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%14.9%
1 years$164,332$162,869$161,440$160,046$158,685$155,481
2 years$81,353$79,838$78,369$76,945$75,564$72,351
3 years$53,696$52,175$50,710$49,300$47,941$44,818
4 years$39,871$38,354$36,904$35,518$34,192$31,183
5 years$31,578$30,070$28,639$27,281$25,992$23,106
6 years$26,051$24,554$23,145$21,817$20,567$17,807
7 years$22,105$20,621$19,233$17,937$16,726$14,093
8 years$19,146$17,676$16,311$15,047$13,876$11,368
9 years$16,847$15,390$14,049$12,816$11,686$9,302
10 years$15,008$13,565$12,248$11,048$9,957$7,695
11 years$13,504$12,077$10,783$9,615$8,563$6,421
12 years$12,253$10,839$9,570$8,434$7,421$5,394
13 years$11,194$9,796$8,550$7,446$6,471$4,557
14 years$10,288$8,904$7,682$6,609$5,672$3,868
15 years$9,503$8,134$6,936$5,894$4,994$3,295
16 years$8,816$7,463$6,288$5,278$4,414$2,816
17 years$8,212$6,873$5,722$4,742$3,914$2,412
18 years$7,675$6,351$5,224$4,274$3,480$2,072
19 years$7,195$5,886$4,782$3,862$3,102$1,782
20 years$6,763$5,469$4,389$3,497$2,771$1,536
21 years$6,374$5,095$4,037$3,174$2,479$1,325
22 years$6,020$4,756$3,720$2,886$2,222$1,145
23 years$5,697$4,448$3,435$2,628$1,995$990
24 years$5,402$4,167$3,177$2,397$1,793$857
25 years$5,131$3,911$2,943$2,189$1,614$742
26 years$4,881$3,676$2,729$2,002$1,453$643
27 years$4,649$3,459$2,534$1,832$1,310$558
28 years$4,435$3,259$2,356$1,679$1,182$484
29 years$4,236$3,075$2,192$1,539$1,068$420
30 years$4,051$2,904$2,042$1,413$965$365
31 years$3,878$2,745$1,904$1,298$872$317
32 years$3,716$2,598$1,776$1,192$789$275
33 years$3,564$2,460$1,658$1,097$714$239
34 years$3,421$2,331$1,550$1,009$646$208
35 years$3,287$2,211$1,449$929$586$181
36 years$3,161$2,099$1,355$855$530$157
37 years$3,041$1,993$1,269$788$481$137
38 years$2,928$1,894$1,188$726$436$119
39 years$2,822$1,801$1,113$670$395$103
40 years$2,721$1,714$1,043$618$359$90
41 years$2,625$1,632$978$570$325$78
42 years$2,534$1,554$918$526$295$68
43 years$2,447$1,480$861$486$268$59
44 years$2,364$1,411$808$448$243$51
45 years$2,286$1,346$759$414$221$45
46 years$2,211$1,284$713$382$200$39
47 years$2,139$1,225$670$353$182$34
48 years$2,071$1,170$629$327$165$30
49 years$2,006$1,117$591$302$150$26
50 years$1,943$1,067$556$279$136$22

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 $5,197 every year, while hoping to spend $57,233 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: 82/8/10 Blend
53$1,990,000$1,990,000$1,990,000$1,990,000
54$2,198,341$2,092,871$2,062,026$2,374,765
55$2,361,676$2,134,526$2,070,208$2,532,726
56$2,539,753$2,176,304$2,076,746$2,698,000
57$2,734,016$2,218,151$2,081,525$2,877,729
58$2,946,052$2,260,007$2,084,423$3,073,331
59$3,177,611$2,301,809$2,085,313$3,286,368
60$3,430,617$2,343,487$2,084,060$3,518,561
61$3,707,190$2,384,968$2,080,526$3,771,802
62$4,009,663$2,426,171$2,074,564$4,048,180
63$4,340,605$2,467,009$2,066,018$4,349,993
64$4,702,844$2,507,390$2,054,727$4,679,773
65$5,099,496$2,547,214$2,040,522$5,040,308
66$5,533,991$2,586,374$2,023,226$5,434,671
67$6,010,106$2,624,755$2,002,652$5,866,248
68$6,532,002$2,662,233$1,978,606$6,338,767
69$7,104,260$2,698,676$1,950,883$6,856,337
70$7,731,928$2,733,945$1,919,271$7,423,484
71$8,420,563$2,767,887$1,883,545$8,045,196
72$9,176,289$2,800,341$1,843,472$8,726,969
73$10,005,848$2,831,136$1,798,807$9,474,855
74$10,916,671$2,860,087$1,749,292$10,295,528
75$11,916,939$2,886,999$1,694,662$11,196,337
76$13,015,668$2,911,663$1,634,634$12,185,383
77$14,222,788$2,933,857$1,568,916$13,271,590
78$15,549,239$2,953,343$1,497,201$14,464,792
79$17,007,074$2,969,869$1,419,170$15,775,828
80$18,609,570$2,983,167$1,334,486$17,216,639
81$20,371,355$2,992,951$1,242,801$18,800,382
82$22,308,546$2,998,918$1,143,748$20,541,560
83$24,438,899$3,000,747$1,036,945$22,456,150
84$26,781,977$2,998,093$921,992$24,561,762
85$29,359,333$2,990,595$798,474$26,877,798
86$32,194,716$2,977,865$665,954$29,425,641
87$35,314,291$2,959,494$523,977$32,228,855
88$38,746,888$2,935,049$372,069$35,313,406
89$42,524,272$2,904,067$209,735$38,707,909
90$46,681,442$2,866,061$36,456$42,443,898
91$51,256,965$2,820,513$0$46,556,121
92$56,293,332$2,766,875$0$51,098,716
93$61,837,365$2,704,566$0$56,103,222
94$67,940,657$2,632,970$0$61,612,315
95$74,660,054$2,551,436$0$67,677,309
96$82,058,198$2,459,274$0$74,354,751
97$90,204,111$2,355,756$0$81,706,951
98$99,173,851$2,240,108$0$89,802,574
99$109,051,225$2,111,514$0$98,717,282
100$119,928,583$1,969,111$0$108,534,454