Can I retire at age 54 with 1,830,000?

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 $1,830,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.7%
1 years$151,120$149,774$148,460$147,178$145,927$144,283
2 years$74,812$73,418$72,068$70,759$69,489$67,834
3 years$49,379$47,980$46,633$45,336$44,087$42,472
4 years$36,665$35,270$33,937$32,662$31,443$29,881
5 years$29,039$27,652$26,336$25,088$23,902$22,398
6 years$23,956$22,580$21,284$20,063$18,913$17,468
7 years$20,327$18,963$17,687$16,495$15,381$13,996
8 years$17,607$16,255$15,000$13,837$12,760$11,435
9 years$15,492$14,153$12,919$11,786$10,746$9,479
10 years$13,801$12,475$11,263$10,160$9,156$7,948
11 years$12,419$11,106$9,916$8,842$7,875$6,724
12 years$11,267$9,968$8,800$7,756$6,824$5,729
13 years$10,294$9,008$7,862$6,847$5,951$4,910
14 years$9,460$8,188$7,064$6,078$5,216$4,229
15 years$8,739$7,480$6,378$5,421$4,593$3,658
16 years$8,108$6,863$5,783$4,853$4,059$3,174
17 years$7,551$6,320$5,262$4,361$3,599$2,762
18 years$7,058$5,840$4,804$3,930$3,200$2,410
19 years$6,616$5,413$4,398$3,551$2,852$2,107
20 years$6,220$5,030$4,036$3,216$2,548$1,846
21 years$5,861$4,685$3,712$2,919$2,280$1,620
22 years$5,536$4,373$3,421$2,654$2,044$1,423
23 years$5,239$4,090$3,159$2,417$1,835$1,252
24 years$4,967$3,832$2,922$2,204$1,649$1,102
25 years$4,718$3,596$2,706$2,013$1,484$971
26 years$4,488$3,380$2,510$1,841$1,337$857
27 years$4,276$3,181$2,330$1,685$1,205$756
28 years$4,079$2,997$2,166$1,544$1,087$668
29 years$3,896$2,828$2,016$1,416$982$590
30 years$3,725$2,670$1,878$1,299$887$522
31 years$3,566$2,524$1,751$1,193$802$462
32 years$3,417$2,389$1,633$1,097$726$408
33 years$3,277$2,262$1,525$1,008$657$361
34 years$3,146$2,144$1,425$928$594$320
35 years$3,023$2,034$1,332$854$538$283
36 years$2,906$1,930$1,246$787$488$251
37 years$2,797$1,833$1,167$725$442$222
38 years$2,693$1,742$1,092$668$401$197
39 years$2,595$1,657$1,023$616$364$175
40 years$2,502$1,576$959$568$330$155
41 years$2,414$1,500$899$524$299$137
42 years$2,330$1,429$844$484$271$122
43 years$2,250$1,361$792$447$246$108
44 years$2,174$1,298$743$412$224$96
45 years$2,102$1,237$698$381$203$85
46 years$2,033$1,181$655$352$184$75
47 years$1,967$1,127$616$325$167$67
48 years$1,904$1,075$579$300$152$59
49 years$1,844$1,027$544$278$138$52
50 years$1,787$981$511$257$125$47

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $1,830,000, adding $3,133 every year, while hoping to spend $33,799 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: 56/36/8 Blend
53$1,830,000$1,830,000$1,830,000$1,830,000
54$2,019,892$1,922,902$1,894,537$2,129,070
55$2,189,959$1,981,162$1,922,042$2,261,333
56$2,376,240$2,041,144$1,949,336$2,401,287
57$2,580,353$2,102,897$1,976,375$2,552,895
58$2,804,081$2,166,471$2,003,115$2,717,274
59$3,049,385$2,231,916$2,029,508$2,895,650
60$3,318,429$2,299,286$2,055,502$3,089,372
61$3,613,591$2,368,634$2,081,045$3,299,926
62$3,937,496$2,440,016$2,106,078$3,528,946
63$4,293,032$2,513,487$2,130,543$3,778,232
64$4,683,380$2,589,108$2,154,376$4,049,764
65$5,112,047$2,666,936$2,177,509$4,345,722
66$5,582,893$2,747,033$2,199,872$4,668,507
67$6,100,172$2,829,461$2,221,392$5,020,761
68$6,668,569$2,914,285$2,241,989$5,405,393
69$7,293,248$3,001,569$2,261,580$5,825,609
70$7,979,896$3,091,382$2,280,079$6,284,934
71$8,734,777$3,183,793$2,297,394$6,787,256
72$9,564,796$3,278,870$2,313,429$7,336,852
73$10,477,558$3,376,687$2,328,081$7,938,435
74$11,481,442$3,477,318$2,341,244$8,597,196
75$12,585,680$3,580,837$2,352,807$9,318,850
76$13,800,443$3,687,322$2,362,650$10,109,695
77$15,136,940$3,796,852$2,370,650$10,976,667
78$16,607,518$3,909,509$2,376,677$11,927,405
79$18,225,784$4,025,373$2,380,595$12,970,327
80$20,006,728$4,144,530$2,382,259$14,114,704
81$21,966,868$4,267,067$2,381,519$15,370,750
82$24,124,406$4,393,070$2,378,217$16,749,717
83$26,499,395$4,522,630$2,372,187$18,264,002
84$29,113,934$4,655,840$2,363,256$19,927,262
85$31,992,371$4,792,792$2,351,241$21,754,544
86$35,161,536$4,933,582$2,335,951$23,762,425
87$38,650,994$5,078,308$2,317,186$25,969,172
88$42,493,320$5,227,070$2,294,736$28,394,907
89$46,724,411$5,379,969$2,268,382$31,061,804
90$51,383,821$5,537,108$2,237,894$33,994,292
91$56,515,138$5,698,593$2,203,030$37,219,290
92$62,166,388$5,864,531$2,163,538$40,766,458
93$68,390,498$6,035,031$2,119,154$44,668,475
94$75,245,786$6,210,204$2,069,603$48,961,351
95$82,796,516$6,390,164$2,014,595$53,684,763
96$91,113,503$6,575,025$1,953,827$58,882,432
97$100,274,784$6,764,904$1,886,983$64,602,534
98$110,366,347$6,959,920$1,813,732$70,898,152
99$121,482,952$7,160,193$1,733,729$77,827,780
100$133,729,016$7,365,846$1,646,612$85,455,874