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

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 $1,810,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.8%
1 years$149,468$148,137$146,838$145,570$144,332$141,476
2 years$73,994$72,616$71,280$69,986$68,729$65,864
3 years$48,839$47,455$46,123$44,840$43,605$40,819
4 years$36,265$34,885$33,566$32,305$31,099$28,415
5 years$28,722$27,350$26,048$24,813$23,641$21,066
6 years$23,695$22,333$21,051$19,843$18,706$16,244
7 years$20,105$18,756$17,494$16,314$15,213$12,863
8 years$17,414$16,077$14,836$13,686$12,621$10,382
9 years$15,323$13,998$12,778$11,657$10,629$8,501
10 years$13,650$12,338$11,140$10,049$9,056$7,036
11 years$12,283$10,984$9,808$8,745$7,789$5,875
12 years$11,144$9,859$8,704$7,671$6,749$4,939
13 years$10,182$8,909$7,777$6,772$5,886$4,175
14 years$9,357$8,098$6,987$6,012$5,159$3,546
15 years$8,643$7,398$6,309$5,361$4,543$3,023
16 years$8,019$6,788$5,720$4,800$4,015$2,585
17 years$7,469$6,251$5,205$4,313$3,560$2,216
18 years$6,980$5,776$4,751$3,887$3,165$1,905
19 years$6,544$5,353$4,349$3,512$2,821$1,640
20 years$6,152$4,975$3,992$3,181$2,520$1,414
21 years$5,797$4,634$3,672$2,887$2,255$1,221
22 years$5,475$4,325$3,384$2,625$2,021$1,056
23 years$5,182$4,045$3,124$2,391$1,815$914
24 years$4,913$3,790$2,890$2,180$1,631$792
25 years$4,666$3,557$2,676$1,991$1,468$686
26 years$4,439$3,343$2,482$1,821$1,322$595
27 years$4,229$3,146$2,305$1,666$1,192$517
28 years$4,034$2,965$2,143$1,527$1,075$449
29 years$3,853$2,797$1,994$1,400$971$390
30 years$3,684$2,641$1,857$1,285$877$339
31 years$3,527$2,497$1,732$1,180$793$294
32 years$3,380$2,363$1,616$1,085$718$256
33 years$3,241$2,237$1,508$997$649$223
34 years$3,112$2,121$1,409$918$588$194
35 years$2,990$2,011$1,318$845$533$168
36 years$2,875$1,909$1,233$778$483$147
37 years$2,766$1,813$1,154$717$437$128
38 years$2,664$1,723$1,080$661$396$111
39 years$2,567$1,639$1,012$609$360$97
40 years$2,475$1,559$949$562$326$84
41 years$2,387$1,484$890$518$296$73
42 years$2,304$1,413$835$478$268$64
43 years$2,226$1,347$783$442$244$56
44 years$2,151$1,284$735$408$221$48
45 years$2,079$1,224$690$377$201$42
46 years$2,011$1,168$648$348$182$37
47 years$1,946$1,114$609$321$166$32
48 years$1,884$1,064$572$297$150$28
49 years$1,824$1,016$538$274$137$24
50 years$1,767$970$506$254$124$21

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 $2,574 every year, while hoping to spend $34,827 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: 86/7/7 Blend
53$1,810,000$1,810,000$1,810,000$1,810,000
54$1,997,275$1,901,345$1,873,290$2,167,748
55$2,163,941$1,957,455$1,898,990$2,335,393
56$2,346,441$2,015,148$1,924,383$2,514,534
57$2,546,351$2,074,463$1,949,423$2,710,272
58$2,765,409$2,135,443$1,974,060$2,924,255
59$3,005,531$2,198,130$1,998,241$3,158,296
60$3,268,824$2,262,567$2,021,910$3,414,391
61$3,557,610$2,328,798$2,045,010$3,694,741
62$3,874,446$2,396,869$2,067,477$4,001,768
63$4,222,148$2,466,824$2,089,247$4,338,140
64$4,603,821$2,538,712$2,110,250$4,706,797
65$5,022,881$2,612,579$2,130,414$5,110,975
66$5,483,093$2,688,474$2,149,661$5,554,242
67$5,988,606$2,766,446$2,167,912$6,040,526
68$6,543,987$2,846,546$2,185,080$6,574,153
69$7,154,270$2,928,823$2,201,077$7,159,893
70$7,824,999$3,013,329$2,215,807$7,802,997
71$8,562,285$3,100,118$2,229,172$8,509,251
72$9,372,857$3,189,243$2,241,068$9,285,030
73$10,264,129$3,280,756$2,251,385$10,137,357
74$11,244,271$3,374,714$2,260,007$11,073,972
75$12,322,284$3,471,172$2,266,814$12,103,398
76$13,508,083$3,570,186$2,271,679$13,235,029
77$14,812,595$3,671,813$2,274,468$14,479,215
78$16,247,858$3,776,110$2,275,041$15,847,358
79$17,827,136$3,883,135$2,273,251$17,352,023
80$19,565,042$3,992,948$2,268,944$19,007,054
81$21,477,681$4,105,607$2,261,958$20,827,704
82$23,582,795$4,221,172$2,252,123$22,830,781
83$25,899,933$4,339,703$2,239,263$25,034,805
84$28,450,638$4,461,260$2,223,190$27,460,182
85$31,258,646$4,585,904$2,203,709$30,129,399
86$34,350,111$4,713,696$2,180,617$33,067,232
87$37,753,852$4,844,697$2,153,697$36,300,983
88$41,501,626$4,978,968$2,122,727$39,860,736
89$45,628,424$5,116,570$2,087,471$43,779,643
90$50,172,806$5,257,564$2,047,683$48,094,232
91$55,177,258$5,402,011$2,003,107$52,844,756
92$60,688,599$5,549,971$1,953,472$58,075,572
93$66,758,420$5,701,503$1,898,497$63,835,556
94$73,443,569$5,856,667$1,837,887$70,178,569
95$80,806,691$6,015,522$1,771,334$77,163,963
96$88,916,816$6,178,124$1,698,516$84,857,139
97$97,850,010$6,344,532$1,619,095$93,330,169
98$107,690,096$6,514,799$1,532,720$102,662,471
99$118,529,442$6,688,979$1,439,022$112,941,561
100$130,469,831$6,867,126$1,337,616$124,263,880