Can I retire at age 54 with 2,010,000?

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 $2,010,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.7%
1 years$165,984$164,505$163,063$161,655$160,280$157,173
2 years$82,170$80,640$79,157$77,719$76,324$73,206
3 years$54,236$52,699$51,220$49,795$48,423$45,391
4 years$40,272$38,739$37,275$35,875$34,536$31,614
5 years$31,895$30,372$28,927$27,555$26,253$23,450
6 years$26,313$24,801$23,377$22,036$20,773$18,091
7 years$22,327$20,828$19,427$18,117$16,894$14,334
8 years$19,339$17,853$16,475$15,198$14,016$11,577
9 years$17,016$15,545$14,190$12,945$11,803$9,484
10 years$15,159$13,702$12,371$11,159$10,057$7,855
11 years$13,640$12,198$10,891$9,712$8,649$6,563
12 years$12,376$10,948$9,666$8,518$7,495$5,521
13 years$11,307$9,894$8,636$7,520$6,536$4,670
14 years$10,391$8,993$7,759$6,676$5,729$3,969
15 years$9,598$8,216$7,006$5,954$5,045$3,386
16 years$8,905$7,538$6,352$5,331$4,458$2,897
17 years$8,294$6,942$5,780$4,790$3,953$2,486
18 years$7,752$6,415$5,276$4,317$3,515$2,138
19 years$7,267$5,945$4,830$3,900$3,133$1,842
20 years$6,831$5,524$4,433$3,533$2,798$1,590
21 years$6,438$5,146$4,077$3,206$2,504$1,374
22 years$6,080$4,803$3,758$2,915$2,245$1,189
23 years$5,754$4,492$3,470$2,655$2,015$1,030
24 years$5,456$4,209$3,209$2,421$1,811$893
25 years$5,182$3,950$2,972$2,211$1,630$774
26 years$4,930$3,712$2,756$2,022$1,468$672
27 years$4,696$3,494$2,560$1,851$1,324$584
28 years$4,480$3,292$2,380$1,696$1,194$507
29 years$4,279$3,106$2,214$1,555$1,078$441
30 years$4,091$2,933$2,063$1,427$974$384
31 years$3,917$2,773$1,923$1,311$881$334
32 years$3,753$2,624$1,794$1,204$797$290
33 years$3,600$2,485$1,675$1,108$721$253
34 years$3,456$2,355$1,565$1,019$653$220
35 years$3,320$2,234$1,463$938$591$192
36 years$3,192$2,120$1,369$864$536$167
37 years$3,072$2,013$1,281$796$486$145
38 years$2,958$1,914$1,200$734$440$127
39 years$2,850$1,820$1,124$677$399$110
40 years$2,748$1,731$1,054$624$362$96
41 years$2,651$1,648$988$576$329$84
42 years$2,559$1,569$927$531$298$73
43 years$2,471$1,495$870$490$271$64
44 years$2,388$1,425$816$453$246$55
45 years$2,309$1,359$766$418$223$48
46 years$2,233$1,297$720$386$202$42
47 years$2,161$1,237$676$357$184$37
48 years$2,092$1,181$636$330$167$32
49 years$2,026$1,128$597$305$152$28
50 years$1,962$1,078$562$282$138$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $2,010,000, adding $4,103 every year, while hoping to spend $36,300 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: 72/6/22 Blend
53$2,010,000$2,010,000$2,010,000$2,010,000
54$2,219,252$2,112,722$2,081,567$2,366,750
55$2,406,993$2,177,623$2,112,677$2,530,458
56$2,612,667$2,244,487$2,143,612$2,704,992
57$2,838,064$2,313,372$2,174,328$2,895,256
58$3,085,158$2,384,338$2,204,780$3,102,809
59$3,356,120$2,457,447$2,234,915$3,329,366
60$3,653,343$2,532,760$2,264,684$3,576,818
61$3,979,461$2,610,343$2,294,028$3,847,248
62$4,337,379$2,690,262$2,322,890$4,142,949
63$4,730,292$2,772,586$2,351,208$4,466,449
64$5,161,723$2,857,384$2,378,915$4,820,531
65$5,635,552$2,944,729$2,405,942$5,208,264
66$6,156,053$3,034,695$2,432,215$5,633,025
67$6,727,933$3,127,358$2,457,657$6,098,537
68$7,356,380$3,222,796$2,482,186$6,608,904
69$8,047,107$3,321,090$2,505,716$7,168,644
70$8,806,411$3,422,322$2,528,157$7,782,737
71$9,641,226$3,526,577$2,549,411$8,456,670
72$10,559,195$3,633,943$2,569,380$9,196,488
73$11,568,735$3,744,508$2,587,956$10,008,853
74$12,679,121$3,858,365$2,605,028$10,901,104
75$13,900,574$3,975,607$2,620,479$11,881,329
76$15,244,353$4,096,332$2,634,186$12,958,442
77$16,722,864$4,220,639$2,646,018$14,142,261
78$18,349,776$4,348,630$2,655,839$15,443,608
79$20,140,150$4,480,410$2,663,507$16,874,408
80$22,110,581$4,616,086$2,668,870$18,447,801
81$24,279,355$4,755,769$2,671,772$20,178,265
82$26,666,618$4,899,571$2,672,045$22,081,757
83$29,294,572$5,047,608$2,669,517$24,175,858
84$32,187,677$5,200,000$2,664,006$26,479,945
85$35,372,889$5,356,869$2,655,318$29,015,368
86$38,879,908$5,518,339$2,643,255$31,805,655
87$42,741,460$5,684,539$2,627,606$34,876,734
88$46,993,608$5,855,601$2,608,150$38,257,177
89$51,676,090$6,031,660$2,584,657$41,978,468
90$56,832,693$6,212,853$2,556,885$46,075,305
91$62,511,667$6,399,322$2,524,580$50,585,923
92$68,766,180$6,591,212$2,487,476$55,552,457
93$75,654,821$6,788,672$2,445,298$61,021,339
94$83,242,150$6,991,854$2,397,752$67,043,738
95$91,599,309$7,200,914$2,344,536$73,676,042
96$100,804,691$7,416,011$2,285,331$80,980,390
97$110,944,683$7,637,309$2,219,803$89,025,258
98$122,114,478$7,864,975$2,147,604$97,886,108
99$134,418,976$8,099,180$2,068,370$107,646,101
100$147,973,770$8,340,099$1,981,719$118,396,878