Can I retire at age 54 with 1,800,000?

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 $1,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.9%
1 years$148,642$147,318$146,027$144,766$143,535$138,387
2 years$73,585$72,215$70,887$69,599$68,350$63,219
3 years$48,570$47,193$45,868$44,593$43,364$38,412
4 years$36,064$34,692$33,380$32,127$30,928$26,192
5 years$28,563$27,199$25,905$24,676$23,511$19,003
6 years$23,564$22,210$20,935$19,734$18,603$14,328
7 years$19,994$18,652$17,397$16,224$15,129$11,085
8 years$17,318$15,988$14,754$13,610$12,551$8,735
9 years$15,238$13,921$12,708$11,593$10,570$6,976
10 years$13,575$12,270$11,079$9,993$9,006$5,628
11 years$12,215$10,924$9,754$8,697$7,746$4,577
12 years$11,083$9,804$8,656$7,628$6,712$3,745
13 years$10,125$8,860$7,734$6,735$5,853$3,080
14 years$9,305$8,054$6,949$5,978$5,131$2,543
15 years$8,595$7,357$6,274$5,332$4,518$2,106
16 years$7,975$6,750$5,688$4,774$3,993$1,749
17 years$7,428$6,217$5,176$4,289$3,540$1,455
18 years$6,942$5,744$4,725$3,866$3,148$1,213
19 years$6,508$5,324$4,325$3,493$2,806$1,013
20 years$6,118$4,947$3,970$3,163$2,506$847
21 years$5,765$4,608$3,651$2,871$2,243$709
22 years$5,445$4,302$3,365$2,610$2,010$593
23 years$5,153$4,023$3,107$2,377$1,804$497
24 years$4,886$3,769$2,874$2,168$1,622$417
25 years$4,641$3,537$2,662$1,980$1,459$350
26 years$4,415$3,325$2,468$1,811$1,315$294
27 years$4,206$3,129$2,292$1,657$1,185$246
28 years$4,012$2,948$2,131$1,518$1,069$207
29 years$3,832$2,781$1,983$1,392$966$174
30 years$3,664$2,627$1,847$1,278$873$146
31 years$3,507$2,483$1,722$1,174$789$123
32 years$3,361$2,350$1,607$1,079$714$103
33 years$3,224$2,225$1,500$992$646$87
34 years$3,095$2,109$1,402$913$585$73
35 years$2,973$2,000$1,310$840$530$61
36 years$2,859$1,898$1,226$774$480$52
37 years$2,751$1,803$1,147$713$435$43
38 years$2,649$1,714$1,074$657$394$36
39 years$2,552$1,629$1,007$606$358$31
40 years$2,461$1,550$944$559$324$26
41 years$2,374$1,476$885$516$294$22
42 years$2,292$1,405$830$476$267$18
43 years$2,213$1,339$779$439$242$15
44 years$2,139$1,276$731$406$220$13
45 years$2,068$1,217$686$375$200$11
46 years$2,000$1,161$645$346$181$9
47 years$1,935$1,108$606$320$165$8
48 years$1,873$1,058$569$295$149$6
49 years$1,814$1,010$535$273$136$5
50 years$1,757$965$503$252$123$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $1,800,000, adding $2,873 every year, while hoping to spend $22,242 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: 81/5/14 Blend
53$1,800,000$1,800,000$1,800,000$1,800,000
54$1,986,563$1,891,163$1,863,263$2,141,767
55$2,165,528$1,960,165$1,902,018$2,313,131
56$2,362,001$2,031,803$1,941,324$2,498,018
57$2,577,745$2,106,181$1,981,179$2,700,333
58$2,814,702$2,183,411$2,021,576$2,921,812
59$3,075,011$2,263,607$2,062,507$3,164,371
60$3,361,027$2,346,889$2,103,966$3,430,118
61$3,675,346$2,433,381$2,145,944$3,721,374
62$4,020,828$2,523,214$2,188,430$4,040,697
63$4,400,623$2,616,521$2,231,412$4,390,906
64$4,818,202$2,713,446$2,274,880$4,775,104
65$5,277,388$2,814,134$2,318,818$5,196,710
66$5,782,395$2,918,740$2,363,211$5,659,490
67$6,337,863$3,027,423$2,408,043$6,167,594
68$6,948,908$3,140,350$2,453,296$6,725,592
69$7,621,164$3,257,694$2,498,949$7,338,522
70$8,360,840$3,379,638$2,544,980$8,011,930
71$9,174,775$3,506,369$2,591,366$8,751,930
72$10,070,507$3,638,087$2,638,082$9,565,257
73$11,056,341$3,774,995$2,685,100$10,459,329
74$12,141,427$3,917,309$2,732,390$11,442,322
75$13,335,848$4,065,253$2,779,921$12,523,244
76$14,650,714$4,219,059$2,827,657$13,712,018
77$16,098,266$4,378,973$2,875,564$15,019,579
78$17,691,994$4,545,247$2,923,600$16,457,976
79$19,446,761$4,718,148$2,971,724$18,040,485
80$21,378,944$4,897,951$3,019,891$19,781,731
81$23,506,592$5,084,946$3,068,052$21,697,834
82$25,849,591$5,279,435$3,116,158$23,806,552
83$28,429,853$5,481,731$3,164,153$26,127,455
84$31,271,525$5,692,163$3,211,979$28,682,105
85$34,401,215$5,911,073$3,259,575$31,494,262
86$37,848,244$6,138,820$3,306,876$34,590,108
87$41,644,919$6,375,778$3,353,811$37,998,491
88$45,826,845$6,622,334$3,400,307$41,751,201
89$50,433,252$6,878,898$3,446,287$45,883,269
90$55,507,373$7,145,894$3,491,667$50,433,293
91$61,096,848$7,423,765$3,536,360$55,443,808
92$67,254,172$7,712,974$3,580,274$60,961,686
93$74,037,194$8,014,007$3,623,310$67,038,575
94$81,509,663$8,327,368$3,665,365$73,731,388
95$89,741,824$8,653,585$3,706,331$81,102,841
96$98,811,089$8,993,209$3,746,091$89,222,046
97$108,802,759$9,346,816$3,784,525$98,165,157
98$119,810,838$9,715,007$3,821,504$108,016,096
99$131,938,912$10,098,411$3,856,893$118,867,342
100$145,301,132$10,497,684$3,890,550$130,820,800