Can I retire at age 54 with 1,520,000?

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 $1,520,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.7%
1 years$125,520$124,402$123,311$122,247$121,207$120,342
2 years$62,139$60,981$59,860$58,772$57,718$56,846
3 years$41,014$39,852$38,733$37,656$36,618$35,766
4 years$30,454$29,295$28,188$27,129$26,117$25,291
5 years$24,120$22,968$21,875$20,838$19,853$19,056
6 years$19,898$18,755$17,678$16,664$15,709$14,942
7 years$16,884$15,751$14,691$13,700$12,776$12,039
8 years$14,624$13,501$12,459$11,493$10,599$9,892
9 years$12,868$11,755$10,731$9,789$8,926$8,249
10 years$11,463$10,362$9,355$8,439$7,605$6,958
11 years$10,315$9,224$8,236$7,344$6,541$5,922
12 years$9,359$8,279$7,310$6,442$5,668$5,078
13 years$8,550$7,482$6,531$5,687$4,943$4,381
14 years$7,858$6,801$5,868$5,048$4,333$3,798
15 years$7,258$6,213$5,298$4,502$3,815$3,307
16 years$6,734$5,700$4,803$4,031$3,372$2,889
17 years$6,272$5,250$4,371$3,622$2,989$2,532
18 years$5,862$4,851$3,990$3,264$2,658$2,225
19 years$5,495$4,496$3,653$2,950$2,369$1,960
20 years$5,166$4,178$3,352$2,671$2,116$1,729
21 years$4,868$3,891$3,083$2,424$1,894$1,528
22 years$4,598$3,632$2,842$2,204$1,698$1,353
23 years$4,352$3,397$2,624$2,008$1,524$1,199
24 years$4,126$3,183$2,427$1,831$1,370$1,064
25 years$3,919$2,987$2,248$1,672$1,232$945
26 years$3,728$2,807$2,084$1,529$1,110$840
27 years$3,551$2,642$1,936$1,399$1,001$748
28 years$3,388$2,490$1,799$1,282$903$666
29 years$3,236$2,349$1,675$1,176$815$593
30 years$3,094$2,218$1,560$1,079$737$528
31 years$2,962$2,097$1,454$991$666$471
32 years$2,838$1,984$1,357$911$603$420
33 years$2,722$1,879$1,267$838$545$375
34 years$2,613$1,781$1,184$771$494$335
35 years$2,511$1,689$1,107$709$447$299
36 years$2,414$1,603$1,035$653$405$267
37 years$2,323$1,523$969$602$367$239
38 years$2,237$1,447$907$555$333$213
39 years$2,155$1,376$850$512$302$191
40 years$2,078$1,309$797$472$274$170
41 years$2,005$1,246$747$435$248$152
42 years$1,935$1,187$701$402$225$136
43 years$1,869$1,131$658$371$205$122
44 years$1,806$1,078$617$342$186$109
45 years$1,746$1,028$580$316$169$98
46 years$1,689$981$544$292$153$87
47 years$1,634$936$511$270$139$78
48 years$1,582$893$481$249$126$70
49 years$1,532$853$452$231$115$63
50 years$1,484$815$425$213$104$56

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $1,520,000, adding $4,893 every year, while hoping to spend $47,363 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: 55/29/16 Blend
53$1,520,000$1,520,000$1,520,000$1,520,000
54$1,680,087$1,599,527$1,575,967$1,765,113
55$1,801,062$1,627,510$1,578,368$1,851,541
56$1,932,789$1,655,277$1,579,262$1,940,096
57$2,076,315$1,682,767$1,578,549$2,035,455
58$2,232,792$1,709,915$1,576,123$2,138,281
59$2,403,486$1,736,651$1,571,873$2,249,301
60$2,589,795$1,762,899$1,565,684$2,369,321
61$2,793,254$1,788,581$1,557,433$2,499,226
62$3,015,553$1,813,609$1,546,995$2,639,993
63$3,258,554$1,837,891$1,534,234$2,792,702
64$3,524,307$1,861,328$1,519,011$2,958,542
65$3,815,069$1,883,815$1,501,180$3,138,824
66$4,133,323$1,905,239$1,480,587$3,334,994
67$4,481,807$1,925,481$1,457,072$3,548,648
68$4,863,533$1,944,411$1,430,465$3,781,545
69$5,281,819$1,961,893$1,400,592$4,035,626
70$5,740,320$1,977,781$1,367,267$4,313,032
71$6,243,060$1,991,920$1,330,298$4,616,122
72$6,794,472$2,004,144$1,289,483$4,947,500
73$7,399,439$2,014,278$1,244,612$5,310,037
74$8,063,339$2,022,134$1,195,463$5,706,899
75$8,792,094$2,027,514$1,141,806$6,141,578
76$9,592,231$2,030,206$1,083,400$6,617,925
77$10,470,938$2,029,984$1,019,993$7,140,187
78$11,436,131$2,026,612$951,320$7,713,047
79$12,496,535$2,019,834$877,108$8,341,670
80$13,661,759$2,009,383$797,068$9,031,750
81$14,942,389$1,994,973$710,900$9,789,568
82$16,350,087$1,976,302$618,290$10,622,049
83$17,897,703$1,953,048$518,911$11,536,829
84$19,599,394$1,924,872$412,419$12,542,329
85$21,470,754$1,891,413$298,457$13,647,833
86$23,528,969$1,852,290$176,653$14,863,578
87$25,792,969$1,807,098$46,616$16,200,852
88$28,283,615$1,755,408$0$17,672,101
89$31,023,889$1,696,769$0$19,306,779
90$34,039,115$1,630,700$0$21,113,800
91$37,357,194$1,556,693$0$23,101,952
92$41,008,868$1,474,212$0$25,289,706
93$45,028,013$1,382,688$0$27,697,418
94$49,451,951$1,281,521$0$30,347,529
95$54,321,811$1,170,076$0$33,264,771
96$59,682,907$1,047,681$0$36,476,405
97$65,585,174$913,628$0$40,012,481
98$72,083,632$767,166$0$43,906,118
99$79,238,910$607,504$0$48,193,820
100$87,117,812$433,805$0$52,915,825