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

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 $1,820,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.8%
1 years$150,294$148,955$147,649$146,374$145,129$140,540
2 years$74,403$73,017$71,674$70,372$69,109$64,527
3 years$49,109$47,718$46,378$45,088$43,846$39,415
4 years$36,465$35,077$33,751$32,483$31,271$27,025
5 years$28,880$27,501$26,192$24,950$23,772$19,722
6 years$23,825$22,457$21,167$19,953$18,810$14,960
7 years$20,216$18,859$17,590$16,405$15,297$11,647
8 years$17,511$16,166$14,918$13,761$12,691$9,237
9 years$15,407$14,075$12,849$11,722$10,687$7,427
10 years$13,726$12,407$11,202$10,104$9,106$6,034
11 years$12,351$11,045$9,862$8,794$7,832$4,942
12 years$11,206$9,913$8,752$7,713$6,787$4,074
13 years$10,238$8,959$7,820$6,810$5,918$3,375
14 years$9,409$8,143$7,026$6,045$5,188$2,808
15 years$8,691$7,439$6,343$5,391$4,568$2,344
16 years$8,063$6,825$5,751$4,827$4,037$1,962
17 years$7,510$6,286$5,233$4,337$3,579$1,646
18 years$7,019$5,808$4,777$3,908$3,183$1,384
19 years$6,580$5,383$4,373$3,532$2,837$1,165
20 years$6,186$5,002$4,014$3,199$2,534$982
21 years$5,829$4,659$3,692$2,903$2,268$829
22 years$5,505$4,349$3,403$2,639$2,033$700
23 years$5,210$4,068$3,142$2,404$1,825$592
24 years$4,940$3,811$2,906$2,192$1,640$500
25 years$4,692$3,577$2,691$2,002$1,476$424
26 years$4,464$3,362$2,496$1,831$1,329$359
27 years$4,252$3,164$2,318$1,676$1,198$304
28 years$4,056$2,981$2,155$1,535$1,081$257
29 years$3,874$2,812$2,005$1,408$976$218
30 years$3,705$2,656$1,868$1,292$882$185
31 years$3,546$2,511$1,741$1,187$798$157
32 years$3,398$2,376$1,624$1,091$722$133
33 years$3,259$2,250$1,517$1,003$653$113
34 years$3,129$2,132$1,417$923$591$96
35 years$3,006$2,022$1,325$849$535$81
36 years$2,891$1,920$1,239$782$485$69
37 years$2,781$1,823$1,160$721$440$58
38 years$2,678$1,733$1,086$664$399$50
39 years$2,581$1,648$1,018$613$362$42
40 years$2,488$1,568$954$565$328$36
41 years$2,400$1,492$895$521$297$30
42 years$2,317$1,421$839$481$270$26
43 years$2,238$1,354$787$444$245$22
44 years$2,162$1,291$739$410$222$19
45 years$2,091$1,231$694$379$202$16
46 years$2,022$1,174$652$350$183$13
47 years$1,957$1,120$612$323$166$11
48 years$1,894$1,070$575$299$151$10
49 years$1,834$1,021$541$276$137$8
50 years$1,777$976$509$255$125$7

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 $3,782 every year, while hoping to spend $40,755 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: 71/24/5 Blend
53$1,820,000$1,820,000$1,820,000$1,820,000
54$2,009,541$1,913,081$1,884,871$2,151,008
55$2,171,151$1,963,459$1,904,651$2,295,218
56$2,347,880$2,014,940$1,923,728$2,447,558
57$2,541,226$2,067,534$1,942,035$2,613,144
58$2,752,839$2,121,252$1,959,502$2,793,266
59$2,984,539$2,176,103$1,976,055$2,989,346
60$3,238,325$2,232,095$1,991,616$3,202,947
61$3,516,402$2,289,236$2,006,104$3,435,791
62$3,821,198$2,347,531$2,019,431$3,689,776
63$4,155,386$2,406,986$2,031,508$3,966,990
64$4,521,911$2,467,604$2,042,238$4,269,732
65$4,924,015$2,529,386$2,051,523$4,600,535
66$5,365,272$2,592,333$2,059,256$4,962,190
67$5,849,615$2,656,442$2,065,326$5,357,769
68$6,381,380$2,721,712$2,069,619$5,790,656
69$6,965,340$2,788,135$2,072,010$6,264,580
70$7,606,755$2,855,705$2,072,374$6,783,648
71$8,311,420$2,924,410$2,070,574$7,352,383
72$9,085,717$2,994,239$2,066,471$7,975,769
73$9,936,679$3,065,175$2,059,916$8,659,297
74$10,872,051$3,137,199$2,050,754$9,409,015
75$11,900,369$3,210,290$2,038,823$10,231,588
76$13,031,035$3,284,423$2,023,952$11,134,357
77$14,274,410$3,359,569$2,005,963$12,125,412
78$15,641,906$3,435,694$1,984,669$13,213,666
79$17,146,099$3,512,762$1,959,875$14,408,937
80$18,800,845$3,590,731$1,931,374$15,722,047
81$20,621,408$3,669,555$1,898,953$17,164,916
82$22,624,610$3,749,181$1,862,386$18,750,681
83$24,828,983$3,829,553$1,821,438$20,493,816
84$27,254,947$3,910,609$1,775,864$22,410,270
85$29,925,001$3,992,278$1,725,405$24,517,616
86$32,863,938$4,074,486$1,669,792$26,835,218
87$36,099,073$4,157,150$1,608,744$29,384,416
88$39,660,507$4,240,179$1,541,966$32,188,723
89$43,581,406$4,323,475$1,469,149$35,274,047
90$47,898,316$4,406,932$1,389,972$38,668,940
91$52,651,507$4,490,434$1,304,099$42,404,864
92$57,885,351$4,573,856$1,211,176$46,516,487
93$63,648,744$4,657,062$1,110,838$51,042,013
94$69,995,565$4,739,907$1,002,700$56,023,542
95$76,985,182$4,822,232$886,360$61,507,466
96$84,683,018$4,903,869$761,400$67,544,908
97$93,161,162$4,984,634$627,383$74,192,203
98$102,499,051$5,064,332$483,851$81,511,434
99$112,784,221$5,142,751$330,327$89,571,011
100$124,113,132$5,219,667$166,314$98,446,326