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%16.7%
1 years$149,468$148,137$146,838$145,570$144,332$140,387
2 years$73,994$72,616$71,280$69,986$68,729$64,784
3 years$48,839$47,455$46,123$44,840$43,605$39,782
4 years$36,265$34,885$33,566$32,305$31,099$27,429
5 years$28,722$27,350$26,048$24,813$23,641$20,133
6 years$23,695$22,333$21,051$19,843$18,706$15,364
7 years$20,105$18,756$17,494$16,314$15,213$12,037
8 years$17,414$16,077$14,836$13,686$12,621$9,608
9 years$15,323$13,998$12,778$11,657$10,629$7,777
10 years$13,650$12,338$11,140$10,049$9,056$6,362
11 years$12,283$10,984$9,808$8,745$7,789$5,248
12 years$11,144$9,859$8,704$7,671$6,749$4,357
13 years$10,182$8,909$7,777$6,772$5,886$3,637
14 years$9,357$8,098$6,987$6,012$5,159$3,049
15 years$8,643$7,398$6,309$5,361$4,543$2,565
16 years$8,019$6,788$5,720$4,800$4,015$2,164
17 years$7,469$6,251$5,205$4,313$3,560$1,830
18 years$6,980$5,776$4,751$3,887$3,165$1,551
19 years$6,544$5,353$4,349$3,512$2,821$1,317
20 years$6,152$4,975$3,992$3,181$2,520$1,119
21 years$5,797$4,634$3,672$2,887$2,255$952
22 years$5,475$4,325$3,384$2,625$2,021$811
23 years$5,182$4,045$3,124$2,391$1,815$692
24 years$4,913$3,790$2,890$2,180$1,631$590
25 years$4,666$3,557$2,676$1,991$1,468$504
26 years$4,439$3,343$2,482$1,821$1,322$431
27 years$4,229$3,146$2,305$1,666$1,192$368
28 years$4,034$2,965$2,143$1,527$1,075$315
29 years$3,853$2,797$1,994$1,400$971$269
30 years$3,684$2,641$1,857$1,285$877$230
31 years$3,527$2,497$1,732$1,180$793$197
32 years$3,380$2,363$1,616$1,085$718$169
33 years$3,241$2,237$1,508$997$649$144
34 years$3,112$2,121$1,409$918$588$124
35 years$2,990$2,011$1,318$845$533$106
36 years$2,875$1,909$1,233$778$483$91
37 years$2,766$1,813$1,154$717$437$78
38 years$2,664$1,723$1,080$661$396$66
39 years$2,567$1,639$1,012$609$360$57
40 years$2,475$1,559$949$562$326$49
41 years$2,387$1,484$890$518$296$42
42 years$2,304$1,413$835$478$268$36
43 years$2,226$1,347$783$442$244$31
44 years$2,151$1,284$735$408$221$26
45 years$2,079$1,224$690$377$201$23
46 years$2,011$1,168$648$348$182$19
47 years$1,946$1,114$609$321$166$17
48 years$1,884$1,064$572$297$150$14
49 years$1,824$1,016$538$274$137$12
50 years$1,767$970$506$254$124$10

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 $2,250 every year, while hoping to spend $30,794 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: 39/39/22 Blend
53$1,810,000$1,810,000$1,810,000$1,810,000
54$1,996,941$1,901,011$1,872,956$2,061,668
55$2,167,864$1,961,396$1,902,935$2,168,973
56$2,355,190$2,023,708$1,932,887$2,281,852
57$2,560,558$2,088,008$1,962,777$2,403,288
58$2,785,775$2,154,361$1,992,571$2,534,075
59$3,032,832$2,222,833$2,022,230$2,675,086
60$3,303,921$2,293,491$2,051,714$2,827,283
61$3,601,455$2,366,406$2,080,981$2,991,721
62$3,928,094$2,441,651$2,109,985$3,169,565
63$4,286,769$2,519,301$2,138,678$3,362,092
64$4,680,705$2,599,433$2,167,010$3,570,711
65$5,113,459$2,682,127$2,194,927$3,796,968
66$5,588,946$2,767,465$2,222,371$4,042,569
67$6,111,481$2,855,533$2,249,283$4,309,389
68$6,685,818$2,946,420$2,275,599$4,599,492
69$7,317,191$3,040,215$2,301,252$4,915,152
70$8,011,372$3,137,013$2,326,172$5,258,870
71$8,774,716$3,236,910$2,350,282$5,633,399
72$9,614,226$3,340,008$2,373,505$6,041,775
73$10,537,617$3,446,408$2,395,758$6,487,335
74$11,553,390$3,556,218$2,416,952$6,973,757
75$12,670,912$3,669,549$2,436,996$7,505,090
76$13,900,502$3,786,514$2,455,792$8,085,796
77$15,253,530$3,907,230$2,473,238$8,720,785
78$16,742,526$4,031,820$2,489,227$9,415,467
79$18,381,292$4,160,408$2,503,645$10,175,800
80$20,185,041$4,293,124$2,516,374$11,008,349
81$22,170,530$4,430,103$2,527,288$11,920,342
82$24,356,228$4,571,482$2,536,256$12,919,743
83$26,762,483$4,717,404$2,543,140$14,015,324
84$29,411,716$4,868,017$2,547,795$15,216,750
85$32,328,634$5,023,472$2,550,069$16,534,667
86$35,540,461$5,183,928$2,549,802$17,980,803
87$39,077,194$5,349,547$2,546,827$19,568,079
88$42,971,890$5,520,497$2,540,968$21,310,731
89$47,260,973$5,696,952$2,532,040$23,224,443
90$51,984,580$5,879,090$2,519,851$25,326,494
91$57,186,938$6,067,097$2,504,198$27,635,922
92$62,916,786$6,261,164$2,484,868$30,173,705
93$69,227,826$6,461,489$2,461,639$32,962,953
94$76,179,238$6,668,276$2,434,278$36,029,130
95$83,836,235$6,881,736$2,402,541$39,400,296
96$92,270,677$7,102,088$2,366,172$43,107,366
97$101,561,752$7,329,555$2,324,904$47,184,404
98$111,796,719$7,564,372$2,278,457$51,668,945
99$123,071,736$7,806,778$2,226,537$56,602,347
100$135,492,765$8,057,022$2,168,838$62,030,183