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%13.2%
1 years$169,287$167,779$166,308$164,872$163,470$161,293
2 years$83,805$82,245$80,732$79,265$77,843$75,654
3 years$55,315$53,748$52,239$50,786$49,387$47,253
4 years$41,073$39,510$38,017$36,589$35,223$33,161
5 years$32,530$30,977$29,502$28,104$26,776$24,791
6 years$26,836$25,295$23,842$22,475$21,187$19,282
7 years$22,771$21,242$19,813$18,478$17,231$15,407
8 years$19,724$18,209$16,803$15,500$14,294$12,551
9 years$17,355$15,854$14,472$13,203$12,038$10,374
10 years$15,460$13,974$12,617$11,381$10,257$8,672
11 years$13,912$12,441$11,108$9,905$8,821$7,313
12 years$12,622$11,166$9,858$8,688$7,644$6,212
13 years$11,532$10,091$8,808$7,670$6,666$5,307
14 years$10,598$9,172$7,914$6,809$5,843$4,556
15 years$9,789$8,379$7,145$6,072$5,145$3,926
16 years$9,082$7,688$6,478$5,437$4,547$3,396
17 years$8,459$7,080$5,895$4,885$4,032$2,945
18 years$7,906$6,542$5,381$4,402$3,585$2,560
19 years$7,412$6,063$4,926$3,978$3,195$2,230
20 years$6,967$5,634$4,521$3,603$2,854$1,947
21 years$6,566$5,248$4,158$3,270$2,554$1,701
22 years$6,201$4,899$3,833$2,973$2,289$1,489
23 years$5,869$4,582$3,539$2,708$2,055$1,305
24 years$5,565$4,293$3,273$2,469$1,847$1,145
25 years$5,285$4,029$3,031$2,255$1,662$1,005
26 years$5,028$3,786$2,811$2,062$1,497$883
27 years$4,790$3,563$2,611$1,887$1,350$776
28 years$4,569$3,358$2,427$1,729$1,218$683
29 years$4,364$3,168$2,258$1,586$1,100$601
30 years$4,173$2,992$2,104$1,455$994$529
31 years$3,995$2,828$1,961$1,337$898$466
32 years$3,828$2,676$1,830$1,228$813$411
33 years$3,671$2,534$1,708$1,130$736$362
34 years$3,524$2,402$1,596$1,039$666$319
35 years$3,386$2,278$1,492$957$603$281
36 years$3,256$2,162$1,396$881$546$248
37 years$3,133$2,054$1,307$812$495$219
38 years$3,017$1,952$1,224$748$449$193
39 years$2,907$1,856$1,146$690$407$170
40 years$2,803$1,766$1,075$636$369$150
41 years$2,704$1,681$1,008$587$335$133
42 years$2,610$1,601$945$542$304$117
43 years$2,521$1,525$887$500$276$103
44 years$2,436$1,454$833$462$250$91
45 years$2,355$1,386$782$427$227$81
46 years$2,277$1,322$734$394$206$71
47 years$2,204$1,262$690$364$187$63
48 years$2,133$1,205$648$336$170$56
49 years$2,066$1,150$609$311$155$49
50 years$2,002$1,099$573$287$140$43

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 $2,667 every year, while hoping to spend $47,265 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: 71/16/13 Blend
53$2,050,000$2,050,000$2,050,000$2,050,000
54$2,261,851$2,153,201$2,121,426$2,415,902
55$2,442,270$2,208,418$2,142,204$2,573,613
56$2,639,508$2,264,757$2,162,094$2,740,198
57$2,855,230$2,322,222$2,181,017$2,921,309
58$3,091,270$2,380,818$2,198,888$3,118,370
59$3,349,648$2,440,546$2,215,618$3,332,950
60$3,632,587$2,501,408$2,231,117$3,566,776
61$3,942,536$2,563,402$2,245,284$3,821,751
62$4,282,192$2,626,525$2,258,018$4,099,971
63$4,654,524$2,690,774$2,269,210$4,403,745
64$5,062,804$2,756,140$2,278,747$4,735,616
65$5,510,634$2,822,615$2,286,509$5,098,384
66$6,001,983$2,890,188$2,292,372$5,495,137
67$6,541,221$2,958,843$2,296,202$5,929,274
68$7,133,163$3,028,564$2,297,862$6,404,541
69$7,783,112$3,099,330$2,297,207$6,925,065
70$8,496,911$3,171,119$2,294,085$7,495,391
71$9,280,995$3,243,902$2,288,336$8,120,531
72$10,142,453$3,317,651$2,279,792$8,806,004
73$11,089,097$3,392,329$2,268,278$9,557,891
74$12,129,529$3,467,897$2,253,610$10,382,893
75$13,273,230$3,544,313$2,235,595$11,288,394
76$14,530,643$3,621,528$2,214,031$12,282,531
77$15,913,274$3,699,488$2,188,706$13,374,268
78$17,433,798$3,778,134$2,159,399$14,573,484
79$19,106,184$3,857,400$2,125,877$15,891,066
80$20,945,818$3,937,216$2,087,897$17,339,008
81$22,969,655$4,017,504$2,045,205$18,930,530
82$25,196,376$4,098,177$1,997,535$20,680,196
83$27,646,562$4,179,144$1,944,609$22,604,059
84$30,342,892$4,260,303$1,886,134$24,719,807
85$33,310,354$4,341,544$1,821,806$27,046,930
86$36,576,480$4,422,750$1,751,307$29,606,910
87$40,171,608$4,503,792$1,674,303$32,423,417
88$44,129,166$4,584,531$1,590,445$35,522,535
89$48,485,986$4,664,818$1,499,370$38,933,010
90$53,282,654$4,744,491$1,400,696$42,686,519
91$58,563,892$4,823,379$1,294,027$46,817,971
92$64,378,978$4,901,294$1,178,946$51,365,836
93$70,782,212$4,978,036$1,055,020$56,372,507
94$77,833,429$5,053,390$921,793$61,884,703
95$85,598,559$5,127,127$778,794$67,953,910
96$94,150,256$5,199,000$625,528$74,636,863
97$103,568,576$5,268,745$461,477$81,996,088
98$113,941,737$5,336,080$286,103$90,100,488
99$125,366,949$5,400,703$98,842$99,025,998
100$137,951,333$5,462,292$0$108,856,298