Can I retire at age 54 with 2,050,000?

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 $2,050,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.4%
1 years$169,287$167,779$166,308$164,872$163,470$157,295
2 years$83,805$82,245$80,732$79,265$77,843$71,693
3 years$55,315$53,748$52,239$50,786$49,387$43,456
4 years$41,073$39,510$38,017$36,589$35,223$29,556
5 years$32,530$30,977$29,502$28,104$26,776$21,388
6 years$26,836$25,295$23,842$22,475$21,187$16,082
7 years$22,771$21,242$19,813$18,478$17,231$12,406
8 years$19,724$18,209$16,803$15,500$14,294$9,747
9 years$17,355$15,854$14,472$13,203$12,038$7,760
10 years$15,460$13,974$12,617$11,381$10,257$6,242
11 years$13,912$12,441$11,108$9,905$8,821$5,059
12 years$12,622$11,166$9,858$8,688$7,644$4,126
13 years$11,532$10,091$8,808$7,670$6,666$3,381
14 years$10,598$9,172$7,914$6,809$5,843$2,782
15 years$9,789$8,379$7,145$6,072$5,145$2,296
16 years$9,082$7,688$6,478$5,437$4,547$1,900
17 years$8,459$7,080$5,895$4,885$4,032$1,575
18 years$7,906$6,542$5,381$4,402$3,585$1,308
19 years$7,412$6,063$4,926$3,978$3,195$1,088
20 years$6,967$5,634$4,521$3,603$2,854$906
21 years$6,566$5,248$4,158$3,270$2,554$755
22 years$6,201$4,899$3,833$2,973$2,289$630
23 years$5,869$4,582$3,539$2,708$2,055$526
24 years$5,565$4,293$3,273$2,469$1,847$439
25 years$5,285$4,029$3,031$2,255$1,662$367
26 years$5,028$3,786$2,811$2,062$1,497$307
27 years$4,790$3,563$2,611$1,887$1,350$256
28 years$4,569$3,358$2,427$1,729$1,218$215
29 years$4,364$3,168$2,258$1,586$1,100$179
30 years$4,173$2,992$2,104$1,455$994$150
31 years$3,995$2,828$1,961$1,337$898$126
32 years$3,828$2,676$1,830$1,228$813$105
33 years$3,671$2,534$1,708$1,130$736$88
34 years$3,524$2,402$1,596$1,039$666$74
35 years$3,386$2,278$1,492$957$603$62
36 years$3,256$2,162$1,396$881$546$52
37 years$3,133$2,054$1,307$812$495$43
38 years$3,017$1,952$1,224$748$449$36
39 years$2,907$1,856$1,146$690$407$30
40 years$2,803$1,766$1,075$636$369$25
41 years$2,704$1,681$1,008$587$335$21
42 years$2,610$1,601$945$542$304$18
43 years$2,521$1,525$887$500$276$15
44 years$2,436$1,454$833$462$250$12
45 years$2,355$1,386$782$427$227$10
46 years$2,277$1,322$734$394$206$9
47 years$2,204$1,262$690$364$187$7
48 years$2,133$1,205$648$336$170$6
49 years$2,066$1,150$609$311$155$5
50 years$2,002$1,099$573$287$140$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $2,050,000, adding $3,552 every year, while hoping to spend $48,447 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: 52/29/19 Blend
53$2,050,000$2,050,000$2,050,000$2,050,000
54$2,262,764$2,154,114$2,122,339$2,368,441
55$2,442,019$2,208,118$2,141,890$2,495,493
56$2,637,933$2,263,145$2,160,472$2,628,268
57$2,852,157$2,319,193$2,178,002$2,771,643
58$3,086,503$2,376,260$2,194,392$2,926,638
59$3,342,971$2,434,341$2,209,548$3,094,381
60$3,623,760$2,493,430$2,223,375$3,276,110
61$3,931,294$2,553,519$2,235,768$3,473,192
62$4,268,240$2,614,595$2,246,620$3,687,131
63$4,637,538$2,676,647$2,255,819$3,919,585
64$5,042,423$2,739,659$2,263,245$4,172,380
65$5,486,459$2,803,612$2,268,773$4,447,529
66$5,973,573$2,868,484$2,272,272$4,747,250
67$6,508,089$2,934,251$2,273,604$5,073,985
68$7,094,769$3,000,884$2,272,625$5,430,429
69$7,738,861$3,068,353$2,269,184$5,819,547
70$8,446,144$3,136,621$2,263,120$6,244,610
71$9,222,983$3,205,649$2,254,268$6,709,221
72$10,076,394$3,275,392$2,242,452$7,217,352
73$11,014,101$3,345,801$2,227,489$7,773,379
74$12,044,617$3,416,823$2,209,188$8,382,127
75$13,177,319$3,488,398$2,187,346$9,048,910
76$14,422,536$3,560,461$2,161,753$9,779,589
77$15,791,652$3,632,940$2,132,189$10,580,620
78$17,297,205$3,705,758$2,098,422$11,459,119
79$18,953,010$3,778,831$2,060,209$12,422,932
80$20,774,290$3,852,067$2,017,299$13,480,703
81$22,777,814$3,925,365$1,969,426$14,641,959
82$24,982,062$3,998,618$1,916,312$15,917,204
83$27,407,391$4,071,709$1,857,667$17,318,010
84$30,076,234$4,144,512$1,793,188$18,857,134
85$33,013,308$4,216,891$1,722,558$20,548,638
86$36,245,846$4,288,700$1,645,444$22,408,017
87$39,803,857$4,359,780$1,561,501$24,452,352
88$43,720,403$4,429,963$1,470,365$26,700,467
89$48,031,920$4,499,066$1,371,657$29,173,110
90$52,778,549$4,566,894$1,264,981$31,893,148
91$58,004,528$4,633,238$1,149,924$34,885,786
92$63,758,597$4,697,874$1,026,054$38,178,802
93$70,094,465$4,760,562$892,919$41,802,812
94$77,071,316$4,821,045$750,047$45,791,559
95$84,754,363$4,879,048$596,946$50,182,235
96$93,215,466$4,934,280$433,102$55,015,827
97$102,533,811$4,986,427$257,978$60,337,514
98$112,796,654$5,035,156$71,014$66,197,083
99$124,100,145$5,080,111$0$72,649,412
100$136,550,236$5,120,913$0$79,781,033