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

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 $1,930,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.3%
1 years$159,378$157,958$156,573$155,221$153,901$149,333
2 years$78,900$77,430$76,006$74,625$73,286$68,722
3 years$52,077$50,602$49,181$47,813$46,496$42,078
4 years$38,669$37,198$35,791$34,447$33,161$28,924
5 years$30,626$29,163$27,775$26,458$25,209$21,164
6 years$25,265$23,814$22,447$21,159$19,947$16,098
7 years$21,438$19,999$18,653$17,396$16,222$12,568
8 years$18,569$17,143$15,819$14,593$13,458$9,997
9 years$16,339$14,926$13,625$12,430$11,333$8,063
10 years$14,555$13,156$11,879$10,715$9,657$6,571
11 years$13,097$11,712$10,458$9,325$8,305$5,399
12 years$11,883$10,512$9,281$8,179$7,197$4,465
13 years$10,857$9,500$8,292$7,221$6,276$3,712
14 years$9,977$8,635$7,451$6,410$5,501$3,099
15 years$9,216$7,889$6,727$5,717$4,844$2,596
16 years$8,551$7,238$6,099$5,119$4,281$2,181
17 years$7,964$6,666$5,550$4,599$3,796$1,836
18 years$7,443$6,159$5,066$4,145$3,375$1,549
19 years$6,978$5,708$4,638$3,745$3,008$1,309
20 years$6,559$5,305$4,256$3,392$2,687$1,108
21 years$6,181$4,941$3,915$3,078$2,405$939
22 years$5,838$4,612$3,608$2,799$2,155$796
23 years$5,525$4,314$3,332$2,549$1,935$675
24 years$5,239$4,042$3,081$2,325$1,739$574
25 years$4,976$3,793$2,854$2,123$1,565$487
26 years$4,733$3,565$2,647$1,941$1,410$414
27 years$4,509$3,355$2,458$1,777$1,271$352
28 years$4,302$3,161$2,285$1,628$1,147$300
29 years$4,108$2,982$2,126$1,493$1,035$255
30 years$3,929$2,816$1,980$1,370$936$217
31 years$3,761$2,662$1,846$1,258$846$185
32 years$3,604$2,519$1,723$1,157$765$158
33 years$3,456$2,386$1,608$1,064$692$134
34 years$3,318$2,261$1,503$979$627$114
35 years$3,188$2,145$1,405$901$568$97
36 years$3,065$2,036$1,314$830$515$83
37 years$2,950$1,933$1,230$764$466$71
38 years$2,840$1,837$1,152$705$423$60
39 years$2,737$1,747$1,079$650$383$51
40 years$2,639$1,662$1,012$599$348$44
41 years$2,546$1,582$949$553$315$37
42 years$2,457$1,507$890$510$286$32
43 years$2,373$1,436$835$471$260$27
44 years$2,293$1,369$784$435$236$23
45 years$2,217$1,305$736$402$214$20
46 years$2,144$1,245$691$371$194$17
47 years$2,075$1,188$649$343$176$14
48 years$2,008$1,134$610$317$160$12
49 years$1,945$1,083$574$293$146$10
50 years$1,884$1,035$539$271$132$9

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 $5,240 every year, while hoping to spend $43,829 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: 65/9/26 Blend
53$1,930,000$1,930,000$1,930,000$1,930,000
54$2,132,265$2,029,975$2,000,060$2,255,998
55$2,303,122$2,082,810$2,020,428$2,392,978
56$2,489,938$2,136,765$2,040,010$2,537,266
57$2,694,294$2,191,849$2,058,732$2,693,998
58$2,917,931$2,248,068$2,076,519$2,864,400
59$3,162,767$2,305,431$2,093,289$3,049,826
60$3,430,913$2,363,941$2,108,959$3,251,766
61$3,724,695$2,423,602$2,123,437$3,471,861
62$4,046,673$2,484,418$2,136,632$3,711,922
63$4,399,668$2,546,389$2,148,443$3,973,941
64$4,786,785$2,609,513$2,158,767$4,260,117
65$5,211,447$2,673,789$2,167,495$4,572,870
66$5,677,421$2,739,211$2,174,513$4,914,868
67$6,188,858$2,805,772$2,179,699$5,289,052
68$6,750,330$2,873,464$2,182,928$5,698,663
69$7,366,874$2,942,274$2,184,066$6,147,270
70$8,044,038$3,012,188$2,182,975$6,638,810
71$8,787,934$3,083,189$2,179,509$7,177,620
72$9,605,294$3,155,257$2,173,513$7,768,480
73$10,503,536$3,228,366$2,164,828$8,416,657
74$11,490,832$3,302,491$2,153,285$9,127,957
75$12,576,184$3,377,600$2,138,707$9,908,778
76$13,769,510$3,453,658$2,120,909$10,766,173
77$15,081,738$3,530,625$2,099,697$11,707,912
78$16,524,907$3,608,458$2,074,869$12,742,561
79$18,112,281$3,687,106$2,046,211$13,879,560
80$19,858,475$3,766,516$2,013,501$15,129,312
81$21,779,592$3,846,627$1,976,505$16,503,283
82$23,893,372$3,927,374$1,934,980$18,014,111
83$26,219,364$4,008,683$1,888,670$19,675,721
84$28,779,107$4,090,476$1,837,308$21,503,463
85$31,596,332$4,172,666$1,780,614$23,514,254
86$34,697,190$4,255,159$1,718,296$25,726,737
87$38,110,493$4,337,851$1,650,049$28,161,459
88$41,867,990$4,420,633$1,575,553$30,841,067
89$46,004,664$4,503,383$1,494,473$33,790,517
90$50,559,063$4,585,971$1,406,460$37,037,314
91$55,573,660$4,668,257$1,311,150$40,611,773
92$61,095,260$4,750,088$1,208,160$44,547,303
93$67,175,435$4,831,301$1,097,092$48,880,722
94$73,871,015$4,911,720$977,529$53,652,610
95$81,244,619$4,991,155$849,038$58,907,686
96$89,365,253$5,069,404$711,163$64,695,239
97$98,308,952$5,146,248$563,430$71,069,584
98$108,159,504$5,221,454$405,344$78,090,585
99$119,009,239$5,294,770$236,388$85,824,214
100$130,959,896$5,365,929$56,022$94,343,178