Can I retire at age 54 with 1,890,000?

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 $1,890,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.6%
1 years$156,074$154,684$153,328$152,004$150,711$147,850
2 years$77,265$75,826$74,431$73,079$71,767$68,896
3 years$50,998$49,553$48,162$46,822$45,532$42,740
4 years$37,867$36,427$35,049$33,733$32,474$29,782
5 years$29,991$28,559$27,200$25,910$24,686$22,103
6 years$24,742$23,320$21,981$20,720$19,533$17,061
7 years$20,994$19,585$18,267$17,035$15,886$13,526
8 years$18,184$16,788$15,492$14,291$13,179$10,930
9 years$16,000$14,617$13,343$12,172$11,098$8,960
10 years$14,254$12,884$11,633$10,493$9,456$7,425
11 years$12,826$11,470$10,241$9,132$8,133$6,207
12 years$11,637$10,295$9,089$8,010$7,048$5,225
13 years$10,632$9,303$8,120$7,071$6,146$4,423
14 years$9,771$8,456$7,296$6,277$5,387$3,761
15 years$9,025$7,725$6,587$5,598$4,743$3,211
16 years$8,373$7,088$5,972$5,013$4,192$2,750
17 years$7,799$6,527$5,435$4,504$3,717$2,361
18 years$7,289$6,032$4,961$4,059$3,305$2,032
19 years$6,833$5,590$4,542$3,667$2,946$1,752
20 years$6,424$5,195$4,168$3,322$2,631$1,513
21 years$6,053$4,839$3,834$3,015$2,355$1,309
22 years$5,717$4,517$3,534$2,741$2,111$1,133
23 years$5,411$4,224$3,263$2,496$1,895$982
24 years$5,130$3,958$3,017$2,277$1,703$852
25 years$4,873$3,714$2,795$2,079$1,532$740
26 years$4,635$3,491$2,592$1,901$1,380$643
27 years$4,416$3,285$2,407$1,740$1,245$559
28 years$4,212$3,096$2,237$1,594$1,123$486
29 years$4,023$2,920$2,082$1,462$1,014$423
30 years$3,847$2,758$1,939$1,342$916$368
31 years$3,683$2,607$1,808$1,232$828$321
32 years$3,529$2,467$1,687$1,133$749$279
33 years$3,385$2,336$1,575$1,041$678$243
34 years$3,249$2,214$1,472$958$614$212
35 years$3,122$2,100$1,376$882$556$185
36 years$3,002$1,993$1,287$812$504$161
37 years$2,888$1,893$1,205$749$457$140
38 years$2,781$1,799$1,128$690$414$122
39 years$2,680$1,711$1,057$636$375$107
40 years$2,584$1,628$991$587$341$93
41 years$2,493$1,550$929$541$309$81
42 years$2,406$1,476$871$500$280$71
43 years$2,324$1,406$818$461$254$62
44 years$2,246$1,340$768$426$231$54
45 years$2,171$1,278$721$393$210$47
46 years$2,100$1,219$677$363$190$41
47 years$2,032$1,164$636$336$173$36
48 years$1,967$1,111$598$310$157$31
49 years$1,905$1,061$562$287$143$27
50 years$1,845$1,013$528$265$129$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $1,890,000, adding $6,378 every year, while hoping to spend $38,313 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: 55/19/26 Blend
53$1,890,000$1,890,000$1,890,000$1,890,000
54$2,089,359$1,989,189$1,959,894$2,188,981
55$2,261,709$2,045,894$1,984,786$2,314,942
56$2,450,354$2,104,094$2,009,227$2,447,543
57$2,656,917$2,163,822$2,033,163$2,591,175
58$2,883,183$2,225,109$2,056,534$2,746,911
59$3,131,119$2,287,991$2,079,279$2,915,934
60$3,402,890$2,352,500$2,101,332$3,099,546
61$3,700,883$2,418,670$2,122,625$3,299,180
62$4,027,724$2,486,536$2,143,084$3,516,417
63$4,386,308$2,556,132$2,162,633$3,752,997
64$4,779,821$2,627,493$2,181,191$4,010,837
65$5,211,775$2,700,652$2,198,674$4,292,050
66$5,686,038$2,775,646$2,214,991$4,598,962
67$6,206,869$2,852,508$2,230,048$4,934,137
68$6,778,962$2,931,273$2,243,747$5,300,400
69$7,407,487$3,011,976$2,255,984$5,700,864
70$8,098,139$3,094,651$2,266,647$6,138,959
71$8,857,193$3,179,333$2,275,623$6,618,463
72$9,691,561$3,266,054$2,282,791$7,143,540
73$10,608,859$3,354,850$2,288,024$7,718,780
74$11,617,477$3,445,752$2,291,187$8,349,237
75$12,726,660$3,538,794$2,292,142$9,040,485
76$13,946,591$3,634,007$2,290,741$9,798,663
77$15,288,493$3,731,423$2,286,830$10,630,538
78$16,764,728$3,831,072$2,280,248$11,543,564
79$18,388,919$3,932,982$2,270,825$12,545,960
80$20,176,074$4,037,184$2,258,383$13,646,780
81$22,142,731$4,143,703$2,242,735$14,856,003
82$24,307,110$4,252,565$2,223,688$16,184,626
83$26,689,290$4,363,796$2,201,036$17,644,768
84$29,311,392$4,477,416$2,174,565$19,249,783
85$32,197,792$4,593,447$2,144,051$21,014,391
86$35,375,348$4,711,908$2,109,258$22,954,810
87$38,873,657$4,832,815$2,069,942$25,088,918
88$42,725,329$4,956,182$2,025,844$27,436,412
89$46,966,299$5,082,021$1,976,696$30,019,002
90$51,636,161$5,210,340$1,922,215$32,860,615
91$56,778,547$5,341,144$1,862,107$35,987,616
92$62,441,535$5,474,436$1,796,064$39,429,063
93$68,678,103$5,610,214$1,723,763$43,216,981
94$75,546,627$5,748,472$1,644,866$47,386,659
95$83,111,436$5,889,201$1,559,023$51,976,990
96$91,443,417$6,032,386$1,465,864$57,030,838
97$100,620,679$6,178,007$1,365,005$62,595,438
98$110,729,299$6,326,039$1,256,043$68,722,848
99$121,864,125$6,476,453$1,138,558$75,470,437
100$134,129,677$6,629,210$1,012,110$82,901,429