Can I retire at age 54 with 1,870,000?

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 $1,870,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.9%
1 years$154,423$153,047$151,705$150,395$149,116$146,106
2 years$76,447$75,023$73,643$72,306$71,008$67,988
3 years$50,458$49,028$47,652$46,327$45,050$42,115
4 years$37,467$36,041$34,679$33,376$32,130$29,303
5 years$29,674$28,257$26,912$25,636$24,425$21,713
6 years$24,480$23,074$21,749$20,501$19,327$16,733
7 years$20,772$19,377$18,073$16,855$15,718$13,243
8 years$17,992$16,610$15,328$14,139$13,039$10,683
9 years$15,831$14,462$13,202$12,044$10,981$8,741
10 years$14,103$12,747$11,510$10,382$9,356$7,231
11 years$12,690$11,348$10,133$9,035$8,047$6,034
12 years$11,514$10,186$8,993$7,925$6,973$5,069
13 years$10,519$9,205$8,034$6,997$6,081$4,282
14 years$9,667$8,367$7,219$6,211$5,330$3,634
15 years$8,930$7,643$6,518$5,539$4,693$3,096
16 years$8,285$7,013$5,909$4,960$4,148$2,646
17 years$7,716$6,458$5,377$4,456$3,678$2,267
18 years$7,212$5,968$4,909$4,016$3,270$1,947
19 years$6,761$5,531$4,494$3,629$2,915$1,675
20 years$6,356$5,140$4,124$3,286$2,604$1,443
21 years$5,989$4,787$3,793$2,983$2,330$1,245
22 years$5,657$4,469$3,496$2,712$2,088$1,076
23 years$5,354$4,180$3,228$2,470$1,875$930
24 years$5,076$3,916$2,985$2,253$1,685$805
25 years$4,821$3,675$2,765$2,057$1,516$698
26 years$4,586$3,454$2,564$1,881$1,366$605
27 years$4,369$3,251$2,381$1,722$1,231$524
28 years$4,168$3,063$2,214$1,577$1,111$455
29 years$3,981$2,890$2,060$1,447$1,003$395
30 years$3,807$2,729$1,919$1,328$907$343
31 years$3,644$2,580$1,789$1,219$820$298
32 years$3,492$2,441$1,669$1,121$741$259
33 years$3,349$2,312$1,558$1,030$671$225
34 years$3,215$2,191$1,456$948$607$195
35 years$3,089$2,078$1,361$873$550$170
36 years$2,970$1,972$1,274$804$499$148
37 years$2,858$1,873$1,192$741$452$128
38 years$2,752$1,780$1,116$683$410$112
39 years$2,652$1,693$1,046$629$371$97
40 years$2,557$1,611$980$581$337$84
41 years$2,466$1,533$919$536$306$73
42 years$2,381$1,460$862$494$277$64
43 years$2,299$1,391$809$456$252$56
44 years$2,222$1,326$759$421$228$48
45 years$2,148$1,265$713$389$207$42
46 years$2,078$1,206$670$359$188$37
47 years$2,010$1,151$629$332$171$32
48 years$1,946$1,099$591$307$155$28
49 years$1,885$1,049$556$284$141$24
50 years$1,826$1,002$523$262$128$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $1,870,000, adding $2,319 every year, while hoping to spend $53,201 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: 54/36/10 Blend
53$1,870,000$1,870,000$1,870,000$1,870,000
54$2,063,132$1,964,022$1,935,037$2,169,226
55$2,216,966$2,003,654$1,943,255$2,281,073
56$2,384,708$2,043,444$1,949,966$2,396,749
57$2,567,721$2,083,345$1,955,062$2,521,391
58$2,767,503$2,123,304$1,958,432$2,655,860
59$2,985,707$2,163,264$1,959,957$2,801,106
60$3,224,148$2,203,164$1,959,515$2,958,173
61$3,484,829$2,242,936$1,956,976$3,128,214
62$3,769,951$2,282,510$1,952,205$3,312,500
63$4,081,940$2,321,807$1,945,058$3,512,428
64$4,423,467$2,360,744$1,935,386$3,729,543
65$4,797,472$2,399,233$1,923,034$3,965,543
66$5,207,195$2,437,176$1,907,836$4,222,304
67$5,656,201$2,474,470$1,889,621$4,501,891
68$6,148,419$2,511,004$1,868,208$4,806,580
69$6,688,175$2,546,660$1,843,410$5,138,884
70$7,280,233$2,581,311$1,815,029$5,501,567
71$7,929,842$2,614,820$1,782,857$5,897,682
72$8,642,782$2,647,042$1,746,679$6,330,591
73$9,425,421$2,677,823$1,706,268$6,804,001
74$10,284,774$2,706,995$1,661,388$7,321,999
75$11,228,565$2,734,383$1,611,789$7,889,092
76$12,265,308$2,759,797$1,557,213$8,510,247
77$13,404,379$2,783,037$1,497,390$9,190,938
78$14,656,108$2,803,888$1,432,034$9,937,205
79$16,031,874$2,822,121$1,360,850$10,755,701
80$17,544,214$2,837,494$1,283,528$11,653,765
81$19,206,942$2,849,749$1,199,744$12,639,484
82$21,035,274$2,858,611$1,109,159$13,721,777
83$23,045,977$2,863,788$1,011,421$14,910,473
84$25,257,522$2,864,969$906,159$16,216,409
85$27,690,262$2,861,825$792,988$17,651,534
86$30,366,620$2,854,006$671,504$19,229,017
87$33,311,303$2,841,140$541,288$20,963,377
88$36,551,533$2,822,833$401,898$22,870,620
89$40,117,305$2,798,667$252,877$24,968,390
90$44,041,667$2,768,199$93,746$27,276,136
91$48,361,035$2,730,959$0$29,815,301
92$53,115,532$2,686,447$0$32,617,636
93$58,349,371$2,634,138$0$35,712,282
94$64,111,267$2,573,471$0$39,118,002
95$70,454,900$2,503,854$0$42,866,518
96$77,439,418$2,424,662$0$46,992,791
97$85,129,998$2,335,229$0$51,535,354
98$93,598,457$2,234,855$0$56,536,681
99$102,923,933$2,122,796$0$62,043,583
100$113,193,628$1,998,267$0$68,107,655