Can I retire at age 54 with 1,990,000?

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 $1,990,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%20%
1 years$164,332$162,869$161,440$160,046$158,685$152,329
2 years$81,353$79,838$78,369$76,945$75,564$69,241
3 years$53,696$52,175$50,710$49,300$47,941$41,849
4 years$39,871$38,354$36,904$35,518$34,192$28,377
5 years$31,578$30,070$28,639$27,281$25,992$20,470
6 years$26,051$24,554$23,145$21,817$20,567$15,340
7 years$22,105$20,621$19,233$17,937$16,726$11,794
8 years$19,146$17,676$16,311$15,047$13,876$9,233
9 years$16,847$15,390$14,049$12,816$11,686$7,324
10 years$15,008$13,565$12,248$11,048$9,957$5,868
11 years$13,504$12,077$10,783$9,615$8,563$4,738
12 years$12,253$10,839$9,570$8,434$7,421$3,849
13 years$11,194$9,796$8,550$7,446$6,471$3,141
14 years$10,288$8,904$7,682$6,609$5,672$2,573
15 years$9,503$8,134$6,936$5,894$4,994$2,115
16 years$8,816$7,463$6,288$5,278$4,414$1,742
17 years$8,212$6,873$5,722$4,742$3,914$1,438
18 years$7,675$6,351$5,224$4,274$3,480$1,189
19 years$7,195$5,886$4,782$3,862$3,102$984
20 years$6,763$5,469$4,389$3,497$2,771$816
21 years$6,374$5,095$4,037$3,174$2,479$677
22 years$6,020$4,756$3,720$2,886$2,222$562
23 years$5,697$4,448$3,435$2,628$1,995$467
24 years$5,402$4,167$3,177$2,397$1,793$388
25 years$5,131$3,911$2,943$2,189$1,614$323
26 years$4,881$3,676$2,729$2,002$1,453$268
27 years$4,649$3,459$2,534$1,832$1,310$223
28 years$4,435$3,259$2,356$1,679$1,182$186
29 years$4,236$3,075$2,192$1,539$1,068$155
30 years$4,051$2,904$2,042$1,413$965$129
31 years$3,878$2,745$1,904$1,298$872$107
32 years$3,716$2,598$1,776$1,192$789$89
33 years$3,564$2,460$1,658$1,097$714$74
34 years$3,421$2,331$1,550$1,009$646$62
35 years$3,287$2,211$1,449$929$586$52
36 years$3,161$2,099$1,355$855$530$43
37 years$3,041$1,993$1,269$788$481$36
38 years$2,928$1,894$1,188$726$436$30
39 years$2,822$1,801$1,113$670$395$25
40 years$2,721$1,714$1,043$618$359$21
41 years$2,625$1,632$978$570$325$17
42 years$2,534$1,554$918$526$295$14
43 years$2,447$1,480$861$486$268$12
44 years$2,364$1,411$808$448$243$10
45 years$2,286$1,346$759$414$221$8
46 years$2,211$1,284$713$382$200$7
47 years$2,139$1,225$670$353$182$6
48 years$2,071$1,170$629$327$165$5
49 years$2,006$1,117$591$302$150$4
50 years$1,943$1,067$556$279$136$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $1,990,000, adding $6,787 every year, while hoping to spend $44,413 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: 38/36/26 Blend
53$1,990,000$1,990,000$1,990,000$1,990,000
54$2,199,981$2,094,511$2,063,666$2,266,307
55$2,377,124$2,149,887$2,085,544$2,370,811
56$2,570,847$2,206,488$2,106,666$2,479,082
57$2,782,794$2,264,326$2,126,960$2,595,232
58$3,014,776$2,323,416$2,146,350$2,720,005
59$3,268,787$2,383,766$2,164,756$2,854,218
60$3,547,021$2,445,389$2,182,094$2,998,771
61$3,851,898$2,508,293$2,198,274$3,154,657
62$4,186,079$2,572,487$2,213,204$3,322,969
63$4,552,496$2,637,977$2,226,784$3,504,911
64$4,954,381$2,704,767$2,238,911$3,701,810
65$5,395,290$2,772,863$2,249,477$3,915,128
66$5,879,142$2,842,266$2,258,366$4,146,476
67$6,410,253$2,912,976$2,265,460$4,397,629
68$6,993,378$2,984,990$2,270,632$4,670,545
69$7,633,753$3,058,306$2,273,750$4,967,378
70$8,337,150$3,132,916$2,274,674$5,290,506
71$9,109,922$3,208,812$2,273,258$5,642,548
72$9,959,072$3,285,982$2,269,351$6,026,390
73$10,892,314$3,364,412$2,262,790$6,445,213
74$11,918,145$3,444,083$2,253,408$6,902,525
75$13,045,927$3,524,974$2,241,029$7,402,192
76$14,285,975$3,607,062$2,225,467$7,948,472
77$15,649,653$3,690,316$2,206,529$8,546,063
78$17,149,481$3,774,705$2,184,011$9,200,141
79$18,799,254$3,860,192$2,157,702$9,916,411
80$20,614,171$3,946,734$2,127,377$10,701,163
81$22,610,976$4,034,284$2,092,804$11,561,328
82$24,808,122$4,122,790$2,053,740$12,504,548
83$27,225,938$4,212,194$2,009,927$13,539,247
84$29,886,824$4,302,432$1,961,100$14,674,707
85$32,815,461$4,393,432$1,906,978$15,921,164
86$36,039,045$4,485,117$1,847,268$17,289,897
87$39,587,541$4,577,401$1,781,665$18,793,340
88$43,493,968$4,670,192$1,709,849$20,445,201
89$47,794,708$4,763,387$1,631,484$22,260,585
90$52,529,851$4,856,875$1,546,222$24,256,146
91$57,743,571$4,950,537$1,453,695$26,450,238
92$63,484,544$5,044,243$1,353,523$28,863,094
93$69,806,407$5,137,850$1,245,306$31,517,013
94$76,768,263$5,231,207$1,128,626$34,436,577
95$84,435,238$5,324,149$1,003,048$37,648,879
96$92,879,099$5,416,498$868,116$41,183,783
97$102,178,924$5,508,064$723,355$45,074,203
98$112,421,856$5,598,641$568,269$49,356,422
99$123,703,918$5,688,007$402,339$54,070,427
100$136,130,924$5,775,926$225,023$59,260,295