Can I retire at age 54 with 1,880,000?

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 $1,880,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.6%
1 years$155,249$153,866$152,517$151,200$149,914$146,468
2 years$76,856$75,424$74,037$72,692$71,388$67,935
3 years$50,728$49,291$47,907$46,575$45,291$41,940
4 years$37,667$36,234$34,864$33,554$32,302$29,078
5 years$29,832$28,408$27,056$25,773$24,556$21,467
6 years$24,611$23,197$21,865$20,611$19,430$16,481
7 years$20,883$19,481$18,170$16,945$15,802$12,992
8 years$18,088$16,699$15,410$14,215$13,109$10,438
9 years$15,915$14,539$13,272$12,108$11,040$8,505
10 years$14,178$12,816$11,571$10,437$9,406$7,005
11 years$12,758$11,409$10,187$9,084$8,090$5,819
12 years$11,575$10,240$9,041$7,967$7,010$4,867
13 years$10,575$9,254$8,077$7,034$6,113$4,092
14 years$9,719$8,412$7,257$6,244$5,359$3,457
15 years$8,977$7,684$6,553$5,569$4,718$2,930
16 years$8,329$7,050$5,941$4,986$4,170$2,492
17 years$7,758$6,493$5,406$4,480$3,697$2,124
18 years$7,250$6,000$4,935$4,037$3,288$1,815
19 years$6,797$5,560$4,518$3,648$2,930$1,553
20 years$6,390$5,167$4,146$3,304$2,617$1,331
21 years$6,021$4,813$3,814$2,999$2,342$1,143
22 years$5,687$4,493$3,515$2,726$2,100$982
23 years$5,382$4,202$3,245$2,483$1,885$845
24 years$5,103$3,937$3,001$2,265$1,694$727
25 years$4,847$3,695$2,780$2,068$1,524$626
26 years$4,611$3,472$2,578$1,891$1,373$540
27 years$4,392$3,268$2,394$1,731$1,238$465
28 years$4,190$3,079$2,226$1,586$1,117$401
29 years$4,002$2,905$2,071$1,454$1,009$346
30 years$3,827$2,743$1,929$1,335$911$299
31 years$3,663$2,593$1,799$1,226$824$258
32 years$3,510$2,454$1,678$1,127$745$223
33 years$3,367$2,324$1,567$1,036$675$193
34 years$3,232$2,203$1,464$953$611$167
35 years$3,105$2,089$1,369$877$553$144
36 years$2,986$1,983$1,280$808$501$124
37 years$2,873$1,883$1,198$745$454$108
38 years$2,767$1,790$1,122$686$412$93
39 years$2,666$1,702$1,051$633$373$80
40 years$2,570$1,619$985$584$339$69
41 years$2,480$1,541$924$538$307$60
42 years$2,394$1,468$867$497$279$52
43 years$2,312$1,399$813$459$253$45
44 years$2,234$1,333$764$424$230$39
45 years$2,159$1,271$717$391$209$34
46 years$2,089$1,213$673$361$189$29
47 years$2,021$1,157$633$334$172$25
48 years$1,956$1,105$594$308$156$22
49 years$1,895$1,055$559$285$142$19
50 years$1,836$1,008$525$264$129$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $1,880,000, adding $6,846 every year, while hoping to spend $59,778 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: 60/10/30 Blend
53$1,880,000$1,880,000$1,880,000$1,880,000
54$2,078,822$1,979,182$1,950,042$2,186,206
55$2,227,258$2,012,558$1,951,765$2,293,768
56$2,388,832$2,045,567$1,951,542$2,404,147
57$2,564,819$2,078,126$1,949,245$2,523,371
58$2,756,625$2,110,149$1,944,740$2,652,318
59$2,965,797$2,141,542$1,937,885$2,791,957
60$3,194,036$2,172,206$1,928,531$2,943,358
61$3,443,216$2,202,032$1,916,526$3,107,701
62$3,715,399$2,230,907$1,901,704$3,286,285
63$4,012,856$2,258,707$1,883,897$3,480,548
64$4,338,085$2,285,302$1,862,926$3,692,073
65$4,693,839$2,310,551$1,838,603$3,922,607
66$5,083,148$2,334,305$1,810,734$4,174,077
67$5,509,349$2,356,405$1,779,113$4,448,609
68$5,976,115$2,376,682$1,743,525$4,748,550
69$6,487,493$2,394,953$1,703,748$5,076,485
70$7,047,938$2,411,027$1,659,544$5,435,268
71$7,662,359$2,424,699$1,610,670$5,828,046
72$8,336,160$2,435,749$1,556,868$6,258,292
73$9,075,294$2,443,947$1,497,869$6,729,833
74$9,886,318$2,449,044$1,433,392$7,246,892
75$10,776,455$2,450,780$1,363,143$7,814,127
76$11,753,661$2,448,876$1,286,816$8,436,675
77$12,826,699$2,443,035$1,204,088$9,120,198
78$14,005,223$2,432,945$1,114,626$9,870,943
79$15,299,868$2,418,271$1,018,078$10,695,800
80$16,722,349$2,398,661$914,078$11,602,363
81$18,285,573$2,373,740$802,244$12,599,010
82$20,003,758$2,343,110$682,176$13,694,976
83$21,892,570$2,306,350$553,458$14,900,445
84$23,969,265$2,263,015$415,652$16,226,647
85$26,252,859$2,212,632$268,305$17,685,964
86$28,764,300$2,154,700$110,942$19,292,048
87$31,526,667$2,088,689$0$21,059,950
88$34,565,390$2,014,038$0$23,024,509
89$37,908,488$1,930,154$0$25,224,862
90$41,586,831$1,836,409$0$27,645,803
91$45,634,433$1,732,138$0$30,309,752
92$50,088,771$1,616,638$0$33,241,414
93$54,991,140$1,489,168$0$36,468,012
94$60,387,040$1,348,941$0$40,019,548
95$66,326,606$1,195,127$0$43,929,083
96$72,865,081$1,026,848$0$48,233,050
97$80,063,334$843,179$0$52,971,597
98$87,988,439$643,140$0$58,188,968
99$96,714,302$425,696$0$63,933,920
100$106,322,360$189,754$0$70,260,184