Can I retire at age 54 with 2,060,000?

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 $2,060,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.9%
1 years$170,113$168,598$167,119$165,676$164,267$159,009
2 years$84,214$82,646$81,126$79,652$78,223$72,973
3 years$55,585$54,010$52,494$51,034$49,628$44,552
4 years$41,273$39,703$38,202$36,767$35,395$30,532
5 years$32,689$31,128$29,646$28,241$26,907$22,270
6 years$26,967$25,418$23,959$22,584$21,290$16,883
7 years$22,882$21,346$19,910$18,568$17,315$13,137
8 years$19,820$18,298$16,885$15,576$14,364$10,413
9 years$17,439$15,931$14,543$13,267$12,097$8,367
10 years$15,536$14,043$12,679$11,437$10,307$6,794
11 years$13,980$12,501$11,162$9,953$8,864$5,561
12 years$12,684$11,221$9,906$8,730$7,682$4,581
13 years$11,588$10,140$8,851$7,708$6,699$3,792
14 years$10,649$9,217$7,952$6,842$5,872$3,153
15 years$9,837$8,420$7,180$6,102$5,170$2,630
16 years$9,127$7,725$6,510$5,463$4,569$2,200
17 years$8,501$7,115$5,924$4,909$4,052$1,844
18 years$7,945$6,574$5,407$4,424$3,602$1,549
19 years$7,448$6,093$4,950$3,997$3,211$1,303
20 years$7,001$5,662$4,543$3,620$2,868$1,098
21 years$6,598$5,274$4,179$3,286$2,567$926
22 years$6,231$4,923$3,851$2,987$2,301$781
23 years$5,897$4,604$3,556$2,721$2,065$660
24 years$5,592$4,314$3,289$2,481$1,856$558
25 years$5,311$4,048$3,046$2,266$1,670$472
26 years$5,052$3,805$2,825$2,072$1,505$399
27 years$4,813$3,581$2,623$1,897$1,356$338
28 years$4,591$3,374$2,439$1,738$1,224$286
29 years$4,385$3,183$2,269$1,594$1,105$242
30 years$4,193$3,006$2,114$1,462$999$205
31 years$4,014$2,842$1,971$1,343$903$174
32 years$3,846$2,689$1,839$1,234$817$147
33 years$3,689$2,546$1,717$1,135$739$125
34 years$3,542$2,413$1,604$1,044$669$106
35 years$3,403$2,289$1,500$961$606$90
36 years$3,272$2,173$1,403$885$549$76
37 years$3,148$2,064$1,313$816$498$64
38 years$3,032$1,961$1,230$752$451$55
39 years$2,921$1,865$1,152$693$409$46
40 years$2,816$1,774$1,080$640$371$39
41 years$2,717$1,689$1,013$590$337$33
42 years$2,623$1,608$950$545$306$28
43 years$2,533$1,533$891$503$277$24
44 years$2,448$1,461$837$464$252$20
45 years$2,366$1,393$786$429$228$17
46 years$2,289$1,329$738$396$207$15
47 years$2,215$1,268$693$366$188$12
48 years$2,144$1,211$651$338$171$11
49 years$2,076$1,156$612$312$155$9
50 years$2,011$1,104$576$289$141$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $2,060,000, adding $5,908 every year, while hoping to spend $51,277 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: 64/24/12 Blend
53$2,060,000$2,060,000$2,060,000$2,060,000
54$2,276,214$2,167,034$2,135,104$2,415,242
55$2,453,830$2,218,660$2,152,072$2,560,529
56$2,647,843$2,271,098$2,167,889$2,712,666
57$2,859,874$2,324,332$2,182,464$2,877,560
58$3,091,703$2,378,346$2,195,698$3,056,453
59$3,345,292$2,433,121$2,207,490$3,250,709
60$3,622,802$2,488,634$2,217,731$3,461,835
61$3,926,611$2,544,860$2,226,308$3,691,488
62$4,259,338$2,601,771$2,233,102$3,941,492
63$4,623,868$2,659,336$2,237,989$4,213,860
64$5,023,378$2,717,518$2,240,837$4,510,806
65$5,461,366$2,776,280$2,241,508$4,834,771
66$5,941,685$2,835,578$2,239,859$5,188,445
67$6,468,580$2,895,364$2,235,737$5,574,789
68$7,046,724$2,955,586$2,228,983$5,997,069
69$7,681,267$3,016,186$2,219,431$6,458,880
70$8,377,880$3,077,104$2,206,906$6,964,186
71$9,142,812$3,138,269$2,191,225$7,517,352
72$9,982,943$3,199,609$2,172,195$8,123,192
73$10,905,856$3,261,043$2,149,617$8,787,007
74$11,919,903$3,322,483$2,123,278$9,514,639
75$13,034,285$3,383,836$2,092,960$10,312,527
76$14,259,137$3,445,000$2,058,430$11,187,767
77$15,605,629$3,505,865$2,019,447$12,148,176
78$17,086,063$3,566,312$1,975,758$13,202,372
79$18,713,993$3,626,213$1,927,098$14,359,849
80$20,504,355$3,685,432$1,873,190$15,631,072
81$22,473,602$3,743,821$1,813,745$17,027,572
82$24,639,863$3,801,222$1,748,459$18,562,059
83$27,023,112$3,857,465$1,677,015$20,248,539
84$29,645,357$3,912,368$1,599,083$22,102,445
85$32,530,847$3,965,738$1,514,315$24,140,789
86$35,706,299$4,017,364$1,422,350$26,382,317
87$39,201,152$4,067,026$1,322,810$28,847,689
88$43,047,843$4,114,484$1,215,298$31,559,674
89$47,282,115$4,159,485$1,099,402$34,543,365
90$51,943,349$4,201,759$974,691$37,826,416
91$57,074,941$4,241,015$840,713$41,439,304
92$62,724,706$4,276,946$696,998$45,415,618
93$68,945,333$4,309,223$543,054$49,792,375
94$75,794,879$4,337,497$378,368$54,610,370
95$83,337,318$4,361,396$202,405$59,914,562
96$91,643,144$4,380,523$14,605$65,754,501
97$100,790,034$4,394,459$0$72,184,794
98$110,863,586$4,402,755$0$79,289,413
99$121,958,118$4,404,937$0$87,114,434
100$134,177,565$4,400,498$0$95,731,159