Can I retire at age 54 with 1,870,000?

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 $1,870,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.4%
1 years$154,423$153,047$151,705$150,395$149,116$144,633
2 years$76,447$75,023$73,643$72,306$71,008$66,528
3 years$50,458$49,028$47,652$46,327$45,050$40,716
4 years$37,467$36,041$34,679$33,376$32,130$27,973
5 years$29,674$28,257$26,912$25,636$24,425$20,457
6 years$24,480$23,074$21,749$20,501$19,327$15,552
7 years$20,772$19,377$18,073$16,855$15,718$12,135
8 years$17,992$16,610$15,328$14,139$13,039$9,647
9 years$15,831$14,462$13,202$12,044$10,981$7,776
10 years$14,103$12,747$11,510$10,382$9,356$6,333
11 years$12,690$11,348$10,133$9,035$8,047$5,201
12 years$11,514$10,186$8,993$7,925$6,973$4,298
13 years$10,519$9,205$8,034$6,997$6,081$3,571
14 years$9,667$8,367$7,219$6,211$5,330$2,979
15 years$8,930$7,643$6,518$5,539$4,693$2,494
16 years$8,285$7,013$5,909$4,960$4,148$2,093
17 years$7,716$6,458$5,377$4,456$3,678$1,761
18 years$7,212$5,968$4,909$4,016$3,270$1,485
19 years$6,761$5,531$4,494$3,629$2,915$1,254
20 years$6,356$5,140$4,124$3,286$2,604$1,060
21 years$5,989$4,787$3,793$2,983$2,330$897
22 years$5,657$4,469$3,496$2,712$2,088$760
23 years$5,354$4,180$3,228$2,470$1,875$645
24 years$5,076$3,916$2,985$2,253$1,685$547
25 years$4,821$3,675$2,765$2,057$1,516$465
26 years$4,586$3,454$2,564$1,881$1,366$395
27 years$4,369$3,251$2,381$1,722$1,231$335
28 years$4,168$3,063$2,214$1,577$1,111$285
29 years$3,981$2,890$2,060$1,447$1,003$242
30 years$3,807$2,729$1,919$1,328$907$206
31 years$3,644$2,580$1,789$1,219$820$175
32 years$3,492$2,441$1,669$1,121$741$149
33 years$3,349$2,312$1,558$1,030$671$127
34 years$3,215$2,191$1,456$948$607$108
35 years$3,089$2,078$1,361$873$550$92
36 years$2,970$1,972$1,274$804$499$78
37 years$2,858$1,873$1,192$741$452$67
38 years$2,752$1,780$1,116$683$410$57
39 years$2,652$1,693$1,046$629$371$48
40 years$2,557$1,611$980$581$337$41
41 years$2,466$1,533$919$536$306$35
42 years$2,381$1,460$862$494$277$30
43 years$2,299$1,391$809$456$252$25
44 years$2,222$1,326$759$421$228$22
45 years$2,148$1,265$713$389$207$18
46 years$2,078$1,206$670$359$188$16
47 years$2,010$1,151$629$332$171$13
48 years$1,946$1,099$591$307$155$11
49 years$1,885$1,049$556$284$141$10
50 years$1,826$1,002$523$262$128$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $1,870,000, adding $4,765 every year, while hoping to spend $31,976 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: 70/8/22 Blend
53$1,870,000$1,870,000$1,870,000$1,870,000
54$2,065,655$1,966,545$1,937,560$2,198,615
55$2,242,330$2,028,884$1,968,446$2,350,376
56$2,435,953$2,093,205$1,999,295$2,512,238
57$2,648,221$2,159,573$2,030,072$2,688,640
58$2,881,000$2,228,052$2,060,740$2,881,020
59$3,136,346$2,298,711$2,091,259$3,090,960
60$3,416,525$2,371,618$2,121,587$3,320,204
61$3,724,030$2,446,847$2,151,680$3,570,672
62$4,061,609$2,524,471$2,181,489$3,844,480
63$4,432,290$2,604,567$2,210,966$4,143,957
64$4,839,407$2,687,215$2,240,057$4,471,671
65$5,286,634$2,772,495$2,268,706$4,830,449
66$5,778,016$2,860,492$2,296,853$5,223,406
67$6,318,011$2,951,295$2,324,435$5,653,975
68$6,911,531$3,044,991$2,351,387$6,125,936
69$7,563,987$3,141,675$2,377,637$6,643,455
70$8,281,338$3,241,441$2,403,113$7,211,121
71$9,070,153$3,344,390$2,427,736$7,833,992
72$9,937,666$3,450,623$2,451,423$8,517,638
73$10,891,850$3,560,246$2,474,087$9,268,199
74$11,941,488$3,673,367$2,495,639$10,092,438
75$13,096,257$3,790,100$2,515,980$10,997,808
76$14,366,820$3,910,559$2,535,010$11,992,520
77$15,764,925$4,034,866$2,552,622$13,085,625
78$17,303,516$4,163,143$2,568,703$14,287,091
79$18,996,856$4,295,519$2,583,137$15,607,905
80$20,860,661$4,432,125$2,595,797$17,060,173
81$22,912,248$4,573,098$2,606,555$18,657,236
82$25,170,695$4,718,578$2,615,273$20,413,792
83$27,657,028$4,868,710$2,621,807$22,346,038
84$30,394,414$5,023,646$2,626,006$24,471,826
85$33,408,378$5,183,538$2,627,711$26,810,821
86$36,727,049$5,348,548$2,626,756$29,384,699
87$40,381,422$5,518,841$2,622,966$32,217,344
88$44,405,649$5,694,586$2,616,158$35,335,072
89$48,837,366$5,875,961$2,606,139$38,766,888
90$53,718,041$6,063,147$2,592,709$42,544,750
91$59,093,371$6,256,332$2,575,655$46,703,877
92$65,013,713$6,455,709$2,554,757$51,283,079
93$71,534,552$6,661,480$2,529,783$56,325,124
94$78,717,035$6,873,851$2,500,489$61,877,141
95$86,628,539$7,093,036$2,466,621$67,991,066
96$95,343,311$7,319,256$2,427,914$74,724,130
97$104,943,167$7,552,738$2,384,088$82,139,405
98$115,518,266$7,793,718$2,334,851$90,306,390
99$127,167,959$8,042,440$2,279,898$99,301,677
100$140,001,725$8,299,154$2,218,908$109,209,668