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

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 $1,840,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.2%
1 years$151,945$150,592$149,272$147,983$146,724$141,294
2 years$75,221$73,820$72,462$71,146$69,869$64,459
3 years$49,649$48,242$46,888$45,584$44,328$39,108
4 years$36,866$35,463$34,122$32,840$31,615$26,626
5 years$29,198$27,803$26,480$25,225$24,033$19,288
6 years$24,087$22,704$21,400$20,172$19,017$14,519
7 years$20,438$19,066$17,783$16,585$15,466$11,213
8 years$17,703$16,343$15,082$13,913$12,830$8,820
9 years$15,577$14,230$12,990$11,850$10,805$7,031
10 years$13,877$12,543$11,325$10,215$9,206$5,662
11 years$12,487$11,166$9,970$8,890$7,918$4,596
12 years$11,329$10,022$8,848$7,798$6,861$3,753
13 years$10,350$9,057$7,905$6,884$5,983$3,080
14 years$9,512$8,233$7,103$6,111$5,245$2,537
15 years$8,786$7,521$6,413$5,450$4,618$2,097
16 years$8,152$6,900$5,814$4,880$4,081$1,738
17 years$7,593$6,355$5,291$4,385$3,619$1,443
18 years$7,096$5,872$4,830$3,951$3,218$1,200
19 years$6,652$5,442$4,422$3,570$2,868$1,000
20 years$6,254$5,057$4,058$3,234$2,562$834
21 years$5,893$4,711$3,732$2,935$2,292$696
22 years$5,566$4,397$3,440$2,668$2,055$582
23 years$5,268$4,113$3,176$2,430$1,845$486
24 years$4,995$3,853$2,938$2,216$1,658$407
25 years$4,744$3,616$2,721$2,024$1,492$340
26 years$4,513$3,398$2,523$1,851$1,344$285
27 years$4,299$3,198$2,343$1,694$1,212$239
28 years$4,101$3,014$2,178$1,552$1,093$200
29 years$3,917$2,843$2,027$1,423$987$168
30 years$3,745$2,685$1,888$1,306$892$140
31 years$3,585$2,538$1,760$1,200$806$118
32 years$3,436$2,402$1,642$1,103$729$99
33 years$3,295$2,274$1,533$1,014$660$83
34 years$3,163$2,156$1,433$933$598$69
35 years$3,039$2,045$1,340$859$541$58
36 years$2,922$1,941$1,253$791$491$49
37 years$2,812$1,843$1,173$729$445$41
38 years$2,708$1,752$1,098$672$403$34
39 years$2,609$1,666$1,029$619$365$29
40 years$2,516$1,585$965$571$332$24
41 years$2,427$1,509$904$527$301$20
42 years$2,343$1,437$848$486$273$17
43 years$2,262$1,369$796$449$248$14
44 years$2,186$1,305$747$415$225$12
45 years$2,114$1,244$702$383$204$10
46 years$2,044$1,187$659$354$185$8
47 years$1,978$1,133$619$327$168$7
48 years$1,915$1,081$582$302$153$6
49 years$1,854$1,033$547$279$139$5
50 years$1,796$986$514$258$126$4

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 $6,306 every year, while hoping to spend $23,799 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: 43/32/25 Blend
53$1,840,000$1,840,000$1,840,000$1,840,000
54$2,034,185$1,936,665$1,908,145$2,106,593
55$2,216,350$2,006,239$1,946,746$2,228,404
56$2,416,298$2,078,425$1,985,842$2,357,538
57$2,635,818$2,153,326$2,025,425$2,496,986
58$2,876,880$2,231,048$2,065,486$2,647,714
59$3,141,655$2,311,703$2,106,013$2,810,785
60$3,432,535$2,395,407$2,146,995$2,987,369
61$3,752,152$2,482,281$2,188,419$3,178,751
62$4,103,410$2,572,451$2,230,269$3,386,345
63$4,489,505$2,666,048$2,272,530$3,611,705
64$4,913,960$2,763,210$2,315,185$3,856,543
65$5,380,654$2,864,077$2,358,214$4,122,739
66$5,893,864$2,968,800$2,401,597$4,412,365
67$6,458,299$3,077,532$2,445,312$4,727,698
68$7,079,149$3,190,435$2,489,334$5,071,246
69$7,762,132$3,307,676$2,533,636$5,445,768
70$8,513,548$3,429,431$2,578,192$5,854,300
71$9,340,339$3,555,881$2,622,969$6,300,186
72$10,250,151$3,687,218$2,667,937$6,787,104
73$11,251,414$3,823,639$2,713,060$7,319,106
74$12,353,411$3,965,350$2,758,301$7,900,652
75$13,566,374$4,112,567$2,803,619$8,536,651
76$14,901,576$4,265,515$2,848,972$9,232,510
77$16,371,439$4,424,427$2,894,314$9,994,183
78$17,989,650$4,589,548$2,939,598$10,828,223
79$19,771,290$4,761,132$2,984,771$11,741,850
80$21,732,979$4,939,444$3,029,777$12,743,015
81$23,893,028$5,124,762$3,074,560$13,840,471
82$26,271,615$5,317,374$3,119,056$15,043,863
83$28,890,975$5,517,581$3,163,201$16,363,810
84$31,775,610$5,725,698$3,206,923$17,812,009
85$34,952,516$5,942,051$3,250,149$19,401,345
86$38,451,445$6,166,983$3,292,801$21,146,010
87$42,305,178$6,400,851$3,334,795$23,061,636
88$46,549,839$6,644,026$3,376,044$25,165,445
89$51,225,237$6,896,898$3,416,456$27,476,405
90$56,375,235$7,159,870$3,455,931$30,015,412
91$62,048,172$7,433,366$3,494,368$32,805,489
92$68,297,312$7,717,828$3,531,655$35,871,994
93$75,181,351$8,013,715$3,567,679$39,242,867
94$82,764,971$8,321,508$3,602,318$42,948,887
95$91,119,446$8,641,710$3,635,444$47,023,964
96$100,323,319$8,974,844$3,666,921$51,505,458
97$110,463,143$9,321,457$3,696,608$56,434,529
98$121,634,295$9,682,119$3,724,356$61,856,527
99$133,941,877$10,057,427$3,750,006$67,821,414
100$147,501,710$10,448,003$3,773,393$74,384,240