Can I retire at age 54 with 1,840,000?

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 $1,840,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.7%
1 years$151,945$150,592$149,272$147,983$146,724$143,879
2 years$75,221$73,820$72,462$71,146$69,869$67,014
3 years$49,649$48,242$46,888$45,584$44,328$41,552
4 years$36,866$35,463$34,122$32,840$31,615$28,940
5 years$29,198$27,803$26,480$25,225$24,033$21,467
6 years$24,087$22,704$21,400$20,172$19,017$16,561
7 years$20,438$19,066$17,783$16,585$15,466$13,122
8 years$17,703$16,343$15,082$13,913$12,830$10,598
9 years$15,577$14,230$12,990$11,850$10,805$8,682
10 years$13,877$12,543$11,325$10,215$9,206$7,191
11 years$12,487$11,166$9,970$8,890$7,918$6,008
12 years$11,329$10,022$8,848$7,798$6,861$5,054
13 years$10,350$9,057$7,905$6,884$5,983$4,275
14 years$9,512$8,233$7,103$6,111$5,245$3,633
15 years$8,786$7,521$6,413$5,450$4,618$3,099
16 years$8,152$6,900$5,814$4,880$4,081$2,652
17 years$7,593$6,355$5,291$4,385$3,619$2,276
18 years$7,096$5,872$4,830$3,951$3,218$1,957
19 years$6,652$5,442$4,422$3,570$2,868$1,686
20 years$6,254$5,057$4,058$3,234$2,562$1,455
21 years$5,893$4,711$3,732$2,935$2,292$1,258
22 years$5,566$4,397$3,440$2,668$2,055$1,088
23 years$5,268$4,113$3,176$2,430$1,845$943
24 years$4,995$3,853$2,938$2,216$1,658$817
25 years$4,744$3,616$2,721$2,024$1,492$709
26 years$4,513$3,398$2,523$1,851$1,344$615
27 years$4,299$3,198$2,343$1,694$1,212$534
28 years$4,101$3,014$2,178$1,552$1,093$464
29 years$3,917$2,843$2,027$1,423$987$404
30 years$3,745$2,685$1,888$1,306$892$351
31 years$3,585$2,538$1,760$1,200$806$306
32 years$3,436$2,402$1,642$1,103$729$266
33 years$3,295$2,274$1,533$1,014$660$231
34 years$3,163$2,156$1,433$933$598$202
35 years$3,039$2,045$1,340$859$541$175
36 years$2,922$1,941$1,253$791$491$153
37 years$2,812$1,843$1,173$729$445$133
38 years$2,708$1,752$1,098$672$403$116
39 years$2,609$1,666$1,029$619$365$101
40 years$2,516$1,585$965$571$332$88
41 years$2,427$1,509$904$527$301$77
42 years$2,343$1,437$848$486$273$67
43 years$2,262$1,369$796$449$248$58
44 years$2,186$1,305$747$415$225$51
45 years$2,114$1,244$702$383$204$44
46 years$2,044$1,187$659$354$185$39
47 years$1,978$1,133$619$327$168$34
48 years$1,915$1,081$582$302$153$29
49 years$1,854$1,033$547$279$139$26
50 years$1,796$986$514$258$126$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $1,840,000, adding $2,374 every year, while hoping to spend $50,247 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: 69/17/14 Blend
53$1,840,000$1,840,000$1,840,000$1,840,000
54$2,030,129$1,932,609$1,904,089$2,163,610
55$2,183,739$1,973,844$1,914,413$2,293,923
56$2,351,334$2,015,416$1,923,400$2,430,213
57$2,534,287$2,057,288$1,930,950$2,578,031
58$2,734,109$2,099,420$1,936,961$2,738,504
59$2,952,464$2,141,767$1,941,326$2,912,874
60$3,191,185$2,184,284$1,943,930$3,102,511
61$3,452,289$2,226,917$1,944,655$3,308,921
62$3,737,998$2,269,611$1,943,376$3,533,765
63$4,050,756$2,312,304$1,939,961$3,778,874
64$4,393,257$2,354,931$1,934,274$4,046,264
65$4,768,467$2,397,420$1,926,170$4,338,156
66$5,179,652$2,439,695$1,915,498$4,657,000
67$5,630,409$2,481,673$1,902,100$5,005,491
68$6,124,700$2,523,264$1,885,809$5,386,604
69$6,666,888$2,564,373$1,866,453$5,803,613
70$7,261,780$2,604,896$1,843,848$6,260,130
71$7,914,669$2,644,723$1,817,804$6,760,131
72$8,631,387$2,683,736$1,788,122$7,308,002
73$9,418,356$2,721,808$1,754,592$7,908,574
74$10,282,654$2,758,801$1,716,996$8,567,171
75$11,232,074$2,794,572$1,675,105$9,289,662
76$12,275,203$2,828,964$1,628,679$10,082,513
77$13,421,501$2,861,811$1,577,467$10,952,853
78$14,681,390$2,892,935$1,521,208$11,908,536
79$16,066,351$2,922,148$1,459,628$12,958,218
80$17,589,033$2,949,248$1,392,440$14,111,442
81$19,263,372$2,974,018$1,319,344$15,378,722
82$21,104,722$2,996,231$1,240,027$16,771,647
83$23,129,998$3,015,641$1,154,163$18,302,989
84$25,357,839$3,031,989$1,061,409$19,986,824
85$27,808,781$3,044,998$961,408$21,838,667
86$30,505,448$3,054,375$853,787$23,875,616
87$33,472,771$3,059,806$738,156$26,116,514
88$36,738,218$3,060,961$614,108$28,582,130
89$40,332,053$3,057,485$481,218$31,295,354
90$44,287,626$3,049,005$339,042$34,281,412
91$48,641,681$3,035,123$187,117$37,568,107
92$53,434,706$3,015,418$24,959$41,186,080
93$58,711,314$2,989,442$0$45,169,101
94$64,520,664$2,956,720$0$49,576,511
95$70,916,922$2,916,750$0$54,432,624
96$77,959,776$2,868,999$0$59,778,997
97$85,714,995$2,812,901$0$65,665,538
98$94,255,051$2,747,860$0$72,147,248
99$103,659,802$2,673,241$0$79,284,734
100$114,017,246$2,588,374$0$87,144,788