Can I retire at age 54 with 1,830,000?

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 $1,830,000?

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$151,120$149,774$148,460$147,178$145,927$140,414
2 years$74,812$73,418$72,068$70,759$69,489$63,999
3 years$49,379$47,980$46,633$45,336$44,087$38,792
4 years$36,665$35,270$33,937$32,662$31,443$26,385
5 years$29,039$27,652$26,336$25,088$23,902$19,093
6 years$23,956$22,580$21,284$20,063$18,913$14,356
7 years$20,327$18,963$17,687$16,495$15,381$11,075
8 years$17,607$16,255$15,000$13,837$12,760$8,701
9 years$15,492$14,153$12,919$11,786$10,746$6,928
10 years$13,801$12,475$11,263$10,160$9,156$5,572
11 years$12,419$11,106$9,916$8,842$7,875$4,516
12 years$11,267$9,968$8,800$7,756$6,824$3,683
13 years$10,294$9,008$7,862$6,847$5,951$3,019
14 years$9,460$8,188$7,064$6,078$5,216$2,483
15 years$8,739$7,480$6,378$5,421$4,593$2,050
16 years$8,108$6,863$5,783$4,853$4,059$1,696
17 years$7,551$6,320$5,262$4,361$3,599$1,406
18 years$7,058$5,840$4,804$3,930$3,200$1,168
19 years$6,616$5,413$4,398$3,551$2,852$971
20 years$6,220$5,030$4,036$3,216$2,548$809
21 years$5,861$4,685$3,712$2,919$2,280$674
22 years$5,536$4,373$3,421$2,654$2,044$562
23 years$5,239$4,090$3,159$2,417$1,835$469
24 years$4,967$3,832$2,922$2,204$1,649$392
25 years$4,718$3,596$2,706$2,013$1,484$328
26 years$4,488$3,380$2,510$1,841$1,337$274
27 years$4,276$3,181$2,330$1,685$1,205$229
28 years$4,079$2,997$2,166$1,544$1,087$191
29 years$3,896$2,828$2,016$1,416$982$160
30 years$3,725$2,670$1,878$1,299$887$134
31 years$3,566$2,524$1,751$1,193$802$112
32 years$3,417$2,389$1,633$1,097$726$94
33 years$3,277$2,262$1,525$1,008$657$79
34 years$3,146$2,144$1,425$928$594$66
35 years$3,023$2,034$1,332$854$538$55
36 years$2,906$1,930$1,246$787$488$46
37 years$2,797$1,833$1,167$725$442$39
38 years$2,693$1,742$1,092$668$401$32
39 years$2,595$1,657$1,023$616$364$27
40 years$2,502$1,576$959$568$330$23
41 years$2,414$1,500$899$524$299$19
42 years$2,330$1,429$844$484$271$16
43 years$2,250$1,361$792$447$246$13
44 years$2,174$1,298$743$412$224$11
45 years$2,102$1,237$698$381$203$9
46 years$2,033$1,181$655$352$184$8
47 years$1,967$1,127$616$325$167$7
48 years$1,904$1,075$579$300$152$5
49 years$1,844$1,027$544$278$138$5
50 years$1,787$981$511$257$125$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $1,830,000, adding $3,743 every year, while hoping to spend $34,984 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: 82/11/7 Blend
53$1,830,000$1,830,000$1,830,000$1,830,000
54$2,020,521$1,923,531$1,895,166$2,184,533
55$2,189,391$1,980,561$1,921,431$2,349,366
56$2,374,314$2,039,213$1,947,404$2,525,223
57$2,576,889$2,099,530$1,973,037$2,717,203
58$2,798,880$2,161,555$1,998,282$2,926,900
59$3,042,227$2,225,332$2,023,085$3,156,069
60$3,309,067$2,290,907$2,047,392$3,406,644
61$3,601,756$2,358,326$2,071,144$3,680,752
62$3,922,888$2,427,636$2,094,280$3,980,740
63$4,275,317$2,498,885$2,116,733$4,309,188
64$4,662,192$2,572,123$2,138,436$4,668,942
65$5,086,978$2,647,400$2,159,316$5,063,134
66$5,553,494$2,724,766$2,179,297$5,495,215
67$6,065,945$2,804,274$2,198,298$5,968,986
68$6,628,964$2,885,976$2,216,234$6,488,634
69$7,247,657$2,969,928$2,233,016$7,058,771
70$7,927,647$3,056,183$2,248,551$7,684,479
71$8,675,128$3,144,797$2,262,739$8,371,355
72$9,496,926$3,235,828$2,275,476$9,125,567
73$10,400,562$3,329,332$2,286,653$9,953,907
74$11,394,319$3,425,369$2,296,156$10,863,863
75$12,487,326$3,523,999$2,303,864$11,863,679
76$13,689,639$3,625,280$2,309,649$12,962,442
77$15,012,339$3,729,276$2,313,379$14,170,162
78$16,467,635$3,836,048$2,314,915$15,497,869
79$18,068,979$3,945,659$2,314,109$16,957,715
80$19,831,191$4,058,173$2,310,808$18,563,090
81$21,770,603$4,173,653$2,304,851$20,328,748
82$23,905,208$4,292,167$2,296,067$22,270,942
83$26,254,835$4,413,778$2,284,281$24,407,587
84$28,841,329$4,538,554$2,269,305$26,758,416
85$31,688,764$4,666,563$2,250,946$29,345,178
86$34,823,663$4,797,870$2,228,999$32,191,834
87$38,275,256$4,932,545$2,203,249$35,324,789
88$42,075,749$5,070,656$2,173,474$38,773,137
89$46,260,628$5,212,271$2,139,439$42,568,939
90$50,869,000$5,357,460$2,100,897$46,747,520
91$55,943,953$5,506,291$2,057,593$51,347,809
92$61,532,971$5,658,834$2,009,257$56,412,702
93$67,688,375$5,815,158$1,955,608$61,989,465
94$74,467,820$5,975,331$1,896,352$68,130,187
95$81,934,838$6,139,422$1,831,180$74,892,262
96$90,159,438$6,307,501$1,759,771$82,338,938
97$99,218,765$6,479,633$1,681,788$90,539,911
98$109,197,830$6,655,886$1,596,879$99,571,983
99$120,190,311$6,836,326$1,504,676$109,519,785
100$132,299,435$7,021,018$1,404,795$120,476,579