Can I retire at age 54 with 1,570,000?

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 $1,570,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.8%
1 years$129,649$128,494$127,368$126,268$125,194$121,235
2 years$64,183$62,987$61,829$60,706$59,616$55,663
3 years$42,363$41,163$40,007$38,895$37,823$34,000
4 years$31,456$30,259$29,115$28,021$26,976$23,313
5 years$24,913$23,724$22,595$21,523$20,506$17,013
6 years$20,553$19,372$18,260$17,212$16,226$12,905
7 years$17,439$16,269$15,174$14,151$13,196$10,047
8 years$15,105$13,945$12,869$11,871$10,947$7,968
9 years$13,291$12,142$11,084$10,111$9,219$6,407
10 years$11,840$10,702$9,663$8,716$7,855$5,205
11 years$10,654$9,528$8,507$7,586$6,756$4,263
12 years$9,667$8,552$7,550$6,654$5,854$3,514
13 years$8,831$7,728$6,745$5,874$5,105$2,912
14 years$8,116$7,025$6,061$5,214$4,475$2,422
15 years$7,497$6,417$5,472$4,650$3,940$2,022
16 years$6,956$5,888$4,961$4,164$3,482$1,692
17 years$6,479$5,422$4,515$3,741$3,088$1,420
18 years$6,055$5,010$4,121$3,372$2,746$1,193
19 years$5,676$4,644$3,773$3,047$2,447$1,005
20 years$5,336$4,315$3,462$2,759$2,186$847
21 years$5,028$4,019$3,185$2,504$1,956$715
22 years$4,749$3,752$2,935$2,277$1,753$604
23 years$4,495$3,509$2,710$2,074$1,574$510
24 years$4,262$3,288$2,506$1,891$1,415$432
25 years$4,048$3,085$2,321$1,727$1,273$365
26 years$3,850$2,900$2,153$1,579$1,147$309
27 years$3,668$2,729$1,999$1,446$1,034$262
28 years$3,499$2,572$1,859$1,324$933$222
29 years$3,342$2,426$1,730$1,215$842$188
30 years$3,196$2,291$1,611$1,115$761$160
31 years$3,059$2,166$1,502$1,024$688$135
32 years$2,931$2,049$1,401$941$622$115
33 years$2,812$1,941$1,308$865$563$97
34 years$2,699$1,839$1,223$796$510$83
35 years$2,593$1,745$1,143$733$462$70
36 years$2,494$1,656$1,069$675$419$59
37 years$2,399$1,573$1,001$622$379$50
38 years$2,310$1,495$937$573$344$43
39 years$2,226$1,421$878$528$312$36
40 years$2,146$1,352$823$487$283$31
41 years$2,071$1,287$772$450$257$26
42 years$1,999$1,226$724$415$233$22
43 years$1,930$1,168$679$383$211$19
44 years$1,865$1,113$638$354$192$16
45 years$1,803$1,062$599$327$174$14
46 years$1,744$1,013$562$302$158$12
47 years$1,688$967$528$279$144$10
48 years$1,634$923$496$258$130$8
49 years$1,582$881$467$238$118$7
50 years$1,533$842$439$220$108$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $1,570,000, adding $3,310 every year, while hoping to spend $49,205 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: 63/13/24 Blend
53$1,570,000$1,570,000$1,570,000$1,570,000
54$1,733,554$1,650,344$1,626,009$1,831,642
55$1,858,023$1,678,857$1,628,127$1,926,856
56$1,993,539$1,707,119$1,628,666$2,025,057
57$2,141,175$1,735,063$1,627,523$2,131,216
58$2,302,117$1,762,623$1,624,586$2,246,119
59$2,477,664$1,789,723$1,619,741$2,370,631
60$2,669,250$1,816,284$1,612,867$2,505,705
61$2,878,452$1,842,220$1,603,836$2,652,395
62$3,107,007$1,867,441$1,592,517$2,811,859
63$3,356,825$1,891,849$1,578,770$2,985,377
64$3,630,011$1,915,339$1,562,448$3,174,360
65$3,928,881$1,937,801$1,543,400$3,380,364
66$4,255,988$1,959,114$1,521,464$3,605,104
67$4,614,140$1,979,151$1,496,475$3,850,471
68$5,006,430$1,997,778$1,468,255$4,118,551
69$5,436,267$2,014,850$1,436,622$4,411,645
70$5,907,400$2,030,212$1,401,383$4,732,289
71$6,423,964$2,043,701$1,362,338$5,083,280
72$6,990,508$2,055,142$1,319,276$5,467,701
73$7,612,045$2,064,349$1,271,978$5,888,953
74$8,294,098$2,071,126$1,220,213$6,350,786
75$9,042,747$2,075,262$1,163,741$6,857,333
76$9,864,691$2,076,534$1,102,310$7,413,154
77$10,767,311$2,074,706$1,035,659$8,023,274
78$11,758,735$2,069,525$963,512$8,693,235
79$12,847,919$2,060,724$885,582$9,429,147
80$14,044,728$2,048,021$801,571$10,237,746
81$15,360,031$2,031,115$711,164$11,126,460
82$16,805,801$2,009,687$614,035$12,103,477
83$18,395,229$1,983,398$509,842$13,177,824
84$20,142,850$1,951,892$398,229$14,359,455
85$22,064,673$1,914,787$278,822$15,659,342
86$24,178,341$1,871,683$151,234$17,089,581
87$26,503,291$1,822,154$15,059$18,663,508
88$29,060,935$1,765,749$0$20,395,825
89$31,874,871$1,701,990$0$22,336,095
90$34,971,093$1,630,374$0$24,475,111
91$38,378,248$1,550,365$0$26,828,824
92$42,127,896$1,461,399$0$29,419,069
93$46,254,812$1,362,879$0$32,269,907
94$50,797,315$1,254,172$0$35,407,853
95$55,797,625$1,134,610$0$38,862,127
96$61,302,264$1,003,488$0$42,664,931
97$67,362,496$860,059$0$46,851,752
98$74,034,804$703,536$0$51,461,696
99$81,381,429$533,085$0$56,537,860
100$89,470,955$347,826$0$62,127,737