Can I retire at age 54 with 1,690,000?

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 $1,690,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.2%
1 years$139,559$138,316$137,103$135,919$134,763$133,522
2 years$69,088$67,802$66,555$65,346$64,173$62,923
3 years$45,601$44,309$43,065$41,868$40,714$39,493
4 years$33,860$32,572$31,341$30,163$29,037$27,856
5 years$26,817$25,537$24,322$23,168$22,074$20,934
6 years$22,124$20,853$19,655$18,528$17,466$16,371
7 years$18,772$17,512$16,334$15,233$14,205$13,153
8 years$16,260$15,011$13,852$12,778$11,784$10,777
9 years$14,307$13,070$11,931$10,884$9,924$8,960
10 years$12,745$11,520$10,402$9,382$8,456$7,535
11 years$11,469$10,256$9,157$8,166$7,272$6,394
12 years$10,405$9,205$8,127$7,162$6,302$5,466
13 years$9,507$8,319$7,261$6,323$5,495$4,700
14 years$8,737$7,562$6,524$5,613$4,817$4,062
15 years$8,070$6,908$5,890$5,006$4,241$3,524
16 years$7,487$6,338$5,340$4,482$3,749$3,069
17 years$6,974$5,837$4,860$4,027$3,324$2,680
18 years$6,518$5,393$4,436$3,629$2,955$2,347
19 years$6,110$4,999$4,061$3,279$2,634$2,059
20 years$5,744$4,645$3,727$2,970$2,353$1,811
21 years$5,413$4,327$3,428$2,696$2,106$1,594
22 years$5,112$4,039$3,160$2,451$1,887$1,406
23 years$4,838$3,777$2,917$2,232$1,694$1,242
24 years$4,587$3,539$2,698$2,036$1,523$1,097
25 years$4,357$3,321$2,499$1,859$1,370$971
26 years$4,145$3,121$2,318$1,700$1,234$860
27 years$3,949$2,938$2,152$1,556$1,113$762
28 years$3,767$2,768$2,001$1,426$1,004$676
29 years$3,598$2,611$1,862$1,307$907$600
30 years$3,440$2,466$1,734$1,200$819$532
31 years$3,293$2,331$1,617$1,102$741$473
32 years$3,156$2,206$1,508$1,013$670$420
33 years$3,027$2,089$1,408$931$606$373
34 years$2,905$1,980$1,316$857$549$332
35 years$2,791$1,878$1,230$789$497$295
36 years$2,684$1,782$1,151$726$451$262
37 years$2,583$1,693$1,077$669$408$234
38 years$2,487$1,609$1,009$617$370$208
39 years$2,396$1,530$945$569$336$185
40 years$2,310$1,456$886$525$304$165
41 years$2,229$1,386$831$484$276$147
42 years$2,152$1,320$779$447$251$131
43 years$2,078$1,257$731$412$227$116
44 years$2,008$1,198$686$381$206$104
45 years$1,941$1,143$644$352$187$92
46 years$1,878$1,090$605$325$170$82
47 years$1,817$1,040$569$300$155$73
48 years$1,759$993$534$277$140$65
49 years$1,703$948$502$256$127$58
50 years$1,650$906$472$237$116$52

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $1,690,000, adding $4,198 every year, while hoping to spend $31,757 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: 56/32/12 Blend
53$1,690,000$1,690,000$1,690,000$1,690,000
54$1,866,710$1,777,140$1,750,945$1,965,354
55$2,023,325$1,830,431$1,775,813$2,085,906
56$2,194,851$1,885,268$1,800,449$2,213,303
57$2,382,774$1,941,695$1,824,812$2,351,321
58$2,588,734$1,999,754$1,848,860$2,500,981
59$2,814,532$2,059,490$1,872,544$2,663,405
60$3,062,158$2,120,948$1,895,818$2,839,829
61$3,333,798$2,184,175$1,918,628$3,031,612
62$3,631,863$2,249,217$1,940,920$3,240,251
63$3,959,009$2,316,125$1,962,636$3,467,393
64$4,318,159$2,384,946$1,983,716$3,714,853
65$4,712,536$2,455,733$2,004,095$3,984,628
66$5,145,688$2,528,537$2,023,705$4,278,917
67$5,621,524$2,603,412$2,042,475$4,600,142
68$6,144,351$2,680,410$2,060,330$4,950,969
69$6,718,914$2,759,589$2,077,190$5,334,335
70$7,350,439$2,841,005$2,092,972$5,753,475
71$8,044,685$2,924,715$2,107,587$6,211,951
72$8,807,995$3,010,779$2,120,944$6,713,685
73$9,647,360$3,099,257$2,132,945$7,263,001
74$10,570,480$3,190,210$2,143,488$7,864,659
75$11,585,840$3,283,700$2,152,466$8,523,901
76$12,702,787$3,379,793$2,159,765$9,246,505
77$13,931,621$3,478,553$2,165,267$10,038,835
78$15,283,691$3,580,047$2,168,848$10,907,899
79$16,771,499$3,684,341$2,170,376$11,861,421
80$18,408,824$3,791,505$2,169,715$12,907,910
81$20,210,845$3,901,610$2,166,721$14,056,739
82$22,194,287$4,014,725$2,161,243$15,318,236
83$24,377,582$4,130,924$2,153,123$16,703,778
84$26,781,037$4,250,281$2,142,193$18,225,903
85$29,427,028$4,372,870$2,128,282$19,898,423
86$32,340,211$4,498,766$2,111,205$21,736,557
87$35,547,754$4,628,048$2,090,773$23,757,074
88$39,079,596$4,760,793$2,066,785$25,978,449
89$42,968,724$4,897,081$2,039,031$28,421,042
90$47,251,487$5,036,992$2,007,292$31,107,285
91$51,967,941$5,180,606$1,971,339$34,061,895
92$57,162,223$5,328,008$1,930,930$37,312,108
93$62,882,968$5,479,278$1,885,814$40,887,935
94$69,183,770$5,634,503$1,835,729$44,822,446
95$76,123,687$5,793,765$1,780,398$49,152,080
96$83,767,795$5,957,152$1,719,533$53,916,992
97$92,187,806$6,124,748$1,652,833$59,161,427
98$101,462,742$6,296,641$1,579,983$64,934,143
99$111,679,683$6,472,918$1,500,654$71,288,866
100$122,934,586$6,653,666$1,414,501$78,284,801