Can I retire at age 54 with 1,810,000?

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 $1,810,000?

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$149,468$148,137$146,838$145,570$144,332$138,660
2 years$73,994$72,616$71,280$69,986$68,729$63,085
3 years$48,839$47,455$46,123$44,840$43,605$38,165
4 years$36,265$34,885$33,566$32,305$31,099$25,905
5 years$28,722$27,350$26,048$24,813$23,641$18,707
6 years$23,695$22,333$21,051$19,843$18,706$14,034
7 years$20,105$18,756$17,494$16,314$15,213$10,802
8 years$17,414$16,077$14,836$13,686$12,621$8,466
9 years$15,323$13,998$12,778$11,657$10,629$6,724
10 years$13,650$12,338$11,140$10,049$9,056$5,395
11 years$12,283$10,984$9,808$8,745$7,789$4,361
12 years$11,144$9,859$8,704$7,671$6,749$3,547
13 years$10,182$8,909$7,777$6,772$5,886$2,899
14 years$9,357$8,098$6,987$6,012$5,159$2,379
15 years$8,643$7,398$6,309$5,361$4,543$1,957
16 years$8,019$6,788$5,720$4,800$4,015$1,615
17 years$7,469$6,251$5,205$4,313$3,560$1,335
18 years$6,980$5,776$4,751$3,887$3,165$1,105
19 years$6,544$5,353$4,349$3,512$2,821$917
20 years$6,152$4,975$3,992$3,181$2,520$761
21 years$5,797$4,634$3,672$2,887$2,255$632
22 years$5,475$4,325$3,384$2,625$2,021$526
23 years$5,182$4,045$3,124$2,391$1,815$437
24 years$4,913$3,790$2,890$2,180$1,631$364
25 years$4,666$3,557$2,676$1,991$1,468$303
26 years$4,439$3,343$2,482$1,821$1,322$253
27 years$4,229$3,146$2,305$1,666$1,192$211
28 years$4,034$2,965$2,143$1,527$1,075$176
29 years$3,853$2,797$1,994$1,400$971$146
30 years$3,684$2,641$1,857$1,285$877$122
31 years$3,527$2,497$1,732$1,180$793$102
32 years$3,380$2,363$1,616$1,085$718$85
33 years$3,241$2,237$1,508$997$649$71
34 years$3,112$2,121$1,409$918$588$59
35 years$2,990$2,011$1,318$845$533$49
36 years$2,875$1,909$1,233$778$483$41
37 years$2,766$1,813$1,154$717$437$34
38 years$2,664$1,723$1,080$661$396$29
39 years$2,567$1,639$1,012$609$360$24
40 years$2,475$1,559$949$562$326$20
41 years$2,387$1,484$890$518$296$17
42 years$2,304$1,413$835$478$268$14
43 years$2,226$1,347$783$442$244$12
44 years$2,151$1,284$735$408$221$10
45 years$2,079$1,224$690$377$201$8
46 years$2,011$1,168$648$348$182$7
47 years$1,946$1,114$609$321$166$6
48 years$1,884$1,064$572$297$150$5
49 years$1,824$1,016$538$274$137$4
50 years$1,767$970$506$254$124$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $1,810,000, adding $2,101 every year, while hoping to spend $35,445 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: 67/6/27 Blend
53$1,810,000$1,810,000$1,810,000$1,810,000
54$1,996,787$1,900,857$1,872,802$2,116,370
55$2,162,746$1,956,286$1,897,828$2,252,579
56$2,344,445$2,013,243$1,922,504$2,397,301
57$2,543,452$2,071,765$1,946,781$2,554,792
58$2,761,494$2,131,891$1,970,608$2,726,315
59$3,000,472$2,193,659$1,993,929$2,913,262
60$3,262,481$2,257,110$2,016,686$3,117,166
61$3,549,827$2,322,281$2,038,819$3,339,715
62$3,865,052$2,389,216$2,060,262$3,582,769
63$4,210,954$2,457,954$2,080,947$3,848,380
64$4,590,615$2,528,538$2,100,803$4,138,804
65$5,007,432$2,601,010$2,119,754$4,456,532
66$5,465,144$2,675,413$2,137,719$4,804,305
67$5,967,871$2,751,791$2,154,615$5,185,145
68$6,520,153$2,830,188$2,170,354$5,602,382
69$7,126,990$2,910,648$2,184,842$6,059,684
70$7,793,890$2,993,218$2,197,982$6,561,094
71$8,526,923$3,077,941$2,209,670$7,111,067
72$9,332,773$3,164,865$2,219,798$7,714,512
73$10,218,808$3,254,035$2,228,254$8,376,841
74$11,193,142$3,345,498$2,234,916$9,104,013
75$12,264,717$3,439,302$2,239,659$9,902,599
76$13,443,383$3,535,493$2,242,353$10,779,839
77$14,739,995$3,634,118$2,242,859$11,743,711
78$16,166,510$3,735,227$2,241,031$12,803,007
79$17,736,106$3,838,865$2,236,717$13,967,417
80$19,463,301$3,945,080$2,229,759$15,247,617
81$21,364,089$4,053,921$2,219,987$16,655,377
82$23,456,097$4,165,434$2,207,228$18,203,662
83$25,758,745$4,279,667$2,191,296$19,906,764
84$28,293,433$4,396,666$2,172,000$21,780,432
85$31,083,738$4,516,478$2,149,138$23,842,022
86$34,155,643$4,639,148$2,122,497$26,110,660
87$37,537,774$4,764,722$2,091,856$28,607,426
88$41,261,678$4,893,245$2,056,985$31,355,550
89$45,362,114$5,024,759$2,017,639$34,380,629
90$49,877,385$5,159,307$1,973,565$37,710,878
91$54,849,696$5,296,931$1,924,497$41,377,387
92$60,325,555$5,437,670$1,870,157$45,414,418
93$66,356,208$5,581,563$1,810,254$49,859,733
94$72,998,128$5,728,646$1,744,484$54,754,942
95$80,313,541$5,878,954$1,672,529$60,145,906
96$88,371,020$6,032,520$1,594,055$66,083,163
97$97,246,124$6,189,373$1,508,716$72,622,406
98$107,022,118$6,349,543$1,416,148$79,825,015
99$117,790,756$6,513,052$1,315,971$87,758,631
100$129,653,145$6,679,923$1,207,788$96,497,796