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

Use the below retirement simulation to view the chances of a successful retirement.
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%13.5%
1 years$165,984$164,505$163,063$161,655$160,280$157,950
2 years$82,170$80,640$79,157$77,719$76,324$73,981
3 years$54,236$52,699$51,220$49,795$48,423$46,141
4 years$40,272$38,739$37,275$35,875$34,536$32,331
5 years$31,895$30,372$28,927$27,555$26,253$24,133
6 years$26,313$24,801$23,377$22,036$20,773$18,740
7 years$22,327$20,828$19,427$18,117$16,894$14,949
8 years$19,339$17,853$16,475$15,198$14,016$12,157
9 years$17,016$15,545$14,190$12,945$11,803$10,031
10 years$15,159$13,702$12,371$11,159$10,057$8,369
11 years$13,640$12,198$10,891$9,712$8,649$7,045
12 years$12,376$10,948$9,666$8,518$7,495$5,972
13 years$11,307$9,894$8,636$7,520$6,536$5,092
14 years$10,391$8,993$7,759$6,676$5,729$4,363
15 years$9,598$8,216$7,006$5,954$5,045$3,752
16 years$8,905$7,538$6,352$5,331$4,458$3,238
17 years$8,294$6,942$5,780$4,790$3,953$2,803
18 years$7,752$6,415$5,276$4,317$3,515$2,431
19 years$7,267$5,945$4,830$3,900$3,133$2,113
20 years$6,831$5,524$4,433$3,533$2,798$1,840
21 years$6,438$5,146$4,077$3,206$2,504$1,605
22 years$6,080$4,803$3,758$2,915$2,245$1,401
23 years$5,754$4,492$3,470$2,655$2,015$1,225
24 years$5,456$4,209$3,209$2,421$1,811$1,072
25 years$5,182$3,950$2,972$2,211$1,630$939
26 years$4,930$3,712$2,756$2,022$1,468$823
27 years$4,696$3,494$2,560$1,851$1,324$722
28 years$4,480$3,292$2,380$1,696$1,194$633
29 years$4,279$3,106$2,214$1,555$1,078$556
30 years$4,091$2,933$2,063$1,427$974$488
31 years$3,917$2,773$1,923$1,311$881$429
32 years$3,753$2,624$1,794$1,204$797$377
33 years$3,600$2,485$1,675$1,108$721$332
34 years$3,456$2,355$1,565$1,019$653$292
35 years$3,320$2,234$1,463$938$591$257
36 years$3,192$2,120$1,369$864$536$226
37 years$3,072$2,013$1,281$796$486$199
38 years$2,958$1,914$1,200$734$440$175
39 years$2,850$1,820$1,124$677$399$154
40 years$2,748$1,731$1,054$624$362$135
41 years$2,651$1,648$988$576$329$119
42 years$2,559$1,569$927$531$298$105
43 years$2,471$1,495$870$490$271$92
44 years$2,388$1,425$816$453$246$81
45 years$2,309$1,359$766$418$223$72
46 years$2,233$1,297$720$386$202$63
47 years$2,161$1,237$676$357$184$56
48 years$2,092$1,181$636$330$167$49
49 years$2,026$1,128$597$305$152$43
50 years$1,962$1,078$562$282$138$38

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 $3,260 every year, while hoping to spend $26,126 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: 66/9/25 Blend
53$2,010,000$2,010,000$2,010,000$2,010,000
54$2,218,383$2,111,853$2,080,698$2,350,185
55$2,416,860$2,187,536$2,122,603$2,515,010
56$2,634,706$2,266,051$2,165,037$2,691,901
57$2,873,869$2,347,511$2,207,989$2,884,710
58$3,136,496$2,432,031$2,251,448$3,095,006
59$3,424,949$2,519,731$2,295,402$3,324,517
60$3,741,833$2,610,737$2,339,838$3,575,145
61$4,090,017$2,705,180$2,384,739$3,848,986
62$4,472,661$2,803,196$2,430,090$4,148,346
63$4,893,246$2,904,927$2,475,872$4,475,767
64$5,355,609$3,010,520$2,522,066$4,834,047
65$5,863,976$3,120,130$2,568,649$5,226,269
66$6,423,001$3,233,917$2,615,599$5,655,829
67$7,037,816$3,352,047$2,662,891$6,126,466
68$7,714,072$3,474,696$2,710,496$6,642,302
69$8,457,995$3,602,044$2,758,385$7,207,873
70$9,276,447$3,734,280$2,806,527$7,828,181
71$10,176,986$3,871,601$2,854,888$8,508,732
72$11,167,942$4,014,213$2,903,430$9,255,596
73$12,258,492$4,162,330$2,952,115$10,075,456
74$13,458,748$4,316,174$3,000,900$10,975,678
75$14,779,851$4,475,978$3,049,742$11,964,376
76$16,234,079$4,641,983$3,098,591$13,050,490
77$17,834,959$4,814,444$3,147,397$14,243,868
78$19,597,396$4,993,623$3,196,106$15,555,364
79$21,537,815$5,179,795$3,244,660$16,996,934
80$23,674,313$5,373,246$3,292,997$18,581,753
81$26,026,832$5,574,275$3,341,052$20,324,335
82$28,617,348$5,783,193$3,388,756$22,240,675
83$31,470,073$6,000,324$3,436,035$24,348,396
84$34,611,689$6,226,009$3,482,811$26,666,916
85$38,071,597$6,460,600$3,529,001$29,217,631
86$41,882,197$6,704,465$3,574,519$32,024,118
87$46,079,186$6,957,990$3,619,271$35,112,354
88$50,701,907$7,221,575$3,663,161$38,510,966
89$55,793,709$7,495,639$3,706,083$42,251,495
90$61,402,360$7,780,619$3,747,931$46,368,698
91$67,580,502$8,076,970$3,788,587$50,900,874
92$74,386,139$8,385,168$3,827,931$55,890,227
93$81,883,194$8,705,709$3,865,835$61,383,261
94$90,142,102$9,039,112$3,902,163$67,431,221
95$99,240,483$9,385,915$3,936,772$74,090,575
96$109,263,872$9,746,685$3,969,514$81,423,549
97$120,306,524$10,122,009$4,000,230$89,498,711
98$132,472,305$10,512,503$4,028,753$98,391,621
99$145,875,673$10,918,809$4,054,909$108,185,543
100$160,642,757$11,341,596$4,078,514$118,972,227