Can I retire at age 54 with 1,750,000?

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 $1,750,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.5%
1 years$144,513$143,226$141,970$140,744$139,547$134,757
2 years$71,541$70,209$68,918$67,666$66,451$61,674
3 years$47,220$45,882$44,594$43,354$42,159$37,545
4 years$35,062$33,728$32,453$31,234$30,068$25,652
5 years$27,769$26,443$25,185$23,991$22,858$18,651
6 years$22,909$21,593$20,353$19,186$18,086$14,093
7 years$19,439$18,134$16,914$15,774$14,709$10,929
8 years$16,837$15,544$14,344$13,232$12,203$8,632
9 years$14,815$13,534$12,355$11,271$10,276$6,911
10 years$13,198$11,929$10,771$9,716$8,756$5,590
11 years$11,876$10,620$9,483$8,455$7,530$4,558
12 years$10,775$9,532$8,416$7,417$6,526$3,739
13 years$9,844$8,614$7,519$6,548$5,691$3,083
14 years$9,047$7,830$6,756$5,812$4,988$2,553
15 years$8,357$7,153$6,099$5,184$4,392$2,120
16 years$7,753$6,563$5,530$4,641$3,882$1,766
17 years$7,221$6,044$5,032$4,170$3,442$1,474
18 years$6,749$5,585$4,594$3,758$3,060$1,232
19 years$6,327$5,176$4,205$3,396$2,728$1,032
20 years$5,948$4,810$3,859$3,076$2,436$865
21 years$5,605$4,480$3,550$2,791$2,180$726
22 years$5,294$4,182$3,272$2,538$1,954$610
23 years$5,010$3,911$3,021$2,311$1,754$513
24 years$4,750$3,665$2,794$2,108$1,577$431
25 years$4,512$3,439$2,588$1,925$1,419$363
26 years$4,292$3,232$2,400$1,760$1,278$306
27 years$4,089$3,042$2,229$1,611$1,152$258
28 years$3,900$2,866$2,072$1,476$1,040$217
29 years$3,725$2,704$1,928$1,354$939$183
30 years$3,562$2,554$1,796$1,242$848$154
31 years$3,410$2,414$1,674$1,141$767$130
32 years$3,268$2,284$1,562$1,049$694$110
33 years$3,134$2,163$1,458$964$628$92
34 years$3,009$2,050$1,363$887$568$78
35 years$2,891$1,945$1,274$817$515$66
36 years$2,779$1,846$1,192$752$467$55
37 years$2,674$1,753$1,116$693$423$47
38 years$2,575$1,666$1,045$639$383$39
39 years$2,481$1,584$979$589$348$33
40 years$2,393$1,507$917$543$315$28
41 years$2,308$1,435$860$501$286$24
42 years$2,228$1,366$807$463$260$20
43 years$2,152$1,302$757$427$236$17
44 years$2,079$1,241$711$394$214$14
45 years$2,010$1,183$667$364$194$12
46 years$1,944$1,129$627$336$176$10
47 years$1,881$1,077$589$311$160$9
48 years$1,821$1,028$553$287$145$7
49 years$1,764$982$520$265$132$6
50 years$1,709$938$489$245$120$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $1,750,000, adding $4,823 every year, while hoping to spend $43,997 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: 55/22/23 Blend
53$1,750,000$1,750,000$1,750,000$1,750,000
54$1,933,475$1,840,725$1,813,600$2,027,412
55$2,083,877$1,884,108$1,827,543$2,135,760
56$2,248,145$1,928,142$1,840,479$2,248,670
57$2,427,648$1,972,813$1,852,327$2,370,705
58$2,623,891$2,018,104$1,863,003$2,502,755
59$2,838,532$2,063,996$1,872,418$2,645,799
60$3,073,398$2,110,467$1,880,479$2,800,916
61$3,330,498$2,157,493$1,887,088$2,969,297
62$3,612,046$2,205,047$1,892,143$3,152,252
63$3,920,479$2,253,099$1,895,534$3,351,226
64$4,258,483$2,301,616$1,897,150$3,567,811
65$4,629,014$2,350,561$1,896,870$3,803,765
66$5,035,329$2,399,893$1,894,570$4,061,020
67$5,481,013$2,449,569$1,890,119$4,341,710
68$5,970,018$2,499,539$1,883,380$4,648,186
69$6,506,694$2,549,751$1,874,207$4,983,037
70$7,095,835$2,600,147$1,862,452$5,349,122
71$7,742,721$2,650,665$1,847,954$5,749,586
72$8,453,166$2,701,235$1,830,548$6,187,901
73$9,233,579$2,751,786$1,810,061$6,667,892
74$10,091,017$2,802,236$1,786,311$7,193,774
75$11,033,255$2,852,500$1,759,107$7,770,197
76$12,068,860$2,902,485$1,728,250$8,402,282
77$13,207,268$2,952,091$1,693,531$9,095,677
78$14,458,876$3,001,210$1,654,731$9,856,607
79$15,835,139$3,049,727$1,611,622$10,691,934
80$17,348,676$3,097,517$1,563,965$11,609,221
81$19,013,393$3,144,447$1,511,509$12,616,806
82$20,844,608$3,190,374$1,453,994$13,723,879
83$22,859,200$3,235,145$1,391,145$14,940,570
84$25,075,767$3,278,595$1,322,676$16,278,046
85$27,514,798$3,320,549$1,248,289$17,748,613
86$30,198,872$3,360,821$1,167,671$19,365,840
87$33,152,865$3,399,209$1,080,496$21,144,679
88$36,404,186$3,435,499$986,422$23,101,615
89$39,983,039$3,469,465$885,093$25,254,816
90$43,922,702$3,500,862$776,137$27,624,308
91$48,259,845$3,529,431$659,164$30,232,164
92$53,034,873$3,554,897$533,770$33,102,715
93$58,292,308$3,576,964$399,529$36,262,775
94$64,081,209$3,595,322$255,999$39,741,905
95$70,455,636$3,609,636$102,718$43,572,681
96$77,475,155$3,619,553$0$47,791,013
97$85,205,407$3,624,696$0$52,451,413
98$93,718,719$3,624,667$0$57,610,440
99$103,094,794$3,619,041$0$63,291,068
100$113,421,456$3,607,368$0$69,546,422