Can I retire at age 54 with 2,090,000?

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 $2,090,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12%
1 years$172,590$171,053$169,553$168,089$166,660$165,263
2 years$85,441$83,849$82,307$80,812$79,362$77,954
3 years$56,395$54,797$53,258$51,777$50,350$48,976
4 years$41,874$40,281$38,758$37,302$35,910$34,579
5 years$33,165$31,581$30,078$28,652$27,298$26,014
6 years$27,360$25,788$24,308$22,913$21,600$20,365
7 years$23,215$21,657$20,200$18,838$17,567$16,381
8 years$20,108$18,564$17,131$15,803$14,573$13,436
9 years$17,693$16,163$14,755$13,461$12,273$11,185
10 years$15,762$14,247$12,864$11,603$10,457$9,417
11 years$14,183$12,683$11,325$10,098$8,993$8,001
12 years$12,868$11,384$10,051$8,857$7,794$6,848
13 years$11,757$10,288$8,980$7,820$6,796$5,896
14 years$10,804$9,351$8,068$6,942$5,957$5,102
15 years$9,980$8,543$7,284$6,191$5,245$4,433
16 years$9,259$7,838$6,604$5,543$4,636$3,866
17 years$8,624$7,218$6,010$4,980$4,111$3,381
18 years$8,060$6,670$5,486$4,488$3,655$2,964
19 years$7,556$6,182$5,022$4,056$3,258$2,605
20 years$7,103$5,744$4,609$3,673$2,910$2,294
21 years$6,694$5,351$4,240$3,334$2,604$2,023
22 years$6,322$4,995$3,907$3,031$2,334$1,787
23 years$5,983$4,671$3,608$2,760$2,095$1,580
24 years$5,673$4,377$3,337$2,518$1,883$1,399
25 years$5,388$4,107$3,090$2,299$1,695$1,239
26 years$5,126$3,860$2,866$2,102$1,526$1,099
27 years$4,883$3,633$2,662$1,924$1,376$976
28 years$4,658$3,423$2,474$1,763$1,242$867
29 years$4,449$3,229$2,302$1,617$1,121$770
30 years$4,254$3,050$2,145$1,484$1,013$685
31 years$4,072$2,883$1,999$1,363$916$609
32 years$3,902$2,728$1,865$1,252$829$542
33 years$3,743$2,584$1,742$1,152$750$483
34 years$3,593$2,449$1,627$1,060$679$430
35 years$3,452$2,322$1,522$975$615$383
36 years$3,319$2,204$1,423$898$557$341
37 years$3,194$2,094$1,332$828$505$304
38 years$3,076$1,990$1,248$763$458$271
39 years$2,964$1,892$1,169$703$415$242
40 years$2,857$1,800$1,096$649$377$215
41 years$2,757$1,714$1,027$599$342$192
42 years$2,661$1,632$964$552$310$171
43 years$2,570$1,555$904$510$281$153
44 years$2,483$1,482$849$471$255$136
45 years$2,401$1,413$797$435$232$122
46 years$2,322$1,348$749$402$210$109
47 years$2,247$1,287$703$371$191$97
48 years$2,175$1,228$661$343$174$86
49 years$2,106$1,173$621$317$158$77
50 years$2,041$1,120$584$293$143$69

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $2,090,000, adding $3,154 every year, while hoping to spend $28,224 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: 69/15/16 Blend
53$2,090,000$2,090,000$2,090,000$2,090,000
54$2,306,433$2,195,663$2,163,268$2,456,701
55$2,511,659$2,273,221$2,205,708$2,634,738
56$2,736,873$2,353,632$2,248,623$2,825,813
57$2,984,082$2,437,009$2,292,000$3,034,159
58$3,255,500$2,523,464$2,335,824$3,261,474
59$3,553,564$2,613,117$2,380,077$3,509,628
60$3,880,961$2,706,092$2,424,742$3,780,678
61$4,240,647$2,802,519$2,469,799$4,076,891
62$4,635,881$2,902,531$2,515,226$4,400,763
63$5,070,254$3,006,268$2,561,000$4,755,041
64$5,547,721$3,113,876$2,607,094$5,142,752
65$6,072,639$3,225,507$2,653,482$5,567,229
66$6,649,809$3,341,317$2,700,134$6,032,142
67$7,284,519$3,461,472$2,747,019$6,541,533
68$7,982,598$3,586,141$2,794,101$7,099,854
69$8,750,465$3,715,504$2,841,346$7,712,010
70$9,595,194$3,849,745$2,888,712$8,383,401
71$10,524,579$3,989,058$2,936,159$9,119,979
72$11,547,207$4,133,643$2,983,642$9,928,297
73$12,672,541$4,283,711$3,031,113$10,815,574
74$13,911,006$4,439,478$3,078,521$11,789,765
75$15,274,089$4,601,173$3,125,812$12,859,630
76$16,774,448$4,769,032$3,172,928$14,034,823
77$18,426,029$4,943,302$3,219,809$15,325,976
78$20,244,199$5,124,239$3,266,388$16,744,805
79$22,245,893$5,312,112$3,312,597$18,304,216
80$24,449,768$5,507,200$3,358,363$20,018,429
81$26,876,384$5,709,793$3,403,608$21,903,110
82$29,548,397$5,920,194$3,448,250$23,975,520
83$32,490,769$6,138,719$3,492,202$26,254,675
84$35,731,009$6,365,698$3,535,373$28,761,530
85$39,299,428$6,601,473$3,577,664$31,519,170
86$43,229,427$6,846,403$3,618,974$34,553,033
87$47,557,813$7,100,861$3,659,193$37,891,146
88$52,325,141$7,365,235$3,698,208$41,564,390
89$57,576,105$7,639,930$3,735,897$45,606,792
90$63,359,952$7,925,371$3,772,133$50,055,845
91$69,730,950$8,221,997$3,806,783$54,952,861
92$76,748,901$8,530,269$3,839,704$60,343,361
93$84,479,702$8,850,666$3,870,748$66,277,504
94$92,995,972$9,183,689$3,899,758$72,810,559
95$102,377,730$9,529,859$3,926,569$80,003,427
96$112,713,157$9,889,720$3,951,008$87,923,216
97$124,099,424$10,263,842$3,972,891$96,643,872
98$136,643,610$10,652,815$3,992,028$106,246,879
99$150,463,714$11,057,258$4,008,216$116,822,024
100$165,689,765$11,477,816$4,021,244$128,468,245