Can I retire at age 54 with 2,100,000?

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 $2,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.5%
1 years$173,416$171,871$170,364$168,893$167,457$161,067
2 years$85,850$84,251$82,701$81,199$79,741$73,379
3 years$56,665$55,059$53,513$52,025$50,591$44,457
4 years$42,075$40,474$38,944$37,481$36,082$30,222
5 years$33,323$31,732$30,222$28,789$27,429$21,858
6 years$27,491$25,912$24,424$23,023$21,704$16,426
7 years$23,327$21,761$20,296$18,928$17,651$12,665
8 years$20,205$18,653$17,213$15,878$14,643$9,944
9 years$17,778$16,241$14,825$13,525$12,332$7,912
10 years$15,837$14,315$12,925$11,659$10,507$6,360
11 years$14,251$12,744$11,379$10,146$9,037$5,152
12 years$12,930$11,438$10,099$8,900$7,831$4,199
13 years$11,813$10,337$9,023$7,857$6,829$3,439
14 years$10,856$9,396$8,107$6,975$5,986$2,827
15 years$10,028$8,583$7,319$6,220$5,271$2,331
16 years$9,304$7,875$6,636$5,570$4,658$1,928
17 years$8,666$7,253$6,039$5,004$4,130$1,597
18 years$8,099$6,702$5,512$4,510$3,672$1,325
19 years$7,592$6,211$5,046$4,075$3,273$1,102
20 years$7,137$5,772$4,631$3,691$2,924$917
21 years$6,726$5,376$4,260$3,350$2,616$763
22 years$6,352$5,018$3,926$3,045$2,345$636
23 years$6,012$4,694$3,625$2,774$2,105$531
24 years$5,700$4,398$3,353$2,530$1,892$443
25 years$5,414$4,127$3,105$2,310$1,703$370
26 years$5,150$3,879$2,880$2,112$1,534$309
27 years$4,906$3,650$2,674$1,934$1,383$258
28 years$4,680$3,440$2,486$1,772$1,248$216
29 years$4,470$3,245$2,313$1,625$1,127$180
30 years$4,275$3,064$2,155$1,491$1,018$151
31 years$4,092$2,897$2,009$1,369$920$126
32 years$3,921$2,741$1,874$1,258$833$105
33 years$3,761$2,596$1,750$1,157$753$88
34 years$3,610$2,460$1,635$1,065$682$74
35 years$3,469$2,334$1,529$980$618$62
36 years$3,335$2,215$1,430$903$560$52
37 years$3,209$2,104$1,339$832$507$43
38 years$3,090$1,999$1,254$767$460$36
39 years$2,978$1,901$1,174$707$417$30
40 years$2,871$1,809$1,101$652$378$25
41 years$2,770$1,722$1,032$602$343$21
42 years$2,674$1,640$968$555$311$18
43 years$2,582$1,562$909$512$283$15
44 years$2,495$1,489$853$473$257$12
45 years$2,412$1,420$801$437$233$10
46 years$2,333$1,355$752$404$211$9
47 years$2,258$1,293$707$373$192$7
48 years$2,185$1,234$664$345$174$6
49 years$2,116$1,179$624$318$158$5
50 years$2,050$1,126$587$294$144$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $2,100,000, adding $6,208 every year, while hoping to spend $48,895 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: 39/42/19 Blend
53$2,100,000$2,100,000$2,100,000$2,100,000
54$2,320,604$2,209,304$2,176,754$2,397,735
55$2,505,281$2,265,536$2,197,651$2,509,882
56$2,707,157$2,322,884$2,217,610$2,625,940
57$2,927,934$2,381,352$2,236,546$2,750,417
58$3,169,487$2,440,942$2,254,374$2,884,102
59$3,433,879$2,501,653$2,271,000$3,027,866
60$3,723,385$2,563,484$2,286,329$3,182,664
61$4,040,506$2,626,430$2,300,257$3,349,552
62$4,388,000$2,690,487$2,312,677$3,529,691
63$4,768,901$2,755,647$2,323,478$3,724,360
64$5,186,555$2,821,900$2,332,540$3,934,968
65$5,644,643$2,889,232$2,339,739$4,163,069
66$6,147,221$2,957,629$2,344,945$4,410,373
67$6,698,758$3,027,073$2,348,021$4,678,765
68$7,304,173$3,097,541$2,348,822$4,970,324
69$7,968,888$3,169,010$2,347,197$5,287,337
70$8,698,875$3,241,452$2,342,987$5,632,329
71$9,500,710$3,314,833$2,336,028$6,008,080
72$10,381,641$3,389,118$2,326,143$6,417,654
73$11,349,651$3,464,267$2,313,151$6,864,428
74$12,413,533$3,540,235$2,296,860$7,352,125
75$13,582,978$3,616,970$2,277,069$7,884,848
76$14,868,658$3,694,419$2,253,568$8,467,119
77$16,282,335$3,772,519$2,226,136$9,103,922
78$17,836,965$3,851,204$2,194,543$9,800,750
79$19,546,823$3,930,401$2,158,548$10,563,660
80$21,427,636$4,010,028$2,117,897$11,399,326
81$23,496,735$4,089,999$2,072,326$12,315,105
82$25,773,211$4,170,217$2,021,558$13,319,108
83$28,278,101$4,250,581$1,965,303$14,420,272
84$31,034,585$4,330,977$1,903,258$15,628,452
85$34,068,202$4,411,284$1,835,106$16,954,508
86$37,407,093$4,491,371$1,760,517$18,410,412
87$41,082,264$4,571,097$1,679,142$20,009,359
88$45,127,882$4,650,307$1,590,620$21,765,896
89$49,581,593$4,728,839$1,494,573$23,696,055
90$54,484,878$4,806,515$1,390,604$25,817,509
91$59,883,446$4,883,145$1,278,299$28,149,738
92$65,827,663$4,958,524$1,157,228$30,714,214
93$72,373,027$5,032,435$1,026,938$33,534,605
94$79,580,693$5,104,641$886,958$36,636,996
95$87,518,049$5,174,893$736,795$40,050,144
96$96,259,348$5,242,921$575,936$43,805,743
97$105,886,415$5,308,438$403,844$47,938,726
98$116,489,415$5,371,137$219,957$52,487,601
99$128,167,701$5,430,689$23,693$57,494,808
100$141,030,759$5,486,745$0$63,007,127