Can I retire at age 54 with 1,930,000?

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 $1,930,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.9%
1 years$159,378$157,958$156,573$155,221$153,901$148,381
2 years$78,900$77,430$76,006$74,625$73,286$67,785
3 years$52,077$50,602$49,181$47,813$46,496$41,186
4 years$38,669$37,198$35,791$34,447$33,161$28,083
5 years$30,626$29,163$27,775$26,458$25,209$20,376
6 years$25,265$23,814$22,447$21,159$19,947$15,363
7 years$21,438$19,999$18,653$17,396$16,222$11,886
8 years$18,569$17,143$15,819$14,593$13,458$9,365
9 years$16,339$14,926$13,625$12,430$11,333$7,480
10 years$14,555$13,156$11,879$10,715$9,657$6,035
11 years$13,097$11,712$10,458$9,325$8,305$4,908
12 years$11,883$10,512$9,281$8,179$7,197$4,016
13 years$10,857$9,500$8,292$7,221$6,276$3,302
14 years$9,977$8,635$7,451$6,410$5,501$2,726
15 years$9,216$7,889$6,727$5,717$4,844$2,258
16 years$8,551$7,238$6,099$5,119$4,281$1,875
17 years$7,964$6,666$5,550$4,599$3,796$1,561
18 years$7,443$6,159$5,066$4,145$3,375$1,301
19 years$6,978$5,708$4,638$3,745$3,008$1,086
20 years$6,559$5,305$4,256$3,392$2,687$908
21 years$6,181$4,941$3,915$3,078$2,405$760
22 years$5,838$4,612$3,608$2,799$2,155$636
23 years$5,525$4,314$3,332$2,549$1,935$533
24 years$5,239$4,042$3,081$2,325$1,739$447
25 years$4,976$3,793$2,854$2,123$1,565$375
26 years$4,733$3,565$2,647$1,941$1,410$315
27 years$4,509$3,355$2,458$1,777$1,271$264
28 years$4,302$3,161$2,285$1,628$1,147$222
29 years$4,108$2,982$2,126$1,493$1,035$186
30 years$3,929$2,816$1,980$1,370$936$157
31 years$3,761$2,662$1,846$1,258$846$132
32 years$3,604$2,519$1,723$1,157$765$111
33 years$3,456$2,386$1,608$1,064$692$93
34 years$3,318$2,261$1,503$979$627$78
35 years$3,188$2,145$1,405$901$568$66
36 years$3,065$2,036$1,314$830$515$55
37 years$2,950$1,933$1,230$764$466$46
38 years$2,840$1,837$1,152$705$423$39
39 years$2,737$1,747$1,079$650$383$33
40 years$2,639$1,662$1,012$599$348$28
41 years$2,546$1,582$949$553$315$23
42 years$2,457$1,507$890$510$286$20
43 years$2,373$1,436$835$471$260$16
44 years$2,293$1,369$784$435$236$14
45 years$2,217$1,305$736$402$214$12
46 years$2,144$1,245$691$371$194$10
47 years$2,075$1,188$649$343$176$8
48 years$2,008$1,134$610$317$160$7
49 years$1,945$1,083$574$293$146$6
50 years$1,884$1,035$539$271$132$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $1,930,000, adding $4,318 every year, while hoping to spend $53,099 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: 51/28/21 Blend
53$1,930,000$1,930,000$1,930,000$1,930,000
54$2,131,314$2,029,024$1,999,109$2,227,359
55$2,292,211$2,071,949$2,009,582$2,337,103
56$2,467,740$2,115,198$2,018,627$2,450,549
57$2,659,337$2,158,731$2,026,138$2,572,781
58$2,868,584$2,202,503$2,032,008$2,704,650
59$3,097,220$2,246,466$2,036,121$2,847,096
60$3,347,163$2,290,569$2,038,358$3,001,155
61$3,620,522$2,334,755$2,038,591$3,167,968
62$3,919,620$2,378,963$2,036,688$3,348,795
63$4,247,014$2,423,125$2,032,511$3,545,023
64$4,605,522$2,467,171$2,025,912$3,758,182
65$4,998,245$2,511,022$2,016,740$3,989,961
66$5,428,599$2,554,595$2,004,834$4,242,219
67$5,900,346$2,597,800$1,990,026$4,517,009
68$6,417,629$2,640,540$1,972,139$4,816,592
69$6,985,012$2,682,711$1,950,990$5,143,463
70$7,607,520$2,724,201$1,926,386$5,500,371
71$8,290,691$2,764,891$1,898,123$5,890,350
72$9,040,621$2,804,650$1,865,990$6,316,743
73$9,864,030$2,843,343$1,829,766$6,783,238
74$10,768,316$2,880,822$1,789,218$7,293,899
75$11,761,631$2,916,929$1,744,104$7,853,209
76$12,852,955$2,951,496$1,694,169$8,466,111
77$14,052,180$2,984,344$1,639,148$9,138,055
78$15,370,206$3,015,280$1,578,762$9,875,048
79$16,819,038$3,044,100$1,512,722$10,683,717
80$18,411,905$3,070,586$1,440,723$11,571,366
81$20,163,380$3,094,505$1,362,449$12,546,049
82$22,089,520$3,115,611$1,277,565$13,616,645
83$24,208,014$3,133,639$1,185,727$14,792,943
84$26,538,354$3,148,310$1,086,571$16,085,738
85$29,102,014$3,159,325$979,719$17,506,929
86$31,922,655$3,166,367$864,775$19,069,636
87$35,026,346$3,169,099$741,326$20,788,321
88$38,441,813$3,167,165$608,939$22,678,930
89$42,200,705$3,160,183$467,166$24,759,042
90$46,337,895$3,147,750$315,534$27,048,037
91$50,891,809$3,129,439$153,554$29,567,277
92$55,904,788$3,104,795$0$32,340,316
93$61,423,483$3,073,337$0$35,397,442
94$67,499,303$3,034,555$0$38,799,948
95$74,188,890$2,987,907$0$42,545,068
96$81,554,662$2,932,820$0$46,667,711
97$89,665,396$2,868,686$0$51,206,353
98$98,596,878$2,794,863$0$56,203,397
99$108,432,618$2,710,670$0$61,705,576
100$119,264,637$2,615,385$0$67,764,395