Can I retire at age 54 with 1,740,000?

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 $1,740,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.7%
1 years$143,688$142,408$141,159$139,940$138,750$134,958
2 years$71,132$69,808$68,524$67,279$66,071$62,279
3 years$46,951$45,620$44,339$43,106$41,918$38,244
4 years$34,862$33,536$32,268$31,056$29,897$26,368
5 years$27,611$26,292$25,041$23,854$22,727$19,354
6 years$22,778$21,470$20,237$19,076$17,983$14,770
7 years$19,328$18,030$16,817$15,683$14,625$11,571
8 years$16,741$15,455$14,262$13,156$12,133$9,237
9 years$14,730$13,457$12,284$11,206$10,218$7,476
10 years$13,122$11,861$10,709$9,660$8,706$6,116
11 years$11,808$10,559$9,428$8,407$7,487$5,045
12 years$10,713$9,478$8,367$7,374$6,488$4,189
13 years$9,788$8,565$7,476$6,510$5,658$3,496
14 years$8,995$7,785$6,717$5,779$4,960$2,931
15 years$8,309$7,112$6,065$5,154$4,367$2,466
16 years$7,709$6,525$5,498$4,615$3,860$2,080
17 years$7,180$6,009$5,003$4,146$3,422$1,759
18 years$6,711$5,553$4,567$3,737$3,043$1,491
19 years$6,291$5,146$4,181$3,376$2,712$1,266
20 years$5,914$4,782$3,837$3,058$2,423$1,076
21 years$5,573$4,455$3,530$2,775$2,168$916
22 years$5,263$4,158$3,253$2,523$1,943$780
23 years$4,981$3,889$3,004$2,298$1,744$665
24 years$4,723$3,644$2,778$2,096$1,568$568
25 years$4,486$3,419$2,573$1,914$1,411$485
26 years$4,267$3,214$2,386$1,750$1,271$414
27 years$4,065$3,025$2,216$1,602$1,146$354
28 years$3,878$2,850$2,060$1,468$1,034$302
29 years$3,704$2,689$1,917$1,346$934$259
30 years$3,542$2,539$1,786$1,235$843$221
31 years$3,391$2,400$1,665$1,135$763$189
32 years$3,249$2,271$1,553$1,043$690$162
33 years$3,116$2,151$1,450$959$624$139
34 years$2,991$2,039$1,355$882$565$119
35 years$2,874$1,934$1,267$812$512$102
36 years$2,764$1,835$1,185$748$464$87
37 years$2,659$1,743$1,109$689$420$75
38 years$2,561$1,656$1,039$635$381$64
39 years$2,467$1,575$973$586$346$55
40 years$2,379$1,499$912$540$313$47
41 years$2,295$1,427$855$498$284$40
42 years$2,215$1,359$802$460$258$34
43 years$2,139$1,294$753$425$234$29
44 years$2,067$1,234$707$392$213$25
45 years$1,999$1,177$664$362$193$22
46 years$1,933$1,122$623$334$175$19
47 years$1,871$1,071$585$309$159$16
48 years$1,811$1,023$550$286$145$14
49 years$1,754$977$517$264$131$12
50 years$1,699$933$486$244$119$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $1,740,000, adding $5,396 every year, while hoping to spend $31,144 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: 70/20/10 Blend
53$1,740,000$1,740,000$1,740,000$1,740,000
54$1,923,046$1,830,826$1,803,856$2,053,503
55$2,086,060$1,887,399$1,831,148$2,197,214
56$2,264,657$1,945,701$1,858,311$2,350,111
57$2,460,395$2,005,783$1,885,307$2,516,589
58$2,674,987$2,067,698$1,912,096$2,697,978
59$2,910,322$2,131,502$1,938,638$2,895,741
60$3,168,479$2,197,250$1,964,887$3,111,491
61$3,451,750$2,265,001$1,990,796$3,347,000
62$3,762,657$2,334,815$2,016,317$3,604,225
63$4,103,979$2,406,752$2,041,395$3,885,315
64$4,478,779$2,480,877$2,065,975$4,192,640
65$4,890,428$2,557,254$2,089,999$4,528,810
66$5,342,642$2,635,949$2,113,405$4,896,697
67$5,839,514$2,717,033$2,136,126$5,299,468
68$6,385,552$2,800,576$2,158,094$5,740,608
69$6,985,724$2,886,650$2,179,236$6,223,956
70$7,645,502$2,975,330$2,199,475$6,753,742
71$8,370,916$3,066,693$2,218,729$7,334,624
72$9,168,607$3,160,819$2,236,915$7,971,735
73$10,045,894$3,257,788$2,253,940$8,670,728
74$11,010,840$3,357,685$2,269,713$9,437,830
75$12,072,330$3,460,595$2,284,131$10,279,903
76$13,240,150$3,566,607$2,297,092$11,204,504
77$14,525,085$3,675,811$2,308,485$12,219,961
78$15,939,020$3,788,301$2,318,195$13,335,448
79$17,495,045$3,904,173$2,326,100$14,561,073
80$19,207,587$4,023,525$2,332,072$15,907,971
81$21,092,542$4,146,459$2,335,978$17,388,413
82$23,167,425$4,273,079$2,337,676$19,015,915
83$25,451,534$4,403,492$2,337,020$20,805,374
84$27,966,135$4,537,808$2,333,855$22,773,200
85$30,734,660$4,676,139$2,328,018$24,937,475
86$33,782,927$4,818,602$2,319,338$27,318,124
87$37,139,388$4,965,315$2,307,638$29,937,100
88$40,835,391$5,116,401$2,292,730$32,818,592
89$44,905,482$5,271,986$2,274,417$35,989,255
90$49,387,726$5,432,198$2,252,495$39,478,458
91$54,324,068$5,597,170$2,226,748$43,318,564
92$59,760,730$5,767,038$2,196,950$47,545,233
93$65,748,642$5,941,941$2,162,866$52,197,758
94$72,343,929$6,122,022$2,124,248$57,319,439
95$79,608,437$6,307,428$2,080,837$62,957,988
96$87,610,316$6,498,310$2,032,363$69,165,980
97$96,424,663$6,694,822$1,978,543$76,001,348
98$106,134,234$6,897,124$1,919,079$83,527,933
99$116,830,220$7,105,377$1,853,663$91,816,082
100$128,613,111$7,319,749$1,781,969$100,943,316