Can I retire at age 54 with 1,810,000?

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 $1,810,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.7%
1 years$149,468$148,137$146,838$145,570$144,332$140,957
2 years$73,994$72,616$71,280$69,986$68,729$65,349
3 years$48,839$47,455$46,123$44,840$43,605$40,324
4 years$36,265$34,885$33,566$32,305$31,099$27,943
5 years$28,722$27,350$26,048$24,813$23,641$20,618
6 years$23,695$22,333$21,051$19,843$18,706$15,821
7 years$20,105$18,756$17,494$16,314$15,213$12,465
8 years$17,414$16,077$14,836$13,686$12,621$10,008
9 years$15,323$13,998$12,778$11,657$10,629$8,150
10 years$13,650$12,338$11,140$10,049$9,056$6,709
11 years$12,283$10,984$9,808$8,745$7,789$5,569
12 years$11,144$9,859$8,704$7,671$6,749$4,655
13 years$10,182$8,909$7,777$6,772$5,886$3,911
14 years$9,357$8,098$6,987$6,012$5,159$3,301
15 years$8,643$7,398$6,309$5,361$4,543$2,797
16 years$8,019$6,788$5,720$4,800$4,015$2,377
17 years$7,469$6,251$5,205$4,313$3,560$2,025
18 years$6,980$5,776$4,751$3,887$3,165$1,728
19 years$6,544$5,353$4,349$3,512$2,821$1,478
20 years$6,152$4,975$3,992$3,181$2,520$1,266
21 years$5,797$4,634$3,672$2,887$2,255$1,086
22 years$5,475$4,325$3,384$2,625$2,021$932
23 years$5,182$4,045$3,124$2,391$1,815$801
24 years$4,913$3,790$2,890$2,180$1,631$689
25 years$4,666$3,557$2,676$1,991$1,468$593
26 years$4,439$3,343$2,482$1,821$1,322$511
27 years$4,229$3,146$2,305$1,666$1,192$440
28 years$4,034$2,965$2,143$1,527$1,075$379
29 years$3,853$2,797$1,994$1,400$971$327
30 years$3,684$2,641$1,857$1,285$877$282
31 years$3,527$2,497$1,732$1,180$793$243
32 years$3,380$2,363$1,616$1,085$718$210
33 years$3,241$2,237$1,508$997$649$181
34 years$3,112$2,121$1,409$918$588$157
35 years$2,990$2,011$1,318$845$533$135
36 years$2,875$1,909$1,233$778$483$117
37 years$2,766$1,813$1,154$717$437$101
38 years$2,664$1,723$1,080$661$396$87
39 years$2,567$1,639$1,012$609$360$75
40 years$2,475$1,559$949$562$326$65
41 years$2,387$1,484$890$518$296$56
42 years$2,304$1,413$835$478$268$49
43 years$2,226$1,347$783$442$244$42
44 years$2,151$1,284$735$408$221$36
45 years$2,079$1,224$690$377$201$31
46 years$2,011$1,168$648$348$182$27
47 years$1,946$1,114$609$321$166$23
48 years$1,884$1,064$572$297$150$20
49 years$1,824$1,016$538$274$137$17
50 years$1,767$970$506$254$124$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $1,810,000, adding $2,614 every year, while hoping to spend $44,918 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: 59/26/15 Blend
53$1,810,000$1,810,000$1,810,000$1,810,000
54$1,997,316$1,901,386$1,873,331$2,107,402
55$2,153,250$1,946,762$1,888,296$2,227,418
56$2,323,584$1,992,855$1,902,256$2,353,019
57$2,509,739$2,039,654$1,915,130$2,488,934
58$2,713,279$2,087,145$1,926,835$2,636,164
59$2,935,929$2,135,310$1,937,279$2,795,811
60$3,179,585$2,184,131$1,946,369$2,969,088
61$3,446,335$2,233,587$1,954,005$3,157,333
62$3,738,481$2,283,652$1,960,084$3,362,019
63$4,058,555$2,334,300$1,964,495$3,584,769
64$4,409,348$2,385,500$1,967,126$3,827,369
65$4,793,931$2,437,219$1,967,854$4,091,791
66$5,215,688$2,489,420$1,966,554$4,380,205
67$5,678,347$2,542,060$1,963,092$4,695,003
68$6,186,014$2,595,096$1,957,331$5,038,819
69$6,743,209$2,648,478$1,949,123$5,414,559
70$7,354,914$2,702,151$1,938,316$5,825,422
71$8,026,616$2,756,057$1,924,751$6,274,935
72$8,764,358$2,810,132$1,908,258$6,766,985
73$9,574,800$2,864,305$1,888,661$7,305,854
74$10,465,276$2,918,502$1,865,778$7,896,263
75$11,443,866$2,972,641$1,839,414$8,543,413
76$12,519,474$3,026,634$1,809,367$9,253,038
77$13,701,906$3,080,384$1,775,426$10,031,455
78$15,001,967$3,133,790$1,737,370$10,885,627
79$16,431,562$3,186,741$1,694,967$11,823,229
80$18,003,807$3,239,117$1,647,974$12,852,718
81$19,733,153$3,290,790$1,596,138$13,983,416
82$21,635,519$3,341,624$1,539,194$15,225,596
83$23,728,449$3,391,471$1,476,864$16,590,581
84$26,031,270$3,440,172$1,408,858$18,090,849
85$28,565,278$3,487,559$1,334,873$19,740,154
86$31,353,938$3,533,451$1,254,593$21,553,653
87$34,423,104$3,577,654$1,167,686$23,548,053
88$37,801,263$3,619,961$1,073,806$25,741,767
89$41,519,805$3,660,153$972,591$28,155,086
90$45,613,317$3,697,992$863,665$30,810,376
91$50,119,909$3,733,228$746,632$33,732,287
92$55,081,576$3,765,592$621,080$36,947,985
93$60,544,590$3,794,799$486,580$40,487,413
94$66,559,940$3,820,546$342,681$44,383,568
95$73,183,809$3,842,508$188,916$48,672,821
96$80,478,107$3,860,340$24,795$53,395,254
97$88,511,055$3,873,678$0$58,595,045
98$97,357,825$3,882,130$0$64,344,944
99$107,101,252$3,885,284$0$70,680,345
100$117,832,617$3,882,700$0$77,656,505