Can I retire at age 54 with 1,850,000?

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 $1,850,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.5%
1 years$152,771$151,410$150,083$148,787$147,522$141,893
2 years$75,629$74,221$72,856$71,532$70,248$64,644
3 years$49,919$48,504$47,142$45,831$44,568$39,164
4 years$37,066$35,656$34,308$33,019$31,787$26,624
5 years$29,356$27,954$26,624$25,362$24,164$19,256
6 years$24,218$22,827$21,516$20,282$19,120$14,470
7 years$20,550$19,170$17,880$16,675$15,550$11,157
8 years$17,799$16,432$15,164$13,988$12,900$8,760
9 years$15,661$14,307$13,061$11,915$10,864$6,970
10 years$13,952$12,611$11,386$10,271$9,256$5,603
11 years$12,554$11,227$10,024$8,939$7,961$4,538
12 years$11,391$10,077$8,896$7,840$6,899$3,699
13 years$10,407$9,106$7,948$6,922$6,016$3,029
14 years$9,564$8,277$7,142$6,144$5,273$2,490
15 years$8,834$7,562$6,448$5,480$4,643$2,054
16 years$8,196$6,938$5,846$4,907$4,104$1,698
17 years$7,634$6,389$5,320$4,408$3,638$1,407
18 years$7,135$5,904$4,856$3,973$3,235$1,168
19 years$6,689$5,472$4,446$3,590$2,884$970
20 years$6,288$5,085$4,080$3,251$2,576$807
21 years$5,925$4,736$3,753$2,951$2,305$673
22 years$5,596$4,421$3,459$2,683$2,066$561
23 years$5,296$4,135$3,194$2,443$1,855$468
24 years$5,022$3,874$2,953$2,229$1,667$390
25 years$4,770$3,636$2,736$2,035$1,500$326
26 years$4,537$3,417$2,537$1,861$1,351$272
27 years$4,322$3,216$2,356$1,703$1,218$227
28 years$4,123$3,030$2,190$1,561$1,099$190
29 years$3,938$2,859$2,038$1,431$993$159
30 years$3,766$2,700$1,898$1,313$897$133
31 years$3,605$2,552$1,770$1,206$811$111
32 years$3,454$2,415$1,651$1,109$733$93
33 years$3,313$2,287$1,542$1,019$664$78
34 years$3,180$2,167$1,441$938$601$65
35 years$3,056$2,056$1,347$863$544$54
36 years$2,938$1,951$1,260$795$493$45
37 years$2,827$1,853$1,179$733$447$38
38 years$2,722$1,761$1,104$675$405$32
39 years$2,623$1,675$1,035$623$367$27
40 years$2,529$1,593$970$574$333$22
41 years$2,440$1,517$909$530$302$19
42 years$2,355$1,444$853$489$274$16
43 years$2,275$1,376$800$451$249$13
44 years$2,198$1,312$751$417$226$11
45 years$2,125$1,251$705$385$205$9
46 years$2,055$1,193$663$356$186$8
47 years$1,989$1,139$622$329$169$6
48 years$1,925$1,087$585$304$154$5
49 years$1,864$1,038$550$281$140$4
50 years$1,806$992$517$259$127$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $1,850,000, adding $6,763 every year, while hoping to spend $38,772 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: 53/20/27 Blend
53$1,850,000$1,850,000$1,850,000$1,850,000
54$2,045,676$1,947,626$1,918,951$2,138,375
55$2,213,082$2,001,807$1,941,983$2,257,460
56$2,396,264$2,057,343$1,964,487$2,382,475
57$2,596,790$2,114,259$1,986,404$2,517,749
58$2,816,386$2,172,582$2,007,673$2,664,278
59$3,056,956$2,232,337$2,028,228$2,823,162
60$3,320,593$2,293,549$2,048,001$2,995,608
61$3,609,603$2,356,242$2,066,919$3,182,950
62$3,926,527$2,420,443$2,084,905$3,386,655
63$4,274,162$2,486,174$2,101,879$3,608,340
64$4,655,591$2,553,461$2,117,756$3,849,786
65$5,074,208$2,622,327$2,132,448$4,112,956
66$5,533,752$2,692,796$2,145,859$4,400,013
67$6,038,341$2,764,890$2,157,892$4,713,340
68$6,592,514$2,838,631$2,168,443$5,055,563
69$7,201,267$2,914,040$2,177,403$5,429,574
70$7,870,107$2,991,139$2,184,656$5,838,562
71$8,605,099$3,069,946$2,190,084$6,286,041
72$9,412,926$3,150,480$2,193,558$6,775,881
73$10,300,950$3,232,759$2,194,948$7,312,351
74$11,277,281$3,316,799$2,194,113$7,900,151
75$12,350,856$3,402,614$2,190,908$8,544,463
76$13,531,519$3,490,218$2,185,179$9,250,998
77$14,830,117$3,579,622$2,176,765$10,026,048
78$16,258,601$3,670,835$2,165,499$10,876,549
79$17,830,138$3,763,866$2,151,204$11,810,143
80$19,559,237$3,858,721$2,133,694$12,835,255
81$21,461,883$3,955,401$2,112,776$13,961,166
82$23,555,687$4,053,909$2,088,247$15,198,108
83$25,860,058$4,154,241$2,059,894$16,557,356
84$28,396,378$4,256,392$2,027,494$18,051,335
85$31,188,208$4,360,355$1,990,814$19,693,740
86$34,261,510$4,466,117$1,949,611$21,499,664
87$37,644,890$4,573,663$1,903,629$23,485,741
88$41,369,869$4,682,973$1,852,601$25,670,302
89$45,471,179$4,794,022$1,796,247$28,073,550
90$49,987,093$4,906,783$1,734,275$30,717,751
91$54,959,783$5,021,222$1,666,380$33,627,444
92$60,435,718$5,137,299$1,592,241$36,829,673
93$66,466,105$5,254,970$1,511,525$40,354,243
94$73,107,369$5,374,185$1,423,881$44,234,002
95$80,421,686$5,494,885$1,328,947$48,505,151
96$88,477,570$5,617,006$1,226,338$53,207,587
97$97,350,519$5,740,477$1,115,658$58,385,279
98$107,123,729$5,865,217$996,490$64,086,686
99$117,888,875$5,991,139$868,398$70,365,212
100$129,746,980$6,118,144$730,929$77,279,713