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%18.8%
1 years$159,378$157,958$156,573$155,221$153,901$148,440
2 years$78,900$77,430$76,006$74,625$73,286$67,843
3 years$52,077$50,602$49,181$47,813$46,496$41,241
4 years$38,669$37,198$35,791$34,447$33,161$28,135
5 years$30,626$29,163$27,775$26,458$25,209$20,424
6 years$25,265$23,814$22,447$21,159$19,947$15,408
7 years$21,438$19,999$18,653$17,396$16,222$11,927
8 years$18,569$17,143$15,819$14,593$13,458$9,404
9 years$16,339$14,926$13,625$12,430$11,333$7,515
10 years$14,555$13,156$11,879$10,715$9,657$6,067
11 years$13,097$11,712$10,458$9,325$8,305$4,937
12 years$11,883$10,512$9,281$8,179$7,197$4,043
13 years$10,857$9,500$8,292$7,221$6,276$3,327
14 years$9,977$8,635$7,451$6,410$5,501$2,748
15 years$9,216$7,889$6,727$5,717$4,844$2,278
16 years$8,551$7,238$6,099$5,119$4,281$1,893
17 years$7,964$6,666$5,550$4,599$3,796$1,577
18 years$7,443$6,159$5,066$4,145$3,375$1,315
19 years$6,978$5,708$4,638$3,745$3,008$1,099
20 years$6,559$5,305$4,256$3,392$2,687$919
21 years$6,181$4,941$3,915$3,078$2,405$770
22 years$5,838$4,612$3,608$2,799$2,155$645
23 years$5,525$4,314$3,332$2,549$1,935$541
24 years$5,239$4,042$3,081$2,325$1,739$454
25 years$4,976$3,793$2,854$2,123$1,565$381
26 years$4,733$3,565$2,647$1,941$1,410$320
27 years$4,509$3,355$2,458$1,777$1,271$269
28 years$4,302$3,161$2,285$1,628$1,147$226
29 years$4,108$2,982$2,126$1,493$1,035$190
30 years$3,929$2,816$1,980$1,370$936$160
31 years$3,761$2,662$1,846$1,258$846$134
32 years$3,604$2,519$1,723$1,157$765$113
33 years$3,456$2,386$1,608$1,064$692$95
34 years$3,318$2,261$1,503$979$627$80
35 years$3,188$2,145$1,405$901$568$67
36 years$3,065$2,036$1,314$830$515$57
37 years$2,950$1,933$1,230$764$466$48
38 years$2,840$1,837$1,152$705$423$40
39 years$2,737$1,747$1,079$650$383$34
40 years$2,639$1,662$1,012$599$348$28
41 years$2,546$1,582$949$553$315$24
42 years$2,457$1,507$890$510$286$20
43 years$2,373$1,436$835$471$260$17
44 years$2,293$1,369$784$435$236$14
45 years$2,217$1,305$736$402$214$12
46 years$2,144$1,245$691$371$194$10
47 years$2,075$1,188$649$343$176$9
48 years$2,008$1,134$610$317$160$7
49 years$1,945$1,083$574$293$146$6
50 years$1,884$1,035$539$271$132$5

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 $2,861 every year, while hoping to spend $37,838 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: 60/15/25 Blend
53$1,930,000$1,930,000$1,930,000$1,930,000
54$2,129,811$2,027,521$1,997,606$2,243,166
55$2,306,793$2,086,610$2,024,267$2,379,696
56$2,500,558$2,147,327$2,050,552$2,524,257
57$2,712,779$2,209,710$2,076,410$2,681,175
58$2,945,298$2,273,801$2,101,785$2,851,661
59$3,200,141$2,339,640$2,126,618$3,037,047
60$3,479,543$2,407,270$2,150,847$3,238,799
61$3,785,963$2,476,733$2,174,407$3,458,536
62$4,122,111$2,548,072$2,197,229$3,698,036
63$4,490,969$2,621,331$2,219,239$3,959,260
64$4,895,826$2,696,555$2,240,362$4,244,371
65$5,340,302$2,773,788$2,260,516$4,555,747
66$5,828,386$2,853,076$2,279,616$4,896,012
67$6,364,470$2,934,465$2,297,571$5,268,054
68$6,953,394$3,018,002$2,314,289$5,675,056
69$7,600,491$3,103,735$2,329,668$6,120,526
70$8,311,634$3,191,711$2,343,605$6,608,329
71$9,093,295$3,281,979$2,355,989$7,142,721
72$9,952,602$3,374,587$2,366,706$7,728,396
73$10,897,409$3,469,583$2,375,632$8,370,522
74$11,936,371$3,567,019$2,382,642$9,074,797
75$13,079,020$3,666,943$2,387,600$9,847,496
76$14,335,862$3,769,404$2,390,367$10,695,539
77$15,718,469$3,874,454$2,390,793$11,626,545
78$17,239,593$3,982,143$2,388,725$12,648,916
79$18,913,284$4,092,520$2,383,999$13,771,906
80$20,755,021$4,205,636$2,376,446$15,005,716
81$22,781,863$4,321,542$2,365,886$16,361,584
82$25,012,601$4,440,286$2,352,132$17,851,898
83$27,467,945$4,561,919$2,334,987$19,490,306
84$30,170,713$4,686,489$2,314,246$21,291,850
85$33,146,044$4,814,047$2,289,692$23,273,107
86$36,421,645$4,944,639$2,261,101$25,452,342
87$40,028,039$5,078,313$2,228,235$27,849,687
88$43,998,865$5,215,116$2,190,846$30,487,326
89$48,371,186$5,355,093$2,148,676$33,389,706
90$53,185,843$5,498,289$2,101,453$36,583,768
91$58,487,841$5,644,746$2,048,893$40,099,202
92$64,326,768$5,794,507$1,990,699$43,968,728
93$70,757,272$5,947,611$1,926,561$48,228,404
94$77,839,565$6,104,096$1,856,152$52,917,964
95$85,640,002$6,263,998$1,779,134$58,081,201
96$94,231,699$6,427,350$1,695,152$63,766,373
97$103,695,225$6,594,183$1,603,833$70,026,661
98$114,119,366$6,764,526$1,504,789$76,920,675
99$125,601,958$6,938,404$1,397,615$84,513,003
100$138,250,809$7,115,837$1,281,887$92,874,824