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

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 $1,920,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18%
1 years$158,552$157,140$155,762$154,417$153,103$148,143
2 years$78,491$77,029$75,612$74,239$72,906$67,956
3 years$51,808$50,339$48,926$47,566$46,255$41,469
4 years$38,468$37,005$35,606$34,268$32,989$28,405
5 years$30,467$29,012$27,632$26,321$25,078$20,707
6 years$25,135$23,691$22,330$21,049$19,843$15,690
7 years$21,327$19,895$18,557$17,306$16,138$12,201
8 years$18,473$17,054$15,738$14,517$13,388$9,666
9 years$16,254$14,849$13,555$12,366$11,275$7,762
10 years$14,480$13,088$11,817$10,659$9,607$6,298
11 years$13,029$11,652$10,404$9,277$8,262$5,152
12 years$11,822$10,458$9,233$8,137$7,160$4,241
13 years$10,800$9,451$8,249$7,184$6,243$3,509
14 years$9,926$8,591$7,412$6,377$5,473$2,915
15 years$9,168$7,848$6,692$5,687$4,819$2,430
16 years$8,506$7,200$6,067$5,092$4,259$2,031
17 years$7,923$6,631$5,521$4,575$3,776$1,701
18 years$7,405$6,127$5,040$4,123$3,358$1,428
19 years$6,942$5,679$4,614$3,726$2,993$1,200
20 years$6,525$5,277$4,234$3,374$2,673$1,010
21 years$6,149$4,915$3,895$3,062$2,392$851
22 years$5,808$4,588$3,590$2,784$2,144$718
23 years$5,497$4,291$3,314$2,536$1,925$606
24 years$5,212$4,021$3,065$2,313$1,730$512
25 years$4,950$3,773$2,839$2,112$1,557$432
26 years$4,709$3,546$2,633$1,931$1,402$366
27 years$4,486$3,337$2,445$1,768$1,264$309
28 years$4,279$3,145$2,273$1,620$1,141$262
29 years$4,087$2,967$2,115$1,485$1,030$221
30 years$3,908$2,802$1,970$1,363$931$187
31 years$3,741$2,649$1,837$1,252$841$159
32 years$3,585$2,506$1,714$1,151$761$134
33 years$3,438$2,373$1,600$1,058$689$114
34 years$3,301$2,249$1,495$973$624$96
35 years$3,171$2,134$1,398$896$565$82
36 years$3,049$2,025$1,308$825$512$69
37 years$2,934$1,923$1,224$760$464$59
38 years$2,825$1,828$1,146$701$421$50
39 years$2,723$1,738$1,074$646$381$42
40 years$2,625$1,654$1,006$596$346$36
41 years$2,532$1,574$944$550$314$30
42 years$2,444$1,499$885$508$285$26
43 years$2,361$1,428$831$469$258$22
44 years$2,281$1,362$780$433$235$18
45 years$2,205$1,298$732$400$213$16
46 years$2,133$1,239$688$369$193$13
47 years$2,064$1,182$646$341$176$11
48 years$1,998$1,128$607$315$159$9
49 years$1,935$1,078$571$291$145$8
50 years$1,875$1,029$536$269$132$7

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 $4,467 every year, while hoping to spend $47,929 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: 64/28/8 Blend
53$1,920,000$1,920,000$1,920,000$1,920,000
54$2,120,448$2,018,688$1,988,928$2,252,507
55$2,285,737$2,066,607$2,004,561$2,388,991
56$2,466,280$2,115,269$2,019,111$2,531,951
57$2,663,581$2,164,657$2,032,492$2,686,852
58$2,879,298$2,214,757$2,044,612$2,854,850
59$3,115,255$2,265,548$2,055,375$3,037,218
60$3,373,460$2,317,010$2,064,679$3,235,358
61$3,656,127$2,369,118$2,072,420$3,450,816
62$3,965,691$2,421,843$2,078,485$3,685,291
63$4,304,835$2,475,157$2,082,758$3,940,658
64$4,676,513$2,529,024$2,085,115$4,218,980
65$5,083,978$2,583,407$2,085,427$4,522,529
66$5,530,814$2,638,265$2,083,559$4,853,811
67$6,020,968$2,693,550$2,079,369$5,215,584
68$6,558,787$2,749,215$2,072,708$5,610,886
69$7,149,060$2,805,202$2,063,420$6,043,067
70$7,797,060$2,861,454$2,051,341$6,515,814
71$8,508,599$2,917,903$2,036,300$7,033,194
72$9,290,076$2,974,481$2,018,116$7,599,684
73$10,148,542$3,031,109$1,996,601$8,220,219
74$11,091,764$3,087,704$1,971,558$8,900,237
75$12,128,299$3,144,177$1,942,781$9,645,729
76$13,267,574$3,200,430$1,910,052$10,463,297
77$14,519,974$3,256,358$1,873,146$11,360,218
78$15,896,941$3,311,849$1,831,826$12,344,506
79$17,411,080$3,366,780$1,785,843$13,424,999
80$19,076,279$3,421,022$1,734,938$14,611,430
81$20,907,841$3,474,433$1,678,840$15,914,528
82$22,922,624$3,526,864$1,617,264$17,346,118
83$25,139,204$3,578,153$1,549,915$18,919,226
84$27,578,047$3,628,126$1,476,481$20,648,213
85$30,261,703$3,676,600$1,396,639$22,548,901
86$33,215,019$3,723,376$1,310,049$24,638,728
87$36,465,372$3,768,242$1,216,356$26,936,912
88$40,042,928$3,810,973$1,115,191$29,464,631
89$43,980,923$3,851,328$1,006,167$32,245,224
90$48,315,983$3,889,049$888,880$35,304,414
91$53,088,463$3,923,862$762,907$38,670,547
92$58,342,830$3,955,475$627,808$42,374,863
93$64,128,081$3,983,576$483,122$46,451,789
94$70,498,208$4,007,834$328,369$50,939,269
95$77,512,704$4,027,896$163,048$55,879,116
96$85,237,123$4,043,386$0$61,317,412
97$93,743,705$4,053,907$0$67,306,086
98$103,112,048$4,059,034$0$73,914,891
99$113,429,867$4,058,316$0$81,191,626
100$124,793,815$4,051,276$0$89,204,317