Can I retire at age 54 with 1,840,000?

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 $1,840,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.9%
1 years$151,945$150,592$149,272$147,983$146,724$141,462
2 years$75,221$73,820$72,462$71,146$69,869$64,624
3 years$49,649$48,242$46,888$45,584$44,328$39,265
4 years$36,866$35,463$34,122$32,840$31,615$26,774
5 years$29,198$27,803$26,480$25,225$24,033$19,426
6 years$24,087$22,704$21,400$20,172$19,017$14,646
7 years$20,438$19,066$17,783$16,585$15,466$11,331
8 years$17,703$16,343$15,082$13,913$12,830$8,929
9 years$15,577$14,230$12,990$11,850$10,805$7,131
10 years$13,877$12,543$11,325$10,215$9,206$5,753
11 years$12,487$11,166$9,970$8,890$7,918$4,679
12 years$11,329$10,022$8,848$7,798$6,861$3,829
13 years$10,350$9,057$7,905$6,884$5,983$3,148
14 years$9,512$8,233$7,103$6,111$5,245$2,599
15 years$8,786$7,521$6,413$5,450$4,618$2,153
16 years$8,152$6,900$5,814$4,880$4,081$1,788
17 years$7,593$6,355$5,291$4,385$3,619$1,488
18 years$7,096$5,872$4,830$3,951$3,218$1,240
19 years$6,652$5,442$4,422$3,570$2,868$1,035
20 years$6,254$5,057$4,058$3,234$2,562$866
21 years$5,893$4,711$3,732$2,935$2,292$724
22 years$5,566$4,397$3,440$2,668$2,055$607
23 years$5,268$4,113$3,176$2,430$1,845$508
24 years$4,995$3,853$2,938$2,216$1,658$426
25 years$4,744$3,616$2,721$2,024$1,492$358
26 years$4,513$3,398$2,523$1,851$1,344$300
27 years$4,299$3,198$2,343$1,694$1,212$252
28 years$4,101$3,014$2,178$1,552$1,093$212
29 years$3,917$2,843$2,027$1,423$987$178
30 years$3,745$2,685$1,888$1,306$892$149
31 years$3,585$2,538$1,760$1,200$806$125
32 years$3,436$2,402$1,642$1,103$729$105
33 years$3,295$2,274$1,533$1,014$660$89
34 years$3,163$2,156$1,433$933$598$74
35 years$3,039$2,045$1,340$859$541$63
36 years$2,922$1,941$1,253$791$491$53
37 years$2,812$1,843$1,173$729$445$44
38 years$2,708$1,752$1,098$672$403$37
39 years$2,609$1,666$1,029$619$365$31
40 years$2,516$1,585$965$571$332$26
41 years$2,427$1,509$904$527$301$22
42 years$2,343$1,437$848$486$273$19
43 years$2,262$1,369$796$449$248$16
44 years$2,186$1,305$747$415$225$13
45 years$2,114$1,244$702$383$204$11
46 years$2,044$1,187$659$354$185$9
47 years$1,978$1,133$619$327$168$8
48 years$1,915$1,081$582$302$153$7
49 years$1,854$1,033$547$279$139$6
50 years$1,796$986$514$258$126$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $1,840,000, adding $3,050 every year, while hoping to spend $37,927 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: 81/6/13 Blend
53$1,840,000$1,840,000$1,840,000$1,840,000
54$2,030,826$1,933,306$1,904,786$2,190,073
55$2,197,616$1,987,684$1,928,242$2,349,439
56$2,380,148$2,043,455$1,951,213$2,519,081
57$2,579,987$2,100,648$1,973,643$2,704,192
58$2,798,856$2,159,291$1,995,471$2,906,305
59$3,038,656$2,219,412$2,016,635$3,127,107
60$3,301,476$2,281,041$2,037,069$3,368,459
61$3,589,619$2,344,204$2,056,704$3,632,409
62$3,905,621$2,408,932$2,075,465$3,921,211
63$4,252,277$2,475,252$2,093,275$4,237,352
64$4,632,662$2,543,192$2,110,053$4,583,568
65$5,050,166$2,612,781$2,125,712$4,962,876
66$5,508,522$2,684,046$2,140,163$5,378,596
67$6,011,843$2,757,016$2,153,309$5,834,390
68$6,564,658$2,831,716$2,165,052$6,334,289
69$7,171,958$2,908,175$2,175,286$6,882,735
70$7,839,240$2,986,418$2,183,900$7,484,623
71$8,572,560$3,066,471$2,190,779$8,145,344
72$9,378,591$3,148,358$2,195,800$8,870,840
73$10,264,684$3,232,104$2,198,836$9,667,657
74$11,238,937$3,317,732$2,199,752$10,543,007
75$12,310,273$3,405,265$2,198,408$11,504,837
76$13,488,520$3,494,723$2,194,654$12,561,903
77$14,784,511$3,586,126$2,188,337$13,723,854
78$16,210,179$3,679,493$2,179,294$15,001,321
79$17,778,670$3,774,842$2,167,353$16,406,017
80$19,504,471$3,872,186$2,152,336$17,950,852
81$21,403,544$3,971,540$2,134,056$19,650,048
82$23,493,476$4,072,915$2,112,317$21,519,279
83$25,793,643$4,176,321$2,086,913$23,575,814
84$28,325,399$4,281,765$2,057,628$25,838,684
85$31,112,269$4,389,251$2,024,238$28,328,859
86$34,180,176$4,498,780$1,986,506$31,069,449
87$37,557,685$4,610,352$1,944,186$34,085,917
88$41,276,272$4,723,961$1,897,018$37,406,323
89$45,370,616$4,839,600$1,844,733$41,061,588
90$49,878,935$4,957,256$1,787,047$45,085,786
91$54,843,338$5,076,914$1,723,665$49,516,466
92$60,310,228$5,198,552$1,654,278$54,395,004
93$66,330,737$5,322,147$1,578,562$59,766,997
94$72,961,207$5,447,666$1,496,178$65,682,690
95$80,263,723$5,575,076$1,406,774$72,197,453
96$88,306,702$5,704,333$1,309,979$79,372,302
97$97,165,530$5,835,390$1,205,408$87,274,476
98$106,923,283$5,968,193$1,092,658$95,978,072
99$117,671,503$6,102,680$971,307$105,564,742
100$129,511,066$6,238,780$840,916$116,124,468