Can I retire at age 54 with 1,880,000?

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 $1,880,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.8%
1 years$155,249$153,866$152,517$151,200$149,914$148,163
2 years$76,856$75,424$74,037$72,692$71,388$69,626
3 years$50,728$49,291$47,907$46,575$45,291$43,573
4 years$37,667$36,234$34,864$33,554$32,302$30,640
5 years$29,832$28,408$27,056$25,773$24,556$22,955
6 years$24,611$23,197$21,865$20,611$19,430$17,892
7 years$20,883$19,481$18,170$16,945$15,802$14,328
8 years$18,088$16,699$15,410$14,215$13,109$11,699
9 years$15,915$14,539$13,272$12,108$11,040$9,693
10 years$14,178$12,816$11,571$10,437$9,406$8,122
11 years$12,758$11,409$10,187$9,084$8,090$6,867
12 years$11,575$10,240$9,041$7,967$7,010$5,847
13 years$10,575$9,254$8,077$7,034$6,113$5,009
14 years$9,719$8,412$7,257$6,244$5,359$4,311
15 years$8,977$7,684$6,553$5,569$4,718$3,726
16 years$8,329$7,050$5,941$4,986$4,170$3,231
17 years$7,758$6,493$5,406$4,480$3,697$2,810
18 years$7,250$6,000$4,935$4,037$3,288$2,450
19 years$6,797$5,560$4,518$3,648$2,930$2,141
20 years$6,390$5,167$4,146$3,304$2,617$1,874
21 years$6,021$4,813$3,814$2,999$2,342$1,643
22 years$5,687$4,493$3,515$2,726$2,100$1,442
23 years$5,382$4,202$3,245$2,483$1,885$1,267
24 years$5,103$3,937$3,001$2,265$1,694$1,115
25 years$4,847$3,695$2,780$2,068$1,524$982
26 years$4,611$3,472$2,578$1,891$1,373$866
27 years$4,392$3,268$2,394$1,731$1,238$763
28 years$4,190$3,079$2,226$1,586$1,117$674
29 years$4,002$2,905$2,071$1,454$1,009$595
30 years$3,827$2,743$1,929$1,335$911$525
31 years$3,663$2,593$1,799$1,226$824$464
32 years$3,510$2,454$1,678$1,127$745$411
33 years$3,367$2,324$1,567$1,036$675$363
34 years$3,232$2,203$1,464$953$611$321
35 years$3,105$2,089$1,369$877$553$284
36 years$2,986$1,983$1,280$808$501$252
37 years$2,873$1,883$1,198$745$454$223
38 years$2,767$1,790$1,122$686$412$197
39 years$2,666$1,702$1,051$633$373$175
40 years$2,570$1,619$985$584$339$155
41 years$2,480$1,541$924$538$307$137
42 years$2,394$1,468$867$497$279$121
43 years$2,312$1,399$813$459$253$107
44 years$2,234$1,333$764$424$230$95
45 years$2,159$1,271$717$391$209$84
46 years$2,089$1,213$673$361$189$75
47 years$2,021$1,157$633$334$172$66
48 years$1,956$1,105$594$308$156$59
49 years$1,895$1,055$559$285$142$52
50 years$1,836$1,008$525$264$129$46

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $1,880,000, adding $6,282 every year, while hoping to spend $48,415 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: 45/29/26 Blend
53$1,880,000$1,880,000$1,880,000$1,880,000
54$2,078,240$1,978,600$1,949,460$2,155,902
55$2,238,707$2,024,038$1,963,254$2,256,999
56$2,413,919$2,070,080$1,975,887$2,361,399
57$2,605,330$2,116,704$1,987,269$2,473,677
58$2,814,537$2,163,887$1,997,307$2,594,592
59$3,043,303$2,211,600$2,005,899$2,724,983
60$3,293,566$2,259,815$2,012,943$2,865,775
61$3,567,461$2,308,497$2,018,328$3,017,987
62$3,867,338$2,357,610$2,021,938$3,182,741
63$4,195,787$2,407,113$2,023,654$3,361,278
64$4,555,658$2,456,962$2,023,347$3,554,964
65$4,950,091$2,507,109$2,020,885$3,765,304
66$5,382,544$2,557,501$2,016,128$3,993,961
67$5,856,824$2,608,079$2,008,929$4,242,765
68$6,377,126$2,658,781$1,999,134$4,513,738
69$6,948,071$2,709,539$1,986,583$4,809,105
70$7,574,747$2,760,280$1,971,107$5,131,323
71$8,262,760$2,810,923$1,952,528$5,483,100
72$9,018,286$2,861,382$1,930,661$5,867,423
73$9,848,126$2,911,564$1,905,313$6,287,585
74$10,759,774$2,961,370$1,876,280$6,747,216
75$11,761,484$3,010,691$1,843,349$7,250,321
76$12,862,352$3,059,411$1,806,298$7,801,314
77$14,072,396$3,107,406$1,764,893$8,405,064
78$15,402,655$3,154,543$1,718,891$9,066,938
79$16,865,288$3,200,678$1,668,036$9,792,855
80$18,473,694$3,245,658$1,612,062$10,589,341
81$20,242,634$3,289,318$1,550,689$11,463,591
82$22,188,371$3,331,484$1,483,626$12,423,539
83$24,328,825$3,371,967$1,410,568$13,477,932
84$26,683,738$3,410,566$1,331,195$14,636,414
85$29,274,864$3,447,068$1,245,174$15,909,617
86$32,126,170$3,481,244$1,152,157$17,309,265
87$35,264,065$3,512,851$1,051,781$18,848,282
88$38,717,648$3,541,629$943,663$20,540,918
89$42,518,980$3,567,301$827,409$22,402,880
90$46,703,391$3,589,574$702,602$24,451,489
91$51,309,807$3,608,133$568,809$26,705,836
92$56,381,122$3,622,646$425,579$29,186,970
93$61,964,599$3,632,759$272,438$31,918,093
94$68,112,318$3,638,093$108,894$34,924,787
95$74,881,664$3,638,250$0$38,235,248
96$82,335,874$3,632,804$0$41,898,771
97$90,544,625$3,621,304$0$45,964,836
98$99,584,700$3,603,271$0$50,441,130
99$109,540,705$3,578,197$0$55,369,454
100$120,505,872$3,545,543$0$60,795,877