Can I retire at age 54 with 2,030,000?

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 $2,030,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.6%
1 years$167,636$166,142$164,685$163,264$161,875$156,882
2 years$82,988$81,442$79,944$78,492$77,083$72,096
3 years$54,776$53,223$51,729$50,291$48,905$44,081
4 years$40,672$39,125$37,646$36,232$34,879$30,255
5 years$32,213$30,674$29,215$27,829$26,515$22,102
6 years$26,575$25,048$23,610$22,255$20,980$16,784
7 years$22,549$21,035$19,620$18,297$17,063$13,082
8 years$19,531$18,031$16,639$15,349$14,155$10,387
9 years$17,185$15,699$14,331$13,074$11,921$8,362
10 years$15,310$13,838$12,494$11,270$10,157$6,802
11 years$13,776$12,319$11,000$9,808$8,735$5,579
12 years$12,499$11,057$9,762$8,603$7,570$4,604
13 years$11,419$9,992$8,722$7,595$6,601$3,820
14 years$10,494$9,083$7,837$6,742$5,786$3,182
15 years$9,694$8,297$7,075$6,013$5,095$2,660
16 years$8,994$7,613$6,415$5,384$4,503$2,230
17 years$8,377$7,011$5,837$4,837$3,993$1,874
18 years$7,829$6,478$5,329$4,359$3,550$1,577
19 years$7,339$6,004$4,878$3,939$3,164$1,330
20 years$6,899$5,579$4,477$3,568$2,826$1,123
21 years$6,502$5,197$4,118$3,238$2,529$949
22 years$6,141$4,851$3,795$2,944$2,267$803
23 years$5,812$4,537$3,504$2,681$2,035$680
24 years$5,510$4,251$3,241$2,445$1,829$576
25 years$5,234$3,989$3,002$2,233$1,646$488
26 years$4,979$3,749$2,784$2,042$1,483$414
27 years$4,743$3,529$2,585$1,869$1,337$351
28 years$4,524$3,325$2,403$1,712$1,206$298
29 years$4,321$3,137$2,236$1,570$1,089$253
30 years$4,132$2,962$2,083$1,441$984$215
31 years$3,956$2,800$1,942$1,324$890$183
32 years$3,790$2,650$1,812$1,216$805$155
33 years$3,635$2,509$1,692$1,119$728$132
34 years$3,490$2,378$1,581$1,029$659$112
35 years$3,353$2,256$1,478$947$597$95
36 years$3,224$2,141$1,383$873$541$81
37 years$3,102$2,034$1,294$804$490$69
38 years$2,987$1,933$1,212$741$445$58
39 years$2,878$1,838$1,135$683$403$50
40 years$2,775$1,748$1,064$630$366$42
41 years$2,677$1,664$998$581$332$36
42 years$2,584$1,585$936$537$301$31
43 years$2,496$1,510$878$495$273$26
44 years$2,412$1,440$824$457$248$22
45 years$2,332$1,373$774$422$225$19
46 years$2,255$1,310$727$390$204$16
47 years$2,182$1,250$683$360$186$14
48 years$2,113$1,193$642$333$169$12
49 years$2,046$1,139$603$308$153$10
50 years$1,982$1,088$567$285$139$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $2,030,000, adding $3,066 every year, while hoping to spend $25,588 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: 78/17/5 Blend
53$2,030,000$2,030,000$2,030,000$2,030,000
54$2,240,223$2,132,633$2,101,168$2,414,213
55$2,441,500$2,209,906$2,144,331$2,605,955
56$2,662,450$2,290,109$2,188,083$2,812,515
57$2,905,052$2,373,356$2,232,416$3,038,262
58$3,171,487$2,459,770$2,277,322$3,285,091
59$3,464,158$2,549,478$2,322,791$3,555,090
60$3,785,709$2,642,610$2,368,813$3,850,557
61$4,139,058$2,739,304$2,415,374$4,174,020
62$4,527,415$2,839,704$2,462,462$4,528,267
63$4,954,319$2,943,957$2,510,063$4,916,363
64$5,423,669$3,052,219$2,558,158$5,341,687
65$5,939,758$3,164,653$2,606,732$5,807,959
66$6,507,319$3,281,427$2,655,763$6,319,274
67$7,131,564$3,402,716$2,705,230$6,880,144
68$7,818,239$3,528,704$2,755,110$7,495,539
69$8,573,671$3,659,582$2,805,378$8,170,930
70$9,404,833$3,795,549$2,856,006$8,912,345
71$10,319,408$3,936,813$2,906,964$9,726,424
72$11,325,861$4,083,590$2,958,220$10,620,481
73$12,433,519$4,236,106$3,009,741$11,602,570
74$13,652,659$4,394,597$3,061,489$12,681,566
75$14,994,606$4,559,308$3,113,425$13,867,245
76$16,471,837$4,730,495$3,165,505$15,170,376
77$18,098,100$4,908,425$3,217,686$16,602,821
78$19,888,546$5,093,377$3,269,918$18,177,650
79$21,859,867$5,285,642$3,322,149$19,909,261
80$24,030,457$5,485,522$3,374,325$21,813,516
81$26,420,586$5,693,335$3,426,387$23,907,891
82$29,052,586$5,909,409$3,478,272$26,211,639
83$31,951,070$6,134,090$3,529,913$28,745,973
84$35,143,155$6,367,736$3,581,241$31,534,263
85$38,658,725$6,610,723$3,632,181$34,602,259
86$42,530,708$6,863,442$3,682,652$37,978,331
87$46,795,390$7,126,301$3,732,571$41,693,738
88$51,492,757$7,399,726$3,781,849$45,782,920
89$56,666,868$7,684,163$3,830,391$50,283,824
90$62,366,277$7,980,075$3,878,097$55,238,264
91$68,644,486$8,287,948$3,924,863$60,692,309
92$75,560,453$8,608,287$3,970,575$66,696,720
93$83,179,147$8,941,621$4,015,118$73,307,432
94$91,572,162$9,288,501$4,058,365$80,586,075
95$100,818,389$9,649,505$4,100,187$88,600,559
96$111,004,766$10,025,232$4,140,445$97,425,710
97$122,227,094$10,416,311$4,178,992$107,143,982
98$134,590,946$10,823,398$4,215,676$117,846,228
99$148,212,656$11,247,178$4,250,335$129,632,560
100$163,220,423$11,688,366$4,282,797$142,613,292