Can I retire at age 54 with 1,510,000?

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 $1,510,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.9%
1 years$124,694$123,584$122,500$121,442$120,410$118,954
2 years$61,730$60,580$59,466$58,386$57,338$55,873
3 years$40,744$39,590$38,478$37,408$36,377$34,949
4 years$30,254$29,103$28,002$26,951$25,945$24,564
5 years$23,961$22,817$21,731$20,701$19,723$18,393
6 years$19,767$18,632$17,562$16,554$15,606$14,329
7 years$16,773$15,647$14,594$13,610$12,692$11,468
8 years$14,528$13,412$12,377$11,417$10,529$9,359
9 years$12,783$11,678$10,660$9,725$8,867$7,749
10 years$11,388$10,293$9,294$8,383$7,555$6,489
11 years$10,247$9,164$8,182$7,296$6,498$5,483
12 years$9,297$8,225$7,261$6,399$5,631$4,666
13 years$8,494$7,433$6,488$5,650$4,910$3,994
14 years$7,806$6,756$5,829$5,015$4,304$3,436
15 years$7,211$6,172$5,263$4,473$3,790$2,967
16 years$6,690$5,663$4,772$4,005$3,349$2,571
17 years$6,231$5,215$4,342$3,598$2,970$2,235
18 years$5,823$4,819$3,964$3,243$2,641$1,947
19 years$5,459$4,466$3,629$2,930$2,354$1,700
20 years$5,132$4,150$3,330$2,654$2,102$1,487
21 years$4,836$3,866$3,063$2,408$1,881$1,303
22 years$4,568$3,608$2,823$2,190$1,686$1,143
23 years$4,323$3,375$2,607$1,994$1,514$1,004
24 years$4,099$3,162$2,411$1,819$1,361$882
25 years$3,893$2,967$2,233$1,661$1,224$776
26 years$3,703$2,789$2,071$1,519$1,103$684
27 years$3,528$2,625$1,923$1,390$994$603
28 years$3,365$2,473$1,788$1,274$897$531
29 years$3,214$2,333$1,664$1,168$810$469
30 years$3,074$2,204$1,549$1,072$732$414
31 years$2,942$2,083$1,445$985$662$365
32 years$2,819$1,971$1,348$905$599$323
33 years$2,704$1,867$1,258$832$542$285
34 years$2,596$1,769$1,176$766$491$252
35 years$2,494$1,678$1,099$705$444$223
36 years$2,398$1,593$1,028$649$403$197
37 years$2,308$1,513$963$598$365$174
38 years$2,222$1,438$901$551$331$154
39 years$2,141$1,367$844$508$300$136
40 years$2,064$1,301$792$469$272$121
41 years$1,992$1,238$742$433$247$107
42 years$1,922$1,179$696$399$224$95
43 years$1,857$1,123$653$368$203$84
44 years$1,794$1,071$613$340$184$74
45 years$1,734$1,021$576$314$167$66
46 years$1,678$974$541$290$152$58
47 years$1,623$930$508$268$138$51
48 years$1,571$887$477$248$125$45
49 years$1,522$847$449$229$114$40
50 years$1,474$809$422$212$103$36

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $1,510,000, adding $4,579 every year, while hoping to spend $27,089 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: 49/40/11 Blend
53$1,510,000$1,510,000$1,510,000$1,510,000
54$1,668,743$1,588,713$1,565,308$1,745,318
55$1,810,133$1,637,738$1,588,924$1,847,379
56$1,965,036$1,688,256$1,612,422$1,954,959
57$2,134,802$1,740,314$1,635,771$2,071,196
58$2,320,919$1,793,957$1,658,937$2,196,908
59$2,525,024$1,849,231$1,681,882$2,332,995
60$2,748,919$1,906,186$1,704,568$2,480,447
61$2,994,591$1,964,872$1,726,953$2,640,352
62$3,264,229$2,025,340$1,748,995$2,813,909
63$3,560,241$2,087,642$1,770,648$3,002,436
64$3,885,283$2,151,834$1,791,862$3,207,384
65$4,242,279$2,217,971$1,812,586$3,430,350
66$4,634,451$2,286,111$1,832,767$3,673,091
67$5,065,347$2,356,313$1,852,347$3,937,543
68$5,538,877$2,428,637$1,871,265$4,225,834
69$6,059,349$2,503,146$1,889,459$4,540,310
70$6,631,507$2,579,905$1,906,860$4,883,553
71$7,260,579$2,658,979$1,923,399$5,258,405
72$7,952,326$2,740,436$1,939,000$5,667,997
73$8,713,092$2,824,347$1,953,586$6,115,776
74$9,549,870$2,910,783$1,967,074$6,605,537
75$10,470,363$2,999,817$1,979,377$7,141,462
76$11,483,058$3,091,526$1,990,404$7,728,155
77$12,597,306$3,185,987$2,000,059$8,370,688
78$13,823,412$3,283,281$2,008,241$9,074,647
79$15,172,727$3,383,489$2,014,844$9,846,184
80$16,657,762$3,486,696$2,019,758$10,692,077
81$18,292,298$3,592,989$2,022,864$11,619,792
82$20,091,524$3,702,457$2,024,042$12,637,554
83$22,072,173$3,815,191$2,023,161$13,754,421
84$24,252,685$3,931,285$2,020,087$14,980,376
85$26,653,377$4,050,836$2,014,678$16,326,414
86$29,296,637$4,173,944$2,006,786$17,804,650
87$32,207,136$4,300,709$1,996,255$19,428,428
88$35,412,056$4,431,236$1,982,922$21,212,454
89$38,941,352$4,565,632$1,966,615$23,172,927
90$42,828,029$4,704,008$1,947,157$25,327,696
91$47,108,460$4,846,475$1,924,358$27,696,427
92$51,822,721$4,993,151$1,898,022$30,300,788
93$57,014,977$5,144,154$1,867,944$33,164,654
94$62,733,892$5,299,605$1,833,908$36,314,328
95$69,033,094$5,459,631$1,795,689$39,778,795
96$75,971,675$5,624,358$1,753,050$43,589,992
97$83,614,753$5,793,919$1,705,745$47,783,109
98$92,034,086$5,968,448$1,653,514$52,396,920
99$101,308,745$6,148,084$1,596,089$57,474,149
100$111,525,865$6,332,969$1,533,187$63,061,877