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

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 $2,030,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.6%
1 years$167,636$166,142$164,685$163,264$161,875$159,456
2 years$82,988$81,442$79,944$78,492$77,083$74,652
3 years$54,776$53,223$51,729$50,291$48,905$46,536
4 years$40,672$39,125$37,646$36,232$34,879$32,592
5 years$32,213$30,674$29,215$27,829$26,515$24,315
6 years$26,575$25,048$23,610$22,255$20,980$18,871
7 years$22,549$21,035$19,620$18,297$17,063$15,045
8 years$19,531$18,031$16,639$15,349$14,155$12,228
9 years$17,185$15,699$14,331$13,074$11,921$10,083
10 years$15,310$13,838$12,494$11,270$10,157$8,408
11 years$13,776$12,319$11,000$9,808$8,735$7,073
12 years$12,499$11,057$9,762$8,603$7,570$5,992
13 years$11,419$9,992$8,722$7,595$6,601$5,106
14 years$10,494$9,083$7,837$6,742$5,786$4,372
15 years$9,694$8,297$7,075$6,013$5,095$3,758
16 years$8,994$7,613$6,415$5,384$4,503$3,240
17 years$8,377$7,011$5,837$4,837$3,993$2,802
18 years$7,829$6,478$5,329$4,359$3,550$2,429
19 years$7,339$6,004$4,878$3,939$3,164$2,110
20 years$6,899$5,579$4,477$3,568$2,826$1,836
21 years$6,502$5,197$4,118$3,238$2,529$1,600
22 years$6,141$4,851$3,795$2,944$2,267$1,396
23 years$5,812$4,537$3,504$2,681$2,035$1,220
24 years$5,510$4,251$3,241$2,445$1,829$1,066
25 years$5,234$3,989$3,002$2,233$1,646$933
26 years$4,979$3,749$2,784$2,042$1,483$817
27 years$4,743$3,529$2,585$1,869$1,337$716
28 years$4,524$3,325$2,403$1,712$1,206$628
29 years$4,321$3,137$2,236$1,570$1,089$551
30 years$4,132$2,962$2,083$1,441$984$484
31 years$3,956$2,800$1,942$1,324$890$424
32 years$3,790$2,650$1,812$1,216$805$373
33 years$3,635$2,509$1,692$1,119$728$327
34 years$3,490$2,378$1,581$1,029$659$288
35 years$3,353$2,256$1,478$947$597$253
36 years$3,224$2,141$1,383$873$541$222
37 years$3,102$2,034$1,294$804$490$195
38 years$2,987$1,933$1,212$741$445$172
39 years$2,878$1,838$1,135$683$403$151
40 years$2,775$1,748$1,064$630$366$133
41 years$2,677$1,664$998$581$332$117
42 years$2,584$1,585$936$537$301$103
43 years$2,496$1,510$878$495$273$91
44 years$2,412$1,440$824$457$248$80
45 years$2,332$1,373$774$422$225$70
46 years$2,255$1,310$727$390$204$62
47 years$2,182$1,250$683$360$186$54
48 years$2,113$1,193$642$333$169$48
49 years$2,046$1,139$603$308$153$42
50 years$1,982$1,088$567$285$139$37

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 $2,799 every year, while hoping to spend $49,291 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$2,239,947$2,132,357$2,100,892$2,413,937
55$2,415,977$2,184,397$2,118,827$2,580,408
56$2,608,309$2,237,336$2,135,710$2,756,190
57$2,818,555$2,291,164$2,151,455$2,947,475
58$3,048,489$2,345,872$2,165,970$3,155,780
59$3,300,062$2,401,447$2,179,158$3,382,777
60$3,575,426$2,457,876$2,190,917$3,630,307
61$3,876,948$2,515,140$2,201,141$3,900,396
62$4,207,235$2,573,221$2,209,718$4,195,277
63$4,569,159$2,632,094$2,216,530$4,517,407
64$4,965,882$2,691,736$2,221,452$4,869,494
65$5,400,887$2,752,115$2,224,355$5,254,520
66$5,878,010$2,813,201$2,225,103$5,675,769
67$6,401,475$2,874,956$2,223,553$6,136,860
68$6,975,937$2,937,341$2,219,553$6,641,778
69$7,606,522$3,000,310$2,212,947$7,194,912
70$8,298,876$3,063,814$2,203,570$7,801,101
71$9,059,219$3,127,799$2,191,248$8,465,671
72$9,894,404$3,192,206$2,175,799$9,194,493
73$10,811,979$3,256,969$2,157,034$9,994,034
74$11,820,260$3,322,020$2,134,754$10,871,419
75$12,928,407$3,387,279$2,108,749$11,834,499
76$14,146,514$3,452,665$2,078,801$12,891,922
77$15,485,698$3,518,086$2,044,681$14,053,219
78$16,958,211$3,583,443$2,006,149$15,328,889
79$18,577,549$3,648,633$1,962,955$16,730,502
80$20,358,582$3,713,538$1,914,837$18,270,806
81$22,317,693$3,778,037$1,861,520$19,963,848
82$24,472,933$3,841,997$1,802,716$21,825,105
83$26,844,191$3,905,273$1,738,126$23,871,632
84$29,453,380$3,967,714$1,667,435$26,122,221
85$32,324,646$4,029,153$1,590,315$28,597,581
86$35,484,592$4,089,413$1,506,423$31,320,531
87$38,962,532$4,148,306$1,415,400$34,316,214
88$42,790,764$4,205,627$1,316,870$37,612,340
89$47,004,880$4,261,160$1,210,442$41,239,440
90$51,644,092$4,314,672$1,095,707$45,231,160
91$56,751,613$4,365,915$972,237$49,624,577
92$62,375,056$4,414,623$839,585$54,460,547
93$68,566,885$4,460,513$697,285$59,784,092
94$75,384,913$4,503,283$544,849$65,644,826
95$82,892,842$4,542,612$381,769$72,097,424
96$91,160,867$4,578,155$207,514$79,202,133
97$100,266,339$4,609,549$21,530$87,025,348
98$110,294,492$4,636,403$0$95,640,234
99$121,339,248$4,658,304$0$105,136,857
100$133,504,102$4,674,811$0$115,596,468