Can I retire at age 54 with 1,930,000?

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 $1,930,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.9%
1 years$159,378$157,958$156,573$155,221$153,901$148,974
2 years$78,900$77,430$76,006$74,625$73,286$68,368
3 years$52,077$50,602$49,181$47,813$46,496$41,741
4 years$38,669$37,198$35,791$34,447$33,161$28,605
5 years$30,626$29,163$27,775$26,458$25,209$20,864
6 years$25,265$23,814$22,447$21,159$19,947$15,818
7 years$21,438$19,999$18,653$17,396$16,222$12,308
8 years$18,569$17,143$15,819$14,593$13,458$9,756
9 years$16,339$14,926$13,625$12,430$11,333$7,839
10 years$14,555$13,156$11,879$10,715$9,657$6,365
11 years$13,097$11,712$10,458$9,325$8,305$5,210
12 years$11,883$10,512$9,281$8,179$7,197$4,291
13 years$10,857$9,500$8,292$7,221$6,276$3,553
14 years$9,977$8,635$7,451$6,410$5,501$2,954
15 years$9,216$7,889$6,727$5,717$4,844$2,464
16 years$8,551$7,238$6,099$5,119$4,281$2,061
17 years$7,964$6,666$5,550$4,599$3,796$1,728
18 years$7,443$6,159$5,066$4,145$3,375$1,451
19 years$6,978$5,708$4,638$3,745$3,008$1,221
20 years$6,559$5,305$4,256$3,392$2,687$1,028
21 years$6,181$4,941$3,915$3,078$2,405$867
22 years$5,838$4,612$3,608$2,799$2,155$732
23 years$5,525$4,314$3,332$2,549$1,935$618
24 years$5,239$4,042$3,081$2,325$1,739$522
25 years$4,976$3,793$2,854$2,123$1,565$442
26 years$4,733$3,565$2,647$1,941$1,410$374
27 years$4,509$3,355$2,458$1,777$1,271$316
28 years$4,302$3,161$2,285$1,628$1,147$268
29 years$4,108$2,982$2,126$1,493$1,035$227
30 years$3,929$2,816$1,980$1,370$936$192
31 years$3,761$2,662$1,846$1,258$846$163
32 years$3,604$2,519$1,723$1,157$765$138
33 years$3,456$2,386$1,608$1,064$692$117
34 years$3,318$2,261$1,503$979$627$99
35 years$3,188$2,145$1,405$901$568$84
36 years$3,065$2,036$1,314$830$515$71
37 years$2,950$1,933$1,230$764$466$60
38 years$2,840$1,837$1,152$705$423$51
39 years$2,737$1,747$1,079$650$383$43
40 years$2,639$1,662$1,012$599$348$37
41 years$2,546$1,582$949$553$315$31
42 years$2,457$1,507$890$510$286$26
43 years$2,373$1,436$835$471$260$22
44 years$2,293$1,369$784$435$236$19
45 years$2,217$1,305$736$402$214$16
46 years$2,144$1,245$691$371$194$14
47 years$2,075$1,188$649$343$176$12
48 years$2,008$1,134$610$317$160$10
49 years$1,945$1,083$574$293$146$8
50 years$1,884$1,035$539$271$132$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $1,930,000, adding $2,022 every year, while hoping to spend $30,241 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: 67/13/20 Blend
53$1,930,000$1,930,000$1,930,000$1,930,000
54$2,128,946$2,026,656$1,996,741$2,260,817
55$2,313,922$2,093,786$2,031,455$2,416,512
56$2,516,752$2,163,191$2,066,319$2,583,023
57$2,739,226$2,234,953$2,101,306$2,764,387
58$2,983,313$2,309,152$2,136,386$2,962,064
59$3,251,185$2,385,874$2,171,529$3,177,662
60$3,545,233$2,465,208$2,206,702$3,412,952
61$3,868,089$2,547,247$2,241,869$3,669,883
62$4,222,657$2,632,084$2,276,994$3,950,603
63$4,612,130$2,719,819$2,312,036$4,257,477
64$5,040,032$2,810,554$2,346,953$4,593,110
65$5,510,239$2,904,395$2,381,700$4,960,371
66$6,027,025$3,001,452$2,416,229$5,362,421
67$6,595,098$3,101,840$2,450,489$5,802,739
68$7,219,644$3,205,676$2,484,426$6,285,161
69$7,906,376$3,313,083$2,517,983$6,813,910
70$8,661,591$3,424,188$2,551,100$7,393,639
71$9,492,224$3,539,124$2,583,712$8,029,474
72$10,405,916$3,658,026$2,615,752$8,727,063
73$11,411,088$3,781,038$2,647,148$9,492,626
74$12,517,016$3,908,306$2,677,825$10,333,017
75$13,733,921$4,039,983$2,707,702$11,255,789
76$15,073,067$4,176,227$2,736,695$12,269,259
77$16,546,861$4,317,204$2,764,716$13,382,595
78$18,168,976$4,463,083$2,791,670$14,605,896
79$19,954,480$4,614,041$2,817,458$15,950,290
80$21,919,971$4,770,263$2,841,977$17,428,036
81$24,083,741$4,931,940$2,865,117$19,052,644
82$26,465,946$5,099,268$2,886,761$20,838,999
83$29,088,794$5,272,453$2,906,789$22,803,500
84$31,976,757$5,451,710$2,925,073$24,964,220
85$35,156,801$5,637,258$2,941,478$27,341,071
86$38,658,640$5,829,329$2,955,862$29,955,993
87$42,515,015$6,028,160$2,968,077$32,833,165
88$46,762,006$6,233,999$2,977,968$35,999,225
89$51,439,369$6,447,104$2,985,369$39,483,530
90$56,590,915$6,667,742$2,990,108$43,318,427
91$62,264,917$6,896,190$2,992,005$47,539,560
92$68,514,571$7,132,737$2,990,871$52,186,205
93$75,398,497$7,377,681$2,986,505$57,301,644
94$82,981,291$7,631,333$2,978,699$62,933,569
95$91,334,131$7,894,018$2,967,234$69,134,534
96$100,535,457$8,166,069$2,951,881$75,962,453
97$110,671,704$8,447,836$2,932,399$83,481,141
98$121,838,119$8,739,682$2,908,536$91,760,921
99$134,139,662$9,041,981$2,880,027$100,879,288
100$147,691,995$9,355,126$2,846,595$110,921,634