Can I retire at age 54 with 1,900,000?

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 $1,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.9%
1 years$156,900$155,503$154,139$152,808$151,509$150,302
2 years$77,673$76,227$74,825$73,465$72,147$70,931
3 years$51,268$49,815$48,417$47,070$45,773$44,585
4 years$38,068$36,619$35,235$33,911$32,646$31,494
5 years$30,150$28,710$27,344$26,047$24,817$23,706
6 years$24,873$23,444$22,098$20,830$19,637$18,568
7 years$21,105$19,688$18,363$17,126$15,970$14,944
8 years$18,280$16,876$15,574$14,366$13,249$12,265
9 years$16,085$14,694$13,414$12,237$11,157$10,215
10 years$14,329$12,952$11,694$10,548$9,506$8,606
11 years$12,894$11,530$10,295$9,180$8,176$7,317
12 years$11,698$10,349$9,137$8,052$7,085$6,266
13 years$10,688$9,353$8,163$7,109$6,178$5,399
14 years$9,822$8,501$7,335$6,310$5,416$4,674
15 years$9,073$7,766$6,622$5,628$4,769$4,064
16 years$8,418$7,125$6,004$5,039$4,214$3,546
17 years$7,840$6,562$5,463$4,528$3,737$3,104
18 years$7,328$6,064$4,987$4,080$3,323$2,723
19 years$6,869$5,620$4,566$3,687$2,962$2,395
20 years$6,457$5,222$4,190$3,339$2,645$2,110
21 years$6,085$4,864$3,854$3,031$2,367$1,863
22 years$5,747$4,540$3,552$2,755$2,122$1,646
23 years$5,439$4,247$3,280$2,509$1,905$1,457
24 years$5,157$3,979$3,033$2,289$1,712$1,291
25 years$4,898$3,734$2,809$2,090$1,541$1,145
26 years$4,660$3,509$2,606$1,911$1,388$1,016
27 years$4,439$3,303$2,420$1,749$1,251$903
28 years$4,235$3,112$2,249$1,603$1,129$802
29 years$4,045$2,936$2,093$1,470$1,019$714
30 years$3,868$2,773$1,950$1,349$921$635
31 years$3,702$2,621$1,818$1,239$833$565
32 years$3,548$2,480$1,696$1,139$753$504
33 years$3,403$2,349$1,583$1,047$682$449
34 years$3,266$2,226$1,479$963$617$400
35 years$3,138$2,111$1,383$887$559$356
36 years$3,018$2,004$1,294$817$507$318
37 years$2,904$1,903$1,211$752$459$284
38 years$2,796$1,809$1,134$694$416$253
39 years$2,694$1,720$1,063$640$377$226
40 years$2,598$1,636$996$590$342$201
41 years$2,506$1,558$934$544$311$180
42 years$2,419$1,484$876$502$282$161
43 years$2,336$1,414$822$464$256$143
44 years$2,257$1,347$772$428$232$128
45 years$2,182$1,285$725$395$211$114
46 years$2,111$1,226$681$365$191$102
47 years$2,043$1,170$639$337$174$91
48 years$1,977$1,117$601$312$158$81
49 years$1,915$1,066$565$288$143$73
50 years$1,855$1,019$531$266$130$65

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $1,900,000, adding $6,866 every year, while hoping to spend $45,644 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: 60/23/17 Blend
53$1,900,000$1,900,000$1,900,000$1,900,000
54$2,100,882$2,000,182$1,970,732$2,217,382
55$2,266,607$2,049,626$1,988,187$2,346,305
56$2,447,707$2,099,963$2,004,697$2,481,213
57$2,645,700$2,151,189$2,020,181$2,627,329
58$2,862,261$2,203,297$2,034,557$2,785,744
59$3,099,233$2,256,279$2,047,735$2,957,659
60$3,358,643$2,310,126$2,059,623$3,144,397
61$3,642,727$2,364,824$2,070,123$3,347,415
62$3,953,945$2,420,361$2,079,132$3,568,319
63$4,295,007$2,476,717$2,086,542$3,808,876
64$4,668,896$2,533,875$2,092,240$4,071,036
65$5,078,899$2,591,811$2,096,106$4,356,946
66$5,528,637$2,650,500$2,098,016$4,668,971
67$6,022,097$2,709,913$2,097,837$5,009,718
68$6,563,669$2,770,017$2,095,434$5,382,058
69$7,158,193$2,830,777$2,090,660$5,789,157
70$7,810,996$2,892,153$2,083,365$6,234,502
71$8,527,950$2,954,100$2,073,390$6,721,935
72$9,315,520$3,016,570$2,060,567$7,255,692
73$10,180,830$3,079,509$2,044,723$7,840,440
74$11,131,728$3,142,859$2,025,675$8,481,320
75$12,176,861$3,206,555$2,003,232$9,184,002
76$13,325,752$3,270,528$1,977,191$9,954,731
77$14,588,896$3,334,701$1,947,344$10,800,390
78$15,977,854$3,398,992$1,913,471$11,728,566
79$17,505,364$3,463,312$1,875,341$12,747,619
80$19,185,459$3,527,562$1,832,714$13,866,762
81$21,033,603$3,591,640$1,785,336$15,096,150
82$23,066,831$3,655,430$1,732,945$16,446,974
83$25,303,913$3,718,812$1,675,265$17,931,567
84$27,765,533$3,781,655$1,612,007$19,563,523
85$30,474,477$3,843,816$1,542,869$21,357,822
86$33,455,855$3,905,144$1,467,536$23,330,973
87$36,737,332$3,965,476$1,385,679$25,501,173
88$40,349,393$4,024,637$1,296,952$27,888,475
89$44,325,627$4,082,440$1,200,996$30,514,980
90$48,703,045$4,138,684$1,097,433$33,405,047
91$53,522,431$4,193,155$985,872$36,585,520
92$58,828,722$4,245,622$865,902$40,085,986
93$64,671,435$4,295,841$737,093$43,939,049
94$71,105,133$4,343,549$598,998$48,180,647
95$78,189,941$4,388,467$451,148$52,850,384
96$85,992,110$4,430,297$293,057$57,991,908
97$94,584,644$4,468,720$124,213$63,653,323
98$104,047,989$4,503,399$0$69,887,646
99$114,470,789$4,533,971$0$76,763,457
100$125,950,728$4,560,054$0$84,359,702