Can I retire at age 54 with 1,500,000?

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 $1,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.4%
1 years$123,869$122,765$121,689$120,638$119,612$117,922
2 years$61,321$60,179$59,072$57,999$56,958$55,259
3 years$40,475$39,328$38,224$37,161$36,137$34,481
4 years$30,053$28,910$27,817$26,772$25,773$24,173
5 years$23,802$22,666$21,587$20,564$19,592$18,053
6 years$19,636$18,508$17,446$16,445$15,503$14,026
7 years$16,662$15,543$14,497$13,520$12,608$11,195
8 years$14,432$13,323$12,295$11,342$10,459$9,109
9 years$12,698$11,600$10,590$9,661$8,808$7,521
10 years$11,312$10,225$9,232$8,328$7,505$6,279
11 years$10,179$9,103$8,128$7,247$6,455$5,289
12 years$9,236$8,170$7,213$6,357$5,593$4,486
13 years$8,438$7,384$6,445$5,612$4,878$3,828
14 years$7,754$6,711$5,791$4,982$4,276$3,281
15 years$7,163$6,131$5,228$4,443$3,765$2,824
16 years$6,646$5,625$4,740$3,978$3,327$2,439
17 years$6,190$5,181$4,313$3,574$2,950$2,112
18 years$5,785$4,787$3,937$3,221$2,623$1,834
19 years$5,423$4,437$3,605$2,911$2,338$1,595
20 years$5,098$4,123$3,308$2,636$2,088$1,390
21 years$4,804$3,840$3,043$2,393$1,869$1,213
22 years$4,537$3,585$2,804$2,175$1,675$1,060
23 years$4,294$3,353$2,589$1,981$1,504$928
24 years$4,072$3,141$2,395$1,807$1,352$812
25 years$3,867$2,948$2,218$1,650$1,216$712
26 years$3,679$2,770$2,057$1,509$1,096$625
27 years$3,505$2,607$1,910$1,381$988$548
28 years$3,343$2,457$1,776$1,265$891$481
29 years$3,193$2,318$1,652$1,160$805$423
30 years$3,053$2,189$1,539$1,065$727$372
31 years$2,923$2,069$1,435$978$657$327
32 years$2,801$1,958$1,339$899$595$288
33 years$2,686$1,854$1,250$827$538$253
34 years$2,579$1,757$1,168$761$487$223
35 years$2,478$1,667$1,092$700$441$196
36 years$2,382$1,582$1,022$645$400$173
37 years$2,292$1,503$956$594$362$152
38 years$2,207$1,428$895$548$329$134
39 years$2,127$1,358$839$505$298$118
40 years$2,051$1,292$786$466$270$104
41 years$1,978$1,230$737$430$245$92
42 years$1,910$1,171$692$397$222$81
43 years$1,844$1,116$649$366$202$71
44 years$1,782$1,064$609$338$183$63
45 years$1,723$1,014$572$312$166$55
46 years$1,666$968$537$288$151$49
47 years$1,613$923$505$266$137$43
48 years$1,561$882$474$246$125$38
49 years$1,512$842$446$227$113$33
50 years$1,465$804$419$210$103$29

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $1,500,000, adding $2,493 every year, while hoping to spend $49,984 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: 61/34/5 Blend
53$1,500,000$1,500,000$1,500,000$1,500,000
54$1,655,572$1,576,072$1,552,822$1,755,065
55$1,771,257$1,600,116$1,551,658$1,845,838
56$1,897,068$1,623,664$1,548,781$1,938,795
57$2,033,983$1,646,638$1,544,079$2,038,922
58$2,183,081$1,668,955$1,537,438$2,146,909
59$2,345,548$1,690,527$1,528,735$2,263,515
60$2,522,690$1,711,259$1,517,844$2,389,578
61$2,715,945$1,731,051$1,504,632$2,526,022
62$2,926,894$1,749,795$1,488,960$2,673,863
63$3,157,278$1,767,376$1,470,681$2,834,226
64$3,409,014$1,783,671$1,449,643$3,008,346
65$3,684,213$1,798,551$1,425,685$3,197,587
66$3,985,198$1,811,875$1,398,641$3,403,454
67$4,314,527$1,823,495$1,368,334$3,627,603
68$4,675,016$1,833,254$1,334,581$3,871,864
69$5,069,769$1,840,985$1,297,190$4,138,251
70$5,502,200$1,846,508$1,255,961$4,428,988
71$5,976,071$1,849,634$1,210,683$4,746,524
72$6,495,526$1,850,161$1,161,136$5,093,561
73$7,065,127$1,847,876$1,107,091$5,473,079
74$7,689,900$1,842,552$1,048,308$5,888,363
75$8,375,379$1,833,946$984,536$6,343,035
76$9,127,662$1,821,804$915,513$6,841,088
77$9,953,465$1,805,854$840,964$7,386,927
78$10,860,186$1,785,808$760,603$7,985,407
79$11,855,973$1,761,361$674,131$8,641,883
80$12,949,804$1,732,189$581,237$9,362,257
81$14,151,568$1,697,951$481,592$10,153,040
82$15,472,160$1,658,282$374,858$11,021,406
83$16,923,582$1,612,800$260,677$11,975,271
84$18,519,056$1,561,096$138,679$13,023,358
85$20,273,152$1,502,741$8,476$14,175,286
86$22,201,917$1,437,279$0$15,441,662
87$24,323,034$1,364,228$0$16,841,139
88$26,655,986$1,283,078$0$18,380,584
89$29,222,238$1,193,289$0$20,073,780
90$32,045,438$1,094,292$0$21,936,422
91$35,151,644$985,484$0$23,985,812
92$38,569,567$866,228$0$26,241,022
93$42,330,840$735,851$0$28,723,077
94$46,470,320$593,641$0$31,455,155
95$51,026,410$438,848$0$34,462,804
96$56,041,430$270,677$0$37,774,188
97$61,562,007$88,292$0$41,420,353
98$67,639,520$0$0$45,435,522
99$74,330,582$0$0$49,898,271
100$81,697,576$0$0$54,848,361