Can I retire at age 54 with 1,860,000?

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 $1,860,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.5%
1 years$153,597$152,229$150,894$149,591$148,319$143,228
2 years$76,038$74,622$73,250$71,919$70,628$65,550
3 years$50,189$48,766$47,397$46,079$44,809$39,905
4 years$37,266$35,848$34,493$33,197$31,958$27,265
5 years$29,515$28,106$26,768$25,499$24,294$19,824
6 years$24,349$22,950$21,633$20,392$19,223$14,979
7 years$20,661$19,274$17,977$16,765$15,634$11,616
8 years$17,896$16,521$15,246$14,064$12,970$9,174
9 years$15,746$14,385$13,131$11,979$10,922$7,345
10 years$14,027$12,679$11,448$10,326$9,306$5,941
11 years$12,622$11,288$10,079$8,987$8,004$4,844
12 years$11,452$10,131$8,945$7,883$6,936$3,974
13 years$10,463$9,156$7,991$6,959$6,048$3,277
14 years$9,615$8,322$7,180$6,178$5,302$2,713
15 years$8,882$7,602$6,483$5,509$4,668$2,254
16 years$8,241$6,975$5,878$4,933$4,126$1,877
17 years$7,675$6,424$5,348$4,432$3,658$1,567
18 years$7,173$5,936$4,882$3,994$3,253$1,310
19 years$6,725$5,501$4,470$3,609$2,899$1,097
20 years$6,322$5,112$4,102$3,269$2,590$920
21 years$5,957$4,762$3,773$2,967$2,317$772
22 years$5,626$4,445$3,477$2,697$2,077$648
23 years$5,325$4,157$3,211$2,457$1,865$545
24 years$5,049$3,895$2,969$2,241$1,676$459
25 years$4,795$3,655$2,750$2,046$1,508$386
26 years$4,562$3,435$2,551$1,871$1,358$325
27 years$4,346$3,233$2,369$1,713$1,225$274
28 years$4,146$3,047$2,202$1,569$1,105$231
29 years$3,959$2,874$2,049$1,439$998$194
30 years$3,786$2,714$1,909$1,321$902$164
31 years$3,624$2,566$1,779$1,213$815$138
32 years$3,473$2,428$1,660$1,115$737$116
33 years$3,331$2,299$1,550$1,025$667$98
34 years$3,198$2,179$1,448$943$604$83
35 years$3,072$2,067$1,354$868$547$70
36 years$2,954$1,962$1,267$800$496$59
37 years$2,843$1,863$1,186$737$449$50
38 years$2,737$1,771$1,110$679$407$42
39 years$2,637$1,684$1,040$626$369$35
40 years$2,543$1,602$975$577$335$30
41 years$2,453$1,525$914$533$304$25
42 years$2,368$1,452$858$492$276$21
43 years$2,287$1,384$805$454$250$18
44 years$2,210$1,319$755$419$227$15
45 years$2,136$1,258$709$387$206$13
46 years$2,066$1,200$666$358$187$11
47 years$2,000$1,145$626$330$170$9
48 years$1,936$1,093$588$305$154$8
49 years$1,874$1,044$553$282$140$6
50 years$1,816$997$520$261$127$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $1,860,000, adding $6,082 every year, while hoping to spend $55,552 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: 39/40/21 Blend
53$1,860,000$1,860,000$1,860,000$1,860,000
54$2,055,994$1,957,414$1,928,584$2,123,109
55$2,206,598$1,994,220$1,934,084$2,208,816
56$2,370,702$2,030,968$1,937,907$2,295,718
57$2,549,625$2,067,596$1,939,938$2,388,552
58$2,744,816$2,104,038$1,940,056$2,487,890
59$2,957,874$2,140,222$1,938,134$2,594,359
60$3,190,555$2,176,072$1,934,040$2,708,655
61$3,444,796$2,211,503$1,927,634$2,831,544
62$3,722,727$2,246,429$1,918,772$2,963,873
63$4,026,694$2,280,752$1,907,299$3,106,578
64$4,359,278$2,314,371$1,893,056$3,260,690
65$4,723,326$2,347,176$1,875,874$3,427,349
66$5,121,967$2,379,050$1,855,578$3,607,815
67$5,558,651$2,409,866$1,831,983$3,803,477
68$6,037,175$2,439,492$1,804,896$4,015,868
69$6,561,722$2,467,782$1,774,115$4,246,683
70$7,136,899$2,494,585$1,739,429$4,497,792
71$7,767,779$2,519,736$1,700,616$4,771,258
72$8,459,951$2,543,061$1,657,445$5,069,360
73$9,219,569$2,564,375$1,609,674$5,394,614
74$10,053,415$2,583,479$1,557,048$5,749,795
75$10,968,957$2,600,163$1,499,302$6,137,967
76$11,974,423$2,614,203$1,436,161$6,562,513
77$13,078,874$2,625,359$1,367,332$7,027,165
78$14,292,296$2,633,379$1,292,515$7,536,041
79$15,625,688$2,637,991$1,211,391$8,093,687
80$17,091,166$2,638,911$1,123,631$8,705,119
81$18,702,080$2,635,833$1,028,888$9,375,872
82$20,473,137$2,628,434$926,801$10,112,053
83$22,420,541$2,616,370$816,992$10,920,400
84$24,562,142$2,599,279$699,068$11,808,347
85$26,917,611$2,576,774$572,617$12,784,096
86$29,508,616$2,548,445$437,208$13,856,697
87$32,359,034$2,513,858$292,394$15,036,131
88$35,495,172$2,472,553$137,705$16,333,409
89$38,946,015$2,424,043$0$17,760,680
90$42,743,499$2,367,812$0$19,337,475
91$46,922,813$2,303,313$0$21,105,766
92$51,522,732$2,229,966$0$23,051,087
93$56,585,976$2,147,160$0$25,191,539
94$62,159,621$2,054,247$0$27,547,082
95$68,295,537$1,950,539$0$30,139,721
96$75,050,879$1,835,313$0$32,993,713
97$82,488,625$1,707,800$0$36,135,803
98$90,678,173$1,567,189$0$39,595,475
99$99,695,988$1,412,624$0$43,405,232
100$109,626,333$1,243,197$0$47,600,906