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%11%
1 years$147,817$146,500$145,215$143,961$142,737$142,136
2 years$73,176$71,814$70,493$69,212$67,970$67,363
3 years$48,300$46,931$45,614$44,345$43,123$42,529
4 years$35,864$34,499$33,195$31,948$30,756$30,179
5 years$28,404$27,048$25,761$24,539$23,380$22,823
6 years$23,433$22,087$20,818$19,624$18,500$17,963
7 years$19,883$18,548$17,300$16,134$15,045$14,528
8 years$17,222$15,899$14,672$13,534$12,482$11,985
9 years$15,153$13,843$12,637$11,528$10,511$10,035
10 years$13,500$12,202$11,017$9,938$8,956$8,500
11 years$12,147$10,863$9,699$8,649$7,703$7,266
12 years$11,021$9,750$8,608$7,586$6,675$6,258
13 years$10,069$8,811$7,691$6,697$5,821$5,423
14 years$9,254$8,009$6,910$5,945$5,102$4,723
15 years$8,548$7,316$6,239$5,302$4,492$4,131
16 years$7,930$6,713$5,656$4,747$3,970$3,627
17 years$7,386$6,182$5,147$4,265$3,520$3,194
18 years$6,903$5,713$4,699$3,844$3,130$2,820
19 years$6,472$5,294$4,301$3,473$2,790$2,496
20 years$6,084$4,920$3,948$3,146$2,492$2,214
21 years$5,733$4,583$3,631$2,855$2,230$1,967
22 years$5,415$4,278$3,347$2,596$1,999$1,750
23 years$5,125$4,001$3,090$2,364$1,794$1,559
24 years$4,859$3,748$2,858$2,156$1,613$1,391
25 years$4,615$3,518$2,647$1,969$1,451$1,242
26 years$4,390$3,306$2,455$1,801$1,307$1,110
27 years$4,182$3,111$2,279$1,648$1,179$993
28 years$3,990$2,932$2,119$1,510$1,064$889
29 years$3,810$2,766$1,972$1,385$960$797
30 years$3,644$2,612$1,837$1,271$868$714
31 years$3,488$2,469$1,712$1,167$785$641
32 years$3,342$2,336$1,598$1,073$710$575
33 years$3,206$2,213$1,492$986$642$516
34 years$3,077$2,097$1,394$908$581$463
35 years$2,957$1,989$1,303$835$527$416
36 years$2,843$1,888$1,219$769$477$374
37 years$2,736$1,793$1,141$709$432$336
38 years$2,634$1,704$1,069$653$392$302
39 years$2,538$1,620$1,001$602$356$272
40 years$2,447$1,542$938$556$323$244
41 years$2,361$1,468$880$513$293$220
42 years$2,279$1,398$825$473$265$198
43 years$2,201$1,332$774$437$241$178
44 years$2,127$1,269$727$403$219$160
45 years$2,056$1,210$683$372$199$144
46 years$1,989$1,155$641$344$180$130
47 years$1,924$1,102$602$318$164$117
48 years$1,863$1,052$566$294$149$105
49 years$1,804$1,005$532$271$135$95
50 years$1,748$960$500$251$123$85

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 $2,538 every year, while hoping to spend $24,076 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: 37/50/13 Blend
53$1,790,000$1,790,000$1,790,000$1,790,000
54$1,975,198$1,880,328$1,852,583$2,040,329
55$2,151,051$1,946,847$1,889,028$2,153,697
56$2,344,035$2,015,819$1,925,887$2,273,566
57$2,555,871$2,087,338$1,963,148$2,402,514
58$2,788,455$2,161,504$2,000,799$2,541,363
59$3,043,877$2,238,417$2,038,825$2,691,018
60$3,324,439$2,318,186$2,077,213$2,852,471
61$3,632,676$2,400,921$2,115,943$3,026,813
62$3,971,381$2,486,738$2,154,999$3,215,240
63$4,343,632$2,575,758$2,194,362$3,419,067
64$4,752,818$2,668,106$2,234,008$3,639,741
65$5,202,674$2,763,912$2,273,916$3,878,848
66$5,697,315$2,863,312$2,314,060$4,138,135
67$6,241,274$2,966,447$2,354,415$4,419,521
68$6,839,547$3,073,466$2,394,950$4,725,116
69$7,497,635$3,184,520$2,435,636$5,057,240
70$8,221,603$3,299,771$2,476,439$5,418,445
71$9,018,131$3,419,384$2,517,324$5,811,537
72$9,894,580$3,543,533$2,558,254$6,239,604
73$10,859,059$3,672,398$2,599,187$6,706,041
74$11,920,504$3,806,167$2,640,081$7,214,585
75$13,088,763$3,945,037$2,680,891$7,769,347
76$14,374,683$4,089,210$2,721,568$8,374,852
77$15,790,220$4,238,900$2,762,059$9,036,079
78$17,348,545$4,394,329$2,802,311$9,758,507
79$19,064,172$4,555,727$2,842,264$10,548,168
80$20,953,095$4,723,334$2,881,857$11,411,700
81$23,032,935$4,897,403$2,921,024$12,356,412
82$25,323,112$5,078,193$2,959,696$13,390,349
83$27,845,023$5,265,978$2,997,799$14,522,370
84$30,622,246$5,461,041$3,035,256$15,762,226
85$33,680,762$5,663,679$3,071,984$17,120,656
86$37,049,201$5,874,201$3,107,896$18,609,482
87$40,759,110$6,092,927$3,142,901$20,241,726
88$44,845,252$6,320,194$3,176,902$22,031,725
89$49,345,936$6,556,351$3,209,796$23,995,267
90$54,303,373$6,801,764$3,241,476$26,149,742
91$59,764,080$7,056,813$3,271,828$28,514,301
92$65,779,314$7,321,895$3,300,732$31,110,035
93$72,405,560$7,597,423$3,328,062$33,960,177
94$79,705,060$7,883,831$3,353,686$37,090,313
95$87,746,405$8,181,567$3,377,463$40,528,629
96$96,605,178$8,491,103$3,399,247$44,306,169
97$106,364,667$8,812,928$3,418,883$48,457,130
98$117,116,655$9,147,554$3,436,208$53,019,182
99$128,962,284$9,495,515$3,451,052$58,033,823
100$142,013,009$9,857,367$3,463,234$63,546,764