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

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 $1,860,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.5%
1 years$153,597$152,229$150,894$149,591$148,319$144,969
2 years$76,038$74,622$73,250$71,919$70,628$67,271
3 years$50,189$48,766$47,397$46,079$44,809$41,550
4 years$37,266$35,848$34,493$33,197$31,958$28,822
5 years$29,515$28,106$26,768$25,499$24,294$21,289
6 years$24,349$22,950$21,633$20,392$19,223$16,353
7 years$20,661$19,274$17,977$16,765$15,634$12,899
8 years$17,896$16,521$15,246$14,064$12,970$10,369
9 years$15,746$14,385$13,131$11,979$10,922$8,454
10 years$14,027$12,679$11,448$10,326$9,306$6,968
11 years$12,622$11,288$10,079$8,987$8,004$5,792
12 years$11,452$10,131$8,945$7,883$6,936$4,847
13 years$10,463$9,156$7,991$6,959$6,048$4,078
14 years$9,615$8,322$7,180$6,178$5,302$3,447
15 years$8,882$7,602$6,483$5,509$4,668$2,924
16 years$8,241$6,975$5,878$4,933$4,126$2,488
17 years$7,675$6,424$5,348$4,432$3,658$2,123
18 years$7,173$5,936$4,882$3,994$3,253$1,815
19 years$6,725$5,501$4,470$3,609$2,899$1,555
20 years$6,322$5,112$4,102$3,269$2,590$1,334
21 years$5,957$4,762$3,773$2,967$2,317$1,145
22 years$5,626$4,445$3,477$2,697$2,077$985
23 years$5,325$4,157$3,211$2,457$1,865$848
24 years$5,049$3,895$2,969$2,241$1,676$730
25 years$4,795$3,655$2,750$2,046$1,508$630
26 years$4,562$3,435$2,551$1,871$1,358$543
27 years$4,346$3,233$2,369$1,713$1,225$469
28 years$4,146$3,047$2,202$1,569$1,105$405
29 years$3,959$2,874$2,049$1,439$998$349
30 years$3,786$2,714$1,909$1,321$902$302
31 years$3,624$2,566$1,779$1,213$815$261
32 years$3,473$2,428$1,660$1,115$737$226
33 years$3,331$2,299$1,550$1,025$667$195
34 years$3,198$2,179$1,448$943$604$169
35 years$3,072$2,067$1,354$868$547$146
36 years$2,954$1,962$1,267$800$496$126
37 years$2,843$1,863$1,186$737$449$109
38 years$2,737$1,771$1,110$679$407$94
39 years$2,637$1,684$1,040$626$369$82
40 years$2,543$1,602$975$577$335$71
41 years$2,453$1,525$914$533$304$61
42 years$2,368$1,452$858$492$276$53
43 years$2,287$1,384$805$454$250$46
44 years$2,210$1,319$755$419$227$40
45 years$2,136$1,258$709$387$206$34
46 years$2,066$1,200$666$358$187$30
47 years$2,000$1,145$626$330$170$26
48 years$1,936$1,093$588$305$154$22
49 years$1,874$1,044$553$282$140$19
50 years$1,816$997$520$261$127$17

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 $3,375 every year, while hoping to spend $55,907 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: 39/35/26 Blend
53$1,860,000$1,860,000$1,860,000$1,860,000
54$2,053,201$1,954,621$1,925,791$2,117,315
55$2,203,143$1,990,913$1,930,821$2,200,566
56$2,366,505$2,027,110$1,934,145$2,285,082
57$2,544,598$2,063,147$1,935,648$2,375,384
58$2,738,862$2,098,956$1,935,207$2,472,035
59$2,950,885$2,134,464$1,932,695$2,575,654
60$3,182,412$2,169,590$1,927,978$2,686,928
61$3,435,368$2,204,249$1,920,914$2,806,614
62$3,711,868$2,238,350$1,911,357$2,935,549
63$4,014,242$2,271,793$1,899,152$3,074,655
64$4,345,058$2,304,474$1,884,136$3,224,955
65$4,707,140$2,336,279$1,866,141$3,387,574
66$5,103,599$2,367,087$1,844,987$3,563,759
67$5,537,861$2,396,769$1,820,489$3,754,884
68$6,013,699$2,425,188$1,792,452$3,962,469
69$6,535,268$2,452,194$1,760,672$4,188,188
70$7,107,146$2,477,631$1,724,934$4,433,896
71$7,734,370$2,501,331$1,685,015$4,701,635
72$8,422,494$2,523,115$1,640,682$4,993,664
73$9,177,633$2,542,791$1,591,688$5,312,475
74$10,006,520$2,560,157$1,537,779$5,660,819
75$10,916,577$2,574,996$1,478,686$6,041,734
76$11,915,975$2,587,078$1,414,129$6,458,573
77$13,013,717$2,596,158$1,343,815$6,915,036
78$14,219,722$2,601,976$1,267,439$7,415,209
79$15,544,916$2,604,254$1,184,680$7,963,601
80$17,001,335$2,602,701$1,095,205$8,565,186
81$18,602,241$2,597,002$998,664$9,225,457
82$20,362,242$2,586,828$894,691$9,950,471
83$22,297,434$2,571,826$782,907$10,746,917
84$24,425,550$2,551,623$662,912$11,622,171
85$26,766,128$2,525,825$534,292$12,584,373
86$29,340,695$2,494,012$396,612$13,642,506
87$32,172,966$2,455,738$249,419$14,806,477
88$35,289,074$2,410,535$92,239$16,087,217
89$38,717,810$2,357,902$0$17,496,786
90$42,490,899$2,297,311$0$19,069,430
91$46,643,295$2,228,204$0$20,827,547
92$51,213,512$2,149,987$0$22,761,856
93$56,243,989$2,062,035$0$24,890,364
94$61,781,485$1,963,684$0$27,232,923
95$67,877,525$1,854,233$0$29,811,419
96$74,588,882$1,732,940$0$32,649,978
97$81,978,116$1,599,022$0$35,775,197
98$90,114,157$1,451,648$0$39,216,397
99$99,072,965$1,289,942$0$43,005,899
100$108,938,237$1,112,979$0$47,179,334