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%19.6%
1 years$155,249$153,866$152,517$151,200$149,914$144,137
2 years$76,856$75,424$74,037$72,692$71,388$65,636
3 years$50,728$49,291$47,907$46,575$45,291$39,746
4 years$37,667$36,234$34,864$33,554$32,302$27,006
5 years$29,832$28,408$27,056$25,773$24,556$19,522
6 years$24,611$23,197$21,865$20,611$19,430$14,662
7 years$20,883$19,481$18,170$16,945$15,802$11,298
8 years$18,088$16,699$15,410$14,215$13,109$8,866
9 years$15,915$14,539$13,272$12,108$11,040$7,050
10 years$14,178$12,816$11,571$10,437$9,406$5,663
11 years$12,758$11,409$10,187$9,084$8,090$4,585
12 years$11,575$10,240$9,041$7,967$7,010$3,734
13 years$10,575$9,254$8,077$7,034$6,113$3,056
14 years$9,719$8,412$7,257$6,244$5,359$2,511
15 years$8,977$7,684$6,553$5,569$4,718$2,069
16 years$8,329$7,050$5,941$4,986$4,170$1,709
17 years$7,758$6,493$5,406$4,480$3,697$1,415
18 years$7,250$6,000$4,935$4,037$3,288$1,174
19 years$6,797$5,560$4,518$3,648$2,930$975
20 years$6,390$5,167$4,146$3,304$2,617$810
21 years$6,021$4,813$3,814$2,999$2,342$674
22 years$5,687$4,493$3,515$2,726$2,100$562
23 years$5,382$4,202$3,245$2,483$1,885$468
24 years$5,103$3,937$3,001$2,265$1,694$390
25 years$4,847$3,695$2,780$2,068$1,524$326
26 years$4,611$3,472$2,578$1,891$1,373$272
27 years$4,392$3,268$2,394$1,731$1,238$227
28 years$4,190$3,079$2,226$1,586$1,117$189
29 years$4,002$2,905$2,071$1,454$1,009$158
30 years$3,827$2,743$1,929$1,335$911$132
31 years$3,663$2,593$1,799$1,226$824$110
32 years$3,510$2,454$1,678$1,127$745$92
33 years$3,367$2,324$1,567$1,036$675$77
34 years$3,232$2,203$1,464$953$611$64
35 years$3,105$2,089$1,369$877$553$54
36 years$2,986$1,983$1,280$808$501$45
37 years$2,873$1,883$1,198$745$454$38
38 years$2,767$1,790$1,122$686$412$31
39 years$2,666$1,702$1,051$633$373$26
40 years$2,570$1,619$985$584$339$22
41 years$2,480$1,541$924$538$307$18
42 years$2,394$1,468$867$497$279$15
43 years$2,312$1,399$813$459$253$13
44 years$2,234$1,333$764$424$230$11
45 years$2,159$1,271$717$391$209$9
46 years$2,089$1,213$673$361$189$8
47 years$2,021$1,157$633$334$172$6
48 years$1,956$1,105$594$308$156$5
49 years$1,895$1,055$559$285$142$4
50 years$1,836$1,008$525$264$129$4

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 $2,888 every year, while hoping to spend $54,101 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: 53/29/18 Blend
53$1,880,000$1,880,000$1,880,000$1,880,000
54$2,074,739$1,975,099$1,945,959$2,174,402
55$2,228,799$2,014,316$1,953,586$2,282,230
56$2,396,761$2,053,641$1,959,654$2,393,556
57$2,579,983$2,093,023$1,964,056$2,513,508
58$2,779,966$2,132,405$1,966,676$2,642,921
59$2,998,356$2,171,727$1,967,394$2,782,717
60$3,236,970$2,210,923$1,966,083$2,933,914
61$3,497,805$2,249,922$1,962,611$3,097,633
62$3,783,061$2,288,648$1,956,838$3,275,109
63$4,095,160$2,327,019$1,948,619$3,467,705
64$4,436,770$2,364,946$1,937,801$3,676,923
65$4,810,826$2,402,334$1,924,223$3,904,421
66$5,220,564$2,439,082$1,907,718$4,152,024
67$5,669,545$2,475,080$1,888,110$4,421,749
68$6,161,691$2,510,211$1,865,214$4,715,815
69$6,701,322$2,544,350$1,838,837$5,036,672
70$7,293,196$2,577,363$1,808,778$5,387,021
71$7,942,554$2,609,106$1,774,824$5,769,840
72$8,655,169$2,639,426$1,736,754$6,188,412
73$9,437,398$2,668,160$1,694,338$6,646,359
74$10,296,245$2,695,133$1,647,331$7,147,674
75$11,239,426$2,720,159$1,595,481$7,696,759
76$12,275,441$2,743,039$1,538,522$8,298,468
77$13,413,651$2,763,563$1,476,178$8,958,155
78$14,664,370$2,781,505$1,408,157$9,681,722
79$16,038,963$2,796,626$1,334,157$10,475,675
80$17,549,948$2,808,671$1,253,862$11,347,191
81$19,211,116$2,817,369$1,166,939$12,304,181
82$21,037,661$2,822,432$1,073,044$13,355,368
83$23,046,325$2,823,553$971,813$14,510,369
84$25,255,552$2,820,409$862,871$15,779,788
85$27,685,663$2,812,654$745,821$17,175,315
86$30,359,047$2,799,920$620,253$18,709,841
87$33,300,375$2,781,821$485,736$20,397,574
88$36,536,825$2,757,943$341,821$22,254,183
89$40,098,348$2,727,849$188,038$24,296,938
90$44,017,942$2,691,075$23,899$26,544,880
91$48,331,965$2,647,131$0$29,019,003
92$53,080,480$2,595,495$0$31,771,499
93$58,307,632$2,535,617$0$34,805,616
94$64,062,061$2,466,913$0$38,144,988
95$70,397,363$2,388,764$0$41,820,733
96$77,372,598$2,300,517$0$45,867,142
97$85,052,839$2,201,478$0$50,322,012
98$93,509,794$2,090,916$0$55,227,002
99$102,822,478$1,968,056$0$60,628,025
100$113,077,959$1,832,079$0$66,575,682