Can I retire at age 54 with 1,790,000?

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 $1,790,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.3%
1 years$147,817$146,500$145,215$143,961$142,737$140,199
2 years$73,176$71,814$70,493$69,212$67,970$65,422
3 years$48,300$46,931$45,614$44,345$43,123$40,644
4 years$35,864$34,499$33,195$31,948$30,756$28,365
5 years$28,404$27,048$25,761$24,539$23,380$21,084
6 years$23,433$22,087$20,818$19,624$18,500$16,301
7 years$19,883$18,548$17,300$16,134$15,045$12,945
8 years$17,222$15,899$14,672$13,534$12,482$10,479
9 years$15,153$13,843$12,637$11,528$10,511$8,605
10 years$13,500$12,202$11,017$9,938$8,956$7,145
11 years$12,147$10,863$9,699$8,649$7,703$5,984
12 years$11,021$9,750$8,608$7,586$6,675$5,047
13 years$10,069$8,811$7,691$6,697$5,821$4,281
14 years$9,254$8,009$6,910$5,945$5,102$3,648
15 years$8,548$7,316$6,239$5,302$4,492$3,120
16 years$7,930$6,713$5,656$4,747$3,970$2,678
17 years$7,386$6,182$5,147$4,265$3,520$2,304
18 years$6,903$5,713$4,699$3,844$3,130$1,987
19 years$6,472$5,294$4,301$3,473$2,790$1,718
20 years$6,084$4,920$3,948$3,146$2,492$1,487
21 years$5,733$4,583$3,631$2,855$2,230$1,289
22 years$5,415$4,278$3,347$2,596$1,999$1,119
23 years$5,125$4,001$3,090$2,364$1,794$972
24 years$4,859$3,748$2,858$2,156$1,613$845
25 years$4,615$3,518$2,647$1,969$1,451$735
26 years$4,390$3,306$2,455$1,801$1,307$641
27 years$4,182$3,111$2,279$1,648$1,179$558
28 years$3,990$2,932$2,119$1,510$1,064$487
29 years$3,810$2,766$1,972$1,385$960$424
30 years$3,644$2,612$1,837$1,271$868$370
31 years$3,488$2,469$1,712$1,167$785$323
32 years$3,342$2,336$1,598$1,073$710$282
33 years$3,206$2,213$1,492$986$642$247
34 years$3,077$2,097$1,394$908$581$215
35 years$2,957$1,989$1,303$835$527$188
36 years$2,843$1,888$1,219$769$477$164
37 years$2,736$1,793$1,141$709$432$144
38 years$2,634$1,704$1,069$653$392$126
39 years$2,538$1,620$1,001$602$356$110
40 years$2,447$1,542$938$556$323$96
41 years$2,361$1,468$880$513$293$84
42 years$2,279$1,398$825$473$265$73
43 years$2,201$1,332$774$437$241$64
44 years$2,127$1,269$727$403$219$56
45 years$2,056$1,210$683$372$199$49
46 years$1,989$1,155$641$344$180$43
47 years$1,924$1,102$602$318$164$38
48 years$1,863$1,052$566$294$149$33
49 years$1,804$1,005$532$271$135$29
50 years$1,748$960$500$251$123$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $1,790,000, adding $6,451 every year, while hoping to spend $36,968 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: 67/17/16 Blend
53$1,790,000$1,790,000$1,790,000$1,790,000
54$1,979,234$1,884,364$1,856,619$2,103,851
55$2,141,782$1,937,364$1,879,482$2,240,872
56$2,319,672$1,991,723$1,901,872$2,385,712
57$2,514,427$2,047,466$1,923,734$2,543,169
58$2,727,730$2,104,623$1,945,010$2,714,478
59$2,961,430$2,163,221$1,965,639$2,901,000
60$3,217,564$2,223,287$1,985,557$3,104,234
61$3,498,377$2,284,850$2,004,695$3,325,832
62$3,806,341$2,347,937$2,022,981$3,567,610
63$4,144,177$2,412,575$2,040,341$3,831,572
64$4,514,885$2,478,794$2,056,694$4,119,924
65$4,921,768$2,546,618$2,071,957$4,435,095
66$5,368,462$2,616,077$2,086,042$4,779,762
67$5,858,977$2,687,197$2,098,856$5,156,873
68$6,397,727$2,760,003$2,110,302$5,569,677
69$6,989,575$2,834,523$2,120,277$6,021,753
70$7,639,878$2,910,782$2,128,673$6,517,043
71$8,354,540$2,988,804$2,135,378$7,059,890
72$9,140,062$3,068,615$2,140,272$7,655,081
73$10,003,608$3,150,237$2,143,231$8,307,889
74$10,953,071$3,233,693$2,144,124$9,024,123
75$11,997,145$3,319,005$2,142,813$9,810,185
76$13,145,411$3,406,193$2,139,154$10,673,128
77$14,408,423$3,495,277$2,132,997$11,620,724
78$15,797,812$3,586,275$2,124,181$12,661,536
79$17,326,390$3,679,203$2,112,542$13,805,001
80$19,008,274$3,774,077$2,097,905$15,061,516
81$20,859,020$3,870,909$2,080,087$16,442,538
82$22,895,768$3,969,711$2,058,897$17,960,693
83$25,137,401$4,070,491$2,034,135$19,629,893
84$27,604,728$4,173,257$2,005,591$21,465,467
85$30,320,676$4,278,014$1,973,045$23,484,310
86$33,310,510$4,384,761$1,936,266$25,705,036
87$36,602,066$4,493,499$1,895,016$28,148,160
88$40,226,019$4,604,222$1,849,040$30,836,286
89$44,216,166$4,716,922$1,798,077$33,794,325
90$48,609,752$4,831,588$1,741,849$37,049,727
91$53,447,816$4,948,205$1,680,070$40,632,744
92$58,775,577$5,066,751$1,612,437$44,576,711
93$64,642,867$5,187,203$1,538,634$48,918,362
94$71,104,594$5,309,531$1,458,333$53,698,180
95$78,221,264$5,433,699$1,371,189$58,960,776
96$86,059,551$5,559,668$1,276,842$64,755,310
97$94,692,924$5,687,391$1,174,915$71,135,960
98$104,202,343$5,816,814$1,065,015$78,162,425
99$114,677,021$5,947,877$946,732$85,900,498
100$126,215,266$6,080,512$819,637$94,422,680