Can I retire at age 54 with 2,080,000?

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 $2,080,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.9%
1 years$171,764$170,234$168,742$167,285$165,862$163,857
2 years$85,032$83,448$81,913$80,425$78,982$76,965
3 years$56,125$54,534$53,003$51,529$50,109$48,142
4 years$41,674$40,089$38,573$37,124$35,738$33,836
5 years$33,006$31,430$29,934$28,515$27,168$25,336
6 years$27,229$25,665$24,191$22,803$21,497$19,738
7 years$23,104$21,553$20,103$18,748$17,483$15,797
8 years$20,012$18,475$17,049$15,727$14,504$12,891
9 years$17,609$16,086$14,684$13,396$12,214$10,674
10 years$15,687$14,179$12,802$11,548$10,407$8,939
11 years$14,115$12,623$11,271$10,050$8,950$7,553
12 years$12,807$11,329$10,003$8,815$7,756$6,427
13 years$11,700$10,239$8,937$7,782$6,764$5,502
14 years$10,753$9,307$8,030$6,908$5,929$4,732
15 years$9,932$8,502$7,250$6,161$5,220$4,087
16 years$9,215$7,800$6,573$5,517$4,614$3,542
17 years$8,583$7,184$5,981$4,957$4,091$3,078
18 years$8,022$6,638$5,460$4,467$3,637$2,682
19 years$7,520$6,152$4,998$4,036$3,242$2,342
20 years$7,069$5,717$4,587$3,656$2,896$2,048
21 years$6,662$5,325$4,219$3,318$2,591$1,794
22 years$6,292$4,971$3,889$3,016$2,323$1,574
23 years$5,955$4,649$3,591$2,747$2,085$1,382
24 years$5,646$4,356$3,321$2,506$1,874$1,215
25 years$5,363$4,088$3,076$2,288$1,686$1,069
26 years$5,101$3,842$2,852$2,092$1,519$942
27 years$4,860$3,616$2,649$1,915$1,370$830
28 years$4,636$3,407$2,462$1,755$1,236$732
29 years$4,428$3,214$2,291$1,609$1,116$646
30 years$4,234$3,035$2,134$1,477$1,008$570
31 years$4,053$2,869$1,990$1,356$912$503
32 years$3,884$2,715$1,857$1,246$825$445
33 years$3,725$2,571$1,733$1,146$746$393
34 years$3,576$2,437$1,620$1,055$676$347
35 years$3,436$2,311$1,514$971$612$307
36 years$3,304$2,194$1,417$894$554$271
37 years$3,179$2,084$1,326$824$503$240
38 years$3,061$1,980$1,242$759$456$212
39 years$2,949$1,883$1,163$700$413$188
40 years$2,844$1,791$1,090$646$375$166
41 years$2,743$1,705$1,022$596$340$147
42 years$2,648$1,624$959$550$309$130
43 years$2,558$1,547$900$508$280$115
44 years$2,471$1,475$845$469$254$102
45 years$2,389$1,407$793$433$231$90
46 years$2,311$1,342$745$400$209$80
47 years$2,236$1,280$700$369$190$71
48 years$2,165$1,222$658$341$173$63
49 years$2,096$1,167$618$315$157$55
50 years$2,031$1,115$581$292$143$49

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $2,080,000, adding $3,864 every year, while hoping to spend $40,169 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: 45/41/14 Blend
53$2,080,000$2,080,000$2,080,000$2,080,000
54$2,296,146$2,185,906$2,153,666$2,390,127
55$2,487,613$2,250,276$2,183,074$2,520,318
56$2,697,264$2,316,453$2,212,121$2,657,044
57$2,926,910$2,384,485$2,240,753$2,804,427
58$3,178,548$2,454,418$2,268,911$2,963,467
59$3,454,375$2,526,300$2,296,535$3,135,267
60$3,756,813$2,600,180$2,323,560$3,321,038
61$4,088,527$2,676,108$2,349,919$3,522,116
62$4,452,455$2,754,135$2,375,539$3,739,968
63$4,851,830$2,834,312$2,400,344$3,976,209
64$5,290,216$2,916,693$2,424,255$4,232,618
65$5,771,538$3,001,331$2,447,187$4,511,151
66$6,300,119$3,088,280$2,469,052$4,813,963
67$6,880,721$3,177,596$2,489,755$5,143,427
68$7,518,591$3,269,335$2,509,199$5,502,155
69$8,219,510$3,363,554$2,527,279$5,893,021
70$8,989,843$3,460,312$2,543,887$6,319,194
71$9,836,608$3,559,667$2,558,907$6,784,161
72$10,767,530$3,661,680$2,572,219$7,291,763
73$11,791,126$3,766,410$2,583,696$7,846,229
74$12,916,776$3,873,919$2,593,205$8,452,219
75$14,154,815$3,984,269$2,600,606$9,114,866
76$15,516,631$4,097,523$2,605,750$9,839,821
77$17,014,769$4,213,744$2,608,485$10,633,311
78$18,663,055$4,332,996$2,608,649$11,502,197
79$20,476,718$4,455,344$2,606,070$12,454,034
80$22,472,540$4,580,853$2,600,570$13,497,148
81$24,669,013$4,709,589$2,591,964$14,640,708
82$27,086,511$4,841,618$2,580,053$15,894,819
83$29,747,484$4,977,006$2,564,633$17,270,613
84$32,676,667$5,115,819$2,545,489$18,780,354
85$35,901,318$5,258,125$2,522,393$20,437,555
86$39,451,470$5,403,990$2,495,110$22,257,104
87$43,360,215$5,553,481$2,463,392$24,255,405
88$47,664,021$5,706,666$2,426,980$26,450,534
89$52,403,069$5,863,609$2,385,601$28,862,405
90$57,621,634$6,024,379$2,338,971$31,512,964
91$63,368,508$6,189,040$2,286,793$34,426,389
92$69,697,450$6,357,658$2,228,756$37,629,326
93$76,667,703$6,530,297$2,164,532$41,151,132
94$84,344,548$6,707,020$2,093,783$45,024,158
95$92,799,917$6,887,889$2,016,150$49,284,053
96$102,113,080$7,072,967$1,931,262$53,970,096
97$112,371,383$7,262,311$1,838,729$59,125,575
98$123,671,081$7,455,981$1,738,143$64,798,187
99$136,118,239$7,654,032$1,629,078$71,040,493
100$149,829,737$7,856,518$1,511,090$77,910,413