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

Use the below retirement simulation to view the chances of a successful retirement.
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%12.2%
1 years$172,590$171,053$169,553$168,089$166,660$165,125
2 years$85,441$83,849$82,307$80,812$79,362$77,816
3 years$56,395$54,797$53,258$51,777$50,350$48,841
4 years$41,874$40,281$38,758$37,302$35,910$34,449
5 years$33,165$31,581$30,078$28,652$27,298$25,889
6 years$27,360$25,788$24,308$22,913$21,600$20,245
7 years$23,215$21,657$20,200$18,838$17,567$16,266
8 years$20,108$18,564$17,131$15,803$14,573$13,328
9 years$17,693$16,163$14,755$13,461$12,273$11,081
10 years$15,762$14,247$12,864$11,603$10,457$9,319
11 years$14,183$12,683$11,325$10,098$8,993$7,908
12 years$12,868$11,384$10,051$8,857$7,794$6,760
13 years$11,757$10,288$8,980$7,820$6,796$5,812
14 years$10,804$9,351$8,068$6,942$5,957$5,023
15 years$9,980$8,543$7,284$6,191$5,245$4,359
16 years$9,259$7,838$6,604$5,543$4,636$3,795
17 years$8,624$7,218$6,010$4,980$4,111$3,315
18 years$8,060$6,670$5,486$4,488$3,655$2,902
19 years$7,556$6,182$5,022$4,056$3,258$2,547
20 years$7,103$5,744$4,609$3,673$2,910$2,239
21 years$6,694$5,351$4,240$3,334$2,604$1,972
22 years$6,322$4,995$3,907$3,031$2,334$1,739
23 years$5,983$4,671$3,608$2,760$2,095$1,535
24 years$5,673$4,377$3,337$2,518$1,883$1,357
25 years$5,388$4,107$3,090$2,299$1,695$1,201
26 years$5,126$3,860$2,866$2,102$1,526$1,063
27 years$4,883$3,633$2,662$1,924$1,376$942
28 years$4,658$3,423$2,474$1,763$1,242$836
29 years$4,449$3,229$2,302$1,617$1,121$741
30 years$4,254$3,050$2,145$1,484$1,013$658
31 years$4,072$2,883$1,999$1,363$916$585
32 years$3,902$2,728$1,865$1,252$829$519
33 years$3,743$2,584$1,742$1,152$750$462
34 years$3,593$2,449$1,627$1,060$679$410
35 years$3,452$2,322$1,522$975$615$365
36 years$3,319$2,204$1,423$898$557$325
37 years$3,194$2,094$1,332$828$505$289
38 years$3,076$1,990$1,248$763$458$257
39 years$2,964$1,892$1,169$703$415$229
40 years$2,857$1,800$1,096$649$377$204
41 years$2,757$1,714$1,027$599$342$181
42 years$2,661$1,632$964$552$310$161
43 years$2,570$1,555$904$510$281$144
44 years$2,483$1,482$849$471$255$128
45 years$2,401$1,413$797$435$232$114
46 years$2,322$1,348$749$402$210$102
47 years$2,247$1,287$703$371$191$90
48 years$2,175$1,228$661$343$174$81
49 years$2,106$1,173$621$317$158$72
50 years$2,041$1,120$584$293$143$64

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 $5,148 every year, while hoping to spend $54,052 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: 44/38/18 Blend
53$2,090,000$2,090,000$2,090,000$2,090,000
54$2,308,490$2,197,720$2,165,325$2,397,842
55$2,486,445$2,247,898$2,180,353$2,511,294
56$2,680,740$2,298,722$2,194,072$2,628,442
57$2,892,984$2,350,168$2,206,382$2,754,282
58$3,124,950$2,402,208$2,217,177$2,889,644
59$3,378,588$2,454,809$2,226,346$3,035,440
60$3,656,046$2,507,937$2,233,771$3,192,675
61$3,959,690$2,561,553$2,239,329$3,362,459
62$4,292,123$2,615,613$2,242,891$3,546,014
63$4,656,213$2,670,072$2,244,321$3,744,685
64$5,055,119$2,724,878$2,243,478$3,959,957
65$5,492,318$2,779,974$2,240,212$4,193,468
66$5,971,642$2,835,299$2,234,366$4,447,020
67$6,497,308$2,890,788$2,225,776$4,722,603
68$7,073,964$2,946,367$2,214,270$5,022,409
69$7,706,727$3,001,958$2,199,667$5,348,855
70$8,401,236$3,057,476$2,181,778$5,704,606
71$9,163,699$3,112,830$2,160,406$6,092,599
72$10,000,959$3,167,921$2,135,341$6,516,074
73$10,920,550$3,222,642$2,106,368$6,978,602
74$11,930,773$3,276,879$2,073,259$7,484,119
75$13,040,773$3,330,507$2,035,774$8,036,967
76$14,260,625$3,383,395$1,993,665$8,641,932
77$15,601,426$3,435,399$1,946,671$9,304,289
78$17,075,406$3,486,368$1,894,519$10,029,856
79$18,696,034$3,536,137$1,836,922$10,825,048
80$20,478,153$3,584,531$1,773,582$11,696,935
81$22,438,114$3,631,363$1,704,187$12,653,313
82$24,593,934$3,676,432$1,628,409$13,702,777
83$26,965,463$3,719,524$1,545,908$14,854,805
84$29,574,570$3,760,410$1,456,326$16,119,842
85$32,445,352$3,798,847$1,359,289$17,509,406
86$35,604,361$3,834,574$1,254,409$19,036,197
87$39,080,851$3,867,313$1,141,276$20,714,211
88$42,907,056$3,896,769$1,019,467$22,558,882
89$47,118,492$3,922,627$888,535$24,587,224
90$51,754,294$3,944,552$748,017$26,817,993
91$56,857,584$3,962,187$597,428$29,271,865
92$62,475,877$3,975,153$436,261$31,971,634
93$68,661,529$3,983,048$263,988$34,942,429
94$75,472,230$3,985,443$80,057$38,211,949
95$82,971,550$3,981,882$0$41,810,729
96$91,229,538$3,971,883$0$45,794,755
97$100,323,379$3,954,934$0$50,196,667
98$110,338,127$3,930,489$0$55,042,098
99$121,367,505$3,897,972$0$60,376,260
100$133,514,788$3,856,771$0$66,248,985