Can I retire at age 54 with 2,070,000?

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 $2,070,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13%
1 years$170,939$169,416$167,930$166,481$165,065$163,002
2 years$84,623$83,047$81,520$80,039$78,602$76,527
3 years$55,855$54,272$52,749$51,282$49,868$47,845
4 years$41,474$39,896$38,387$36,945$35,567$33,610
5 years$32,847$31,279$29,790$28,378$27,037$25,154
6 years$27,098$25,541$24,075$22,694$21,394$19,585
7 years$22,993$21,450$20,006$18,658$17,399$15,666
8 years$19,916$18,386$16,967$15,652$14,434$12,777
9 years$17,524$16,009$14,614$13,332$12,155$10,574
10 years$15,611$14,111$12,741$11,492$10,357$8,849
11 years$14,047$12,562$11,217$10,002$8,907$7,472
12 years$12,745$11,275$9,954$8,773$7,719$6,355
13 years$11,644$10,189$8,894$7,745$6,731$5,436
14 years$10,701$9,262$7,991$6,875$5,900$4,673
15 years$9,885$8,461$7,215$6,131$5,195$4,033
16 years$9,171$7,763$6,541$5,490$4,592$3,493
17 years$8,542$7,149$5,952$4,933$4,071$3,033
18 years$7,983$6,606$5,434$4,445$3,620$2,641
19 years$7,484$6,122$4,974$4,017$3,226$2,304
20 years$7,035$5,689$4,565$3,638$2,882$2,014
21 years$6,630$5,299$4,199$3,302$2,579$1,763
22 years$6,262$4,947$3,870$3,002$2,312$1,545
23 years$5,926$4,627$3,573$2,734$2,075$1,356
24 years$5,619$4,335$3,305$2,494$1,865$1,191
25 years$5,337$4,068$3,061$2,277$1,678$1,047
26 years$5,077$3,823$2,839$2,082$1,512$922
27 years$4,836$3,598$2,636$1,906$1,363$812
28 years$4,614$3,391$2,451$1,746$1,230$715
29 years$4,407$3,199$2,280$1,601$1,111$630
30 years$4,214$3,021$2,124$1,470$1,003$556
31 years$4,034$2,856$1,980$1,350$907$491
32 years$3,865$2,702$1,848$1,240$821$433
33 years$3,707$2,559$1,725$1,141$743$382
34 years$3,559$2,425$1,612$1,050$672$338
35 years$3,419$2,300$1,507$966$609$298
36 years$3,288$2,183$1,410$890$552$263
37 years$3,164$2,074$1,320$820$500$233
38 years$3,046$1,971$1,236$756$453$206
39 years$2,935$1,874$1,158$697$411$182
40 years$2,830$1,783$1,085$643$373$161
41 years$2,730$1,697$1,017$593$338$142
42 years$2,635$1,616$954$547$307$126
43 years$2,545$1,540$896$505$279$111
44 years$2,459$1,468$841$466$253$98
45 years$2,378$1,400$789$431$230$87
46 years$2,300$1,335$741$398$208$77
47 years$2,225$1,274$697$368$189$68
48 years$2,154$1,217$655$340$172$60
49 years$2,086$1,162$615$314$156$53
50 years$2,021$1,110$578$290$142$47

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $2,070,000, adding $5,267 every year, while hoping to spend $35,496 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: 50/33/17 Blend
53$2,070,000$2,070,000$2,070,000$2,070,000
54$2,286,573$2,176,863$2,144,778$2,389,897
55$2,482,036$2,245,762$2,178,861$2,530,584
56$2,696,246$2,316,847$2,212,895$2,679,288
57$2,931,079$2,390,188$2,246,843$2,840,123
58$3,188,599$2,465,857$2,280,662$3,014,245
59$3,471,081$2,543,928$2,314,308$3,202,925
60$3,781,028$2,624,478$2,347,735$3,407,561
61$4,121,201$2,707,586$2,380,892$3,629,693
62$4,494,639$2,793,333$2,413,728$3,871,013
63$4,904,689$2,881,803$2,446,184$4,133,387
64$5,355,040$2,973,084$2,478,204$4,418,865
65$5,849,754$3,067,265$2,509,724$4,729,708
66$6,393,306$3,164,438$2,540,677$5,068,400
67$6,990,627$3,264,700$2,570,993$5,437,680
68$7,647,149$3,368,148$2,600,600$5,840,562
69$8,368,856$3,474,885$2,629,417$6,280,364
70$9,162,340$3,585,015$2,657,364$6,760,741
71$10,034,865$3,698,647$2,684,352$7,285,719
72$10,994,434$3,815,893$2,710,290$7,859,728
73$12,049,863$3,936,869$2,735,082$8,487,650
74$13,210,867$4,061,694$2,758,625$9,174,862
75$14,488,149$4,190,490$2,780,812$9,927,284
76$15,893,501$4,323,385$2,801,531$10,751,438
77$17,439,917$4,460,510$2,820,661$11,654,510
78$19,141,715$4,602,001$2,838,079$12,644,412
79$21,014,667$4,747,997$2,853,652$13,729,861
80$23,076,157$4,898,642$2,867,243$14,920,461
81$25,345,335$5,054,085$2,878,706$16,226,790
82$27,843,305$5,214,481$2,887,888$17,660,503
83$30,593,319$5,379,988$2,894,629$19,234,439
84$33,621,000$5,550,769$2,898,762$20,962,743
85$36,954,579$5,726,995$2,900,108$22,860,999
86$40,625,167$5,908,839$2,898,482$24,946,376
87$44,667,044$6,096,481$2,893,691$27,237,792
88$49,117,983$6,290,109$2,885,530$29,756,087
89$54,019,606$6,489,914$2,873,785$32,524,225
90$59,417,780$6,696,094$2,858,231$35,567,509
91$65,363,046$6,908,854$2,838,633$38,913,815
92$71,911,095$7,128,407$2,814,746$42,593,860
93$79,123,297$7,354,969$2,786,311$46,641,490
94$87,067,278$7,588,767$2,753,057$51,093,997
95$95,817,558$7,830,034$2,714,701$55,992,471
96$105,456,252$8,079,009$2,670,947$61,382,192
97$116,073,850$8,335,941$2,621,484$67,313,050
98$127,770,067$8,601,086$2,565,988$73,840,019
99$140,654,783$8,874,709$2,504,118$81,023,676
100$154,849,084$9,157,082$2,435,519$88,930,772