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%11.4%
1 years$149,468$148,137$146,838$145,570$144,332$143,482
2 years$73,994$72,616$71,280$69,986$68,729$67,873
3 years$48,839$47,455$46,123$44,840$43,605$42,767
4 years$36,265$34,885$33,566$32,305$31,099$30,287
5 years$28,722$27,350$26,048$24,813$23,641$22,856
6 years$23,695$22,333$21,051$19,843$18,706$17,951
7 years$20,105$18,756$17,494$16,314$15,213$14,487
8 years$17,414$16,077$14,836$13,686$12,621$11,924
9 years$15,323$13,998$12,778$11,657$10,629$9,960
10 years$13,650$12,338$11,140$10,049$9,056$8,417
11 years$12,283$10,984$9,808$8,745$7,789$7,177
12 years$11,144$9,859$8,704$7,671$6,749$6,166
13 years$10,182$8,909$7,777$6,772$5,886$5,329
14 years$9,357$8,098$6,987$6,012$5,159$4,630
15 years$8,643$7,398$6,309$5,361$4,543$4,039
16 years$8,019$6,788$5,720$4,800$4,015$3,536
17 years$7,469$6,251$5,205$4,313$3,560$3,106
18 years$6,980$5,776$4,751$3,887$3,165$2,735
19 years$6,544$5,353$4,349$3,512$2,821$2,414
20 years$6,152$4,975$3,992$3,181$2,520$2,134
21 years$5,797$4,634$3,672$2,887$2,255$1,891
22 years$5,475$4,325$3,384$2,625$2,021$1,677
23 years$5,182$4,045$3,124$2,391$1,815$1,490
24 years$4,913$3,790$2,890$2,180$1,631$1,325
25 years$4,666$3,557$2,676$1,991$1,468$1,180
26 years$4,439$3,343$2,482$1,821$1,322$1,051
27 years$4,229$3,146$2,305$1,666$1,192$938
28 years$4,034$2,965$2,143$1,527$1,075$837
29 years$3,853$2,797$1,994$1,400$971$747
30 years$3,684$2,641$1,857$1,285$877$668
31 years$3,527$2,497$1,732$1,180$793$597
32 years$3,380$2,363$1,616$1,085$718$534
33 years$3,241$2,237$1,508$997$649$478
34 years$3,112$2,121$1,409$918$588$427
35 years$2,990$2,011$1,318$845$533$383
36 years$2,875$1,909$1,233$778$483$343
37 years$2,766$1,813$1,154$717$437$307
38 years$2,664$1,723$1,080$661$396$275
39 years$2,567$1,639$1,012$609$360$246
40 years$2,475$1,559$949$562$326$221
41 years$2,387$1,484$890$518$296$198
42 years$2,304$1,413$835$478$268$178
43 years$2,226$1,347$783$442$244$159
44 years$2,151$1,284$735$408$221$143
45 years$2,079$1,224$690$377$201$128
46 years$2,011$1,168$648$348$182$115
47 years$1,946$1,114$609$321$166$103
48 years$1,884$1,064$572$297$150$92
49 years$1,824$1,016$538$274$137$83
50 years$1,767$970$506$254$124$74

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 $4,918 every year, while hoping to spend $26,840 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: 81/11/8 Blend
53$1,810,000$1,810,000$1,810,000$1,810,000
54$1,999,693$1,903,763$1,875,708$2,159,265
55$2,175,104$1,968,490$1,909,987$2,329,193
56$2,367,508$2,035,489$1,944,514$2,511,603
57$2,578,608$2,104,843$1,979,270$2,710,997
58$2,810,284$2,176,638$2,014,234$2,929,057
59$3,064,604$2,250,964$2,049,381$3,167,640
60$3,343,846$2,327,913$2,084,688$3,428,788
61$3,650,520$2,407,582$2,120,126$3,714,749
62$3,987,391$2,490,072$2,155,669$4,028,003
63$4,357,505$2,575,486$2,191,284$4,371,276
64$4,764,218$2,663,933$2,226,940$4,747,575
65$5,211,227$2,755,524$2,262,601$5,160,209
66$5,702,604$2,850,376$2,298,230$5,612,824
67$6,242,836$2,948,611$2,333,787$6,109,436
68$6,836,867$3,050,355$2,369,230$6,654,468
69$7,490,142$3,155,737$2,404,514$7,252,794
70$8,208,663$3,264,894$2,439,592$7,909,782
71$8,999,041$3,377,968$2,474,412$8,631,346
72$9,868,559$3,495,105$2,508,921$9,423,999
73$10,825,245$3,616,458$2,543,063$10,294,919
74$11,877,940$3,742,184$2,576,776$11,252,014
75$13,036,388$3,872,450$2,609,996$12,303,993
76$14,311,326$4,007,426$2,642,657$13,460,455
77$15,714,582$4,147,290$2,674,687$14,731,973
78$17,259,190$4,292,228$2,706,009$16,130,196
79$18,959,512$4,442,433$2,736,546$17,667,961
80$20,831,374$4,598,103$2,766,211$19,359,410
81$22,892,212$4,759,449$2,794,918$21,220,124
82$25,161,241$4,926,685$2,822,571$23,267,271
83$27,659,633$5,100,038$2,849,072$25,519,768
84$30,410,717$5,279,741$2,874,317$27,998,458
85$33,440,200$5,466,038$2,898,197$30,726,307
86$36,776,409$5,659,183$2,920,596$33,728,620
87$40,450,560$5,859,440$2,941,392$37,033,281
88$44,497,046$6,067,082$2,960,458$40,671,012
89$48,953,771$6,282,395$2,977,660$44,675,668
90$53,862,500$6,505,676$2,992,856$49,084,552
91$59,269,255$6,737,235$3,005,897$53,938,770
92$65,224,753$6,977,393$3,016,627$59,283,614
93$71,784,876$7,226,484$3,024,884$65,168,994
94$79,011,210$7,484,858$3,030,493$71,649,906
95$86,971,614$7,752,876$3,033,275$78,786,952
96$95,740,869$8,030,918$3,033,040$86,646,910
97$105,401,380$8,319,375$3,029,589$95,303,366
98$116,043,953$8,618,657$3,022,713$104,837,406
99$127,768,655$8,929,190$3,012,194$115,338,382
100$140,685,756$9,251,419$2,997,800$126,904,756