Can I retire at age 54 with 1,910,000?

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 $1,910,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.4%
1 years$157,726$156,321$154,950$153,612$152,306$149,537
2 years$78,082$76,628$75,219$73,852$72,527$69,747
3 years$51,538$50,077$48,671$47,318$46,014$43,310
4 years$38,268$36,812$35,420$34,090$32,818$30,210
5 years$30,308$28,861$27,488$26,184$24,947$22,444
6 years$25,004$23,567$22,214$20,940$19,740$17,343
7 years$21,216$19,792$18,460$17,216$16,054$13,765
8 years$18,377$16,965$15,656$14,442$13,318$11,136
9 years$16,169$14,771$13,484$12,301$11,216$9,139
10 years$14,405$13,020$11,756$10,604$9,557$7,584
11 years$12,962$11,591$10,350$9,228$8,219$6,348
12 years$11,760$10,404$9,185$8,095$7,122$5,350
13 years$10,744$9,402$8,206$7,146$6,211$4,535
14 years$9,874$8,546$7,373$6,344$5,444$3,862
15 years$9,121$7,807$6,657$5,657$4,794$3,301
16 years$8,462$7,163$6,036$5,066$4,237$2,831
17 years$7,882$6,597$5,492$4,551$3,756$2,434
18 years$7,366$6,095$5,014$4,102$3,340$2,098
19 years$6,906$5,649$4,590$3,706$2,977$1,812
20 years$6,491$5,250$4,212$3,357$2,659$1,567
21 years$6,117$4,890$3,874$3,046$2,380$1,357
22 years$5,778$4,564$3,571$2,770$2,133$1,177
23 years$5,468$4,269$3,297$2,523$1,915$1,022
24 years$5,185$4,000$3,049$2,301$1,721$888
25 years$4,924$3,754$2,824$2,101$1,549$772
26 years$4,684$3,528$2,619$1,921$1,395$672
27 years$4,463$3,320$2,432$1,759$1,258$585
28 years$4,257$3,128$2,261$1,611$1,135$510
29 years$4,066$2,951$2,104$1,478$1,025$444
30 years$3,888$2,787$1,960$1,356$926$387
31 years$3,722$2,635$1,827$1,245$837$338
32 years$3,566$2,493$1,705$1,145$757$295
33 years$3,421$2,361$1,592$1,052$685$257
34 years$3,284$2,238$1,487$968$620$224
35 years$3,155$2,122$1,391$891$562$196
36 years$3,034$2,014$1,301$821$509$171
37 years$2,919$1,913$1,218$756$461$149
38 years$2,811$1,818$1,140$697$418$130
39 years$2,708$1,729$1,068$643$379$114
40 years$2,611$1,645$1,001$593$344$100
41 years$2,519$1,566$939$547$312$87
42 years$2,432$1,491$881$505$283$76
43 years$2,349$1,421$826$466$257$66
44 years$2,269$1,354$776$430$233$58
45 years$2,194$1,292$728$397$212$51
46 years$2,122$1,232$684$367$192$44
47 years$2,053$1,176$643$339$175$39
48 years$1,988$1,122$604$313$159$34
49 years$1,925$1,072$568$290$144$30
50 years$1,865$1,024$534$268$131$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $1,910,000, adding $6,181 every year, while hoping to spend $59,000 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: 79/9/12 Blend
53$1,910,000$1,910,000$1,910,000$1,910,000
54$2,111,196$2,009,966$1,980,361$2,272,762
55$2,263,762$2,045,678$1,983,927$2,415,553
56$2,429,913$2,081,164$1,985,636$2,563,938
57$2,610,971$2,116,348$1,985,362$2,725,034
58$2,808,394$2,151,152$1,982,975$2,900,083
59$3,023,783$2,185,492$1,978,338$3,090,456
60$3,258,903$2,219,276$1,971,306$3,297,664
61$3,515,697$2,252,406$1,961,731$3,523,369
62$3,796,301$2,284,777$1,949,452$3,769,403
63$4,103,071$2,316,278$1,934,305$4,037,785
64$4,438,596$2,346,787$1,916,117$4,330,737
65$4,805,731$2,376,178$1,894,705$4,650,709
66$5,207,618$2,404,313$1,869,879$5,000,401
67$5,647,715$2,431,044$1,841,441$5,382,785
68$6,129,833$2,456,217$1,809,180$5,801,139
69$6,658,168$2,479,664$1,772,880$6,259,072
70$7,237,341$2,501,207$1,732,311$6,760,562
71$7,872,440$2,520,656$1,687,234$7,309,993
72$8,569,072$2,537,811$1,637,399$7,912,194
73$9,333,410$2,552,456$1,582,544$8,572,489
74$10,172,254$2,564,363$1,522,396$9,296,743
75$11,093,096$2,573,289$1,456,668$10,091,418
76$12,104,187$2,578,975$1,385,062$10,963,637
77$13,214,616$2,581,147$1,307,263$11,921,248
78$14,434,397$2,579,514$1,222,947$12,972,902
79$15,774,560$2,573,764$1,131,770$14,128,130
80$17,247,257$2,563,571$1,033,376$15,397,436
81$18,865,876$2,548,584$927,393$16,792,396
82$20,645,165$2,528,434$813,430$18,325,768
83$22,601,372$2,502,728$691,081$20,011,609
84$24,752,401$2,471,050$559,920$21,865,413
85$27,117,973$2,432,960$419,505$23,904,256
86$29,719,820$2,387,989$269,373$26,146,953
87$32,581,884$2,335,642$109,039$28,614,242
88$35,730,543$2,275,395$0$31,328,976
89$39,194,863$2,206,694$0$34,324,289
90$43,006,867$2,128,950$0$37,635,405
91$47,201,841$2,041,542$0$41,279,008
92$51,818,662$1,943,811$0$45,288,883
93$56,900,170$1,835,062$0$49,702,256
94$62,493,566$1,714,559$0$54,560,153
95$68,650,859$1,581,522$0$59,907,778
96$75,429,360$1,435,130$0$65,794,945
97$82,892,215$1,274,511$0$72,276,546
98$91,109,007$1,098,748$0$79,413,072
99$100,156,408$906,869$0$87,271,181
100$110,118,904$697,848$0$95,924,325