Can I retire at age 54 with 1,920,000?

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 $1,920,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.5%
1 years$158,552$157,140$155,762$154,417$153,103$149,040
2 years$78,491$77,029$75,612$74,239$72,906$68,840
3 years$51,808$50,339$48,926$47,566$46,255$42,314
4 years$38,468$37,005$35,606$34,268$32,989$29,204
5 years$30,467$29,012$27,632$26,321$25,078$21,459
6 years$25,135$23,691$22,330$21,049$19,843$16,393
7 years$21,327$19,895$18,557$17,306$16,138$12,858
8 years$18,473$17,054$15,738$14,517$13,388$10,276
9 years$16,254$14,849$13,555$12,366$11,275$8,327
10 years$14,480$13,088$11,817$10,659$9,607$6,821
11 years$13,029$11,652$10,404$9,277$8,262$5,634
12 years$11,822$10,458$9,233$8,137$7,160$4,684
13 years$10,800$9,451$8,249$7,184$6,243$3,915
14 years$9,926$8,591$7,412$6,377$5,473$3,286
15 years$9,168$7,848$6,692$5,687$4,819$2,768
16 years$8,506$7,200$6,067$5,092$4,259$2,339
17 years$7,923$6,631$5,521$4,575$3,776$1,981
18 years$7,405$6,127$5,040$4,123$3,358$1,681
19 years$6,942$5,679$4,614$3,726$2,993$1,429
20 years$6,525$5,277$4,234$3,374$2,673$1,217
21 years$6,149$4,915$3,895$3,062$2,392$1,037
22 years$5,808$4,588$3,590$2,784$2,144$885
23 years$5,497$4,291$3,314$2,536$1,925$756
24 years$5,212$4,021$3,065$2,313$1,730$646
25 years$4,950$3,773$2,839$2,112$1,557$552
26 years$4,709$3,546$2,633$1,931$1,402$473
27 years$4,486$3,337$2,445$1,768$1,264$405
28 years$4,279$3,145$2,273$1,620$1,141$347
29 years$4,087$2,967$2,115$1,485$1,030$297
30 years$3,908$2,802$1,970$1,363$931$254
31 years$3,741$2,649$1,837$1,252$841$218
32 years$3,585$2,506$1,714$1,151$761$187
33 years$3,438$2,373$1,600$1,058$689$160
34 years$3,301$2,249$1,495$973$624$137
35 years$3,171$2,134$1,398$896$565$118
36 years$3,049$2,025$1,308$825$512$101
37 years$2,934$1,923$1,224$760$464$87
38 years$2,825$1,828$1,146$701$421$74
39 years$2,723$1,738$1,074$646$381$64
40 years$2,625$1,654$1,006$596$346$55
41 years$2,532$1,574$944$550$314$47
42 years$2,444$1,499$885$508$285$40
43 years$2,361$1,428$831$469$258$35
44 years$2,281$1,362$780$433$235$30
45 years$2,205$1,298$732$400$213$26
46 years$2,133$1,239$688$369$193$22
47 years$2,064$1,182$646$341$176$19
48 years$1,998$1,128$607$315$159$16
49 years$1,935$1,078$571$291$145$14
50 years$1,875$1,029$536$269$132$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $1,920,000, adding $4,920 every year, while hoping to spend $34,313 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: 50/37/13 Blend
53$1,920,000$1,920,000$1,920,000$1,920,000
54$2,120,915$2,019,155$1,989,395$2,219,231
55$2,300,740$2,081,585$2,019,531$2,349,650
56$2,497,756$2,145,924$2,049,526$2,487,292
57$2,713,682$2,212,229$2,079,341$2,636,096
58$2,950,409$2,280,559$2,108,930$2,797,119
59$3,210,020$2,350,976$2,138,248$2,971,527
60$3,494,809$2,423,541$2,167,247$3,160,602
61$3,807,304$2,498,319$2,195,874$3,365,755
62$4,150,288$2,575,376$2,224,075$3,588,538
63$4,526,828$2,654,779$2,251,791$3,830,660
64$4,940,301$2,736,600$2,278,963$4,093,999
65$5,394,428$2,820,909$2,305,524$4,380,626
66$5,893,307$2,907,782$2,331,407$4,692,819
67$6,441,455$2,997,293$2,356,539$5,033,086
68$7,043,845$3,089,522$2,380,845$5,404,188
69$7,705,957$3,184,549$2,404,244$5,809,165
70$8,433,830$3,282,458$2,426,651$6,251,366
71$9,234,115$3,383,332$2,447,978$6,734,475
72$10,114,140$3,487,260$2,468,131$7,262,553
73$11,081,979$3,594,333$2,487,010$7,840,070
74$12,146,528$3,704,642$2,504,511$8,471,949
75$13,317,587$3,818,283$2,520,526$9,163,615
76$14,605,956$3,935,354$2,534,939$9,921,039
77$16,023,533$4,055,956$2,547,629$10,750,800
78$17,583,428$4,180,193$2,558,469$11,660,145
79$19,300,085$4,308,169$2,567,325$12,657,057
80$21,189,420$4,439,996$2,574,057$13,750,329
81$23,268,971$4,575,785$2,578,517$14,949,648
82$25,558,059$4,715,653$2,580,551$16,265,685
83$28,077,978$4,859,716$2,579,996$17,710,196
84$30,852,188$5,008,098$2,576,682$19,296,134
85$33,906,540$5,160,924$2,570,430$21,037,766
86$37,269,521$5,318,323$2,561,053$22,950,814
87$40,972,517$5,480,426$2,548,354$25,052,597
88$45,050,117$5,647,370$2,532,126$27,362,198
89$49,540,431$5,819,293$2,512,155$29,900,641
90$54,485,456$5,996,340$2,488,214$32,691,093
91$59,931,469$6,178,657$2,460,065$35,759,078
92$65,929,463$6,366,395$2,427,461$39,132,716
93$72,535,629$6,559,709$2,390,142$42,842,997
94$79,811,887$6,758,759$2,347,835$46,924,063
95$87,826,468$6,963,707$2,300,257$51,413,535
96$96,654,561$7,174,721$2,247,108$56,352,866
97$106,379,017$7,391,973$2,188,077$61,787,734
98$117,091,137$7,615,640$2,122,838$67,768,469
99$128,891,529$7,845,903$2,051,049$74,350,533
100$141,891,060$8,082,947$1,972,354$81,595,036