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%13%
1 years$148,642$147,318$146,027$144,766$143,535$141,741
2 years$73,585$72,215$70,887$69,599$68,350$66,545
3 years$48,570$47,193$45,868$44,593$43,364$41,604
4 years$36,064$34,692$33,380$32,127$30,928$29,226
5 years$28,563$27,199$25,905$24,676$23,511$21,873
6 years$23,564$22,210$20,935$19,734$18,603$17,031
7 years$19,994$18,652$17,397$16,224$15,129$13,623
8 years$17,318$15,988$14,754$13,610$12,551$11,111
9 years$15,238$13,921$12,708$11,593$10,570$9,195
10 years$13,575$12,270$11,079$9,993$9,006$7,695
11 years$12,215$10,924$9,754$8,697$7,746$6,498
12 years$11,083$9,804$8,656$7,628$6,712$5,526
13 years$10,125$8,860$7,734$6,735$5,853$4,727
14 years$9,305$8,054$6,949$5,978$5,131$4,063
15 years$8,595$7,357$6,274$5,332$4,518$3,507
16 years$7,975$6,750$5,688$4,774$3,993$3,037
17 years$7,428$6,217$5,176$4,289$3,540$2,638
18 years$6,942$5,744$4,725$3,866$3,148$2,296
19 years$6,508$5,324$4,325$3,493$2,806$2,003
20 years$6,118$4,947$3,970$3,163$2,506$1,751
21 years$5,765$4,608$3,651$2,871$2,243$1,533
22 years$5,445$4,302$3,365$2,610$2,010$1,344
23 years$5,153$4,023$3,107$2,377$1,804$1,179
24 years$4,886$3,769$2,874$2,168$1,622$1,036
25 years$4,641$3,537$2,662$1,980$1,459$911
26 years$4,415$3,325$2,468$1,811$1,315$801
27 years$4,206$3,129$2,292$1,657$1,185$706
28 years$4,012$2,948$2,131$1,518$1,069$622
29 years$3,832$2,781$1,983$1,392$966$548
30 years$3,664$2,627$1,847$1,278$873$483
31 years$3,507$2,483$1,722$1,174$789$427
32 years$3,361$2,350$1,607$1,079$714$376
33 years$3,224$2,225$1,500$992$646$332
34 years$3,095$2,109$1,402$913$585$294
35 years$2,973$2,000$1,310$840$530$259
36 years$2,859$1,898$1,226$774$480$229
37 years$2,751$1,803$1,147$713$435$202
38 years$2,649$1,714$1,074$657$394$179
39 years$2,552$1,629$1,007$606$358$158
40 years$2,461$1,550$944$559$324$140
41 years$2,374$1,476$885$516$294$124
42 years$2,292$1,405$830$476$267$109
43 years$2,213$1,339$779$439$242$97
44 years$2,139$1,276$731$406$220$86
45 years$2,068$1,217$686$375$200$76
46 years$2,000$1,161$645$346$181$67
47 years$1,935$1,108$606$320$165$59
48 years$1,873$1,058$569$295$149$52
49 years$1,814$1,010$535$273$136$46
50 years$1,757$965$503$252$123$41

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 $3,077 every year, while hoping to spend $28,298 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: 74/12/14 Blend
53$1,800,000$1,800,000$1,800,000$1,800,000
54$1,986,774$1,891,374$1,863,474$2,127,613
55$2,159,316$1,953,942$1,895,791$2,283,734
56$2,348,509$2,018,628$1,928,243$2,450,937
57$2,556,021$2,085,505$1,960,804$2,633,373
58$2,783,691$2,154,651$1,993,446$2,832,547
59$3,033,542$2,226,143$2,026,141$3,050,115
60$3,307,804$2,300,065$2,058,857$3,287,901
61$3,608,933$2,376,501$2,091,562$3,547,915
62$3,939,635$2,455,540$2,124,220$3,832,369
63$4,302,890$2,537,274$2,156,794$4,143,699
64$4,701,981$2,621,797$2,189,243$4,484,590
65$5,140,526$2,709,208$2,221,526$4,857,997
66$5,622,510$2,799,609$2,253,597$5,267,176
67$6,152,322$2,893,106$2,285,408$5,715,714
68$6,734,798$2,989,808$2,316,909$6,207,561
69$7,375,268$3,089,829$2,348,046$6,747,069
70$8,079,601$3,193,287$2,378,762$7,339,033
71$8,854,267$3,300,303$2,408,996$7,988,733
72$9,706,390$3,411,006$2,438,685$8,701,987
73$10,643,823$3,525,527$2,467,763$9,485,207
74$11,675,217$3,644,002$2,496,157$10,345,452
75$12,810,103$3,766,572$2,523,792$11,290,504
76$14,058,984$3,893,384$2,550,589$12,328,934
77$15,433,432$4,024,592$2,576,466$13,470,185
78$16,946,197$4,160,352$2,601,332$14,724,664
79$18,611,328$4,300,828$2,625,096$16,103,833
80$20,444,307$4,446,192$2,647,660$17,620,325
81$22,462,190$4,596,619$2,668,920$19,288,058
82$24,683,772$4,752,293$2,688,768$21,122,365
83$27,129,765$4,913,403$2,707,090$23,140,143
84$29,822,989$5,080,148$2,723,766$25,360,011
85$32,788,591$5,252,732$2,738,669$27,802,481
86$36,054,279$5,431,368$2,751,666$30,490,159
87$39,650,587$5,616,276$2,762,618$33,447,950
88$43,611,159$5,807,686$2,771,378$36,703,300
89$47,973,071$6,005,836$2,777,793$40,286,450
90$52,777,175$6,210,973$2,781,700$44,230,723
91$58,068,489$6,423,353$2,782,929$48,572,838
92$63,896,621$6,643,243$2,781,303$53,353,257
93$70,316,234$6,870,920$2,776,635$58,616,565
94$77,387,566$7,106,671$2,768,728$64,411,892
95$85,176,995$7,350,795$2,757,378$70,793,377
96$93,757,666$7,603,602$2,742,368$77,820,676
97$103,210,183$7,865,413$2,723,472$85,559,529
98$113,623,368$8,136,565$2,700,454$94,082,375
99$125,095,099$8,417,403$2,673,067$103,469,041
100$137,733,234$8,708,291$2,641,049$113,807,491