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%11.6%
1 years$171,764$170,234$168,742$167,285$165,862$164,748
2 years$85,032$83,448$81,913$80,425$78,982$77,858
3 years$56,125$54,534$53,003$51,529$50,109$49,011
4 years$41,674$40,089$38,573$37,124$35,738$34,674
5 years$33,006$31,430$29,934$28,515$27,168$26,140
6 years$27,229$25,665$24,191$22,803$21,497$20,507
7 years$23,104$21,553$20,103$18,748$17,483$16,532
8 years$20,012$18,475$17,049$15,727$14,504$13,591
9 years$17,609$16,086$14,684$13,396$12,214$11,340
10 years$15,687$14,179$12,802$11,548$10,407$9,571
11 years$14,115$12,623$11,271$10,050$8,950$8,152
12 years$12,807$11,329$10,003$8,815$7,756$6,995
13 years$11,700$10,239$8,937$7,782$6,764$6,038
14 years$10,753$9,307$8,030$6,908$5,929$5,238
15 years$9,932$8,502$7,250$6,161$5,220$4,564
16 years$9,215$7,800$6,573$5,517$4,614$3,990
17 years$8,583$7,184$5,981$4,957$4,091$3,500
18 years$8,022$6,638$5,460$4,467$3,637$3,077
19 years$7,520$6,152$4,998$4,036$3,242$2,712
20 years$7,069$5,717$4,587$3,656$2,896$2,395
21 years$6,662$5,325$4,219$3,318$2,591$2,118
22 years$6,292$4,971$3,889$3,016$2,323$1,876
23 years$5,955$4,649$3,591$2,747$2,085$1,664
24 years$5,646$4,356$3,321$2,506$1,874$1,478
25 years$5,363$4,088$3,076$2,288$1,686$1,314
26 years$5,101$3,842$2,852$2,092$1,519$1,169
27 years$4,860$3,616$2,649$1,915$1,370$1,041
28 years$4,636$3,407$2,462$1,755$1,236$927
29 years$4,428$3,214$2,291$1,609$1,116$827
30 years$4,234$3,035$2,134$1,477$1,008$738
31 years$4,053$2,869$1,990$1,356$912$658
32 years$3,884$2,715$1,857$1,246$825$588
33 years$3,725$2,571$1,733$1,146$746$525
34 years$3,576$2,437$1,620$1,055$676$469
35 years$3,436$2,311$1,514$971$612$419
36 years$3,304$2,194$1,417$894$554$375
37 years$3,179$2,084$1,326$824$503$335
38 years$3,061$1,980$1,242$759$456$300
39 years$2,949$1,883$1,163$700$413$268
40 years$2,844$1,791$1,090$646$375$240
41 years$2,743$1,705$1,022$596$340$215
42 years$2,648$1,624$959$550$309$192
43 years$2,558$1,547$900$508$280$172
44 years$2,471$1,475$845$469$254$154
45 years$2,389$1,407$793$433$231$138
46 years$2,311$1,342$745$400$209$123
47 years$2,236$1,280$700$369$190$111
48 years$2,165$1,222$658$341$173$99
49 years$2,096$1,167$618$315$157$89
50 years$2,031$1,115$581$292$143$79

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 $5,848 every year, while hoping to spend $27,958 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: 53/42/5 Blend
53$2,080,000$2,080,000$2,080,000$2,080,000
54$2,298,192$2,187,952$2,155,712$2,417,186
55$2,502,861$2,265,415$2,198,181$2,575,778
56$2,727,468$2,345,736$2,241,136$2,744,642
57$2,974,019$2,429,026$2,284,564$2,927,657
58$3,244,722$2,515,401$2,328,449$3,126,162
59$3,542,007$2,604,980$2,372,776$3,341,630
60$3,868,555$2,697,887$2,417,527$3,575,680
61$4,227,317$2,794,252$2,462,683$3,830,092
62$4,621,543$2,894,211$2,508,223$4,106,823
63$5,054,817$2,997,903$2,554,125$4,408,026
64$5,531,083$3,105,475$2,600,363$4,736,070
65$6,054,690$3,217,080$2,646,912$5,093,558
66$6,630,427$3,332,875$2,693,742$5,483,358
67$7,263,571$3,453,027$2,740,823$5,908,622
68$7,959,936$3,577,706$2,788,121$6,372,820
69$8,725,929$3,707,093$2,835,602$6,879,771
70$9,568,606$3,841,372$2,883,227$7,433,677
71$10,495,744$3,980,740$2,930,955$8,039,164
72$11,515,910$4,125,397$2,978,743$8,701,323
73$12,638,547$4,275,555$3,026,545$9,425,758
74$13,874,054$4,431,433$3,074,310$10,218,638
75$15,233,895$4,593,260$3,121,986$11,086,757
76$16,730,696$4,761,274$3,169,517$12,037,592
77$18,378,375$4,935,724$3,216,843$13,079,376
78$20,192,262$5,116,868$3,263,900$14,221,177
79$22,189,254$5,304,975$3,310,622$15,472,977
80$24,387,966$5,500,327$3,356,936$16,845,769
81$26,808,913$5,703,217$3,402,768$18,351,660
82$29,474,697$5,913,950$3,448,035$20,003,982
83$32,410,226$6,132,844$3,492,655$21,817,418
84$35,642,947$6,360,231$3,536,536$23,808,141
85$39,203,101$6,596,456$3,579,584$25,993,961
86$43,124,015$6,841,880$3,621,698$28,394,497
87$47,442,412$7,096,879$3,662,772$31,031,357
88$52,198,757$7,361,846$3,702,694$33,928,342
89$57,437,642$7,637,188$3,741,346$37,111,672
90$63,208,204$7,923,332$3,778,603$40,610,226
91$69,564,588$8,220,723$3,814,334$44,455,819
92$76,566,462$8,529,824$3,848,400$48,683,495
93$84,279,575$8,851,119$3,880,655$53,331,864
94$92,776,380$9,185,112$3,910,945$58,443,457
95$102,136,718$9,532,331$3,939,110$64,065,129
96$112,448,571$9,893,323$3,964,978$70,248,499
97$123,808,892$10,268,662$3,988,371$77,050,439
98$136,324,517$10,658,945$4,009,100$84,533,600
99$150,113,181$11,064,796$4,026,968$92,767,012
100$165,304,621$11,486,867$4,041,767$101,826,725