Can I retire at age 54 with 1,960,000?

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 $1,960,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.3%
1 years$161,855$160,413$159,007$157,634$156,293$153,514
2 years$80,126$78,634$77,188$75,785$74,425$71,635
3 years$52,887$51,388$49,946$48,556$47,218$44,504
4 years$39,270$37,776$36,348$34,982$33,677$31,059
5 years$31,102$29,617$28,207$26,870$25,600$23,087
6 years$25,658$24,184$22,796$21,488$20,257$17,850
7 years$21,771$20,310$18,943$17,666$16,474$14,175
8 years$18,858$17,409$16,065$14,820$13,667$11,474
9 years$16,593$15,158$13,837$12,623$11,510$9,423
10 years$14,782$13,361$12,064$10,881$9,807$7,824
11 years$13,301$11,894$10,621$9,470$8,434$6,553
12 years$12,068$10,676$9,425$8,307$7,309$5,526
13 years$11,025$9,648$8,421$7,333$6,373$4,687
14 years$10,132$8,770$7,566$6,510$5,587$3,994
15 years$9,359$8,011$6,831$5,806$4,919$3,417
16 years$8,684$7,350$6,194$5,198$4,348$2,932
17 years$8,088$6,769$5,636$4,671$3,855$2,523
18 years$7,559$6,255$5,145$4,209$3,428$2,176
19 years$7,086$5,797$4,710$3,803$3,055$1,881
20 years$6,661$5,387$4,323$3,445$2,729$1,628
21 years$6,278$5,018$3,976$3,126$2,442$1,411
22 years$5,929$4,684$3,664$2,842$2,189$1,225
23 years$5,611$4,381$3,383$2,589$1,965$1,064
24 years$5,320$4,104$3,129$2,361$1,766$925
25 years$5,053$3,852$2,898$2,156$1,589$805
26 years$4,807$3,620$2,688$1,972$1,431$701
27 years$4,579$3,407$2,496$1,805$1,291$611
28 years$4,368$3,210$2,320$1,653$1,165$533
29 years$4,172$3,029$2,159$1,516$1,052$465
30 years$3,990$2,860$2,011$1,392$950$406
31 years$3,819$2,704$1,875$1,278$859$354
32 years$3,660$2,558$1,749$1,174$777$309
33 years$3,510$2,423$1,633$1,080$703$270
34 years$3,370$2,296$1,526$994$637$236
35 years$3,237$2,178$1,427$915$577$206
36 years$3,113$2,067$1,335$843$522$180
37 years$2,995$1,963$1,249$776$474$157
38 years$2,884$1,866$1,170$715$429$138
39 years$2,779$1,774$1,096$660$389$120
40 years$2,680$1,688$1,027$608$353$105
41 years$2,585$1,607$963$561$320$92
42 years$2,495$1,530$904$518$291$80
43 years$2,410$1,458$848$478$264$70
44 years$2,329$1,390$796$442$239$61
45 years$2,251$1,325$747$408$217$54
46 years$2,178$1,264$702$377$197$47
47 years$2,107$1,207$660$348$179$41
48 years$2,040$1,152$620$322$163$36
49 years$1,975$1,100$583$297$148$31
50 years$1,914$1,051$548$275$134$28

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $1,960,000, adding $3,825 every year, while hoping to spend $49,803 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: 75/10/15 Blend
53$1,960,000$1,960,000$1,960,000$1,960,000
54$2,163,865$2,059,985$2,029,605$2,318,826
55$2,331,590$2,107,935$2,044,607$2,469,726
56$2,514,753$2,156,564$2,058,442$2,628,501
57$2,714,877$2,205,855$2,071,019$2,801,172
58$2,933,637$2,255,785$2,082,241$2,989,109
59$3,172,879$2,306,330$2,092,008$3,193,817
60$3,434,634$2,357,461$2,100,211$3,416,956
61$3,721,139$2,409,149$2,106,741$3,660,355
62$4,034,857$2,461,359$2,111,478$3,926,028
63$4,378,500$2,514,053$2,114,301$4,216,193
64$4,755,056$2,567,191$2,115,078$4,533,296
65$5,167,813$2,620,725$2,113,675$4,880,029
66$5,620,396$2,674,606$2,109,949$5,259,360
67$6,116,795$2,728,780$2,103,750$5,674,558
68$6,661,404$2,783,186$2,094,922$6,129,226
69$7,259,065$2,837,761$2,083,300$6,627,332
70$7,915,111$2,892,432$2,068,712$7,173,250
71$8,635,416$2,947,125$2,050,978$7,771,800
72$9,426,450$3,001,756$2,029,907$8,428,291
73$10,295,342$3,056,236$2,005,303$9,148,575
74$11,249,944$3,110,468$1,976,957$9,939,100
75$12,298,906$3,164,348$1,944,653$10,806,971
76$13,451,758$3,217,766$1,908,163$11,760,018
77$14,719,000$3,270,598$1,867,249$12,806,870
78$16,112,198$3,322,718$1,821,661$13,957,033
79$17,644,095$3,373,985$1,771,141$15,220,987
80$19,328,733$3,424,250$1,715,414$16,610,278
81$21,181,579$3,473,353$1,654,196$18,137,629
82$23,219,677$3,521,125$1,587,188$19,817,063
83$25,461,805$3,567,380$1,514,080$21,664,034
84$27,928,652$3,611,925$1,434,544$23,695,569
85$30,643,014$3,654,549$1,348,241$25,930,436
86$33,630,009$3,695,029$1,254,814$28,389,316
87$36,917,311$3,733,127$1,153,892$31,095,000
88$40,535,416$3,768,589$1,045,086$34,072,605
89$44,517,921$3,801,143$927,990$37,349,809
90$48,901,852$3,830,501$802,180$40,957,118
91$53,728,000$3,856,356$667,213$44,928,146
92$59,041,318$3,878,379$522,626$49,299,939
93$64,891,336$3,896,223$367,937$54,113,325
94$71,332,631$3,909,517$202,642$59,413,294
95$78,425,344$3,917,867$26,215$65,249,429
96$86,235,742$3,920,856$0$71,676,374
97$94,836,847$3,918,037$0$78,780,283
98$104,309,124$3,908,940$0$86,607,745
99$114,741,240$3,893,063$0$95,227,788
100$126,230,898$3,869,875$0$104,721,110