Can I retire at age 54 with 2,110,000?

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 $2,110,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.4%
1 years$174,242$172,690$171,176$169,698$168,254$166,567
2 years$86,258$84,652$83,095$81,585$80,121$78,421
3 years$56,934$55,321$53,768$52,273$50,832$49,173
4 years$42,275$40,667$39,129$37,659$36,254$34,648
5 years$33,482$31,883$30,366$28,926$27,560$26,012
6 years$27,622$26,035$24,540$23,132$21,807$20,319
7 years$23,438$21,864$20,393$19,018$17,735$16,308
8 years$20,301$18,742$17,295$15,954$14,713$13,346
9 years$17,862$16,318$14,896$13,589$12,390$11,084
10 years$15,913$14,383$12,987$11,714$10,557$9,310
11 years$14,319$12,805$11,433$10,195$9,080$7,890
12 years$12,991$11,493$10,147$8,942$7,868$6,736
13 years$11,869$10,386$9,065$7,895$6,861$5,785
14 years$10,908$9,441$8,145$7,008$6,014$4,992
15 years$10,076$8,624$7,354$6,250$5,296$4,326
16 years$9,348$7,913$6,668$5,596$4,680$3,762
17 years$8,707$7,287$6,067$5,028$4,150$3,281
18 years$8,137$6,734$5,539$4,531$3,690$2,869
19 years$7,629$6,241$5,070$4,094$3,289$2,514
20 years$7,171$5,799$4,653$3,708$2,938$2,207
21 years$6,758$5,402$4,280$3,365$2,629$1,941
22 years$6,383$5,042$3,945$3,060$2,356$1,709
23 years$6,041$4,716$3,642$2,787$2,115$1,506
24 years$5,728$4,419$3,369$2,542$1,901$1,330
25 years$5,440$4,147$3,120$2,321$1,711$1,175
26 years$5,175$3,897$2,894$2,122$1,541$1,038
27 years$4,930$3,668$2,687$1,943$1,389$919
28 years$4,703$3,456$2,498$1,780$1,254$813
29 years$4,492$3,260$2,324$1,632$1,132$721
30 years$4,295$3,079$2,165$1,498$1,023$639
31 years$4,111$2,911$2,019$1,376$925$566
32 years$3,940$2,754$1,883$1,264$837$502
33 years$3,779$2,608$1,758$1,163$757$446
34 years$3,627$2,472$1,643$1,070$685$396
35 years$3,485$2,345$1,536$985$621$351
36 years$3,351$2,225$1,437$907$562$312
37 years$3,225$2,114$1,345$836$510$277
38 years$3,105$2,009$1,260$770$462$246
39 years$2,992$1,910$1,180$710$419$219
40 years$2,885$1,817$1,106$655$380$194
41 years$2,783$1,730$1,037$604$345$173
42 years$2,686$1,647$973$558$313$153
43 years$2,594$1,570$913$515$284$136
44 years$2,507$1,496$857$475$258$121
45 years$2,424$1,427$805$439$234$108
46 years$2,344$1,361$756$406$212$96
47 years$2,268$1,299$710$375$193$85
48 years$2,196$1,240$667$346$175$76
49 years$2,126$1,184$627$320$159$67
50 years$2,060$1,131$590$296$145$60

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $2,110,000, adding $2,825 every year, while hoping to spend $46,796 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: 54/41/5 Blend
53$2,110,000$2,110,000$2,110,000$2,110,000
54$2,328,134$2,216,304$2,183,599$2,451,250
55$2,515,813$2,275,112$2,206,959$2,593,484
56$2,721,067$2,335,234$2,229,533$2,742,771
57$2,945,639$2,396,683$2,251,246$2,904,085
58$3,191,449$2,459,475$2,272,017$3,078,569
59$3,460,610$2,523,623$2,291,763$3,267,483
60$3,755,449$2,589,138$2,310,394$3,472,213
61$4,078,531$2,656,032$2,327,818$3,694,284
62$4,432,678$2,724,314$2,343,937$3,935,375
63$4,821,000$2,793,994$2,358,647$4,197,336
64$5,246,920$2,865,078$2,371,840$4,482,201
65$5,714,210$2,937,571$2,383,401$4,792,212
66$6,227,026$3,011,478$2,393,211$5,129,836
67$6,789,942$3,086,800$2,401,144$5,497,791
68$7,408,001$3,163,538$2,407,067$5,899,070
69$8,086,754$3,241,689$2,410,841$6,336,970
70$8,832,319$3,321,247$2,412,320$6,815,121
71$9,651,434$3,402,207$2,411,351$7,337,522
72$10,551,523$3,484,557$2,407,774$7,908,578
73$11,540,763$3,568,286$2,401,419$8,533,141
74$12,628,165$3,653,376$2,392,111$9,216,559
75$13,823,655$3,739,808$2,379,663$9,964,718
76$15,138,168$3,827,560$2,363,883$10,784,108
77$16,583,753$3,916,602$2,344,565$11,681,877
78$18,173,686$4,006,905$2,321,497$12,665,898
79$19,922,590$4,098,432$2,294,456$13,744,850
80$21,846,581$4,191,142$2,263,207$14,928,291
81$23,963,414$4,284,989$2,227,506$16,226,756
82$26,292,651$4,379,923$2,187,096$17,651,849
83$28,855,846$4,475,884$2,141,709$19,216,361
84$31,676,750$4,572,810$2,091,064$20,934,381
85$34,781,531$4,670,629$2,034,866$22,821,437
86$38,199,022$4,769,266$1,972,810$24,894,640
87$41,960,996$4,868,633$1,904,572$27,172,841
88$46,102,459$4,968,638$1,829,817$29,676,816
89$50,661,987$5,069,178$1,748,193$32,429,459
90$55,682,085$5,170,143$1,659,333$35,455,997
91$61,209,589$5,271,412$1,562,852$38,784,230
92$67,296,109$5,372,852$1,458,349$42,444,792
93$73,998,512$5,474,322$1,345,404$46,471,443
94$81,379,463$5,575,667$1,223,578$50,901,383
95$89,508,015$5,676,721$1,092,414$55,775,610
96$98,460,256$5,777,304$951,434$61,139,301
97$108,320,032$5,877,222$800,136$67,042,242
98$119,179,735$5,976,265$638,001$73,539,296
99$131,141,176$6,074,211$464,482$80,690,927
100$144,316,545$6,170,816$279,012$88,563,762