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%17.9%
1 years$165,158$163,687$162,252$160,851$159,483$154,378
2 years$81,761$80,239$78,763$77,332$75,944$70,848
3 years$53,966$52,437$50,965$49,547$48,182$43,255
4 years$40,071$38,547$37,089$35,696$34,364$29,643
5 years$31,737$30,221$28,783$27,418$26,123$21,621
6 years$26,182$24,678$23,261$21,926$20,670$16,391
7 years$22,216$20,724$19,330$18,027$16,810$12,754
8 years$19,243$17,765$16,393$15,122$13,946$10,109
9 years$16,931$15,467$14,120$12,881$11,744$8,123
10 years$15,083$13,634$12,310$11,103$10,007$6,596
11 years$13,572$12,137$10,837$9,663$8,606$5,399
12 years$12,314$10,894$9,618$8,476$7,458$4,447
13 years$11,250$9,845$8,593$7,483$6,503$3,682
14 years$10,339$8,949$7,721$6,643$5,701$3,061
15 years$9,550$8,175$6,971$5,924$5,020$2,553
16 years$8,861$7,500$6,320$5,304$4,436$2,136
17 years$8,253$6,907$5,751$4,766$3,934$1,790
18 years$7,713$6,383$5,250$4,295$3,497$1,504
19 years$7,231$5,915$4,806$3,881$3,117$1,265
20 years$6,797$5,497$4,411$3,515$2,785$1,066
21 years$6,406$5,120$4,057$3,190$2,492$899
22 years$6,050$4,779$3,739$2,900$2,234$758
23 years$5,726$4,470$3,452$2,642$2,005$641
24 years$5,429$4,188$3,193$2,409$1,802$541
25 years$5,156$3,930$2,957$2,200$1,622$458
26 years$4,905$3,694$2,743$2,012$1,461$387
27 years$4,673$3,476$2,547$1,841$1,317$328
28 years$4,458$3,276$2,368$1,687$1,188$278
29 years$4,258$3,090$2,203$1,547$1,073$235
30 years$4,071$2,919$2,052$1,420$970$199
31 years$3,897$2,759$1,913$1,304$877$169
32 years$3,734$2,611$1,785$1,198$793$143
33 years$3,582$2,472$1,667$1,102$718$121
34 years$3,438$2,343$1,557$1,014$650$103
35 years$3,304$2,222$1,456$933$588$87
36 years$3,176$2,109$1,362$860$533$74
37 years$3,057$2,003$1,275$792$483$63
38 years$2,943$1,904$1,194$730$438$53
39 years$2,836$1,811$1,119$673$397$45
40 years$2,734$1,723$1,048$621$360$38
41 years$2,638$1,640$983$573$327$32
42 years$2,546$1,562$922$529$297$27
43 years$2,459$1,488$865$488$269$23
44 years$2,376$1,418$812$451$244$20
45 years$2,297$1,352$763$416$222$17
46 years$2,222$1,290$716$384$201$14
47 years$2,150$1,231$673$355$183$12
48 years$2,081$1,175$632$328$166$10
49 years$2,016$1,122$594$303$151$9
50 years$1,953$1,072$559$280$137$7

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 $3,461 every year, while hoping to spend $50,981 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: 35/37/28 Blend
53$2,000,000$2,000,000$2,000,000$2,000,000
54$2,207,570$2,101,570$2,070,570$2,266,098
55$2,378,499$2,150,304$2,085,691$2,358,970
56$2,565,154$2,199,716$2,099,609$2,454,277
57$2,769,085$2,249,788$2,112,232$2,556,132
58$2,991,999$2,300,495$2,123,459$2,665,155
59$3,235,775$2,351,811$2,133,187$2,782,030
60$3,502,482$2,403,708$2,141,307$2,907,514
61$3,794,397$2,456,152$2,147,703$3,042,438
62$4,114,030$2,509,108$2,152,255$3,187,721
63$4,464,143$2,562,536$2,154,837$3,344,378
64$4,847,777$2,616,392$2,155,316$3,513,526
65$5,268,283$2,670,628$2,153,552$3,696,398
66$5,729,351$2,725,191$2,149,399$3,894,355
67$6,235,044$2,780,025$2,142,703$4,108,898
68$6,789,839$2,835,067$2,133,304$4,341,682
69$7,398,666$2,890,248$2,121,033$4,594,535
70$8,066,955$2,945,496$2,105,713$4,869,471
71$8,800,690$3,000,730$2,087,159$5,168,713
72$9,606,458$3,055,864$2,065,177$5,494,714
73$10,491,520$3,110,805$2,039,564$5,850,177
74$11,463,873$3,165,452$2,010,107$6,238,088
75$12,532,325$3,219,696$1,976,582$6,661,737
76$13,706,582$3,273,421$1,938,758$7,124,756
77$14,997,336$3,326,501$1,896,389$7,631,148
78$16,416,366$3,378,802$1,849,220$8,185,331
79$17,976,651$3,430,178$1,796,984$8,792,178
80$19,692,487$3,480,475$1,739,401$9,457,062
81$21,579,629$3,529,527$1,676,180$10,185,911
82$23,655,433$3,577,155$1,607,013$10,985,260
83$25,939,021$3,623,169$1,531,582$11,862,321
84$28,451,462$3,667,366$1,449,551$12,825,043
85$31,215,973$3,709,529$1,360,573$13,882,197
86$34,258,132$3,749,425$1,264,281$15,043,451
87$37,606,121$3,786,807$1,160,295$16,319,471
88$41,290,996$3,821,411$1,048,215$17,722,016
89$45,346,974$3,852,956$927,626$19,264,054
90$49,811,756$3,881,142$798,093$20,959,886
91$54,726,887$3,905,650$659,161$22,825,280
92$60,138,143$3,926,140$510,356$24,877,623
93$66,095,963$3,942,251$351,183$27,136,086
94$72,655,930$3,953,599$181,126$29,621,809
95$79,879,285$3,959,776$0$32,358,100
96$87,833,514$3,960,347$0$35,370,762
97$96,592,982$3,954,853$0$38,745,778
98$106,239,628$3,942,804$0$42,460,391
99$116,863,750$3,923,680$0$46,549,226
100$128,564,843$3,896,931$0$51,050,443