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%18.3%
1 years$156,074$154,684$153,328$152,004$150,711$145,654
2 years$77,265$75,826$74,431$73,079$71,767$66,722
3 years$50,998$49,553$48,162$46,822$45,532$40,657
4 years$37,867$36,427$35,049$33,733$32,474$27,807
5 years$29,991$28,559$27,200$25,910$24,686$20,239
6 years$24,742$23,320$21,981$20,720$19,533$15,310
7 years$20,994$19,585$18,267$17,035$15,886$11,886
8 years$18,184$16,788$15,492$14,291$13,179$9,399
9 years$16,000$14,617$13,343$12,172$11,098$7,534
10 years$14,254$12,884$11,633$10,493$9,456$6,102
11 years$12,826$11,470$10,241$9,132$8,133$4,981
12 years$11,637$10,295$9,089$8,010$7,048$4,092
13 years$10,632$9,303$8,120$7,071$6,146$3,379
14 years$9,771$8,456$7,296$6,277$5,387$2,801
15 years$9,025$7,725$6,587$5,598$4,743$2,330
16 years$8,373$7,088$5,972$5,013$4,192$1,943
17 years$7,799$6,527$5,435$4,504$3,717$1,625
18 years$7,289$6,032$4,961$4,059$3,305$1,360
19 years$6,833$5,590$4,542$3,667$2,946$1,141
20 years$6,424$5,195$4,168$3,322$2,631$958
21 years$6,053$4,839$3,834$3,015$2,355$805
22 years$5,717$4,517$3,534$2,741$2,111$678
23 years$5,411$4,224$3,263$2,496$1,895$571
24 years$5,130$3,958$3,017$2,277$1,703$481
25 years$4,873$3,714$2,795$2,079$1,532$405
26 years$4,635$3,491$2,592$1,901$1,380$342
27 years$4,416$3,285$2,407$1,740$1,245$288
28 years$4,212$3,096$2,237$1,594$1,123$243
29 years$4,023$2,920$2,082$1,462$1,014$205
30 years$3,847$2,758$1,939$1,342$916$173
31 years$3,683$2,607$1,808$1,232$828$146
32 years$3,529$2,467$1,687$1,133$749$124
33 years$3,385$2,336$1,575$1,041$678$104
34 years$3,249$2,214$1,472$958$614$88
35 years$3,122$2,100$1,376$882$556$75
36 years$3,002$1,993$1,287$812$504$63
37 years$2,888$1,893$1,205$749$457$53
38 years$2,781$1,799$1,128$690$414$45
39 years$2,680$1,711$1,057$636$375$38
40 years$2,584$1,628$991$587$341$32
41 years$2,493$1,550$929$541$309$27
42 years$2,406$1,476$871$500$280$23
43 years$2,324$1,406$818$461$254$19
44 years$2,246$1,340$768$426$231$16
45 years$2,171$1,278$721$393$210$14
46 years$2,100$1,219$677$363$190$12
47 years$2,032$1,164$636$336$173$10
48 years$1,967$1,111$598$310$157$8
49 years$1,905$1,061$562$287$143$7
50 years$1,845$1,013$528$265$129$6

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 $3,929 every year, while hoping to spend $29,330 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: 58/33/9 Blend
53$1,890,000$1,890,000$1,890,000$1,890,000
54$2,086,833$1,986,663$1,957,368$2,203,290
55$2,268,483$2,052,802$1,991,733$2,348,248
56$2,467,678$2,121,200$2,026,266$2,502,532
57$2,686,177$2,191,935$2,060,942$2,669,979
58$2,925,918$2,265,090$2,095,734$2,851,854
59$3,189,033$2,340,750$2,130,612$3,049,546
60$3,477,872$2,419,006$2,165,546$3,264,587
61$3,795,026$2,499,947$2,200,502$3,498,660
62$4,143,345$2,583,671$2,235,446$3,753,618
63$4,525,971$2,670,276$2,270,338$4,031,498
64$4,946,366$2,759,865$2,305,140$4,334,546
65$5,408,341$2,852,544$2,339,808$4,665,232
66$5,916,097$2,948,424$2,374,297$5,026,273
67$6,474,261$3,047,620$2,408,558$5,420,663
68$7,087,932$3,150,249$2,442,541$5,851,697
69$7,762,727$3,256,437$2,476,192$6,323,002
70$8,504,833$3,366,310$2,509,452$6,838,574
71$9,321,068$3,480,002$2,542,261$7,402,810
72$10,218,945$3,597,649$2,574,554$8,020,553
73$11,206,739$3,719,397$2,606,264$8,697,137
74$12,293,571$3,845,391$2,637,318$9,438,436
75$13,489,488$3,975,788$2,667,641$10,250,916
76$14,805,560$4,110,746$2,697,151$11,141,704
77$16,253,986$4,250,431$2,725,765$12,118,644
78$17,848,207$4,395,017$2,753,392$13,190,379
79$19,603,032$4,544,681$2,779,939$14,366,429
80$21,534,780$4,699,609$2,805,305$15,657,278
81$23,661,432$4,859,994$2,829,387$17,074,476
82$26,002,800$5,026,036$2,852,075$18,630,747
83$28,580,718$5,197,943$2,873,251$20,340,105
84$31,419,240$5,375,932$2,892,793$22,217,991
85$34,544,875$5,560,225$2,910,574$24,281,411
86$37,986,832$5,751,056$2,926,459$26,549,105
87$41,777,298$5,948,666$2,940,304$29,041,716
88$45,951,739$6,153,308$2,951,961$31,781,984
89$50,549,238$6,365,241$2,961,273$34,794,967
90$55,612,860$6,584,738$2,968,075$38,108,269
91$61,190,060$6,812,079$2,972,195$41,752,302
92$67,333,133$7,047,558$2,973,450$45,760,576
93$74,099,703$7,291,478$2,971,651$50,170,010
94$81,553,268$7,544,156$2,966,596$55,021,280
95$89,763,801$7,805,920$2,958,078$60,359,205
96$98,808,411$8,077,111$2,945,875$66,233,168
97$108,772,064$8,358,085$2,929,757$72,697,577
98$119,748,394$8,649,211$2,909,484$79,812,384
99$131,840,579$8,950,871$2,884,800$87,643,647
100$145,162,320$9,263,465$2,855,442$96,264,152