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%17.1%
1 years$155,249$153,866$152,517$151,200$149,914$145,582
2 years$76,856$75,424$74,037$72,692$71,388$67,057
3 years$50,728$49,291$47,907$46,575$45,291$41,099
4 years$37,667$36,234$34,864$33,554$32,302$28,279
5 years$29,832$28,408$27,056$25,773$24,556$20,714
6 years$24,611$23,197$21,865$20,611$19,430$15,773
7 years$20,883$19,481$18,170$16,945$15,802$12,329
8 years$18,088$16,699$15,410$14,215$13,109$9,818
9 years$15,915$14,539$13,272$12,108$11,040$7,928
10 years$14,178$12,816$11,571$10,437$9,406$6,469
11 years$12,758$11,409$10,187$9,084$8,090$5,323
12 years$11,575$10,240$9,041$7,967$7,010$4,408
13 years$10,575$9,254$8,077$7,034$6,113$3,669
14 years$9,719$8,412$7,257$6,244$5,359$3,067
15 years$8,977$7,684$6,553$5,569$4,718$2,573
16 years$8,329$7,050$5,941$4,986$4,170$2,165
17 years$7,758$6,493$5,406$4,480$3,697$1,825
18 years$7,250$6,000$4,935$4,037$3,288$1,542
19 years$6,797$5,560$4,518$3,648$2,930$1,305
20 years$6,390$5,167$4,146$3,304$2,617$1,106
21 years$6,021$4,813$3,814$2,999$2,342$939
22 years$5,687$4,493$3,515$2,726$2,100$797
23 years$5,382$4,202$3,245$2,483$1,885$678
24 years$5,103$3,937$3,001$2,265$1,694$576
25 years$4,847$3,695$2,780$2,068$1,524$491
26 years$4,611$3,472$2,578$1,891$1,373$418
27 years$4,392$3,268$2,394$1,731$1,238$356
28 years$4,190$3,079$2,226$1,586$1,117$303
29 years$4,002$2,905$2,071$1,454$1,009$258
30 years$3,827$2,743$1,929$1,335$911$220
31 years$3,663$2,593$1,799$1,226$824$188
32 years$3,510$2,454$1,678$1,127$745$160
33 years$3,367$2,324$1,567$1,036$675$137
34 years$3,232$2,203$1,464$953$611$117
35 years$3,105$2,089$1,369$877$553$100
36 years$2,986$1,983$1,280$808$501$85
37 years$2,873$1,883$1,198$745$454$73
38 years$2,767$1,790$1,122$686$412$62
39 years$2,666$1,702$1,051$633$373$53
40 years$2,570$1,619$985$584$339$45
41 years$2,480$1,541$924$538$307$39
42 years$2,394$1,468$867$497$279$33
43 years$2,312$1,399$813$459$253$28
44 years$2,234$1,333$764$424$230$24
45 years$2,159$1,271$717$391$209$20
46 years$2,089$1,213$673$361$189$17
47 years$2,021$1,157$633$334$172$15
48 years$1,956$1,105$594$308$156$13
49 years$1,895$1,055$559$285$142$11
50 years$1,836$1,008$525$264$129$9

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 $5,084 every year, while hoping to spend $47,248 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: 45/34/21 Blend
53$1,880,000$1,880,000$1,880,000$1,880,000
54$2,077,004$1,977,364$1,948,224$2,157,701
55$2,238,587$2,023,983$1,963,218$2,261,575
56$2,415,068$2,071,304$1,977,131$2,369,099
57$2,607,916$2,119,309$1,989,876$2,484,734
58$2,818,750$2,167,982$2,001,364$2,609,256
59$3,049,352$2,217,302$2,011,498$2,743,522
60$3,301,681$2,267,245$2,020,179$2,888,475
61$3,577,900$2,317,787$2,027,302$3,045,152
62$3,880,385$2,368,898$2,032,756$3,214,700
63$4,211,756$2,420,546$2,036,425$3,398,381
64$4,574,897$2,472,695$2,038,188$3,597,586
65$4,972,986$2,525,306$2,037,916$3,813,849
66$5,409,520$2,578,335$2,035,476$4,048,861
67$5,888,353$2,631,736$2,030,726$4,304,484
68$6,413,730$2,685,456$2,023,520$4,582,774
69$6,990,325$2,739,438$2,013,703$4,885,995
70$7,623,288$2,793,620$2,001,112$5,216,644
71$8,318,292$2,847,937$1,985,578$5,577,473
72$9,081,586$2,902,313$1,966,923$5,971,516
73$9,920,052$2,956,671$1,944,959$6,402,119
74$10,841,275$3,010,925$1,919,493$6,872,969
75$11,853,607$3,064,983$1,890,318$7,388,132
76$12,966,253$3,118,745$1,857,222$7,952,089
77$14,189,352$3,172,105$1,819,980$8,569,784
78$15,534,074$3,224,946$1,778,357$9,246,662
79$17,012,726$3,277,144$1,732,108$9,988,730
80$18,638,866$3,328,567$1,680,976$10,802,608
81$20,427,435$3,379,071$1,624,693$11,695,596
82$22,394,891$3,428,503$1,562,978$12,675,740
83$24,559,369$3,476,699$1,495,537$13,751,912
84$26,940,850$3,523,482$1,422,062$14,933,890
85$29,561,349$3,568,665$1,342,234$16,232,456
86$32,445,124$3,612,047$1,255,717$17,659,495
87$35,618,902$3,653,414$1,162,159$19,228,108
88$39,112,134$3,692,534$1,061,195$20,952,739
89$42,957,269$3,729,165$952,442$22,849,310
90$47,190,061$3,763,046$835,500$24,935,371
91$51,849,910$3,793,898$709,951$27,230,272
92$56,980,227$3,821,425$575,361$29,755,339
93$62,628,848$3,845,312$431,273$32,534,085
94$68,848,481$3,865,224$277,212$35,592,425
95$75,697,210$3,880,803$112,682$38,958,926
96$83,239,034$3,891,671$0$42,665,080
97$91,544,475$3,897,423$0$46,759,693
98$100,691,247$3,897,632$0$51,294,792
99$110,764,980$3,891,841$0$56,287,405
100$121,860,035$3,879,569$0$61,784,152