Can I retire at age 54 with 1,580,000?

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 $1,580,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.2%
1 years$130,475$129,313$128,179$127,072$125,991$122,796
2 years$64,592$63,389$62,223$61,092$59,996$56,797
3 years$42,633$41,425$40,262$39,142$38,064$34,962
4 years$31,656$30,452$29,301$28,200$27,147$24,167
5 years$25,072$23,875$22,738$21,660$20,637$17,785
6 years$20,684$19,495$18,376$17,322$16,329$13,609
7 years$17,550$16,372$15,271$14,241$13,280$10,692
8 years$15,202$14,034$12,951$11,947$11,017$8,560
9 years$13,376$12,219$11,154$10,176$9,278$6,950
10 years$11,916$10,771$9,725$8,772$7,905$5,703
11 years$10,722$9,588$8,561$7,634$6,799$4,719
12 years$9,728$8,606$7,598$6,696$5,892$3,931
13 years$8,888$7,777$6,788$5,912$5,138$3,293
14 years$8,168$7,069$6,099$5,248$4,504$2,770
15 years$7,545$6,458$5,507$4,680$3,965$2,338
16 years$7,000$5,925$4,993$4,190$3,505$1,980
17 years$6,520$5,457$4,543$3,765$3,107$1,680
18 years$6,093$5,042$4,147$3,393$2,763$1,429
19 years$5,712$4,673$3,797$3,066$2,463$1,218
20 years$5,370$4,343$3,484$2,777$2,200$1,039
21 years$5,060$4,045$3,205$2,520$1,969$888
22 years$4,779$3,776$2,954$2,291$1,765$759
23 years$4,523$3,531$2,727$2,087$1,584$650
24 years$4,289$3,309$2,522$1,903$1,424$557
25 years$4,073$3,105$2,336$1,738$1,281$477
26 years$3,875$2,918$2,167$1,589$1,154$409
27 years$3,692$2,746$2,012$1,455$1,040$351
28 years$3,521$2,588$1,870$1,333$939$302
29 years$3,363$2,441$1,741$1,222$848$259
30 years$3,216$2,306$1,621$1,122$766$223
31 years$3,079$2,180$1,512$1,030$692$191
32 years$2,950$2,062$1,410$947$626$164
33 years$2,830$1,953$1,317$871$567$141
34 years$2,716$1,851$1,230$801$513$121
35 years$2,610$1,756$1,150$737$465$104
36 years$2,509$1,666$1,076$679$421$90
37 years$2,415$1,583$1,007$626$382$77
38 years$2,325$1,504$943$577$346$66
39 years$2,240$1,430$884$532$314$57
40 years$2,160$1,361$828$491$285$49
41 years$2,084$1,295$777$453$258$42
42 years$2,012$1,234$728$418$234$36
43 years$1,943$1,175$684$386$213$31
44 years$1,877$1,120$642$356$193$27
45 years$1,815$1,068$603$329$175$23
46 years$1,755$1,019$566$304$159$20
47 years$1,699$973$532$281$144$17
48 years$1,644$929$500$259$131$15
49 years$1,592$887$470$240$119$13
50 years$1,543$847$441$221$108$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $1,580,000, adding $6,609 every year, while hoping to spend $50,508 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: 37/39/24 Blend
53$1,580,000$1,580,000$1,580,000$1,580,000
54$1,747,977$1,664,237$1,639,747$1,799,857
55$1,872,531$1,692,045$1,640,939$1,866,244
56$2,008,096$1,719,522$1,640,477$1,932,756
57$2,155,743$1,746,599$1,638,254$2,003,597
58$2,316,648$1,773,203$1,634,155$2,079,188
59$2,492,108$1,799,251$1,628,061$2,159,996
60$2,683,549$1,824,660$1,619,847$2,246,536
61$2,892,539$1,849,337$1,609,381$2,339,378
62$3,120,808$1,873,185$1,596,525$2,439,152
63$3,370,257$1,896,097$1,581,135$2,546,555
64$3,642,980$1,917,963$1,563,060$2,662,358
65$3,941,283$1,938,662$1,542,141$2,787,413
66$4,267,705$1,958,067$1,518,214$2,922,662
67$4,625,040$1,976,042$1,491,103$3,069,145
68$5,016,368$1,992,442$1,460,629$3,228,015
69$5,445,078$2,007,112$1,426,600$3,400,543
70$5,914,903$2,019,887$1,388,818$3,588,134
71$6,429,954$2,030,593$1,347,075$3,792,342
72$6,994,761$2,039,043$1,301,153$4,014,883
73$7,614,309$2,045,039$1,250,824$4,257,653
74$8,294,093$2,048,370$1,195,851$4,522,747
75$9,040,163$2,048,813$1,135,985$4,812,480
76$9,859,185$2,046,130$1,070,966$5,129,407
77$10,758,500$2,040,069$1,000,522$5,476,352
78$11,746,197$2,030,362$924,369$5,856,432
79$12,831,183$2,016,724$842,209$6,273,091
80$14,023,275$1,998,854$753,735$6,730,130
81$15,333,285$1,976,434$658,620$7,231,747
82$16,773,124$1,949,123$556,528$7,782,577
83$18,355,915$1,916,563$447,105$8,387,736
84$20,096,118$1,878,374$329,981$9,052,873
85$22,009,659$1,834,152$204,774$9,784,222
86$24,114,090$1,783,470$71,079$10,588,666
87$26,428,745$1,725,879$0$11,473,798
88$28,974,928$1,660,898$0$12,466,337
89$31,776,111$1,588,022$0$13,577,815
90$34,858,156$1,506,716$0$14,800,334
91$38,249,556$1,416,414$0$16,145,283
92$41,981,710$1,316,517$0$17,625,215
93$46,089,210$1,206,392$0$19,253,977
94$50,610,174$1,085,370$0$21,046,836
95$55,586,603$952,744$0$23,020,627
96$61,064,774$807,766$0$25,193,913
97$67,095,681$649,646$0$27,587,161
98$73,735,513$477,552$0$30,222,940
99$81,046,184$290,600$0$33,126,133
100$89,095,917$87,863$0$36,324,175