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

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 $1,910,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.1%
1 years$157,726$156,321$154,950$153,612$152,306$149,721
2 years$78,082$76,628$75,219$73,852$72,527$69,931
3 years$51,538$50,077$48,671$47,318$46,014$43,487
4 years$38,268$36,812$35,420$34,090$32,818$30,380
5 years$30,308$28,861$27,488$26,184$24,947$22,606
6 years$25,004$23,567$22,214$20,940$19,740$17,497
7 years$21,216$19,792$18,460$17,216$16,054$13,910
8 years$18,377$16,965$15,656$14,442$13,318$11,273
9 years$16,169$14,771$13,484$12,301$11,216$9,268
10 years$14,405$13,020$11,756$10,604$9,557$7,705
11 years$12,962$11,591$10,350$9,228$8,219$6,461
12 years$11,760$10,404$9,185$8,095$7,122$5,457
13 years$10,744$9,402$8,206$7,146$6,211$4,634
14 years$9,874$8,546$7,373$6,344$5,444$3,954
15 years$9,121$7,807$6,657$5,657$4,794$3,387
16 years$8,462$7,163$6,036$5,066$4,237$2,911
17 years$7,882$6,597$5,492$4,551$3,756$2,508
18 years$7,366$6,095$5,014$4,102$3,340$2,167
19 years$6,906$5,649$4,590$3,706$2,977$1,875
20 years$6,491$5,250$4,212$3,357$2,659$1,626
21 years$6,117$4,890$3,874$3,046$2,380$1,411
22 years$5,778$4,564$3,571$2,770$2,133$1,227
23 years$5,468$4,269$3,297$2,523$1,915$1,067
24 years$5,185$4,000$3,049$2,301$1,721$930
25 years$4,924$3,754$2,824$2,101$1,549$810
26 years$4,684$3,528$2,619$1,921$1,395$707
27 years$4,463$3,320$2,432$1,759$1,258$617
28 years$4,257$3,128$2,261$1,611$1,135$539
29 years$4,066$2,951$2,104$1,478$1,025$471
30 years$3,888$2,787$1,960$1,356$926$411
31 years$3,722$2,635$1,827$1,245$837$360
32 years$3,566$2,493$1,705$1,145$757$315
33 years$3,421$2,361$1,592$1,052$685$275
34 years$3,284$2,238$1,487$968$620$241
35 years$3,155$2,122$1,391$891$562$211
36 years$3,034$2,014$1,301$821$509$185
37 years$2,919$1,913$1,218$756$461$162
38 years$2,811$1,818$1,140$697$418$141
39 years$2,708$1,729$1,068$643$379$124
40 years$2,611$1,645$1,001$593$344$108
41 years$2,519$1,566$939$547$312$95
42 years$2,432$1,491$881$505$283$83
43 years$2,349$1,421$826$466$257$73
44 years$2,269$1,354$776$430$233$64
45 years$2,194$1,292$728$397$212$56
46 years$2,122$1,232$684$367$192$49
47 years$2,053$1,176$643$339$175$43
48 years$1,988$1,122$604$313$159$38
49 years$1,925$1,072$568$290$144$33
50 years$1,865$1,024$534$268$131$29

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 $6,858 every year, while hoping to spend $46,231 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: 32/38/30 Blend
53$1,910,000$1,910,000$1,910,000$1,910,000
54$2,111,894$2,010,664$1,981,059$2,160,023
55$2,278,118$2,059,997$1,998,235$2,247,080
56$2,459,747$2,110,198$2,014,437$2,336,259
57$2,658,304$2,161,261$2,029,584$2,431,427
58$2,875,465$2,213,177$2,043,589$2,533,145
59$3,113,076$2,265,936$2,056,363$2,642,032
60$3,373,170$2,319,526$2,067,810$2,758,770
61$3,657,983$2,373,933$2,077,832$2,884,113
62$3,969,981$2,429,140$2,086,323$3,018,889
63$4,311,878$2,485,126$2,093,174$3,164,015
64$4,686,662$2,541,870$2,098,268$3,320,500
65$5,097,626$2,599,346$2,101,484$3,489,456
66$5,548,396$2,657,526$2,102,696$3,672,112
67$6,042,964$2,716,377$2,101,768$3,869,822
68$6,585,731$2,775,864$2,098,562$4,084,079
69$7,181,540$2,835,946$2,092,929$4,316,531
70$7,835,731$2,896,581$2,084,715$4,568,995
71$8,554,181$2,957,719$2,073,759$4,843,475
72$9,343,368$3,019,308$2,059,891$5,142,181
73$10,210,428$3,081,290$2,042,933$5,467,551
74$11,163,219$3,143,601$2,022,699$5,822,274
75$12,210,402$3,206,172$1,998,994$6,209,316
76$13,361,517$3,268,928$1,971,614$6,631,949
77$14,627,073$3,331,787$1,940,344$7,093,778
78$16,018,651$3,394,661$1,904,962$7,598,785
79$17,549,007$3,457,453$1,865,232$8,151,356
80$19,232,198$3,520,061$1,820,910$8,756,330
81$21,083,710$3,582,372$1,771,738$9,419,047
82$23,120,606$3,644,265$1,717,449$10,145,390
83$25,361,686$3,705,612$1,657,761$10,941,852
84$27,827,663$3,766,272$1,592,381$11,815,590
85$30,541,361$3,826,096$1,521,002$12,774,497
86$33,527,927$3,884,922$1,443,304$13,827,280
87$36,815,071$3,942,578$1,358,949$14,983,536
88$40,433,323$3,998,880$1,267,589$16,253,849
89$44,416,325$4,053,628$1,168,856$17,649,890
90$48,801,145$4,106,611$1,062,368$19,184,530
91$53,628,629$4,157,602$947,725$20,871,956
92$58,943,785$4,206,359$824,509$22,727,815
93$64,796,204$4,252,625$692,283$24,769,357
94$71,240,536$4,296,122$550,593$27,015,603
95$78,336,995$4,336,557$398,963$29,487,522
96$86,151,936$4,373,615$236,896$32,208,235
97$94,758,475$4,406,964$63,873$35,203,231
98$104,237,180$4,436,246$0$38,500,613
99$114,676,834$4,461,084$0$42,170,024
100$126,175,268$4,481,073$0$46,231,291