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%12.3%
1 years$147,817$146,500$145,215$143,961$142,737$141,364
2 years$73,176$71,814$70,493$69,212$67,970$66,587
3 years$48,300$46,931$45,614$44,345$43,123$41,773
4 years$35,864$34,499$33,195$31,948$30,756$29,449
5 years$28,404$27,048$25,761$24,539$23,380$22,120
6 years$23,433$22,087$20,818$19,624$18,500$17,288
7 years$19,883$18,548$17,300$16,134$15,045$13,883
8 years$17,222$15,899$14,672$13,534$12,482$11,368
9 years$15,153$13,843$12,637$11,528$10,511$9,447
10 years$13,500$12,202$11,017$9,938$8,956$7,939
11 years$12,147$10,863$9,699$8,649$7,703$6,733
12 years$11,021$9,750$8,608$7,586$6,675$5,752
13 years$10,069$8,811$7,691$6,697$5,821$4,943
14 years$9,254$8,009$6,910$5,945$5,102$4,268
15 years$8,548$7,316$6,239$5,302$4,492$3,701
16 years$7,930$6,713$5,656$4,747$3,970$3,221
17 years$7,386$6,182$5,147$4,265$3,520$2,811
18 years$6,903$5,713$4,699$3,844$3,130$2,460
19 years$6,472$5,294$4,301$3,473$2,790$2,157
20 years$6,084$4,920$3,948$3,146$2,492$1,895
21 years$5,733$4,583$3,631$2,855$2,230$1,667
22 years$5,415$4,278$3,347$2,596$1,999$1,469
23 years$5,125$4,001$3,090$2,364$1,794$1,296
24 years$4,859$3,748$2,858$2,156$1,613$1,145
25 years$4,615$3,518$2,647$1,969$1,451$1,012
26 years$4,390$3,306$2,455$1,801$1,307$896
27 years$4,182$3,111$2,279$1,648$1,179$793
28 years$3,990$2,932$2,119$1,510$1,064$703
29 years$3,810$2,766$1,972$1,385$960$623
30 years$3,644$2,612$1,837$1,271$868$553
31 years$3,488$2,469$1,712$1,167$785$490
32 years$3,342$2,336$1,598$1,073$710$435
33 years$3,206$2,213$1,492$986$642$387
34 years$3,077$2,097$1,394$908$581$343
35 years$2,957$1,989$1,303$835$527$305
36 years$2,843$1,888$1,219$769$477$271
37 years$2,736$1,793$1,141$709$432$241
38 years$2,634$1,704$1,069$653$392$214
39 years$2,538$1,620$1,001$602$356$191
40 years$2,447$1,542$938$556$323$170
41 years$2,361$1,468$880$513$293$151
42 years$2,279$1,398$825$473$265$134
43 years$2,201$1,332$774$437$241$119
44 years$2,127$1,269$727$403$219$106
45 years$2,056$1,210$683$372$199$95
46 years$1,989$1,155$641$344$180$84
47 years$1,924$1,102$602$318$164$75
48 years$1,863$1,052$566$294$149$67
49 years$1,804$1,005$532$271$135$59
50 years$1,748$960$500$251$123$53

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 $3,864 every year, while hoping to spend $42,183 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: 75/18/7 Blend
53$1,790,000$1,790,000$1,790,000$1,790,000
54$1,976,566$1,881,696$1,853,951$2,122,708
55$2,133,293$1,929,016$1,871,176$2,266,708
56$2,304,593$1,977,242$1,887,564$2,418,703
57$2,491,907$2,026,372$1,903,043$2,584,043
58$2,696,822$2,076,406$1,917,536$2,764,033
59$2,921,088$2,127,339$1,930,963$2,960,113
60$3,166,628$2,179,168$1,943,239$3,173,867
61$3,435,562$2,231,885$1,954,276$3,407,038
62$3,730,224$2,285,483$1,963,979$3,661,548
63$4,053,186$2,339,950$1,972,251$3,939,513
64$4,407,278$2,395,274$1,978,988$4,243,262
65$4,795,617$2,451,440$1,984,082$4,575,362
66$5,221,640$2,508,431$1,987,418$4,938,642
67$5,689,129$2,566,225$1,988,878$5,336,213
68$6,202,250$2,624,800$1,988,335$5,771,509
69$6,765,593$2,684,129$1,985,659$6,248,306
70$7,384,215$2,744,183$1,980,710$6,770,770
71$8,063,685$2,804,928$1,973,344$7,343,487
72$8,810,139$2,866,328$1,963,409$7,971,509
73$9,630,337$2,928,341$1,950,746$8,660,405
74$10,531,723$2,990,921$1,935,188$9,416,309
75$11,522,502$3,054,020$1,916,560$10,245,978
76$12,611,712$3,117,581$1,894,679$11,156,859
77$13,809,309$3,181,546$1,869,354$12,157,156
78$15,126,264$3,245,847$1,840,383$13,255,911
79$16,574,664$3,310,414$1,807,557$14,463,082
80$18,167,824$3,375,169$1,770,654$15,789,647
81$19,920,417$3,440,027$1,729,446$17,247,700
82$21,848,607$3,504,896$1,683,690$18,850,565
83$23,970,207$3,569,678$1,633,135$20,612,928
84$26,304,841$3,634,265$1,577,518$22,550,970
85$28,874,132$3,698,541$1,516,562$24,682,520
86$31,701,905$3,762,382$1,449,979$27,027,227
87$34,814,414$3,825,653$1,377,468$29,606,741
88$38,240,585$3,888,211$1,298,714$32,444,920
89$42,012,291$3,949,899$1,213,387$35,568,055
90$46,164,653$4,010,552$1,121,143$39,005,117
91$50,736,369$4,069,991$1,021,624$42,788,031
92$55,770,083$4,128,024$914,452$46,951,978
93$61,312,781$4,184,447$799,236$51,535,728
94$67,416,240$4,239,041$675,566$56,582,001
95$74,137,513$4,291,571$543,014$62,137,878
96$81,539,468$4,341,786$401,133$68,255,239
97$89,691,380$4,389,420$249,457$74,991,257
98$98,669,586$4,434,186$87,499$82,408,936
99$108,558,203$4,475,781$0$90,577,706
100$119,449,926$4,513,881$0$99,580,451