1,611$995$599$354$129
40 years$2,434$1,533$933$553$321$113
41 years$2,348$1,459$875$510$291$100
42 years$2,266$1,390$821$471$264$88
43 years$2,189$1,324$770$434$240$77
44 years$2,115$1,262$723$401$217$68
45 years$2,045$1,204$679$370$197$59
46 years$1,978$1,148$638$342$179$52
47 years$1,914$1,096$599$316$163$46
48 years$1,852$1,046$563$292$148$40
49 years$1,794$999$529$270$134$36
50 years$1,738$954$497$250$122$31

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 $5,682 every year, while hoping to spend $30,681 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: 54/32/14 Blend
53$1,780,000$1,780,000$1,780,000$1,780,000
54$1,967,421$1,873,081$1,845,491$2,066,111
55$2,135,454$1,932,218$1,874,671$2,193,082
56$2,319,597$1,993,224$1,903,799$2,327,433
57$2,521,463$2,056,158$1,932,843$2,472,967
58$2,742,825$2,121,083$1,961,766$2,630,756
59$2,985,637$2,188,060$1,990,529$2,801,979
60$3,252,051$2,257,154$2,019,092$2,987,931
61$3,544,440$2,328,434$2,047,411$3,190,041
62$3,865,413$2,401,968$2,075,439$3,409,878
63$4,217,848$2,477,827$2,103,130$3,649,173
64$4,604,914$2,556,086$2,130,429$3,909,827
65$5,030,101$2,636,820$2,157,284$4,193,936
66$5,497,254$2,720,107$2,183,637$4,503,806
67$6,010,611$2,806,029$2,209,426$4,841,978
68$6,574,839$2,894,670$2,234,587$5,211,246
69$7,195,078$2,986,115$2,259,051$5,614,691
70$7,876,995$3,080,453$2,282,748$6,055,702
71$8,626,830$3,177,777$2,305,602$6,538,013
72$9,451,459$3,278,180$2,327,532$7,065,737
73$10,358,458$3,381,761$2,348,454$7,643,403
74$11,356,174$3,488,621$2,368,281$8,275,999
75$12,453,803$3,598,863$2,386,918$8,969,018
76$13,661,479$3,712,594$2,404,267$9,728,514
77$14,990,365$3,829,927$2,420,225$10,561,151
78$16,452,762$3,950,974$2,434,683$11,474,273
79$18,062,226$4,075,854$2,447,527$12,475,970
80$19,833,691$4,204,688$2,458,637$13,575,151
81$21,783,612$4,337,602$2,467,886$14,781,633
82$23,930,122$4,474,727$2,475,142$16,106,232
83$26,293,201$4,616,194$2,480,265$17,560,861
84$28,894,862$4,762,143$2,483,109$19,158,646
85$31,759,366$4,912,716$2,483,521$20,914,050
86$34,913,442$5,068,059$2,481,339$22,843,004
87$38,386,544$5,228,325$2,476,395$24,963,063
88$42,211,128$5,393,670$2,468,511$27,293,568
89$46,422,958$5,564,255$2,457,501$29,855,829
90$51,061,444$5,740,247$2,443,171$32,673,325
91$56,170,010$5,921,818$2,425,316$35,771,926
92$61,796,509$6,109,145$2,403,722$39,180,138
93$67,993,671$6,302,412$2,378,166$42,929,368
94$74,819,603$6,501,807$2,348,412$47,054,224
95$82,338,333$6,707,526$2,314,214$51,592,837
96$90,620,418$6,919,770$2,275,315$56,587,226
97$99,743,608$7,138,746$2,231,445$62,083,689
98$109,793,581$7,364,669$2,182,323$68,133,243
99$120,864,748$7,597,760$2,127,654$74,792,102
100$133,061,150$7,838,248$2,067,128$82,122,210