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

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 $1,990,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.9%
1 years$164,332$162,869$161,440$160,046$158,685$153,606
2 years$81,353$79,838$78,369$76,945$75,564$70,494
3 years$53,696$52,175$50,710$49,300$47,941$43,038
4 years$39,871$38,354$36,904$35,518$34,192$29,495
5 years$31,578$30,070$28,639$27,281$25,992$21,513
6 years$26,051$24,554$23,145$21,817$20,567$16,309
7 years$22,105$20,621$19,233$17,937$16,726$12,690
8 years$19,146$17,676$16,311$15,047$13,876$10,059
9 years$16,847$15,390$14,049$12,816$11,686$8,083
10 years$15,008$13,565$12,248$11,048$9,957$6,563
11 years$13,504$12,077$10,783$9,615$8,563$5,372
12 years$12,253$10,839$9,570$8,434$7,421$4,425
13 years$11,194$9,796$8,550$7,446$6,471$3,664
14 years$10,288$8,904$7,682$6,609$5,672$3,046
15 years$9,503$8,134$6,936$5,894$4,994$2,541
16 years$8,816$7,463$6,288$5,278$4,414$2,125
17 years$8,212$6,873$5,722$4,742$3,914$1,782
18 years$7,675$6,351$5,224$4,274$3,480$1,496
19 years$7,195$5,886$4,782$3,862$3,102$1,259
20 years$6,763$5,469$4,389$3,497$2,771$1,060
21 years$6,374$5,095$4,037$3,174$2,479$894
22 years$6,020$4,756$3,720$2,886$2,222$755
23 years$5,697$4,448$3,435$2,628$1,995$637
24 years$5,402$4,167$3,177$2,397$1,793$539
25 years$5,131$3,911$2,943$2,189$1,614$456
26 years$4,881$3,676$2,729$2,002$1,453$385
27 years$4,649$3,459$2,534$1,832$1,310$326
28 years$4,435$3,259$2,356$1,679$1,182$276
29 years$4,236$3,075$2,192$1,539$1,068$234
30 years$4,051$2,904$2,042$1,413$965$198
31 years$3,878$2,745$1,904$1,298$872$168
32 years$3,716$2,598$1,776$1,192$789$142
33 years$3,564$2,460$1,658$1,097$714$121
34 years$3,421$2,331$1,550$1,009$646$102
35 years$3,287$2,211$1,449$929$586$87
36 years$3,161$2,099$1,355$855$530$73
37 years$3,041$1,993$1,269$788$481$62
38 years$2,928$1,894$1,188$726$436$53
39 years$2,822$1,801$1,113$670$395$45
40 years$2,721$1,714$1,043$618$359$38
41 years$2,625$1,632$978$570$325$32
42 years$2,534$1,554$918$526$295$27
43 years$2,447$1,480$861$486$268$23
44 years$2,364$1,411$808$448$243$20
45 years$2,286$1,346$759$414$221$17
46 years$2,211$1,284$713$382$200$14
47 years$2,139$1,225$670$353$182$12
48 years$2,071$1,170$629$327$165$10
49 years$2,006$1,117$591$302$150$9
50 years$1,943$1,067$556$279$136$7

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 $4,985 every year, while hoping to spend $33,840 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: 69/24/7 Blend
53$1,990,000$1,990,000$1,990,000$1,990,000
54$2,198,122$2,092,652$2,061,807$2,346,981
55$2,386,325$2,159,186$2,094,872$2,512,706
56$2,592,590$2,227,847$2,127,911$2,689,318
57$2,818,725$2,298,702$2,160,886$2,881,589
58$3,066,719$2,371,822$2,193,759$3,091,048
59$3,338,763$2,447,280$2,226,489$3,319,375
60$3,637,272$2,525,152$2,259,032$3,568,423
61$3,964,904$2,605,515$2,291,340$3,840,229
62$4,324,589$2,688,449$2,323,364$4,137,038
63$4,719,552$2,774,039$2,355,052$4,461,320
64$5,153,348$2,862,368$2,386,348$4,815,794
65$5,629,892$2,953,526$2,417,193$5,203,457
66$6,153,496$3,047,605$2,447,524$5,627,605
67$6,728,913$3,144,698$2,477,277$6,091,872
68$7,361,377$3,244,903$2,506,380$6,600,257
69$8,056,655$3,348,321$2,534,762$7,157,166
70$8,821,101$3,455,055$2,562,343$7,767,450
71$9,661,714$3,565,214$2,589,042$8,436,453
72$10,586,206$3,678,907$2,614,773$9,170,061
73$11,603,075$3,796,250$2,639,444$9,974,757
74$12,721,683$3,917,360$2,662,959$10,857,683
75$13,952,344$4,042,360$2,685,218$11,826,707
76$15,306,424$4,171,376$2,706,113$12,890,493
77$16,796,445$4,304,539$2,725,533$14,058,588
78$18,436,203$4,441,983$2,743,360$15,341,510
79$20,240,903$4,583,847$2,759,469$16,750,844
80$22,227,294$4,730,274$2,773,731$18,299,355
81$24,413,835$4,881,414$2,786,008$20,001,104
82$26,820,862$5,037,420$2,796,155$21,871,584
83$29,470,786$5,198,450$2,804,022$23,927,864
84$32,388,300$5,364,667$2,809,450$26,188,751
85$35,600,612$5,536,241$2,812,272$28,674,964
86$39,137,703$5,713,346$2,812,313$31,409,332
87$43,032,612$5,896,163$2,809,388$34,417,008
88$47,321,742$6,084,879$2,803,306$37,725,706
89$52,045,207$6,279,685$2,793,864$41,365,962
90$57,247,209$6,480,781$2,780,850$45,371,422
91$62,976,458$6,688,372$2,764,042$49,779,159
92$69,286,626$6,902,672$2,743,206$54,630,022
93$76,236,858$7,123,899$2,718,100$59,969,021
94$83,892,329$7,352,281$2,688,467$65,845,753
95$92,324,855$7,588,051$2,654,040$72,314,865
96$101,613,578$7,831,453$2,614,538$79,436,577
97$111,845,705$8,082,737$2,569,667$87,277,240
98$123,117,337$8,342,161$2,519,121$95,909,972
99$135,534,372$8,609,994$2,462,578$105,415,339
100$149,213,504$8,886,510$2,399,701$115,882,120