Can I retire at age 54 with 1,790,000?

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 $1,790,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12%
1 years$147,817$146,500$145,215$143,961$142,737$141,541
2 years$73,176$71,814$70,493$69,212$67,970$66,765
3 years$48,300$46,931$45,614$44,345$43,123$41,946
4 years$35,864$34,499$33,195$31,948$30,756$29,615
5 years$28,404$27,048$25,761$24,539$23,380$22,280
6 years$23,433$22,087$20,818$19,624$18,500$17,442
7 years$19,883$18,548$17,300$16,134$15,045$14,029
8 years$17,222$15,899$14,672$13,534$12,482$11,508
9 years$15,153$13,843$12,637$11,528$10,511$9,579
10 years$13,500$12,202$11,017$9,938$8,956$8,066
11 years$12,147$10,863$9,699$8,649$7,703$6,853
12 years$11,021$9,750$8,608$7,586$6,675$5,865
13 years$10,069$8,811$7,691$6,697$5,821$5,050
14 years$9,254$8,009$6,910$5,945$5,102$4,370
15 years$8,548$7,316$6,239$5,302$4,492$3,797
16 years$7,930$6,713$5,656$4,747$3,970$3,311
17 years$7,386$6,182$5,147$4,265$3,520$2,895
18 years$6,903$5,713$4,699$3,844$3,130$2,539
19 years$6,472$5,294$4,301$3,473$2,790$2,231
20 years$6,084$4,920$3,948$3,146$2,492$1,964
21 years$5,733$4,583$3,631$2,855$2,230$1,732
22 years$5,415$4,278$3,347$2,596$1,999$1,530
23 years$5,125$4,001$3,090$2,364$1,794$1,353
24 years$4,859$3,748$2,858$2,156$1,613$1,198
25 years$4,615$3,518$2,647$1,969$1,451$1,062
26 years$4,390$3,306$2,455$1,801$1,307$942
27 years$4,182$3,111$2,279$1,648$1,179$836
28 years$3,990$2,932$2,119$1,510$1,064$742
29 years$3,810$2,766$1,972$1,385$960$660
30 years$3,644$2,612$1,837$1,271$868$586
31 years$3,488$2,469$1,712$1,167$785$522
32 years$3,342$2,336$1,598$1,073$710$464
33 years$3,206$2,213$1,492$986$642$413
34 years$3,077$2,097$1,394$908$581$368
35 years$2,957$1,989$1,303$835$527$328
36 years$2,843$1,888$1,219$769$477$292
37 years$2,736$1,793$1,141$709$432$260
38 years$2,634$1,704$1,069$653$392$232
39 years$2,538$1,620$1,001$602$356$207
40 years$2,447$1,542$938$556$323$185
41 years$2,361$1,468$880$513$293$165
42 years$2,279$1,398$825$473$265$147
43 years$2,201$1,332$774$437$241$131
44 years$2,127$1,269$727$403$219$117
45 years$2,056$1,210$683$372$199$104
46 years$1,989$1,155$641$344$180$93
47 years$1,924$1,102$602$318$164$83
48 years$1,863$1,052$566$294$149$74
49 years$1,804$1,005$532$271$135$66
50 years$1,748$960$500$251$123$59

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $1,790,000, adding $4,870 every year, while hoping to spend $38,608 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: 36/43/21 Blend
53$1,790,000$1,790,000$1,790,000$1,790,000
54$1,977,603$1,882,733$1,854,988$2,036,071
55$2,138,240$1,933,909$1,876,052$2,130,443
56$2,313,968$1,986,298$1,896,527$2,228,316
57$2,506,286$2,039,919$1,916,353$2,333,189
58$2,716,843$2,094,791$1,935,467$2,445,710
59$2,947,456$2,150,931$1,953,801$2,566,593
60$3,200,128$2,208,358$1,971,284$2,696,626
61$3,477,061$2,267,087$1,987,842$2,836,673
62$3,780,682$2,327,136$2,003,396$2,987,689
63$4,113,665$2,388,519$2,017,863$3,150,722
64$4,478,954$2,451,251$2,031,157$3,326,929
65$4,879,792$2,515,347$2,043,185$3,517,583
66$5,319,751$2,580,819$2,053,852$3,724,085
67$5,802,765$2,647,679$2,063,056$3,947,981
68$6,333,170$2,715,938$2,070,691$4,190,971
69$6,915,739$2,785,605$2,076,645$4,454,930
70$7,555,733$2,856,688$2,080,801$4,741,924
71$8,258,946$2,929,194$2,083,036$5,054,226
72$9,031,761$3,003,127$2,083,220$5,394,344
73$9,881,211$3,078,491$2,081,218$5,765,040
74$10,815,044$3,155,286$2,076,888$6,169,357
75$11,841,794$3,233,511$2,070,080$6,610,648
76$12,970,868$3,313,163$2,060,638$7,092,609
77$14,212,625$3,394,237$2,048,398$7,619,313
78$15,578,481$3,476,723$2,033,188$8,195,247
79$17,081,013$3,560,610$2,014,827$8,825,357
80$18,734,080$3,645,883$1,993,127$9,515,094
81$20,552,951$3,732,526$1,967,891$10,270,463
82$22,554,448$3,820,515$1,938,912$11,098,084
83$24,757,108$3,909,827$1,905,971$12,005,254
84$27,181,355$4,000,431$1,868,844$13,000,012
85$29,849,696$4,092,295$1,827,293$14,091,221
86$32,786,926$4,185,378$1,781,068$15,288,646
87$36,020,369$4,279,638$1,729,910$16,603,052
88$39,580,132$4,375,026$1,673,548$18,046,302
89$43,499,390$4,471,487$1,611,697$19,631,470
90$47,814,699$4,568,961$1,544,059$21,372,968
91$52,566,337$4,667,379$1,470,324$23,286,677
92$57,798,691$4,766,668$1,390,167$25,390,101
93$63,560,668$4,866,745$1,303,248$27,702,535
94$69,906,162$4,967,521$1,209,213$30,245,240
95$76,894,558$5,068,898$1,107,690$33,041,652
96$84,591,298$5,170,769$998,292$36,117,600
97$93,068,490$5,273,016$880,614$39,501,551
98$102,405,595$5,375,513$754,234$43,224,880
99$112,690,174$5,478,122$618,710$47,322,167
100$124,018,716$5,580,694$473,580$51,831,524