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

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 $1,880,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.5%
1 years$155,249$153,866$152,517$151,200$149,914$146,528
2 years$76,856$75,424$74,037$72,692$71,388$67,994
3 years$50,728$49,291$47,907$46,575$45,291$41,997
4 years$37,667$36,234$34,864$33,554$32,302$29,132
5 years$29,832$28,408$27,056$25,773$24,556$21,518
6 years$24,611$23,197$21,865$20,611$19,430$16,529
7 years$20,883$19,481$18,170$16,945$15,802$13,037
8 years$18,088$16,699$15,410$14,215$13,109$10,480
9 years$15,915$14,539$13,272$12,108$11,040$8,545
10 years$14,178$12,816$11,571$10,437$9,406$7,043
11 years$12,758$11,409$10,187$9,084$8,090$5,854
12 years$11,575$10,240$9,041$7,967$7,010$4,899
13 years$10,575$9,254$8,077$7,034$6,113$4,122
14 years$9,719$8,412$7,257$6,244$5,359$3,484
15 years$8,977$7,684$6,553$5,569$4,718$2,956
16 years$8,329$7,050$5,941$4,986$4,170$2,515
17 years$7,758$6,493$5,406$4,480$3,697$2,146
18 years$7,250$6,000$4,935$4,037$3,288$1,834
19 years$6,797$5,560$4,518$3,648$2,930$1,571
20 years$6,390$5,167$4,146$3,304$2,617$1,348
21 years$6,021$4,813$3,814$2,999$2,342$1,158
22 years$5,687$4,493$3,515$2,726$2,100$996
23 years$5,382$4,202$3,245$2,483$1,885$857
24 years$5,103$3,937$3,001$2,265$1,694$738
25 years$4,847$3,695$2,780$2,068$1,524$636
26 years$4,611$3,472$2,578$1,891$1,373$549
27 years$4,392$3,268$2,394$1,731$1,238$474
28 years$4,190$3,079$2,226$1,586$1,117$409
29 years$4,002$2,905$2,071$1,454$1,009$353
30 years$3,827$2,743$1,929$1,335$911$305
31 years$3,663$2,593$1,799$1,226$824$264
32 years$3,510$2,454$1,678$1,127$745$228
33 years$3,367$2,324$1,567$1,036$675$197
34 years$3,232$2,203$1,464$953$611$170
35 years$3,105$2,089$1,369$877$553$147
36 years$2,986$1,983$1,280$808$501$128
37 years$2,873$1,883$1,198$745$454$110
38 years$2,767$1,790$1,122$686$412$95
39 years$2,666$1,702$1,051$633$373$83
40 years$2,570$1,619$985$584$339$72
41 years$2,480$1,541$924$538$307$62
42 years$2,394$1,468$867$497$279$54
43 years$2,312$1,399$813$459$253$46
44 years$2,234$1,333$764$424$230$40
45 years$2,159$1,271$717$391$209$35
46 years$2,089$1,213$673$361$189$30
47 years$2,021$1,157$633$334$172$26
48 years$1,956$1,105$594$308$156$23
49 years$1,895$1,055$559$285$142$20
50 years$1,836$1,008$525$264$129$17

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 $6,125 every year, while hoping to spend $20,163 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: 73/14/13 Blend
53$1,880,000$1,880,000$1,880,000$1,880,000
54$2,078,078$1,978,438$1,949,298$2,223,641
55$2,268,589$2,053,928$1,993,146$2,396,256
56$2,477,856$2,132,442$2,037,787$2,582,189
57$2,707,771$2,214,105$2,083,227$2,785,304
58$2,960,418$2,299,051$2,129,470$3,007,299
59$3,238,094$2,387,418$2,176,521$3,250,041
60$3,543,328$2,479,349$2,224,382$3,515,586
61$3,878,906$2,574,997$2,273,058$3,806,200
62$4,247,900$2,674,516$2,322,551$4,124,375
63$4,653,691$2,778,073$2,372,861$4,472,857
64$5,100,007$2,885,838$2,423,992$4,854,671
65$5,590,953$2,997,990$2,475,941$5,273,145
66$6,131,055$3,114,716$2,528,710$5,731,946
67$6,725,297$3,236,211$2,582,295$6,235,113
68$7,379,170$3,362,679$2,636,696$6,787,094
69$8,098,728$3,494,332$2,691,907$7,392,789
70$8,890,637$3,631,393$2,747,925$8,057,592
71$9,762,245$3,774,094$2,804,743$8,787,449
72$10,721,646$3,922,678$2,862,355$9,588,906
73$11,777,762$4,077,397$2,920,752$10,469,175
74$12,940,421$4,238,516$2,979,924$11,436,200
75$14,220,452$4,406,312$3,039,860$12,498,734
76$15,629,791$4,581,074$3,100,547$13,666,417
77$17,181,585$4,763,102$3,161,972$14,949,870
78$18,890,326$4,952,713$3,224,117$16,360,794
79$20,771,979$5,150,236$3,286,964$17,912,079
80$22,844,138$5,356,015$3,350,495$19,617,927
81$25,126,190$5,570,410$3,414,687$21,493,982
82$27,639,498$5,793,796$3,479,515$23,557,484
83$30,407,602$6,026,567$3,544,954$25,827,424
84$33,456,442$6,269,134$3,610,975$28,324,725
85$36,814,603$6,521,925$3,677,546$31,072,442
86$40,513,583$6,785,389$3,744,634$34,095,976
87$44,588,091$7,059,996$3,812,201$37,423,313
88$49,076,375$7,346,235$3,880,210$41,085,289
89$54,020,584$7,644,619$3,948,616$45,115,880
90$59,467,163$7,955,685$4,017,373$49,552,522
91$65,467,292$8,279,992$4,086,434$54,436,464
92$72,077,370$8,618,125$4,155,743$59,813,154
93$79,359,547$8,970,699$4,225,246$65,732,674
94$87,382,310$9,338,352$4,294,881$72,250,203
95$96,221,130$9,721,756$4,364,584$79,426,546
96$105,959,172$10,121,609$4,434,285$87,328,699
97$116,688,085$10,538,646$4,503,911$96,030,487
98$128,508,861$10,973,631$4,573,383$105,613,258
99$141,532,792$11,427,365$4,642,618$116,166,646
100$155,882,519$11,900,688$4,711,528$127,789,425