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

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 $2,050,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11%
1 years$169,287$167,779$166,308$164,872$163,470$162,781
2 years$83,805$82,245$80,732$79,265$77,843$77,147
3 years$55,315$53,748$52,239$50,786$49,387$48,706
4 years$41,073$39,510$38,017$36,589$35,223$34,563
5 years$32,530$30,977$29,502$28,104$26,776$26,138
6 years$26,836$25,295$23,842$22,475$21,187$20,572
7 years$22,771$21,242$19,813$18,478$17,231$16,639
8 years$19,724$18,209$16,803$15,500$14,294$13,726
9 years$17,355$15,854$14,472$13,203$12,038$11,493
10 years$15,460$13,974$12,617$11,381$10,257$9,735
11 years$13,912$12,441$11,108$9,905$8,821$8,322
12 years$12,622$11,166$9,858$8,688$7,644$7,167
13 years$11,532$10,091$8,808$7,670$6,666$6,210
14 years$10,598$9,172$7,914$6,809$5,843$5,409
15 years$9,789$8,379$7,145$6,072$5,145$4,731
16 years$9,082$7,688$6,478$5,437$4,547$4,154
17 years$8,459$7,080$5,895$4,885$4,032$3,658
18 years$7,906$6,542$5,381$4,402$3,585$3,230
19 years$7,412$6,063$4,926$3,978$3,195$2,859
20 years$6,967$5,634$4,521$3,603$2,854$2,535
21 years$6,566$5,248$4,158$3,270$2,554$2,253
22 years$6,201$4,899$3,833$2,973$2,289$2,004
23 years$5,869$4,582$3,539$2,708$2,055$1,786
24 years$5,565$4,293$3,273$2,469$1,847$1,593
25 years$5,285$4,029$3,031$2,255$1,662$1,423
26 years$5,028$3,786$2,811$2,062$1,497$1,272
27 years$4,790$3,563$2,611$1,887$1,350$1,138
28 years$4,569$3,358$2,427$1,729$1,218$1,019
29 years$4,364$3,168$2,258$1,586$1,100$912
30 years$4,173$2,992$2,104$1,455$994$818
31 years$3,995$2,828$1,961$1,337$898$734
32 years$3,828$2,676$1,830$1,228$813$658
33 years$3,671$2,534$1,708$1,130$736$591
34 years$3,524$2,402$1,596$1,039$666$531
35 years$3,386$2,278$1,492$957$603$477
36 years$3,256$2,162$1,396$881$546$428
37 years$3,133$2,054$1,307$812$495$385
38 years$3,017$1,952$1,224$748$449$346
39 years$2,907$1,856$1,146$690$407$311
40 years$2,803$1,766$1,075$636$369$280
41 years$2,704$1,681$1,008$587$335$252
42 years$2,610$1,601$945$542$304$226
43 years$2,521$1,525$887$500$276$204
44 years$2,436$1,454$833$462$250$183
45 years$2,355$1,386$782$427$227$165
46 years$2,277$1,322$734$394$206$148
47 years$2,204$1,262$690$364$187$134
48 years$2,133$1,205$648$336$170$120
49 years$2,066$1,150$609$311$155$108
50 years$2,002$1,099$573$287$140$98

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 $4,276 every year, while hoping to spend $49,351 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: 43/29/28 Blend
53$2,050,000$2,050,000$2,050,000$2,050,000
54$2,263,511$2,154,861$2,123,086$2,342,198
55$2,441,880$2,207,940$2,141,700$2,452,093
56$2,636,788$2,261,966$2,159,284$2,566,088
57$2,849,871$2,316,933$2,175,751$2,688,661
58$3,082,929$2,372,833$2,191,009$2,820,638
59$3,337,944$2,429,658$2,204,963$2,962,926
60$3,617,097$2,487,394$2,217,513$3,116,527
61$3,922,792$2,546,028$2,228,551$3,282,546
62$4,257,676$2,605,542$2,237,967$3,462,198
63$4,624,663$2,665,918$2,245,643$3,656,825
64$5,026,963$2,727,133$2,251,456$3,867,906
65$5,468,111$2,789,160$2,255,278$4,097,071
66$5,952,001$2,851,971$2,256,972$4,346,117
67$6,482,921$2,915,533$2,256,396$4,617,026
68$7,065,595$2,979,810$2,253,401$4,911,981
69$7,705,226$3,044,761$2,247,831$5,233,390
70$8,407,546$3,110,342$2,239,520$5,583,909
71$9,178,869$3,176,502$2,228,297$5,966,465
72$10,026,151$3,243,187$2,213,982$6,384,284
73$10,957,052$3,310,338$2,196,385$6,840,926
74$11,980,015$3,377,888$2,175,307$7,340,312
75$13,104,339$3,445,766$2,150,542$7,886,768
76$14,340,268$3,513,895$2,121,871$8,485,062
77$15,699,089$3,582,190$2,089,068$9,140,450
78$17,193,237$3,650,559$2,051,893$9,858,729
79$18,836,414$3,718,902$2,010,098$10,646,288
80$20,643,712$3,787,113$1,963,420$11,510,172
81$22,631,763$3,855,074$1,911,587$12,458,147
82$24,818,891$3,922,660$1,854,313$13,498,776
83$27,225,285$3,989,737$1,791,300$14,641,498
84$29,873,189$4,056,159$1,722,233$15,896,719
85$32,787,113$4,121,770$1,646,787$17,275,913
86$35,994,064$4,186,402$1,564,620$18,791,725
87$39,523,797$4,249,875$1,475,374$20,458,100
88$43,409,101$4,311,996$1,378,675$22,290,406
89$47,686,104$4,372,558$1,274,135$24,305,589
90$52,394,612$4,431,339$1,161,345$26,522,325
91$57,578,492$4,488,103$1,039,878$28,961,207
92$63,286,075$4,542,597$909,291$31,644,931
93$69,570,620$4,594,551$769,119$34,598,519
94$76,490,815$4,643,675$618,875$37,849,552
95$84,111,325$4,689,662$458,054$41,428,432
96$92,503,408$4,732,183$286,127$45,368,673
97$101,745,584$4,770,889$102,541$49,707,218
98$111,924,378$4,805,407$0$54,484,785
99$123,135,132$4,835,339$0$59,774,158
100$135,482,909$4,860,264$0$65,631,421