Can I retire at age 54 with 1,900,000?

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 $1,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.7%
1 years$156,900$155,503$154,139$152,808$151,509$146,191
2 years$77,673$76,227$74,825$73,465$72,147$66,846
3 years$51,268$49,815$48,417$47,070$45,773$40,654
4 years$38,068$36,619$35,235$33,911$32,646$27,749
5 years$30,150$28,710$27,344$26,047$24,817$20,154
6 years$24,873$23,444$22,098$20,830$19,637$15,212
7 years$21,105$19,688$18,363$17,126$15,970$11,783
8 years$18,280$16,876$15,574$14,366$13,249$9,295
9 years$16,085$14,694$13,414$12,237$11,157$7,433
10 years$14,329$12,952$11,694$10,548$9,506$6,005
11 years$12,894$11,530$10,295$9,180$8,176$4,890
12 years$11,698$10,349$9,137$8,052$7,085$4,006
13 years$10,688$9,353$8,163$7,109$6,178$3,299
14 years$9,822$8,501$7,335$6,310$5,416$2,727
15 years$9,073$7,766$6,622$5,628$4,769$2,262
16 years$8,418$7,125$6,004$5,039$4,214$1,881
17 years$7,840$6,562$5,463$4,528$3,737$1,568
18 years$7,328$6,064$4,987$4,080$3,323$1,309
19 years$6,869$5,620$4,566$3,687$2,962$1,095
20 years$6,457$5,222$4,190$3,339$2,645$916
21 years$6,085$4,864$3,854$3,031$2,367$768
22 years$5,747$4,540$3,552$2,755$2,122$644
23 years$5,439$4,247$3,280$2,509$1,905$541
24 years$5,157$3,979$3,033$2,289$1,712$454
25 years$4,898$3,734$2,809$2,090$1,541$382
26 years$4,660$3,509$2,606$1,911$1,388$321
27 years$4,439$3,303$2,420$1,749$1,251$270
28 years$4,235$3,112$2,249$1,603$1,129$227
29 years$4,045$2,936$2,093$1,470$1,019$191
30 years$3,868$2,773$1,950$1,349$921$161
31 years$3,702$2,621$1,818$1,239$833$135
32 years$3,548$2,480$1,696$1,139$753$114
33 years$3,403$2,349$1,583$1,047$682$96
34 years$3,266$2,226$1,479$963$617$81
35 years$3,138$2,111$1,383$887$559$68
36 years$3,018$2,004$1,294$817$507$57
37 years$2,904$1,903$1,211$752$459$48
38 years$2,796$1,809$1,134$694$416$41
39 years$2,694$1,720$1,063$640$377$34
40 years$2,598$1,636$996$590$342$29
41 years$2,506$1,558$934$544$311$24
42 years$2,419$1,484$876$502$282$20
43 years$2,336$1,414$822$464$256$17
44 years$2,257$1,347$772$428$232$14
45 years$2,182$1,285$725$395$211$12
46 years$2,111$1,226$681$365$191$10
47 years$2,043$1,170$639$337$174$9
48 years$1,977$1,117$601$312$158$7
49 years$1,915$1,066$565$288$143$6
50 years$1,855$1,019$531$266$130$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $1,900,000, adding $5,093 every year, while hoping to spend $59,717 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: 26/47/27 Blend
53$1,900,000$1,900,000$1,900,000$1,900,000
54$2,099,053$1,998,353$1,968,903$2,135,774
55$2,249,618$2,032,734$1,971,323$2,200,571
56$2,413,540$2,066,798$1,971,823$2,264,589
57$2,592,116$2,100,467$1,970,274$2,332,043
58$2,786,778$2,133,656$1,966,545$2,403,265
59$2,999,099$2,166,275$1,960,493$2,478,621
60$3,230,811$2,198,226$1,951,974$2,558,519
61$3,483,820$2,229,405$1,940,831$2,643,411
62$3,760,225$2,259,702$1,926,905$2,733,799
63$4,062,337$2,288,996$1,910,025$2,830,239
64$4,392,699$2,317,161$1,890,014$2,933,347
65$4,754,113$2,344,060$1,866,688$3,043,807
66$5,149,661$2,369,547$1,839,851$3,162,376
67$5,582,740$2,393,469$1,809,299$3,289,896
68$6,057,089$2,415,658$1,774,820$3,427,296
69$6,576,826$2,435,940$1,736,191$3,575,606
70$7,146,487$2,454,125$1,693,178$3,735,970
71$7,771,066$2,470,015$1,645,537$3,909,651
72$8,456,065$2,483,396$1,593,013$4,098,050
73$9,207,543$2,494,042$1,535,338$4,302,717
74$10,032,174$2,501,711$1,472,233$4,525,368
75$10,937,309$2,506,148$1,403,406$4,767,900
76$11,931,046$2,507,081$1,328,552$5,032,416
77$13,022,306$2,504,221$1,247,352$5,321,240
78$14,220,914$2,497,261$1,159,471$5,636,944
79$15,537,696$2,485,876$1,064,562$5,982,370
80$16,984,577$2,469,719$962,261$6,360,665
81$18,574,694$2,448,425$852,186$6,775,305
82$20,322,519$2,421,605$733,941$7,230,136
83$22,243,999$2,388,846$607,111$7,729,407
84$24,356,700$2,349,713$471,262$8,277,816
85$26,679,977$2,303,742$325,943$8,880,554
86$29,235,153$2,250,444$170,681$9,543,358
87$32,045,723$2,189,300$4,982$10,272,565
88$35,137,570$2,119,760$0$11,075,180
89$38,539,217$2,041,242$0$12,008,443
90$42,282,087$1,953,133$0$13,036,143
91$46,400,803$1,854,779$0$14,166,440
92$50,933,515$1,745,494$0$15,409,924
93$55,922,259$1,624,548$0$16,778,279
94$61,413,350$1,491,172$0$18,284,395
95$67,457,824$1,344,552$0$19,942,490
96$74,111,914$1,183,827$0$21,768,252
97$81,437,583$1,008,089$0$23,778,985
98$89,503,108$816,376$0$25,993,776
99$98,383,721$607,675$0$28,433,679
100$108,162,322$380,913$0$31,121,916