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%19.3%
1 years$153,597$152,229$150,894$149,591$148,319$142,773
2 years$76,038$74,622$73,250$71,919$70,628$65,104
3 years$50,189$48,766$47,397$46,079$44,809$39,481
4 years$37,266$35,848$34,493$33,197$31,958$26,866
5 years$29,515$28,106$26,768$25,499$24,294$19,452
6 years$24,349$22,950$21,633$20,392$19,223$14,634
7 years$20,661$19,274$17,977$16,765$15,634$11,296
8 years$17,896$16,521$15,246$14,064$12,970$8,880
9 years$15,746$14,385$13,131$11,979$10,922$7,074
10 years$14,027$12,679$11,448$10,326$9,306$5,693
11 years$12,622$11,288$10,079$8,987$8,004$4,618
12 years$11,452$10,131$8,945$7,883$6,936$3,769
13 years$10,463$9,156$7,991$6,959$6,048$3,091
14 years$9,615$8,322$7,180$6,178$5,302$2,544
15 years$8,882$7,602$6,483$5,509$4,668$2,101
16 years$8,241$6,975$5,878$4,933$4,126$1,740
17 years$7,675$6,424$5,348$4,432$3,658$1,444
18 years$7,173$5,936$4,882$3,994$3,253$1,200
19 years$6,725$5,501$4,470$3,609$2,899$999
20 years$6,322$5,112$4,102$3,269$2,590$832
21 years$5,957$4,762$3,773$2,967$2,317$694
22 years$5,626$4,445$3,477$2,697$2,077$580
23 years$5,325$4,157$3,211$2,457$1,865$484
24 years$5,049$3,895$2,969$2,241$1,676$405
25 years$4,795$3,655$2,750$2,046$1,508$338
26 years$4,562$3,435$2,551$1,871$1,358$283
27 years$4,346$3,233$2,369$1,713$1,225$237
28 years$4,146$3,047$2,202$1,569$1,105$198
29 years$3,959$2,874$2,049$1,439$998$166
30 years$3,786$2,714$1,909$1,321$902$139
31 years$3,624$2,566$1,779$1,213$815$116
32 years$3,473$2,428$1,660$1,115$737$98
33 years$3,331$2,299$1,550$1,025$667$82
34 years$3,198$2,179$1,448$943$604$68
35 years$3,072$2,067$1,354$868$547$57
36 years$2,954$1,962$1,267$800$496$48
37 years$2,843$1,863$1,186$737$449$40
38 years$2,737$1,771$1,110$679$407$34
39 years$2,637$1,684$1,040$626$369$28
40 years$2,543$1,602$975$577$335$24
41 years$2,453$1,525$914$533$304$20
42 years$2,368$1,452$858$492$276$17
43 years$2,287$1,384$805$454$250$14
44 years$2,210$1,319$755$419$227$12
45 years$2,136$1,258$709$387$206$10
46 years$2,066$1,200$666$358$187$8
47 years$2,000$1,145$626$330$170$7
48 years$1,936$1,093$588$305$154$6
49 years$1,874$1,044$553$282$140$5
50 years$1,816$997$520$261$127$4

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 $5,675 every year, while hoping to spend $47,152 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: 60/18/22 Blend
53$1,860,000$1,860,000$1,860,000$1,860,000
54$2,055,574$1,956,994$1,928,164$2,166,619
55$2,215,073$2,002,717$1,942,588$2,288,328
56$2,389,261$2,049,101$1,955,915$2,415,412
57$2,579,585$2,096,127$1,968,058$2,553,021
58$2,787,642$2,143,776$1,978,927$2,702,186
59$3,015,186$2,192,025$1,988,425$2,864,043
60$3,264,150$2,240,849$1,996,453$3,039,840
61$3,536,663$2,290,221$2,002,904$3,230,958
62$3,835,069$2,340,108$2,007,667$3,438,914
63$4,161,949$2,390,476$2,010,627$3,665,382
64$4,520,145$2,441,287$2,011,660$3,912,207
65$4,912,788$2,492,498$2,010,639$4,181,422
66$5,343,325$2,544,063$2,007,429$4,475,267
67$5,815,555$2,595,933$2,001,888$4,796,211
68$6,333,659$2,648,051$1,993,869$5,146,977
69$6,902,245$2,700,358$1,983,216$5,530,563
70$7,526,386$2,752,788$1,969,766$5,950,276
71$8,211,674$2,805,271$1,953,350$6,409,761
72$8,964,265$2,857,730$1,933,788$6,913,032
73$9,790,944$2,910,082$1,910,893$7,464,519
74$10,699,181$2,962,238$1,884,469$8,069,099
75$11,697,210$3,014,100$1,854,311$8,732,152
76$12,794,100$3,065,565$1,820,205$9,459,606
77$13,999,841$3,116,520$1,781,924$10,257,994
78$15,325,441$3,166,846$1,739,235$11,134,519
79$16,783,027$3,216,413$1,691,891$12,097,119
80$18,385,960$3,265,082$1,639,634$13,154,544
81$20,148,961$3,312,704$1,582,194$14,316,438
82$22,088,249$3,359,120$1,519,291$15,593,430
83$24,221,693$3,404,159$1,450,630$16,997,239
84$26,568,982$3,447,639$1,375,903$18,540,777
85$29,151,810$3,489,365$1,294,787$20,238,279
86$31,994,079$3,529,129$1,206,947$22,105,433
87$35,122,126$3,566,707$1,112,031$24,159,533
88$38,564,971$3,601,864$1,009,672$26,419,636
89$42,354,588$3,634,345$899,486$28,906,752
90$46,526,210$3,663,882$781,072$31,644,032
91$51,118,658$3,690,186$654,013$34,656,998
92$56,174,709$3,712,954$517,870$37,973,777
93$61,741,498$3,731,858$372,188$41,625,369
94$67,870,965$3,746,552$216,490$45,645,944
95$74,620,340$3,756,670$50,279$50,073,159
96$82,052,687$3,761,819$0$54,948,523
97$90,237,497$3,761,585$0$60,347,615
98$99,251,345$3,755,525$0$66,305,554
99$109,178,607$3,743,171$0$72,866,229
100$120,112,265$3,724,027$0$80,091,020