Can I retire at age 54 with 2,000,000?

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 $2,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.2%
1 years$165,158$163,687$162,252$160,851$159,483$158,677
2 years$81,761$80,239$78,763$77,332$75,944$75,131
3 years$53,966$52,437$50,965$49,547$48,182$47,387
4 years$40,071$38,547$37,089$35,696$34,364$33,593
5 years$31,737$30,221$28,783$27,418$26,123$25,378
6 years$26,182$24,678$23,261$21,926$20,670$19,952
7 years$22,216$20,724$19,330$18,027$16,810$16,120
8 years$19,243$17,765$16,393$15,122$13,946$13,283
9 years$16,931$15,467$14,120$12,881$11,744$11,109
10 years$15,083$13,634$12,310$11,103$10,007$9,398
11 years$13,572$12,137$10,837$9,663$8,606$8,024
12 years$12,314$10,894$9,618$8,476$7,458$6,902
13 years$11,250$9,845$8,593$7,483$6,503$5,973
14 years$10,339$8,949$7,721$6,643$5,701$5,196
15 years$9,550$8,175$6,971$5,924$5,020$4,539
16 years$8,861$7,500$6,320$5,304$4,436$3,979
17 years$8,253$6,907$5,751$4,766$3,934$3,500
18 years$7,713$6,383$5,250$4,295$3,497$3,086
19 years$7,231$5,915$4,806$3,881$3,117$2,727
20 years$6,797$5,497$4,411$3,515$2,785$2,415
21 years$6,406$5,120$4,057$3,190$2,492$2,143
22 years$6,050$4,779$3,739$2,900$2,234$1,904
23 years$5,726$4,470$3,452$2,642$2,005$1,694
24 years$5,429$4,188$3,193$2,409$1,802$1,509
25 years$5,156$3,930$2,957$2,200$1,622$1,345
26 years$4,905$3,694$2,743$2,012$1,461$1,201
27 years$4,673$3,476$2,547$1,841$1,317$1,072
28 years$4,458$3,276$2,368$1,687$1,188$959
29 years$4,258$3,090$2,203$1,547$1,073$857
30 years$4,071$2,919$2,052$1,420$970$767
31 years$3,897$2,759$1,913$1,304$877$687
32 years$3,734$2,611$1,785$1,198$793$615
33 years$3,582$2,472$1,667$1,102$718$552
34 years$3,438$2,343$1,557$1,014$650$494
35 years$3,304$2,222$1,456$933$588$443
36 years$3,176$2,109$1,362$860$533$398
37 years$3,057$2,003$1,275$792$483$357
38 years$2,943$1,904$1,194$730$438$320
39 years$2,836$1,811$1,119$673$397$287
40 years$2,734$1,723$1,048$621$360$258
41 years$2,638$1,640$983$573$327$232
42 years$2,546$1,562$922$529$297$208
43 years$2,459$1,488$865$488$269$187
44 years$2,376$1,418$812$451$244$168
45 years$2,297$1,352$763$416$222$151
46 years$2,222$1,290$716$384$201$136
47 years$2,150$1,231$673$355$183$122
48 years$2,081$1,175$632$328$166$109
49 years$2,016$1,122$594$303$151$98
50 years$1,953$1,072$559$280$137$88

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $2,000,000, adding $3,943 every year, while hoping to spend $31,866 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: 48/25/27 Blend
53$2,000,000$2,000,000$2,000,000$2,000,000
54$2,208,067$2,102,067$2,071,067$2,296,882
55$2,399,385$2,171,163$2,106,543$2,428,768
56$2,609,149$2,242,577$2,142,139$2,568,461
57$2,839,207$2,316,389$2,177,826$2,719,546
58$3,091,595$2,392,680$2,213,572$2,883,111
59$3,368,555$2,471,538$2,249,343$3,060,356
60$3,672,555$2,553,051$2,285,103$3,252,601
61$4,006,316$2,637,311$2,320,815$3,461,297
62$4,372,834$2,724,413$2,356,436$3,688,043
63$4,775,410$2,814,457$2,391,924$3,934,599
64$5,217,680$2,907,543$2,427,231$4,202,903
65$5,703,650$3,003,779$2,462,310$4,495,087
66$6,237,732$3,103,274$2,497,107$4,813,500
67$6,824,788$3,206,143$2,531,568$5,160,728
68$7,470,175$3,312,502$2,565,634$5,539,619
69$8,179,793$3,422,474$2,599,242$5,953,310
70$8,960,142$3,536,187$2,632,328$6,405,253
71$9,818,387$3,653,770$2,664,821$6,899,253
72$10,762,419$3,775,361$2,696,649$7,439,500
73$11,800,933$3,901,101$2,727,734$8,030,608
74$12,943,508$4,031,135$2,757,993$8,677,661
75$14,200,701$4,165,615$2,787,341$9,386,258
76$15,584,141$4,304,700$2,815,686$10,162,567
77$17,106,645$4,448,550$2,842,932$11,013,382
78$18,782,330$4,597,337$2,868,978$11,946,188
79$20,626,756$4,751,235$2,893,716$12,969,231
80$22,657,064$4,910,425$2,917,036$14,091,596
81$24,892,146$5,075,096$2,938,817$15,323,291
82$27,352,813$5,245,445$2,958,936$16,675,342
83$30,062,002$5,421,673$2,977,262$18,159,897
84$33,044,982$5,603,991$2,993,656$19,790,340
85$36,329,601$5,792,617$3,007,975$21,581,420
86$39,946,543$5,987,778$3,020,065$23,549,382
87$43,929,620$6,189,709$3,029,766$25,712,130
88$48,316,089$6,398,653$3,036,911$28,089,389
89$53,147,006$6,614,863$3,041,324$30,702,892
90$58,467,611$6,838,601$3,042,819$33,576,587
91$64,327,755$7,070,141$3,041,201$36,736,861
92$70,782,372$7,309,764$3,036,267$40,212,789
93$77,891,996$7,557,764$3,027,804$44,036,408
94$85,723,330$7,814,445$3,015,586$48,243,020
95$94,349,881$8,080,124$2,999,379$52,871,523
96$103,852,647$8,355,128$2,978,937$57,964,781
97$114,320,886$8,639,799$2,954,000$63,570,025
98$125,852,957$8,934,489$2,924,299$69,739,300
99$138,557,246$9,239,566$2,889,551$76,529,955
100$152,553,192$9,555,412$2,849,458$84,005,187