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%16.6%
1 years$149,468$148,137$146,838$145,570$144,332$140,444
2 years$73,994$72,616$71,280$69,986$68,729$64,840
3 years$48,839$47,455$46,123$44,840$43,605$39,836
4 years$36,265$34,885$33,566$32,305$31,099$27,480
5 years$28,722$27,350$26,048$24,813$23,641$20,181
6 years$23,695$22,333$21,051$19,843$18,706$15,409
7 years$20,105$18,756$17,494$16,314$15,213$12,079
8 years$17,414$16,077$14,836$13,686$12,621$9,648
9 years$15,323$13,998$12,778$11,657$10,629$7,814
10 years$13,650$12,338$11,140$10,049$9,056$6,396
11 years$12,283$10,984$9,808$8,745$7,789$5,279
12 years$11,144$9,859$8,704$7,671$6,749$4,386
13 years$10,182$8,909$7,777$6,772$5,886$3,664
14 years$9,357$8,098$6,987$6,012$5,159$3,073
15 years$8,643$7,398$6,309$5,361$4,543$2,587
16 years$8,019$6,788$5,720$4,800$4,015$2,184
17 years$7,469$6,251$5,205$4,313$3,560$1,849
18 years$6,980$5,776$4,751$3,887$3,165$1,568
19 years$6,544$5,353$4,349$3,512$2,821$1,332
20 years$6,152$4,975$3,992$3,181$2,520$1,133
21 years$5,797$4,634$3,672$2,887$2,255$965
22 years$5,475$4,325$3,384$2,625$2,021$823
23 years$5,182$4,045$3,124$2,391$1,815$702
24 years$4,913$3,790$2,890$2,180$1,631$600
25 years$4,666$3,557$2,676$1,991$1,468$512
26 years$4,439$3,343$2,482$1,821$1,322$438
27 years$4,229$3,146$2,305$1,666$1,192$375
28 years$4,034$2,965$2,143$1,527$1,075$321
29 years$3,853$2,797$1,994$1,400$971$274
30 years$3,684$2,641$1,857$1,285$877$235
31 years$3,527$2,497$1,732$1,180$793$201
32 years$3,380$2,363$1,616$1,085$718$172
33 years$3,241$2,237$1,508$997$649$148
34 years$3,112$2,121$1,409$918$588$127
35 years$2,990$2,011$1,318$845$533$108
36 years$2,875$1,909$1,233$778$483$93
37 years$2,766$1,813$1,154$717$437$80
38 years$2,664$1,723$1,080$661$396$68
39 years$2,567$1,639$1,012$609$360$59
40 years$2,475$1,559$949$562$326$50
41 years$2,387$1,484$890$518$296$43
42 years$2,304$1,413$835$478$268$37
43 years$2,226$1,347$783$442$244$32
44 years$2,151$1,284$735$408$221$27
45 years$2,079$1,224$690$377$201$23
46 years$2,011$1,168$648$348$182$20
47 years$1,946$1,114$609$321$166$17
48 years$1,884$1,064$572$297$150$15
49 years$1,824$1,016$538$274$137$13
50 years$1,767$970$506$254$124$11

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 $5,435 every year, while hoping to spend $59,041 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: 27/47/26 Blend
53$1,810,000$1,810,000$1,810,000$1,810,000
54$2,000,226$1,904,296$1,876,241$2,037,855
55$2,141,430$1,934,788$1,876,276$2,098,967
56$2,295,058$1,964,794$1,874,333$2,159,067
57$2,462,315$1,994,230$1,870,284$2,222,379
58$2,644,526$2,023,003$1,863,994$2,289,214
59$2,843,152$2,051,014$1,855,322$2,359,922
60$3,059,797$2,078,157$1,844,119$2,434,887
61$3,296,229$2,104,319$1,830,230$2,514,539
62$3,554,394$2,129,380$1,813,492$2,599,353
63$3,836,432$2,153,211$1,793,734$2,689,856
64$4,144,703$2,175,673$1,770,779$2,786,636
65$4,481,802$2,196,619$1,744,439$2,890,341
66$4,850,586$2,215,894$1,714,518$3,001,692
67$5,254,203$2,233,330$1,680,811$3,121,488
68$5,696,117$2,248,749$1,643,105$3,250,615
69$6,180,146$2,261,962$1,601,173$3,390,056
70$6,710,491$2,272,768$1,554,783$3,540,898
71$7,291,780$2,280,953$1,503,687$3,704,347
72$7,929,110$2,286,289$1,447,629$3,881,738
73$8,628,096$2,288,533$1,386,341$4,074,550
74$9,394,919$2,287,429$1,319,541$4,284,422
75$10,236,392$2,282,704$1,246,937$4,513,166
76$11,160,015$2,274,068$1,168,220$4,762,790
77$12,174,053$2,261,213$1,083,072$5,035,513
78$13,287,607$2,243,813$991,156$5,333,795
79$14,510,706$2,221,523$892,122$5,660,354
80$15,854,395$2,193,975$785,606$6,018,198
81$17,330,844$2,160,780$671,224$6,410,654
82$18,953,459$2,121,527$548,578$6,841,401
83$20,737,009$2,075,779$417,253$7,314,505
84$22,697,765$2,023,073$276,812$7,834,465
85$24,853,654$1,962,921$126,802$8,406,251
86$27,224,426$1,894,804$0$9,035,356
87$29,831,842$1,818,174$0$9,737,087
88$32,699,876$1,732,450$0$10,547,059
89$35,854,942$1,637,019$0$11,437,614
90$39,326,145$1,531,232$0$12,417,090
91$43,145,552$1,414,402$0$13,494,689
92$47,348,494$1,285,804$0$14,680,564
93$51,973,903$1,144,671$0$15,985,920
94$57,064,673$990,192$0$17,423,118
95$62,668,069$821,511$0$19,005,798
96$68,836,170$637,722$0$20,749,009
97$75,626,359$437,871$0$22,669,351
98$83,101,868$220,947$0$24,785,139
99$91,332,370$0$0$27,116,577
100$100,394,638$0$0$29,693,253