Can I retire at age 54 with 1,770,000?

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 $1,770,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.8%
1 years$146,165$144,863$143,593$142,353$141,142$135,596
2 years$72,359$71,011$69,705$68,439$67,211$61,691
3 years$47,760$46,407$45,104$43,849$42,641$37,321
4 years$35,463$34,114$32,824$31,591$30,412$25,333
5 years$28,087$26,746$25,473$24,265$23,119$18,293
6 years$23,171$21,840$20,586$19,405$18,293$13,724
7 years$19,661$18,341$17,107$15,954$14,877$10,563
8 years$17,030$15,722$14,508$13,383$12,342$8,279
9 years$14,984$13,689$12,496$11,400$10,394$6,576
10 years$13,349$12,066$10,894$9,827$8,856$5,275
11 years$12,012$10,741$9,591$8,552$7,616$4,265
12 years$10,898$9,641$8,512$7,501$6,600$3,469
13 years$9,957$8,713$7,605$6,623$5,756$2,835
14 years$9,150$7,920$6,833$5,879$5,045$2,326
15 years$8,452$7,235$6,169$5,243$4,442$1,914
16 years$7,842$6,638$5,593$4,694$3,926$1,579
17 years$7,304$6,113$5,090$4,218$3,481$1,305
18 years$6,826$5,649$4,646$3,801$3,095$1,081
19 years$6,399$5,235$4,253$3,435$2,759$896
20 years$6,016$4,865$3,904$3,111$2,464$744
21 years$5,669$4,531$3,590$2,823$2,205$618
22 years$5,354$4,230$3,309$2,567$1,977$514
23 years$5,067$3,956$3,055$2,338$1,774$428
24 years$4,805$3,707$2,826$2,132$1,595$356
25 years$4,563$3,478$2,617$1,947$1,435$297
26 years$4,341$3,269$2,427$1,780$1,293$247
27 years$4,135$3,077$2,254$1,630$1,166$206
28 years$3,945$2,899$2,095$1,493$1,052$172
29 years$3,768$2,735$1,950$1,369$950$143
30 years$3,603$2,583$1,816$1,257$858$119
31 years$3,449$2,442$1,693$1,154$776$100
32 years$3,305$2,310$1,580$1,061$702$83
33 years$3,170$2,188$1,475$975$635$69
34 years$3,043$2,074$1,378$897$575$58
35 years$2,924$1,967$1,289$826$521$48
36 years$2,811$1,867$1,205$761$472$40
37 years$2,705$1,773$1,128$701$428$34
38 years$2,605$1,685$1,057$646$388$28
39 years$2,510$1,602$990$596$352$23
40 years$2,420$1,524$928$550$319$20
41 years$2,335$1,451$870$507$289$16
42 years$2,253$1,382$816$468$263$14
43 years$2,176$1,317$766$432$238$11
44 years$2,103$1,255$719$399$216$9
45 years$2,033$1,197$675$368$196$8
46 years$1,966$1,142$634$340$178$7
47 years$1,903$1,090$596$314$162$6
48 years$1,842$1,040$560$290$147$5
49 years$1,784$993$526$268$134$4
50 years$1,728$949$495$248$121$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $1,770,000, adding $4,315 every year, while hoping to spend $36,043 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: 23/48/29 Blend
53$1,770,000$1,770,000$1,770,000$1,770,000
54$1,954,991$1,861,181$1,833,746$1,982,003
55$2,116,051$1,914,029$1,856,827$2,058,779
56$2,292,330$1,968,259$1,879,473$2,137,621
57$2,485,344$2,023,900$1,901,632$2,221,271
58$2,696,761$2,080,983$1,923,248$2,310,150
59$2,928,416$2,139,536$1,944,262$2,404,721
60$3,182,332$2,199,591$1,964,612$2,505,495
61$3,460,737$2,261,178$1,984,234$2,613,031
62$3,766,084$2,324,328$2,003,058$2,727,945
63$4,101,076$2,389,071$2,021,012$2,850,918
64$4,468,688$2,455,439$2,038,019$2,982,695
65$4,872,201$2,523,461$2,053,998$3,124,100
66$5,315,224$2,593,170$2,068,866$3,276,038
67$5,801,736$2,664,595$2,082,532$3,439,506
68$6,336,120$2,737,767$2,094,904$3,615,601
69$6,923,204$2,812,716$2,105,883$3,805,535
70$7,568,304$2,889,474$2,115,364$4,010,639
71$8,277,282$2,968,069$2,123,239$4,232,380
72$9,056,591$3,048,530$2,129,394$4,472,375
73$9,913,344$3,130,888$2,133,709$4,732,405
74$10,855,373$3,215,171$2,136,057$5,014,433
75$11,891,312$3,301,405$2,136,306$5,320,621
76$13,030,671$3,389,619$2,134,317$5,653,352
77$14,283,927$3,479,838$2,129,944$6,015,250
78$15,662,626$3,572,088$2,123,035$6,409,209
79$17,179,486$3,666,393$2,113,429$6,838,418
80$18,848,524$3,762,775$2,100,959$7,306,389
81$20,685,180$3,861,258$2,085,448$7,816,996
82$22,706,469$3,961,861$2,066,711$8,374,505
83$24,931,139$4,064,602$2,044,556$8,983,621
84$27,379,847$4,169,499$2,018,780$9,649,525
85$30,075,353$4,276,566$1,989,171$10,377,933
86$33,042,738$4,385,817$1,955,508$11,175,140
87$36,309,637$4,497,262$1,917,557$12,048,088
88$39,906,500$4,610,908$1,875,075$13,004,424
89$43,866,882$4,726,761$1,827,809$14,052,581
90$48,227,755$4,844,823$1,775,492$15,201,851
91$53,029,860$4,965,094$1,717,845$16,462,477
92$58,318,091$5,087,569$1,654,578$17,845,747
93$64,141,916$5,212,239$1,585,385$19,364,106
94$70,555,845$5,339,092$1,509,950$21,031,267
95$77,619,945$5,468,113$1,427,937$22,862,347
96$85,400,408$5,599,278$1,339,001$24,874,009
97$93,970,169$5,732,562$1,242,777$27,084,616
98$103,409,601$5,867,933$1,138,886$29,514,411
99$113,807,272$6,005,353$1,026,930$32,185,703
100$125,260,777$6,144,778$906,495$35,123,084