Can I retire at age 54 with 1,630,000?

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 $1,630,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.4%
1 years$134,604$133,405$132,235$131,093$129,978$127,094
2 years$66,636$65,395$64,192$63,026$61,895$59,004
3 years$43,982$42,736$41,536$40,381$39,268$36,462
4 years$32,658$31,416$30,228$29,092$28,007$25,305
5 years$25,865$24,630$23,458$22,346$21,290$18,701
6 years$21,338$20,112$18,958$17,870$16,846$14,373
7 years$18,106$16,890$15,754$14,692$13,700$11,343
8 years$15,683$14,478$13,361$12,325$11,366$9,124
9 years$13,799$12,606$11,507$10,498$9,572$7,443
10 years$12,293$11,111$10,032$9,049$8,156$6,138
11 years$11,061$9,892$8,832$7,876$7,014$5,106
12 years$10,036$8,878$7,839$6,908$6,078$4,275
13 years$9,169$8,023$7,003$6,099$5,300$3,600
14 years$8,426$7,293$6,292$5,414$4,646$3,045
15 years$7,784$6,662$5,681$4,828$4,091$2,585
16 years$7,222$6,113$5,151$4,323$3,616$2,201
17 years$6,726$5,629$4,687$3,884$3,206$1,879
18 years$6,286$5,202$4,279$3,500$2,850$1,608
19 years$5,893$4,821$3,917$3,163$2,541$1,378
20 years$5,540$4,480$3,595$2,865$2,269$1,183
21 years$5,221$4,173$3,306$2,600$2,031$1,017
22 years$4,931$3,895$3,047$2,364$1,820$875
23 years$4,666$3,643$2,814$2,153$1,634$754
24 years$4,425$3,413$2,602$1,964$1,469$650
25 years$4,202$3,203$2,410$1,793$1,322$561
26 years$3,998$3,011$2,235$1,640$1,190$484
27 years$3,808$2,833$2,076$1,501$1,073$418
28 years$3,633$2,670$1,930$1,375$968$361
29 years$3,470$2,519$1,796$1,261$875$312
30 years$3,318$2,379$1,673$1,157$790$270
31 years$3,176$2,249$1,559$1,063$714$234
32 years$3,043$2,128$1,455$977$646$202
33 years$2,919$2,015$1,358$898$585$175
34 years$2,802$1,910$1,269$826$529$151
35 years$2,692$1,811$1,187$761$480$131
36 years$2,589$1,719$1,110$701$435$113
37 years$2,491$1,633$1,039$646$394$98
38 years$2,399$1,552$973$595$357$85
39 years$2,311$1,476$912$549$324$74
40 years$2,228$1,404$854$506$294$64
41 years$2,150$1,336$801$467$266$55
42 years$2,075$1,273$752$431$242$48
43 years$2,004$1,213$705$398$219$41
44 years$1,937$1,156$662$367$199$36
45 years$1,872$1,102$622$339$181$31
46 years$1,811$1,052$584$313$164$27
47 years$1,752$1,003$548$289$149$23
48 years$1,696$958$515$267$135$20
49 years$1,643$915$484$247$123$18
50 years$1,591$874$455$228$112$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $1,630,000, adding $2,159 every year, while hoping to spend $31,994 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: 60/14/26 Blend
53$1,630,000$1,630,000$1,630,000$1,630,000
54$1,798,487$1,712,097$1,686,832$1,893,696
55$1,947,891$1,761,948$1,709,300$2,008,625
56$2,111,463$1,813,170$1,731,447$2,130,334
57$2,290,612$1,865,796$1,753,231$2,262,455
58$2,486,894$1,919,859$1,774,604$2,406,007
59$2,702,019$1,975,395$1,795,515$2,562,113
60$2,937,874$2,032,438$1,815,914$2,732,012
61$3,196,533$2,091,023$1,835,743$2,917,066
62$3,480,285$2,151,188$1,854,945$3,118,777
63$3,791,646$2,212,969$1,873,458$3,338,799
64$4,133,392$2,276,403$1,891,217$3,578,955
65$4,508,579$2,341,527$1,908,154$3,841,252
66$4,920,572$2,408,380$1,924,195$4,127,903
67$5,373,081$2,477,001$1,939,266$4,441,345
68$5,870,189$2,547,428$1,953,286$4,784,263
69$6,416,398$2,619,702$1,966,170$5,159,616
70$7,016,665$2,693,861$1,977,831$5,570,664
71$7,676,451$2,769,947$1,988,176$6,020,999
72$8,401,775$2,848,000$1,997,105$6,514,581
73$9,199,265$2,928,061$2,004,517$7,055,770
74$10,076,225$3,010,171$2,010,303$7,649,373
75$11,040,701$3,094,371$2,014,350$8,300,686
76$12,101,561$3,180,703$2,016,538$9,015,546
77$13,268,571$3,269,209$2,016,743$9,800,385
78$14,552,495$3,359,930$2,014,834$10,662,288
79$15,965,191$3,452,907$2,010,672$11,609,067
80$17,519,724$3,548,184$2,004,114$12,649,328
81$19,230,492$3,645,801$1,995,007$13,792,555
82$21,113,356$3,745,799$1,983,194$15,049,201
83$23,185,795$3,848,220$1,968,508$16,430,783
84$25,467,068$3,953,104$1,950,774$17,949,994
85$27,978,394$4,060,492$1,929,811$19,620,824
86$30,743,157$4,170,422$1,905,426$21,458,685
87$33,787,121$4,282,935$1,877,420$23,480,568
88$37,138,676$4,398,068$1,845,582$25,705,192
89$40,829,106$4,515,858$1,809,694$28,153,188
90$44,892,882$4,636,342$1,769,526$30,847,294
91$49,367,988$4,759,555$1,724,838$33,812,565
92$54,296,280$4,885,531$1,675,377$37,076,613
93$59,723,879$5,014,300$1,620,881$40,669,868
94$65,701,609$5,145,896$1,561,075$44,625,866
95$72,285,473$5,280,344$1,495,671$48,981,564
96$79,537,184$5,417,674$1,424,368$53,777,688
97$87,524,745$5,557,908$1,346,853$59,059,123
98$96,323,092$5,701,069$1,262,796$64,875,330
99$106,014,802$5,847,176$1,171,853$71,280,821
100$116,690,869$5,996,244$1,073,668$78,335,668