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%18.2%
1 years$165,158$163,687$162,252$160,851$159,483$154,193
2 years$81,761$80,239$78,763$77,332$75,944$70,666
3 years$53,966$52,437$50,965$49,547$48,182$43,081
4 years$40,071$38,547$37,089$35,696$34,364$29,479
5 years$31,737$30,221$28,783$27,418$26,123$21,468
6 years$26,182$24,678$23,261$21,926$20,670$16,248
7 years$22,216$20,724$19,330$18,027$16,810$12,621
8 years$19,243$17,765$16,393$15,122$13,946$9,986
9 years$16,931$15,467$14,120$12,881$11,744$8,010
10 years$15,083$13,634$12,310$11,103$10,007$6,491
11 years$13,572$12,137$10,837$9,663$8,606$5,303
12 years$12,314$10,894$9,618$8,476$7,458$4,360
13 years$11,250$9,845$8,593$7,483$6,503$3,602
14 years$10,339$8,949$7,721$6,643$5,701$2,988
15 years$9,550$8,175$6,971$5,924$5,020$2,487
16 years$8,861$7,500$6,320$5,304$4,436$2,076
17 years$8,253$6,907$5,751$4,766$3,934$1,737
18 years$7,713$6,383$5,250$4,295$3,497$1,455
19 years$7,231$5,915$4,806$3,881$3,117$1,222
20 years$6,797$5,497$4,411$3,515$2,785$1,027
21 years$6,406$5,120$4,057$3,190$2,492$864
22 years$6,050$4,779$3,739$2,900$2,234$727
23 years$5,726$4,470$3,452$2,642$2,005$613
24 years$5,429$4,188$3,193$2,409$1,802$517
25 years$5,156$3,930$2,957$2,200$1,622$436
26 years$4,905$3,694$2,743$2,012$1,461$368
27 years$4,673$3,476$2,547$1,841$1,317$311
28 years$4,458$3,276$2,368$1,687$1,188$262
29 years$4,258$3,090$2,203$1,547$1,073$222
30 years$4,071$2,919$2,052$1,420$970$187
31 years$3,897$2,759$1,913$1,304$877$158
32 years$3,734$2,611$1,785$1,198$793$134
33 years$3,582$2,472$1,667$1,102$718$113
34 years$3,438$2,343$1,557$1,014$650$96
35 years$3,304$2,222$1,456$933$588$81
36 years$3,176$2,109$1,362$860$533$68
37 years$3,057$2,003$1,275$792$483$58
38 years$2,943$1,904$1,194$730$438$49
39 years$2,836$1,811$1,119$673$397$41
40 years$2,734$1,723$1,048$621$360$35
41 years$2,638$1,640$983$573$327$30
42 years$2,546$1,562$922$529$297$25
43 years$2,459$1,488$865$488$269$21
44 years$2,376$1,418$812$451$244$18
45 years$2,297$1,352$763$416$222$15
46 years$2,222$1,290$716$384$201$13
47 years$2,150$1,231$673$355$183$11
48 years$2,081$1,175$632$328$166$9
49 years$2,016$1,122$594$303$151$8
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 $3,475 every year, while hoping to spend $24,612 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: 55/38/7 Blend
53$2,000,000$2,000,000$2,000,000$2,000,000
54$2,207,584$2,101,584$2,070,584$2,325,271
55$2,406,571$2,178,375$2,113,762$2,481,905
56$2,625,029$2,258,104$2,157,561$2,649,326
57$2,864,920$2,340,888$2,201,977$2,831,002
58$3,128,401$2,426,851$2,247,003$3,028,290
59$3,417,852$2,516,121$2,292,631$3,242,682
60$3,735,894$2,608,831$2,338,855$3,475,819
61$4,085,412$2,705,121$2,385,664$3,729,505
62$4,469,588$2,805,136$2,433,047$4,005,726
63$4,891,924$2,909,026$2,480,993$4,306,665
64$5,356,282$3,016,950$2,529,488$4,634,723
65$5,866,914$3,129,071$2,578,516$4,992,542
66$6,428,505$3,245,562$2,628,063$5,383,029
67$7,046,218$3,366,601$2,678,109$5,809,383
68$7,725,742$3,492,373$2,728,635$6,275,125
69$8,473,342$3,623,074$2,779,618$6,784,129
70$9,295,924$3,758,906$2,831,037$7,340,659
71$10,201,096$3,900,080$2,882,864$7,949,410
72$11,197,241$4,046,816$2,935,073$8,615,547
73$12,293,594$4,199,346$2,987,633$9,344,758
74$13,500,335$4,357,907$3,040,512$10,143,306
75$14,828,675$4,522,751$3,093,676$11,018,084
76$16,290,973$4,694,139$3,147,087$11,976,683
77$17,900,843$4,872,342$3,200,705$13,027,462
78$19,673,287$5,057,646$3,254,487$14,179,623
79$21,624,838$5,250,345$3,308,388$15,443,301
80$23,773,710$5,450,751$3,362,358$16,829,656
81$26,139,976$5,659,186$3,416,344$18,350,980
82$28,745,754$5,875,986$3,470,292$20,020,808
83$31,615,415$6,101,503$3,524,141$21,854,048
84$34,775,816$6,336,106$3,577,828$23,867,119
85$38,256,550$6,580,176$3,631,287$26,078,107
86$42,090,228$6,834,114$3,684,444$28,506,931
87$46,312,783$7,098,337$3,737,225$31,175,531
88$50,963,813$7,373,282$3,789,548$34,108,076
89$56,086,953$7,659,404$3,841,329$37,331,188
90$61,730,285$7,957,178$3,892,477$40,874,193
91$67,946,795$8,267,100$3,942,895$44,769,396
92$74,794,870$8,589,689$3,992,484$49,052,386
93$82,338,849$8,925,487$4,041,134$53,762,368
94$90,649,633$9,275,057$4,088,734$58,942,530
95$99,805,353$9,638,992$4,135,164$64,640,456
96$109,892,104$10,017,908$4,180,297$70,908,564
97$121,004,762$10,412,448$4,224,000$77,804,606
98$133,247,876$10,823,287$4,266,132$85,392,207
99$146,736,657$11,251,126$4,306,546$93,741,468
100$161,598,066$11,696,700$4,345,085$102,929,620