Can I retire at age 54 with 1,910,000?

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 $1,910,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.7%
1 years$157,726$156,321$154,950$153,612$152,306$146,379
2 years$78,082$76,628$75,219$73,852$72,527$66,627
3 years$51,538$50,077$48,671$47,318$46,014$40,327
4 years$38,268$36,812$35,420$34,090$32,818$27,387
5 years$30,308$28,861$27,488$26,184$24,947$19,787
6 years$25,004$23,567$22,214$20,940$19,740$14,853
7 years$21,216$19,792$18,460$17,216$16,054$11,439
8 years$18,377$16,965$15,656$14,442$13,318$8,971
9 years$16,169$14,771$13,484$12,301$11,216$7,129
10 years$14,405$13,020$11,756$10,604$9,557$5,723
11 years$12,962$11,591$10,350$9,228$8,219$4,630
12 years$11,760$10,404$9,185$8,095$7,122$3,768
13 years$10,744$9,402$8,206$7,146$6,211$3,082
14 years$9,874$8,546$7,373$6,344$5,444$2,530
15 years$9,121$7,807$6,657$5,657$4,794$2,084
16 years$8,462$7,163$6,036$5,066$4,237$1,720
17 years$7,882$6,597$5,492$4,551$3,756$1,423
18 years$7,366$6,095$5,014$4,102$3,340$1,179
19 years$6,906$5,649$4,590$3,706$2,977$979
20 years$6,491$5,250$4,212$3,357$2,659$813
21 years$6,117$4,890$3,874$3,046$2,380$676
22 years$5,778$4,564$3,571$2,770$2,133$563
23 years$5,468$4,269$3,297$2,523$1,915$469
24 years$5,185$4,000$3,049$2,301$1,721$390
25 years$4,924$3,754$2,824$2,101$1,549$325
26 years$4,684$3,528$2,619$1,921$1,395$271
27 years$4,463$3,320$2,432$1,759$1,258$226
28 years$4,257$3,128$2,261$1,611$1,135$189
29 years$4,066$2,951$2,104$1,478$1,025$158
30 years$3,888$2,787$1,960$1,356$926$132
31 years$3,722$2,635$1,827$1,245$837$110
32 years$3,566$2,493$1,705$1,145$757$92
33 years$3,421$2,361$1,592$1,052$685$77
34 years$3,284$2,238$1,487$968$620$64
35 years$3,155$2,122$1,391$891$562$53
36 years$3,034$2,014$1,301$821$509$45
37 years$2,919$1,913$1,218$756$461$37
38 years$2,811$1,818$1,140$697$418$31
39 years$2,708$1,729$1,068$643$379$26
40 years$2,611$1,645$1,001$593$344$22
41 years$2,519$1,566$939$547$312$18
42 years$2,432$1,491$881$505$283$15
43 years$2,349$1,421$826$466$257$13
44 years$2,269$1,354$776$430$233$11
45 years$2,194$1,292$728$397$212$9
46 years$2,122$1,232$684$367$192$7
47 years$2,053$1,176$643$339$175$6
48 years$1,988$1,122$604$313$159$5
49 years$1,925$1,072$568$290$144$4
50 years$1,865$1,024$534$268$131$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $1,910,000, adding $4,047 every year, while hoping to spend $33,449 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: 78/7/15 Blend
53$1,910,000$1,910,000$1,910,000$1,910,000
54$2,108,994$2,007,764$1,978,159$2,266,534
55$2,288,522$2,070,555$2,008,838$2,433,716
56$2,485,241$2,135,302$2,039,424$2,612,402
57$2,700,869$2,202,065$2,069,878$2,807,472
58$2,937,298$2,270,906$2,100,159$3,020,551
59$3,196,612$2,341,891$2,130,224$3,253,429
60$3,481,107$2,415,084$2,160,027$3,508,076
61$3,793,312$2,490,555$2,189,520$3,786,664
62$4,136,011$2,568,373$2,218,650$4,091,583
63$4,512,272$2,648,612$2,247,363$4,425,468
64$4,925,476$2,731,346$2,275,601$4,791,221
65$5,379,344$2,816,651$2,303,304$5,192,036
66$5,877,978$2,904,608$2,330,405$5,631,437
67$6,425,895$2,995,298$2,356,838$6,113,301
68$7,028,074$3,088,805$2,382,529$6,641,902
69$7,689,998$3,185,216$2,407,404$7,221,948
70$8,417,706$3,284,621$2,431,381$7,858,626
71$9,217,857$3,387,111$2,454,376$8,557,651
72$10,097,780$3,492,782$2,476,300$9,325,319
73$11,065,557$3,601,732$2,497,060$10,168,567
74$12,130,088$3,714,061$2,516,555$11,095,038
75$13,301,180$3,829,873$2,534,683$12,113,154
76$14,589,639$3,949,275$2,551,333$13,232,194
77$16,007,371$4,072,378$2,566,391$14,462,382
78$17,567,493$4,199,295$2,579,736$15,814,985
79$19,284,460$4,330,143$2,591,240$17,302,413
80$21,174,197$4,465,042$2,600,769$18,938,347
81$23,254,254$4,604,118$2,608,183$20,737,856
82$25,543,965$4,747,497$2,613,334$22,717,548
83$28,064,637$4,895,312$2,616,069$24,895,723
84$30,839,746$5,047,698$2,616,223$27,292,544
85$33,895,160$5,204,795$2,613,626$29,930,232
86$37,259,384$5,366,748$2,608,100$32,833,270
87$40,963,827$5,533,704$2,599,457$36,028,638
88$45,043,098$5,705,816$2,587,500$39,546,067
89$49,535,335$5,883,243$2,572,022$43,418,318
90$54,482,563$6,066,145$2,552,808$47,681,492
91$59,931,088$6,254,690$2,529,631$52,375,371
92$65,931,939$6,449,049$2,502,254$57,543,791
93$72,541,345$6,649,401$2,470,428$63,235,061
94$79,821,267$6,855,927$2,433,892$69,502,413
95$87,839,984$7,068,815$2,392,375$76,404,508
96$96,672,733$7,288,258$2,345,591$84,005,988
97$106,402,425$7,514,455$2,293,241$92,378,088
98$117,120,421$7,747,612$2,235,013$101,599,306
99$128,927,399$7,987,940$2,170,581$111,756,144
100$141,934,300$8,235,656$2,099,602$122,943,929