Can I retire at age 54 with 1,890,000?

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 $1,890,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.8%
1 years$156,074$154,684$153,328$152,004$150,711$144,789
2 years$77,265$75,826$74,431$73,079$71,767$65,873
3 years$50,998$49,553$48,162$46,822$45,532$39,852
4 years$37,867$36,427$35,049$33,733$32,474$27,050
5 years$29,991$28,559$27,200$25,910$24,686$19,533
6 years$24,742$23,320$21,981$20,720$19,533$14,655
7 years$20,994$19,585$18,267$17,035$15,886$11,280
8 years$18,184$16,788$15,492$14,291$13,179$8,841
9 years$16,000$14,617$13,343$12,172$11,098$7,022
10 years$14,254$12,884$11,633$10,493$9,456$5,633
11 years$12,826$11,470$10,241$9,132$8,133$4,554
12 years$11,637$10,295$9,089$8,010$7,048$3,704
13 years$10,632$9,303$8,120$7,071$6,146$3,027
14 years$9,771$8,456$7,296$6,277$5,387$2,484
15 years$9,025$7,725$6,587$5,598$4,743$2,044
16 years$8,373$7,088$5,972$5,013$4,192$1,686
17 years$7,799$6,527$5,435$4,504$3,717$1,394
18 years$7,289$6,032$4,961$4,059$3,305$1,154
19 years$6,833$5,590$4,542$3,667$2,946$957
20 years$6,424$5,195$4,168$3,322$2,631$795
21 years$6,053$4,839$3,834$3,015$2,355$660
22 years$5,717$4,517$3,534$2,741$2,111$549
23 years$5,411$4,224$3,263$2,496$1,895$457
24 years$5,130$3,958$3,017$2,277$1,703$380
25 years$4,873$3,714$2,795$2,079$1,532$317
26 years$4,635$3,491$2,592$1,901$1,380$264
27 years$4,416$3,285$2,407$1,740$1,245$220
28 years$4,212$3,096$2,237$1,594$1,123$183
29 years$4,023$2,920$2,082$1,462$1,014$153
30 years$3,847$2,758$1,939$1,342$916$128
31 years$3,683$2,607$1,808$1,232$828$106
32 years$3,529$2,467$1,687$1,133$749$89
33 years$3,385$2,336$1,575$1,041$678$74
34 years$3,249$2,214$1,472$958$614$62
35 years$3,122$2,100$1,376$882$556$52
36 years$3,002$1,993$1,287$812$504$43
37 years$2,888$1,893$1,205$749$457$36
38 years$2,781$1,799$1,128$690$414$30
39 years$2,680$1,711$1,057$636$375$25
40 years$2,584$1,628$991$587$341$21
41 years$2,493$1,550$929$541$309$17
42 years$2,406$1,476$871$500$280$15
43 years$2,324$1,406$818$461$254$12
44 years$2,246$1,340$768$426$231$10
45 years$2,171$1,278$721$393$210$8
46 years$2,100$1,219$677$363$190$7
47 years$2,032$1,164$636$336$173$6
48 years$1,967$1,111$598$310$157$5
49 years$1,905$1,061$562$287$143$4
50 years$1,845$1,013$528$265$129$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $1,890,000, adding $3,594 every year, while hoping to spend $58,150 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: 63/12/25 Blend
53$1,890,000$1,890,000$1,890,000$1,890,000
54$2,086,487$1,986,317$1,957,022$2,203,957
55$2,237,438$2,021,776$1,960,711$2,319,321
56$2,401,836$2,057,023$1,962,575$2,438,528
57$2,580,993$2,091,986$1,962,491$2,567,447
58$2,776,350$2,126,589$1,960,330$2,707,036
59$2,989,495$2,160,749$1,955,958$2,858,352
60$3,222,174$2,194,377$1,949,233$3,022,561
61$3,476,311$2,227,376$1,940,007$3,200,946
62$3,754,022$2,259,644$1,928,125$3,394,926
63$4,057,637$2,291,073$1,913,423$3,606,062
64$4,389,724$2,321,543$1,895,730$3,836,077
65$4,753,108$2,350,930$1,874,869$4,086,871
66$5,150,899$2,379,100$1,850,651$4,360,539
67$5,586,523$2,405,908$1,822,880$4,659,390
68$6,063,753$2,431,202$1,791,351$4,985,971
69$6,586,744$2,454,819$1,755,850$5,343,092
70$7,160,071$2,476,585$1,716,150$5,733,849
71$7,788,775$2,496,314$1,672,017$6,161,657
72$8,478,405$2,513,808$1,623,205$6,630,281
73$9,235,075$2,528,858$1,569,455$7,143,873
74$10,065,519$2,541,239$1,510,499$7,707,011
75$10,977,156$2,550,713$1,446,054$8,324,741
76$11,978,155$2,557,028$1,375,827$9,002,630
77$13,077,519$2,559,913$1,299,509$9,746,812
78$14,285,162$2,559,085$1,216,778$10,564,052
79$15,612,006$2,554,238$1,127,298$11,461,811
80$17,070,087$2,545,052$1,030,719$12,448,310
81$18,672,660$2,531,183$926,672$13,532,615
82$20,434,330$2,512,270$814,774$14,724,723
83$22,371,188$2,487,928$694,625$16,035,651
84$24,500,960$2,457,748$565,806$17,477,549
85$26,843,179$2,421,298$427,882$19,063,810
86$29,419,363$2,378,121$280,395$20,809,197
87$32,253,219$2,327,731$122,870$22,729,987
88$35,370,872$2,269,613$0$24,844,123
89$38,801,101$2,203,225$0$27,183,451
90$42,575,619$2,127,989$0$29,793,471
91$46,729,368$2,043,296$0$32,665,554
92$51,300,846$1,948,500$0$35,826,345
93$56,332,476$1,842,920$0$39,305,209
94$61,870,998$1,725,833$0$43,134,506
95$67,967,917$1,596,475$0$47,349,894
96$74,679,983$1,454,041$0$51,990,671
97$82,069,729$1,297,677$0$57,100,143
98$90,206,059$1,126,481$0$62,726,032
99$99,164,899$939,500$0$68,920,929
100$109,029,912$735,730$0$75,742,790