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

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 $1,830,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.3%
1 years$151,120$149,774$148,460$147,178$145,927$141,030
2 years$74,812$73,418$72,068$70,759$69,489$64,604
3 years$49,379$47,980$46,633$45,336$44,087$39,366
4 years$36,665$35,270$33,937$32,662$31,443$26,924
5 years$29,039$27,652$26,336$25,088$23,902$19,597
6 years$23,956$22,580$21,284$20,063$18,913$14,824
7 years$20,327$18,963$17,687$16,495$15,381$11,508
8 years$17,607$16,255$15,000$13,837$12,760$9,100
9 years$15,492$14,153$12,919$11,786$10,746$7,295
10 years$13,801$12,475$11,263$10,160$9,156$5,908
11 years$12,419$11,106$9,916$8,842$7,875$4,823
12 years$11,267$9,968$8,800$7,756$6,824$3,963
13 years$10,294$9,008$7,862$6,847$5,951$3,272
14 years$9,460$8,188$7,064$6,078$5,216$2,713
15 years$8,739$7,480$6,378$5,421$4,593$2,256
16 years$8,108$6,863$5,783$4,853$4,059$1,882
17 years$7,551$6,320$5,262$4,361$3,599$1,573
18 years$7,058$5,840$4,804$3,930$3,200$1,317
19 years$6,616$5,413$4,398$3,551$2,852$1,105
20 years$6,220$5,030$4,036$3,216$2,548$928
21 years$5,861$4,685$3,712$2,919$2,280$780
22 years$5,536$4,373$3,421$2,654$2,044$656
23 years$5,239$4,090$3,159$2,417$1,835$552
24 years$4,967$3,832$2,922$2,204$1,649$465
25 years$4,718$3,596$2,706$2,013$1,484$392
26 years$4,488$3,380$2,510$1,841$1,337$331
27 years$4,276$3,181$2,330$1,685$1,205$279
28 years$4,079$2,997$2,166$1,544$1,087$236
29 years$3,896$2,828$2,016$1,416$982$199
30 years$3,725$2,670$1,878$1,299$887$168
31 years$3,566$2,524$1,751$1,193$802$142
32 years$3,417$2,389$1,633$1,097$726$120
33 years$3,277$2,262$1,525$1,008$657$101
34 years$3,146$2,144$1,425$928$594$85
35 years$3,023$2,034$1,332$854$538$72
36 years$2,906$1,930$1,246$787$488$61
37 years$2,797$1,833$1,167$725$442$52
38 years$2,693$1,742$1,092$668$401$44
39 years$2,595$1,657$1,023$616$364$37
40 years$2,502$1,576$959$568$330$31
41 years$2,414$1,500$899$524$299$26
42 years$2,330$1,429$844$484$271$22
43 years$2,250$1,361$792$447$246$19
44 years$2,174$1,298$743$412$224$16
45 years$2,102$1,237$698$381$203$13
46 years$2,033$1,181$655$352$184$11
47 years$1,967$1,127$616$325$167$10
48 years$1,904$1,075$579$300$152$8
49 years$1,844$1,027$544$278$138$7
50 years$1,787$981$511$257$125$6

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 $5,750 every year, while hoping to spend $51,046 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: 67/11/22 Blend
53$1,830,000$1,830,000$1,830,000$1,830,000
54$2,022,591$1,925,601$1,897,236$2,146,449
55$2,174,583$1,965,643$1,906,481$2,270,278
56$2,340,367$2,005,936$1,914,325$2,399,255
57$2,521,296$2,046,439$1,920,666$2,539,101
58$2,718,860$2,087,106$1,925,400$2,690,887
59$2,934,698$2,127,888$1,928,415$2,855,792
60$3,170,614$2,168,732$1,929,594$3,035,116
61$3,428,596$2,209,579$1,928,815$3,230,293
62$3,710,831$2,250,367$1,925,949$3,442,900
63$4,019,728$2,291,027$1,920,861$3,674,679
64$4,357,941$2,331,488$1,913,410$3,927,547
65$4,728,389$2,371,669$1,903,447$4,203,619
66$5,134,291$2,411,487$1,890,818$4,505,225
67$5,579,188$2,450,849$1,875,360$4,834,932
68$6,066,982$2,489,657$1,856,901$5,195,572
69$6,601,970$2,527,807$1,835,264$5,590,266
70$7,188,887$2,565,185$1,810,261$6,022,452
71$7,832,944$2,601,670$1,781,696$6,495,922
72$8,539,886$2,637,133$1,749,364$7,014,853
73$9,316,036$2,671,435$1,713,050$7,583,853
74$10,168,365$2,704,428$1,672,530$8,207,998
75$11,104,546$2,735,953$1,627,568$8,892,883
76$12,133,037$2,765,842$1,577,919$9,644,677
77$13,263,153$2,793,914$1,523,325$10,470,179
78$14,505,156$2,819,977$1,463,517$11,376,883
79$15,870,351$2,843,825$1,398,215$12,373,048
80$17,371,195$2,865,241$1,327,123$13,467,780
81$19,021,410$2,883,991$1,249,935$14,671,115
82$20,836,115$2,899,828$1,166,329$15,994,113
83$22,831,968$2,912,489$1,075,970$17,448,968
84$25,027,321$2,921,693$978,507$19,049,117
85$27,442,394$2,927,142$873,573$20,809,373
86$30,099,466$2,928,520$760,786$22,746,062
87$33,023,085$2,925,491$639,746$24,877,180
88$36,240,298$2,917,698$510,036$27,222,559
89$39,780,906$2,904,763$371,219$29,804,062
90$43,677,744$2,886,282$222,841$32,645,783
91$47,966,995$2,861,831$64,427$35,774,279
92$52,688,524$2,830,956$0$39,218,821
93$57,886,259$2,793,178$0$43,036,229
94$63,608,603$2,747,990$0$47,255,238
95$69,908,892$2,694,853$0$51,900,022
96$76,845,895$2,633,196$0$57,013,909
97$84,484,370$2,562,417$0$62,644,642
98$92,895,677$2,481,876$0$68,844,831
99$102,158,444$2,390,896$0$75,672,455
100$112,359,317$2,288,762$0$83,191,403