Can I retire at age 54 with 1,610,000?

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 $1,610,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.6%
1 years$132,952$131,768$130,613$129,485$128,384$123,927
2 years$65,818$64,592$63,404$62,252$61,135$56,691
3 years$43,443$42,212$41,027$39,886$38,787$34,495
4 years$32,257$31,030$29,857$28,735$27,663$23,557
5 years$25,548$24,328$23,170$22,072$21,029$17,119
6 years$21,076$19,866$18,725$17,651$16,639$12,928
7 years$17,884$16,683$15,561$14,512$13,532$10,019
8 years$15,490$14,300$13,197$12,173$11,226$7,909
9 years$13,630$12,451$11,366$10,369$9,454$6,328
10 years$12,142$10,975$9,909$8,938$8,055$5,115
11 years$10,926$9,770$8,724$7,779$6,928$4,168
12 years$9,913$8,769$7,742$6,823$6,004$3,417
13 years$9,056$7,925$6,917$6,024$5,235$2,816
14 years$8,323$7,204$6,215$5,347$4,589$2,330
15 years$7,688$6,581$5,611$4,769$4,041$1,934
16 years$7,133$6,038$5,088$4,270$3,571$1,609
17 years$6,644$5,560$4,630$3,837$3,166$1,342
18 years$6,209$5,138$4,226$3,458$2,815$1,121
19 years$5,821$4,762$3,869$3,124$2,509$938
20 years$5,472$4,425$3,551$2,830$2,242$786
21 years$5,157$4,122$3,266$2,568$2,006$659
22 years$4,870$3,847$3,010$2,335$1,798$554
23 years$4,609$3,598$2,779$2,126$1,614$465
24 years$4,370$3,372$2,570$1,939$1,451$391
25 years$4,151$3,164$2,381$1,771$1,305$329
26 years$3,949$2,974$2,208$1,619$1,176$276
27 years$3,762$2,799$2,050$1,482$1,060$233
28 years$3,588$2,637$1,906$1,358$957$196
29 years$3,427$2,488$1,774$1,245$864$165
30 years$3,277$2,349$1,652$1,143$780$139
31 years$3,137$2,221$1,540$1,050$706$117
32 years$3,006$2,102$1,437$965$638$99
33 years$2,883$1,990$1,342$887$578$83
34 years$2,768$1,886$1,254$816$523$70
35 years$2,659$1,789$1,172$751$474$59
36 years$2,557$1,698$1,096$692$429$50
37 years$2,461$1,613$1,026$638$389$42
38 years$2,369$1,533$961$588$353$35
39 years$2,283$1,457$900$542$320$30
40 years$2,201$1,387$844$500$290$25
41 years$2,123$1,320$791$461$263$21
42 years$2,050$1,257$742$426$239$18
43 years$1,980$1,198$697$393$217$15
44 years$1,913$1,142$654$363$197$13
45 years$1,849$1,089$614$335$179$11
46 years$1,789$1,039$577$309$162$9
47 years$1,731$991$542$286$147$8
48 years$1,675$946$509$264$134$6
49 years$1,623$904$479$244$121$5
50 years$1,572$863$450$226$110$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $1,610,000, adding $3,613 every year, while hoping to spend $33,009 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: 57/23/20 Blend
53$1,610,000$1,610,000$1,610,000$1,610,000
54$1,777,947$1,692,617$1,667,662$1,869,599
55$1,924,176$1,740,434$1,688,407$1,980,233
56$2,084,214$1,789,487$1,708,741$2,096,882
57$2,259,435$1,839,803$1,728,615$2,223,280
58$2,451,352$1,891,408$1,747,978$2,360,373
59$2,661,630$1,944,327$1,766,775$2,509,202
60$2,892,103$1,998,586$1,784,949$2,670,915
61$3,144,793$2,054,212$1,802,441$2,846,775
62$3,421,925$2,111,232$1,819,185$3,038,172
63$3,725,950$2,169,670$1,835,117$3,246,639
64$4,059,567$2,229,555$1,850,163$3,473,864
65$4,425,751$2,290,911$1,864,252$3,721,705
66$4,827,777$2,353,765$1,877,304$3,992,211
67$5,269,254$2,418,143$1,889,237$4,287,638
68$5,754,156$2,484,070$1,899,964$4,610,470
69$6,286,862$2,551,572$1,909,395$4,963,446
70$6,872,197$2,620,673$1,917,435$5,349,582
71$7,515,474$2,691,399$1,923,982$5,772,201
72$8,222,548$2,763,774$1,928,931$6,234,966
73$8,999,869$2,837,820$1,932,171$6,741,910
74$9,854,544$2,913,561$1,933,587$7,297,479
75$10,794,401$2,991,019$1,933,056$7,906,571
76$11,828,066$3,070,216$1,930,450$8,574,583
77$12,965,044$3,151,171$1,925,634$9,307,463
78$14,215,804$3,233,904$1,918,469$10,111,762
79$15,591,884$3,318,433$1,908,806$10,994,701
80$17,105,995$3,404,775$1,896,490$11,964,238
81$18,772,143$3,492,946$1,881,359$13,029,141
82$20,605,761$3,582,960$1,863,244$14,199,072
83$22,623,852$3,674,828$1,841,965$15,484,676
84$24,845,151$3,768,561$1,817,338$16,897,689
85$27,290,304$3,864,168$1,789,166$18,451,038
86$29,982,057$3,961,654$1,757,245$20,158,971
87$32,945,475$4,061,023$1,721,361$22,037,191
88$36,208,177$4,162,277$1,681,291$24,102,999
89$39,800,597$4,265,414$1,636,799$26,375,463
90$43,756,267$4,370,429$1,587,641$28,875,595
91$48,112,140$4,477,314$1,533,561$31,626,552
92$52,908,933$4,586,057$1,474,290$34,653,852
93$58,191,514$4,696,643$1,409,548$37,985,617
94$64,009,322$4,809,053$1,339,042$41,652,836
95$70,416,839$4,923,263$1,262,466$45,689,663
96$77,474,098$5,039,243$1,179,500$50,133,734
97$85,247,251$5,156,962$1,089,808$55,026,526
98$93,809,196$5,276,378$993,042$60,413,745
99$103,240,261$5,397,448$888,836$66,345,765
100$113,628,964$5,520,119$776,809$72,878,096