Can I retire at age 54 with 1,700,000?

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 $1,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.3%
1 years$140,384$139,134$137,914$136,723$135,560$134,256
2 years$69,497$68,203$66,949$65,732$64,553$63,239
3 years$45,871$44,571$43,320$42,115$40,955$39,672
4 years$34,061$32,765$31,526$30,342$29,209$27,968
5 years$26,976$25,688$24,465$23,305$22,204$21,008
6 years$22,255$20,976$19,772$18,637$17,570$16,419
7 years$18,883$17,616$16,430$15,323$14,289$13,185
8 years$16,356$15,100$13,934$12,854$11,854$10,797
9 years$14,392$13,147$12,002$10,949$9,983$8,972
10 years$12,821$11,589$10,463$9,438$8,506$7,540
11 years$11,537$10,317$9,212$8,214$7,315$6,395
12 years$10,467$9,260$8,175$7,205$6,339$5,463
13 years$9,563$8,368$7,304$6,361$5,528$4,694
14 years$8,788$7,606$6,563$5,646$4,846$4,054
15 years$8,118$6,949$5,925$5,035$4,267$3,515
16 years$7,532$6,375$5,372$4,509$3,771$3,059
17 years$7,015$5,871$4,888$4,051$3,343$2,670
18 years$6,556$5,425$4,462$3,651$2,973$2,336
19 years$6,146$5,028$4,085$3,299$2,650$2,048
20 years$5,778$4,672$3,749$2,988$2,367$1,800
21 years$5,445$4,352$3,448$2,712$2,118$1,584
22 years$5,142$4,063$3,178$2,465$1,899$1,395
23 years$4,867$3,800$2,935$2,245$1,704$1,231
24 years$4,615$3,560$2,714$2,048$1,532$1,087
25 years$4,383$3,341$2,514$1,870$1,378$961
26 years$4,169$3,140$2,331$1,710$1,242$851
27 years$3,972$2,955$2,165$1,565$1,119$753
28 years$3,789$2,784$2,013$1,434$1,010$667
29 years$3,619$2,627$1,873$1,315$912$592
30 years$3,460$2,481$1,744$1,207$824$525
31 years$3,313$2,345$1,626$1,108$745$466
32 years$3,174$2,219$1,517$1,019$674$413
33 years$3,044$2,101$1,417$937$610$367
34 years$2,923$1,992$1,324$862$552$326
35 years$2,808$1,889$1,238$793$500$290
36 years$2,700$1,793$1,158$731$453$258
37 years$2,598$1,703$1,084$673$411$229
38 years$2,502$1,618$1,015$621$372$204
39 years$2,411$1,539$951$572$338$181
40 years$2,324$1,464$891$528$306$161
41 years$2,242$1,394$836$487$278$143
42 years$2,164$1,327$784$449$252$127
43 years$2,090$1,265$736$415$229$113
44 years$2,020$1,206$690$383$208$101
45 years$1,953$1,150$648$354$189$90
46 years$1,889$1,097$609$327$171$80
47 years$1,828$1,047$572$302$155$71
48 years$1,769$999$538$279$141$63
49 years$1,713$954$505$258$128$56
50 years$1,660$911$475$238$116$50

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $1,700,000, adding $5,777 every year, while hoping to spend $46,451 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: 47/39/14 Blend
53$1,700,000$1,700,000$1,700,000$1,700,000
54$1,879,359$1,789,259$1,762,909$1,960,047
55$2,021,630$1,827,509$1,772,543$2,054,750
56$2,176,856$1,866,077$1,780,943$2,152,253
57$2,346,309$1,904,928$1,788,018$2,257,053
58$2,531,390$1,944,027$1,793,674$2,369,847
59$2,733,640$1,983,333$1,797,811$2,491,402
60$2,954,758$2,022,803$1,800,324$2,622,565
61$3,196,611$2,062,388$1,801,103$2,764,269
62$3,461,259$2,102,038$1,800,033$2,917,541
63$3,750,966$2,141,697$1,796,992$3,083,516
64$4,068,228$2,181,303$1,791,855$3,263,442
65$4,415,792$2,220,792$1,784,487$3,458,696
66$4,796,685$2,260,093$1,774,750$3,670,798
67$5,214,240$2,299,131$1,762,497$3,901,421
68$5,672,126$2,337,822$1,747,574$4,152,410
69$6,174,387$2,376,079$1,729,822$4,425,801
70$6,725,475$2,413,807$1,709,071$4,723,836
71$7,330,294$2,450,905$1,685,147$5,048,990
72$7,994,249$2,487,264$1,657,863$5,403,989
73$8,723,289$2,522,766$1,627,028$5,791,840
74$9,523,970$2,557,288$1,592,440$6,215,859
75$10,403,515$2,590,694$1,553,886$6,679,700
76$11,369,878$2,622,843$1,511,146$7,187,394
77$12,431,824$2,653,581$1,463,988$7,743,384
78$13,599,008$2,682,745$1,412,169$8,352,571
79$14,882,068$2,710,161$1,355,438$9,020,354
80$16,292,723$2,735,642$1,293,530$9,752,691
81$17,843,884$2,758,992$1,226,166$10,556,148
82$19,549,777$2,780,000$1,153,060$11,437,965
83$21,426,074$2,798,440$1,073,907$12,406,124
84$23,490,044$2,814,073$988,393$13,469,425
85$25,760,711$2,826,645$896,187$14,637,571
86$28,259,039$2,835,886$796,944$15,921,259
87$31,008,125$2,841,508$690,306$17,332,283
88$34,033,417$2,843,206$575,894$18,883,645
89$37,362,956$2,840,654$453,318$20,589,678
90$41,027,640$2,833,508$322,166$22,466,185
91$45,061,512$2,821,402$182,011$24,530,587
92$49,502,084$2,803,949$32,406$26,802,092
93$54,390,689$2,780,735$0$29,301,870
94$59,772,873$2,751,325$0$32,072,271
95$65,698,822$2,715,256$0$35,126,420
96$72,223,834$2,672,036$0$38,487,911
97$79,408,846$2,621,146$0$42,188,091
98$87,321,001$2,562,034$0$46,261,511
99$96,034,288$2,494,119$0$50,746,256
100$105,630,237$2,416,782$0$55,684,297