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

Use the below retirement simulation to view the chances of a successful retirement.
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%15.4%
1 years$148,642$147,318$146,027$144,766$143,535$140,350
2 years$73,585$72,215$70,887$69,599$68,350$65,158
3 years$48,570$47,193$45,868$44,593$43,364$40,264
4 years$36,064$34,692$33,380$32,127$30,928$27,944
5 years$28,563$27,199$25,905$24,676$23,511$20,652
6 years$23,564$22,210$20,935$19,734$18,603$15,872
7 years$19,994$18,652$17,397$16,224$15,129$12,526
8 years$17,318$15,988$14,754$13,610$12,551$10,076
9 years$15,238$13,921$12,708$11,593$10,570$8,220
10 years$13,575$12,270$11,079$9,993$9,006$6,779
11 years$12,215$10,924$9,754$8,697$7,746$5,638
12 years$11,083$9,804$8,656$7,628$6,712$4,721
13 years$10,125$8,860$7,734$6,735$5,853$3,975
14 years$9,305$8,054$6,949$5,978$5,131$3,362
15 years$8,595$7,357$6,274$5,332$4,518$2,854
16 years$7,975$6,750$5,688$4,774$3,993$2,431
17 years$7,428$6,217$5,176$4,289$3,540$2,075
18 years$6,942$5,744$4,725$3,866$3,148$1,775
19 years$6,508$5,324$4,325$3,493$2,806$1,522
20 years$6,118$4,947$3,970$3,163$2,506$1,306
21 years$5,765$4,608$3,651$2,871$2,243$1,123
22 years$5,445$4,302$3,365$2,610$2,010$967
23 years$5,153$4,023$3,107$2,377$1,804$833
24 years$4,886$3,769$2,874$2,168$1,622$718
25 years$4,641$3,537$2,662$1,980$1,459$619
26 years$4,415$3,325$2,468$1,811$1,315$535
27 years$4,206$3,129$2,292$1,657$1,185$462
28 years$4,012$2,948$2,131$1,518$1,069$399
29 years$3,832$2,781$1,983$1,392$966$345
30 years$3,664$2,627$1,847$1,278$873$298
31 years$3,507$2,483$1,722$1,174$789$258
32 years$3,361$2,350$1,607$1,079$714$223
33 years$3,224$2,225$1,500$992$646$193
34 years$3,095$2,109$1,402$913$585$167
35 years$2,973$2,000$1,310$840$530$145
36 years$2,859$1,898$1,226$774$480$125
37 years$2,751$1,803$1,147$713$435$108
38 years$2,649$1,714$1,074$657$394$94
39 years$2,552$1,629$1,007$606$358$81
40 years$2,461$1,550$944$559$324$70
41 years$2,374$1,476$885$516$294$61
42 years$2,292$1,405$830$476$267$53
43 years$2,213$1,339$779$439$242$46
44 years$2,139$1,276$731$406$220$40
45 years$2,068$1,217$686$375$200$34
46 years$2,000$1,161$645$346$181$30
47 years$1,935$1,108$606$320$165$26
48 years$1,873$1,058$569$295$149$22
49 years$1,814$1,010$535$273$136$19
50 years$1,757$965$503$252$123$17

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 $6,458 every year, while hoping to spend $54,569 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: 67/6/27 Blend
53$1,800,000$1,800,000$1,800,000$1,800,000
54$1,990,261$1,894,861$1,866,961$2,109,183
55$2,135,207$1,929,649$1,871,444$2,224,842
56$2,293,108$1,964,312$1,874,247$2,344,537
57$2,465,229$1,998,786$1,875,258$2,474,224
58$2,652,960$2,033,004$1,874,357$2,614,892
59$2,857,832$2,066,892$1,871,418$2,767,631
60$3,081,531$2,100,370$1,866,310$2,933,645
61$3,325,911$2,133,352$1,858,896$3,114,260
62$3,593,015$2,165,747$1,849,030$3,310,936
63$3,885,092$2,197,458$1,836,561$3,525,287
64$4,204,616$2,228,378$1,821,331$3,759,089
65$4,554,314$2,258,396$1,803,173$4,014,301
66$4,937,187$2,287,390$1,781,912$4,293,084
67$5,356,540$2,315,233$1,757,367$4,597,820
68$5,816,015$2,341,786$1,729,346$4,931,133
69$6,319,618$2,366,904$1,697,649$5,295,920
70$6,871,766$2,390,429$1,662,066$5,695,371
71$7,477,320$2,412,194$1,622,380$6,133,005
72$8,141,637$2,432,022$1,578,360$6,612,703
73$8,870,616$2,449,722$1,529,767$7,138,740
74$9,670,754$2,465,094$1,476,349$7,715,832
75$10,549,209$2,477,922$1,417,845$8,349,178
76$11,513,866$2,487,978$1,353,981$9,044,508
77$12,573,410$2,495,019$1,284,469$9,808,140
78$13,737,409$2,498,786$1,209,010$10,647,038
79$15,016,404$2,499,005$1,127,291$11,568,881
80$16,422,006$2,495,386$1,038,984$12,582,134
81$17,967,009$2,487,617$943,748$13,696,125
82$19,665,505$2,475,372$841,225$14,921,143
83$21,533,022$2,458,301$731,042$16,268,525
84$23,586,668$2,436,035$612,809$17,750,770
85$25,845,290$2,408,183$486,120$19,381,657
86$28,329,654$2,374,328$350,550$21,176,374
87$31,062,640$2,334,032$205,654$23,151,662
88$34,069,456$2,286,826$50,970$25,325,976
89$37,377,878$2,232,218$0$27,719,658
90$41,018,509$2,169,684$0$30,388,003
91$45,025,069$2,098,671$0$33,340,661
92$49,434,713$2,018,592$0$36,590,327
93$54,288,378$1,928,827$0$40,167,188
94$59,631,174$1,828,721$0$44,104,506
95$65,512,804$1,717,579$0$48,438,935
96$71,988,037$1,594,668$0$53,210,866
97$79,117,222$1,459,211$0$58,464,807
98$86,966,854$1,310,389$0$64,249,800
99$95,610,210$1,147,334$0$70,619,893
100$105,128,028$969,130$0$77,634,641