Can I retire at age 54 with 1,820,000?

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 $1,820,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.4%
1 years$150,294$148,955$147,649$146,374$145,129$139,647
2 years$74,403$73,017$71,674$70,372$69,109$63,650
3 years$49,109$47,718$46,378$45,088$43,846$38,580
4 years$36,465$35,077$33,751$32,483$31,271$26,240
5 years$28,880$27,501$26,192$24,950$23,772$18,989
6 years$23,825$22,457$21,167$19,953$18,810$14,277
7 years$20,216$18,859$17,590$16,405$15,297$11,014
8 years$17,511$16,166$14,918$13,761$12,691$8,653
9 years$15,407$14,075$12,849$11,722$10,687$6,890
10 years$13,726$12,407$11,202$10,104$9,106$5,541
11 years$12,351$11,045$9,862$8,794$7,832$4,492
12 years$11,206$9,913$8,752$7,713$6,787$3,663
13 years$10,238$8,959$7,820$6,810$5,918$3,002
14 years$9,409$8,143$7,026$6,045$5,188$2,470
15 years$8,691$7,439$6,343$5,391$4,568$2,038
16 years$8,063$6,825$5,751$4,827$4,037$1,687
17 years$7,510$6,286$5,233$4,337$3,579$1,398
18 years$7,019$5,808$4,777$3,908$3,183$1,161
19 years$6,580$5,383$4,373$3,532$2,837$966
20 years$6,186$5,002$4,014$3,199$2,534$804
21 years$5,829$4,659$3,692$2,903$2,268$670
22 years$5,505$4,349$3,403$2,639$2,033$559
23 years$5,210$4,068$3,142$2,404$1,825$467
24 years$4,940$3,811$2,906$2,192$1,640$390
25 years$4,692$3,577$2,691$2,002$1,476$326
26 years$4,464$3,362$2,496$1,831$1,329$272
27 years$4,252$3,164$2,318$1,676$1,198$228
28 years$4,056$2,981$2,155$1,535$1,081$190
29 years$3,874$2,812$2,005$1,408$976$159
30 years$3,705$2,656$1,868$1,292$882$133
31 years$3,546$2,511$1,741$1,187$798$112
32 years$3,398$2,376$1,624$1,091$722$93
33 years$3,259$2,250$1,517$1,003$653$78
34 years$3,129$2,132$1,417$923$591$65
35 years$3,006$2,022$1,325$849$535$55
36 years$2,891$1,920$1,239$782$485$46
37 years$2,781$1,823$1,160$721$440$38
38 years$2,678$1,733$1,086$664$399$32
39 years$2,581$1,648$1,018$613$362$27
40 years$2,488$1,568$954$565$328$23
41 years$2,400$1,492$895$521$297$19
42 years$2,317$1,421$839$481$270$16
43 years$2,238$1,354$787$444$245$13
44 years$2,162$1,291$739$410$222$11
45 years$2,091$1,231$694$379$202$9
46 years$2,022$1,174$652$350$183$8
47 years$1,957$1,120$612$323$166$7
48 years$1,894$1,070$575$299$151$5
49 years$1,834$1,021$541$276$137$5
50 years$1,777$976$509$255$125$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $1,820,000, adding $6,306 every year, while hoping to spend $57,013 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: 36/49/15 Blend
53$1,820,000$1,820,000$1,820,000$1,820,000
54$2,012,145$1,915,685$1,887,475$2,075,117
55$2,156,722$1,948,892$1,890,044$2,154,357
56$2,314,135$1,981,815$1,890,788$2,233,971
57$2,485,634$2,014,381$1,889,586$2,318,690
58$2,672,592$2,046,509$1,886,311$2,409,000
59$2,876,523$2,078,115$1,880,829$2,505,437
60$3,099,092$2,109,106$1,873,000$2,608,593
61$3,342,131$2,139,384$1,862,677$2,719,121
62$3,607,659$2,168,844$1,849,707$2,837,745
63$3,897,896$2,197,373$1,833,928$2,965,262
64$4,215,289$2,224,852$1,815,172$3,102,555
65$4,562,529$2,251,151$1,793,262$3,250,600
66$4,942,583$2,276,132$1,768,011$3,410,473
67$5,358,714$2,299,651$1,739,227$3,583,363
68$5,814,518$2,321,549$1,706,707$3,770,587
69$6,313,954$2,341,660$1,670,237$3,973,595
70$6,861,384$2,359,808$1,629,596$4,193,992
71$7,461,608$2,375,801$1,584,551$4,433,551
72$8,119,916$2,389,440$1,534,858$4,694,229
73$8,842,135$2,400,510$1,480,262$4,978,186
74$9,634,681$2,408,783$1,420,499$5,287,812
75$10,504,621$2,414,016$1,355,289$5,625,742
76$11,459,743$2,415,953$1,284,341$5,994,889
77$12,508,621$2,414,320$1,207,352$6,398,466
78$13,660,705$2,408,826$1,124,002$6,840,024
79$14,926,402$2,399,163$1,033,961$7,323,483
80$16,317,178$2,385,005$936,882$7,853,168
81$17,845,663$2,366,004$832,401$8,433,858
82$19,525,775$2,341,791$720,140$9,070,825
83$21,372,843$2,311,978$599,704$9,769,889
84$23,403,758$2,276,151$470,679$10,537,475
85$25,637,130$2,233,870$332,635$11,380,675
86$28,093,461$2,184,673$185,122$12,307,313
87$30,795,339$2,128,068$27,669$13,326,026
88$33,767,654$2,063,534$0$14,446,344
89$37,037,828$1,990,520$0$15,701,250
90$40,636,074$1,908,443$0$17,086,068
91$44,595,684$1,816,687$0$18,609,256
92$48,953,338$1,714,599$0$20,285,029
93$53,749,453$1,601,488$0$22,129,066
94$59,028,562$1,476,626$0$24,158,660
95$64,839,735$1,339,241$0$26,392,879
96$71,237,041$1,188,517$0$28,852,755
97$78,280,057$1,023,592$0$31,561,479
98$86,034,431$843,556$0$34,544,627
99$94,572,500$647,448$0$37,830,401
100$103,973,973$434,251$0$41,449,900