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%19.2%
1 years$173,416$171,871$170,364$168,893$167,457$161,259
2 years$85,850$84,251$82,701$81,199$79,741$73,567
3 years$56,665$55,059$53,513$52,025$50,591$44,635
4 years$42,075$40,474$38,944$37,481$36,082$30,389
5 years$33,323$31,732$30,222$28,789$27,429$22,014
6 years$27,491$25,912$24,424$23,023$21,704$16,570
7 years$23,327$21,761$20,296$18,928$17,651$12,798
8 years$20,205$18,653$17,213$15,878$14,643$10,066
9 years$17,778$16,241$14,825$13,525$12,332$8,025
10 years$15,837$14,315$12,925$11,659$10,507$6,462
11 years$14,251$12,744$11,379$10,146$9,037$5,245
12 years$12,930$11,438$10,099$8,900$7,831$4,283
13 years$11,813$10,337$9,023$7,857$6,829$3,515
14 years$10,856$9,396$8,107$6,975$5,986$2,896
15 years$10,028$8,583$7,319$6,220$5,271$2,393
16 years$9,304$7,875$6,636$5,570$4,658$1,983
17 years$8,666$7,253$6,039$5,004$4,130$1,647
18 years$8,099$6,702$5,512$4,510$3,672$1,370
19 years$7,592$6,211$5,046$4,075$3,273$1,141
20 years$7,137$5,772$4,631$3,691$2,924$952
21 years$6,726$5,376$4,260$3,350$2,616$794
22 years$6,352$5,018$3,926$3,045$2,345$664
23 years$6,012$4,694$3,625$2,774$2,105$555
24 years$5,700$4,398$3,353$2,530$1,892$464
25 years$5,414$4,127$3,105$2,310$1,703$388
26 years$5,150$3,879$2,880$2,112$1,534$325
27 years$4,906$3,650$2,674$1,934$1,383$272
28 years$4,680$3,440$2,486$1,772$1,248$228
29 years$4,470$3,245$2,313$1,625$1,127$191
30 years$4,275$3,064$2,155$1,491$1,018$160
31 years$4,092$2,897$2,009$1,369$920$134
32 years$3,921$2,741$1,874$1,258$833$113
33 years$3,761$2,596$1,750$1,157$753$94
34 years$3,610$2,460$1,635$1,065$682$79
35 years$3,469$2,334$1,529$980$618$66
36 years$3,335$2,215$1,430$903$560$56
37 years$3,209$2,104$1,339$832$507$47
38 years$3,090$1,999$1,254$767$460$39
39 years$2,978$1,901$1,174$707$417$33
40 years$2,871$1,809$1,101$652$378$28
41 years$2,770$1,722$1,032$602$343$23
42 years$2,674$1,640$968$555$311$19
43 years$2,582$1,562$909$512$283$16
44 years$2,495$1,489$853$473$257$14
45 years$2,412$1,420$801$437$233$11
46 years$2,333$1,355$752$404$211$10
47 years$2,258$1,293$707$373$192$8
48 years$2,185$1,234$664$345$174$7
49 years$2,116$1,179$624$318$158$6
50 years$2,050$1,126$587$294$144$5

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 $3,387 every year, while hoping to spend $48,721 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: 70/10/20 Blend
53$2,100,000$2,100,000$2,100,000$2,100,000
54$2,317,694$2,206,394$2,173,844$2,468,363
55$2,502,260$2,262,668$2,194,829$2,625,571
56$2,704,018$2,320,067$2,214,884$2,791,510
57$2,924,672$2,378,595$2,233,926$2,971,937
58$3,166,095$2,438,252$2,251,869$3,168,282
59$3,430,352$2,499,041$2,268,621$3,382,118
60$3,719,713$2,560,960$2,284,086$3,615,176
61$4,036,683$2,624,006$2,298,162$3,869,368
62$4,384,017$2,688,174$2,310,742$4,146,796
63$4,764,750$2,753,458$2,321,715$4,449,778
64$5,182,225$2,819,848$2,330,963$4,780,868
65$5,640,123$2,887,332$2,338,362$5,142,879
66$6,142,501$2,955,896$2,343,783$5,538,911
67$6,693,824$3,025,524$2,347,088$5,972,379
68$7,299,014$3,096,193$2,348,134$6,447,048
69$7,963,488$3,167,882$2,346,772$6,967,066
70$8,693,219$3,240,563$2,342,844$7,537,001
71$9,494,781$3,314,205$2,336,183$8,161,890
72$10,375,421$3,388,773$2,326,618$8,847,284
73$11,343,120$3,464,229$2,313,965$9,599,296
74$12,406,670$3,540,528$2,298,035$10,424,667
75$13,575,759$3,617,622$2,278,627$11,330,822
76$14,861,058$3,695,458$2,255,533$12,325,945
77$16,274,326$3,773,975$2,228,534$13,419,056
78$17,828,517$3,853,110$2,197,399$14,620,092
79$19,537,903$3,932,789$2,161,889$15,940,007
80$21,418,208$4,012,935$2,121,752$17,390,871
81$23,486,760$4,093,463$2,076,725$18,985,986
82$25,762,646$4,174,280$2,026,532$20,740,011
83$28,266,900$4,255,283$1,970,884$22,669,101
84$31,022,696$4,336,365$1,909,482$24,791,059
85$34,055,570$4,417,406$1,842,008$27,125,505
86$37,393,656$4,498,277$1,768,134$29,694,062
87$41,067,957$4,578,840$1,687,514$32,520,559
88$45,112,631$4,658,945$1,599,788$35,631,256
89$49,565,317$4,738,432$1,504,579$39,055,094
90$54,467,490$4,817,126$1,401,493$42,823,967
91$59,864,850$4,894,841$1,290,119$46,973,023
92$65,807,754$4,971,377$1,170,027$51,540,998
93$72,351,689$5,046,518$1,040,767$56,570,581
94$79,557,799$5,120,036$901,871$62,108,817
95$87,493,459$5,191,682$752,848$68,207,552
96$96,232,911$5,261,193$593,187$74,923,923
97$105,857,963$5,328,287$422,353$82,320,899
98$116,458,762$5,392,660$239,790$90,467,871
99$128,134,647$5,453,992$44,914$99,441,316
100$140,995,081$5,511,937$0$109,325,512