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%15.1%
1 years$159,378$157,958$156,573$155,221$153,901$150,670
2 years$78,900$77,430$76,006$74,625$73,286$70,047
3 years$52,077$50,602$49,181$47,813$46,496$43,348
4 years$38,669$37,198$35,791$34,447$33,161$30,130
5 years$30,626$29,163$27,775$26,458$25,209$22,303
6 years$25,265$23,814$22,447$21,159$19,947$17,169
7 years$21,438$19,999$18,653$17,396$16,222$13,573
8 years$18,569$17,143$15,819$14,593$13,458$10,936
9 years$16,339$14,926$13,625$12,430$11,333$8,938
10 years$14,555$13,156$11,879$10,715$9,657$7,385
11 years$13,097$11,712$10,458$9,325$8,305$6,154
12 years$11,883$10,512$9,281$8,179$7,197$5,163
13 years$10,857$9,500$8,292$7,221$6,276$4,356
14 years$9,977$8,635$7,451$6,410$5,501$3,692
15 years$9,216$7,889$6,727$5,717$4,844$3,141
16 years$8,551$7,238$6,099$5,119$4,281$2,680
17 years$7,964$6,666$5,550$4,599$3,796$2,293
18 years$7,443$6,159$5,066$4,145$3,375$1,966
19 years$6,978$5,708$4,638$3,745$3,008$1,689
20 years$6,559$5,305$4,256$3,392$2,687$1,453
21 years$6,181$4,941$3,915$3,078$2,405$1,252
22 years$5,838$4,612$3,608$2,799$2,155$1,080
23 years$5,525$4,314$3,332$2,549$1,935$933
24 years$5,239$4,042$3,081$2,325$1,739$806
25 years$4,976$3,793$2,854$2,123$1,565$697
26 years$4,733$3,565$2,647$1,941$1,410$603
27 years$4,509$3,355$2,458$1,777$1,271$522
28 years$4,302$3,161$2,285$1,628$1,147$452
29 years$4,108$2,982$2,126$1,493$1,035$392
30 years$3,929$2,816$1,980$1,370$936$340
31 years$3,761$2,662$1,846$1,258$846$295
32 years$3,604$2,519$1,723$1,157$765$256
33 years$3,456$2,386$1,608$1,064$692$222
34 years$3,318$2,261$1,503$979$627$192
35 years$3,188$2,145$1,405$901$568$167
36 years$3,065$2,036$1,314$830$515$145
37 years$2,950$1,933$1,230$764$466$126
38 years$2,840$1,837$1,152$705$423$109
39 years$2,737$1,747$1,079$650$383$95
40 years$2,639$1,662$1,012$599$348$82
41 years$2,546$1,582$949$553$315$71
42 years$2,457$1,507$890$510$286$62
43 years$2,373$1,436$835$471$260$54
44 years$2,293$1,369$784$435$236$47
45 years$2,217$1,305$736$402$214$41
46 years$2,144$1,245$691$371$194$35
47 years$2,075$1,188$649$343$176$31
48 years$2,008$1,134$610$317$160$27
49 years$1,945$1,083$574$293$146$23
50 years$1,884$1,035$539$271$132$20

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 $3,047 every year, while hoping to spend $38,392 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: 63/26/11 Blend
53$1,930,000$1,930,000$1,930,000$1,930,000
54$2,130,003$2,027,713$1,997,798$2,258,680
55$2,306,414$2,086,222$2,023,875$2,403,628
56$2,499,533$2,146,311$2,049,540$2,557,113
57$2,711,023$2,208,018$2,074,737$2,723,743
58$2,942,715$2,271,379$2,099,408$2,904,794
59$3,196,628$2,336,432$2,123,494$3,101,670
60$3,474,983$2,403,217$2,146,931$3,315,918
61$3,780,228$2,471,771$2,169,650$3,549,239
62$4,115,059$2,542,135$2,191,580$3,803,507
63$4,482,443$2,614,347$2,212,645$4,080,786
64$4,885,651$2,688,449$2,232,768$4,383,349
65$5,328,285$2,764,481$2,251,864$4,713,697
66$5,814,313$2,842,484$2,269,844$5,074,587
67$6,348,107$2,922,499$2,286,618$5,469,055
68$6,934,480$3,004,568$2,302,086$5,900,443
69$7,578,738$3,088,733$2,316,146$6,372,434
70$8,286,723$3,175,035$2,328,692$6,889,085
71$9,064,875$3,263,517$2,339,608$7,454,863
72$9,920,284$3,354,222$2,348,777$8,074,692
73$10,860,765$3,447,191$2,356,073$8,753,991
74$11,894,926$3,542,466$2,361,365$9,498,737
75$13,032,252$3,640,091$2,364,515$10,315,508
76$14,283,193$3,740,106$2,365,377$11,211,556
77$15,659,262$3,842,554$2,363,800$12,194,867
78$17,173,144$3,947,477$2,359,625$13,274,242
79$18,838,816$4,054,915$2,352,684$14,459,377
80$20,671,678$4,164,908$2,342,801$15,760,954
81$22,688,698$4,277,498$2,329,794$17,190,745
82$24,908,572$4,392,722$2,313,469$18,761,717
83$27,351,900$4,510,619$2,293,624$20,488,162
84$30,041,382$4,631,227$2,270,048$22,385,823
85$33,002,027$4,754,582$2,242,520$24,472,050
86$36,261,396$4,880,719$2,210,806$26,765,960
87$39,849,855$5,009,671$2,174,665$29,288,617
88$43,800,866$5,141,470$2,133,841$32,063,231
89$48,151,299$5,276,147$2,088,070$35,115,380
90$52,941,782$5,413,729$2,037,071$38,473,245
91$58,217,085$5,554,243$1,980,554$42,167,883
92$64,026,539$5,697,712$1,918,214$46,233,514
93$70,424,504$5,844,157$1,849,731$50,707,848
94$77,470,879$5,993,597$1,774,773$55,632,439
95$85,231,672$6,146,046$1,692,991$61,053,076
96$93,779,616$6,301,516$1,604,020$67,020,220
97$103,194,862$6,460,016$1,507,480$73,589,472
98$113,565,729$6,621,548$1,402,972$80,822,108
99$124,989,542$6,786,112$1,290,080$88,785,647
100$137,573,547$6,953,703$1,168,369$97,554,497