Can I retire at age 54 with 1,710,000?

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 $1,710,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.9%
1 years$141,210$139,952$138,725$137,527$136,358$133,605
2 years$69,906$68,604$67,342$66,119$64,932$62,171
3 years$46,141$44,834$43,575$42,363$41,196$38,512
4 years$34,261$32,957$31,711$30,520$29,381$26,795
5 years$27,135$25,839$24,609$23,442$22,335$19,855
6 years$22,385$21,099$19,888$18,747$17,673$15,301
7 years$18,994$17,719$16,527$15,413$14,373$12,110
8 years$16,452$15,189$14,016$12,930$11,924$9,769
9 years$14,476$13,225$12,072$11,013$10,041$7,993
10 years$12,896$11,657$10,525$9,493$8,556$6,613
11 years$11,604$10,377$9,266$8,262$7,358$5,517
12 years$10,529$9,314$8,223$7,247$6,377$4,635
13 years$9,619$8,417$7,347$6,398$5,560$3,916
14 years$8,840$7,651$6,601$5,679$4,874$3,323
15 years$8,166$6,989$5,960$5,065$4,292$2,831
16 years$7,576$6,413$5,404$4,535$3,793$2,419
17 years$7,056$5,906$4,917$4,075$3,363$2,073
18 years$6,595$5,457$4,489$3,672$2,990$1,780
19 years$6,182$5,058$4,109$3,318$2,665$1,531
20 years$5,812$4,700$3,771$3,005$2,381$1,320
21 years$5,477$4,378$3,469$2,727$2,131$1,139
22 years$5,173$4,086$3,197$2,480$1,910$984
23 years$4,895$3,822$2,952$2,258$1,714$851
24 years$4,642$3,581$2,730$2,060$1,541$736
25 years$4,409$3,361$2,529$1,881$1,386$638
26 years$4,194$3,158$2,345$1,720$1,249$553
27 years$3,995$2,972$2,178$1,574$1,126$479
28 years$3,811$2,801$2,024$1,443$1,016$416
29 years$3,640$2,642$1,884$1,323$917$361
30 years$3,481$2,495$1,755$1,214$829$313
31 years$3,332$2,359$1,636$1,115$749$272
32 years$3,193$2,232$1,526$1,025$678$237
33 years$3,062$2,114$1,425$942$614$206
34 years$2,940$2,003$1,332$867$555$179
35 years$2,825$1,900$1,245$798$503$155
36 years$2,716$1,804$1,165$735$456$135
37 years$2,613$1,713$1,090$677$413$117
38 years$2,516$1,628$1,021$624$375$102
39 years$2,425$1,548$956$576$340$89
40 years$2,338$1,473$896$531$308$77
41 years$2,255$1,402$841$490$280$67
42 years$2,177$1,335$788$452$254$58
43 years$2,103$1,272$740$417$230$51
44 years$2,032$1,213$694$385$209$44
45 years$1,964$1,156$652$356$190$38
46 years$1,900$1,103$612$329$172$33
47 years$1,838$1,053$575$304$156$29
48 years$1,780$1,005$541$281$142$25
49 years$1,723$960$508$259$129$22
50 years$1,670$917$478$240$117$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $1,710,000, adding $2,185 every year, while hoping to spend $27,909 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: 52/34/14 Blend
53$1,710,000$1,710,000$1,710,000$1,710,000
54$1,886,674$1,796,044$1,769,539$1,977,583
55$2,049,420$1,854,355$1,799,123$2,098,298
56$2,227,830$1,914,588$1,828,764$2,226,375
57$2,423,474$1,976,808$1,858,432$2,365,042
58$2,638,077$2,041,081$1,888,099$2,515,309
59$2,873,544$2,107,477$1,917,733$2,678,286
60$3,131,970$2,176,067$1,947,301$2,855,195
61$3,415,662$2,246,926$1,976,768$3,047,379
62$3,727,165$2,320,130$2,006,094$3,256,319
63$4,069,279$2,395,760$2,035,241$3,483,641
64$4,445,089$2,473,896$2,064,166$3,731,138
65$4,857,995$2,554,624$2,092,823$4,000,781
66$5,311,743$2,638,033$2,121,165$4,294,740
67$5,810,457$2,724,213$2,149,140$4,615,406
68$6,358,683$2,813,258$2,176,695$4,965,408
69$6,961,428$2,905,267$2,203,774$5,347,643
70$7,624,208$3,000,340$2,230,315$5,765,300
71$8,353,103$3,098,583$2,256,257$6,221,889
72$9,154,809$3,200,103$2,281,531$6,721,278
73$10,036,705$3,305,012$2,306,067$7,267,724
74$11,006,918$3,413,428$2,329,790$7,865,917
75$12,074,408$3,525,470$2,352,621$8,521,021
76$13,249,042$3,641,262$2,374,478$9,238,723
77$14,541,694$3,760,934$2,395,274$10,025,290
78$15,964,347$3,884,619$2,414,915$10,887,620
79$17,530,201$4,012,457$2,433,305$11,833,314
80$19,253,803$4,144,589$2,450,343$12,870,745
81$21,151,181$4,281,164$2,465,920$14,009,135
82$23,239,997$4,422,337$2,479,924$15,258,642
83$25,539,712$4,568,266$2,492,236$16,630,460
84$28,071,768$4,719,116$2,502,731$18,136,916
85$30,859,794$4,875,059$2,511,279$19,791,593
86$33,929,828$5,036,271$2,517,741$21,609,454
87$37,310,558$5,202,936$2,521,973$23,606,985
88$41,033,599$5,375,245$2,523,824$25,802,348
89$45,133,788$5,553,393$2,523,133$28,215,552
90$49,649,510$5,737,586$2,519,735$30,868,644
91$54,623,067$5,928,034$2,513,452$33,785,913
92$60,101,070$6,124,958$2,504,103$36,994,122
93$66,134,882$6,328,584$2,491,493$40,522,758
94$72,781,103$6,539,148$2,475,422$44,404,309
95$80,102,104$6,756,894$2,455,676$48,674,573
96$88,166,612$6,982,075$2,432,035$53,372,992
97$97,050,364$7,214,955$2,404,266$58,543,026
98$106,836,818$7,455,804$2,372,126$64,232,563
99$117,617,941$7,704,906$2,335,359$70,494,366
100$129,495,076$7,962,552$2,293,700$77,386,577