Can I retire at age 54 with 1,800,000?

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 $1,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.2%
1 years$148,642$147,318$146,027$144,766$143,535$138,222
2 years$73,585$72,215$70,887$69,599$68,350$63,057
3 years$48,570$47,193$45,868$44,593$43,364$38,258
4 years$36,064$34,692$33,380$32,127$30,928$26,048
5 years$28,563$27,199$25,905$24,676$23,511$18,869
6 years$23,564$22,210$20,935$19,734$18,603$14,203
7 years$19,994$18,652$17,397$16,224$15,129$10,970
8 years$17,318$15,988$14,754$13,610$12,551$8,628
9 years$15,238$13,921$12,708$11,593$10,570$6,878
10 years$13,575$12,270$11,079$9,993$9,006$5,539
11 years$12,215$10,924$9,754$8,697$7,746$4,496
12 years$11,083$9,804$8,656$7,628$6,712$3,671
13 years$10,125$8,860$7,734$6,735$5,853$3,013
14 years$9,305$8,054$6,949$5,978$5,131$2,482
15 years$8,595$7,357$6,274$5,332$4,518$2,052
16 years$7,975$6,750$5,688$4,774$3,993$1,700
17 years$7,428$6,217$5,176$4,289$3,540$1,412
18 years$6,942$5,744$4,725$3,866$3,148$1,174
19 years$6,508$5,324$4,325$3,493$2,806$978
20 years$6,118$4,947$3,970$3,163$2,506$816
21 years$5,765$4,608$3,651$2,871$2,243$681
22 years$5,445$4,302$3,365$2,610$2,010$569
23 years$5,153$4,023$3,107$2,377$1,804$476
24 years$4,886$3,769$2,874$2,168$1,622$398
25 years$4,641$3,537$2,662$1,980$1,459$333
26 years$4,415$3,325$2,468$1,811$1,315$279
27 years$4,206$3,129$2,292$1,657$1,185$233
28 years$4,012$2,948$2,131$1,518$1,069$196
29 years$3,832$2,781$1,983$1,392$966$164
30 years$3,664$2,627$1,847$1,278$873$137
31 years$3,507$2,483$1,722$1,174$789$115
32 years$3,361$2,350$1,607$1,079$714$97
33 years$3,224$2,225$1,500$992$646$81
34 years$3,095$2,109$1,402$913$585$68
35 years$2,973$2,000$1,310$840$530$57
36 years$2,859$1,898$1,226$774$480$48
37 years$2,751$1,803$1,147$713$435$40
38 years$2,649$1,714$1,074$657$394$34
39 years$2,552$1,629$1,007$606$358$28
40 years$2,461$1,550$944$559$324$24
41 years$2,374$1,476$885$516$294$20
42 years$2,292$1,405$830$476$267$17
43 years$2,213$1,339$779$439$242$14
44 years$2,139$1,276$731$406$220$12
45 years$2,068$1,217$686$375$200$10
46 years$2,000$1,161$645$346$181$8
47 years$1,935$1,108$606$320$165$7
48 years$1,873$1,058$569$295$149$6
49 years$1,814$1,010$535$273$136$5
50 years$1,757$965$503$252$123$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $1,800,000, adding $2,869 every year, while hoping to spend $25,754 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: 78/12/10 Blend
53$1,800,000$1,800,000$1,800,000$1,800,000
54$1,986,559$1,891,159$1,863,259$2,137,931
55$2,161,786$1,956,424$1,898,277$2,303,080
56$2,354,023$2,024,024$1,933,604$2,480,556
57$2,564,978$2,094,045$1,969,224$2,674,459
58$2,796,532$2,166,580$2,005,119$2,886,415
59$3,050,757$2,241,721$2,041,269$3,118,216
60$3,329,936$2,319,566$2,077,653$3,371,833
61$3,636,583$2,400,219$2,114,248$3,649,439
62$3,973,468$2,483,783$2,151,029$3,953,425
63$4,343,643$2,570,370$2,187,970$4,286,425
64$4,750,470$2,660,093$2,225,042$4,651,341
65$5,197,652$2,753,072$2,262,215$5,051,368
66$5,689,269$2,849,430$2,299,456$5,490,026
67$6,229,818$2,949,295$2,336,731$5,971,191
68$6,824,250$3,052,801$2,374,002$6,499,133
69$7,478,022$3,160,087$2,411,230$7,078,557
70$8,197,147$3,271,298$2,448,373$7,714,644
71$8,988,248$3,386,583$2,485,385$8,413,102
72$9,858,623$3,506,100$2,522,220$9,180,220
73$10,816,314$3,630,010$2,558,826$10,022,924
74$11,870,182$3,758,484$2,595,150$10,948,846
75$13,029,988$3,891,697$2,631,134$11,966,395
76$14,306,488$4,029,832$2,666,719$13,084,833
77$15,711,537$4,173,081$2,701,841$14,314,365
78$17,258,193$4,321,641$2,736,432$15,666,236
79$18,960,846$4,475,718$2,770,420$17,152,832
80$20,835,352$4,635,529$2,803,729$18,787,804
81$22,899,184$4,801,296$2,836,280$20,586,189
82$25,171,594$4,973,253$2,867,989$22,564,556
83$27,673,795$5,151,641$2,898,765$24,741,162
84$30,429,164$5,336,713$2,928,515$27,136,121
85$33,463,459$5,528,732$2,957,140$29,771,597
86$36,805,063$5,727,971$2,984,536$32,672,012
87$40,485,253$5,934,715$3,010,592$35,864,275
88$44,538,494$6,149,261$3,035,192$39,378,035
89$49,002,764$6,371,918$3,058,214$43,245,963
90$53,919,911$6,603,007$3,079,529$47,504,059
91$59,336,052$6,842,864$3,099,003$52,191,989
92$65,302,002$7,091,838$3,116,493$57,353,464
93$71,873,761$7,350,292$3,131,850$63,036,648
94$79,113,033$7,618,606$3,144,916$69,294,612
95$87,087,819$7,897,173$3,155,526$76,185,838
96$95,873,048$8,186,406$3,163,508$83,774,767
97$105,551,291$8,486,733$3,168,678$92,132,412
98$116,213,541$8,798,601$3,170,846$101,337,018
99$127,960,064$9,122,474$3,169,812$111,474,813
100$140,901,354$9,458,839$3,165,364$122,640,810