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%18.7%
1 years$153,597$152,229$150,894$149,591$148,319$143,113
2 years$76,038$74,622$73,250$71,919$70,628$65,438
3 years$50,189$48,766$47,397$46,079$44,809$39,798
4 years$37,266$35,848$34,493$33,197$31,958$27,164
5 years$29,515$28,106$26,768$25,499$24,294$19,730
6 years$24,349$22,950$21,633$20,392$19,223$14,892
7 years$20,661$19,274$17,977$16,765$15,634$11,535
8 years$17,896$16,521$15,246$14,064$12,970$9,100
9 years$15,746$14,385$13,131$11,979$10,922$7,276
10 years$14,027$12,679$11,448$10,326$9,306$5,878
11 years$12,622$11,288$10,079$8,987$8,004$4,787
12 years$11,452$10,131$8,945$7,883$6,936$3,922
13 years$10,463$9,156$7,991$6,959$6,048$3,230
14 years$9,615$8,322$7,180$6,178$5,302$2,670
15 years$8,882$7,602$6,483$5,509$4,668$2,215
16 years$8,241$6,975$5,878$4,933$4,126$1,842
17 years$7,675$6,424$5,348$4,432$3,658$1,535
18 years$7,173$5,936$4,882$3,994$3,253$1,282
19 years$6,725$5,501$4,470$3,609$2,899$1,072
20 years$6,322$5,112$4,102$3,269$2,590$897
21 years$5,957$4,762$3,773$2,967$2,317$752
22 years$5,626$4,445$3,477$2,697$2,077$631
23 years$5,325$4,157$3,211$2,457$1,865$529
24 years$5,049$3,895$2,969$2,241$1,676$444
25 years$4,795$3,655$2,750$2,046$1,508$373
26 years$4,562$3,435$2,551$1,871$1,358$314
27 years$4,346$3,233$2,369$1,713$1,225$264
28 years$4,146$3,047$2,202$1,569$1,105$222
29 years$3,959$2,874$2,049$1,439$998$187
30 years$3,786$2,714$1,909$1,321$902$157
31 years$3,624$2,566$1,779$1,213$815$132
32 years$3,473$2,428$1,660$1,115$737$111
33 years$3,331$2,299$1,550$1,025$667$94
34 years$3,198$2,179$1,448$943$604$79
35 years$3,072$2,067$1,354$868$547$67
36 years$2,954$1,962$1,267$800$496$56
37 years$2,843$1,863$1,186$737$449$47
38 years$2,737$1,771$1,110$679$407$40
39 years$2,637$1,684$1,040$626$369$33
40 years$2,543$1,602$975$577$335$28
41 years$2,453$1,525$914$533$304$24
42 years$2,368$1,452$858$492$276$20
43 years$2,287$1,384$805$454$250$17
44 years$2,210$1,319$755$419$227$14
45 years$2,136$1,258$709$387$206$12
46 years$2,066$1,200$666$358$187$10
47 years$2,000$1,145$626$330$170$8
48 years$1,936$1,093$588$305$154$7
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 $6,602 every year, while hoping to spend $47,114 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: 72/11/17 Blend
53$1,860,000$1,860,000$1,860,000$1,860,000
54$2,056,530$1,957,950$1,929,120$2,196,022
55$2,216,167$2,003,761$1,943,617$2,335,330
56$2,390,508$2,050,237$1,957,020$2,481,511
57$2,581,003$2,097,362$1,969,243$2,640,380
58$2,789,249$2,145,115$1,980,196$2,813,187
59$3,017,002$2,193,476$1,989,782$3,001,307
60$3,266,199$2,242,419$1,997,903$3,206,255
61$3,538,969$2,291,916$2,004,451$3,429,700
62$3,837,661$2,341,936$2,009,316$3,673,481
63$4,164,857$2,392,446$2,012,383$3,939,624
64$4,523,403$2,443,407$2,013,529$4,230,362
65$4,916,433$2,494,777$2,012,625$4,548,153
66$5,347,400$2,546,511$2,009,538$4,895,708
67$5,820,104$2,598,559$2,004,127$5,276,013
68$6,338,732$2,650,866$1,996,243$5,692,358
69$6,907,898$2,703,374$1,985,732$6,148,369
70$7,532,681$2,756,016$1,972,431$6,648,040
71$8,218,677$2,808,724$1,956,171$7,195,774
72$8,972,051$2,861,421$1,936,772$7,796,423
73$9,799,594$2,914,024$1,914,047$8,455,332
74$10,708,787$2,966,445$1,887,802$9,178,393
75$11,707,871$3,018,589$1,857,831$9,972,098
76$12,805,925$3,070,351$1,823,920$10,843,602
77$14,012,952$3,121,621$1,785,844$11,800,788
78$15,339,972$3,172,280$1,743,369$12,852,345
79$16,799,126$3,222,198$1,696,248$14,007,849
80$18,403,789$3,271,238$1,644,225$15,277,853
81$20,168,699$3,319,252$1,587,030$16,673,984
82$22,110,093$3,366,082$1,524,382$18,209,060
83$24,245,861$3,411,559$1,455,988$19,897,203
84$26,595,715$3,455,501$1,381,539$21,753,979
85$29,181,372$3,497,715$1,300,715$23,796,542
86$32,026,762$3,537,993$1,213,179$26,043,795
87$35,158,253$3,576,115$1,118,581$28,516,572
88$38,604,895$3,611,845$1,016,554$31,237,833
89$42,398,700$3,644,932$906,715$34,232,881
90$46,574,941$3,675,107$788,663$37,529,602
91$51,172,483$3,702,085$661,981$41,158,726
92$56,234,152$3,725,563$526,233$45,154,123
93$61,807,136$3,745,216$380,962$49,553,116
94$67,943,433$3,760,701$225,694$54,396,841
95$74,700,339$3,771,652$59,931$59,730,628
96$82,140,991$3,777,679$0$65,604,437
97$90,334,957$3,778,371$0$72,094,541
98$99,358,898$3,773,287$0$79,253,381
99$109,297,290$3,761,962$0$87,137,045
100$120,243,216$3,743,901$0$95,819,334